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 and Refi 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, Brainerd, Grand Forks, and Mankato among others. We have data for 36 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

    1,133

    Origination Dollar Volume (All Markets)

    $205,895,000

    Employee count

    373

    Awards

    Frandsen Bank & Trust 30 Year Conventional Loans bronze Frandsen Bank & Trust 30 Year Conventional Loans gold Frandsen Bank & Trust 30 Year Conventional Loans bronze
    Show all (3) 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) 244 $56,690,000 $232,336 $3,705 4.12%
    DULUTH, MN-WI (FHA|USDA|VA) 200 $30,890,000 $154,450 $3,524 4.48%
    Outside of Metro Areas 210 $29,410,000 $140,048 $3,264 4.33%
    Brainerd, MN (FHA|USDA|VA) 107 $24,135,000 $225,561 $3,203 4.41%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 115 $17,815,000 $154,913 $3,358 4.45%
    MANKATO, MN (FHA|USDA|VA) 78 $16,350,000 $209,615 $3,541 3.98%
    Faribault-Northfield, MN (FHA|USDA|VA) 54 $9,850,000 $182,407 $3,545 4.26%
    New Ulm, MN (FHA|USDA|VA) 56 $6,800,000 $121,429 $2,787 4.32%
    ST. CLOUD, MN (FHA|USDA|VA) 18 $2,660,000 $147,778 $3,824 4.24%
    Austin, MN (FHA|USDA|VA) 6 $1,290,000 $215,000 $3,774 4.06%
    Hutchinson, MN (FHA|USDA|VA) 5 $1,135,000 $227,000 $4,309 3.77%
    Owatonna, MN (FHA|USDA|VA) 3 $825,000 $275,000 $5,117 4.37%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $820,000 $205,000 $4,936 3.97%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $660,000 $330,000 $2,404 4.08%
    Fergus Falls, MN (FHA|USDA|VA) 2 $650,000 $325,000 $5,438 3.81%
    FARGO, ND-MN (FHA|USDA|VA) 2 $570,000 $285,000 $5,745 3.56%
    Grand Rapids, MN (FHA|USDA|VA) 5 $535,000 $107,000 $3,117 4.66%
    Fairmont, MN (FHA|USDA|VA) 1 $495,000 $495,000 $0 4.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $485,000 $485,000 $2,280 3.88%
    Albert Lea, MN (FHA|USDA|VA) 1 $405,000 $405,000 $4,031 3.88%
    Willmar, MN (FHA|USDA|VA) 1 $365,000 $365,000 $5,894 3.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $320,000 $160,000 $2,811 3.81%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $2,660 3.75%
    Worthington, MN (FHA|USDA|VA) 1 $275,000 $275,000 $3,562 4.80%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $5,108 3.75%
    Red Wing, MN (FHA|USDA|VA) 2 $240,000 $120,000 $4,120 4.14%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $235,000 $235,000 $2,564 4.38%
    GREELEY, CO (FHA|USDA|VA) 1 $225,000 $225,000 $4,739 3.75%
    Watertown, SD (FHA|USDA|VA) 1 $215,000 $215,000 $5,002 4.48%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,995 3.50%
    ROCHESTER, MN (FHA|USDA|VA) 1 $165,000 $165,000 $4,367 5.13%
    Marshall, MN (FHA|USDA|VA) 2 $160,000 $80,000 $2,652 4.23%
    Alexandria, MN (FHA|USDA|VA) 1 $155,000 $155,000 $4,140 4.00%
    Spirit Lake, IA (FHA|USDA|VA) 1 $145,000 $145,000 $3,414 4.76%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,464 5.08%
    Bemidji, MN (FHA|USDA|VA) 1 $55,000 $55,000 $1,631 4.92%
    Frandsen Bank & Trust's top markets include Minneapolis, Duluth, Brainerd, Grand Forks, and Mankato among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • Wisconsin (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
    Similarity Rank: 48
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 156
    Western National Bank
    Similarity Rank: 156
    CO-OP Credit Union
    Similarity Rank: 204
    The Miners National Bank of Eveleth
    Similarity Rank: 335
    Citizens State Bank of La Crosse
    Similarity Rank: 406
    First International Bank & Trust
    Similarity Rank: 560
    SUPERIOR CHOICE
    Similarity Rank: 606
    North Shore Bank of Commerce
    Similarity Rank: 670
    South Metro Federal Credit Union
    Similarity Rank: 1088

