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

Cherokee State Bank is headquartered in Cherokee and is the 94th largest bank in the state of Iowa. It is also the 2,665th largest bank in the nation. It was established in 1888 and as of September of 2018, it had grown to 30 employees at 1 location. Cherokee State Bank's CD rates are 56% higher than the national average, and it has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #951
Year Established1888
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD13.15%
Annual Interest Income$6.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$226.0MM$215.3MM
LoansQ3 2018vs Q3 2017$147.7MM$132.5MM
DepositsQ3 2018vs Q3 2017$187.0MM$173.5MM
Equity CapitalQ3 2018vs Q3 2017$23.5MM$24.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$2.0MM$2.2MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$4.1MM$1.4MM
Real Estate OwnedQ3 2018vs Q3 2017$283.00K$0
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
1.50%*$100k*-IRA Savings
OTHER TIERS: 0.50% Up to $10k | 1.00% $10k - $50k | 1.25% $50k - $100k
0.75%*$100k*-Health Savings Account
OTHER TIERS: 0.25% Up to $25k | 0.50% $25k - $100k
0.30%*$100k*-Investor Savings
OTHER TIERS: 0.05% Up to $25k | 0.20% $25k - $100k
0.25%*$100k*-Regular Savings
OTHER TIERS: 0.05% Up to $25k | 0.15% $25k - $100k

Cherokee State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$25keChecking
OTHER TIERS: 0.05% $25k+
0.20%*$25k*-Premium Interest Checking
OTHER TIERS: 0.15% $1k - $25k

Cherokee State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$10k-19 Month CD Special
2.00%*$10k*-60 Month CD
OTHER TIERS: 1.60% $1k - $10k
2.00%*$10k*-48 Month CD
OTHER TIERS: 1.50% $1k - $10k
2.00%*$10k*-36 Month CD
OTHER TIERS: 1.40% $1k - $10k
1.70%*$10k*-24 Month CD
OTHER TIERS: 1.30% $1k - $10k
1.55%*$10k*-18 Month CD
OTHER TIERS: 1.20% $1k - $10k
1.40%*$10k*-12 Month CD
OTHER TIERS: 1.10% $1k - $10k
0.50%$1k-6 Month CD
0.35%$1k-3 Month CD

Cherokee State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$10k-19 Month IRA Special
2.00%*$10k*-36 Month IRA
OTHER TIERS: 1.40% $1k - $10k
2.00%*$10k*-48 Month IRA
OTHER TIERS: 1.50% $1k - $10k
2.00%*$10k*-60 Month IRA
OTHER TIERS: 1.60% $1k - $10k
1.70%*$10k*-24 Month IRA
OTHER TIERS: 1.30% $1k - $10k
1.55%*$10k*-18 Month IRA
OTHER TIERS: 1.20% $1k - $10k
1.40%*$10k*-12 Month IRA
OTHER TIERS: 1.10% $1k - $10k
0.50%$1k-6 Month IRA
0.35%$1k-3 Month IRA
Locations


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

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