Frandsen Bank & Trust Mortgage Rates, Fees & Info

Lonsdale, MN

LEI: 549300ZZZUYWXK72JD21

Tax ID: 41-0947097

5 stars - out of 5 stars, based on 45 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Frandsen Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Frandsen Bank & Trust has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Minneapolis, Duluth, Grand Forks, Brainerd, and Faribault among others. Frandsen Bank & Trust has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Frandsen Bank & Trust is typically an average fee lendor.


Originations

2,057

Origination Dollar Volume (All Markets)

$446,705,000

Employee count

401

Awards

Frandsen Bank & Trust 30 Year Conventional Loans gold Frandsen Bank & Trust 30 Year Conventional Loans bronze Frandsen Bank & Trust 30 Year Conventional Loans silver Frandsen Bank & Trust 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

Frandsen Bank & Trust's average 30 year fixed rate mortgage of loans were 3.04%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.11%.

Relative Fees

Frandsen Bank & Trust's average total fees for a 30 year fixed rate mortgage are $3,891.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 562 $146,410,000 $260,516 $4,006 2.99%
DULUTH, MN-WI (FHA|USDA|VA) 404 $85,380,000 $211,337 $3,972 3.15%
Outside of Metro Areas 340 $55,270,000 $162,559 $3,199 3.03%
GRAND FORKS, ND-MN (FHA|USDA|VA) 155 $29,285,000 $188,935 $3,622 2.92%
Brainerd, MN (FHA|USDA|VA) 123 $27,335,000 $222,236 $2,768 3.02%
Faribault-Northfield, MN (FHA|USDA|VA) 99 $21,615,000 $218,333 $3,930 2.96%
MANKATO, MN (FHA|USDA|VA) 97 $19,575,000 $201,804 $3,018 2.89%
New Ulm, MN (FHA|USDA|VA) 94 $14,300,000 $152,128 $3,204 3.12%
EAU CLAIRE, WI (FHA|USDA|VA) 45 $10,845,000 $241,000 $2,353 2.87%
ST. CLOUD, MN (FHA|USDA|VA) 40 $6,270,000 $156,750 $3,582 2.84%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 8 $4,080,000 $510,000 $4,294 3.02%
Hutchinson, MN (FHA|USDA|VA) 10 $1,840,000 $184,000 $3,901 2.73%
Grand Rapids, MN (FHA|USDA|VA) 8 $1,720,000 $215,000 $4,602 3.05%
FARGO, ND-MN (FHA|USDA|VA) 5 $1,605,000 $321,000 $4,867 3.46%
Bemidji, MN (FHA|USDA|VA) 5 $1,435,000 $287,000 $4,669 3.03%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,430,000 $715,000 $9,575 3.05%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,315,000 $263,000 $4,365 2.65%
Fergus Falls, MN (FHA|USDA|VA) 3 $1,255,000 $418,333 $6,830 3.01%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,215,000 $243,000 $4,233 2.90%
Alexandria, MN (FHA|USDA|VA) 4 $1,210,000 $302,500 $4,349 2.98%
ROCHESTER, MN (FHA|USDA|VA) 6 $1,200,000 $200,000 $2,627 2.62%
MADISON, WI (FHA|USDA|VA) 2 $910,000 $455,000 $4,081 2.90%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $745,000 $745,000 $5,203 2.55%
Owatonna, MN (FHA|USDA|VA) 4 $740,000 $185,000 $4,130 3.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $735,000 $735,000 $0 3.13%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $685,000 $685,000 $7,550 2.99%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $650,000 $325,000 $2,331 3.19%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $620,000 $310,000 $3,066 2.56%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $605,000 $201,667 $4,576 2.75%
Willmar, MN (FHA|USDA|VA) 2 $600,000 $300,000 $2,894 2.43%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $595,000 $595,000 $4,710 2.92%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,266 2.63%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $545,000 $545,000 $5,860 2.50%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $470,000 $235,000 $4,136 2.75%
Whitewater, WI (FHA|USDA|VA) 1 $455,000 $455,000 $7,979 2.75%
TUCSON, AZ (FHA|USDA|VA) 1 $405,000 $405,000 $8,322 2.38%
Watertown, SD (FHA|USDA|VA) 1 $375,000 $375,000 $5,607 2.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $5,240 2.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $325,000 $325,000 $4,888 3.00%
Winona, MN (FHA|USDA|VA) 1 $315,000 $315,000 $5,130 3.25%
BISMARCK, ND (FHA|USDA|VA) 1 $305,000 $305,000 $5,982 3.13%
Wahpeton, ND-MN (FHA|USDA|VA) 1 $265,000 $265,000 $5,884 2.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $250,000 $125,000 $4,515 4.87%
Albert Lea, MN (FHA|USDA|VA) 1 $235,000 $235,000 $2,624 2.50%
Fairmont, MN (FHA|USDA|VA) 1 $195,000 $195,000 $2,526 2.88%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $135,000 $135,000 $1,439 2.75%
Menomonie, WI (FHA|USDA|VA) 1 $55,000 $55,000 $2,299 2.38%