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,111 $202,985,000 $182,705 $3,425 4.30%
    USDA 22 $2,910,000 $132,273 $5,183 4.00%

    For 2019, Frandsen Bank & Trust's most frequently originated type of loan was Conventional, with 1,111 originations. Their 2nd most popular type was USDA, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 608 $114,260,000 $187,928 $3,812 4.34%
    Refi 258 $51,470,000 $199,496 $3,124 4.27%
    Cash Out Refi 182 $34,570,000 $189,945 $3,701 3.81%
    Home Improvement 43 $2,625,000 $61,047 $1,388 5.07%
    Other 42 $2,970,000 $70,714 $1,809 5.13%

    For 2019, Frandsen Bank & Trust's most frequently cited loan purpose was Home Purchase, with 608 originations. The 2nd most popular reason was Refi, with 258 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 591 $126,385,000 $213,849 $3,830 4.10%
    15 Year 243 $36,035,000 $148,292 $3,207 3.96%
    20 Year 115 $18,135,000 $157,696 $3,107 4.47%
    Other 61 $7,765,000 $127,295 $1,895 5.68%
    5 Year 57 $7,815,000 $137,105 $683 5.41%
    10 Year 30 $3,240,000 $108,000 $2,168 4.64%
    1 Year 24 $4,210,000 $175,417 $3,335 4.70%
    3 Year 8 $750,000 $93,750 $2,473 5.32%
    30+ year 4 $1,560,000 $390,000 $8,126 3.99%

    For 2019, Frandsen Bank & Trust's most frequently cited loan duration was 30 Year, with 591 originations. The 2nd most popular length was 15 Year, with 243 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 333 $44,715,000 $134,279
    $<1k 331 $53,505,000 $161,647
    $2k-3k 245 $50,955,000 $207,980
    $3k-4k 76 $22,550,000 $296,711
    $4k-5k 26 $9,720,000 $373,846
    $5k+ 18 $7,710,000 $428,333

    Frandsen Bank & Trust's average total fees were $3,830, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 333 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 527 $108,535,000 $205,949
    4-5% 396 $72,340,000 $182,677
    5-6% 134 $16,640,000 $124,179
    6-7% 38 $2,550,000 $67,105
    2.5-3% 26 $5,130,000 $197,308
    7-8% 9 $435,000 $48,333
    Over 8% 2 $120,000 $60,000
    <2.5% 1 $145,000 $145,000

    During 2019, Frandsen Bank & Trust's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 527 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 435 $64,105,000 $147,368 $3,452 4.16%
    $200k-400k 342 $95,070,000 $277,982 $4,324 4.05%
    $100,000 or less 297 $17,785,000 $59,882 $2,016 4.79%
    $400k-600k 53 $24,535,000 $462,925 $5,081 4.08%
    $600k-1MM 6 $4,400,000 $733,333 $7,507 4.47%

    2019 saw Frandsen Bank & Trust place emphasis on $100k-200k loans with 435 originations, totaling $64,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 265 $56,715,000 $214,019 $3,643 4.28%
    $50k-75k 249 $36,175,000 $145,281 $3,279 4.23%
    $50k or less 184 $18,670,000 $101,467 $2,946 4.41%
    $75k-100k 179 $34,205,000 $191,089 $3,699 4.10%
    $150k-250k 109 $26,745,000 $245,367 $3,787 4.21%
    $250k+ 49 $16,595,000 $338,673 $4,426 4.37%

