American Bank Center Mortgage Rates, Fees & Info

Dickinson, ND

LEI: 549300UONVHJ0G6DSL23

Tax ID: 45-0342587

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    American Bank Center is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi 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, Great Falls, Dickinson, Billings, and Minot among others. We have data for 17 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. American Bank Center is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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% 11/21/24
    30 Year Conventional Refi 6.13% 11/21/24
    30 Year Cash-out Refi 6.57% 11/21/24
    30 Year FHA Purchase 7.69% 11/21/24
    30 Year VA Purchase 6.56% 11/21/24
    30 Year VA Refi 6.27% 11/21/24
    30 Year USDA Purchase 6.65% 11/21/24
    15 Year Conventional Purchase 6.10% 11/21/24
    15 Year Conventional Refi 5.95% 11/21/24
    15 Year Cash-out Refi 5.95% 11/21/24
    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

    810

    Origination Dollar Volume (All Markets)

    $181,490,000

    Employee count

    369 Show all (6) awards

    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) 263 $65,585,000 $249,373 $4,128 2.82%
    Outside of Metro Areas 168 $30,280,000 $180,238 $3,972 3.08%
    GREAT FALLS, MT (FHA|USDA|VA) 134 $28,480,000 $212,537 $4,369 3.09%
    Dickinson, ND (FHA|USDA|VA) 111 $24,185,000 $217,883 $3,958 2.88%
    BILLINGS, MT (FHA|USDA|VA) 48 $12,480,000 $260,000 $5,242 3.24%
    Minot, ND (FHA|USDA|VA) 58 $12,150,000 $209,483 $3,939 2.90%
    FARGO, ND-MN (FHA|USDA|VA) 10 $3,050,000 $305,000 $5,633 2.74%
    Helena, MT (FHA|USDA|VA) 6 $1,700,000 $283,333 $5,260 3.31%
    Sheridan, WY (FHA|USDA|VA) 1 $725,000 $725,000 $0 3.95%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $500,000 $250,000 $4,848 2.56%
    Williston, ND (FHA|USDA|VA) 2 $420,000 $210,000 $3,762 3.38%
    MISSOULA, MT (FHA|USDA|VA) 2 $390,000 $195,000 $4,492 4.00%
    RAPID CITY, SD (FHA|USDA|VA) 1 $345,000 $345,000 $5,119 2.75%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $335,000 $335,000 $0 5.50%
    Butte-Silver Bow, MT (FHA|USDA|VA) 1 $315,000 $315,000 $6,513 3.00%
    Spearfish, SD (FHA|USDA|VA) 1 $305,000 $305,000 $3,854 2.38%
    Kalispell, MT (FHA|USDA|VA) 1 $245,000 $245,000 $3,196 2.63%
    American Bank Center's top markets include Bismarck, Great Falls, Dickinson, Billings, and Minot among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • South Dakota (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: 28
    Montana Federal Credit Union
    Similarity Rank: 48
    The Yellowstone Bank
    Similarity Rank: 74
    BILLINGS
    Similarity Rank: 198
    Altana Federal Credit Union
    Similarity Rank: 315
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 406
    Dacotah Bank
    Similarity Rank: 490
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 616
    Starion Bank
    Similarity Rank: 720
    CAPITAL CREDIT UNION
    Similarity Rank: 836

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 779 $175,605,000 $225,424 $4,035 2.97%
    USDA 16 $2,350,000 $146,875 $6,293 2.91%
    FHA 11 $2,455,000 $223,182 $8,530 3.13%
    VA 4 $1,080,000 $270,000 $9,870 2.85%

    For 2021, American Bank Center's most frequently originated type of loan was Conventional, with 779 originations. Their 2nd most popular type was USDA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 365 $88,825,000 $243,356 $4,884 3.13%
    Refi 210 $43,740,000 $208,286 $3,511 2.71%
    Cash Out Refi 192 $43,900,000 $228,646 $4,229 2.74%
    Home Improvement 22 $2,430,000 $110,455 $1,453 4.01%
    Other 21 $2,595,000 $123,571 $2,135 3.74%

