Perennial Bank Mortgage Rates, Fees & Info

Darwin, MN

LEI: 254900PTHF2B5Z1PGA51

Tax ID: 41-0250620

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Perennial Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    24

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PRIMELENDING, A PLAINSCAPITAL COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY Conventional home mortgage Closing on a mortgage 2 6.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 3.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY Conventional home mortgage Struggling to pay mortgage 2 6.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY Conventional home mortgage Trouble during payment process 7 23.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY FHA mortgage Closing on a mortgage 6 20.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY FHA mortgage Struggling to pay mortgage 2 6.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY FHA mortgage Trouble during payment process 4 13.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 10.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY Other type of mortgage Closing on a mortgage 1 3.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY Other type of mortgage Struggling to pay mortgage 1 3.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Perennial Bank 102 E. 2nd St. Winthrop, MN 55396 Full Service B&M $24,035
    Perennial Bank 125 East James Street Paynesville, MN 56362 Full Service B&M $29,629
    Perennial Bank 318 N 1st Street Darwin, MN 55324 Full Service B&M $33,504
    Perennial Bank 780 W. Parker Ave Dassel, MN 55325 Full Service B&M $9,868

    For 2018, Perennial Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,195
    Net interest income $2,925
    Total noninterest income $442
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $326
    Trading account gains and fees $0
    Additional Noninterest Income $116
    Pre-tax net operating income $1,084
    Securities gains (or losses, -) $-1
    Income before extraordinary items $1,083
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,083
    Minority interest net income $0
    Net income $1,083
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,084

    Perennial Bank's gross interest income from loans was $3,195,000.
    Perennial Bank's net interest income from loans was $2,925,000.
    Perennial Bank's fee based income from loans was $326,000.
    Perennial Bank's net income from loans was $1,083,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $270
    Provision for credit losses $0
    Total noninterest expense $2,283
    Salaries and employee benefits $1,424
    Premises and equipment expense $290
    Additional noninterest expense $569
    Applicable income taxes $0
    Net charge-offs $-33
    Cash dividends $594

    Perennial Bank's interest expense for loans was $270,000.
    Perennial Bank's payroll and benefits expense were $1,424,000.
    Perennial Bank's property, plant and equipment expenses $290,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $98,948
    Deposits held in domestic offices $98,948
    Deposits by Individuals, partnerships, and corporations $86,527
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,420
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $39,870
    Demand deposits $26,972
    Nontransaction accounts $59,077
    Money market deposit accounts (MMDAs) $31,396
    Other savings deposits (excluding MMDAs) $17,894
    Total time deposits $9,788
    Total time and savings deposits $71,975
    Noninterest-bearing deposits $28,328
    Interest-bearing deposits $70,620
    Retail deposits $98,646
    IRAs and Keogh plan accounts $3,510
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $108,121
    Cash & Balances due from depository institutions $24,336
    Interest-bearing balances $20,607
    Total securities $43,372
    Federal funds sold & reverse repurchase $5,500
    Net loans and leases $31,238
    Loan and leases loss allowance $567
    Trading account assets $0
    Bank premises and fixed assets $1,686
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,989

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $108,120
    Total Liabilities $99,414
    Total deposits $98,948
    Interest-bearing deposits $70,620
    Deposits held in domestic offices $98,948
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $466

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $31,238
    Loan and leases loss allowance $567
    Total loans and leases (domestic) $31,805
    All real estate loans $19,059
    Real estate loans in domestic offices $19,059
    Construction and development loans $1,877
    Residential 1-4 family construction $780
    Other construction, all land development and other land $1,097
    Loans secured by nonfarm nonresidential properties $2,348
    Nonfarm nonresidential secured by owner-occupied properties $2,227
    Commercial real estate & other non-farm, non-residential $121
    Multifamily residential real estate $667
    1-4 family residential loans $11,031
    Farmland loans $3,136
    Loans held in foreign offices $0
    Farm loans $3,209
    Commercial and industrial loans $4,545
    To non-U.S. addressees $0
    Loans to individuals $4,495
    Credit card loans $0
    Related Plans $24
    Consumer Auto Loans $1,987
    Other loans to individuals $2,484
    All other loans & leases $498
    Loans to foreign governments and official institutions $0
    Other loans $32
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $70
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Perennial Bank had $31,238,000 of loans outstanding in 2018. $19,059,000 of loans were in real estate loans. $1,877,000 of loans were in development loans. $667,000 of loans were in multifamily mortgage loans. $11,031,000 of loans were in 1-4 family mortgage loans. $3,209,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,987,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 34 $2,347 $69,029
    Nonfarm, nonresidential loans - <$100k 24 $883 $36,792
    Nonfarm, nonresidential loans - $100-250k 9 $1,012 $112,444
    Nonfarm, nonresidential loans - $250k-1MM 1 $452 $452,000
    Commercial & Industrial, US addressed loans - <$1MM 117 $4,545 $38,846
    Commercial & Industrial, US addressed loans - <$100k 98 $1,719 $17,541
    Commercial & Industrial, US addressed loans - $100-250k 12 $1,211 $100,917
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,615 $230,714
    Farmland loans - <$1MM 29 $3,135 $108,103
    Farmland loans - <$100k 15 $618 $41,200
    Farmland loans - $100-250k 8 $920 $115,000
    Farmland loans - $250k-1MM 6 $1,597 $266,167
    Agriculture operations loans - <$1MM 41 $2,835 $69,146
    Agriculture operations loans - <$100k 29 $813 $28,034
    Agriculture operations loans - $100-250k 7 $951 $135,857
    Agriculture operations loans - $250k-1MM 5 $1,071 $214,200