    Frandsen Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 265 originations. The second most popular income band? $50k-75k, with 249 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 277 $50,445,000 $182,112 $3,424 4.15%
    30-36% 237 $44,145,000 $186,266 $3,489 4.22%
    <20% 113 $16,495,000 $145,973 $3,265 4.24%
    39% 56 $10,800,000 $192,857 $3,391 4.34%
    36% 53 $10,365,000 $195,566 $3,168 4.12%
    37% 51 $9,775,000 $191,667 $3,404 4.22%
    38% 49 $7,935,000 $161,939 $3,287 4.48%
    43% 36 $6,950,000 $193,056 $3,590 4.11%
    42% 35 $6,975,000 $199,286 $4,118 4.18%
    40% 34 $7,330,000 $215,588 $4,085 4.24%
    41% 32 $7,100,000 $221,875 $3,313 4.15%
    44% 26 $4,620,000 $177,692 $3,664 4.23%
    47% 13 $2,905,000 $223,462 $4,431 3.95%
    50-60% 13 $2,005,000 $154,231 $3,127 4.84%
    45% 10 $1,860,000 $186,000 $3,365 4.66%
    >60% 10 $1,440,000 $144,000 $3,477 4.83%
    48% 6 $1,140,000 $190,000 $3,589 4.56%
    49% 6 $1,300,000 $216,667 $3,067 4.72%
    46% 4 $1,020,000 $255,000 $4,536 4.05%

    Frandsen Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 277 originations. The next most common DTI ratio? 30-36%, with 237 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,017 $185,425,000 $182,325 $3,453 4.23%
    Not applicable 64 $9,980,000 $155,938 $0 5.23%
    Not provided 43 $8,535,000 $198,488 $3,552 4.24%
    Asian 6 $1,640,000 $273,333 $4,353 4.13%
    American Indian 2 $210,000 $105,000 $4,049 6.12%
    Other Pacific Islander 1 $105,000 $105,000 $4,095 7.10%

    Approval Rates

    Total approvals of all applications
    94.09%

    Frandsen Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.35%

    Frandsen Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 3 $435,000 $145,000
    282.5 1 $35,000 $35,000
    382.5 1 $25,000 $25,000
    495.4 1 $25,000 $25,000
    82.5 1 $35,000 $35,000
    NA 1,126 $205,340,000 $182,362

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $3,045,000 $338,333
    Single Family (1-4 Units):Manufactured 40 $3,820,000 $95,500
    Single Family (1-4 Units):Site-Built 1,084 $199,030,000 $183,607

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 112 $12,310,000 $109,911 $2,291 4.48%
    40-60% 172 $30,030,000 $174,593 $3,341 4.13%
    60-80% 467 $96,015,000 $205,600 $3,759 4.24%
    80-100% 326 $65,260,000 $200,184 $3,930 4.20%
    Over 100% 1 $125,000 $125,000 $2,969 4.85%
    Under 20% 55 $2,155,000 $39,182 $951 5.42%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Fairway Independent Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 28.6%
    Fairway Independent Mortgage Corporation Conventional home mortgage Closing on a mortgage 4 19.0%
    Fairway Independent Mortgage Corporation Conventional home mortgage Struggling to pay mortgage 1 4.8%
    Fairway Independent Mortgage Corporation Conventional home mortgage Trouble during payment process 4 19.0%
    Fairway Independent Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 14.3%
    Fairway Independent Mortgage Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 9.5%
    Fairway Independent Mortgage Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.8%

