Perennial Bank Mortgage Rates, Fees & Info
Darwin, MN
LEI: 254900PTHF2B5Z1PGA51
Tax ID: 41-0250620
Jump to:
Mortgage Data
Bank Data
Review & Overview
Perennial Bank is a smaller bank specializing in
various types of mortgages.
We show data for
every lender and do not change our ratings-- even if an organization is a paid
advertiser. Our
consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets.
This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our
SimulatedRates™
use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest
fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier.
Contact us
to see how we can help with your market research, analytics or advertising needs.
Originations
0
Origination Dollar Volume (All Markets)
$0
Employee count
20
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| Porania, LLC |
FHA mortgage |
Problem with a credit reporting company's investigation into an existing problem |
1 |
100.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Perennial Bank |
102 E. 2nd St. Winthrop, MN 55396 |
Full Service B&M
|
$30,654 |
| Perennial Bank |
125 East James Street Paynesville, MN 56362 |
Full Service B&M
|
$38,466 |
| Perennial Bank |
318 N 1st Street Darwin, MN 55324 |
Full Service B&M
|
$44,456 |
| Perennial Bank |
780 W. Parker Ave, P.O. Box 160 Dassel, MN 55325 |
Full Service B&M
|
$18,550 |
For 2021, Perennial Bank had 4 branches.
Yearly Performance Overview
Bank Income
Perennial Bank's gross interest income from loans was $2,969,000.
Perennial Bank's net interest income from loans was $2,692,000.
Perennial Bank's fee based income from loans was $290,000.
Perennial Bank's net income from loans was $1,069,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$277 |
| Provision for credit losses |
$0 |
| Total noninterest expense |
$2,336 |
| Salaries and employee benefits |
$1,560 |
| Premises and equipment expense |
$329 |
| Additional noninterest expense |
$447 |
| Applicable income taxes |
$102 |
| Net charge-offs |
$-14 |
| Cash dividends |
$350 |
Perennial Bank's interest expense for loans was $277,000.
Perennial Bank's payroll and benefits expense were $1,560,000.
Perennial Bank's property, plant and equipment expenses $329,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$139,686 |
| Deposits held in domestic offices |
$139,686 |
| Deposits by Individuals, partnerships, and corporations |
$125,604 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$14,082 |
| 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 |
$59,145 |
| Demand deposits |
$41,231 |
| Nontransaction accounts |
$80,541 |
| Money market deposit accounts (MMDAs) |
$44,647 |
| Other savings deposits (excluding MMDAs) |
$25,971 |
| Total time deposits |
$9,925 |
| Total time and savings deposits |
$98,455 |
| Noninterest-bearing deposits |
$41,162 |
| Interest-bearing deposits |
$98,524 |
| Retail deposits |
$139,316 |
| IRAs and Keogh plan accounts |
$3,032 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$151,735 |
| Cash & Balances due from depository institutions |
$36,700 |
| Interest-bearing balances |
$32,943 |
| Total securities |
$73,277 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$38,163 |
| Loan and leases loss allowance |
$564 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$1,572 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$2,023 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$151,735 |
| Total Liabilities |
$140,212 |
| Total deposits |
$139,686 |
| Interest-bearing deposits |
$98,524 |
| Deposits held in domestic offices |
$139,686 |
| % insured (estimated) |
$83 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$526 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$38,163 |
| Loan and leases loss allowance |
$564 |
| Total loans and leases (domestic) |
$38,727 |
| All real estate loans |
$25,466 |
| Real estate loans in domestic offices |
$25,466 |
| Construction and development loans |
$1,158 |
| Residential 1-4 family construction |
$1,048 |
| Other construction, all land development and other land |
$110 |
| Loans secured by nonfarm nonresidential properties |
$2,778 |
| Nonfarm nonresidential secured by owner-occupied properties |
$2,759 |
| Commercial real estate & other non-farm, non-residential |
$19 |
| Multifamily residential real estate |
$164 |
| 1-4 family residential loans |
$17,654 |
| Farmland loans |
$3,712 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$2,654 |
| Commercial and industrial loans |
$4,448 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$5,864 |
| Credit card loans |
$0 |
| Related Plans |
$15 |
| Consumer Auto Loans |
$2,479 |
| Other loans to individuals |
$3,370 |
| All other loans & leases |
$295 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$68 |
| 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 |
$0 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
Perennial Bank had $38,163,000 of loans outstanding in 2021. $25,466,000 of loans were in real estate loans.
$1,158,000 of loans were in development loans. $164,000 of loans were in multifamily mortgage loans.
$17,654,000 of loans were in 1-4 family mortgage loans. $2,654,000 of loans were in farm loans. $0
of loans were in credit card loans. $2,479,000 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 |
27 |
$2,191 |
$81,148 |
| Nonfarm, nonresidential loans - <$100k |
20 |
$640 |
$32,000 |
| Nonfarm, nonresidential loans - $100-250k |
4 |
$494 |
$123,500 |
| Nonfarm, nonresidential loans - $250k-1MM |
3 |
$1,057 |
$352,333 |
| Commercial & Industrial, US addressed loans - <$1MM |
97 |
$4,447 |
$45,845 |
| Commercial & Industrial, US addressed loans - <$100k |
77 |
$1,309 |
$17,000 |
| Commercial & Industrial, US addressed loans - $100-250k |
15 |
$1,523 |
$101,533 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
5 |
$1,615 |
$323,000 |
| Farmland loans - <$1MM |
25 |
$2,980 |
$119,200 |
| Farmland loans - <$100k |
10 |
$361 |
$36,100 |
| Farmland loans - $100-250k |
9 |
$846 |
$94,000 |
| Farmland loans - $250k-1MM |
6 |
$1,773 |
$295,500 |
| Agriculture operations loans - <$1MM |
46 |
$2,039 |
$44,326 |
| Agriculture operations loans - <$100k |
33 |
$744 |
$22,545 |
| Agriculture operations loans - $100-250k |
9 |
$546 |
$60,667 |
| Agriculture operations loans - $250k-1MM |
4 |
$749 |
$187,250 |