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 105^th largest bank in the state of Iowa. It is also the 2,778^th largest bank in the nation. It was established in 1888 and as of June of 2020, it had grown to 29 employees at 1 location. Cherokee State Bank has an A health rating.

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Health

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	951
Year Established	1888
Employees	29
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.43%
Return on Equity - YTD	11.38%
Annual Interest Income	$4.9MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$231.2MM$228.6MM
Loans	Q2 2020vs Q2 2019	$159.0MM$152.9MM
Deposits	Q2 2020vs Q2 2019	$181.2MM$176.8MM
Equity Capital	Q2 2020vs Q2 2019	$29.0MM$27.0MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$2.0MM$1.9MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$2.9MM$3.6MM
Real Estate Owned	Q2 2020vs Q2 2019	$0$93.00K

Rates

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Savings
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$25k	eChecking
OTHER TIERS: 0.05% → $25k+
0.10%^*	$25k^*	-	Premium Interest Checking
OTHER TIERS: 0.05% → $1k - $25k

Cherokee State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Bank	212 West Willow Street	Cherokee, IA 51012

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