    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 $80,214
    Frandsen Bank & Trust 100 S Park St Fairfax, MN 55332 Full Service B&M $27,608
    Frandsen Bank & Trust 102 East Sheridan Ely, MN 55731 Full Service B&M $17,012
    Frandsen Bank & Trust 116 Central Street West Lonsdale, MN 55046 Full Service B&M $53,805
    Frandsen Bank & Trust 121 South Main Braham, MN 55006 Full Service B&M $41,539
    Frandsen Bank & Trust 125 First Street South Montgomery, MN 56069 Full Service B&M $72,532
    Frandsen Bank & Trust 1413 Central Avenue, N.W. East Grand Forks, MN 56721 Full Service B&M $94,886
    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 $105,653
    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 $41,750
    Frandsen Bank & Trust 200 Main Street South Luck, WI 54853 Full Service B&M $55,859
    Frandsen Bank & Trust 2001 West Broadway Avenue Forest Lake, MN 55025 Full Service B&M $44,149
    Frandsen Bank & Trust 20280 Iberia Avenue Lakeville, MN 55044 Full Service B&M $40,345
    Frandsen Bank & Trust 205 South Main Street Bird Island, MN 55310 Full Service B&M $34,990
    Frandsen Bank & Trust 206 Main Street Hector, MN 55342 Full Service B&M $40,041
    Frandsen Bank & Trust 212 Main Street Oslo, MN 56744 Full Service B&M $12,902
    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 $114,244
    Frandsen Bank & Trust 320 East Main Street Waterville, MN 56096 Full Service B&M $27,387
    Frandsen Bank & Trust 331 West Superior Street Duluth, MN 55802 Full Service B&M $26,530
    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 $69,605
    Frandsen Bank & Trust 35470 Cty Rd 3 Crosslake, MN 56442 Full Service B&M $0
    Frandsen Bank & Trust 410 Second Street West Ada, MN 56510 Full Service B&M $35,566
    Frandsen Bank & Trust 415 Main St Tower, MN 55790 Full Service B&M $17,675
    Frandsen Bank & Trust 501 Chestnut St Virginia, MN 55792 Full Service B&M $93,799
    Frandsen Bank & Trust 524-528 North First Street Warren, MN 56762 Full Service B&M $33,298
    Frandsen Bank & Trust 560 East Third Avenue Pine City, MN 55063 Full Service B&M $53,867
    Frandsen Bank & Trust 712 Hwy 33 S. Cloquet, MN 55720 Full Service B&M $47,225
    Frandsen Bank & Trust 715 Stafford Road North Dundas, MN 55019 Full Service B&M $37,139
    Frandsen Bank & Trust 7303 161st Street Lakeville, MN 55044 Full Service B&M $18,023
    Frandsen Bank & Trust 7429 Excelsior Rd Baxter, MN 56425 Full Service B&M $67,546
    Frandsen Bank & Trust Main St. & Ushy 75 Clinton, MN 56225 Full Service B&M $43,643

    For 2019, Frandsen Bank & Trust had 36 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $69,429
    Net interest income $65,905
    Total noninterest income $18,321
    Gross Fiduciary activities income $2,005
    Service charges on deposit accounts $3,874
    Trading account gains and fees $0
    Additional Noninterest Income $12,442
    Pre-tax net operating income $28,286
    Securities gains (or losses, -) $-64
    Income before extraordinary items $28,210
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $28,210
    Minority interest net income $0
    Net income $28,210
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $28,274

    Frandsen Bank & Trust's gross interest income from loans was $69,429,000.
    Frandsen Bank & Trust's net interest income from loans was $65,905,000.
    Frandsen Bank & Trust's fee based income from loans was $3,874,000.
    Frandsen Bank & Trust's net income from loans was $28,210,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,524
    Provision for credit losses $550
    Total noninterest expense $55,390
    Salaries and employee benefits $32,773
    Premises and equipment expense $5,551
    Additional noninterest expense $17,066
    Applicable income taxes $12
    Net charge-offs $143
    Cash dividends $25,426

    Frandsen Bank & Trust's interest expense for loans was $3,524,000.
    Frandsen Bank & Trust's payroll and benefits expense were $32,773,000.
    Frandsen Bank & Trust's property, plant and equipment expenses $5,551,000.

