Frandsen Bank & Trust in Lonsdale, Minnesota (MN), ND, WI
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Frandsen Bank & Trust in Lonsdale, Minnesota (MN), ND, WI
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Frandsen Bank & Trust - Overview

  • General
  • FDIC Certificate #: 1399
    Status: Active
    Federal Reserve ID: 751656
    Bank Holding Company (Regulatory Top Holder): Frandsen Financial Corporation (RSSDID: 1128358, Location: Arden Hills, MN)
    Date Established: August 01, 1901
    WWW: http://www.frandsenbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 38 (Domestic: 37, Interstate: Yes)
    OTS Docket #: 11453
    FDIC's unique #: 921
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 17, 2012
    Last Structure Change Process Date: March 26, 2012
    Last Data Update: March 26, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 116 Central Street West, Lonsdale, MN 55046
    County: Rice
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Faribault-Northfield, MN (#22060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,439.6 mil
    Equity capital: $188.8 mil
    Deposits held in domestic offices: $1,194.5 mil
    Return on assets (ROA): 0.92% ($13.2 mil)
    Quarterly return on assets: 1.41% ($20.3 mil)
    Return on Equity (ROE): 7.00% ($13.2 mil)
    Quarterly return on equity: 10.64% ($20.1 mil)
    Net income: $12.9 mil
    Quarterly Net income: $5.0 mil
    Pretax return on assets: 1.03% ($14,828.0 mil)
    Quarterly Pretax return on assets: 1.41% ($20,298.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 319Total employees (full-time equivalent)
  • $1,439,611Total assets
  • $46,772Cash and due from depository institutions
  • $10,223Interest-bearing balances
  • $444,023Securities
  • $1,930Federal funds sold & reverse repurchase agreements
  • $794,394Net loans & leases
  • $16,847Loan loss allowance
  • $0Trading account assets
  • $27,375Bank premises and fixed assets
  • $16,117Other real estate owned
  • $68,471Goodwill and other intangibles
  • $1,439,611Life insurance assets
  • $40,529All other assets
  • $1,250,823Total liabilities and capital
  • $1,194,467Total liabilities
  • $1,135,064Total deposits
  • $1,194,467Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 34272.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,390Trading liabilities
  • $0Other borrowed funds
  • $9,694Subordinated debt
  • $188,788All other liabilities
  • $188,788Total equity capital
  • $188,788Total bank equity capital
  • $0Perpetual preferred stock
  • $290Common stock
  • $167,177Surplus
  • $21,321Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,659Income earned, not collected on loans
  • $90Earning assets
  • $6,357Long-term assets (5+ years)
  • $1,250,570Average Assets, year-to-date
  • $422,055Average Assets, quarterly
  • $1,399,903Volatile liabilities
  • $1,416,538Insider loans
  • $907,972FHLB advances
  • $1,341,705Loans and leases held for sale
  • $24,436Unused loan commitments
  • $24,436Tier 1 (core) risk-based capital
  • $118,651Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $159,921Restructured Loans and leases
  • $358Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $58,213Total interest income
  • $7,020Total interest expense
  • $51,193Net interest income
  • $5,182Provision for loan and lease losses
  • $12,715Total noninterest income
  • $1,129Fiduciary activities
  • $4,279Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,307Additional noninterest income
  • $44,708Total noninterest expense
  • $19,018Salaries and employee benefits
  • $4,858Premises and equipment expense
  • $20,832Additional noninterest expense
  • $14,018Pre-tax net operating income
  • $394Securities gains (losses)
  • $1,480Applicable income taxes
  • $12,932Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,932Net income attributable to bank
  • $0Net charge-offs
  • $12,932Cash dividends
  • $5,235Sale, conversion, retirement of capital stock, net
  • $10,755Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 4.21%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 3.68%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 7.00%Return on equity (ROE)
  • 1.18%Retained earnings to average equity (YTD only)
  • 0.64%Net charge-offs to loans
  • 98.99%Credit loss provision to net charge-offs
  • 3.67%Efficiency ratio
  • 68,674Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.17%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 85.70%Noncurrent assets plus other real estate owned to assets
  • 2.49%Noncurrent loans to loans
  • 2.42%Net loans and leases to deposits
  • 66.51%Net loans and leases to core deposits
  • 67.50%Equity capital to assets
  • 13.11%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 13.07%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,399,903Average earning assets
  • $184,669Average equity
  • $1,214,998Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $201,732Managed Assets
  • 1Number of Accounts
  • $145,208Personal trust and agency accounts
  • $65,382Employee benefit-defined contribution accounts
  • $5,330Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $74,496Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 848Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $56,524Other retirement accounts
  • $1,685Corporate trust and agency accounts
  • $10,274Other fiduciary accounts
  • $43,565Fiduciary accounts held in foreign offices

