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™
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    • 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 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, Brainerd, Grand Forks, and Mankato among others. We have data for 45 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% 4/18/24
    30 Year Conventional Refi 6.76% 4/18/24
    30 Year Cash-out Refi 6.56% 4/18/24
    30 Year FHA Purchase 6.27% 4/18/24
    30 Year VA Purchase 6.27% 4/18/24
    30 Year VA Refi 6.27% 4/18/24
    30 Year USDA Purchase 6.76% 4/18/24
    15 Year Conventional Purchase 6.34% 4/18/24
    15 Year Conventional Refi 6.39% 4/18/24
    15 Year Cash-out Refi 6.39% 4/18/24
    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

    2,262

    Origination Dollar Volume (All Markets)

    $479,220,000

    Employee count

    413 Show all (6) 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) 609 $149,805,000 $245,985 $3,844 3.05%
    DULUTH, MN-WI (FHA|USDA|VA) 414 $84,460,000 $204,010 $3,852 3.19%
    Outside of Metro Areas 385 $61,755,000 $160,403 $3,355 3.13%
    Brainerd, MN (FHA|USDA|VA) 155 $36,945,000 $238,355 $2,818 3.34%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 201 $36,165,000 $179,925 $3,745 3.06%
    MANKATO, MN (FHA|USDA|VA) 151 $33,725,000 $223,344 $3,086 3.07%
    Faribault-Northfield, MN (FHA|USDA|VA) 101 $21,905,000 $216,881 $4,029 2.88%
    New Ulm, MN (FHA|USDA|VA) 93 $14,385,000 $154,677 $2,934 3.22%
    ST. CLOUD, MN (FHA|USDA|VA) 36 $6,210,000 $172,500 $3,543 2.83%
    Houghton, MI (FHA|USDA|VA) 2 $4,590,000 $2,295,000 $2,779 3.36%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 13 $3,965,000 $305,000 $4,962 3.11%
    EAU CLAIRE, WI (FHA|USDA|VA) 12 $3,390,000 $282,500 $1,981 3.07%
    Grand Rapids, MN (FHA|USDA|VA) 10 $2,860,000 $286,000 $4,942 3.08%
    Hutchinson, MN (FHA|USDA|VA) 6 $2,280,000 $380,000 $3,764 3.06%
    FARGO, ND-MN (FHA|USDA|VA) 11 $2,085,000 $189,545 $4,059 3.57%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,420,000 $355,000 $5,129 3.28%
    Bemidji, MN (FHA|USDA|VA) 6 $1,210,000 $201,667 $3,940 2.75%
    Alexandria, MN (FHA|USDA|VA) 5 $1,035,000 $207,000 $3,634 3.39%
    Fairmont, MN (FHA|USDA|VA) 3 $975,000 $325,000 $3,051 3.31%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $905,000 $301,667 $4,038 2.96%
    Fergus Falls, MN (FHA|USDA|VA) 5 $875,000 $175,000 $3,509 2.68%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $860,000 $215,000 $4,032 2.84%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $735,000 $735,000 $11,349 2.38%
    ROCHESTER, MN (FHA|USDA|VA) 4 $680,000 $170,000 $3,038 3.28%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $670,000 $335,000 $2,403 2.94%
    Red Wing, MN (FHA|USDA|VA) 3 $625,000 $208,333 $4,158 2.71%
    Willmar, MN (FHA|USDA|VA) 3 $505,000 $168,333 $3,507 2.96%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $455,000 $455,000 $4,104 2.88%
    Marshall, MN (FHA|USDA|VA) 2 $440,000 $220,000 $4,214 3.25%
    Owatonna, MN (FHA|USDA|VA) 2 $330,000 $165,000 $3,084 2.81%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $305,000 $305,000 $5,373 3.25%
    GREELEY, CO (FHA|USDA|VA) 1 $285,000 $285,000 $5,116 3.58%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.65%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,352 2.63%
    Whitewater, WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,948 3.25%
    Spirit Lake, IA (FHA|USDA|VA) 1 $235,000 $235,000 $3,784 2.38%
    MADISON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $4,624 3.75%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $215,000 $215,000 $2,981 3.00%
    Albert Lea, MN (FHA|USDA|VA) 1 $205,000 $205,000 $3,289 3.55%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.75%
    Menomonie, WI (FHA|USDA|VA) 1 $145,000 $145,000 $3,366 2.75%
    OCALA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,567 2.50%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,829 2.38%
    Winona, MN (FHA|USDA|VA) 1 $65,000 $65,000 $2,575 2.50%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $65,000 $65,000 $2,231 2.75%
    Frandsen Bank & Trust's top markets include Minneapolis, Duluth, Brainerd, Grand Forks, and Mankato among others.

