American Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, American Bank & Trust of Sioux Falls, SD reported 829 mortgage applications totaling $207.7 million, down 10% from 2020. The average application was for $250,500, and applicants reported an average income of $142,823. 85% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Sioux Falls, SD (303), Phoenix-Mesa-Scottsdale, AZ (6) and Rapid City, SD (5) (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 | 829 |
| Total Mortgage Loan Application Amount | $207,665,000 |
| Average Mortgage Loan Application Amount | $250,500 |
| Highest Mortgage Loan Application Amount | $4,705,000 |
| Average Applicant Income | $142,823 |
| Highest Applicant Income | $2,356,000 |
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(HMDA) records American Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 484 | $ 109,830,000 | $ 226,921 | $ 134,861 |
| Sioux Falls, SD | 303 | $ 82,305,000 | $ 271,633 | $ 138,000 |
| Phoenix-Mesa-Scottsdale, AZ | 6 | $ 1,820,000 | $ 303,333 | $ 133,000 |
| Rapid City, SD | 5 | $ 1,905,000 | $ 381,000 | $ 586,000 |
| Sioux City, IA-NE-SD | 4 | $ 750,000 | $ 187,500 | $ 60,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 1,795,000 | $ 598,333 | $ 282,000 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 2,335,000 | $ 778,333 | $ 914,000 |
| Bend-Redmond, OR | 2 | $ 660,000 | $ 330,000 | $ 148,000 |
| Greeley, CO | 2 | $ 820,000 | $ 410,000 | $ 184,000 |
| Abilene, TX | 1 | $ 165,000 | $ 165,000 | $ 112,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 415,000 | $ 415,000 | $ 109,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 375,000 | $ 375,000 | $ 120,000 |
| Columbus, OH | 1 | $ 465,000 | $ 465,000 | $ 139,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 395,000 | $ 395,000 | $ 290,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 225,000 | $ 225,000 | $ 56,000 |
| Evansville, IN-KY | 1 | $ 265,000 | $ 265,000 | $ 159,000 |
| Fort Collins, CO | 1 | $ 425,000 | $ 425,000 | $ 78,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 165,000 | $ 165,000 | $ 108,000 |
| Lakeland-Winter Haven, FL | 1 | $ 135,000 | $ 135,000 | $ 513,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 285,000 | $ 285,000 | $ 278,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 225,000 | $ 225,000 | $ 175,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 755,000 | $ 755,000 | $ 385,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 215,000 | $ 215,000 | $ 290,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 275,000 | $ 275,000 | $ 223,000 |
| Sebastian-Vero Beach, FL | 1 | $ 415,000 | $ 415,000 | $ 140,000 |
| Tulsa, OK | 1 | $ 245,000 | $ 245,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for American Bank & Trust in 2021
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 | 419 | $107,585,000 | $256,000 | $3,495,000 | $131,000 | $2,356,000 |
| Refinancing | 200 | $43,390,000 | $216,000 | $885,000 | $156,000 | $1,245,000 |
| Cash-out Refinancing | 181 | $47,125,000 | $260,000 | $2,495,000 | $145,000 | $2,356,000 |
| Home Improvement | 17 | $7,235,000 | $425,000 | $4,705,000 | $95,000 | $201,000 |
| Other Purpose | 12 | $2,330,000 | $194,000 | $545,000 | $371,000 | $2,356,000 |
| 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 | 655 | $154,385,000 | $235,000 | $2,495,000 | $140,000 | $2,356,000 |
| Not Provided | 82 | $20,650,000 | $251,000 | $1,005,000 | $183,000 | $2,356,000 |
| Not applicable | 44 | $21,730,000 | $493,000 | $4,705,000 | $0 | $0 |
| Hispanic | 19 | $3,745,000 | $197,000 | $425,000 | $89,000 | $278,000 |
| Asian | 10 | $2,710,000 | $271,000 | $445,000 | $154,000 | $464,000 |
| American Indian or Alaskan Native | 8 | $1,230,000 | $153,000 | $235,000 | $56,000 | $127,000 |
| Black or African American | 5 | $1,475,000 | $295,000 | $415,000 | $178,000 | $307,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $125,000 | $125,000 | $125,000 | $76,000 | $76,000 |
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) | 742 | $191,500,000 | $258,000 | $4,705,000 | $154,000 | $2,356,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $6,205,000 | $151,000 | $285,000 | $51,000 | $101,000 |
| FHA-insured (Federal Housing Administration) | 34 | $6,280,000 | $184,000 | $325,000 | $59,000 | $128,000 |
| VA-guaranteed (Veterans Administration) | 12 | $3,680,000 | $306,000 | $535,000 | $89,000 | $228,000 |
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 | 701 | $176,165,000 | $251,000 | $4,705,000 | $145,000 | $2,356,000 |
| Application Withdrawn By Applicant | 95 | $25,305,000 | $266,000 | $1,005,000 | $152,000 | $2,356,000 |
| Application Denied By Financial Institution | 32 | $5,920,000 | $185,000 | $525,000 | $64,000 | $300,000 |
| File Closed For Incompleteness | 1 | $275,000 | $275,000 | $275,000 | $741,000 | $741,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 797 | $201,745,000 | $253,000 | $4,705,000 | $146,000 | $2,356,000 |
| Debt-To-Income Ratio | 19 | $3,735,000 | $196,000 | $525,000 | $63,000 | $300,000 |
| Credit History | 11 | $1,955,000 | $177,000 | $355,000 | $70,000 | $177,000 |
| Unverifiable Information | 1 | $95,000 | $95,000 | $95,000 | $0 | $0 |
| Collateral | 1 | $135,000 | $135,000 | $135,000 | $77,000 | $77,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Bank & Trust's 2021 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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