Frandsen Bank & Trust
Frandsen Bank & Trust is a state bank, federal reserve member based in Lonsdale, Minnesota, with $3.7 billion in assets and $3.1 billion in deposits as of 30 June 2026. The FDIC’s 2026 branch survey counts 40 branches in 27 counties.
| FDIC certificate | 1399 |
|---|---|
| Charter class | State bank, Federal Reserve member |
| Established | Not published |
| Assets | $3.7 billion |
| Deposits | $3.1 billion |
| Offices | 40 |
| Net income, year to date | $33.4 million |
| Return on assets | 1.82% |
| Website | frandsenbank.com |
| Mortgage lending | Frandsen Bank & Trust reported 1,178 mortgages made in 2025. |
Branches by county, 2026
| County | Branches | Deposits |
|---|---|---|
| St. Louis County, MN | 5 | $269.8 million |
| Renville County, MN | 3 | $133.3 million |
| Goodhue County, MN | 2 | $257.0 million |
| Rice County, MN | 2 | $169.2 million |
| Le Sueur County, MN | 2 | $143.3 million |
| Benton County, MN | 2 | $113.7 million |
| Dakota County, MN | 2 | $110.9 million |
| Crow Wing County, MN | 2 | $89.4 million |
| Marshall County, MN | 2 | $81.0 million |
| Nicollet County, MN | 1 | $214.5 million |
| Sawyer County, WI | 1 | $202.7 million |
| Washington County, MN | 1 | $154.2 million |
| Polk County, MN | 1 | $145.2 million |
| Grand Forks County, ND | 1 | $144.9 million |
| Brown County, MN | 1 | $115.7 million |
| Pine County, MN | 1 | $97.3 million |
| Ramsey County, MN | 1 | $96.9 million |
| Polk County, WI | 1 | $91.2 million |
| Carlton County, MN | 1 | $89.6 million |
| Scott County, MN | 1 | $89.3 million |
| Eau Claire County, WI | 1 | $83.4 million |
| Big Stone County, MN | 1 | $72.0 million |
| Norman County, MN | 1 | $71.5 million |
| Isanti County, MN | 1 | $69.0 million |
| Grant County, SD | 1 | $15.5 million |
| Douglas County, WI | 1 | $11.1 million |
| Blue Earth County, MN | 1 | $0 |
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. Branches and deposits come from the FDIC Summary of Deposits as of 30 June 2026, and bank balance sheets from the FDIC institutions directory. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.