American Bank & Trust, Financial Information

About American Bank & Trust

 Address:
120 East Main Street
Wessington Springs, SD
Jerauld County, South Dakota
 Established:
Jan 1892
 Number of domestic offices:
14
Agriculture bank
Total assets$1,149M
Net income$18M
Net income, quarterly$4M
Total deposits$974M
Domestic deposits$974M
Equity capital$114M
ROA1.72%
ROAQ, quarterly1.55%
ROA, pretax1.55%
ROAQ, quarterly, pretax1.61%
ROE16.82%
ROEQ, quarterly15.26%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The American Bank & Trust of Wessington Springs, Miller, Wolsey, Alpena, Mellette, Huron, and De Smet was originally the Bank of Alpena and was started in 1886 when H. S. Royer operated a bank from behind a curtain in the back of his drug store.

In 1986, the First Bank Branch in Wessington Springs was purchased and added to the operation. In 1993 Farmers State Bank in Mellette was purchased and became the fourth location of American State Bank. A new bank building was erected across the street from the old building in Mellette and opened for business in April 1998.

The Hand County State Bank of Miller was purchased and added to the operation June 1, 2000. Construction of a new bank building in Wessington Springs was completed in 2000. A new branch was opened in Huron April 1, 2002 and the bank's name was changed to American Bank & Trust.

In July 2006 American Bank & Trust opened their 7th branch location at the Huron Wal-Mart. An expansion project to the Huron Branch was also underway in 2006 and was completed in May 2007. At this time American Trust Insurance was opened in the existing bank building and the bank was moved into the new addition.

In October 2011 Peoples State Bank in De Smet merges with American Bank & Trust, becoming the 8th location. American Bank & Trust currently has 90 employees in 8 branch locations in 7 communities including Wessington Springs, Alpena, Mellette, Miller, Wolsey, Huron and De Smet with assets of over $350 million.

Alpena
805 Main Street
PO Box 69
Alpena, SD 57312

De Smet
212 Calumet Avenue SE
PO Box 150
De Smet, SD 57231

Huron Wal-Mart
2791 Dakota Avenue S
Huron, SD 57350

Mellette
4 Main Street
P.O. Box 197
Mellette, SD 57461

Huron
1820 Dakota Avenue S
PO Box 838
Huron, SD 57350

Miller
131 N Broadway
PO Box 317
Miller, SD 57362

Wessington Springs
120 E Main Street
PO Box 469
Wessington Springs, SD 57382

Wolsey
265 Commercial Avenue S.W.
PO Box 250
Wolsey, SD 57384