Perennial Bank

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.perennialbank.com

320-693-2826

318 N 1st Street
Darwin, MN 55324

Perennial Bank is headquartered in DARWIN and is the 135^th largest bank in the state of Minnesota. It is also the 3,458^th largest bank in the nation. It was established in 1914 and as of December of 2024, it had grown to 20 employees at 4 locations. Perennial Bank has a B+ health rating.

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Health

B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

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

Profit Margin
Return on Assets - YTD	0.86%
Return on Equity - YTD	13.84%
Annual Interest Income	$5.1MM

Assets and Liabilities
Assets	Q4 2024vs Q4 2023	$142.7MM$143.8MM
Loans	Q4 2024vs Q4 2023	$56.5MM$51.1MM
Deposits	Q4 2024vs Q4 2023	$132.7MM$134.9MM
Equity Capital	Q4 2024vs Q4 2023	$9.3MM$8.3MM
Loan Loss Allowance	Q4 2024vs Q4 2023	$724K$661K
Unbacked Noncurrent Loans	Q4 2024vs Q4 2023	$220K$299K
Real Estate Owned	Q4 2024vs Q4 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for Perennial Bank are currently being reviewed.

Locations

Perennial Bank Locations
Farmers State Bank Of Darwin	318 N 1st St	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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