Frandsen Bank & Trust Mortgage Rates, Fees & Info

Lonsdale, MN

LEI: 549300ZZZUYWXK72JD21

Tax ID: 41-0947097

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Frandsen Bank & Trust is a smaller bank specializing in 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 32 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 a low 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.61% 4/21/24
    30 Year Conventional Refi 6.76% 4/21/24
    30 Year Cash-out Refi 6.56% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    30 Year VA Refi 6.27% 4/21/24
    30 Year USDA Purchase 6.76% 4/21/24
    15 Year Conventional Purchase 6.34% 4/21/24
    15 Year Conventional Refi 6.39% 4/21/24
    15 Year Cash-out Refi 6.39% 4/21/24
    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.

    Frandsen Bank & Trust Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Frandsen Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    835

    Origination Dollar Volume (All Markets)

    $153,115,000

    Employee count

    380

    Awards

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

    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) 193 $50,935,000 $263,912 $3,812 4.79%
    DULUTH, MN-WI (FHA|USDA|VA) 182 $25,050,000 $137,637 $3,334 4.94%
    Outside of Metro Areas 130 $15,670,000 $120,538 $2,894 4.98%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 83 $11,495,000 $138,494 $3,150 5.00%
    Brainerd, MN (FHA|USDA|VA) 48 $10,540,000 $219,583 $2,936 4.95%
    Faribault-Northfield, MN (FHA|USDA|VA) 48 $9,240,000 $192,500 $3,272 4.99%
    MANKATO, MN (FHA|USDA|VA) 40 $7,630,000 $190,750 $3,099 4.64%
    BISMARCK, ND (FHA|USDA|VA) 2 $4,310,000 $2,155,000 $0 3.99%
    New Ulm, MN (FHA|USDA|VA) 39 $3,605,000 $92,436 $2,240 4.84%
    ST. CLOUD, MN (FHA|USDA|VA) 21 $3,055,000 $145,476 $3,473 5.00%
    Austin, MN (FHA|USDA|VA) 8 $1,610,000 $201,250 $3,667 4.50%
    Aberdeen, SD (FHA|USDA|VA) 1 $1,345,000 $1,345,000 $0 4.58%
    Fergus Falls, MN (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $8,640 4.38%
    Grand Rapids, MN (FHA|USDA|VA) 6 $970,000 $161,667 $3,185 4.93%
    FARGO, ND-MN (FHA|USDA|VA) 5 $805,000 $161,000 $3,692 4.48%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $700,000 $175,000 $4,979 4.32%
    ROCHESTER, MN (FHA|USDA|VA) 2 $600,000 $300,000 $3,392 3.94%
    Red Wing, MN (FHA|USDA|VA) 4 $580,000 $145,000 $4,158 5.09%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $565,000 $565,000 $10,765 5.40%
    Willmar, MN (FHA|USDA|VA) 1 $555,000 $555,000 $7,620 5.88%
    Bemidji, MN (FHA|USDA|VA) 3 $495,000 $165,000 $4,188 4.54%
    Hutchinson, MN (FHA|USDA|VA) 3 $385,000 $128,333 $3,961 5.52%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,640 4.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $255,000 $255,000 $6,839 4.50%
    Brookings, SD (FHA|USDA|VA) 1 $235,000 $235,000 $5,216 4.63%
    MADISON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,305 4.50%
    Alexandria, MN (FHA|USDA|VA) 1 $215,000 $215,000 $2,740 4.88%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $215,000 $215,000 $3,330 4.95%
    Fairmont, MN (FHA|USDA|VA) 1 $185,000 $185,000 $4,111 4.50%
    Winona, MN (FHA|USDA|VA) 1 $155,000 $155,000 $3,483 5.74%
    Clinton, IA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.25%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $3,788 4.25%
    Frandsen Bank & Trust's top markets include Minneapolis, Duluth, Grand Forks, Brainerd, and Faribault among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Florida (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.

