A basaltic rock composed of olivine and clinopyroxene phenocrysts in a groundmass of labradorite with alkali feldspar rims, olivine, clinopyroxene, some leucite, and possibly quartz. Banakite grades into shoshonite with an increase in olivine and clinopyroxene and with less alkali feldspar, and into absarokite with more olivine and clinopyroxene. It was named by Iddings in 1895 from the Bannock (or Robber) Indians.