American Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, American Bank & Trust of Sioux Falls, SD reported 437 mortgage applications totaling $111.5 million, up 49% from 2018. The average application was for $255,205, and applicants reported an average income of $120,855. 84% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Sioux Falls, SD (207), Minneapolis-St. Paul-Bloomington, MN-WI (3) and Charlotte-Concord-Gastonia, NC-SC (2) (applications in parentheses).
| Mortgage Company & Address | American Bank & Trust 120 E Main Street Sioux Falls, SD 57108 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 437 |
| Total Mortgage Loan Application Amount | $111,525,000 |
| Average Mortgage Loan Application Amount | $255,205 |
| Highest Mortgage Loan Application Amount | $16,405,000 |
| Average Applicant Income | $120,855 |
| Highest Applicant Income | $1,700,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Minnehaha, South Dakota | 130 | $ 31,210,000 | $ 240,076 | $ 124,000 |
| Lincoln, South Dakota | 76 | $ 38,480,000 | $ 506,315 | $ 134,000 |
| Beadle, South Dakota | 65 | $ 8,715,000 | $ 134,076 | $ 98,000 |
| Hughes, South Dakota | 41 | $ 8,095,000 | $ 197,439 | $ 92,000 |
| Kingsbury, South Dakota | 22 | $ 2,870,000 | $ 130,454 | $ 76,000 |
| Hand, South Dakota | 18 | $ 2,650,000 | $ 147,222 | $ 78,000 |
| Stanley, South Dakota | 14 | $ 3,930,000 | $ 280,714 | $ 207,000 |
| Lawrence, South Dakota | 5 | $ 1,685,000 | $ 337,000 | $ 326,000 |
| Brookings, South Dakota | 4 | $ 470,000 | $ 117,500 | $ 182,000 |
| Davison, South Dakota | 4 | $ 560,000 | $ 140,000 | $ 49,000 |
| Day, South Dakota | 4 | $ 840,000 | $ 210,000 | $ 255,000 |
| Miner, South Dakota | 4 | $ 550,000 | $ 137,500 | $ 54,000 |
| Sully, South Dakota | 4 | $ 650,000 | $ 162,500 | $ 97,000 |
| Hennepin, Minnesota | 3 | $ 785,000 | $ 261,666 | $ 126,000 |
| Brown, South Dakota | 3 | $ 905,000 | $ 301,666 | $ 72,000 |
| Moody, South Dakota | 3 | $ 995,000 | $ 331,666 | $ 166,000 |
| Sanborn, South Dakota | 3 | $ 285,000 | $ 95,000 | $ 64,000 |
| Spink, South Dakota | 3 | $ 395,000 | $ 131,666 | $ 76,000 |
| Charles Mix, South Dakota | 2 | $ 350,000 | $ 175,000 | $ 72,000 |
| Codington, South Dakota | 2 | $ 250,000 | $ 125,000 | $ 227,000 |
| Hamlin, South Dakota | 2 | $ 480,000 | $ 240,000 | $ 515,000 |
| Jerauld, South Dakota | 2 | $ 430,000 | $ 215,000 | $ 148,000 |
| Union, South Dakota | 2 | $ 260,000 | $ 130,000 | $ 76,000 |
| Maricopa, Arizona | 1 | $ 205,000 | $ 205,000 | $ 107,000 |
| Mohave, Arizona | 1 | $ 245,000 | $ 245,000 | $ 90,000 |
| Broward, Florida | 1 | $ 1,005,000 | $ 1,005,000 | $ 650,000 |
| Morrison, Minnesota | 1 | $ 155,000 | $ 155,000 | $ 56,000 |
| Nobles, Minnesota | 1 | $ 75,000 | $ 75,000 | $ 42,000 |
| Pipestone, Minnesota | 1 | $ 155,000 | $ 155,000 | $ 75,000 |
| Douglas, Nebraska | 1 | $ 775,000 | $ 775,000 | $ 385,000 |
| Mecklenburg, North Carolina | 1 | $ 265,000 | $ 265,000 | $ 100,000 |
| Stutsman, North Dakota | 1 | $ 365,000 | $ 365,000 | $ 88,000 |
| York, South Carolina | 1 | $ 295,000 | $ 295,000 | $ 123,000 |
| Aurora, South Dakota | 1 | $ 115,000 | $ 115,000 | $ 58,000 |
| Deuel, South Dakota | 1 | $ 95,000 | $ 95,000 | $ 150,000 |
| Edmunds, South Dakota | 1 | $ 115,000 | $ 115,000 | $ 122,000 |
| Faulk, South Dakota | 1 | $ 95,000 | $ 95,000 | $ 96,000 |
| Hanson, South Dakota | 1 | $ 35,000 | $ 35,000 | $ 17,000 |
| Jones, South Dakota | 1 | $ 95,000 | $ 95,000 | $ 81,000 |
| Lake, South Dakota | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Lyman, South Dakota | 1 | $ 135,000 | $ 135,000 | $ 88,000 |
| Meade, South Dakota | 1 | $ 365,000 | $ 365,000 | $ 134,000 |
| Turner, South Dakota | 1 | $ 465,000 | $ 465,000 | $ 111,000 |
| Yankton, South Dakota | 1 | $ 485,000 | $ 485,000 | $ 217,000 |
Mortgage Loan Application Detail Totals for American Bank & Trust in 2019
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 207 | $59,155,000 | $285,000 | $16,405,000 | $109,000 | $920,000 |
| Cash-out Refinancing | 113 | $26,125,000 | $231,000 | $605,000 | $115,000 | $513,000 |
| Refinancing | 111 | $25,905,000 | $233,000 | $735,000 | $145,000 | $1,700,000 |
| Home Improvement | 5 | $325,000 | $65,000 | $115,000 | $208,000 | $677,000 |
| Other Purpose | 1 | $15,000 | $15,000 | $15,000 | $121,000 | $121,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 386 | $82,910,000 | $214,000 | $775,000 | $122,000 | $1,700,000 |
| Not Provided | 23 | $4,465,000 | $194,000 | $375,000 | $96,000 | $257,000 |
| Not applicable | 19 | $21,545,000 | $1,133,000 | $16,405,000 | $0 | $0 |
| Hispanic | 5 | $795,000 | $159,000 | $215,000 | $60,000 | $83,000 |
| Asian | 3 | $1,485,000 | $495,000 | $1,005,000 | $308,000 | $650,000 |
| American Indian or Alaskan Native | 1 | $325,000 | $325,000 | $325,000 | $139,000 | $139,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 374 | $101,240,000 | $270,000 | $16,405,000 | $132,000 | $1,700,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 29 | $3,695,000 | $127,000 | $225,000 | $50,000 | $86,000 |
| FHA-insured (Federal Housing Administration) | 24 | $4,110,000 | $171,000 | $315,000 | $60,000 | $116,000 |
| VA-guaranteed (Veterans Administration) | 10 | $2,480,000 | $248,000 | $445,000 | $87,000 | $173,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 368 | $96,630,000 | $262,000 | $16,405,000 | $123,000 | $1,700,000 |
| Application Withdrawn By Applicant | 48 | $10,210,000 | $212,000 | $1,005,000 | $123,000 | $660,000 |
| Application Denied By Financial Institution | 21 | $4,685,000 | $223,000 | $735,000 | $76,000 | $375,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 437 | $111,525,000 | $255,000 | $16,405,000 | $121,000 | $1,700,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Bank & Trust's 2019 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess American Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in South Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
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