# CHEROKEE STATE BANK
CHEROKEE, IA · FDIC certificate 951 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $271.1M | |
| Deposits | $218.9M | |
| Loans and leases | $182.7M | |
| Total equity | $27.6M | |
| Loans / deposits | 82.48% (p66 of band) | 73.59% |
| Liquid assets / assets | 28.38% (p40 of band) | |
| Uninsured deposits / deposits | 15.05% (p31 of band) | 19.81% |
| Brokered deposits | 3.31% | |
| Wholesale funding | 12.15% (p88 of band) | |
| FHLB advances / assets | 8.59% | |
| Tier 1 leverage | 13.03% (p63 of band) | 11.76% |
| Unrealized securities loss / equity | -36.58% (p10 of band) | -6.57% |
| AOCI / equity | -1.06% (p26 of band) | |
| ROA (annualized) | 1.03% (p41 of band) | 1.17% |
| Net interest margin | 3.06% (p14 of band) | 3.93% |
| Efficiency ratio | 61.56% (p39 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.36% |
| Net charge-offs (annualized) | -0.07% (p3 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 68% | |
| Construction % of loans | 11.07% (p40 of band) | |
| Auto loans | $1.2M (0.68% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 1.5% | |
| Employees | 30 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 2 | capital falling, reserve under noncurrent |  |
| 2012-06 | 0 |  | capital falling, reserve under noncurrent |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 0 |  | capital falling |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | wholesale funding >15% |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 3 | brokered >10%, reserve under noncurrent |  |
| 2018-12 | 2 |  | brokered >10% |
| 2019-03 | 3 | brokered >10% |  |
| 2019-06 | 2 |  | brokered >10% |
| 2019-09 | 1 |  | wholesale funding >15% |
| 2019-12 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2020-03 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 0 |  | reserve under noncurrent, capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 | capital falling | AOCI drag >20% of equity |
| 2023-06 | 4 | brokered >10%, wholesale funding >15% |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 3 |  | capital falling |
| 2024-03 | 2 |  | brokered >10% |
| 2024-06 | 2 | uninsured deposits leaving | wholesale funding >15% |
| 2024-09 | 1 |  | uninsured deposits leaving |
| 2024-12 | 3 | charge-offs p90, uninsured deposits leaving |  |
| 2025-03 | 2 |  | charge-offs p90 |
| 2025-06 | 1 |  | uninsured deposits leaving |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | capital falling |  |
| 2026-06 | 1 |  | capital falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-17 [Cherokee Man Faces Felony Charges Following Online Sting - stormlakeradio.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxQU3BYYkZ5aTIzUzUzclgzOHVVQWltblRfbm1VNW5QQVdZd2FwNmlzODY2dVpreHFxSGtKSjRLMGpkU1AxdWV5MjJLQXA0Z182TjZaaWNEZDk0cDk2dVRoOFUxd3ZPUWZtTExUOGZWcHpQTUNobGNuZ1hfYVFIRVBIUkVCdXhVdDdidDZYXzRjVUZDOVVycC14a2RmMA?oc=5) · stormlakeradio.com
- 2026-06-18 [Cherokee State Bank works to rekindle Hot Dog Days, a tradition lost since 2014 - The Cherokee Chronicle Times](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPODRwUG5hSEpVaWdwUUtNWldRSGF0M3c3MklEci1mbzBtdUY5X0Z4QUJuekF3dGhsNW5nalBtNjZOdXBGYTQ2emVoQmt6NlNyLVRTNTFKZWEzcnlLdmNxQTBORzI3UEpnNVAwaUtMM0U1VW5qN0VOamhQQ2JmQ1N6TFZuQk9YR3hkQThlb1dCcDVsTTFHTzdycjA1bkx5Ync1MXI4TDl4a0RnS1BhLXhMYnFkc2t4cXN6Y2hKY3B6Qkk?oc=5) · The Cherokee Chronicle Times
- 2025-09-16 [Donna M. Brdicko Obituary Sep 16, 2025 - Boothby Funeral Home](https://news.google.com/rss/articles/CBMiZkFVX3lxTE53a2pfdHppcGdOeTRFOElzc1dLTHFUREZPU0xaMnVlMXpkZlZUVUVXc19pRlczQzY0aDBQOU4xa3ZpNVY4cU1ubUp1U2JlcUUtMVd4bG1wQnQ4U3FKLVdwU19HeFd1Zw?oc=5) · Boothby Funeral Home
- 2024-06-04 [Joyce Lockwood Obituary Sep 10, 2011 - Turner Jenness Funeral Home](https://news.google.com/rss/articles/CBMibEFVX3lxTE80N3M4SGYySFVzc1hqZ2RiUVBaM3QxbUpSdEFSWWI2YkpZaFBKTlNOWV9tSTVxcGRDeDVLc29QaXBCczk2VVh3bDZ1YjhzVGxjalZQSmphTmtFTnMzczlGQlBWWnFYQTFCNmVnWA?oc=5) · Turner Jenness Funeral Home
- 2016-02-15 [Johnson new CSB President/CEO - The Cherokee Chronicle Times](https://news.google.com/rss/articles/CBMifkFVX3lxTE9sYWhZd25yaHo3YkQ4cEF5ZzlaX3Vuem5KYXNlMHpiT1VSTXNhUnpOdHMxTnlEazBXN19KVXFkNkhTdkJfT3JIMjhpR2Qwd1BjWkVNNXlUdGhLQkkta0kzTDhqR0JzVl9ST2F0ZFZTWld5RmN1dXVCOWxLd0kwUQ?oc=5) · The Cherokee Chronicle Times
- 2024-06-08 [Shirley Bailey Obituary - Surprise, AZ - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxQdFZuZE4wbTF4eG5rbzVKSExpcXFsRDRaMWJfNmI0RnRkdVdJbUFmb0dpTzB0dzRwUjRodmFkT0VNeFlNa1BOMG1JUmdHVjFjUENFTVpYSnMtVXRlNkwyV0ZKa0NDbjNZcTBQd1NVS1N2cjZLR1pndWdiLVRoNFB2eGhDU3Y?oc=5) · Dignity Memorial
- 2023-01-01 [Alice Lucille Schissel Obituary (2023) - Cherokee, IA - Boothby Funeral Home - 2nd St - Legacy obituary](https://news.google.com/rss/articles/CBMigwFBVV95cUxOV3FVem96X2FCdzRLYXRyNm9ZLXl6QUFJNzZGcUNlSTdZaHBrR0ozWjl5RV9XbVI1VDZXaS1aSGpwSEd0RGxjZXlLWnlUaEtWMWlBeWZ6bVNqejFMQW5ENUMxOGktb05VTzdVdHNaaW1RY1poVVRIdS1mTkZQWDNSYnlpMA?oc=5) · Legacy obituary
- 2020-03-24 [Kenneth H. "Kenny" Bern Obituary Mar 24, 2020 - Boothby Funeral Home](https://news.google.com/rss/articles/CBMibEFVX3lxTE11UFdqN2x5TXFrMUZDQ2NGT2xfY1ZOS0M4OUo0VG1LdFZBNHkyWk5VM292TEFWaGxRWWRGNnJzZVdwbE5rOGNBX2hFYmJPSzVEQ3JPWXRSTDZOdkFTelZscFg1U2loUmxMRVVzVg?oc=5) · Boothby Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=951 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/55.json (key "951", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide