Headquartered in Rockford, Minnesota, Bankwest is a state-chartered bank with $239.9M in total assets and $217.5M in deposits as of Q2 2026. It operates 3 offices. Its charter dates back to 1948.
Based on its Q2 2026 filing, Bankwest scores 76/100, which we describe as strong. That is higher than 64% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 54th. Its strongest component is loan quality (97/100; 0.08%), and its lowest is capital cushion (45/100; 9.47%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 6 points (70 → 76), mostly because the capital cushion component improved by 10 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 64 |
| Q3 2024 | 61 |
| Q4 2024 | 63 |
| Q1 2025 | 65 |
| Q2 2025 | 70 |
| Q3 2025 | 75 |
| Q4 2025 | 74 |
| Q1 2026 | 75 |
| Q2 2026 | 76 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 7.93% |
| Q3 2024 | 8.13% |
| Q4 2024 | 8.22% |
| Q1 2025 | 8.51% |
| Q2 2025 | 8.50% |
| Q3 2025 | 8.67% |
| Q4 2025 | 8.91% |
| Q1 2026 | 9.28% |
| Q2 2026 | 9.47% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.52% |
| Q3 2024 | 0.90% |
| Q4 2024 | 0.79% |
| Q1 2025 | 0.63% |
| Q2 2025 | 0.40% |
| Q3 2025 | 0.01% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.08% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.90% |
| Q3 2024 | 0.88% |
| Q4 2024 | 0.95% |
| Q1 2025 | 0.90% |
| Q2 2025 | 1.23% |
| Q3 2025 | 1.30% |
| Q4 2025 | 1.25% |
| Q1 2026 | 1.16% |
| Q2 2026 | 1.32% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 76 | $239.9M | 9.47% | 0.08% | 1.32% | 62.2% |
| Q1 2026 | 75 | $238.4M | 9.28% | 0.00% | 1.16% | 61.8% |
| Q4 2025 | 74 | $247.8M | 8.91% | 0.00% | 1.25% | 59.2% |
| Q3 2025 | 75 | $244.4M | 8.67% | 0.01% | 1.30% | 57.6% |
| Q2 2025 | 70 | $243.9M | 8.50% | 0.40% | 1.23% | 55.9% |
| Q1 2025 | 65 | $243.3M | 8.51% | 0.63% | 0.90% | 54.0% |
| Q4 2024 | 63 | $242.2M | 8.22% | 0.79% | 0.95% | 54.5% |
| Q3 2024 | 61 | $241.7M | 8.13% | 0.90% | 0.88% | 53.8% |
| Q2 2024 | 64 | $236.6M | 7.93% | 0.52% | 0.90% | 54.2% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Arcadian BankBank Hartland, MN | 85 out of 100, Very strong | $242.1M | 12.0% | 0.10% | vs |
| Center National BankBank Litchfield, MN | 80 out of 100, Strong | $242.6M | 11.1% | 0.00% | vs |
| First Farmers & Merchants National BankBank Luverne, MN | 70 out of 100, Strong | $242.6M | 11.6% | 0.85% | vs |
| United Farmers State BankBank Adams, MN | 75 out of 100, Strong | $233.8M | 10.3% | 0.33% | vs |
| Cornerstone State BankBank Montgomery, MN | 74 out of 100, Strong | $247.0M | 10.6% | 0.80% | vs |
| Security State Bank of MarineBank Marine On St. Croix, MN | 82 out of 100, Strong | $232.5M | 10.9% | 0.13% | vs |
Deposit insurance
Is my money safe at Bankwest?
Yes. Bankwest is an FDIC-insured institution (FDIC certificate #16704). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 16.9% of deposits ($36.7M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.47%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 17.22% (benchmark: 10%).
3 locations
Branches
Bankwest lists 3 offices in 3 cities. Most locations:
- Buffalo, MN (1)
- Hanover, MN (1)
- Rockford, MN (1)
HMDA 2025
Mortgage lending
In 2025, Bankwest reported 34 home-loan applications under HMDA (LEI 5493004O4O6HBJZIXH92): 30 originated ($8,440,000 total), 2 denied, and 2 withdrawn or closed by the applicant. Its denial rate on decided applications was 6.3%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Bankwest
- Former names
- Rockford State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 16704
- RSSD ID
- 791353
- Primary regulator
- FDIC
- Holding company
- Bankwest Financial Inc
- Established
- January 1, 1948
- Headquarters
- 5921 Main St, Rockford, MN 55373
- Website
- www.bankwestmn.com
- Employees
- 30
Quick answers
Bankwest: common questions
Is Bankwest FDIC insured?
Yes. Bankwest is an FDIC-insured institution (FDIC certificate #16704). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Bankwest's TellerScore?
76 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Bankwest ever failed?
There is no failure record for FDIC certificate #16704 in the FDIC failed bank list.
How many branches does Bankwest have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Rockford
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Liberty Bank MinnesotaBank Saint Cloud, MN | 86 out of 100, Very strong | $290.2M | 12.9% | 0.00% | vs |
| Lake Central BankBank Annandale, MN | 86 out of 100, Very strong | $291.3M | 11.2% | 0.04% | vs |
| PrinsBankBank Prinsburg, MN | 85 out of 100, Very strong | $308.3M | 12.0% | 0.29% | vs |
| Scale BankBank Edina, MN | 83 out of 100, Strong | $626.7M | 14.0% | 0.06% | vs |
| Center National BankBank Litchfield, MN | 80 out of 100, Strong | $242.6M | 11.1% | 0.00% | vs |
| American Heritage National BankBank Long Prairie, MN | 80 out of 100, Strong | $604.7M | 11.9% | 0.00% | vs |