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Overview / Commentary
320-693-2826
318 N 1st Street
Darwin, MN 55324

Perennial Bank is headquartered in Darwin and is the 167th largest bank in the state of Minnesota. It is also the 4,442nd largest bank in the nation. It was established in 1914 and as of September of 2016, it had grown to 24 employees at 4 locations. Perennial Bank has an A health rating.

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Health
A
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 Established1914
Employees24
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD9.26%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$97.1MM$40.1MM
LoansQ3 2016vs Q3 2015$26.7MM$15.4MM
DepositsQ3 2016vs Q3 2015$87.1MM$36.1MM
Equity CapitalQ3 2016vs Q3 2015$9.4MM$3.5MM
Loan Loss AllowanceQ3 2016vs Q3 2015$565.00K$246.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$54.00K$75.00K
Real Estate OwnedQ3 2016vs Q3 2015$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--Variable Rate IRA Account
0.20%--Passbook Savings Account

Perennial Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Money Market Account
OTHER TIERS: 0.25% $2,500 - $25k | 0.30% $25k - $50k

Perennial Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Super Now Checking Account

Perennial Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Darwin318 N 1st StreetDarwin, MN 55324
Dassel Branch780 W. Parker AveDassel, MN 55325
Winthrop Br102 E. 2nd St.Winthrop, MN 55396
Paynesville Br125 East James StreetPaynesville, MN 56362