    GREAT RIVER FEDERAL CREDIT UNION
    Similarity Rank: 12
    Prevail Bank
    Similarity Rank: 27
    United Bank a division of Citizens Community Federal N A
    Similarity Rank: 44
    The Miners National Bank of Eveleth
    Similarity Rank: 78
    Western National Bank
    Similarity Rank: 110
    CO-OP Credit Union
    Similarity Rank: 144
    Regent Financial Group, Inc.
    Similarity Rank: 450
    Cornerstone State Bank
    Similarity Rank: 468
    SUPERIOR CHOICE
    Similarity Rank: 616
    North Shore Bank of Commerce
    Similarity Rank: 630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 814 $150,560,000 $184,963 $3,304 4.90%
    USDA 21 $2,555,000 $121,667 $4,455 4.37%

    For 2018, Frandsen Bank & Trust's most frequently originated type of loan was Conventional, with 814 originations. Their 2nd most popular type was USDA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 531 $111,115,000 $209,256 $3,844 4.81%
    Refi 141 $24,505,000 $173,794 $2,360 4.99%
    Cash Out Refi 73 $12,025,000 $164,726 $3,870 4.45%
    Other 47 $3,135,000 $66,702 $1,533 5.59%
    Home Improvement 43 $2,335,000 $54,302 $1,096 5.53%

    For 2018, Frandsen Bank & Trust's most frequently cited loan purpose was Home Purchase, with 531 originations. The 2nd most popular reason was Refi, with 141 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 397 $77,825,000 $196,033 $3,888 4.72%
    15 Year 150 $22,440,000 $149,600 $3,060 4.64%
    20 Year 92 $13,300,000 $144,565 $2,787 5.17%
    Other 81 $11,505,000 $142,037 $2,127 5.39%
    5 Year 53 $17,235,000 $325,189 $745 5.44%
    10 Year 40 $5,650,000 $141,250 $1,378 5.16%
    30+ year 10 $3,520,000 $352,000 $7,429 4.13%
    3 Year 7 $1,055,000 $150,714 $2,364 5.02%
    1 Year 5 $585,000 $117,000 $0 5.68%

    For 2018, Frandsen Bank & Trust's most frequently cited loan duration was 30 Year, with 397 originations. The 2nd most popular length was 15 Year, with 150 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 258 $31,890,000 $123,605
    $1k-2k 246 $30,890,000 $125,569
    $2k-3k 145 $29,325,000 $202,241
    $3k-4k 52 $15,670,000 $301,346
    $4k-5k 24 $9,300,000 $387,500
    $5k+ 14 $7,240,000 $517,143

    Frandsen Bank & Trust's average total fees were $3,888, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 258 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 483 $101,905,000 $210,983
    5-6% 198 $25,490,000 $128,737
    3-4% 87 $21,115,000 $242,701
    6-7% 60 $4,360,000 $72,667
    7-8% 4 $210,000 $52,500
    Over 8% 2 $30,000 $15,000

    During 2018, Frandsen Bank & Trust's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 483 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 303 $18,145,000 $59,884 $1,919 5.23%
    $100k-200k 295 $43,495,000 $147,441 $3,448 4.73%
    $200k-400k 196 $53,950,000 $275,255 $4,539 4.66%
    $400k-600k 27 $12,415,000 $459,815 $6,201 4.70%
    $600k-1MM 8 $5,730,000 $716,250 $6,016 4.74%
    $1MM+ 6 $19,380,000 $3,230,000 $8,640 4.36%

    2018 saw Frandsen Bank & Trust place emphasis on $100,000 or less loans with 303 originations, totaling $18,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 187 $24,375,000 $130,348 $3,093 4.83%
    $50k or less 162 $14,670,000 $90,556 $2,752 4.94%
    $100k-150k 150 $30,510,000 $203,400 $3,710 4.81%
    $75k-100k 138 $21,910,000 $158,768 $3,379 4.90%
    $150k-250k 83 $17,295,000 $208,373 $3,782 4.89%
    $250k+ 48 $16,270,000 $338,958 $4,716 4.90%

