American Bank & Trust

Overview / Commentary
120 E. Main St.
Wessington Springs, SD 57382

American Bank & Trust is headquartered in SIOUX FALLS and is the 10th largest bank in the state of South Dakota. It is also the 650th largest bank in the nation. It was established in 1892 and as of March of 2024, it had grown to 199 employees at 19 locations. American Bank & Trust has an A health rating.

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Reviews (2)

Great Local Bank

Posted by: |

This is a great bank and I have been very pleased with their account services, rates, and lack of fees that other banks often charge. Their employees are very friendly and seem to really care about me being a customer. I always feel welcome when I go the the bank and could not be happier. Definitely recommend to anyone looking for a customer friendly bank that does not "nickel and dime" they was that other banks often do.

Terrible Business

Posted by: |

I've been banking with this bank going on three years. Not once did I receive a monthly statement from them. The one time I ask for it they charge me close to $100. Just for the statements I should have been receiving in the first place. So I call and try to get my money back. Nope. They say, well return the statements then we'll refund it. Still nothing. I call and call and finally talk to the head honcho. "I'll get back to you after I figure it out". Nope. Then I call again. Turns out they won't do a thing to refund me for the statements I should have been receiving in the first place. Won't handle their employees right, won't do businesses with tem again. Ever.


Health Grade Components

FDIC Certificate #1117
Year Established1892
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD12.96%
Annual Interest Income$24MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.75B$1.51B
LoansQ1 2024vs Q1 2023$1.35B$1.15B
DepositsQ1 2024vs Q1 2023$1.56B$1.33B
Equity CapitalQ1 2024vs Q1 2023$141.7MM$128.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$13.6MM$13.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$3.3MM$291K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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American Bank & Trust CD Rates

3.59%$5k-17 Month CD Special


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