Frandsen Bank & Trust's top markets include Minneapolis, Duluth, Grand Forks, Brainerd, and Faribault among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,038 $443,650,000 $217,689 $3,623 3.02%
USDA 19 $3,055,000 $160,789 $5,805 2.76%

For the 2021 period, Frandsen Bank & Trust's most frequently originated loan type of loans were Conventional, with 2,038 originations. Their 2nd most popular type is USDA, with 19 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 829 $183,835,000 $221,755 $3,310 2.83%
Home Purchase 715 $165,395,000 $231,322 $4,185 3.27%
Cash Out Refi 429 $86,685,000 $202,063 $3,735 2.82%
Other 50 $7,730,000 $154,600 $2,830 3.39%
Home Improvement 34 $3,060,000 $90,000 $1,733 3.96%

For the 2021, Frandsen Bank & Trust's most frequently cited loan purpose of loans were Refi, with 829 originations. The 2nd most popular reason of loans were Home Purchase, with 715 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 888 $198,830,000 $223,908 $3,891 3.04%
15 Year 739 $159,595,000 $215,961 $3,485 2.65%
20 Year 226 $44,670,000 $197,655 $3,406 3.26%
5 Year 72 $16,270,000 $225,972 $1,438 4.31%
Other 71 $17,315,000 $243,873 $3,741 3.92%
10 Year 50 $7,540,000 $150,800 $2,328 3.48%
1 Year 8 $1,590,000 $198,750 $4,037 3.98%
30+ year 2 $800,000 $400,000 $7,665 3.99%
3 Year 1 $95,000 $95,000 $2,774 3.70%

For the 2021, Frandsen Bank & Trust's most frequently cited loan length of loans were 30 Year, with 888 originations. The 2nd most popular length of loans were 15 Year, with 739 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 586 $84,210,000 $143,703
$<1k 521 $99,065,000 $190,144
$2k-3k 500 $107,820,000 $215,640
$3k-4k 254 $94,470,000 $371,929
$5k+ 33 $20,145,000 $610,455

$3,891 of loans were Frandsen Bank & Trust's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 586 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 778 $180,850,000 $232,455
3-4% 592 $139,640,000 $235,878
<2.5% 537 $101,265,000 $188,575
4-5% 113 $22,345,000 $197,743
5-6% 27 $1,665,000 $61,667
6-7% 7 $755,000 $107,857
7-8% 3 $185,000 $61,667

During 2021, Frandsen Bank & Trust's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 778 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 861 $127,555,000 $148,148 $3,294 2.94%
$200k-400k 678 $186,680,000 $275,339 $4,131 2.96%
$100,000 or less 331 $22,535,000 $68,082 $2,372 3.30%
$400k-600k 136 $64,590,000 $474,926 $5,302 2.93%
$600k-1MM 39 $29,105,000 $746,282 $6,836 3.25%
$1MM+ 12 $16,240,000 $1,353,333 $10,034 3.46%

2021 saw Frandsen Bank & Trust place emphasis on $100k-200k loans with 861 originations, totaling $127,555,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 422 $95,040,000 $225,213 $3,707 2.97%
$50k-75k 421 $65,635,000 $155,903 $3,381 2.95%
$75k-100k 332 $62,700,000 $188,855 $3,620 3.00%
$50k or less 289 $34,315,000 $118,737 $3,064 3.03%
$150k-250k 282 $80,200,000 $284,397 $4,278 2.90%
$250k+ 143 $61,945,000 $433,182 $4,667 2.91%

