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Bankwest
Rockford, MN · FDIC Certificate #16704 · Chartered 01/0
Total assets
$239.88M
Total deposits
$217.51M
Total equity
$19.67M
Net loans
$135.21M
Branches (offices)
3
Net income (YTD)
$1.59M
Rank: #2,772 of 4,213 U.S. banks by assets · #104 of 221 in Minnesota. Assets changed -1.7% and deposits -3.3% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.32% |
| Return on equity | 16.53% |
| Net interest margin (YTD) | 4.25% |
| Equity to assets | 8.20% |
| Tier 1 leverage ratio | 9.47% |
| Uninsured deposits (share of deposits) | 16.9% |
| Noncurrent loans (share of loans) | 0.08% |
| Net charge-offs (share of loans) | -0.00% |
| Loans to deposits | 62.2% |
| Real estate loans (share of loans) | 77.7% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $105.06M | 77.7% | |
| Commercial & industrial | $25.45M | 18.8% | |
| Consumer / individual | $2.22M | 1.6% | |
| Construction & development | $7.02M | 5.2% | |
| Agricultural | $1.27M | 0.9% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $238.20M | $228.23M | $756.00K | $8.83M |
| Jun 2023 | $235.81M | $214.26M | $1.14M | $8.96M |
| Jun 2024 | $236.57M | $217.15M | $1.11M | $12.31M |
| Jun 2025 | $243.92M | $225.03M | $1.50M | $15.73M |
| Jun 2026 | $239.88M | $217.51M | $1.59M | $19.67M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $217.51M | 3 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $217.51M.
Similar-sized banks
Bank Of Farmington ($240.08M) · First Bank Of Boaz ($239.84M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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