    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 2.0%
    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 $1,431,891
    Deposits held in domestic offices $1,431,891
    Deposits by Individuals, partnerships, and corporations $1,333,071
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $96,866
    Deposits by Commercial banks and other depository institutions in U.S. $1,953
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $100,690
    Demand deposits $100,211
    Nontransaction accounts $1,331,200
    Money market deposit accounts (MMDAs) $274,902
    Other savings deposits (excluding MMDAs) $934,625
    Total time deposits $121,674
    Total time and savings deposits $1,331,679
    Noninterest-bearing deposits $388,075
    Interest-bearing deposits $1,043,816
    Retail deposits $1,414,042
    IRAs and Keogh plan accounts $31,716
    Brokered deposits $698
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,708,246
    Cash & Balances due from depository institutions $49,784
    Interest-bearing balances $12,764
    Total securities $334,945
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,152,948
    Loan and leases loss allowance $13,379
    Trading account assets $0
    Bank premises and fixed assets $26,274
    Other real estate owned $1,769
    Goodwill and other intangibles $81,966
    All other assets $60,560

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,708,245
    Total Liabilities $1,488,202
    Total deposits $1,431,891
    Interest-bearing deposits $1,043,816
    Deposits held in domestic offices $1,431,891
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $22,023
    Trading liabilities $0
    Other borrowed funds $25,500
    Subordinated debt $0
    All other liabilities $8,788

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,152,948
    Loan and leases loss allowance $13,379
    Total loans and leases (domestic) $1,166,327
    All real estate loans $837,709
    Real estate loans in domestic offices $837,709
    Construction and development loans $61,400
    Residential 1-4 family construction $16,607
    Other construction, all land development and other land $44,793
    Loans secured by nonfarm nonresidential properties $308,114
    Nonfarm nonresidential secured by owner-occupied properties $161,088
    Commercial real estate & other non-farm, non-residential $147,026
    Multifamily residential real estate $36,538
    1-4 family residential loans $333,506
    Farmland loans $98,151
    Loans held in foreign offices $0
    Farm loans $108,293
    Commercial and industrial loans $165,519
    To non-U.S. addressees $0
    Loans to individuals $35,119
    Credit card loans $0
    Related Plans $1,729
    Consumer Auto Loans $13,301
    Other loans to individuals $20,089
    All other loans & leases $19,687
    Loans to foreign governments and official institutions $0
    Other loans $707
    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 $3,622
    Non 1-4 family restructured loans & leases $2,375
    Total loans and leases (foreign) $0

    Frandsen Bank & Trust had $1,152,948,000 of loans outstanding in 2019. $837,709,000 of loans were in real estate loans. $61,400,000 of loans were in development loans. $36,538,000 of loans were in multifamily mortgage loans. $333,506,000 of loans were in 1-4 family mortgage loans. $108,293,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,301,000 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 689 $131,563 $190,948
    Nonfarm, nonresidential loans - <$100k 201 $11,296 $56,199
    Nonfarm, nonresidential loans - $100-250k 246 $31,166 $126,691
    Nonfarm, nonresidential loans - $250k-1MM 242 $89,101 $368,186
    Commercial & Industrial, US addressed loans - <$1MM 1,705 $142,564 $83,615
    Commercial & Industrial, US addressed loans - <$100k 1,434 $94,930 $66,199
    Commercial & Industrial, US addressed loans - $100-250k 175 $18,777 $107,297
    Commercial & Industrial, US addressed loans - $250k-1MM 96 $28,857 $300,594
    Farmland loans - <$1MM 475 $83,835 $176,495
    Farmland loans - <$100k 189 $15,221 $80,534
    Farmland loans - $100-250k 157 $19,368 $123,363
    Farmland loans - $250k-1MM 129 $49,246 $381,752
    Agriculture operations loans - <$1MM 933 $102,788 $110,169
    Agriculture operations loans - <$100k 811 $80,409 $99,148
    Agriculture operations loans - $100-250k 94 $10,692 $113,745
    Agriculture operations loans - $250k-1MM 28 $11,687 $417,393