Overview / Commentary
212 West Willow Street
Cherokee, IA 51012

Cherokee State Bank is headquartered in Cherokee and is the 94th largest bank in the state of Iowa. It is also the 2,681st largest bank in the nation. It was established in 1888 and as of June 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 an A health rating.


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Health Grade Components

FDIC Certificate #951
Year Established1888
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.44%
Return on Equity - YTD13.47%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$224.9MM$210.3MM
LoansQ2 2018vs Q2 2017$147.9MM$134.1MM
DepositsQ2 2018vs Q2 2017$181.5MM$171.6MM
Equity CapitalQ2 2018vs Q2 2017$23.7MM$24.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.9MM$2.1MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$940.00K$942.00K
Real Estate OwnedQ2 2018vs Q2 2017$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

1.50%*$100k*-IRA Savings
OTHER TIERS: 0.50% Up to $10k | 1.00% $10k - $50k | 1.25% $50k - $100k
0.75%*$100k*-Health Savings Account
OTHER TIERS: 0.25% Up to $25k | 0.50% $25k - $100k
0.30%*$100k*-Investor Savings
OTHER TIERS: 0.05% Up to $25k | 0.20% $25k - $100k
0.25%*$100k*-Regular Saving
OTHER TIERS: 0.05% Up to $25k | 0.15% $25k - $100k

Cherokee State Bank Checking Account Rates

OTHER TIERS: 0.05% $25k+
0.20%*$25k*-Premium Interest Checking
OTHER TIERS: 0.15% $1k - $25k

Cherokee State Bank CD Rates

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

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

Cherokee State Bank Locations
Cherokee State Bank212 West Willow StreetCherokee, IA 51012

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