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Cherokee State Bank
Cherokee, IA · FDIC Certificate #951 · Chartered 10/0
Total assets
$271.11M
Total deposits
$218.93M
Total equity
$27.59M
Net loans
$180.59M
Branches (offices)
2
Net income (YTD)
$1.40M
Rank: #2,602 of 4,213 U.S. banks by assets · #117 of 225 in Iowa. Assets changed 4.2% and deposits 1.5% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.03% |
| Return on equity | 10.35% |
| Net interest margin (YTD) | 3.06% |
| Equity to assets | 10.18% |
| Tier 1 leverage ratio | 13.03% |
| Uninsured deposits (share of deposits) | 15.1% |
| Noncurrent loans (share of loans) | 0.00% |
| Net charge-offs (share of loans) | -0.11% |
| Loans to deposits | 82.5% |
| Real estate loans (share of loans) | 68.5% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $123.66M | 68.5% | |
| Commercial & industrial | $20.57M | 11.4% | |
| Consumer / individual | $2.73M | 1.5% | |
| Construction & development | $3.06M | 1.7% | |
| Agricultural | $35.69M | 19.8% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $234.72M | $195.93M | $1.65M | $22.52M |
| Jun 2023 | $257.69M | $219.74M | $1.20M | $21.64M |
| Jun 2024 | $256.64M | $211.96M | $1.01M | $22.79M |
| Jun 2025 | $260.30M | $215.66M | $1.04M | $24.58M |
| Jun 2026 | $271.11M | $218.93M | $1.40M | $27.59M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Iowa | $218.93M | 2 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $218.93M.
Similar-sized banks
Farmers And Merchants State Bank ($271.74M) · The Apple Creek Banking Company ($270.58M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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