Perennial Bank


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

Perennial Bank is headquartered in DARWIN and is the 134th largest bank in the state of Minnesota. It is also the 3,421st largest bank in the nation. It was established in 1914 and as of March of 2025, it had grown to 18 employees at 4 locations. Perennial Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #1413
Year Established1914
Employees18
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD14%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$145.5MM$141.3MM
LoansQ1 2025vs Q1 2024$58.4MM$52.5MM
DepositsQ1 2025vs Q1 2024$134.6MM$132.4MM
Equity CapitalQ1 2025vs Q1 2024$10.1MM$8.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$774K$706K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$336K$275K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


Perennial Bank Locations
Farmers State Bank Of Darwin318 N 1st StDarwin, 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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