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Cherokee State Bank


Overview / Commentary
www.cherokeestatebank.com
712-225-3000
212 West Willow Street
Cherokee, IA 51012

Cherokee State Bank is headquartered in Cherokee and is the 108th largest bank in the state of Iowa. It is also the 2,784th largest bank in the nation. It was established in 1888 and as of December of 2020, it had grown to 30 employees at 1 location. Cherokee State Bank has an A health rating.

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Health
A

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #951
Year Established1888
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD10.52%
Annual Interest Income$9.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$235.4MM$221.5MM
LoansQ4 2020vs Q4 2019$144.2MM$148.8MM
DepositsQ4 2020vs Q4 2019$184.4MM$178.3MM
Equity CapitalQ4 2020vs Q4 2019$29.5MM$27.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$2.1MM$1.7MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$2.9MM$3.4MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Cherokee State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cherokee State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.77%*$100k*-IRA Savings
OTHER TIERS: 0.17% → Up to $10k | 0.37% → $10k - $50k | 0.57% → $50k - $100k
0.20%*$100k*-Health Savings Account
OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $100k
0.20%*$100k*-Investor Savings
OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $100k
0.15%*$100k*-Regular Savings
OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $100k

Cherokee State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$25keChecking
OTHER TIERS: 0.05% → $25k+
0.10%*$25k*-Premium Interest Checking
OTHER TIERS: 0.05% → $1k - $25k

Cherokee State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$25k-36 Month Bump Up CD Special
1.05%*$50k*-60 Month CD
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
1.00%*$50k*-48 Month CD
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.95%*$50k*-36 Month CD
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.95%*$50k*-24 Month CD
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.95%*$50k*-18 Month CD
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.70%*$50k*-12 Month CD
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.30%$1k-6 Month CD
0.20%$1k-3 Month CD

Cherokee State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$25k-36 Month Bump Up IRA Special
1.05%*$50k*-60 Month IRA
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
1.00%*$50k*-48 Month IRA
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.95%*$50k*-18 Month IRA
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.95%*$50k*-24 Month IRA
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.95%*$50k*-36 Month IRA
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.70%*$50k*-12 Month IRA
OTHER TIERS: 0.40% → $1k - $25k | 0.45% → $25k - $50k
0.30%$1k-6 Month IRA
0.20%$1k-3 Month IRA
Locations


Cherokee State Bank Locations
Cherokee State Bank212 West Willow StreetCherokee, IA 51012

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