Frandsen Bank & Trust in North Dakota vs the state
5.7%Denial rate-5.78 pts vs state
6.8%Decision denial rate-6.90 pts vs state
75.5%Origination rate+5.78 pts vs state
6.63%Median rate+0.13 pts vs state
0.08Rate spread (pts)-0.16 pts vs state
$122kMedian applicant income
40Loans originated
3Denied
Trend in North Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 53 | 41 | 15.1% | 6.63% | #55 |
| 2024 | 65 | 45 | 9.2% | 6.88% | #60 |
| 2025 | 53 | 40 | 5.7% | 6.63% | #69 |
What Frandsen Bank & Trust lends in North Dakota
By loan purpose
By loan type
Why it denied North Dakota applicants
Where in North Dakota
Counties with the most Frandsen Bank & Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Grand Forks County | 39 | 30 | 2 | 5.1% |
| Cass County | 3 | 1 | 0 | 0.0% |
| Traill County | 2 | 2 | 0 | 0.0% |
| Burleigh County | 2 | 2 | 0 | 0.0% |
| Nelson County | 2 | 1 | 1 | 50.0% |
| Cavalier County | 1 | 0 | 0 | 0.0% |
| Barnes County | 1 | 1 | 0 | 0.0% |
| Pembina County | 1 | 1 | 0 | 0.0% |
| Ward County | 1 | 1 | 0 | 0.0% |
| Griggs County | 1 | 1 | 0 | 0.0% |
Other large lenders in North Dakota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Gate City Bank | C | 3,106 | 11.3% | 6.65% |
| First International Bank & Trust | B | 1,112 | 4.0% | 6.63% |
| United Shore Financial Services | B | 881 | 7.5% | 6.25% |
| Rocket Mortgage | C | 827 | 21.6% | 6.63% |
| Bell Bank | A | 806 | 7.7% | 6.99% |
| First Community Credit Union | B | 675 | 7.1% | 6.49% |
| Capital | C | 646 | 3.7% | 7.00% |
| TOWN AND COUNTRY Credit Union | B | 571 | 2.1% | 6.25% |
| Mortgage Research Center | C | 500 | 13.6% | 6.25% |
| Fairway Independent Mortgage | B | 497 | 3.0% | 6.40% |
Frequently asked questions
North Dakota: 53 applications in 2025, of which 40 were originated and 3 denied.
5.7% of all applications, or 6.8% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.
The median rate on loans Frandsen Bank & Trust originated in North Dakota in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Frandsen Bank & Trust's own HMDA filing for properties located in North Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology