Frandsen Bank & Trust Reviews and Rates

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

frandsenbank.com

507-353-7350

116 Central Street West
Lonsdale, MN 55046

Frandsen Bank & Trust is headquartered in LONSDALE and is the 4^th largest bank in the state of Minnesota. It is also the 363^rd largest bank in the nation. It was established in 1901 and as of March of 2025, it had grown to 455 employees at 43 locations. Frandsen Bank & Trust has an A health rating.

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Health

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #	1399
Year Established	1901
Employees	455
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.46%
Return on Equity - YTD	14.63%
Annual Interest Income	$43.9MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$3.59B$3.46B
Loans	Q1 2025vs Q1 2024	$2.45B$2.34B
Deposits	Q1 2025vs Q1 2024	$3.07B$2.9B
Equity Capital	Q1 2025vs Q1 2024	$367.8MM$309.9MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$32.5MM$29MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$21.3MM$4.7MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$524K

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Sorry, we do not have rate data for Frandsen Bank & Trust.

Locations

Availability

Minneapolis Area

Minneapolis Area bank & credit union details

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