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

    Western National Bank
    Similarity Rank: 120
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 126
    NORTHWOODS
    Similarity Rank: 156
    Citizens State Bank
    Similarity Rank: 168
    SUPERIOR CHOICE
    Similarity Rank: 198
    Prevail Bank
    Similarity Rank: 378
    CO-OP Credit Union
    Similarity Rank: 378
    The Miners National Bank of Eveleth
    Similarity Rank: 400
    Peoples Bank Midwest
    Similarity Rank: 808
    Liberty Bank Minnesota
    Similarity Rank: 1176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,242 $476,130,000 $212,368 $3,583 3.11%
    USDA 20 $3,090,000 $154,500 $5,619 2.98%

    For 2020, Frandsen Bank & Trust's most frequently originated type of loan was Conventional, with 2,242 originations. Their 2nd most popular type was USDA, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,042 $230,030,000 $220,758 $3,319 3.01%
    Home Purchase 701 $147,415,000 $210,292 $3,994 3.28%
    Cash Out Refi 447 $91,975,000 $205,761 $3,780 2.98%
    Other 46 $6,720,000 $146,087 $2,859 3.76%
    Home Improvement 26 $3,080,000 $118,462 $2,728 3.85%

    For 2020, Frandsen Bank & Trust's most frequently cited loan purpose was Refi, with 1,042 originations. The 2nd most popular reason was Home Purchase, with 701 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,137 $259,175,000 $227,946 $3,825 3.12%
    15 Year 676 $125,800,000 $186,095 $3,388 2.75%
    20 Year 254 $48,180,000 $189,685 $3,452 3.34%
    5 Year 65 $12,005,000 $184,692 $1,405 4.50%
    Other 58 $18,830,000 $324,655 $3,465 3.72%
    10 Year 55 $11,815,000 $214,818 $2,128 3.58%
    1 Year 11 $2,005,000 $182,273 $4,287 4.59%
    30+ year 4 $1,340,000 $335,000 $7,326 3.99%
    3 Year 2 $70,000 $35,000 $0 5.35%

    For 2020, Frandsen Bank & Trust's most frequently cited loan duration was 30 Year, with 1,137 originations. The 2nd most popular length was 15 Year, with 676 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 646 $91,390,000 $141,471
    $<1k 610 $122,560,000 $200,918
    $2k-3k 579 $124,765,000 $215,484
    $3k-4k 216 $61,260,000 $283,611
    $4k-5k 72 $25,940,000 $360,278
    $5k+ 47 $23,435,000 $498,617

    Frandsen Bank & Trust's average total fees were $3,825, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 646 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 920 $198,360,000 $215,609
    3-4% 721 $170,305,000 $236,207
    <2.5% 428 $82,470,000 $192,687
    4-5% 144 $23,800,000 $165,278
    5-6% 36 $3,540,000 $98,333
    6-7% 11 $695,000 $63,182
    7-8% 1 $35,000 $35,000
    Over 8% 1 $15,000 $15,000

    During 2020, Frandsen Bank & Trust's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 920 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 905 $135,925,000 $150,193 $3,260 3.02%
    $200k-400k 835 $230,455,000 $275,994 $4,201 3.03%
    $100,000 or less 367 $25,435,000 $69,305 $2,382 3.49%
    $400k-600k 135 $63,665,000 $471,593 $4,875 3.06%
    $600k-1MM 13 $9,405,000 $723,462 $8,582 3.54%
    $1MM+ 7 $14,335,000 $2,047,857 $9,154 3.60%

