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

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & 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 by origination volume include: Minneapolis, Duluth, Grand Forks, Brainerd, and Faribault among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Frandsen Bank & Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Frandsen Bank & Trust is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.55% 3/19/23
    30 Year Conventional Refi 6.46% 3/19/23
    30 Year Cash-out Refi 6.51% 3/19/23
    30 Year FHA Purchase 6.27% 3/19/23
    30 Year VA Purchase 6.27% 3/19/23
    30 Year VA Refi 6.27% 3/19/23
    30 Year USDA Purchase 6.72% 3/19/23
    30 Year USDA Refi 6.64% 3/19/23
    15 Year Conventional Purchase 6.38% 3/19/23
    15 Year Conventional Refi 6.05% 3/19/23
    15 Year Cash-out Refi 6.05% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    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 mortgage rate was 3.04%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

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

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

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    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.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Frandsen Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Prevail Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Frandsen Bank & Trust's most frequently originated type of loan was Conventional, with 2,038 originations. Their 2nd most popular type was USDA, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Frandsen Bank & Trust's most frequently cited loan purpose was Refi, with 829 originations. The 2nd most popular reason was 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 2021, Frandsen Bank & Trust's most frequently cited loan duration was 30 Year, with 888 originations. The 2nd most popular length was 15 Year, with 739 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 190 $65,290,000 $343,632
    $4k-5k 64 $29,180,000 $455,938
    $5k+ 33 $20,145,000 $610,455

    Frandsen Bank & Trust's average total fees were $3,891, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.04%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    96.55%

    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
    83.52%

    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 165 Main St Clinton, MN 56225 Full Service B&M $64,983
    Frandsen Bank & Trust 100 North Minnesota Street New Ulm, MN 56073 Full Service B&M $93,623
    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
    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 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 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

    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