American Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, American Bank & Trust of Sioux Falls, SD reported 776 mortgage applications totaling $288.4 million, down 6% from 2021. The average application was for $371,585, and applicants reported an average income of $131,172. 76% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Sioux Falls, SD (226), Phoenix-Mesa-Scottsdale, AZ (6) and Sioux City, IA-NE-SD (6) (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 | 776 |
| Total Mortgage Loan Application Amount | $288,350,000 |
| Average Mortgage Loan Application Amount | $371,585 |
| Highest Mortgage Loan Application Amount | $29,505,000 |
| Average Applicant Income | $131,172 |
| Highest Applicant Income | $1,284,000 |
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(HMDA) records American Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 508 | $ 128,490,000 | $ 252,933 | $ 112,031 |
| Sioux Falls, SD | 226 | $ 76,280,000 | $ 337,522 | $ 159,000 |
| Phoenix-Mesa-Scottsdale, AZ | 6 | $ 2,020,000 | $ 336,666 | $ 206,000 |
| Sioux City, IA-NE-SD | 6 | $ 770,000 | $ 128,333 | $ 69,000 |
| Rapid City, SD | 5 | $ 55,355,000 | $ 11,071,000 | $ 78,000 |
| Fargo, ND-MN | 3 | $ 715,000 | $ 238,333 | $ 164,000 |
| Trenton, NJ | 3 | $ 1,235,000 | $ 411,666 | $ 184,000 |
| Ames, IA | 2 | $ 330,000 | $ 165,000 | $ 189,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 720,000 | $ 360,000 | $ 271,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 1,310,000 | $ 655,000 | $ 282,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 455,000 | $ 455,000 | $ 132,000 |
| Boise City, ID | 1 | $ 265,000 | $ 265,000 | $ 150,000 |
| Colorado Springs, CO | 1 | $ 655,000 | $ 655,000 | $ 197,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 105,000 | $ 105,000 | $ 308,000 |
| Des Moines-West Des Moines, IA | 1 | $ 17,625,000 | $ 17,625,000 | $ 0 |
| Jacksonville, FL | 1 | $ 395,000 | $ 395,000 | $ 176,000 |
| Madison, WI | 1 | $ 155,000 | $ 155,000 | $ 134,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 75,000 | $ 75,000 | $ 340,000 |
| Niles-Benton Harbor, MI | 1 | $ 175,000 | $ 175,000 | $ 108,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 325,000 | $ 325,000 | $ 194,000 |
| Port St. Lucie, FL | 1 | $ 365,000 | $ 365,000 | $ 120,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 145,000 | $ 145,000 | $ 236,000 |
| Topeka, KS | 1 | $ 385,000 | $ 385,000 | $ 225,000 |
Mortgage Loan Application Detail Totals for American Bank & Trust in 2022
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 | 517 | $210,955,000 | $408,000 | $25,005,000 | $131,000 | $1,250,000 |
| Refinancing | 132 | $53,600,000 | $406,000 | $29,505,000 | $138,000 | $659,000 |
| Cash-out Refinancing | 75 | $16,535,000 | $220,000 | $665,000 | $104,000 | $576,000 |
| Other Purpose | 33 | $4,595,000 | $139,000 | $425,000 | $112,000 | $389,000 |
| Home Improvement | 19 | $2,665,000 | $140,000 | $445,000 | $229,000 | $1,284,000 |
| 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 | 538 | $134,290,000 | $249,000 | $2,005,000 | $128,000 | $1,250,000 |
| Not applicable | 130 | $127,620,000 | $981,000 | $29,505,000 | $0 | $0 |
| Not Provided | 53 | $13,845,000 | $261,000 | $1,055,000 | $167,000 | $1,284,000 |
| Hispanic | 32 | $6,350,000 | $198,000 | $665,000 | $108,000 | $455,000 |
| Asian | 16 | $3,810,000 | $238,000 | $415,000 | $160,000 | $1,018,000 |
| Black or African American | 3 | $1,505,000 | $501,000 | $985,000 | $119,000 | $238,000 |
| American Indian or Alaskan Native | 3 | $665,000 | $221,000 | $275,000 | $79,000 | $87,000 |
| 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) | 686 | $268,580,000 | $391,000 | $29,505,000 | $140,000 | $1,284,000 |
| FHA-insured (Federal Housing Administration) | 46 | $10,190,000 | $221,000 | $425,000 | $71,000 | $235,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 30 | $4,700,000 | $156,000 | $285,000 | $63,000 | $106,000 |
| VA-guaranteed (Veterans Administration) | 14 | $4,880,000 | $348,000 | $1,335,000 | $99,000 | $320,000 |
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 | 592 | $247,660,000 | $418,000 | $29,505,000 | $133,000 | $1,018,000 |
| Application Withdrawn By Applicant | 152 | $34,050,000 | $224,000 | $1,055,000 | $129,000 | $1,250,000 |
| Application Denied By Financial Institution | 32 | $6,640,000 | $207,000 | $655,000 | $105,000 | $1,284,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 744 | $281,710,000 | $378,000 | $29,505,000 | $132,000 | $1,250,000 |
| Debt-To-Income Ratio | 15 | $3,585,000 | $239,000 | $505,000 | $49,000 | $120,000 |
| Credit History | 13 | $2,385,000 | $183,000 | $655,000 | $82,000 | $300,000 |
| Collateral | 2 | $200,000 | $100,000 | $145,000 | $74,000 | $85,000 |
| Credit Application Incomplete | 1 | $245,000 | $245,000 | $245,000 | $1,284,000 | $1,284,000 |
| Other | 1 | $225,000 | $225,000 | $225,000 | $105,000 | $105,000 |
| Unverifiable Information | 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 2022 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.
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with aggregated HMDA statistics today.
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