Frandsen Bank & Trust: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Frandsen Bank & Trust is one of the more profitable banks of its size. It reported $3.7 billion in assets at June 30, 2026, up 2.6% from a year earlier. It earns about $1.98 a year on every $100 of assets, higher than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median $1.29). It also shrank its loan book 0.1% over the year, lower than about three-quarters of banks its size (median 5.9%). A wide margin does most of the work: it keeps 4.35 cents of net interest income on every dollar of earning assets.
Its $267 million non-owner-occupied commercial real estate book is improving, with 5.25% past due or on nonaccrual, down from 8.23% a year earlier. Earnings jumped: net income for the quarter was $18 million, 36% above the same quarter a year earlier. Credit is the area to watch: it carries problem assets equal to 7.7% of the capital and reserves that would absorb them, about double the median of 3.6% for banks its size.
As of June 30, 2026, Frandsen Bank & Trust reported a CET1 capital ratio of 13.89%, a return on assets of 1.98%, a nonperforming-loan ratio of 0.99% and a Texas ratio of 7.71%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 116 Central St W, Lonsdale, MN 55046
- County
- Rice
- Metro Area
- Faribault-Northfield, MN
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- August 1, 1901
- Former names
- Valley Bank & Trust (2001-2004); State Bank & Trust Company of New Ulm (1970-2001)
- Offices
- 40 domestic
- Employees (FTE)
- 455
- Domestic deposits
- $3.13B
- Allowance for credit losses
- $33.1M
- Net charge-offs (YTD)
- $1.4M
- Average total assets
- $3.72B
- Average total loans
- $2.52B
- Average interest-bearing deposits
- $2.39B
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1399
- Fed RSSD
- 751656
- Website
- frandsenbank.com →
- Parent Holding Company
- FRANDSEN FINANCIAL CORPORATION (RSSD 1128358)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Frandsen Bank & Trust terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Frandsen Bank & Trust, freeFrandsen Bank & Trust rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.89% | 1.98% | 0.99% | 7.71% | 4.35% |
| Q1 2026 | 13.61% | 1.61% | 1.46% | 11.11% | 3.94% |
| Q4 2025 | 13.24% | 1.68% | 1.28% | 8.04% | 4.03% |
| Q3 2025 | 12.66% | 1.20% | 2.02% | 13.53% | 3.90% |
| Q2 2025 | 12.36% | 1.49% | 1.08% | 7.64% | 3.91% |
| Q1 2025 | 12.08% | 1.44% | 1.27% | 8.01% | 3.63% |
| Q4 2024 | 11.80% | 1.30% | 1.12% | 7.81% | 3.54% |
| Q3 2024 | 11.40% | 1.40% | 0.67% | 1.59% | 3.56% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 40 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| North Mankato Main Branch | North Mankato , MN | 56003 | $214.5M |
| Hayward Branch | Hayward , WI | 54843 | $202.7M |
| Forest Lake Branch | Forest Lake , MN | 55025 | $154.2M |
| Zumbrota Main Street Branch | Zumbrota , MN | 55992 | $152.6M |
| East Grand Forks Branch | East Grand Forks , MN | 56721 | $145.2M |
| Grand Forks Branch | Grand Forks , ND | 58201 | $144.9M |
| Queen City Federal Savings Bank Branch | Virginia , MN | 55792 | $132.0M |
| New Ulm Main Branch | New Ulm , MN | 56073 | $115.7M |
| Foley Branch | Foley , MN | 56329 | $113.7M |
| Pine Island Branch | Pine Island , MN | 55963 | $104.5M |
| Montgomery Branch | Montgomery , MN | 56069 | $99.8M |
| Pine City Branch | Pine City , MN | 55063 | $97.3M |
| Vadnais Heights Branch | Vadnais Heights , MN | 55110 | $96.9M |
| Luck Branch | Luck , WI | 54853 | $91.2M |
| Cloquet Branch | Cloquet , MN | 55720 | $89.6M |
| Baxter Branch | Baxter , MN | 56425 | $89.4M |
| Jordan Branch | Jordan , MN | 55352 | $89.3M |
| Dundas Branch | Dundas , MN | 55019 | $87.9M |
| Eau Claire Branch | Eau Claire , WI | 54701 | $83.4M |
| Frandsen Bank & Trust (main office) | Lonsdale , MN | 55046 | $81.3M |
| Clinton State Bank Branch | Clinton , MN | 56225 | $72.0M |
| Ada Branch | Ada , MN | 56510 | $71.5M |
| Braham Branch | Braham , MN | 55006 | $69.0M |
| Warren Branch | Warren , MN | 56762 | $56.9M |
| Lakeville Bank Branch | Rosemount , MN | 55068 | $56.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 15, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 15, 2022 | Structure Change | Acquired Bank of Zumbrota Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 17, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 17, 2022 | Structure Change | Acquired Pine Island Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 17, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 17, 2020 | Structure Change | Acquired Peoples Bank Midwest Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 22, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 22, 2016 | Structure Change | Acquired Provincial Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 21, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 19, 2013 | Structure Change | Acquired Clinton State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 17, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 17, 2012 | Structure Change | Acquired State Bank of Bird Island Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 22, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 20, 2011 | Structure Change | Acquired Queen City Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 21, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 19, 2011 | Structure Change | Acquired Rural American Bank - Braham Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 17, 2010 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 15, 2010 | Structure Change | Acquired Valley Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 19, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 17, 2009 | Structure Change | Acquired Community Bank of the Red River Valley Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 18, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 16, 2008 | Structure Change | Acquired First National Bank of Montgomery Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 4, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 4, 2006 | Structure Change | Acquired Rural American Bank - Foley Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2005 | Structure Change | Acquired Valley Bank Dundas Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 1, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2004 | Structure Change | Acquired Rural American Bank-Montgomery/Lonsdale Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 28 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for Frandsen Bank & Trust, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.8% of deposits in MN, rank 13 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,533 applications, 1,178 loans originated, $298.3M originated, across 10 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 59 loans, $30.5M approved, $518K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Frandsen Bank & Trust
What are Frandsen Bank & Trust's total assets?
As of the Q2 2026 filing, Frandsen Bank & Trust reported total assets of $3.66 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Frandsen Bank & Trust headquartered?
Frandsen Bank & Trust is headquartered in Lonsdale, MN, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Frandsen Bank & Trust founded?
Frandsen Bank & Trust was established in 1901, per the FDIC institution directory.
Is Frandsen Bank & Trust FDIC-insured?
Yes. Frandsen Bank & Trust is an FDIC-insured commercial bank (FDIC Certificate #1399). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Frandsen Bank & Trust?
Frandsen Bank & Trust's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Frandsen Bank & Trust's CET1 capital ratio?
Frandsen Bank & Trust reported a Common Equity Tier 1 (CET1) capital ratio of 13.89% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Frandsen Bank & Trust operate?
Frandsen Bank & Trust operates 40 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Frandsen Bank & Trust's Texas Ratio?
Frandsen Bank & Trust's Texas Ratio is 7.71% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Frandsen Bank & Trust previously called?
The charter now named Frandsen Bank & Trust has also operated as Valley Bank & Trust (2001-2004), State Bank & Trust Company of New Ulm (1970-2001), per FDIC structure-change records.
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