Frandsen Bank & Trust

116 Central Street West
Lonsdale, MN 55046

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1399
Date Established 1901
Assets $1.67 billion
Loans $1.04 billion
Deposits $1.44 billion
Capital $0.19 billion

Frandsen Bank & Trust is an FDIC insured institution located in Lonsdale, MN. It was founded in 1901 and has approximately $1.67 billion in assets. Customers can open an account at one of its 38 branches.

For a more detailed analysis of Frandsen Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Frandsen Bank & Trust’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, Frandsen Bank & Trust has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 30.39
Multifamily
Mortgages
2.48
Credit Card Loans 0.00
Consumer Auto Loans 1.13
Small Business Loans 12.52
Construction and Development Loans 6.52
Commercial Real Estate 26.86
Commercial and Industrial Loans 14.48
Farm Loans 7.72

Deposit Rates - August 15, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $1,000 - Learn MoreShow Less
3 Mo CD 10K
0.35% $10,000 $49,999 Learn MoreShow Less
3 Mo CD 10K
0.03% $10,000 $49,999 Learn MoreShow Less
3 Mo CD 10K
0.01% $10,000 $49,999 Learn MoreShow Less
3 Mo CD 10K
0.05% $10,000 $49,999 Learn MoreShow Less
03MCD10K
0.10% $10,000 $49,999 Learn MoreShow Less
3 Mo CD 100K
0.06% $50,000 - Learn MoreShow Less
3 Mo CD 100K
0.10% $50,000 - Learn MoreShow Less
3 Mo CD 100K
0.05% $50,000 - Learn MoreShow Less
3 Mo CD 100K
0.08% $50,000 - Learn MoreShow Less
3 Mo CD 100K
0.35% $50,000 - Learn MoreShow Less
3 Mo CD 100K
0.01% $50,000 - Learn MoreShow Less
3 Mo CD 100K
0.07% $50,000 - Learn MoreShow Less
6 Mo CD 10K
0.10% $2,500 - Learn MoreShow Less
6 Mo CD 10K
0.05% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 10K
0.12% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 10K
0.40% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 10K
0.09% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 10K
0.01% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 10K
0.20% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 10K
0.30% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 10K
0.07% $10,000 $49,999 Learn MoreShow Less
06MCD10K
0.15% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 100K
0.12% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.11% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.25% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.13% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.40% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.07% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.30% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.15% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.01% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.10% $50,000 - Learn MoreShow Less
6 Mo CD 100K
0.20% $50,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.15% $1 $9,999 Learn MoreShow Less
Fixed IRA 0K
0.14% $100 - Learn MoreShow Less
Fixed IRA 0K
0.44% $100 - Learn MoreShow Less
Fixed IRA 0K
0.25% $500 $9,999 Learn MoreShow Less
Fixed IRA 0K
0.07% $500 $9,999 Learn MoreShow Less
Fixed IRA 0K
0.30% $1,000 $9,999 Learn MoreShow Less
FIXIRA0K
0.40% $2,500 $9,999 Learn MoreShow Less
Fixed IRA 0K
0.50% $2,500 $9,999 Learn MoreShow Less
Fixed IRA 0K
0.05% $2,500 - Learn MoreShow Less
Fixed IRA 0K
0.35% $2,500 $9,999 Learn MoreShow Less
Fixed IRA 0K
0.10% $2,500 $9,999 Learn MoreShow Less
Fixed IRA 0K
0.12% $2,500 $9,999 Learn MoreShow Less
Special: 12 Mo FIRA
0.85% $10,000 $49,999 Learn MoreShow Less
Special: 18 Mo FIRA
1.05% $10,000 $49,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
VARIRA0K
0.15% $1 $2,499 Learn MoreShow Less
Var IRA 0K
0.05% $1 $2,499 Learn MoreShow Less
Var IRA 0K
0.02% $1 $2,499 Learn MoreShow Less
VARIRA0K
0.05% $100 $2,499 Learn MoreShow Less
Var IRA 0K
0.01% $100 $2,499 Learn MoreShow Less
Var IRA 0K
0.15% $500 $9,999 Learn MoreShow Less
MM Rates APY MIN MAX
MM2.5K
0.03% $1 $4,999 Learn MoreShow Less
MM 2.5K
0.01% $1 $4,999 Learn MoreShow Less
MM 2.5K
0.05% $1 $4,999 Learn MoreShow Less
MM 2.5K
0.02% $2,500 $9,999 Learn MoreShow Less
MM 10K
0.05% $2,500 - Learn MoreShow Less
MM10K
0.07% $5,000 $24,999 Learn MoreShow Less
MM 10K
0.02% $5,000 $24,999 Learn MoreShow Less
MM 10K
0.10% $5,000 $24,999 Learn MoreShow Less
MM 10K
0.03% $10,000 $24,999 Learn MoreShow Less
MM 10K
0.01% $10,000 $24,999 Learn MoreShow Less
MM25K
0.10% $25,000 $49,999 Learn MoreShow Less
MM 25K
0.02% $25,000 $49,999 Learn MoreShow Less
MM 25K
0.04% $25,000 $49,999 Learn MoreShow Less
MM 25K
0.03% $25,000 $49,999 Learn MoreShow Less
MM 25K
0.15% $25,000 $49,999 Learn MoreShow Less
MM 25K
0.05% $25,000 $49,999 Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.05% $2,500 $24,999 Learn MoreShow Less
Premium MM 25K
0.05% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
INTCK0K
0.03% $1 $999 Learn MoreShow Less
Int Ckg 0K
0.00% $1 $499 Learn MoreShow Less
Int Ckg 0K
0.01% $1 $2,499 Learn MoreShow Less
Int Ckg 0K
0.02% $100 $499 Learn MoreShow Less
INTCK2.5K
0.05% $1,000 $9,999 Learn MoreShow Less
Int Ckg 0K
0.05% $1,500 - Learn MoreShow Less
Int Ckg 2.5K
0.02% $2,500 $24,999 Learn MoreShow Less
Int Ckg 2.5K
0.01% $2,500 - Learn MoreShow Less

