American Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, American Bank & Trust of Sioux Falls, SD reported 624 mortgage applications totaling $158.3 million, up 23% from 2023. The average application was for $253,669, and applicants reported an average income of $161,953. 63% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Sioux Falls, SD (175), Rapid City, SD (8) and Sioux City, IA-NE-SD (4) (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 | 624 |
| Total Mortgage Loan Application Amount | $158,290,000 |
| Average Mortgage Loan Application Amount | $253,669 |
| Highest Mortgage Loan Application Amount | $2,505,000 |
| Average Applicant Income | $161,953 |
| Highest Applicant Income | $7,245,000 |
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(HMDA) records American Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 420 | $ 95,660,000 | $ 227,761 | $ 133,580 |
| Sioux Falls, SD | 175 | $ 52,695,000 | $ 301,114 | $ 187,000 |
| Rapid City, SD | 8 | $ 2,200,000 | $ 275,000 | $ 129,000 |
| Sioux City, IA-NE-SD | 4 | $ 1,100,000 | $ 275,000 | $ 134,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 975,000 | $ 325,000 | $ 139,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 470,000 | $ 235,000 | $ 32,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 400,000 | $ 200,000 | $ 108,000 |
| Billings, MT | 1 | $ 275,000 | $ 275,000 | $ 0 |
| College Station-Bryan, TX | 1 | $ 165,000 | $ 165,000 | $ 170,000 |
| Corpus Christi, TX | 1 | $ 305,000 | $ 305,000 | $ 134,000 |
| Fargo, ND-MN | 1 | $ 205,000 | $ 205,000 | $ 165,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 405,000 | $ 405,000 | $ 455,000 |
| Pueblo, CO | 1 | $ 325,000 | $ 325,000 | $ 143,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 1,995,000 | $ 1,995,000 | $ 7,245,000 |
| Rochester, MN | 1 | $ 55,000 | $ 55,000 | $ 197,000 |
| St. Louis, MO-IL | 1 | $ 155,000 | $ 155,000 | $ 57,000 |
| Trenton, NJ | 1 | $ 905,000 | $ 905,000 | $ 218,000 |
Mortgage Loan Application Detail Totals for American Bank & Trust in 2024
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 | 445 | $118,275,000 | $265,000 | $2,505,000 | $175,000 | $7,245,000 |
| Refinancing | 93 | $24,945,000 | $268,000 | $1,635,000 | $138,000 | $745,000 |
| Cash-out Refinancing | 41 | $8,605,000 | $209,000 | $675,000 | $99,000 | $425,000 |
| Other Purpose | 24 | $4,120,000 | $171,000 | $905,000 | $123,000 | $760,000 |
| Home Improvement | 21 | $2,345,000 | $111,000 | $425,000 | $159,000 | $450,000 |
| 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 | 482 | $125,820,000 | $261,000 | $2,505,000 | $147,000 | $7,245,000 |
| Not Provided | 49 | $11,355,000 | $231,000 | $995,000 | $287,000 | $967,000 |
| Not applicable | 39 | $8,605,000 | $220,000 | $1,385,000 | $0 | $0 |
| Hispanic | 26 | $3,660,000 | $140,000 | $285,000 | $77,000 | $146,000 |
| Asian | 16 | $6,190,000 | $386,000 | $905,000 | $433,000 | $1,486,000 |
| Black or African American | 6 | $1,870,000 | $311,000 | $365,000 | $100,000 | $153,000 |
| American Indian or Alaskan Native | 6 | $790,000 | $131,000 | $225,000 | $63,000 | $144,000 |
| 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) | 496 | $131,060,000 | $264,000 | $2,505,000 | $186,000 | $7,245,000 |
| FHA-insured (Federal Housing Administration) | 90 | $17,660,000 | $196,000 | $465,000 | $70,000 | $214,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 23 | $3,755,000 | $163,000 | $285,000 | $71,000 | $116,000 |
| VA-guaranteed (Veterans Administration) | 15 | $5,815,000 | $387,000 | $1,265,000 | $133,000 | $252,000 |
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 | 395 | $101,325,000 | $256,000 | $1,995,000 | $199,000 | $7,245,000 |
| Application Withdrawn By Applicant | 135 | $38,625,000 | $286,000 | $2,505,000 | $129,000 | $760,000 |
| Application Denied By Financial Institution | 91 | $17,965,000 | $197,000 | $905,000 | $68,000 | $278,000 |
| Application Approved But Not Accepted | 3 | $375,000 | $125,000 | $185,000 | $94,000 | $121,000 |
| 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 | 533 | $140,325,000 | $263,000 | $2,505,000 | $179,000 | $7,245,000 |
| Credit History | 45 | $7,905,000 | $175,000 | $535,000 | $80,000 | $278,000 |
| Debt-To-Income Ratio | 31 | $6,745,000 | $217,000 | $905,000 | $49,000 | $218,000 |
| Employment History | 6 | $1,280,000 | $213,000 | $315,000 | $47,000 | $75,000 |
| Other | 4 | $1,030,000 | $257,000 | $365,000 | $69,000 | $106,000 |
| Collateral | 2 | $130,000 | $65,000 | $95,000 | $64,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $370,000 | $185,000 | $215,000 | $78,000 | $124,000 |
| Credit Application Incomplete | 1 | $505,000 | $505,000 | $505,000 | $229,000 | $229,000 |
| Unverifiable Information | 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 2024 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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