American Bank Center Mortgage Rates, Fees & Info

Dickinson, ND

LEI: 549300UONVHJ0G6DSL23

Tax ID: 45-0342587

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Mortgage Data

Bank Data

Review & Overview

American Bank Center is a smaller bank specializing in Home Purchase loans. American Bank Center has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Bismarck, Dickinson, Fargo, Minot, and Williston among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Bank Center has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.42% 3/28/24
30 Year Conventional Refi 6.13% 3/28/24
30 Year Cash-out Refi 6.57% 3/28/24
30 Year FHA Purchase 7.69% 3/28/24
30 Year VA Purchase 6.56% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.65% 3/28/24
15 Year Conventional Purchase 6.10% 3/28/24
15 Year Conventional Refi 5.95% 3/28/24
15 Year Cash-out Refi 5.95% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

American Bank Center Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from American Bank Center. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

259

Origination Dollar Volume (All Markets)

$52,235,000

Employee count

315

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
BISMARCK, ND (FHA|USDA|VA) 98 $17,390,000 $177,449 $0 0.00%
Outside of Metro Areas 85 $11,575,000 $136,176 $0 0.00%
Dickinson, ND (FHA|USDA|VA) 52 $10,300,000 $198,077 $0 0.00%
FARGO, ND-MN (FHA|USDA|VA) 4 $7,650,000 $1,912,500 $0 0.00%
Minot, ND (FHA|USDA|VA) 15 $3,625,000 $241,667 $0 0.00%
Williston, ND (FHA|USDA|VA) 3 $1,395,000 $465,000 $0 0.00%
BILLINGS, MT (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
American Bank Center's top markets include Bismarck, Dickinson, Fargo, Minot, and Williston among others.

Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against American Bank Center based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    WESTERN COOPERATIVE CREDIT UNION
    Similarity Rank: 12
    BILLINGS
    Similarity Rank: 48
    Montana Federal Credit Union
    Similarity Rank: 85
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 160
    CAPITAL CREDIT UNION
    Similarity Rank: 184
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 266
    Starion Bank
    Similarity Rank: 448
    Stockman Bank of Montana
    Similarity Rank: 462
    BlackRidgeBANK
    Similarity Rank: 486
    Choice Financial Group
    Similarity Rank: 621

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 240 $49,100,000 $204,583 $0 0.00%
    USDA 9 $1,165,000 $129,444 $0 0.00%
    FHA 6 $1,130,000 $188,333 $0 0.00%
    VA 4 $840,000 $210,000 $0 0.00%

    For 2018, American Bank Center's most frequently originated type of loan was Conventional, with 240 originations. Their 2nd most popular type was USDA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 168 $40,730,000 $242,440 $0 0.00%
    Refi 30 $4,450,000 $148,333 $0 0.00%
    Cash Out Refi 26 $4,130,000 $158,846 $0 0.00%
    Other 18 $2,130,000 $118,333 $0 0.00%
    Home Improvement 17 $795,000 $46,765 $0 0.00%

    For 2018, American Bank Center's most frequently cited loan purpose was Home Purchase, with 168 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 259 $52,235,000 $201,680 $0 0.00%

    For 2018, American Bank Center's most frequently cited loan duration was Other, with 259 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 92 $24,610,000 $267,500 $0 0.00%
    $100k-200k 80 $11,710,000 $146,375 $0 0.00%
    $100,000 or less 78 $4,390,000 $56,282 $0 0.00%
    $400k-600k 6 $2,640,000 $440,000 $0 0.00%
    $1MM+ 2 $8,250,000 $4,125,000 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2018 saw American Bank Center place emphasis on $200k-400k loans with 92 originations, totaling $24,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 52 $9,580,000 $184,231 $0 0.00%
    $100k-150k 47 $9,175,000 $195,213 $0 0.00%
    $50k-75k 46 $7,170,000 $155,870 $0 0.00%
    $50k or less 38 $3,610,000 $95,000 $0 0.00%
    $150k-250k 30 $6,040,000 $201,333 $0 0.00%
    $250k+ 13 $3,205,000 $246,538 $0 0.00%