    Frandsen Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 187 originations. The second most popular income band? $50k or less, with 162 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 235 $34,425,000 $146,489 $3,140 4.88%
    30-36% 161 $26,575,000 $165,062 $3,329 4.88%
    <20% 88 $12,640,000 $143,636 $2,988 4.86%
    39% 35 $5,975,000 $170,714 $3,192 4.90%
    36% 31 $5,515,000 $177,903 $3,909 4.77%
    38% 31 $5,805,000 $187,258 $3,729 4.83%
    40% 29 $4,515,000 $155,690 $3,454 4.93%
    37% 25 $6,285,000 $251,400 $4,417 4.64%
    43% 24 $4,090,000 $170,417 $3,292 4.78%
    42% 20 $4,450,000 $222,500 $4,269 4.87%
    44% 19 $4,645,000 $244,474 $4,371 4.66%
    41% 18 $2,900,000 $161,111 $3,152 4.92%
    45% 13 $2,105,000 $161,923 $2,709 4.82%
    50-60% 8 $860,000 $107,500 $2,528 5.32%
    46% 8 $1,460,000 $182,500 $2,812 5.05%
    48% 8 $1,550,000 $193,750 $3,387 4.56%
    47% 7 $955,000 $136,429 $3,280 4.98%
    >60% 6 $1,360,000 $226,667 $3,776 4.94%
    49% 5 $765,000 $153,000 $3,638 4.87%

    Frandsen Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 235 originations. The next most common DTI ratio? 30-36%, with 161 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 742 $121,860,000 $164,232 $3,341 4.88%
    Not applicable 47 $23,725,000 $504,787 $0 5.09%
    Not provided 34 $5,810,000 $170,882 $3,224 4.71%
    Black 6 $770,000 $128,333 $2,937 5.29%
    Asian 2 $680,000 $340,000 $6,859 5.00%
    Native Hawaiian or Islander 2 $180,000 $90,000 $3,081 5.16%
    American Indian 2 $90,000 $45,000 $1,590 4.49%

    Approval Rates

    Total approvals of all applications
    91.52%

    Frandsen Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.24%

    Frandsen Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $5,000 $5,000
    197.5 1 $15,000 $15,000
    238.95 1 $25,000 $25,000
    692.5 1 $65,000 $65,000
    69.55 1 $5,000 $5,000
    NA 830 $153,000,000 $184,337

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $21,395,000 $1,258,529
    Single Family (1-4 Units):Manufactured 29 $1,875,000 $64,655
    Single Family (1-4 Units):Site-Built 789 $129,845,000 $164,569

