Bank · FDIC insured
Cherokee State Bank
A $271.1M bank headquartered in Cherokee, IA, with 2 branches in Iowa. Best rates: CDs 4.05% and savings 0.05% APY.
Cherokee State Bank Carrot Score
67
Carrot Score
Higher than 18% of U.S. banks and credit unions
#116 of 142 in IowaHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Cherokee State Bank
Cherokee State Bank is a locally owned and managed bank serving Cherokee and surrounding communities since 1888.
The bank operates offices in Cherokee and Aurelia.
- Headquarters
- 212 W Willow St, Cherokee, IA 51012
- FDIC certificate
- 951 ↗
Branches
2 branches in Iowa
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Iowa
2 branches
Cherokee area · 1
- Cherokee State BankMain office212 W Willow St, Cherokee, IA 51012Directions
Aurelia area · 1
- Aurelia Branch112 1/2f2 Main St, Aurelia, IA 51005Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 13.03% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.03% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $83 | $81 | — |
- CapitalLeverage ratio13.03%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.03%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$83Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Cherokee State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.