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 119^th largest bank in the state of Iowa. It is also the 2,854^th largest bank in the nation. It was established in 1888 and as of June of 2022, it had grown to 26 employees at 1 location. Cherokee State Bank has an A+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

A+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	951
Year Established	1888
Employees	26
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.37%
Return on Equity - YTD	12.55%
Annual Interest Income	$4.2MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$234.7MM$237.0MM
Loans	Q2 2022vs Q2 2021	$128.3MM$140.5MM
Deposits	Q2 2022vs Q2 2021	$195.9MM$185.8MM
Equity Capital	Q2 2022vs Q2 2021	$22.5MM$30.4MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$2.2MM$2.2MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$15.00K$1.2MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$0

Rates

Skip to rates for:

Savings
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$100k^*	-	IRA Savings
OTHER TIERS: 0.15% → Up to $10k \| 0.25% → $10k - $50k \| 0.40% → $50k - $100k
0.15%^*	$100k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $25k \| 0.07% → $25k - $100k
0.15%^*	$100k^*	-	Investor Savings
OTHER TIERS: 0.05% → Up to $25k \| 0.07% → $25k - $100k
0.10%^*	$100k^*	-	Regular Savings
OTHER TIERS: 0.05% → Up to $25k \| 0.07% → $25k - $100k

Cherokee State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%^*	-	$25k	eChecking
OTHER TIERS: 0.05% → $25k+
0.07%^*	$25k^*	-	Premium Interest Checking
OTHER TIERS: 0.05% → $1k - $25k

Cherokee State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.45%^*	$50k^*	-	60 Month CD
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
1.35%^*	$50k^*	-	48 Month CD
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
1.35%	$10k	-	19 Month CD Special
1.25%^*	$50k^*	-	36 Month CD
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
1.20%	$10k	-	11 Month CD Special
1.15%^*	$50k^*	-	24 Month CD
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
1.05%^*	$50k^*	-	18 Month CD
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
0.95%^*	$50k^*	-	12 Month CD
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
0.30%	$1k	-	6 Month CD
0.30%	$1k	-	3 Month CD

Cherokee State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.45%^*	$50k^*	-	60 Month IRA
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
1.35%^*	$50k^*	-	48 Month IRA
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
1.25%^*	$50k^*	-	36 Month IRA
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
1.15%^*	$50k^*	-	24 Month IRA
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
1.05%^*	$50k^*	-	18 Month IRA
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
0.95%^*	$50k^*	-	12 Month IRA
OTHER TIERS: 0.30% → $1k - $25k \| 0.40% → $25k - $50k
0.30%	$1k	-	3 Month IRA
0.30%	$1k	-	6 Month IRA

Locations

Cherokee State Bank Locations
Cherokee State Bank	212 W Willow St	Cherokee, IA 51012

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.