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 94^th largest bank in the state of Iowa. It is also the 2,642^nd largest bank in the nation. It was established in 1888 and as of September of 2019, it had grown to 34 employees at 1 location. Cherokee State Bank's CD rates are 67% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q3 2019

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Health Grade Components

Overall
FDIC Certificate #	951
Year Established	1888
Employees	34
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.32%
Return on Equity - YTD	11.6%
Annual Interest Income	$7.3MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$228.7MM$226.0MM
Loans	Q3 2019vs Q3 2018	$148.2MM$147.7MM
Deposits	Q3 2019vs Q3 2018	$183.1MM$187.0MM
Equity Capital	Q3 2019vs Q3 2018	$27.6MM$23.5MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$1.9MM$2.0MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$3.6MM$4.1MM
Real Estate Owned	Q3 2019vs Q3 2018	$73.00K$283.00K

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
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
0.35%^*	$100k^*	-	Investor Savings
OTHER TIERS: 0.10% → Up to $25k \| 0.25% → $25k - $100k
0.25%^*	$100k^*	-	Regular Savings
OTHER TIERS: 0.05% → Up to $25k \| 0.15% → $25k - $100k

Cherokee State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$25k	eChecking
OTHER TIERS: 0.05% → $25k+
0.20%^*	$25k^*	-	Premium Interest Checking
OTHER TIERS: 0.15% → $1k - $25k

Cherokee State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%	$10k	-	9 Month CD Specail
2.10%^*	$10k^*	-	36 Month CD
OTHER TIERS: 1.40% → $1k - $10k
2.00%^*	$10k^*	-	60 Month CD
OTHER TIERS: 1.60% → $1k - $10k
2.00%^*	$10k^*	-	48 Month CD
OTHER TIERS: 1.50% → $1k - $10k
1.90%^*	$10k^*	-	30 Month CD
OTHER TIERS: 1.35% → $1k - $10k
1.80%^*	$10k^*	-	24 Month CD
OTHER TIERS: 1.30% → $1k - $10k
1.65%^*	$10k^*	-	18 Month CD
OTHER TIERS: 1.20% → $1k - $10k
1.50%^*	$10k^*	-	12 Month CD
OTHER TIERS: 1.10% → $1k - $10k
0.65%	$1k	-	6 Month CD
0.50%	$1k	-	3 Month CD

Cherokee State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%	$10k	-	9 Month IRA Special
2.10%^*	$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
1.90%^*	$10k^*	-	30 Month IRA
OTHER TIERS: 1.35% → $1k - $10k
1.80%^*	$10k^*	-	24 Month IRA
OTHER TIERS: 1.30% → $1k - $10k
1.65%^*	$10k^*	-	18 Month IRA
OTHER TIERS: 1.20% → $1k - $10k
1.50%^*	$10k^*	-	12 Month IRA
OTHER TIERS: 1.10% → $1k - $10k
0.65%	$1k	-	6 Month IRA
0.50%	$1k	-	3 Month IRA

Locations

Cherokee State Bank Locations
Cherokee State Bank	212 West Willow Street	Cherokee, IA 51012

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