Frandsen Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 422 originations. The second most popular income band? $50k-75k, with 421 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 590 $128,940,000 $218,542 $3,530 2.88%
30-36% 435 $91,735,000 $210,885 $3,728 3.03%
<20% 261 $51,775,000 $198,372 $3,296 2.78%
36% 73 $15,375,000 $210,616 $3,627 2.98%
43% 72 $15,120,000 $210,000 $3,580 2.90%
39% 65 $13,975,000 $215,000 $3,986 3.07%
41% 63 $12,335,000 $195,794 $3,824 2.89%
40% 60 $14,000,000 $233,333 $3,956 3.04%
42% 58 $12,160,000 $209,655 $3,784 2.90%
38% 54 $9,600,000 $177,778 $3,666 3.10%
37% 53 $10,105,000 $190,660 $3,706 3.16%
44% 53 $12,205,000 $230,283 $3,601 3.05%
45% 18 $4,330,000 $240,556 $4,663 2.74%
46% 18 $4,190,000 $232,778 $4,488 3.14%
48% 14 $4,010,000 $286,429 $4,185 2.88%
47% 11 $2,425,000 $220,455 $3,116 2.96%
50-60% 11 $2,205,000 $200,455 $4,393 3.57%
>60% 9 $3,655,000 $406,111 $6,520 3.71%
49% 7 $1,855,000 $265,000 $4,290 3.38%

Frandsen Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 590 originations. The next most common DTI ratio? 30-36%, with 435 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,815 $383,135,000 $211,094 $3,625 2.95%
Not applicable 116 $33,690,000 $290,431 $0 3.95%
Not provided 104 $24,540,000 $235,962 $3,993 3.05%
Asian 11 $3,135,000 $285,000 $3,823 3.17%
American Indian 7 $1,065,000 $152,143 $3,501 3.28%
Native Hawaiian 1 $605,000 $605,000 $5,767 3.88%
Black 3 $535,000 $178,333 $3,522 2.29%

Approval Rates

Total approvals of all applications
95.20%

Frandsen Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
83.73%

Frandsen Bank & Trust has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
7.5 1 $25,000 $25,000
75.0 1 $95,000 $95,000
82.5 2 $100,000 $50,000
NA 2,053 $446,485,000 $217,479

