American Bank & Trust is headquartered in Wessington Sprin and is the 13th largest bank in the state of South Dakota. It is also the 790th largest bank in the nation. It was established in 1892 and as of December of 2021, it had grown to 160 employees at 16 locations. American Bank & Trust has an A+ health rating.
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Great Local Bank
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
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.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1117 |
| Year Established | 1892 |
| Employees | 160 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.87% |
| Return on Equity - YTD | 19.58% |
| Annual Interest Income | $45.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $1.32B$1.15B |
| Loans | Q4 2021vs Q4 2020 | $854.9MM$777.0MM |
| Deposits | Q4 2021vs Q4 2020 | $1.14B$974.4MM |
| Equity Capital | Q4 2021vs Q4 2020 | $130.6MM$114.1MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $13.3MM$13.1MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $71.00K$127.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |
