Vitals
  • Total Assets
    98.8M 139.1 %
  • Total Deposits
    90.2M 141.0 %
  • Total Net Loans
    26.5M 80.0 %
  • Net Income
    745000.0000 61.3 %
  • Book Value
    8.2M 130.1 %
  • Book Value x2
    16.3M 130.1 %
  • Book Value x3
    24.5M 130.1 %
ROAA

.768

ROAE

8.171

Efficiency Ratio

72.74

Net Interest Margin

3.303

Balance Sheet Highlights
Financial Highlights Perennial Bank All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 98,760 147,703
Total Net Loans 26,528 97,223
Total Deposits 90,184 126,600
Total Equity 8,164 15,565
Profitability
Net Income 745 1,683
Return on Average Assets .768 1.08
Return on Average Equity 8.171 9.905
Net Interest Margin 3.303 3.845
Efficiency Ratio 72.74 68.21
Noninterest Income/Revenue 11.435 13.68
Balance Sheet Ratios
Loan-to-Deposit 29.415 75.205
Securities/Assets .437 .174
Total Equity/Total Assets .083 .105
Tangible Equity/Tangible Assets .083 .103
Capital Adequacy
Tier 1 Common Capital 8,680 15,225
Tier 1 Capital 8,680 15,232
Tier 2 Capital 478 1,135
Total Capital 9,158 16,386
Total Risk Weighted Assets 38,132 105,251
Leverage Ratio 8.73 10.475
Common Equity Tier 1 Capital Ratio 22.76 15.3
Tier 1 Capital Ratio 22.76 15.308
Total Capital Ratio 24.02 16.398

Timeline for Perennial Bank

Winthrop State Bank

Acquisition: Perennial Bank acquired a new subsidiary, Winthrop State Bank, 8 years

View Profile Jan 13 2016

Farmers And Merchants State Bank

Acquisition: Perennial Bank acquired a new subsidiary, Farmers And Merchants State Bank, 8 years

View Profile Jan 13 2016

Darwin Bancshares, Inc.

Darwin Bancshares, Inc. became a new parent organization for Perennial Bank.

View Profile Sep 26 1980

Perennial Bank

Perennial Bank was established 110 years ago and is currently headquartered in Darwin, MN.

Jan 01 1914
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Winthrop State Bank Seller 24,874 Pooling of Interests Discontinued 1/13/2016
Farmers And Merchants State Bank Seller 29,026 Pooling of Interests Discontinued 1/13/2016
Relationships Role Relationship Start Relationship End
Darwin Bancshares, Inc. Parent 12/31/1998
Darwin Bancshares, Inc. Parent 3/26/1996 12/30/1998
Darwin Bancshares, Inc. Parent 9/26/1980 3/25/1996
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