List of branches

  • 32 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0921Frandsen Bank & Trust116 Central Street West, Lonsdale, MN 55046August 01, 1901Full Service Brick and Mortar
    1189466North Garden Branch New Ulm2005 North Garden, New Ulm, MN 56073Febuary 18, 1988Full Service Brick and Mortar
    2189467South Broadway Branch New Ulm1823 South Broadway, New Ulm, MN 56073November 21, 1988Full Service Brick and Mortar
    5433005New Ulm Main Branch100 North Minnesota Street, New Ulm, MN 56073November 01, 2004Full Service Brick and Mortar
    6917Dundas Branch715 Stafford Road North, Dundas, MN 55019April 18, 1912Full Service Brick and Mortar
    7441974Forest Lake Branch2001 West Broadway Avenue, Forest Lake, MN 55025July 21, 2005Full Service Brick and Mortar
    86548Foley Branch341 Fourth Avenue, Foley, MN 56329May 03, 1903Full Service Brick and Mortar
    912574Montgomery Branch125 First Street South, Montgomery, MN 56069Febuary 26, 1963Full Service Brick and Mortar
    10480928Foley Drive-Thu Branch341 Fourth Avenue, Foley, MN 56329June 30, 2008Limited Service Facility
    1113001East Grand Forks Branch1413 Central Avenue, N.W., East Grand Forks, MN 56721July 20, 1964Full Service Brick and Mortar
    126258Warren Branch524-528 North First Street, Warren, MN 56762May 17, 1926Full Service Brick and Mortar
    1513166Oslo Branch212 Main Street, Oslo, MN 56744January 25, 1965Full Service Brick and Mortar
    205230Ada Branch410 Second Street West, Ada, MN 56510March 01, 1881Full Service Brick and Mortar
    2160756Nisswa Branch24110 Smiley Road, Nisswa, MN 56468October 10, 1997Full Service Brick and Mortar
    22290727Crosslake Branch35470 Cty Rd 3, Crosslake, MN 56442October 10, 1997Full Service Brick and Mortar
    23361762Baxter Branch7429 Excelsior Rd, Baxter, MN 56425November 06, 2000Full Service Brick and Mortar
    2412701Waterville Branch320 East Main Street, Waterville, MN 56096August 01, 1963Full Service Brick and Mortar
    25246633Northridge Branch1661 Commerce Drive, North Mankato, MN 56003November 06, 1980Full Service Brick and Mortar
    263498Minnesota Lake BranchMain Street, Minnesota Lake, MN 56068November 01, 1902Full Service Brick and Mortar
    27357473North Mankato Drive-Thru Branch245 Belgrade Avenue, North Mankato, MN 56003November 23, 1999Limited Service Facility
    28360222Madison Avenue Branch1580 Madison Avenue, Mankato, MN 56001March 19, 2001Full Service Brick and Mortar
    296763Hector Branch206 Main Street, Hector, MN 55342September 28, 1931Full Service Brick and Mortar
    306513Fairfax Branch100 S Park St, Fairfax, MN 55332January 01, 1901Full Service Brick and Mortar
    31455412North Mankato Main Branch245 Belgrade Avenue, North Mankato, MN 56003September 11, 2006Full Service Brick and Mortar
    3246859Jordan Branch200 Creek Lane, Jordan, MN 55352January 02, 1991Full Service Brick and Mortar
    353408Braham Branch121 South Main, Braham, MN 55006August 29, 1899Full Service Brick and Mortar
    363511Pine City Branch560 East Third Avenue, Pine City, MN 55063December 03, 1896Full Service Brick and Mortar
    3744038Queen City Federal Savings Bank Bran501 Chestnut St, Virginia, MN 55792August 17, 1960Full Service Brick and Mortar
    38283809102 East Sheridan Branch102 East Sheridan, Ely, MN 55731August 17, 1960Full Service Brick and Mortar
    3910118Tower Office415 Main St, Tower, MN 55790Febuary 25, 1942Full Service Brick and Mortar
    40452360Cloquet Branch712 Hwy 33 S., Cloquet, MN 55720October 21, 1996Full Service Brick and Mortar
    415210Bird Island Branch205 South Main Street, Bird Island, MN 55310January 01, 1908Full Service Brick and Mortar
  • 4 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1612628Grand Forks Branch1616 South Washington Street, Grand Forks, ND 58201April 30, 1963Full Service Brick and Mortar
    17246404Columbia Park Branch28th Avenue South And Columbia Road, Grand Forks, ND 58201September 01, 1978Full Service Brick and Mortar
    18246405Columbia Mall Depository Branch2800 South Columbia Road, Grand Forks, ND 58201Febuary 15, 1997Limited Service Facility
    19433187University Village Office2755 10th Avenue North, Grand Forks, ND 58203November 22, 2004Full Service Brick and Mortar
  • 2 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    336121Luck Branch200 Main Street South, Luck, WI 54853January 24, 1931Full Service Brick and Mortar
    34220313Dresser BranchHighway 35, Dresser, WI 54009January 24, 1931Full Service Brick and Mortar

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