Overview / Commentary
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.
Health
B+
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1413 |
| Year Established | 1914 |
| Employees | 24 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 13.61% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $106.1MM$105.8MM |
| Loans | Q2 2019vs Q2 2018 | $33.5MM$30.9MM |
| Deposits | Q2 2019vs Q2 2018 | $95.4MM$97.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $10.1MM$8.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $572.00K$570.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $261.00K$82.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
Skip to rates for:
Report an Issue
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
| 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 | |
|---|---|---|---|---|---|
| 0.50%* | $50k* | - | Money Market Account | ||
| OTHER TIERS: 0.35% → $2.5k - $25k | 0.40% → $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 | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 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 |