Cherokee State Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.00%	5-year CD	60 Month CD 3.00% - Ally Bank High Yield 5 Year CD
1.15%	1-year CD	12 Month CD 2.45% - Synchrony Bank 12 Month CD
0.25%	Savings	Regular Saving 1.75% - American Express National Bank High Yield Savings Account

View all Cherokee State Bank rates »

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 95^th largest bank in the state of Iowa. It is also the 2,742^nd largest bank in the nation. It was established in 1888 and as of March of 2018, it had grown to 29 employees at 1 location. Cherokee State Bank's CD rates are 28% higher than the national average, and it has an A health rating.

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Health

A

Data as of Q1 2018

Learn why bank health matters

Health Grade Components

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

Profit Margin
Return on Assets - YTD	1.4%
Return on Equity - YTD	13.06%
Annual Interest Income	$2.2MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$220.8MM$214.5MM
Loans	Q1 2018vs Q1 2017	$142.3MM$128.7MM
Deposits	Q1 2018vs Q1 2017	$181.9MM$176.9MM
Equity Capital	Q1 2018vs Q1 2017	$23.4MM$23.2MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$1.9MM$1.7MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$948.00K$942.00K
Real Estate Owned	Q1 2018vs Q1 2017	$0$0

Rates

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Checking
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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
0.75%^*	$100k^*	-	Health Savings Account
OTHER TIERS: 0.25% → Up to $25k \| 0.50% → $25k - $100k
0.25%^*	$100k^*	-	Regular Saving
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
2.00%^*	$10k^*	-	60 Month CD
OTHER TIERS: 1.25% → $1k - $10k
2.00%^*	$10k^*	-	48 Month CD
OTHER TIERS: 1.00% → $1k - $10k
1.70%^*	$10k^*	-	36 Month CD
OTHER TIERS: 0.95% → $1k - $10k
1.45%^*	$10k^*	-	24 Month CD
OTHER TIERS: 0.75% → $1k - $10k
1.30%^*	$10k^*	-	18 Month CD
OTHER TIERS: 0.75% → $1k - $10k
1.15%^*	$10k^*	-	12 Month CD
OTHER TIERS: 0.50% → $1k - $10k
0.50%	$1k	-	6 Month CD
0.35%	$1k	-	3 Month CD

Cherokee State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%^*	$10k^*	-	48 Month IRA
OTHER TIERS: 1.00% → $1k - $10k
2.00%^*	$10k^*	-	60 Month IRA
OTHER TIERS: 1.25% → $1k - $10k
1.70%^*	$10k^*	-	36 Month IRA
OTHER TIERS: 0.95% → $1k - $10k
1.45%^*	$10k^*	-	24 Month IRA
OTHER TIERS: 0.75% → $1k - $10k
1.30%^*	$10k^*	-	18 Month IRA
OTHER TIERS: 0.75% → $1k - $10k
1.15%^*	$10k^*	-	12 Month IRA
OTHER TIERS: 0.50% → $1k - $10k
0.50%	$1k	-	6 Month IRA
0.35%	$1k	-	3 Month IRA

Locations

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

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