Frandsen Bank & Trust is headquartered in Lonsdale and is the 5th largest bank in the state of Minnesota. It is also the 474th largest bank in the nation. It was established in 1901 and as of June of 2017, it had grown to 391 employees at 37 locations. Frandsen Bank & Trust has an A+ health rating.
I have held an account with this bank for over 4 years now. During that time, I have discovered that they offer great, personable customer service. This bank services primarily smaller towns, so you know you will get a small town, friendly feel when talking to any of the employees. Last fall, my debit card was hijacked by an identity thief. They cancelled my card, despite it being after hours, and got me a new one within a week. The online and mobile sites are nothing to get excited about. However, they seem to effectively report your balances and purchases. The sites don't offer some features you might find at larger banks, but again, they get the job done. Furthermore, this bank just isn't as good as some larger banks in terms of rates and programs. However, if you are willing to accept that, you will be rewarded with excellent customer service from a safe, friendly bank.
|FDIC Certificate #||1399|
|Return on Assets - YTD||1.38%|
|Return on Equity - YTD||11.52%|
|Annual Interest Income||$29.5MM|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$1.68B$1.57B|
|Loans||Q2 2017vs Q2 2016||$1.00B$898.4MM|
|Deposits||Q2 2017vs Q2 2016||$1.40B$1.30B|
|Equity Capital||Q2 2017vs Q2 2016||$204.4MM$200.3MM|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$12.5MM$13.4MM|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$5.7MM$9.7MM|
|Real Estate Owned||Q2 2017vs Q2 2016||$3.1MM$3.0MM|
Sorry, we do not have rate data for Frandsen Bank & Trust.