Frandsen Bank & Trust
Lonsdale, MN · Owner: Frandsen Financial Corp
$3.7B
total assets, June 30, 2026
$3.7B
total assets, June 30, 2026
Frandsen Bank & Trust is a state member bank based in Lonsdale, MN, owned by Frandsen Financial Corp. As of June 30, 2026 it held $3.7 billion in assets and $3.1 billion in deposits; assets were up 2.6% from a year before. It has 40 branches in 4 states.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$3.7B
+2.6% in a year · -0.8% in a quarter
Deposits
$3.1B
+2.8% in a year · -0.2% in a quarter
Loans
$2.5B
-0.1% in a year · +0.8% in a quarter
Profit so far
$33.4M
Jan 1 to Jun 30, 2026 · +25.5% in a year
Capital ratio
10.02%
+0.87 pts in a year
Return on assets
1.81%
+0.32 pts in a year
Facts
- Type
- State member bank
- Head office
- 116 Central St W, Lonsdale, MN, 55046
- County
- Rice
- Holding company
- Frandsen Financial Corp
- Established
- Aug 1, 1901
- Employees
- 455
- Branches
- 40 in 4 states
- Website
- frandsenbank.com
- Id
- b1399
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
40 offices as of June 30, 2026, holding $3.1 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 34 | $2.6B | 82.5% |
| Wisconsin | 4 | $388M | 12.4% |
| North Dakota | 1 | $145M | 4.6% |
| South Dakota | 1 | $15.5M | 0.5% |
| Largest branches | Place | Deposits |
|---|---|---|
| North Mankato Main Branch | North Mankato, MN | $214M |
| Hayward Branch | Hayward, WI | $203M |
| Forest Lake Branch | Forest Lake, MN | $154M |
| Zumbrota Main Street Branch | Zumbrota, MN | $153M |
| East Grand Forks Branch | East Grand Forks, MN | $145M |
| Grand Forks Branch | Grand Forks, ND | $145M |
| Queen City Federal Savings Bank Branch | Virginia, MN | $132M |
| New Ulm Main Branch | New Ulm, MN | $116M |
| Foley Branch | Foley, MN | $114M |
| Pine Island Branch | Pine Island, MN | $104M |
Related pages
Questions and answers
How big is Frandsen Bank & Trust?
$3.7 billion in total assets and $3.1 billion in deposits as of June 30, 2026, with assets up 2.6% from a year before. Its loans were $2.5 billion.
How many branches does Frandsen Bank & Trust have?
40 branches in 4 states as of June 30, 2026. The most deposits are in Minnesota ($2.6 billion).
Is Frandsen Bank & Trust profitable?
Yes: it earned $33.4 million from January 1 to June 30, 2026 (up 25.5% from the same months a year before). Its return on assets was 1.81% a year; about 1% is typical.
Who owns Frandsen Bank & Trust?
Frandsen Bank & Trust is owned by Frandsen Financial Corp, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.