State Bank of Cherry
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.02% | 5-year CD | 60 Month CD 2.50% - Ally Bank High Yield 5 Year CD |
| 0.40% | 1-year CD | 12-17 Month CD |
| 0.15% | Savings | Passbook Savings Account |
State Bank of Cherry is headquartered in Cherry and is the 333rd largest bank in the state of Illinois. It is also the 4,517th largest bank in the nation. It was established in 1906 and as of December of 2017, it had grown to 10 employees at 1 location. State Bank of Cherry has a B+ health rating.
| Featured Account Options | SPONSORED LISTINGS | ||||
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Local small banks the best way to go
We have banked with our local bank for over 10 years now. When we walk into the bank every worker knows who we are by name and that is a great feeling. They offer free checking, savings, and online banking which is harder to find with the large banks. If we have any discrepancies on any of our accounts we can call and get answers and help immediately. We always feel confident that our needs are being met by our bank. They do offer money markets and IRAs but we do not currently have either. There has been several occassions where a charge did not look right when it came through to our account and the bank has called us immediately to make sure the purchase was made by me or my husband. It is nice to know that we can count on our bank to ensure our money is safe.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11686 |
| Year Established | 1906 |
| Employees | 10 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.38% |
| Return on Equity - YTD | 10.53% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $85.0MM$87.3MM |
| Loans | Q4 2017vs Q4 2016 | $50.1MM$40.6MM |
| Deposits | Q4 2017vs Q4 2016 | $73.6MM$76.2MM |
| Equity Capital | Q4 2017vs Q4 2016 | $11.3MM$11.0MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $501.00K$452.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $17.00K$21.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not State Bank of Cherry; we are a rate comparison website and cannot provide official rates or promotions.
State Bank of Cherry Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | Passbook IRA | |
| 0.15% | - | - | Passbook Savings Account | |
| 0.10% | - | - | Christmas Club | |
| 0.05% | - | - | HSA Account |
State Bank of Cherry Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Money Market Account |
State Bank of Cherry Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | - | - | NOW Account |
State Bank of Cherry CD Rates
State Bank of Cherry IRA Rates
| State Bank of Cherry Locations | ||
|---|---|---|
| State Bank Of Cherry | 110 South Main Street | Cherry, IL 61317 |