    For 2021, American Bank Center's most frequently cited loan purpose was Home Purchase, with 365 originations. The 2nd most popular reason was Refi, with 210 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 437 $104,625,000 $239,416 $4,708 2.93%
    15 Year 152 $29,490,000 $194,013 $3,595 2.36%
    20 Year 110 $25,230,000 $229,364 $4,017 3.30%
    10 Year 41 $5,825,000 $142,073 $2,567 2.83%
    Other 40 $7,870,000 $196,750 $2,308 4.02%
    5 Year 21 $5,605,000 $266,905 $817 3.99%
    1 Year 5 $1,285,000 $257,000 $993 5.40%
    30+ year 4 $1,560,000 $390,000 $7,134 4.00%

    For 2021, American Bank Center's most frequently cited loan duration was 30 Year, with 437 originations. The 2nd most popular length was 15 Year, with 152 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 259 $53,095,000 $205,000
    $3k-4k 143 $42,825,000 $299,476
    $1k-2k 136 $17,380,000 $127,794
    $<1k 113 $18,945,000 $167,655
    $4k-5k 53 $19,965,000 $376,698
    $5k+ 18 $8,900,000 $494,444

    American Bank Center's average total fees were $4,708, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 259 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 312 $72,640,000 $232,821
    <2.5% 250 $52,410,000 $209,640
    3-4% 157 $41,765,000 $266,019
    4-5% 72 $12,360,000 $171,667
    5-6% 12 $1,320,000 $110,000
    % 4 $280,000 $70,000
    6-7% 3 $715,000 $238,333

    During 2021, American Bank Center's average interest rate for loans was 2.93%, while their most frequently originated rate bucket for loans was 2.5-3%, with 312 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 362 $98,980,000 $273,425 $4,786 2.89%
    $100k-200k 280 $42,270,000 $150,964 $3,555 2.85%
    $100,000 or less 109 $7,175,000 $65,826 $1,990 3.46%
    $400k-600k 54 $25,750,000 $476,852 $6,786 3.00%
    $1MM+ 3 $5,815,000 $1,938,333 $0 4.23%
    $600k-1MM 2 $1,500,000 $750,000 $0 4.10%

    2021 saw American Bank Center place emphasis on $200k-400k loans with 362 originations, totaling $98,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 177 $33,365,000 $188,503 $4,156 2.88%
    $100k-150k 170 $42,380,000 $249,294 $4,549 2.96%
    $75k-100k 122 $25,410,000 $208,279 $4,418 2.93%
    $50k or less 102 $14,120,000 $138,431 $3,823 2.84%
    $150k-250k 93 $25,325,000 $272,312 $4,501 2.78%
    $250k+ 46 $14,910,000 $324,130 $4,842 3.05%

    American Bank Center lent most frequently to those with incomes in the $50k-75k range, with 177 originations. The second most popular income band? $100k-150k, with 170 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 209 $43,145,000 $206,435 $3,871 2.75%
    30-36% 154 $34,150,000 $221,753 $4,162 2.84%
    <20% 104 $20,600,000 $198,077 $3,330 2.71%
    39% 30 $6,660,000 $222,000 $4,993 2.86%
    42% 29 $5,945,000 $205,000 $4,087 2.99%
    36% 28 $7,050,000 $251,786 $4,947 2.81%
    37% 26 $5,910,000 $227,308 $4,299 2.68%
    43% 24 $5,130,000 $213,750 $4,625 2.91%
    40% 22 $5,460,000 $248,182 $4,695 2.95%
    38% 20 $5,280,000 $264,000 $5,133 2.91%
    45% 17 $4,345,000 $255,588 $5,064 2.94%
    41% 16 $4,790,000 $299,375 $6,438 2.95%
    44% 13 $3,135,000 $241,154 $4,601 2.91%
    46% 11 $2,495,000 $226,818 $4,076 3.11%
    48% 10 $2,610,000 $261,000 $4,760 2.84%
    47% 9 $2,425,000 $269,444 $5,073 2.74%
    49% 8 $1,970,000 $246,250 $4,662 2.69%
    50-60% 5 $1,245,000 $249,000 $4,948 3.55%
    >60% 4 $1,170,000 $292,500 $5,490 3.44%

    American Bank Center lent most frequently to those with DTI ratios of 20-30%, with 209 originations. The next most common DTI ratio? 30-36%, with 154 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 731 $160,455,000 $219,501 $4,171 2.89%
    Not applicable 42 $12,810,000 $305,000 $0 4.31%
    Not provided 14 $3,050,000 $217,857 $4,014 3.20%
    Asian 8 $1,840,000 $230,000 $4,764 2.67%
    American Indian 9 $1,555,000 $172,778 $4,304 2.86%
    Black 5 $1,525,000 $305,000 $5,562 3.23%
    Native Hawaiian or Islander 1 $255,000 $255,000 $3,755 3.20%