    2020 saw Frandsen Bank & Trust place emphasis on $100k-200k loans with 905 originations, totaling $135,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 493 $113,115,000 $229,442 $3,826 3.07%
    $50k-75k 484 $77,910,000 $160,971 $3,444 3.06%
    $75k-100k 377 $76,795,000 $203,700 $3,777 3.02%
    $50k or less 325 $35,875,000 $110,385 $2,929 3.21%
    $150k-250k 312 $88,160,000 $282,564 $4,031 3.07%
    $250k+ 138 $47,930,000 $347,319 $4,087 3.17%

    Frandsen Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 493 originations. The second most popular income band? $50k-75k, with 484 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 680 $134,390,000 $197,632 $3,439 3.04%
    30-36% 488 $102,770,000 $210,594 $3,671 3.08%
    <20% 293 $57,955,000 $197,799 $3,311 3.01%
    38% 80 $18,390,000 $229,875 $4,062 3.12%
    37% 79 $16,755,000 $212,089 $3,739 3.06%
    36% 78 $16,610,000 $212,949 $3,907 3.11%
    44% 75 $16,765,000 $223,533 $3,721 3.07%
    40% 74 $15,980,000 $215,946 $3,739 3.06%
    43% 68 $15,240,000 $224,118 $3,948 3.14%
    39% 66 $13,550,000 $205,303 $3,868 3.15%
    42% 61 $13,535,000 $221,885 $3,958 2.99%
    41% 52 $10,270,000 $197,500 $3,854 3.07%
    47% 21 $4,775,000 $227,381 $3,466 3.02%
    45% 20 $4,420,000 $221,000 $4,021 3.08%
    46% 15 $2,655,000 $177,000 $3,378 3.49%
    >60% 14 $2,830,000 $202,143 $2,993 3.89%
    50-60% 12 $2,110,000 $175,833 $3,170 4.25%
    49% 9 $2,565,000 $285,000 $4,313 3.24%
    48% 6 $1,520,000 $253,333 $2,930 3.10%

    Frandsen Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 680 originations. The next most common DTI ratio? 30-36%, with 488 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,071 $427,575,000 $206,458 $3,590 3.07%
    Not provided 113 $24,085,000 $213,142 $3,763 3.21%
    Not applicable 57 $22,895,000 $401,667 $0 4.24%
    Asian 10 $2,320,000 $232,000 $3,560 2.89%
    American Indian 7 $1,615,000 $230,714 $4,373 2.80%
    Native Hawaiian or Islander 1 $385,000 $385,000 $2,789 2.50%
    Black 1 $215,000 $215,000 $4,630 2.63%
    Asian Indian 2 $130,000 $65,000 $0 4.63%

    Approval Rates

    Total approvals of all applications
    96.04%

    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
    85.90%

    Frandsen Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    382.5 1 $15,000 $15,000
    82.5 2 $30,000 $15,000
    NA 2,259 $479,175,000 $212,118

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $18,700,000 $1,038,889
    Single Family (1-4 Units):Manufactured 38 $3,810,000 $100,263
    Single Family (1-4 Units):Site-Built 2,206 $456,710,000 $207,031

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 176 $22,670,000 $128,807 $2,488 3.26%
    40-60% 441 $89,545,000 $203,050 $3,325 2.94%
    60-80% 1,090 $249,570,000 $228,963 $3,717 3.11%
    80-100% 522 $114,980,000 $220,268 $4,076 3.16%
    Over 100% 1 $245,000 $245,000 $6,559 3.50%
    Under 20% 32 $2,210,000 $69,063 $1,429 3.90%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Frontline Financial, LLC FHA mortgage Closing on a mortgage 1 100.0%

