Perennial Bank


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

Perennial Bank is headquartered in Darwin and is the 159th largest bank in the state of Minnesota. It is also the 3,969th largest bank in the nation. It was established in 1914 and as of June of 2019, it had grown to 24 employees at 4 locations. Perennial Bank's CD rates are 39% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #1413
Year Established1914
Employees24
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD13.61%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$106.1MM$105.8MM
LoansQ2 2019vs Q2 2018$33.5MM$30.9MM
DepositsQ2 2019vs Q2 2018$95.4MM$97.0MM
Equity CapitalQ2 2019vs Q2 2018$10.1MM$8.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$572.00K$570.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$261.00K$82.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Perennial Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.50%*$50k*-Money Market Account
OTHER TIERS: 0.35% $2.5k - $25k | 0.40% $25k - $50k

Perennial Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Super Now Checking Account

Perennial Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.71%$1k-48 Month CD
1.50%$1k-30 Month CD
1.25%$1k-12 Month CD
1.00%$1k-6 Month CD
0.60%$1k-91 Day CD

Perennial Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.71%--48 Month IRA
1.50%--30 Month IRA
1.25%--12 Month IRA
1.00%--6 Month IRA
0.60%--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

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