Great Western Bank

Our records indicate that this bank has been acquired by First Interstate Bank.

Headquarters

225 S. Main Ave.
Sioux Falls, SD 57104
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Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.80% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Reviewed by Rick | January 23, 2022 |

CDs 12 Month Rates

I left this bank for 2 reasons. First, they closed some of their branch banks on Saturday without notifying customers ahead of time. Secondly, I had a CD with them and wanted the bank to be relatively close to what other banks were offering on interest. No dice. The gentleman did not even provide a figure. So I closed my accounts with them that day. This bank is NOT customer friendly like it used to be.

Overview
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Bank Information

Great Western Bank is an FDIC insured institution located in Sioux Falls, SD. It was founded in 1935 and has approximately $13.34 billion in assets. Customers can open an account at one of its 189 branches.


FDIC Insured	Yes
FDIC Certificate	# 15289
Date Established	1935
Assets	$ 12.91 billion
Loans	$ 7.90 billion
Deposits	$ 11.79 billion
Capital	$ 1,298.06 million

For a more detailed analysis of Great Western Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Great Western Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 66247	6.576%	6.500% 0.75 points $2,544 fees	$2,023	Learn More
NMLS ID: 1025894	6.953%	6.875% 0.63 points $2,534 fees	$2,103	Learn More
NMLS ID: 1907	7.093%	7.000% 1.00 points $3,002 fees	$2,129	Learn More
NMLS ID: 3030	7.225%	7.125% 1.00 points $3,200 fees	$2,156	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Achieve Loans See Table	Intro APR 10.625 % After Intro: 10.625 %	$0	Learn More More Info
All terms are estimates until underwriting is complete. Offer shown includes a .50% discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). 10, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (2.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan-to-value ratio may not exceed 80%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Offers are only valid in states where Achieve is licensed. Loans are not available to residents of all states and available loan terms and fees may vary by state where offered. Contact Achieve Loans for further details. Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 640

See More Home Equity Rates →

Note to Great Western Bank
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Branches

Great Western Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio

Great Western Bank Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
321 North Third Street Branch	433.50	A	View Lobby Hours
Roosevelt & Kirkwood Branch	435.60	B	View Lobby Hours
102 S Main Branch	458.68	C	View Lobby Hours
North Liberty Branch	472.74	D	View Lobby Hours
Grinnell Branch	529.98	E	View Lobby Hours
Unionville Branch	531.76	F	View Lobby Hours
Sully Branch	533.77	G	View Lobby Hours
Milan Branch	536.55	H	View Lobby Hours
Gladbrook Branch	537.46	I	View Lobby Hours
Southridge Branch	544.29	J	View Lobby Hours
F&M Bank-Iowa Central Branch	544.82	K	View Lobby Hours
Newton Branch	545.99	L	View Lobby Hours
Chariton Branch	551.25	M	View Lobby Hours
Corydon Branch	552.41	N	View Lobby Hours
Prairie City Branch	554.16	O	View Lobby Hours
Humeston Branch	559.90	P	View Lobby Hours
Eldora Branch	560.41	Q	View Lobby Hours
Princeton Branch	560.79	R	View Lobby Hours
Carlisle Branch	565.92	S	View Lobby Hours
Altoona Branch	568.37	T	View Lobby Hours
404 Lincoln Way Branch	572.19	U	View Lobby Hours
Leon Branch	572.19	V	View Lobby Hours
Euclid Branch	573.60	W	View Lobby Hours
Ankeny Branch	573.71	X	View Lobby Hours
Osceola Branch	575.83	Y	View Lobby Hours
Ames Branch	580.12	Z	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

Great Western Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

Great Western Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Great Western Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

Great Western Bank	U.S. Bank Average
11.54%	4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Great Western Bank had $159,297,000 in non-current loans and $17,840,000 in owned real estate. To cover these potential losses it had $1,298,061,000 in equity and $236,320,000 in loans loss reserves. That gives it a Texas Ratio of 11.54%.

