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 119th largest bank in the state of Iowa. It is also the 2,854th 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.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #951
Year Established1888
Employees26
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.37%
Return on Equity - YTD12.55%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$234.7MM$237.0MM
LoansQ2 2022vs Q2 2021$128.3MM$140.5MM
DepositsQ2 2022vs Q2 2021$195.9MM$185.8MM
Equity CapitalQ2 2022vs Q2 2021$22.5MM$30.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.2MM$2.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$15.00K$1.2MM
Real Estate OwnedQ2 2022vs Q2 2021$0$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
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$25keChecking
OTHER TIERS: 0.05% $25k+
0.07%*$25k*-Premium Interest Checking
OTHER TIERS: 0.05% $1k - $25k

Cherokee State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Bank212 W Willow StCherokee, IA 51012

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