State Bank of Cherry
LOCATIONS
1
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HEALTH RATING
A
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CURRENT TOP RATE
2.02% APY
60 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.02% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
| 0.40% | 1-year CD | 12-17 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 0.15% | Savings | Passbook Savings Account 1.15% - CIT Bank Spring Savings |
Overview / Commentary
State Bank of Cherry is headquartered in Cherry and is the 334th largest bank in the state of Illinois. It is also the 4,614th largest bank in the nation. It was established in 1906 and as of March of 2017, it had grown to 10 employees at 1 location. State Bank of Cherry has an A health rating.
Health
A
Data as of Q1 2017
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. State Bank of Cherry has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11686 |
| Year Established | 1906 |
| Employees | 10 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 7.25% |
| Annual Interest Income | $629.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $85.7MM$82.9MM |
| Loans | Q1 2017vs Q1 2016 | $42.7MM$34.8MM |
| Deposits | Q1 2017vs Q1 2016 | $74.5MM$71.6MM |
| Equity Capital | Q1 2017vs Q1 2016 | $11.1MM$11.2MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $464.00K$447.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $8.00K$39.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Rates
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State Bank of Cherry Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $50 | - | Passbook IRA | |
| 0.15% | $50 | - | Passbook Savings Account | |
| 0.10% | - | - | Christmas Club | |
| 0.05% | $100 | - | HSA Account |
State Bank of Cherry Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $100 | - | Money Market Account |
State Bank of Cherry Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $100 | - | NOW Account |
State Bank of Cherry CD Rates
Locations
| State Bank of Cherry Locations | ||
|---|---|---|
| State Bank Of Cherry | 110 South Main Street | Cherry, IL 61317 |