American Bank & Trust at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
28th16.0% deniedPricingmedian rate spread over APOR, weight 30%
74th0.08 ptsProcesswithdrawn + incomplete share, weight 15%
20th20.1%Closing coststotal loan costs ÷ loan amount, weight 10%
52nd1.86% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 506 | 396 | 6.1% | 7.2% | 6.50% | $167M |
| 2024 | 624 | 395 | 14.6% | 18.6% | 6.63% | $101M |
| 2025 | 663 | 443 | 12.8% | 16.0% | 6.63% | $156M |
What American Bank & Trust lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 10 manufactured homes, 119 investment properties.
Why American Bank & Trust denies applications
Primary reason reported for each of the 85 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at American Bank & Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 79 | 34 | 45.2% |
| $50k – $100k | 227 | 144 | 18.6% |
| $100k – $150k | 135 | 79 | 15.8% |
| $150k – $250k | 79 | 60 | 7.7% |
| Over $250k | 57 | 44 | 4.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 80 | 46 | 22.0% |
| 25–34 | 172 | 104 | 16.1% |
| 35–44 | 118 | 70 | 20.9% |
| 45–54 | 90 | 61 | 18.7% |
| 55–64 | 57 | 40 | 18.4% |
| 65–74 | 47 | 31 | 18.4% |
| Over 74 | 21 | 14 | 12.5% |
Where American Bank & Trust lends
19 states and 79 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Dakota | 613 | 417 | 11.9% | 6.63% | #12 |
| Minnesota | 17 | 7 | 35.3% | 6.75% | #407 |
| Iowa | 8 | 6 | 0.0% | 7.56% | #383 |
| North Dakota | 6 | 2 | 16.7% | 6.81% | #157 |
Frequently asked questions
American Bank & Trust denied 16.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 28th percentile of small mortgage lenders.
The most common reason American Bank & Trust gave in 2025 was "credit history", cited on 48.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans American Bank & Trust originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.08 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 75% of its applications were for home purchases, 18% for refinancing (including cash-out), and 8% for home improvement or other purposes. By loan type: 79% conventional, 13% FHA, 4% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.