Perennial Bank

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.30%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.20%	Savings	Passbook Savings Account 1.30% - Goldman Sachs Bank USA Online Savings
1.00%	4-year CD	48 Month CD 1.50% - Ally Bank Raise Your Rate 4-Year CD

View all Perennial Bank rates »

Overview / Commentary

www.perennialbank.com

320-693-2826

318 N 1st Street
Darwin, MN 55324

Perennial Bank is headquartered in Darwin and is the 170^th largest bank in the state of Minnesota. It is also the 4,358^th largest bank in the nation. It was established in 1914 and as of June of 2017, it had grown to 24 employees at 4 locations. Perennial Bank has a B+ health rating.

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Health

B+

Data as of Q2 2017

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Perennial Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	1413
Year Established	1914
Employees	24
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.91%
Return on Equity - YTD	10.61%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$97.4MM$97.4MM
Loans	Q2 2017vs Q2 2016	$28.3MM$26.5MM
Deposits	Q2 2017vs Q2 2016	$88.0MM$87.5MM
Equity Capital	Q2 2017vs Q2 2016	$8.8MM$9.4MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$562.00K$512.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$50.00K$54.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Perennial Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.75%	-	-	Variable Rate IRA Account
0.20%	-	-	Passbook Savings Account

Perennial Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.25% → $2,500 - $25k \| 0.30% → $25k - $50k

Perennial Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	Super Now Checking Account

Perennial Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	48 Month CD
0.60%	$1k	-	30 Month CD
0.30%	$1k	-	12 Month CD
0.25%	$1k	-	6 Month CD
0.20%	$1k	-	91 Day CD

Perennial Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	-	-	48 Month IRA
0.60%	-	-	30 Month IRA
0.30%	-	-	12 Month IRA
0.25%	-	-	6 Month IRA
0.20%	-	-	91 Day IRA

Locations

Perennial Bank Locations
Farmers State Bank Of Darwin	318 N 1st Street	Darwin, MN 55324
Dassel Branch	780 W. Parker Ave	Dassel, MN 55325
Winthrop Br	102 E. 2nd St.	Winthrop, MN 55396
Paynesville Br	125 East James Street	Paynesville, MN 56362