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 89 $13,135,000 $147,584 $1,875 5.12%
    40-60% 112 $18,430,000 $164,554 $3,193 4.82%
    60-80% 327 $73,845,000 $225,826 $3,749 4.84%
    80-100% 244 $44,620,000 $182,869 $3,967 4.68%
    Under 20% 63 $3,085,000 $48,968 $873 5.74%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Fairway Independent Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.3%
    Fairway Independent Mortgage Corporation Conventional home mortgage Closing on a mortgage 3 18.8%
    Fairway Independent Mortgage Corporation Conventional home mortgage Struggling to pay mortgage 1 6.3%
    Fairway Independent Mortgage Corporation Conventional home mortgage Trouble during payment process 4 25.0%
    Fairway Independent Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 12.5%
    Fairway Independent Mortgage Corporation FHA mortgage Closing on a mortgage 1 6.3%
    Fairway Independent Mortgage Corporation FHA mortgage Trouble during payment process 1 6.3%
    Fairway Independent Mortgage Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.3%
    Fairway Independent Mortgage Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.3%
    Fairway Independent Mortgage Corporation VA mortgage Trouble during payment process 1 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 $69,388
    Frandsen Bank & Trust 100 S Park St Fairfax, MN 55332 Full Service B&M $23,315
    Frandsen Bank & Trust 102 East Sheridan Ely, MN 55731 Full Service B&M $16,721
    Frandsen Bank & Trust 116 Central Street West Lonsdale, MN 55046 Full Service B&M $50,965
    Frandsen Bank & Trust 121 South Main Braham, MN 55006 Full Service B&M $38,210
    Frandsen Bank & Trust 125 First Street South Montgomery, MN 56069 Full Service B&M $70,633
    Frandsen Bank & Trust 1413 Central Avenue, N.W. East Grand Forks, MN 56721 Full Service B&M $105,279
    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 $108,796
    Frandsen Bank & Trust 1661 Commerce Drive North Mankato, MN 56003 Full Service B&M $0
    Frandsen Bank & Trust 1823 South Broadway New Ulm, MN 56073 Full Service B&M $0
    Frandsen Bank & Trust 200 Creek Lane Jordan, MN 55352 Full Service B&M $42,131
    Frandsen Bank & Trust 200 Main Street South Luck, WI 54853 Full Service B&M $50,971
    Frandsen Bank & Trust 2001 West Broadway Avenue Forest Lake, MN 55025 Full Service B&M $41,097
    Frandsen Bank & Trust 20280 Iberia Avenue Lakeville, MN 55044 Full Service B&M $35,865
    Frandsen Bank & Trust 205 South Main Street Bird Island, MN 55310 Full Service B&M $36,845
    Frandsen Bank & Trust 206 Main Street Hector, MN 55342 Full Service B&M $44,032
    Frandsen Bank & Trust 212 Main Street Oslo, MN 56744 Full Service B&M $13,311
    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 $115,754
    Frandsen Bank & Trust 2755 10th Avenue North Grand Forks, ND 58203 Full Service B&M $0
    Frandsen Bank & Trust 320 East Main Street Waterville, MN 56096 Full Service B&M $26,128
    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 $64,279
    Frandsen Bank & Trust 35470 Cty Rd 3 Crosslake, MN 56442 Full Service B&M $0
    Frandsen Bank & Trust 404 West Superior Street Duluth, MN 55802 Full Service B&M $2,384
    Frandsen Bank & Trust 410 Second Street West Ada, MN 56510 Full Service B&M $40,780
    Frandsen Bank & Trust 415 Main St Tower, MN 55790 Full Service B&M $18,989
    Frandsen Bank & Trust 501 Chestnut St Virginia, MN 55792 Full Service B&M $110,532
    Frandsen Bank & Trust 524-528 North First Street Warren, MN 56762 Full Service B&M $35,684
    Frandsen Bank & Trust 560 East Third Avenue Pine City, MN 55063 Full Service B&M $57,388
    Frandsen Bank & Trust 712 Hwy 33 S. Cloquet, MN 55720 Full Service B&M $39,453
    Frandsen Bank & Trust 715 Stafford Road North Dundas, MN 55019 Full Service B&M $33,723
    Frandsen Bank & Trust 7303 161st Street Lakeville, MN 55044 Full Service B&M $15,599
    Frandsen Bank & Trust 7429 Excelsior Rd Baxter, MN 56425 Full Service B&M $62,250
    Frandsen Bank & Trust Main St. & Ushy 75 Clinton, MN 56225 Full Service B&M $43,597

    For 2018, Frandsen Bank & Trust had 37 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $64,713
    Net interest income $62,425
    Total noninterest income $18,658
    Gross Fiduciary activities income $2,016
    Service charges on deposit accounts $3,854
    Trading account gains and fees $0
    Additional Noninterest Income $12,788
    Pre-tax net operating income $25,883
    Securities gains (or losses, -) $-286
    Income before extraordinary items $25,585
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,585
    Minority interest net income $0
    Net income $25,585
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $25,871

    Frandsen Bank & Trust's gross interest income from loans was $64,713,000.
    Frandsen Bank & Trust's net interest income from loans was $62,425,000.
    Frandsen Bank & Trust's fee based income from loans was $3,854,000.
    Frandsen Bank & Trust's net income from loans was $25,585,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,288
    Provision for credit losses $450
    Total noninterest expense $54,750
    Salaries and employee benefits $32,215
    Premises and equipment expense $5,695
    Additional noninterest expense $16,840
    Applicable income taxes $12
    Net charge-offs $-286
    Cash dividends $24,652

    Frandsen Bank & Trust's interest expense for loans was $2,288,000.
    Frandsen Bank & Trust's payroll and benefits expense were $32,215,000.
    Frandsen Bank & Trust's property, plant and equipment expenses $5,695,000.

    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 $1,452,759
    Deposits held in domestic offices $1,452,759
    Deposits by Individuals, partnerships, and corporations $1,340,249
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $111,705
    Deposits by Commercial banks and other depository institutions in U.S. $804
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $87,038
    Demand deposits $79,306
    Nontransaction accounts $1,365,720
    Money market deposit accounts (MMDAs) $302,098
    Other savings deposits (excluding MMDAs) $930,808
    Total time deposits $132,816
    Total time and savings deposits $1,373,452
    Noninterest-bearing deposits $395,091
    Interest-bearing deposits $1,057,668
    Retail deposits $1,431,168
    IRAs and Keogh plan accounts $35,894
    Brokered deposits $12,871
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,706,892
    Cash & Balances due from depository institutions $54,511
    Interest-bearing balances $15,280
    Total securities $377,359
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,107,823
    Loan and leases loss allowance $12,972
    Trading account assets $0
    Bank premises and fixed assets $27,058
    Other real estate owned $2,267
    Goodwill and other intangibles $81,256
    All other assets $56,618

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,706,892
    Total Liabilities $1,502,783
    Total deposits $1,452,759
    Interest-bearing deposits $1,057,668
    Deposits held in domestic offices $1,452,759
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $21,531
    Trading liabilities $0
    Other borrowed funds $20,500
    Subordinated debt $0
    All other liabilities $7,993

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,107,823
    Loan and leases loss allowance $12,972
    Total loans and leases (domestic) $1,120,795
    All real estate loans $818,434
    Real estate loans in domestic offices $818,434
    Construction and development loans $79,420
    Residential 1-4 family construction $15,715
    Other construction, all land development and other land $63,705
    Loans secured by nonfarm nonresidential properties $288,951
    Nonfarm nonresidential secured by owner-occupied properties $161,085
    Commercial real estate & other non-farm, non-residential $127,866
    Multifamily residential real estate $35,692
    1-4 family residential loans $322,236
    Farmland loans $92,135
    Loans held in foreign offices $0
    Farm loans $100,744
    Commercial and industrial loans $149,899
    To non-U.S. addressees $0
    Loans to individuals $33,652
    Credit card loans $0
    Related Plans $1,439
    Consumer Auto Loans $12,103
    Other loans to individuals $20,110
    All other loans & leases $18,067
    Loans to foreign governments and official institutions $0
    Other loans $260
    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 $3,728
    Non 1-4 family restructured loans & leases $2,366
    Total loans and leases (foreign) $0

    Frandsen Bank & Trust had $1,107,823,000 of loans outstanding in 2018. $818,434,000 of loans were in real estate loans. $79,420,000 of loans were in development loans. $35,692,000 of loans were in multifamily mortgage loans. $322,236,000 of loans were in 1-4 family mortgage loans. $100,744,000 of loans were in farm loans. $0 of loans were in credit card loans. $12,103,000 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 667 $129,064 $193,499
    Nonfarm, nonresidential loans - <$100k 203 $11,522 $56,759
    Nonfarm, nonresidential loans - $100-250k 225 $27,369 $121,640
    Nonfarm, nonresidential loans - $250k-1MM 239 $90,173 $377,293
    Commercial & Industrial, US addressed loans - <$1MM 1,531 $140,533 $91,792
    Commercial & Industrial, US addressed loans - <$100k 1,268 $94,891 $74,835
    Commercial & Industrial, US addressed loans - $100-250k 169 $16,915 $100,089
    Commercial & Industrial, US addressed loans - $250k-1MM 94 $28,727 $305,606
    Farmland loans - <$1MM 470 $77,528 $164,953
    Farmland loans - <$100k 200 $14,005 $70,025
    Farmland loans - $100-250k 152 $18,650 $122,697
    Farmland loans - $250k-1MM 118 $44,873 $380,280
    Agriculture operations loans - <$1MM 909 $99,595 $109,565
    Agriculture operations loans - <$100k 795 $78,071 $98,203
    Agriculture operations loans - $100-250k 82 $9,783 $119,305
    Agriculture operations loans - $250k-1MM 32 $11,741 $366,906