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 93^rd largest bank in the state of Iowa. It is also the 2,630^th largest bank in the nation. It was established in 1888 and as of December of 2018, it had grown to 30 employees at 1 location. Cherokee State Bank's CD rates are 56% higher than the national average, and it has a B health rating.

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Health

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #	951
Year Established	1888
Employees	30
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.46%
Return on Equity - YTD	13.78%
Annual Interest Income	$9.2MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$232.5MM$217.5MM
Loans	Q4 2018vs Q4 2017	$155.1MM$136.4MM
Deposits	Q4 2018vs Q4 2017	$191.7MM$172.0MM
Equity Capital	Q4 2018vs Q4 2017	$24.2MM$23.7MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$1.9MM$1.8MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$3.8MM$955.00K
Real Estate Owned	Q4 2018vs Q4 2017	$299.00K$0

Rates

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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
0.75%^*	$100k^*	-	Health Savings Account
OTHER TIERS: 0.25% → Up to $25k \| 0.50% → $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
2.40%	$10k	-	19 Month CD Special
2.00%^*	$10k^*	-	60 Month CD
OTHER TIERS: 1.60% → $1k - $10k
2.00%^*	$10k^*	-	48 Month CD
OTHER TIERS: 1.50% → $1k - $10k
2.00%^*	$10k^*	-	36 Month CD
OTHER TIERS: 1.40% → $1k - $10k
1.70%^*	$10k^*	-	24 Month CD
OTHER TIERS: 1.30% → $1k - $10k
1.55%^*	$10k^*	-	18 Month CD
OTHER TIERS: 1.20% → $1k - $10k
1.40%^*	$10k^*	-	12 Month CD
OTHER TIERS: 1.10% → $1k - $10k
0.50%	$1k	-	6 Month CD
0.35%	$1k	-	3 Month CD

Cherokee State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.40%	$10k	-	19 Month IRA Special
2.00%^*	$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
1.70%^*	$10k^*	-	24 Month IRA
OTHER TIERS: 1.30% → $1k - $10k
1.55%^*	$10k^*	-	18 Month IRA
OTHER TIERS: 1.20% → $1k - $10k
1.40%^*	$10k^*	-	12 Month IRA
OTHER TIERS: 1.10% → $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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