Dakota Western Bank, Financial Information

AboutDakota Western Bank

 Address:
202 South Main Street
Bowman,ND
Bowman County,North Dakota
 Established:
Jan 1910
 Number of domestic offices:
5
Agriculture bank
Total assets$301M
Net income$5M
Net income,quarterly$2M
Total deposits$251M
Domestic deposits$251M
Equity capital$36M
ROA1.81%
ROAQ,quarterly2.06%
ROA,pretax2.06%
ROAQ,quarterly,pretax2.06%
ROE15.81%
ROEQ,quarterly17.16%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Dakota Western Bank was originally chartered as the Farmers State Bank of Buffalo Springs, ND in 1910. In 1922 that charter was moved to Rhame and the name changed to The Bank of Rhame. From a total of fourteen banks operating between Gascoyne and Marmarth, the Bank of Rhame was one of two that survived.

The Bank of Rhame moved its charter to Bowman, was renamed Dakota Western Bank, and opened the new bank building on November 15, 1976. The Bank maintains a paying and receiving station in Rhame.

As of November 1, 1996, the Bank opened a branch in Scranton, ND and operated out of temporary facilities until construction was completed on the new building on March 17, 1997.

West River State Bank of Hettinger was purchased by Dakota Western Bank on July 13, 2000. The two banks merged effective March 8, 2001. A major renovation of the Hettinger Branch was completed in 2008.

The Loan Department of the Bowman Branch moved to their current location at 11 North Main Street, Bowman, on April 1, 2002. The Operations Department remains at the original building, the South Branch, where the interior was completely updated in 2006. Dakota Western Bank is affiliated with Dakota Western Insurance.

Bowman Operations Department
202 South Main
PO BOX D
Bowman, ND 58623
701-523-5803
1-888-523-5616

Bowman Loan Department
11 North Main
PO Box D
Bowman, ND 58623
701-523-5616
1-888-523-5616

Rhame
#1 Hwy 12
Rhame, ND 58651
701-279-5534

Hettinger
603 Adams Ave
PO Box 909
Hettinger, ND 58639
701-567-4511
888-567-4511

Scranton
PO Box 7
307 Hwy 67N
Scranton, ND 58653
701-275-6300