Perennial Bank

Overview / Commentary

www.perennialbank.com

320-693-2826

318 N 1st Street
Darwin, MN 55324

Perennial Bank is headquartered in Darwin and is the 134^th largest bank in the state of Minnesota. It is also the 3,550^th largest bank in the nation. It was established in 1914 and as of September of 2021, it had grown to 20 employees at 4 locations. Perennial Bank has an A health rating.

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Health

Data as of Q3 2021

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Health Grade Components

Overall
FDIC Certificate #	1413
Year Established	1914
Employees	20
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.99%
Return on Equity - YTD	11.84%
Annual Interest Income	$2.2MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$149.9MM$126.5MM
Loans	Q3 2021vs Q3 2020	$38.8MM$38.5MM
Deposits	Q3 2021vs Q3 2020	$137.2MM$114.0MM
Equity Capital	Q3 2021vs Q3 2020	$12.0MM$11.8MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$574.00K$553.00K
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$267.00K$428.00K
Real Estate Owned	Q3 2021vs Q3 2020	$0$0

Rates

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Money Market
Checking
CD

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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
0.50%	-	-	Variable Rate IRA Account
0.20%	-	-	Passbook Savings Account

Perennial Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.20% → $2.5k - $25k \| 0.25% → $25k - $50k

Perennial Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$800	-	Super Now Checking Account

Perennial Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%	$1k	-	48 Month CD
0.50%	$1k	-	30 Month CD
0.45%	$1k	-	12 Month CD
0.40%	$1k	-	6 Month CD
0.30%	$1k	-	91 Day CD

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

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