State Bank of Cherry
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.22% | 5-year CD | |
| 0.80% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
| 0.15% | Savings | 2.00% - Ally Bank Online Savings Account |
State Bank of Cherry is headquartered in Cherry and is the 320th largest bank in the state of Illinois. It is also the 4,387th largest bank in the nation. It was established in 1906 and as of September of 2018, it had grown to 11 employees at 1 location. State Bank of Cherry has an A health rating.
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 Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11686 |
| Year Established | 1906 |
| Employees | 11 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.62% |
| Return on Equity - YTD | 12.23% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $85.2MM$85.1MM |
| Loans | Q3 2018vs Q3 2017 | $54.4MM$48.2MM |
| Deposits | Q3 2018vs Q3 2017 | $73.6MM$73.6MM |
| Equity Capital | Q3 2018vs Q3 2017 | $11.5MM$11.5MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $599.00K$501.00K |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $10.00K$8.00K |
| Real Estate Owned | Q3 2018vs Q3 2017 | $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.22% | $1k | - | 60 Month CD | |
| 2.22% | $25 | - | 5 Year Journey Ahead CD | |
| 1.76% | $1k | - | 48 Month CD | |
| 1.51% | $25 | - | 3 Year Journey Ahead CD | |
| 1.36% | $1k | - | 36 Month CD | |
| 1.10% | $1k | - | 30 Month CD | |
| 1.00% | $1k | - | 24-35 Month CD | |
| 1.00% | $25 | - | 1 Year Journey Ahead CD | |
| 0.90% | $1k | - | 18-23 Month CD | |
| 0.80% | $1k | - | 12-17 Month CD | |
| 0.50% | $1k | - | 6-11 Month CD | |
| 0.30% | $1k | - | 1-5 Month CD |
State Bank of Cherry IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.22% | $1k | - | 60 Month IRA | |
| 1.76% | $1k | - | 48 Month IRA | |
| 1.36% | $1k | - | 36 Month IRA | |
| 1.10% | $1k | - | 30 Month IRA | |
| 1.00% | $1k | - | 24-35 Month IRA | |
| 0.90% | $1k | - | 18-23 Month IRA | |
| 0.80% | $1k | - | 12-17 Month IRA | |
| 0.50% | $1k | - | 6-11 Month IRA | |
| 0.30% | $1k | - | 1-5 Month IRA |
| State Bank of Cherry Locations | ||
|---|---|---|
| State Bank Of Cherry | 110 South Main Street | Cherry, IL 61317 |