Cherokee State Bank

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

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 116^th largest bank in the state of Iowa. It is also the 2,702^nd largest bank in the nation. It was established in 1888 and as of December of 2024, it had grown to 29 employees at 1 location. Cherokee State Bank has an A health rating.

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Health

Data as of Q4 2024

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Health Grade Components

Overall
FDIC Certificate #	951
Year Established	1888
Employees	29
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.71%
Return on Equity - YTD	7.89%
Annual Interest Income	$12.3MM

Assets and Liabilities
Assets	Q4 2024vs Q4 2023	$260.7MM$256.6MM
Loans	Q4 2024vs Q4 2023	$170.8MM$164.5MM
Deposits	Q4 2024vs Q4 2023	$210.5MM$216.7MM
Equity Capital	Q4 2024vs Q4 2023	$23MM$22.9MM
Loan Loss Allowance	Q4 2024vs Q4 2023	$2MM$2.3MM
Unbacked Noncurrent Loans	Q4 2024vs Q4 2023	$0$0
Real Estate Owned	Q4 2024vs Q4 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for Cherokee State Bank are currently being reviewed.

Locations

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

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