    American Bank Center lent most frequently to those with incomes in the $75k-100k range, with 52 originations. The second most popular income band? $100k-150k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 259 $52,235,000 $201,680 $0 0.00%

    American Bank Center lent most frequently to those with DTI ratios of Exempt%, with 259 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 240 $40,040,000 $166,833 $0 0.00%
    Not applicable 13 $10,585,000 $814,231 $0 0.00%
    Not provided 3 $845,000 $281,667 $0 0.00%
    Asian 1 $395,000 $395,000 $0 0.00%
    Black 2 $370,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.55%

    American Bank Center has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.28%

    American Bank Center has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 259 $52,235,000 $201,680

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $7,935,000 $1,587,000
    Single Family (1-4 Units):Site-Built 254 $44,300,000 $174,409

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERICAN INTERNET MORTGAGE Other type of mortgage Trouble during payment process 1 11.1%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 22.2%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Closing on a mortgage 1 11.1%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Trouble during payment process 4 44.4%
    AMERICAN INTERNET MORTGAGE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American Bank Center 101 East Main Mandan, ND 58554 Full Service B&M $11,492
    American Bank Center 1101 E. Interstate Ave Bismarck, ND 58501 Full Service B&M $113,839
    American Bank Center 1151 3rd Avenue West Dickinson, ND 58601 Full Service B&M $28,728
    American Bank Center 1190 West Turnpike Avenue Bismarck, ND 58501 Full Service B&M $17,757
    American Bank Center 140 1st Avenue West Dickinson, ND 58601 Full Service B&M $369,735
    American Bank Center 217 Main Street Mcclusky, ND 58463 Full Service B&M $23,266
    American Bank Center 2201 15th Street Southwest Minot, ND 58701 Full Service B&M $5,935
    American Bank Center 308 Lincoln Avenue Underwood, ND 58576 Full Service B&M $32,686
    American Bank Center 319 North Merrill Avenue Glendive, MT 59330 Full Service B&M $46,580
    American Bank Center 320 North Fourth Street Bismarck, ND 58501 Full Service B&M $168,849
    American Bank Center 325 W. Arbor Ave Bismarck, ND 58502 Full Service B&M $31,841
    American Bank Center 401 North 4th Street Bismarck, ND 58501 Full Service B&M $0
    American Bank Center 505 Fourth Street Cando, ND 58324 Full Service B&M $23,416
    American Bank Center 6 East 9th Street New England, ND 58647 Full Service B&M $31,087
    American Bank Center 604 College Drive South Po Box 1168 Devils Lake, ND 58301 Full Service B&M $13,197
    American Bank Center 7500 University Drive Bismarck, ND 58504 Full Service B&M $128
    American Bank Center Central Avenue And First Street Killdeer, ND 58640 Full Service B&M $132,364
    American Bank Center First And Main Streets Stanley, ND 58784 Full Service B&M $178,106

    For 2018, American Bank Center had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $52,182
    Net interest income $48,174
    Total noninterest income $21,069
    Gross Fiduciary activities income $6,769
    Service charges on deposit accounts $815
    Trading account gains and fees $0
    Additional Noninterest Income $13,485
    Pre-tax net operating income $24,427
    Securities gains (or losses, -) $-145
    Income before extraordinary items $19,959
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,959
    Minority interest net income $0
    Net income $19,959
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $20,077

    American Bank Center's gross interest income from loans was $52,182,000.
    American Bank Center's net interest income from loans was $48,174,000.
    American Bank Center's fee based income from loans was $815,000.
    American Bank Center's net income from loans was $19,959,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,008
    Provision for credit losses $2,710
    Total noninterest expense $42,106
    Salaries and employee benefits $25,160
    Premises and equipment expense $3,054
    Additional noninterest expense $13,892
    Applicable income taxes $4,323
    Net charge-offs $2,091
    Cash dividends $9,708

