American Bank & Trust · South Dakota · 2025

American Bank & Trust in South Dakota: approval rate, denial rate and rates (2025)

American Bank & Trust took 613 mortgage applications in South Dakota in 2025, ranking #12 of 386 lenders active in the state. It originated 68.0% of them and denied 11.9% (14.9% of the applications it decided), against a statewide denial rate of 12.8%.

613Applicationsin SD
14.9%Decision denial ratestate 15.7%
6.63%Median ratestate 6.50%
$215,000Median loanstate $225,000
$145MVolume42 counties

American Bank & Trust in South Dakota vs the state

11.9%Denial rate-0.84 pts vs state
14.9%Decision denial rate-0.86 pts vs state
68.0%Origination rate+1.99 pts vs state
6.63%Median rate+0.13 pts vs state
0.08Rate spread (pts)-0.11 pts vs state
$94kMedian applicant income
417Loans originated
73Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234533595.5%6.50%#14
202455935714.1%6.63%#12
202561341711.9%6.63%#12

What American Bank & Trust lends in South Dakota

By loan purpose

Home purchase 460 75% · 10.7% denied
Refinance 69 11% · 13.0% denied
Cash-out refinance 38 6% · 15.8% denied
Home improvement 22 4% · 13.6% denied
Other / HELOC 24 4% · 25.0% denied

By loan type

Conventional 480 78% · 8.3% denied
FHA 86 14% · 27.9% denied
VA 26 4% · 15.4% denied
USDA / RHS 21 3% · 23.8% denied

Why it denied South Dakota applicants

Credit history 32 44%
Debt-to-income ratio 27 37%
Collateral 5 7%
Other 4 5%
Insufficient cash 3 4%
Employment history 1 1%
Unverifiable information 1 1%

Where in South Dakota

Counties with the most American Bank & Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Minnehaha County 1157514 12.2%
Beadle County 1026018 17.6%
Codington County 95826 6.3%
Lincoln County 63514 6.3%
Brown County 39294 10.3%
Hughes County 31231 3.2%
Hand County 23107 30.4%
Kingsbury County 21122 9.5%
Jerauld County 952 22.2%
Spink County 833 37.5%

Other large lenders in South Dakota

LenderGradeApplicationsDenial rateMedian rate
Plains Commerce BankB 2,2805.5%6.25%
First PREMIER BankC 1,38911.7%6.88%
First Bank & TrustC 1,32011.2%6.63%
Black Hills Federal Credit UnionD 1,22323.0%7.75%
Rocket MortgageC 1,02716.9%6.75%
CMG MortgageA 9192.3%6.38%
BankwestF 78614.0%7.25%
First Dakota National BankA 6904.6%6.50%
Levo Federal Credit UnionB 6446.8%7.50%
U.S. BankD 63724.0%6.99%

Frequently asked questions

South Dakota: 613 applications in 2025, of which 417 were originated and 73 denied.

11.9% of all applications, or 14.9% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans American Bank & Trust originated in South Dakota in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are American Bank & Trust's own HMDA filing for properties located in South Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology