Perennial Bank (FDIC certificate #1413) is based in Darwin, Minnesota. Its Q2 2026 call report shows $158.1M in total assets and $144.6M in deposits and 4 offices.
Perennial Bank has a TellerScore of 63 out of 100 (moderate) based on Q2 2026 data — higher than only 24% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 161st. Funding & liquidity contributes the most (100/100, 45% loans-to-deposits, 11% uninsured); capital cushion contributes the least (45/100, 9.48%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 10 points (73 → 63), mostly because the loan quality component weakened by 33 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 70 |
| Q3 2024 | 68 |
| Q4 2024 | 71 |
| Q1 2025 | 71 |
| Q2 2025 | 73 |
| Q3 2025 | 67 |
| Q4 2025 | 69 |
| Q1 2026 | 67 |
| Q2 2026 | 63 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.63% |
| Q3 2024 | 9.74% |
| Q4 2024 | 9.72% |
| Q1 2025 | 9.89% |
| Q2 2025 | 9.83% |
| Q3 2025 | 9.58% |
| Q4 2025 | 9.36% |
| Q1 2026 | 9.41% |
| Q2 2026 | 9.48% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.43% |
| Q3 2024 | 0.77% |
| Q4 2024 | 0.38% |
| Q1 2025 | 0.57% |
| Q2 2025 | 0.36% |
| Q3 2025 | 0.89% |
| Q4 2025 | 0.66% |
| Q1 2026 | 0.90% |
| Q2 2026 | 1.36% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.83% |
| Q3 2024 | 0.84% |
| Q4 2024 | 0.86% |
| Q1 2025 | 0.94% |
| Q2 2025 | 0.96% |
| Q3 2025 | 0.99% |
| Q4 2025 | 0.97% |
| Q1 2026 | 0.99% |
| Q2 2026 | 1.00% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 63 | $158.1M | 9.48% | 1.36% | 1.00% | 44.6% |
| Q1 2026 | 67 | $155.9M | 9.41% | 0.90% | 0.99% | 42.7% |
| Q4 2025 | 69 | $156.7M | 9.36% | 0.66% | 0.97% | 43.0% |
| Q3 2025 | 67 | $149.7M | 9.58% | 0.89% | 0.99% | 44.5% |
| Q2 2025 | 73 | $148.5M | 9.83% | 0.36% | 0.96% | 44.3% |
| Q1 2025 | 71 | $145.5M | 9.89% | 0.57% | 0.94% | 43.3% |
| Q4 2024 | 71 | $142.7M | 9.72% | 0.38% | 0.86% | 42.6% |
| Q3 2024 | 68 | $138.6M | 9.74% | 0.77% | 0.84% | 43.8% |
| Q2 2024 | 70 | $139.3M | 9.63% | 0.43% | 0.83% | 41.6% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First Southeast BankBank Harmony, MN | 68 out of 100, Moderate | $158.3M | 8.4% | 0.14% | vs |
| First Security BankBank Byron, MN | 37 out of 100, Low | $161.7M | 7.9% | 2.63% | vs |
| Prime Security BankBank Karlstad, MN | 59 out of 100, Moderate | $154.5M | 8.7% | 0.52% | vs |
| State Bank of FairmontBank Fairmont, MN | 61 out of 100, Moderate | $154.2M | 10.4% | 2.03% | vs |
| Lake Region BankBank New London, MN | 84 out of 100, Strong | $153.0M | 10.4% | 0.09% | vs |
| Security State Bank of HibbingBank Hibbing, MN | 64 out of 100, Moderate | $151.9M | 11.6% | 1.54% | vs |
Deposit insurance
Is my money safe at Perennial Bank?
Yes. Perennial Bank is an FDIC-insured institution (FDIC certificate #1413). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 11.1% of deposits ($16.0M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.48%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 24.91% (benchmark: 10%).
4 locations
Branches
Perennial Bank lists 4 offices in 4 cities. Most locations:
- Darwin, MN (1)
- Dassel, MN (1)
- Paynesville, MN (1)
- Winthrop, MN (1)
Identity & history
Profile
- Legal name
- Perennial Bank
- Former names
- Farmers State Bank of Darwin
- Type
- State-chartered bank
- FDIC certificate #
- 1413
- RSSD ID
- 344852
- Primary regulator
- FDIC
- Holding company
- Darwin Bancshares Inc
- Established
- January 1, 1914
- Headquarters
- 318 N 1st St, Darwin, MN 55324
- Website
- www.perennialbank.com
- Employees
- 18
Quick answers
Perennial Bank: common questions
Is Perennial Bank FDIC insured?
Yes. Perennial Bank is an FDIC-insured institution (FDIC certificate #1413). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Perennial Bank's TellerScore?
63 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Perennial Bank ever failed?
There is no failure record for FDIC certificate #1413 in the FDIC failed bank list.
How many branches does Perennial Bank have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Darwin
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Lake Central BankBank Annandale, MN | 86 out of 100, Very strong | $291.3M | 11.2% | 0.04% | vs |
| PrinsBankBank Prinsburg, MN | 85 out of 100, Very strong | $308.3M | 12.0% | 0.29% | vs |
| Home State BankBank Litchfield, MN | 83 out of 100, Strong | $218.9M | 11.8% | 0.08% | vs |
| Center National BankBank Litchfield, MN | 80 out of 100, Strong | $242.6M | 11.1% | 0.00% | vs |
| Grand Marais State BankBank Grand Marais, MN | 75 out of 100, Strong | $207.2M | 8.4% | 0.10% | vs |
| Security Bank & Trust CompanyBank Glencoe, MN | 74 out of 100, Strong | $1.3B | 9.4% | 0.34% | vs |