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American Bank & Trust
Bank|Sioux Falls, SD|Multi-Region
Loans Originated
268
Applications
458
Volume
$77 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Sound
Safe Rate Awards⭐FHA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.098%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,163
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
58.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 9.80 basis points below market average
Report Card
American Bank & Trust performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 2 metro areas · 12 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$289,552
Average Borrower Income
$177,631
Average Property Value
$408,619
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Strong | Sound | 210 | 78.4% | -0.110% | $2,291 |
FHA Loans | Strong | Strong | Exceptional | Sound | 42 | 15.7% | +0.101% | $1,462 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Strong | Sound | 218 | 81.3% | -0.034% | $2,089 |
Refinance | Sound | Sound | Strong | Sound | 50 | 18.7% | -0.335% | $2,437 |
Geographic Coverage
Metro Areas
1
States Served
12
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCAFLIAMNMONCNDNESDTXWY
Top Metro Areas by Place Specialization Score
1
Sioux Falls, SD, SD-MNMSA
Volume: 73Mix: 27.24%
Place Specialization
Strong
Top States by Place Specialization Score
1
SDState
Volume: 243Mix: 90.67%
Place Specialization
Exceptional
2
MNState
Volume: 11Mix: 4.10%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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