BANKWEST: how it compares with its peers
Against 101 MN banks with half to twice its assets, BANKWEST's strongest measure in Q2 2026 is net interest margin (4.25% vs. a 3.99% peer median). Its weakest relative measure is efficiency ratio (65.05% vs. 62.39%).
| Measure | BANKWEST | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.32% | 1.30% | Middle third Ahead of 51% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.25% | 3.99% | Top third Ahead of 68% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 65.05% | 62.39% | Middle third Ahead of 41% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.0M | $7.4M | Middle third Ahead of 59% of peers |
| Loans to deposits Net loans and leases over total deposits. | 62.16% | 77.55% | Context |
What it means for lending operations
Its efficiency ratio of 65.05% is above the 62.39% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Arcadian Bank Hartland, MN · $242M
- Center National Bank Litchfield, MN · $243M
- First Farmers & Merchants National Bank Luverne, MN · $243M
- United Farmers State Bank Adams, MN · $234M
- Cornerstone State Bank Montgomery, MN · $247M
- Security State Bank of Marine Marine On St. Croix, MN · $233M
Questions about BANKWEST
How big is BANKWEST?
BANKWEST, established in 1948, is headquartered in Rockford, MN. It reported $240M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is BANKWEST's return on assets?
1.32% annualized in Q2 2026, against a 1.30% median for 101 MN banks with half to twice its assets, ahead of 51% of them.
What is BANKWEST's efficiency ratio?
65.05% in Q2 2026: it spent about 65 cents in noninterest expense for each dollar of revenue. The peer median is 62.39%, and lower is better.
Is BANKWEST growing its loans?
Net loans grew 7.4% over the year to Q2 2026, while deposits shrank 3.3%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.