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American Bank & Trust

Bank•Sioux Falls, SDHQ•Direct•Reviews near you on Google

American Bank & Trust has 268 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional
Place
Strong
4/5
Multi-Region · 1 mkts
Safe Rate Awards
FHA Superstar
FHA
Superstar

Safe Rate Summary

What They Do Well

  • Offers rates 9.80 basis points below market average

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Report Card

American Bank & Trust performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 9.8 bps below market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 2 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Strong
Pull Through
Sound
Volume210
Mix78.4%
Spread
-0.110%Below
Fees
$2,291Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Exceptional
Pull Through
Sound
Volume42
Mix15.7%
Spread
+0.101%Above
Fees
$1,462Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Sound
Pricing
Strong
Pull Through
Sound
Volume218
Mix81.3%
Spread
-0.034%Below
Fees
$2,089Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Strong
Pull Through
Sound
Volume50
Mix18.7%
Spread
-0.335%Below
Fees
$2,437Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
268
Applications
458
Volume
$77 million
Pricing & Closing
Avg Rate Spread
-0.098%
vs. market APOR
Avg Net Fees
$2,163
Origination − Credits
Pullthrough Rate
58.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$289,552
Avg Borrower Income
$177,631
Avg Property Value
$408,619

Geographic Coverage

Geographic Performance

Metro Areas
1
markets with activity
States Served
12
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

12
12 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest6
IAMNMONDNESD
South3
FLNCTX
West3
AZCAWY

Top Metro Areas by Place Specialization Score

1© inkknife_2000 (7.5 million views +) · CC BY-SA 2.0
Sioux Falls, SD, SD-MNMetro
Volume 73Mix 27.24% of portfolio
72/100
Strong

Top States by Place Specialization Score

South Dakota
South Dakota
1
South DakotaState
Volume 243Mix 90.67% of portfolio
86/100
Exceptional
Minnesota
Minnesota
2
MinnesotaState
Volume 11Mix 4.10% of portfolio
42/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.