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,057 $446,705,000 $217,163

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 155 $18,175,000 $117,258 $2,696 2.89%
40-60% 429 $81,765,000 $190,594 $3,283 2.79%
60-80% 980 $232,700,000 $237,449 $3,757 3.06%
80-100% 444 $110,700,000 $249,324 $4,354 3.08%
Over 100% 3 $1,015,000 $338,333 $6,746 3.41%
Under 20% 46 $2,350,000 $51,087 $1,202 4.04%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Fairway Independent Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 11 22.9%
Fairway Independent Mortgage Corporation Conventional home mortgage Closing on a mortgage 3 6.3%
Fairway Independent Mortgage Corporation Conventional home mortgage Struggling to pay mortgage 3 6.3%
Fairway Independent Mortgage Corporation Conventional home mortgage Trouble during payment process 11 22.9%
Fairway Independent Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.2%
Fairway Independent Mortgage Corporation FHA mortgage Closing on a mortgage 3 6.3%
Fairway Independent Mortgage Corporation FHA mortgage Struggling to pay mortgage 1 2.1%
Fairway Independent Mortgage Corporation FHA mortgage Trouble during payment process 2 4.2%
Fairway Independent Mortgage Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.1%
Fairway Independent Mortgage Corporation Other type of mortgage Closing on a mortgage 3 6.3%
Fairway Independent Mortgage Corporation Other type of mortgage Struggling to pay mortgage 1 2.1%
Fairway Independent Mortgage Corporation Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.1%
Fairway Independent Mortgage Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.2%
Fairway Independent Mortgage Corporation VA mortgage Closing on a mortgage 1 2.1%
Fairway Independent Mortgage Corporation VA mortgage Trouble during payment process 3 6.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Frandsen Bank & Trust 100 North Minnesota Street New Ulm, MN 56073 Full Service B&M $93,623
Frandsen Bank & Trust 331 West Superior Street Duluth, MN 55802 Full Service B&M $35,942
Frandsen Bank & Trust 341 Fourth Avenue Foley, MN 56329 Limited, Drive-thru $0
Frandsen Bank & Trust 341 Fourth Avenue Foley, MN 56329 Full Service B&M $75,472
Frandsen Bank & Trust 35470 Cty Rd 3 Crosslake, MN 56442 Full Service B&M $0
Frandsen Bank & Trust 3585 Us Highway 61 North Vadnais Heights, MN 55110 Full Service B&M $74,706
Frandsen Bank & Trust 410 Second Street West Ada, MN 56510 Full Service B&M $47,694
Frandsen Bank & Trust 415 Main St Tower, MN 55790 Full Service B&M $20,510
Frandsen Bank & Trust 4251 Southtowne Drive Eau Claire, WI 54701 Full Service B&M $104,023
Frandsen Bank & Trust 501 Chestnut St Virginia, MN 55792 Full Service B&M $121,398
Frandsen Bank & Trust 524-528 North First Street Warren, MN 56762 Full Service B&M $34,661
Frandsen Bank & Trust 560 East Third Avenue Pine City, MN 55063 Full Service B&M $72,384
Frandsen Bank & Trust 712 Hwy 33 S. Cloquet, MN 55720 Full Service B&M $80,121
Frandsen Bank & Trust 715 Stafford Road North Dundas, MN 55019 Full Service B&M $60,463
Frandsen Bank & Trust 165 Main St Clinton, MN 56225 Full Service B&M $64,983
Frandsen Bank & Trust 1661 Commerce Drive North Mankato, MN 56003 Full Service B&M $0
Frandsen Bank & Trust 200 Creek Lane Jordan, MN 55352 Full Service B&M $68,854
Frandsen Bank & Trust 200 Main Street South Luck, WI 54853 Full Service B&M $57,900
Frandsen Bank & Trust 2001 West Broadway Avenue Forest Lake, MN 55025 Full Service B&M $84,637
Frandsen Bank & Trust 20280 Iberia Avenue Lakeville, MN 55044 Full Service B&M $52,533
Frandsen Bank & Trust 205 South Main Street Bird Island, MN 55310 Full Service B&M $46,976
Frandsen Bank & Trust 206 Main Street Hector, MN 55342 Full Service B&M $48,991
Frandsen Bank & Trust 212 Main Street Oslo, MN 56744 Full Service B&M $28,797
Frandsen Bank & Trust 24110 Smiley Road Nisswa, MN 56468 Full Service B&M $0
Frandsen Bank & Trust 245 Belgrade Avenue North Mankato, MN 56003 Limited, Drive-thru $0
Frandsen Bank & Trust 245 Belgrade Avenue North Mankato, MN 56003 Full Service B&M $157,681
Frandsen Bank & Trust 320 East Main Street Waterville, MN 56096 Full Service B&M $33,352
Frandsen Bank & Trust 7303 161st Street Lakeville, MN 55044 Full Service B&M $26,823
Frandsen Bank & Trust 7429 Excelsior Rd Baxter, MN 56425 Full Service B&M $88,543
Frandsen Bank & Trust 100 S Park St Fairfax, MN 55332 Full Service B&M $35,799
Frandsen Bank & Trust 102 East Sheridan Ely, MN 55731 Full Service B&M $34,673
Frandsen Bank & Trust 10583 Main Street Hayward, WI 54843 Full Service B&M $182,960
Frandsen Bank & Trust 116 Central Street West Lonsdale, MN 55046 Full Service B&M $68,996
Frandsen Bank & Trust 121 South Main Braham, MN 55006 Full Service B&M $52,338
Frandsen Bank & Trust 125 First Street South Montgomery, MN 56069 Full Service B&M $86,881
Frandsen Bank & Trust 1413 Central Avenue, N.W. East Grand Forks, MN 56721 Full Service B&M $87,579
Frandsen Bank & Trust 1580 Madison Avenue Mankato, MN 56001 Full Service B&M $0
Frandsen Bank & Trust 1616 South Washington Street Grand Forks, ND 58201 Full Service B&M $136,480

For 2021, Frandsen Bank & Trust had 38 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $86,823
Net interest income $84,758
Total noninterest income $28,136
Gross Fiduciary activities income $2,734
Service charges on deposit accounts $3,273
Trading account gains and fees $0
Additional Noninterest Income $22,129
Pre-tax net operating income $41,930
Securities gains (or losses, -) $186
Income before extraordinary items $38,960
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $38,960
Minority interest net income $0
Net income $38,960
Sale, conversion, retirement of capital stock, net $0
Net operating income $38,787

Frandsen Bank & Trust's gross interest income from loans was $86,823,000.
Frandsen Bank & Trust's net interest income from loans was $84,758,000.
Frandsen Bank & Trust's fee based income from loans was $3,273,000.
Frandsen Bank & Trust's net income from loans was $38,960,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,065
Provision for credit losses $750
Total noninterest expense $70,214
Salaries and employee benefits $42,879
Premises and equipment expense $6,320
Additional noninterest expense $21,015
Applicable income taxes $3,156
Net charge-offs $-150
Cash dividends $31,537

