Cherokee Bank, National Association

Cherokee Bank, National Association Locations
1275 Riverstone Parkway
Canton, GA 30114
770.479.3400
www.cherokeebank.com

Cherokee Bank, National Association is headquartered in Canton and is the 102nd largest bank in the state of Georgia. It is also the 3,537th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 38 employees at 3 locations. Cherokee Bank, National Association's money market rates are 14% higher than the national average, but it has a 2-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Cherokee Bank, National Association Checking Account Rates

ApyMinMaxProduct
0.50%$50k-Millennium Checking Account
0.10%--Personal Interest Checking Account
0.10%--Business Interest Checking Account

Cherokee Bank, National Association Savings Account Rates

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0.50%--Health Savings Account
0.15%--Personal Savings Account
0.15%--Business Savings Account

Cherokee Bank, National Association Money Market Rates

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0.50%$100k-Regular Money Market Account
0.50%$10k-Rewards Money Market Account
0.30%--MMAX Money Market Account

Cherokee Bank, National Association CD Rates

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1.51%$1k-60 Month Preferred CD
1.21%$1k-48 Month Preferred CD
1.11%$1k-36 Month Preferred CD
0.95%$1k-24 Month Preferred CD
0.75%$1k-60 Month CD
0.74%$1k-15 Month Preferred CD
0.74%$1k-18 Month Preferred CD
0.60%$1k-48 Month CD
0.60%$1k-12 Month Preferred CD
0.55%$1k-36 Month CD
0.50%$1k-6 Month Preferred CD
0.48%$1k-24 Month CD
0.40%$1k-3 Month Preferred CD
0.37%$1k-15 Month CD
0.37%$1k-18 Month CD
0.30%$1k-12 Month CD
0.25%$1k-6 Month CD
0.20%$1k-3 Month CD

Cherokee Bank, National Association IRA Rates

ApyMinMaxProduct
1.51%$1k-60 Month Preferred Educational IRA
1.51%$1k-60 Month Preferred IRA
1.51%$1k-60 Month Preferred Roth IRA
1.21%$1k-48 Month Preferred Educational IRA
1.21%$1k-48 Month Preferred IRA
1.21%$1k-48 Month Preferred Roth IRA
1.11%$1k-36 Month Preferred Educational IRA
1.11%$1k-36 Month Preferred IRA
1.11%$1k-36 Month Preferred Roth IRA
0.95%$1k-24 Month Preferred Educational IRA
0.95%$1k-24 Month Preferred IRA
0.95%$1k-24 Month Preferred Roth IRA
0.75%$1k-60 Month IRA
0.75%$1k-60 Month Roth IRA
0.75%$1k-60 Month Educational IRA
0.74%$1k-15 Month Preferred Educational IRA
0.74%$1k-15 Month Preferred IRA
0.74%$1k-15 Month Preferred Roth IRA
0.74%$1k-18 Month Preferred Educational IRA
0.74%$1k-18 Month Preferred IRA
0.74%$1k-18 Month Preferred Roth IRA
0.60%$1k-48 Month IRA
0.60%$1k-48 Month Roth IRA
0.60%$1k-48 Month Educational IRA
0.60%$1k-12 Month Preferred Educational IRA
0.60%$1k-12 Month Preferred IRA
0.60%$1k-12 Month Preferred Roth IRA
0.55%$1k-36 Month IRA
0.55%$1k-36 Month Roth IRA
0.55%$1k-36 Month Educational IRA
0.50%$1k-6 Month Preferred Educational IRA
0.50%$1k-6 Month Preferred IRA
0.50%$1k-6 Month Preferred Roth IRA
0.48%$1k-24 Month IRA
0.48%$1k-24 Month Roth IRA
0.48%$1k-24 Month Educational IRA
0.40%$1k-3 Month Preferred Educational IRA
0.40%$1k-3 Month Preferred IRA
0.40%$1k-3 Month Preferred Roth IRA
0.37%$1k-15 Month IRA
0.37%$1k-18 Month IRA
0.37%$1k-15 Month Roth IRA
0.37%$1k-18 Month Roth IRA
0.37%$1k-15 Month Educational IRA
0.37%$1k-18 Month Educational IRA
0.30%$1k-12 Month IRA
0.30%$1k-12 Month Roth IRA
0.30%$1k-12 Month Educational IRA
0.25%$1k-6 Month IRA
0.25%$1k-6 Month Roth IRA
0.25%$1k-6 Month Educational IRA
0.20%$1k-3 Month IRA
0.20%$1k-3 Month Roth IRA
0.20%$1k-3 Month Educational IRA

Rates updated: 5/18/2012

Data for Q1 2012


Institution Statistics


Cherokee Bank, National Association
FDIC Certificate #35136
BankRate ReportView
Year Established1999
Employees38
Primary RegulatorOCC

Assets and Liabilities

Assets$169.61 million
Loans$105.27 million
Deposits$151.80 million
Equity Capital$11.77 million
Loan Loss Allowance$2.77 million
Unbacked Noncurrent Loans$7.34 million
Real Estate Owned$4.67 million

Historic Data - March 2011

Assets$176.98 million
Equity Capital$11.13 million
Loan Loss Allowance$3.18 million
Unbacked Noncurrent Loans$11.50 million
Real Estate Owned$8.46 million

Profit Margin - Quarterly

Net Interest Margin3.71%
Return on Assets0.01%
Return on Equity0.1%
Interest Income$1.68 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio1
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Cherokee Bank, National Association had $12.01 million in non-current loans and owned real-estate with $14.54 million in equity and loan loss allowances on hand to cover it. This gives Cherokee Bank, National Association a Texas Ratio of 82.56% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Cherokee Bank, National Association decreased significantly from 139.49% as of March 31, 2011 to 82.56% as of March 31, 2012, resulting in a positive change of 40.81%.This indicates that the balance sheet and financial strength for Cherokee Bank, National Association has improved significantly in recent periods.
Deposit Growth3
In the past year, Cherokee Bank, National Association has increased its total deposits by $398,000, resulting in 0.26% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Cherokee Bank, National Association has shown is average.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Cherokee Bank, National Association has $169.61 million in assets with $14.54 million in equity, resulting in a capitalization level of 8.57%, which is average.
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