Bank · FDIC insured
State Bank of Cherry
A $137.6M bank headquartered in Cherry, IL, with 1 branch in Illinois. Best rates: CDs 3.80% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. Savings: rates are not published online. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs763.80%for 9–15 monthsCD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About State Bank of Cherry
State Bank of Cherry is based in Cherry, Illinois.
The bank provides agricultural lending options, including equipment financing, real estate loans, and operating lines of credit.
- Headquarters
- 110 S Main St, Cherry, IL 61317
- FDIC certificate
- 11686 ↗
Branches
1 branch in Illinois
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Illinois
1 branch
- State Bank of CherryMain office110 S Main St, Cherry, IL 61317Directions
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 | 11.63% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.50% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.89% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $88 | $81 | — |
- CapitalLeverage ratio11.63%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.50%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.89%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$88Peers’ 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 State Bank of Cherry are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.