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Overview / Commentary
116 Central Street West
Lonsdale, MN 55046

Frandsen Bank & Trust is headquartered in Lonsdale and is the 5th largest bank in the state of Minnesota. It is also the 463rd largest bank in the nation. It was established in 1901 and as of December of 2016, it had grown to 369 employees at 37 locations. Frandsen Bank & Trust has an A health rating.

Reviews (1)

Great small town bank

Posted by: Mattyice | Jul 20, 2015

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.


Health Grade Components

FDIC Certificate #1399
Year Established1901
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.4%
Return on Equity - YTD11.14%
Annual Interest Income$59.2MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1.72B$1.60B
LoansQ4 2016vs Q4 2015$966.1MM$894.0MM
DepositsQ4 2016vs Q4 2015$1.42B$1.33B
Equity CapitalQ4 2016vs Q4 2015$207.0MM$205.3MM
Loan Loss AllowanceQ4 2016vs Q4 2015$12.5MM$13.5MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$8.7MM$10.4MM
Real Estate OwnedQ4 2016vs Q4 2015$3.9MM$3.2MM

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Frandsen Bank & Trust has 37 locations. Click to view all Frandsen Bank & Trust locations.