Bank · FDIC insured
Perennial Bank
A $158.1M bank headquartered in Darwin, MN, with 4 branches in Minnesota. Best rates: CDs 3.53% and savings 0.90% APY.
Perennial Bank Carrot Score
71
Carrot Score
Higher than 28% of U.S. banks and credit unions
#15 of 23 in St. Cloud, MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Perennial Bank
Established in 1914, Perennial Bank is a family-owned and locally managed bank owned by the Johnson family.
In January 2016, four Minnesota locations in Darwin, Dassel, Paynesville, and Winthrop merged and were renamed Perennial Bank.
- Headquarters
- 318 N 1st St, Darwin, MN 55324
- FDIC certificate
- 1413 ↗
Branches
4 branches in Minnesota
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Minnesota
4 branches
Darwin area · 1
- Perennial BankMain office318 N 1st St, Darwin, MN 55324Directions
Dassel area · 1
- Dassel Branch780 Parker Ave W, Dassel, MN 55325Directions
St. Cloud area · 1
- Paynesville Br125 E James St, Paynesville, MN 56362Directions
Winthrop area · 1
- Winthrop Br102 E 2nd St, Winthrop, MN 55396Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.48% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.36% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.00% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $45 | $81 | — |
- CapitalLeverage ratio9.48%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.36%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.00%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$45Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Perennial Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.