    American Bank Center's interest expense for loans was $4,008,000.
    American Bank Center's payroll and benefits expense were $25,160,000.
    American Bank Center's property, plant and equipment expenses $3,054,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 5.0%
    Multifamily residential loans 5.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,289,154
    Deposits held in domestic offices $1,289,154
    Deposits by Individuals, partnerships, and corporations $999,080
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $288,332
    Deposits by Commercial banks and other depository institutions in U.S. $1,738
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $164,877
    Demand deposits $48,866
    Nontransaction accounts $1,124,277
    Money market deposit accounts (MMDAs) $219,593
    Other savings deposits (excluding MMDAs) $692,913
    Total time deposits $211,771
    Total time and savings deposits $1,240,288
    Noninterest-bearing deposits $264,683
    Interest-bearing deposits $1,024,471
    Retail deposits $1,196,433
    IRAs and Keogh plan accounts $7,991
    Brokered deposits $16,059
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,426,011
    Cash & Balances due from depository institutions $39,839
    Interest-bearing balances $11,168
    Total securities $421,675
    Federal funds sold & reverse repurchase $5,000
    Net loans and leases $901,422
    Loan and leases loss allowance $17,711
    Trading account assets $0
    Bank premises and fixed assets $30,734
    Other real estate owned $0
    Goodwill and other intangibles $5,469
    All other assets $21,872

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,426,011
    Total Liabilities $1,298,850
    Total deposits $1,289,154
    Interest-bearing deposits $1,024,471
    Deposits held in domestic offices $1,289,154
    % insured (estimated) $98
    Federal funds purchased and repurchase agreements $3,869
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,827

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $901,422
    Loan and leases loss allowance $17,711
    Total loans and leases (domestic) $919,133
    All real estate loans $473,486
    Real estate loans in domestic offices $473,486
    Construction and development loans $19,702
    Residential 1-4 family construction $2,993
    Other construction, all land development and other land $16,709
    Loans secured by nonfarm nonresidential properties $237,988
    Nonfarm nonresidential secured by owner-occupied properties $121,416
    Commercial real estate & other non-farm, non-residential $116,572
    Multifamily residential real estate $29,822
    1-4 family residential loans $68,722
    Farmland loans $117,252
    Loans held in foreign offices $0
    Farm loans $116,030
    Commercial and industrial loans $96,289
    To non-U.S. addressees $0
    Loans to individuals $215,547
    Credit card loans $3,733
    Related Plans $843
    Consumer Auto Loans $147,485
    Other loans to individuals $63,486
    All other loans & leases $17,780
    Loans to foreign governments and official institutions $0
    Other loans $1,632
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $735
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $7,054
    Non 1-4 family restructured loans & leases $7,054
    Total loans and leases (foreign) $0

    American Bank Center had $901,422,000 of loans outstanding in 2018. $473,486,000 of loans were in real estate loans. $19,702,000 of loans were in development loans. $29,822,000 of loans were in multifamily mortgage loans. $68,722,000 of loans were in 1-4 family mortgage loans. $116,030,000 of loans were in farm loans. $3,733,000 of loans were in credit card loans. $147,485,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 235 $54,176 $230,536
    Nonfarm, nonresidential loans - <$100k 38 $1,507 $39,658
    Nonfarm, nonresidential loans - $100-250k 84 $10,632 $126,571
    Nonfarm, nonresidential loans - $250k-1MM 113 $42,037 $372,009
    Commercial & Industrial, US addressed loans - <$1MM 350 $27,543 $78,694
    Commercial & Industrial, US addressed loans - <$100k 204 $4,716 $23,118
    Commercial & Industrial, US addressed loans - $100-250k 74 $6,534 $88,297
    Commercial & Industrial, US addressed loans - $250k-1MM 72 $16,293 $226,292
    Farmland loans - <$1MM 261 $41,903 $160,548
    Farmland loans - <$100k 63 $2,789 $44,270
    Farmland loans - $100-250k 112 $14,267 $127,384
    Farmland loans - $250k-1MM 86 $24,847 $288,919
    Agriculture operations loans - <$1MM 356 $33,515 $94,143
    Agriculture operations loans - <$100k 161 $3,834 $23,814
    Agriculture operations loans - $100-250k 99 $8,076 $81,576
    Agriculture operations loans - $250k-1MM 96 $21,605 $225,052