Great Western Bank

Established in 1935

About Great Western Bank

Great Western Bank was established on 1935. The bank's headquarters are located at 225 S. Main Ave. in Sioux Falls, South Dakota.

Great Western Bank is an FDIC insured bank with FDIC number 15289 managing assets to the value of $12,809,603 as of 12/31/2020.

Great Western Bank has a Texas ratio of 21.48%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

21.48%
Texas Ratio
FDIC Certificate #

15289

Active Insured Since #

11/10/1935

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $12,809,603
Equity Capital $1,136,666
Total Deposits $11,407,422
Total Liabilities $11,672,937
Total Securities $2,059,997
Net Loans And Leases $9,209,082
Loan Loss Allowance $308,794
Total Loans And Leases $9,547,049
YTD (as of 12/31/2020)
Return On Assets -5.28%
Return On Equity -49.56%
Total Interest Income $478,429
Total Interest Expense $51,450
Total Non Interest Income -$21,783
Total Non Interest Expense $987,383

Headquarters

225 S. Main Ave. 57104, Sioux Falls

Great Western Bank branches near me

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Total Loans and Leases Statistics

Total Loans and Leases $9,547,049 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Great Western Bank Mortgage Loans Profile

Classic Bank

63.78%

Application Approval Rate

Classic Bank

$163,790

Average Mortgage Loan Amount

Classic Bank

4,859

Number of Loan Applications

Classic Bank

$114,661

Average Income of Applicants with Approved Loans

Classic Bank

1.42%

Average Cost of Loans

Classic Bank

31.99%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Minnehaha

Number of Loan Applications
469
Average Loan Amount
$162,875
Approval Rate
68.23%
Average Income of Approved Loans’ Applicants
$121,171

2 Douglas

Number of Loan Applications
326
Average Loan Amount
$179,146
Approval Rate
62.88%
Average Income of Approved Loans’ Applicants
$137,339

3 Codington

Number of Loan Applications
244
Average Loan Amount
$154,771
Approval Rate
71.72%
Average Income of Approved Loans’ Applicants
$86,364

4 Lancaster

Number of Loan Applications
228
Average Loan Amount
$175,419
Approval Rate
73.25%
Average Income of Approved Loans’ Applicants
$80,731

5 Lincoln

Number of Loan Applications
180
Average Loan Amount
$219,031
Approval Rate
71.67%
Average Income of Approved Loans’ Applicants
$148,856

6 Polk

Number of Loan Applications
168
Average Loan Amount
$197,917
Approval Rate
57.14%
Average Income of Approved Loans’ Applicants
$164,883

Top States by Number of Mortgage Loan Applications

1 South Dakota

Number of Loan Applications
1,714
Average Loan Amount
$156,005
Approval Rate
68.49%
Average Income of Approved Loans’ Applicants
$105,097

2 Nebraska

Number of Loan Applications
1,301
Average Loan Amount
$143,819
Approval Rate
63.11%
Average Income of Approved Loans’ Applicants
$101,350

3 Iowa

Number of Loan Applications
1,269
Average Loan Amount
$121,555
Approval Rate
61.07%
Average Income of Approved Loans’ Applicants
$99,716

4 Colorado

Number of Loan Applications
258
Average Loan Amount
$315,993
Approval Rate
54.65%
Average Income of Approved Loans’ Applicants
$263,115

5 Arizona

Number of Loan Applications
90
Average Loan Amount
$361,078
Approval Rate
56.67%
Average Income of Approved Loans’ Applicants
$275,000

6 Missouri

Number of Loan Applications
85
Average Loan Amount
$139,000
Approval Rate
47.06%
Average Income of Approved Loans’ Applicants
$71,606