Headquartered in Lonsdale, Minnesota, Frandsen Bank & Trust is a state-chartered bank (fed member) with $3.7B in total assets and $3.1B in deposits as of Q2 2026. It operates 40 offices across 4 states. Its charter dates back to 1901.
Based on its Q2 2026 filing, Frandsen Bank & Trust scores 71/100, which we describe as strong. That is higher than 63% of 897 banks with $1 billion – $10 billion. Among 223 banks headquartered in Minnesota, it ranks 92nd. Its strongest component is earnings (93/100; 1.82%), and its lowest is capital cushion (50/100; 10.02%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 4 points (67 → 71), mostly because the earnings component improved by 13 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 68 |
| Q3 2024 | 69 |
| Q4 2024 | 65 |
| Q1 2025 | 65 |
| Q2 2025 | 67 |
| Q3 2025 | 58 |
| Q4 2025 | 66 |
| Q1 2026 | 65 |
| Q2 2026 | 71 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.23% |
| Q3 2024 | 8.48% |
| Q4 2024 | 8.77% |
| Q1 2025 | 8.97% |
| Q2 2025 | 9.15% |
| Q3 2025 | 9.25% |
| Q4 2025 | 9.49% |
| Q1 2026 | 9.75% |
| Q2 2026 | 10.02% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.21% |
| Q3 2024 | 0.17% |
| Q4 2024 | 0.76% |
| Q1 2025 | 0.86% |
| Q2 2025 | 0.82% |
| Q3 2025 | 1.63% |
| Q4 2025 | 1.01% |
| Q1 2026 | 1.14% |
| Q2 2026 | 0.71% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.30% |
| Q3 2024 | 1.35% |
| Q4 2024 | 1.35% |
| Q1 2025 | 1.46% |
| Q2 2025 | 1.49% |
| Q3 2025 | 1.40% |
| Q4 2025 | 1.48% |
| Q1 2026 | 1.63% |
| Q2 2026 | 1.82% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 71 | $3.7B | 10.02% | 0.71% | 1.82% | 79.5% |
| Q1 2026 | 65 | $3.7B | 9.75% | 1.14% | 1.63% | 78.7% |
| Q4 2025 | 66 | $3.7B | 9.49% | 1.01% | 1.48% | 78.9% |
| Q3 2025 | 58 | $3.6B | 9.25% | 1.63% | 1.40% | 80.7% |
| Q2 2025 | 67 | $3.6B | 9.15% | 0.82% | 1.49% | 81.8% |
| Q1 2025 | 65 | $3.6B | 8.97% | 0.86% | 1.46% | 80.0% |
| Q4 2024 | 65 | $3.6B | 8.77% | 0.76% | 1.35% | 81.3% |
| Q3 2024 | 69 | $3.5B | 8.48% | 0.17% | 1.35% | 82.3% |
| Q2 2024 | 68 | $3.5B | 8.23% | 0.21% | 1.30% | 82.4% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Stearns Bank National AssociationBank Saint Cloud, MN | 67 out of 100, Moderate | $3.3B | 15.4% | 2.65% | vs |
| Minnwest BankBank Redwood Falls, MN | 68 out of 100, Moderate | $2.9B | 10.8% | 0.56% | vs |
| Merchants Bank, National AssociationBank Winona, MN | 73 out of 100, Strong | $2.9B | 11.5% | 0.53% | vs |
| Tradition Capital BankBank Wayzata, MN | 61 out of 100, Moderate | $2.7B | 8.9% | 0.01% | vs |
| Think Mutual BankBank Rochester, MN | 86 out of 100, Very strong | $2.2B | 16.3% | 0.25% | vs |
| Bridgewater BankBank Saint Louis Park, MN | 72 out of 100, Strong | $5.4B | 11.6% | 0.49% | vs |
Deposit insurance
Is my money safe at Frandsen Bank & Trust?
Yes. Frandsen Bank & Trust is an FDIC-insured institution (FDIC certificate #1399). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 31.8% of deposits ($995.7M) are above the $250,000 FDIC insurance limit, close to the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.02%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 15.14% (benchmark: 10%).
40 locations
Branches
Frandsen Bank & Trust lists 39 offices in 39 cities across 4 states. Most locations:
- Ada, MN (1)
- Baxter, MN (1)
- Bird Island, MN (1)
- Braham, MN (1)
- Clinton, MN (1)
- Cloquet, MN (1)
- Crosslake, MN (1)
- Duluth, MN (1)
- Dundas, MN (1)
- East Grand Forks, MN (1)
- Eau Claire, WI (1)
- Ely, MN (1)
HMDA 2025
Mortgage lending
In 2025, Frandsen Bank & Trust reported 1,526 home-loan applications under HMDA (LEI 549300ZZZUYWXK72JD21): 1,178 originated ($298,340,000 total), 102 denied, and 237 withdrawn or closed by the applicant. Its denial rate on decided applications was 7.9%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Frandsen Bank & Trust
- Former names
- State Bank of New Ulm; State Bank & Trust Company of New Ulm; Valley Bank & Trust
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 1399
- RSSD ID
- 751656
- Primary regulator
- FED
- Holding company
- Frandsen Financial Corp
- Established
- August 1, 1901
- Headquarters
- 116 Central St W, Lonsdale, MN 55046
- Website
- frandsenbank.com
- Employees
- 455
Quick answers
Frandsen Bank & Trust: common questions
Is Frandsen Bank & Trust FDIC insured?
Yes. Frandsen Bank & Trust is an FDIC-insured institution (FDIC certificate #1399). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Frandsen Bank & Trust's TellerScore?
71 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Frandsen Bank & Trust ever failed?
There is no failure record for FDIC certificate #1399 in the FDIC failed bank list.
How many branches does Frandsen Bank & Trust have?
40 offices as of the latest FDIC data, in 4 states.
Nearby
Highest-scoring banks and credit unions with branches near Lonsdale
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Castle Rock BankBank Castle Rock, MN | 93 out of 100, Very strong | $293.5M | 14.2% | 0.01% | vs |
| Vermillion State BankBank Vermillion, MN | 90 out of 100, Very strong | $931.4M | 13.4% | 0.24% | vs |
| Think Mutual BankBank Rochester, MN | 86 out of 100, Very strong | $2.2B | 16.3% | 0.25% | vs |
| Genisys Credit UnionCredit union Auburn Hills, MI | 81 out of 100, Strong | $6.6B | 15.5% | 1.09% | vs |
| Elysian BankBank Elysian, MN | 79 out of 100, Strong | $76.0M | 12.2% | 0.74% | vs |
| Premier Bank MinnesotaBank Hastings, MN | 77 out of 100, Strong | $691.5M | 10.0% | 0.04% | vs |