    Approval Rates

    Total approvals of all applications
    96.59%

    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
    91.85%

    American Bank Center has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 810 $181,490,000 $224,062

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    810 $181,490,000 $224,062

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $7,840,000 $135,172 $2,623 3.17%
    40-60% 132 $25,170,000 $190,682 $3,698 2.64%
    60-80% 368 $93,090,000 $252,962 $4,384 3.01%
    80-100% 221 $53,125,000 $240,385 $4,948 2.91%
    Over 100% 1 $325,000 $325,000 $15,747 3.00%
    Under 20% 30 $1,940,000 $64,667 $584 3.88%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AMERICAN INTERNET MORTGAGE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.3%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 18.8%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Closing on a mortgage 3 18.8%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Struggling to pay mortgage 1 6.3%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Trouble during payment process 8 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American Bank Center 101 East Main Mandan, ND 58554 Full Service B&M $20,955
    American Bank Center 1019 7th Street South Great Falls, MT 59405 Full Service B&M $90,572
    American Bank Center 1101 E. Interstate Ave Bismarck, ND 58501 Full Service B&M $134,723
    American Bank Center 1151 3rd Avenue West Dickinson, ND 58601 Full Service B&M $40,950
    American Bank Center 123 N Broadway Billings, MT 59101 Full Service B&M $288
    American Bank Center 1615 Burnt Boat Drive Bismarck, ND 58503 Full Service B&M $23,376
    American Bank Center 217 Main Street Mcclusky, ND 58463 Full Service B&M $29,966
    American Bank Center 220 1st Ave W Dickinson, ND 58601 Full Service B&M $446,496
    American Bank Center 308 Lincoln Avenue Underwood, ND 58576 Full Service B&M $42,188
    American Bank Center 319 North Merrill Avenue Glendive, MT 59330 Full Service B&M $59,728
    American Bank Center 320 North Fourth Street Bismarck, ND 58501 Full Service B&M $253,491
    American Bank Center 325 W. Arbor Ave Bismarck, ND 58502 Full Service B&M $37,432
    American Bank Center 3635 10th Avenue South Great Falls, MT 59405 Full Service B&M $14,732
    American Bank Center 401 North 4th Street Bismarck, ND 58501 Full Service B&M $0
    American Bank Center 4130 King Avenue West Billings, MT 59106 Full Service B&M $64,807
    American Bank Center 505 Fourth Street Cando, ND 58324 Full Service B&M $30,335
    American Bank Center 6 East 9th Street New England, ND 58647 Full Service B&M $42,276
    American Bank Center 604 College Drive South Po Box 1168 Devils Lake, ND 58301 Full Service B&M $20,669
    American Bank Center 7500 University Drive, Ll Student Center Bismarck, ND 58504 Full Service B&M $523
    American Bank Center Central Avenue And First Street Killdeer, ND 58640 Full Service B&M $216,629
    American Bank Center First And Main Streets Stanley, ND 58784 Full Service B&M $210,772

    For 2021, American Bank Center had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $72,471
    Net interest income $67,065
    Total noninterest income $28,808
    Gross Fiduciary activities income $8,567
    Service charges on deposit accounts $799
    Trading account gains and fees $0
    Additional Noninterest Income $19,442
    Pre-tax net operating income $33,931
    Securities gains (or losses, -) $266
    Income before extraordinary items $26,945
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,945
    Minority interest net income $0
    Net income $26,945
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $26,734

    American Bank Center's gross interest income from loans was $72,471,000.
    American Bank Center's net interest income from loans was $67,065,000.
    American Bank Center's fee based income from loans was $799,000.
    American Bank Center's net income from loans was $26,945,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,406
    Provision for credit losses $0
    Total noninterest expense $61,942
    Salaries and employee benefits $36,292
    Premises and equipment expense $4,915
    Additional noninterest expense $20,735
    Applicable income taxes $7,252
    Net charge-offs $-498
    Cash dividends $6,368