    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 $83,381
    Frandsen Bank & Trust 100 S Park St Fairfax, MN 55332 Full Service B&M $29,712
    Frandsen Bank & Trust 102 East Sheridan Ely, MN 55731 Full Service B&M $21,978
    Frandsen Bank & Trust 116 Central Street West Lonsdale, MN 55046 Full Service B&M $58,748
    Frandsen Bank & Trust 121 South Main Braham, MN 55006 Full Service B&M $44,611
    Frandsen Bank & Trust 125 First Street South Montgomery, MN 56069 Full Service B&M $78,591
    Frandsen Bank & Trust 1413 Central Avenue, N.W. East Grand Forks, MN 56721 Full Service B&M $76,424
    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 $115,415
    Frandsen Bank & Trust 165 Main St Clinton, MN 56225 Full Service B&M $53,799
    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 $51,210
    Frandsen Bank & Trust 200 Main Street South Luck, WI 54853 Full Service B&M $50,333
    Frandsen Bank & Trust 2001 West Broadway Avenue Forest Lake, MN 55025 Full Service B&M $73,505
    Frandsen Bank & Trust 20280 Iberia Avenue Lakeville, MN 55044 Full Service B&M $55,353
    Frandsen Bank & Trust 205 South Main Street Bird Island, MN 55310 Full Service B&M $39,406
    Frandsen Bank & Trust 206 Main Street Hector, MN 55342 Full Service B&M $39,720
    Frandsen Bank & Trust 212 Main Street Oslo, MN 56744 Full Service B&M $14,756
    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 $131,431
    Frandsen Bank & Trust 320 East Main Street Waterville, MN 56096 Full Service B&M $29,902
    Frandsen Bank & Trust 331 West Superior Street Duluth, MN 55802 Full Service B&M $33,813
    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 $64,555
    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 $40,931
    Frandsen Bank & Trust 415 Main St Tower, MN 55790 Full Service B&M $18,627
    Frandsen Bank & Trust 501 Chestnut St Virginia, MN 55792 Full Service B&M $110,499
    Frandsen Bank & Trust 524-528 North First Street Warren, MN 56762 Full Service B&M $35,458
    Frandsen Bank & Trust 560 East Third Avenue Pine City, MN 55063 Full Service B&M $60,611
    Frandsen Bank & Trust 712 Hwy 33 S. Cloquet, MN 55720 Full Service B&M $64,740
    Frandsen Bank & Trust 715 Stafford Road North Dundas, MN 55019 Full Service B&M $48,670
    Frandsen Bank & Trust 7303 161st Street Lakeville, MN 55044 Full Service B&M $26,038
    Frandsen Bank & Trust 7429 Excelsior Rd Baxter, MN 56425 Full Service B&M $75,735

    For 2020, Frandsen Bank & Trust had 36 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $90,185
    Net interest income $86,458
    Total noninterest income $27,708
    Gross Fiduciary activities income $2,396
    Service charges on deposit accounts $3,228
    Trading account gains and fees $0
    Additional Noninterest Income $22,084
    Pre-tax net operating income $38,258
    Securities gains (or losses, -) $109
    Income before extraordinary items $38,352
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $38,352
    Minority interest net income $0
    Net income $38,352
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $38,243

    Frandsen Bank & Trust's gross interest income from loans was $90,185,000.
    Frandsen Bank & Trust's net interest income from loans was $86,458,000.
    Frandsen Bank & Trust's fee based income from loans was $3,228,000.
    Frandsen Bank & Trust's net income from loans was $38,352,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,727
    Provision for credit losses $8,000
    Total noninterest expense $67,908
    Salaries and employee benefits $42,007
    Premises and equipment expense $5,786
    Additional noninterest expense $20,115
    Applicable income taxes $15
    Net charge-offs $-183
    Cash dividends $37,255

    Frandsen Bank & Trust's interest expense for loans was $3,727,000.
    Frandsen Bank & Trust's payroll and benefits expense were $42,007,000.
    Frandsen Bank & Trust's property, plant and equipment expenses $5,786,000.

