Applications / Mortgage Analytics / Lenders / South Dakota / American Bank & Trust
Sioux Falls, SD · State non-member bank · FDIC · $2.1 billion assets · 443 loans in 2025
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443
loans originated, 2025
663
applications, 2025
13
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
American Bank & Trust, of Sioux Falls, SD, makes government-backed loans that banks of its size mostly avoid, and its share of the Sioux City market jumped from 0.1% to 3.6% in 2025.
Loans insured by the Federal Housing Administration (FHA) made up 9.3% of its lending. Those guaranteed by the Department of Veterans Affairs (VA) took 3.6%, and those guaranteed by the Department of Agriculture's Rural Housing Service (RHS) 3.2%. Most similar lenders, state non-member banks making between half and twice as many loans, made none. Home purchases made up 74.3% of its loans.
It entered Sioux City, IA-NE-SD in 2019 and now ranks 10 of 167 lenders there. In Sioux Falls, MN-SD it ranked 10 of 204, with 2.1%, up from 1.8%; Plains Commerce Bank led. It ranked 3 of 239 in non-metro South Dakota.
Low- and moderate-income (LMI) borrowers took 36.3% of its loans, against 28.0% at peers, more than at about four in five of them, and up from 19.6% five years before. Its shares in LMI neighborhoods, 11.5%, and majority-minority neighborhoods, 0.4%, were lower than peers'. Much of its lending is in non-metro South Dakota, and that may reflect the places it serves.
Its loans rose 12% to 443, against 9% at similar lenders. That is still well below the 791 it made in 2020.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. American Bank & Trust took 663 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 74.3% · Refinance 19.0% · Other 3.6% · Home improvement 3.2%
Conventional 84.0% · FHA 9.3% · VA 3.6% · USDA (RHS or FSA) 3.2% · of 443 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| South Dakota | 417 | 94.1% |
| Minnesota | 7 | 1.6% |
| Iowa | 6 | 1.4% |
| Arizona | 3 | 0.7% |
| North Dakota | 2 | 0.5% |
| Colorado | 1 | 0.2% |
| Idaho | 1 | 0.2% |
| Maine | 1 | 0.2% |
| Montana | 1 | 0.2% |
| Nebraska | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Sioux Falls | 129 |
| Sioux City | 7 |
| Phoenix-Mesa-Chandler | 3 |
| Rapid City | 3 |
| Fargo | 1 |
| Omaha | 1 |
| Portland-Vancouver-Hillsboro | 1 |
| Seattle-Bellevue-Kent | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300T03X096VF60C57 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 275358 | 2017–2023 |
| Respondent ID (the HMDA filer code before 2018) | 31117 | 2017–2017 |
Established 1 January 1892. Reported under HMDA 2017-2025.
Mergers, name changes, data editions and corrections: American Bank & Trust's data.
American Bank & Trust's data
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