State Bank of Cherry

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

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

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 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

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 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.cherry.bank

815-894-2345

110 South Main Street
Cherry, IL 61317

State Bank of Cherry is headquartered in CHERRY and is the 245^th largest bank in the state of Illinois. It is also the 3,577^th largest bank in the nation. It was established in 1906 and as of March of 2025, it had grown to 12 employees at 1 location. State Bank of Cherry's CD rates are 3X the national average, and it has a B health rating.

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Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	11686
Year Established	1906
Employees	12
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.66%
Return on Equity - YTD	14.75%
Annual Interest Income	$1.7MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$129.1MM$122MM
Loans	Q1 2025vs Q1 2024	$98MM$96.8MM
Deposits	Q1 2025vs Q1 2024	$104.9MM$104.6MM
Equity Capital	Q1 2025vs Q1 2024	$14.7MM$14.1MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1.9MM$2.1MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$2.8MM$822K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 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

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 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

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State Bank of Cherry CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.75%	$2.5k	-	24 Month Add-2-It CD
3.29%	$25	-	5 Year Journey Ahead CD
3.03%	$25	-	3 Year Journey Ahead CD
2.58%	$1k	-	60 Month CD
2.52%	$25	-	1 Year Journey Ahead CD
2.47%	$1k	-	48 Month CD
2.42%	$1k	-	36 Month CD
2.32%	$1k	-	30 Month CD
2.32%	$1k	-	24 Month CD
2.27%	$1k	-	12 Month CD
2.27%	$1k	-	18 Month CD
1.51%	$1k	-	6-11 Month CD
1.26%	$1k	-	1-5 Month CD

Locations

State Bank of Cherry Locations
State Bank Of Cherry	110 S Main St	Cherry, IL 61317

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