Cherokee State Bank

Overview / Commentary
212 West Willow Street
Cherokee, IA 51012

Cherokee State Bank is headquartered in CHEROKEE and is the 108th largest bank in the state of Iowa. It is also the 2,664th largest bank in the nation. It was established in 1888 and as of September of 2023, it had grown to 29 employees at 1 location. Cherokee State Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #951
Year Established1888
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD10.85%
Annual Interest Income$7.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$258.8MM$239.9MM
LoansQ3 2023vs Q3 2022$157.4MM$132.2MM
DepositsQ3 2023vs Q3 2022$223MM$205MM
Equity CapitalQ3 2023vs Q3 2022$19.6MM$20MM
Loan Loss AllowanceQ3 2023vs Q3 2022$2.3MM$2.2MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$0$0
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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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

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

OTHER TIERS: 0.05% $25k+
0.07%*$25k*-Premium Interest Checking
OTHER TIERS: 0.05% $1k - $25k

Cherokee State Bank Locations
Cherokee State Bank212 W Willow StCherokee, IA 51012

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