Loan Rates - August 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Frandsen Bank & Trust

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
HomeDirect Mortgage
NMLS ID: 420821
4.520% 4.500% 0.25 $680 $1,267 Learn More
Ally Bank
NMLS ID: 181005
4.563% 4.500% 0.38 $1,949 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,354 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.585% 4.500% 0.00 $2,500 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.740% $291.47 Learn More

Note to Frandsen Bank & Trust
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Branches

Frandsen Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Frandsen Bank & Trust Locations

Financial Details

Frandsen Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Frandsen Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Frandsen Bank & Trust U.S. Bank Average
3.74% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2018, Frandsen Bank & Trust had $4,857,000 in non-current loans and $2,783,000 in owned real estate. To cover these potential losses it had $191,227,000 in equity and $13,120,000 in loans loss reserves. That gives it a Texas Ratio of 3.74%.

Return on Equity
Frandsen Bank & Trust U.S. Bank Average
12.62% 9.35%

Frandsen Bank & Trust has a Return on Equity of 12.62% versus the BestCashCow average of 9.35%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Frandsen Bank & Trust U.S. Bank Average
11.44% 12.01%

Frandsen Bank & Trust has a Capitalization of 11.44% versus the BestCashCow average of 12.01. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Frandsen Bank & Trust Balance Sheet Analysis

As of March 31, 2018, Frandsen Bank & Trust had assets of $1,672,142,000, loans of $1,044,310,000, and deposits of $1,436,127,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.01 billion
Total securities $0.43 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.04 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.08 billion
All other assets $0.05 billion
     Total Assets $1.48 billion
LIABILITIES
Total deposits $1.44 billion
      Interest-bearing deposits $1.08 billion
      Deposits held in domestic offices $1.44 billion
      % insured (estimated) 90.02%
Federal funds purchased and repurchase agreements $0.02 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.48 billion
      Shareholders’ Equity $0.19 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Frandsen Bank & Trust

Branches and Savings

Is Frandsen Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #1399.

Why does Frandsen Bank & Trust pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Frandsen Bank & Trust CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Frandsen Bank & Trust a commercial bank?

Yes

Where are Frandsen Bank & Trust locations?

See branch locations nearby.

Is Frandsen Bank & Trust open on Saturdays?

Is Frandsen Bank & Trust open on Sundays?

What time does Frandsen Bank & Trust open?

What time does Frandsen Bank & Trust close?

Are Frandsen Bank & Trust ATMs Open 24/7?

Do Frandsen Bank & Trust ATMs accept cash deposits?

Can Frandsen Bank & Trust customers use other ATMs?

Do Frandsen Bank & Trust branches have notaries?

Will Frandsen Bank & Trust notarize my document?

What address for Frandsen Bank & Trust should I put for incoming ACH transfers?

Will the Frandsen Bank & Trust branch print checks?

Do Frandsen Bank & Trust checks expire?

Does Frandsen Bank & Trust require US citizenship to open account?

Can Frandsen Bank & Trust close my account?

Does Frandsen Bank & Trust Report to credit bureaus?

Does Frandsen Bank & Trust Use Equifax?

What is Frandsen Bank & Trust's ACH Routing Number?

What is Frandsen Bank & Trust's SWIFT code?

Products

Does Frandsen Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Frandsen Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Frandsen Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Frandsen Bank & Trust offer student loans?

Will Frandsen Bank & Trust cash a check?

Will Frandsen Bank & Trust redeem a savings bond?

Does Frandsen Bank & Trust cash savings bonds?

Will Frandsen Bank & Trust cash money orders?

Can Frandsen Bank & Trust issue a money order?

Does Frandsen Bank & Trust do currency exchange?

Background on The Bank

Who owns Frandsen Bank & Trust?

How long has Frandsen Bank & Trust been around?

Can Frandsen Bank & Trust transfer to other banks?

Does Frandsen Bank & Trust have quick pay?

Does Frandsen Bank & Trust accept rolled coins?

Will Frandsen Bank & Trust accept loose change?

Where is Frandsen Bank & Trust headquarters?

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