Frandsen Bank & Trust's interest expense for loans was $2,065,000.
Frandsen Bank & Trust's payroll and benefits expense were $42,879,000.
Frandsen Bank & Trust's property, plant and equipment expenses $6,320,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $2,378,448
Deposits held in domestic offices $2,378,448
Deposits by Individuals, partnerships, and corporations $2,225,812
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $152,630
Deposits by Commercial banks and other depository institutions in U.S. $6
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $133,372
Demand deposits $133,366
Nontransaction accounts $2,245,076
Money market deposit accounts (MMDAs) $479,721
Other savings deposits (excluding MMDAs) $1,637,629
Total time deposits $127,727
Total time and savings deposits $2,245,082
Noninterest-bearing deposits $769,697
Interest-bearing deposits $1,608,751
Retail deposits $2,352,107
IRAs and Keogh plan accounts $34,260
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,730,710
Cash & Balances due from depository institutions $35,770
Interest-bearing balances $2,327
Total securities $893,745
Federal funds sold & reverse repurchase $0
Net loans and leases $1,574,140
Loan and leases loss allowance $22,469
Trading account assets $0
Bank premises and fixed assets $33,246
Other real estate owned $35
Goodwill and other intangibles $116,866
All other assets $76,908

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,730,710
Total Liabilities $2,438,575
Total deposits $2,378,448
Interest-bearing deposits $1,608,751
Deposits held in domestic offices $2,378,448
% insured (estimated) $83
Federal funds purchased and repurchase agreements $33,775
Trading liabilities $0
Other borrowed funds $12,200
Subordinated debt $0
All other liabilities $14,152

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,574,140
Loan and leases loss allowance $22,469
Total loans and leases (domestic) $1,596,609
All real estate loans $1,223,048
Real estate loans in domestic offices $1,223,048
Construction and development loans $107,210
Residential 1-4 family construction $26,421
Other construction, all land development and other land $80,789
Loans secured by nonfarm nonresidential properties $471,269
Nonfarm nonresidential secured by owner-occupied properties $235,132
Commercial real estate & other non-farm, non-residential $236,137
Multifamily residential real estate $79,261
1-4 family residential loans $449,722
Farmland loans $115,586
Loans held in foreign offices $0
Farm loans $99,522
Commercial and industrial loans $198,757
To non-U.S. addressees $0
Loans to individuals $38,514
Credit card loans $0
Related Plans $1,671
Consumer Auto Loans $14,455
Other loans to individuals $22,388
All other loans & leases $36,768
Loans to foreign governments and official institutions $0
Other loans $1,763
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $1,717
Non 1-4 family restructured loans & leases $529
Total loans and leases (foreign) $0

Frandsen Bank & Trust had $1,574,140,000 of loans outstanding in 2021. $1,223,048,000 of loans were in real estate loans. $107,210,000 of loans were in development loans. $79,261,000 of loans were in multifamily mortgage loans. $449,722,000 of loans were in 1-4 family mortgage loans. $99,522,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,455,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 758 $166,939 $220,236
Nonfarm, nonresidential loans - <$100k 176 $8,056 $45,773
Nonfarm, nonresidential loans - $100-250k 282 $37,212 $131,957
Nonfarm, nonresidential loans - $250k-1MM 300 $121,671 $405,570
Commercial & Industrial, US addressed loans - <$1MM 1,467 $137,858 $93,973
Commercial & Industrial, US addressed loans - <$100k 1,157 $82,000 $70,873
Commercial & Industrial, US addressed loans - $100-250k 192 $18,791 $97,870
Commercial & Industrial, US addressed loans - $250k-1MM 118 $37,067 $314,127
Farmland loans - <$1MM 422 $78,810 $186,754
Farmland loans - <$100k 127 $5,901 $46,465
Farmland loans - $100-250k 148 $17,253 $116,574
Farmland loans - $250k-1MM 147 $55,656 $378,612
Agriculture operations loans - <$1MM 836 $54,447 $65,128
Agriculture operations loans - <$100k 445 $11,856 $26,643
Agriculture operations loans - $100-250k 196 $19,214 $98,031
Agriculture operations loans - $250k-1MM 195 $23,377 $119,882