    American Bank Center's interest expense for loans was $5,406,000.
    American Bank Center's payroll and benefits expense were $36,292,000.
    American Bank Center's property, plant and equipment expenses $4,915,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    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 $2,010,304
    Deposits held in domestic offices $2,010,304
    Deposits by Individuals, partnerships, and corporations $1,634,040
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $374,437
    Deposits by Commercial banks and other depository institutions in U.S. $1,826
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,120,305
    Demand deposits $418,549
    Nontransaction accounts $889,999
    Money market deposit accounts (MMDAs) $393,402
    Other savings deposits (excluding MMDAs) $228,207
    Total time deposits $268,389
    Total time and savings deposits $1,591,755
    Noninterest-bearing deposits $421,364
    Interest-bearing deposits $1,588,940
    Retail deposits $1,906,816
    IRAs and Keogh plan accounts $13,856
    Brokered deposits $4,613
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,253,278
    Cash & Balances due from depository institutions $47,022
    Interest-bearing balances $21,663
    Total securities $690,211
    Federal funds sold & reverse repurchase $85,000
    Net loans and leases $1,314,367
    Loan and leases loss allowance $16,168
    Trading account assets $0
    Bank premises and fixed assets $50,915
    Other real estate owned $2,650
    Goodwill and other intangibles $21,087
    All other assets $42,026

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,253,278
    Total Liabilities $2,032,891
    Total deposits $2,010,304
    Interest-bearing deposits $1,588,940
    Deposits held in domestic offices $2,010,304
    % insured (estimated) $97
    Federal funds purchased and repurchase agreements $2,344
    Trading liabilities $0
    Other borrowed funds $9,490
    Subordinated debt $0
    All other liabilities $10,753

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,314,367
    Loan and leases loss allowance $16,168
    Total loans and leases (domestic) $1,330,535
    All real estate loans $713,880
    Real estate loans in domestic offices $713,880
    Construction and development loans $39,747
    Residential 1-4 family construction $15,114
    Other construction, all land development and other land $24,633
    Loans secured by nonfarm nonresidential properties $302,044
    Nonfarm nonresidential secured by owner-occupied properties $183,895
    Commercial real estate & other non-farm, non-residential $118,149
    Multifamily residential real estate $45,068
    1-4 family residential loans $122,297
    Farmland loans $204,724
    Loans held in foreign offices $0
    Farm loans $147,821
    Commercial and industrial loans $148,676
    To non-U.S. addressees $0
    Loans to individuals $293,873
    Credit card loans $4,006
    Related Plans $730
    Consumer Auto Loans $249,895
    Other loans to individuals $39,242
    All other loans & leases $26,285
    Loans to foreign governments and official institutions $0
    Other loans $960
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $55
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,147
    Non 1-4 family restructured loans & leases $1,997
    Total loans and leases (foreign) $0

    American Bank Center had $1,314,367,000 of loans outstanding in 2021. $713,880,000 of loans were in real estate loans. $39,747,000 of loans were in development loans. $45,068,000 of loans were in multifamily mortgage loans. $122,297,000 of loans were in 1-4 family mortgage loans. $147,821,000 of loans were in farm loans. $4,006,000 of loans were in credit card loans. $249,895,000 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 359 $84,472 $235,298
    Nonfarm, nonresidential loans - <$100k 61 $2,673 $43,820
    Nonfarm, nonresidential loans - $100-250k 110 $12,871 $117,009
    Nonfarm, nonresidential loans - $250k-1MM 188 $68,928 $366,638
    Commercial & Industrial, US addressed loans - <$1MM 581 $47,055 $80,990
    Commercial & Industrial, US addressed loans - <$100k 339 $7,402 $21,835
    Commercial & Industrial, US addressed loans - $100-250k 131 $12,327 $94,099
    Commercial & Industrial, US addressed loans - $250k-1MM 111 $27,326 $246,180
    Farmland loans - <$1MM 302 $52,564 $174,053
    Farmland loans - <$100k 62 $3,031 $48,887
    Farmland loans - $100-250k 125 $16,135 $129,080
    Farmland loans - $250k-1MM 115 $33,398 $290,417
    Agriculture operations loans - <$1MM 460 $36,282 $78,874
    Agriculture operations loans - <$100k 212 $5,107 $24,090
    Agriculture operations loans - $100-250k 125 $9,987 $79,896
    Agriculture operations loans - $250k-1MM 123 $21,188 $172,260