Frandsen Bank & Trust
Headquartered in Lonsdale, MN. Part of Frandsen Financial Corporation. FDIC certificate #1399 · Federal Reserve RSSD 751656.
Total assets
$3.7B
Deposits
$3.1B
Q1 2026
Active branches
40
Closings since Jan 2020
5
3 openings since Jan 2020
Financial snapshot — Q1 2026
All quarters →Net income (quarter)
$15M
Return on assets
1.63%
Return on equity
14.24%
Noncurrent loan rate
1.14%
Deposits by year (Summary of Deposits)
12019
22020
22021
22022
32023
32024
32025
Values in $ billions, June 30 of each year.
Closings by year
12021
42024
Openings by year
12022
12024
12026
Other network changes since 2020
- 6 branch relocations
- 6 branches acquired through purchases or mergers
Branches by state
Recent closings
- 245 BELGRADE AVE · closed July 1, 2024
- Frandsen Bank & Trust — Nisswa, MNbank exits city24110 SMILEY ROAD · closed July 1, 2024
- 1661 COMMERCE DRIVE · closed July 1, 2024
- 70 W 3RD ST · closed May 31, 2024
- 1823 SOUTH BROADWAY · closed May 28, 2021
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: frandsenbank.com.