Return on Equity

Great Western Bank	U.S. Bank Average
18.65%	10.46%

Great Western Bank has a Return on Equity of 18.65% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

Great Western Bank	U.S. Bank Average
10.06%	10.84%

Great Western Bank has a Capitalization of 10.06% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Great Western Bank Balance Sheet Analysis

As of December 31, 2021, Great Western Bank had assets of $13,339,325,000, loans of $7,897,923,000, and deposits of $11,788,092,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 1,936.77 million
Interest-bearing balances	$ 1,815.00 million
Total securities	$ 2.81 billion
Federal funds sold and reverse repurchase	$ 101.86 million
Net loans and leases	$ 7.90 billion
Loan loss allowance	$ 236.32 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 17.84 million
Goodwill and other intangibles	$ 5.49 million
All other assets	$ 434.09 million
Total Assets	$ 12.04 billion

LIABILITIES
Total deposits	$ 11.79 billion
Interest-bearing deposits	$ 8.89 billion
Deposits held in domestic offices	$ 11.79 billion
% insured (estimated)	59.83%
Federal funds purchased and repurchase agreements	$ 72.44 million
Trading liabilities	N.A.
Other borrowed funds	$ 120.00 million
Subordinated debt	N.A.
All other liabilities	$ 60.73 million
Total Liabilities	$ 12.04 billion
Shareholders’ Equity	$ 865.91 million

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 407.53 million
Total Interest Expense	$ 16.82 million
Net interest income	$ 390.71 million
Provision for loan and lease losses	N.A.
Total non interest income	$ 71.76 million
Total non interest expense	$ 237.47 million
Pre-tax Net Operating Income	$ 270.57 million

Bank Loan Profile^?

The top three loan types in Great Western Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks in South Dakota, Great Western Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

	% Loans	% Comparison to Other Banks
		Low	Med	High
1-4 Family Residential Loans	8.11		✓
Multifamily Mortgages	6.48		✓
Credit Card Loans	0.16		✓
Consumer Auto Loans	0.17		✓
Small Business Loans	5.10		✓
Construction and Development Loans	5.96		✓
Commercial Real Estate	39.93			✓
Commercial and Industrial Loans	13.52		✓
Farm Loans	10.43		✓

Customer Reviews for Great Western Bank

Rick

January 23, 2022 |

CDs 12 Month Rates

I left this bank for 2 reasons. First, they closed some of their branch banks on Saturday without notifying customers ahead of time. Secondly, I had a CD with them and wanted the bank to be relatively close to what other banks were offering on interest. No dice. The gentleman did not even provide a figure. So I closed my accounts with them that day. This bank is NOT customer friendly like it used to be.

Is this review helpful? Yes:0 / No: 0
Marion

August 22, 2021

GREAT WESTERN is making big changes to individual checking accounts
First they eliminating all VIP interest checking accounts
Fees will be charged for paper statements
Cashiers checks 9$
Monthly service charges unless your 1= your over 60, 2= your monthly deposits must total 250$ per statement cycle 3= must maintain $1000.00 per statement

This is definitely not a friendly bank for retirees nor anyone who only receives a small monthly social security check to live on

Is this review helpful? Yes:0 / No: 0
eric lie

March 7, 2020

do not let a cd automaticaly rollover-you will not be given a fair rate

Is this review helpful? Yes:0 / No: 0
Mom2thirteen

October 15, 2018 |

VOID THIS BANK! I have had a savings account for many years. I went in to close the account. It took the lady forever typing away...putting in the account number multiple times. Finally a check pops out of the printer. I told her I didn't want a check, I wanted cash (it wasn't much money). She tells me that it automatically prints out a check. I reiterated that I wanted cash. She proceeds to tell me that in order to cash the check they will have to charge me a fee because I no longer have an account at that bank. This is a check that was written with their bank name all over it. This is an amount of money that they know was in their bank 15 minutes ago...so it isn't going to over draft. This is all about getting every single cent in fees that they can get. I am beyond upset! I would NEVER EVER give them another single cent!!!!

Is this review helpful? Yes:2 / No: 0

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