Cherokee State Bank


Overview / Commentary
712-225-3000
212 West Willow Street
Cherokee, IA 51012

Cherokee State Bank is headquartered in Cherokee and is the 105th largest bank in the state of Iowa. It is also the 2,778th 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

Health Grade Components

Overall
FDIC Certificate #951
Year Established1888
Employees29
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.43%
Return on Equity - YTD11.38%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$231.2MM$228.6MM
LoansQ2 2020vs Q2 2019$159.0MM$152.9MM
DepositsQ2 2020vs Q2 2019$181.2MM$176.8MM
Equity CapitalQ2 2020vs Q2 2019$29.0MM$27.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.0MM$1.9MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.9MM$3.6MM
Real Estate OwnedQ2 2020vs Q2 2019$0$93.00K
Rates
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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

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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