American Bank & Trust


Overview / Commentary
605-539-1222
120 East Main Street
Wessington Springs, SD 57382

American Bank & Trust is headquartered in Wessington Sprin and is the 14th largest bank in the state of South Dakota. It is also the 829th largest bank in the nation. It was established in 1892 and as of December of 2020, it had grown to 145 employees at 14 locations. American Bank & Trust has an A+ health rating.

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
A+

Health Grade Components

Overall
FDIC Certificate #1117
Year Established1892
Employees145
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.72%
Return on Equity - YTD16.82%
Annual Interest Income$42.3MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.15B$985.3MM
LoansQ4 2020vs Q4 2019$777.0MM$700.2MM
DepositsQ4 2020vs Q4 2019$974.4MM$842.2MM
Equity CapitalQ4 2020vs Q4 2019$114.1MM$98.1MM
Loan Loss AllowanceQ4 2020vs Q4 2019$13.1MM$8.8MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$127.00K$1.4MM
Real Estate OwnedQ4 2020vs Q4 2019$0$10.00K
Rates

Sorry, we do not have rate data for American Bank & Trust.

Locations

Availability

Sioux Falls Area

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