Bank · FDIC insured
BANKWEST
A $239.9M bank headquartered in Rockford, MN, with 3 branches in Minnesota. Best rates: CDs 3.81% and savings 0.75% APY.
BANKWEST Carrot Score
65
Carrot Score
Higher than 13% of U.S. banks and credit unions
#77 of 97 in Minneapolis, MN-WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About BANKWEST
BANKWEST's story began in 1980 with the purchase of Rockford State Bank by the Huston family.
Headquartered with its home office in Rockford, Minnesota, the bank operates locations serving Rockford, Hanover, and Buffalo.
The bank provides commercial lending, home real estate loans, and Small Business Administration financing.
- Headquarters
- 5921 Main St, Rockford, MN 55373
- FDIC certificate
- 16704 ↗
Branches
3 branches in Minnesota
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Minnesota
3 branches
- BankwestMain office5921 Main St, Rockford, MN 55373Directions
- Buffalo Branch311 10th Ave S, Buffalo, MN 55313Directions
- Hanover Branch11000 River Rd Ne, Hanover, MN 55341Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.47% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.08% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.32% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $63 | $81 | — |
- CapitalLeverage ratio9.47%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.08%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.32%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$63Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of BANKWEST are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.