Perennial Bank
Darwin, MN
IDRSSD: 344852
Total Assets
$149.75M
Latest filing
Total Deposits
$136.93M
Latest filing
Net Interest Margin
2.99%
Profitability
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1914 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55324 |
| State and County Number | 27093 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 18 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.perennialbank.com |
| Data Updated | 11/14/2025 |
| CERT | 1413 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $149.75M |
| Total Deposits | $136.93M |
| Total Liabilities | $138.05M |
| Total Equity Capital | $11.69M |
| Net Income | $396.00k |
| Net Loans and Leases | $60.92M |
| Assets Per Employee ($Millions) | $8.32M |
| Bank Premises and Fixed Assets | $1.37M |
| Cash and Balances due from Depository Institutions | $30.02M |
| Deposits Held in Domestic Offices | $136.93M |
Key Performance Ratios
| Return on Assets (ROA) | 1.06% |
| Return on Equity (ROE) | 14.01% |
| Net Interest Margin | 2.99% |
| Efficiency Ratio | 59.95% |
| Tier 1 Risk-Based Capital Ratio | 22.67% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.12% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 7.809% |
| Earning Assets to total Assets | 95.95% |
Income and Expense
| Total Interest Income | $1.50M |
| Total Noninterest Income | $97.00k |
| Total Interest Expense | $436.00k |
| Total Noninterest Expense | $699.00k |
| Net Interest Income | $1.07M |
| Pre-tax Net Operating Income | $422.00k |
| Provision for Credit Losses | $45.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.12M |
| Total Liabilities and Capital | $149.75M |
Securities
| Securities | $55.11M |
| Available-for-sale debt securities | $55.11M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Perennial Bank?
$149.75M as of the latest filing.
How much are Perennial Bank's total deposits?
$136.93M in total deposits.
Where is Perennial Bank located?
Darwin, MN.
What is the Net Interest Margin?
2.99%.
How many domestic offices does it operate?
4.
When was it established?
01/01/1914.
What is the Return on Assets (ROA)?
1.06%.
How much are total loans and leases?
$60.92M (latest filing).
What is the total interest income (latest filing)?
$1.50M.