    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 $2,117,422
    Deposits held in domestic offices $2,117,422
    Deposits by Individuals, partnerships, and corporations $1,991,422
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $125,743
    Deposits by Commercial banks and other depository institutions in U.S. $256
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $143,165
    Demand deposits $143,157
    Nontransaction accounts $1,974,256
    Money market deposit accounts (MMDAs) $429,355
    Other savings deposits (excluding MMDAs) $1,388,636
    Total time deposits $156,263
    Total time and savings deposits $1,974,264
    Noninterest-bearing deposits $664,046
    Interest-bearing deposits $1,453,376
    Retail deposits $2,081,522
    IRAs and Keogh plan accounts $37,317
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,481,849
    Cash & Balances due from depository institutions $73,038
    Interest-bearing balances $32,723
    Total securities $631,135
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,552,809
    Loan and leases loss allowance $21,569
    Trading account assets $0
    Bank premises and fixed assets $31,796
    Other real estate owned $549
    Goodwill and other intangibles $115,671
    All other assets $76,851

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,481,849
    Total Liabilities $2,182,389
    Total deposits $2,117,422
    Interest-bearing deposits $1,453,376
    Deposits held in domestic offices $2,117,422
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $33,041
    Trading liabilities $0
    Other borrowed funds $20,200
    Subordinated debt $0
    All other liabilities $11,726

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,552,809
    Loan and leases loss allowance $21,569
    Total loans and leases (domestic) $1,574,378
    All real estate loans $1,082,102
    Real estate loans in domestic offices $1,082,102
    Construction and development loans $89,540
    Residential 1-4 family construction $19,486
    Other construction, all land development and other land $70,054
    Loans secured by nonfarm nonresidential properties $417,208
    Nonfarm nonresidential secured by owner-occupied properties $210,707
    Commercial real estate & other non-farm, non-residential $206,501
    Multifamily residential real estate $77,188
    1-4 family residential loans $391,280
    Farmland loans $106,886
    Loans held in foreign offices $0
    Farm loans $97,146
    Commercial and industrial loans $322,581
    To non-U.S. addressees $0
    Loans to individuals $38,009
    Credit card loans $0
    Related Plans $1,506
    Consumer Auto Loans $13,321
    Other loans to individuals $23,182
    All other loans & leases $34,540
    Loans to foreign governments and official institutions $0
    Other loans $201
    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 $1,538
    Non 1-4 family restructured loans & leases $570
    Total loans and leases (foreign) $0

    Frandsen Bank & Trust had $1,552,809,000 of loans outstanding in 2020. $1,082,102,000 of loans were in real estate loans. $89,540,000 of loans were in development loans. $77,188,000 of loans were in multifamily mortgage loans. $391,280,000 of loans were in 1-4 family mortgage loans. $97,146,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,321,000 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 798 $160,277 $200,848
    Nonfarm, nonresidential loans - <$100k 203 $8,852 $43,606
    Nonfarm, nonresidential loans - $100-250k 301 $39,584 $131,508
    Nonfarm, nonresidential loans - $250k-1MM 294 $111,841 $380,412
    Commercial & Industrial, US addressed loans - <$1MM 2,784 $215,141 $77,278
    Commercial & Industrial, US addressed loans - <$100k 2,214 $100,035 $45,183
    Commercial & Industrial, US addressed loans - $100-250k 368 $45,057 $122,438
    Commercial & Industrial, US addressed loans - $250k-1MM 202 $70,049 $346,777
    Farmland loans - <$1MM 468 $87,587 $187,152
    Farmland loans - <$100k 180 $16,523 $91,794
    Farmland loans - $100-250k 148 $16,668 $112,622
    Farmland loans - $250k-1MM 140 $54,396 $388,543
    Agriculture operations loans - <$1MM 922 $90,654 $98,323
    Agriculture operations loans - <$100k 804 $67,570 $84,042
    Agriculture operations loans - $100-250k 89 $9,886 $111,079
    Agriculture operations loans - $250k-1MM 29 $13,198 $455,103