# BANKWEST INC
PIERRE, SD · FDIC certificate 4009 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.93B | |
| Deposits | $1.65B | |
| Loans and leases | $1.41B | |
| Total equity | $159.9M | |
| Loans / deposits | 84.68% (p44 of band) | 87.10% |
| Liquid assets / assets | 21.84% (p53 of band) | |
| Uninsured deposits / deposits | 31.67% (p53 of band) | 30.76% |
| Brokered deposits | 4.59% | |
| Wholesale funding | 10.27% (p66 of band) | |
| FHLB advances / assets | 5.69% | |
| Tier 1 leverage | 9.21% (p17 of band) | 10.50% |
| Unrealized securities loss / equity | -18.65% (p22 of band) | -7.75% |
| AOCI / equity | 0.22% (p88 of band) | |
| ROA (annualized) | 0.69% (p14 of band) | 1.26% |
| Net interest margin | 4.01% (p69 of band) | 3.70% |
| Efficiency ratio | 79.78% (p93 of band) | |
| Noncurrent loans | 2.76% (p95 of band) | 0.51% |
| Net charge-offs (annualized) | -0.02% (p3 of band) | |
| Reserve coverage of noncurrent | 39.03% | |
| Real estate % of loans | 61% | |
| Construction % of loans | 93.01% (p85 of band) | |
| Auto loans | $7.5M (0.53% of loans; DQ 0.55%, NCO 0.00%) | |
| Loans to nondepository financials | $21.3M (13% of equity) (p89 of band) | |
| Deposits YoY | 10.7% | |
| Employees | 377 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | wholesale funding >15% |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | reserve under noncurrent |  |
| 2011-12 | 2 | brokered >10% | reserve under noncurrent |
| 2012-03 | 3 | capital falling, uninsured deposits leaving | brokered >10% |
| 2012-06 | 2 | brokered >10% | capital falling, uninsured deposits leaving |
| 2012-09 | 2 |  |  |
| 2012-12 | 3 | capital falling |  |
| 2013-03 | 1 |  | wholesale funding >15%, capital falling |
| 2013-06 | 2 | wholesale funding >15% |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 3 | capital falling |  |
| 2014-03 | 2 |  | capital falling |
| 2014-06 | 3 | reserve under noncurrent |  |
| 2014-09 | 2 |  | reserve under noncurrent |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 4 | capital falling, reserve under noncurrent |  |
| 2016-06 | 3 |  | capital falling |
| 2016-09 | 3 |  |  |
| 2016-12 | 2 |  | wholesale funding >15% |
| 2017-03 | 3 | charge-offs p90 |  |
| 2017-06 | 4 | noncurrent p90 |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 3 |  | brokered >10% |
| 2018-03 | 2 |  | charge-offs p90 |
| 2018-06 | 5 | uninsured deposits >50%, brokered >10%, run vulnerability |  |
| 2018-09 | 3 |  | uninsured deposits >50%, run vulnerability |
| 2018-12 | 3 | deposits shrinking | brokered >10% |
| 2019-03 | 2 |  | deposits shrinking |
| 2019-06 | 4 | brokered >10%, wholesale funding >15% |  |
| 2019-09 | 3 |  | wholesale funding >15% |
| 2019-12 | 2 |  | brokered >10% |
| 2020-03 | 4 | capital falling, losing money |  |
| 2020-06 | 4 | charge-offs p90 | losing money |
| 2020-09 | 3 |  | capital falling |
| 2020-12 | 4 | uninsured deposits >50% |  |
| 2021-03 | 3 | capital falling | charge-offs p90, uninsured deposits >50% |
| 2021-06 | 2 |  | capital falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | capital falling |  |
| 2022-03 | 4 | expense ratio p90 |  |
| 2022-06 | 5 | AOCI drag >20% of equity, securities losses >30% of equity | capital falling |
| 2022-09 | 5 |  |  |
| 2022-12 | 3 | uninsured deposits leaving | reserve under noncurrent, noncurrent p90, expense ratio p90 |
| 2023-03 | 4 | expense ratio p90, noncurrent p90 | AOCI drag >20% of equity |
| 2023-06 | 4 | capital falling | noncurrent p90 |
| 2023-09 | 3 |  | capital falling |
| 2023-12 | 2 |  | expense ratio p90 |
| 2024-03 | 1 |  | uninsured deposits leaving |
| 2024-06 | 3 | wholesale funding >15%, capital falling |  |
| 2024-09 | 2 | reserve under noncurrent | securities losses >30% of equity, wholesale funding >15% |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 | charge-offs p90 | capital falling |
| 2025-06 | 4 | wholesale funding >15%, expense ratio p90, noncurrent p90 | charge-offs p90 |
| 2025-09 | 4 | capital falling | wholesale funding >15% |
| 2025-12 | 2 |  | noncurrent p90, capital falling |
| 2026-03 | 3 | noncurrent p90 |  |
| 2026-06 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2020-07-07 [SBA releases list of businesses that benefited from PPP loans - SiouxFalls.Business](https://news.google.com/rss/articles/CBMilAFBVV95cUxQck1HenhZN1ZQYkZJMHJWVjVURW5FTHJiWGUxRXhXbTJwOVdNTWRSQjVkUmtoSjQ1Tk1qc1h2UmQ3OWx4LUJLVTd3TUlYekRFSmNLZmtFMWU0WmFDWkI5cEFIRWNoVWpaU0dsUFR1UEdlZGFQTHliOU56eXc2cDVxRkFuOTUtRjl0MUpRRnl0Uld6OG9T?oc=5) · SiouxFalls.Business
- 2016-07-05 [Movers & Shakers - Argus Leader](https://news.google.com/rss/articles/CBMilgFBVV95cUxNY1VGMmk3QzNwMXBDUUJBZEE5MUcydm9Md213eVNPR1N3RjNLdFRrMGdpTnlER3FRbmg5R0VzWmJYWkpsdml2Y0wtWmxtTU9Kd1RWU0RScVFnemtIV0prQUY3NWFzb2UzNHNwRkcxcmZxMUZEV3UyUW5QQXZNblVFVDlqbkltRWpGLVQxUHZ1NEJZaEhsQmc?oc=5) · Argus Leader
- 2018-04-28 [Next threat stalking American farmers is the end of cheap money - The State Journal-Register](https://news.google.com/rss/articles/CBMimAFBVV95cUxPZzhVdTVQM3FxS3NGWVk0dkVQRk1SWkgyR1drVVZkX1E4U2V0cWxwcTFIcXhpTWdFM3N5dVNiS0YzMmNrMGh5enlfZTRHVW05VE9TVkNjZmRtbUNId1RDbkpRUmFfOFdrVUVYNTNEa185dE5NWm9adEJHT1VoM3FCRzJDWlhNTlhPS0dnNUFYbWg0RVBhZzhFYg?oc=5) · The State Journal-Register

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=4009 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/41.json (key "4009", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide