Bankcherokee
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Data as of · sourced from FFIEC call reports. How we update
Bankcherokee is an FDIC-insured commercial bank headquartered in Saint Paul, MN, established in 1908 (FDIC certificate 8537), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $401.9M, up 1.8% from Q2 2025, the 66th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 15.52% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8537
- Headquarters
- Saint Paul, MN
- Established
- 1908
- Total assets, Q2 2026
- $401.9M
- Assets vs Q2 2025
- +1.8%
- CET1 ratio, Q2 2026
- 15.52%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 096000580
- Latest call report
- Q2 2026, FFIEC 051 · Bankcherokee call report
- Holding company
- CHEROKEE BANCSHARES, INC.
- Asset rank in state
- 66th of 221 in Minnesota
Bankcherokee spends more to run itself than most banks of its size. It reported $402 million in assets at June 30, 2026, up 1.8% from a year earlier. It loses about $0.21 a year on every $100 of assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). On the other hand, it pays an average of 1.15% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
It lost $213,000 in the quarter. Over the same year, loans grew 9.9% and deposits shrank 0.1%.
As of June 30, 2026, Bankcherokee reported a CET1 capital ratio of 15.52%, a return on assets of -0.21%, a nonperforming-loan ratio of 0.17% and a Texas ratio of 0.34%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Bankcherokee is the 66th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 4.4% to $401.9M, loans rose 4.4% and deposits fell 4.9%. The largest part of its loan book on June 30, 2026 was owner-occupied commercial real estate loans, at 23.7% of total loans, ahead of 1-4 family residential loans at 21.3%. The FDIC Summary of Deposits lists 3 offices for it, in Saint Paul, MN, St. Paul, MN and North Oaks, MN; its Saint Paul office books 52% of its branch deposits. Judged on its Q2 2026 call report, Bankcherokee meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 607 Smith Ave S, Saint Paul, MN 55107
- County
- Ramsey
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 15, 1908
- Former names
- Cherokee State Bank (1997-2004)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 56
- Domestic deposits
- $333.5M
- Allowance for credit losses
- $3.7M
- Net charge-offs (YTD)
- $1K
- Average total assets
- $415.4M
- Average total loans
- $274.9M
- Average interest-bearing deposits
- $244.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8537
- Fed RSSD
- 748254
- SEC CIK
- 2130141 → filed by CHEROKEE BANCSHARES, INC.
- Website
- http://www.bankcherokee.com →
- Parent Holding Company
- CHEROKEE BANCSHARES, INC. (RSSD 1128228)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Bankcherokee's total assets moved between a low of $371.4M (Q3 2023) and a high of $420.4M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$401.9M total assets against $394.9M; $359.2M total liabilities against $364.0M.
$288.8M net loans and leases against $262.6M; $333.5M total deposits against $333.6M.
$74.2M securities against $93.4M; $25.3M cash and balances due against $24.1M.
$5.3M total interest income against $4.6M; $1.1M total interest expense against $1.0M.
$4.3M net interest income against $3.6M.
$536K total noninterest income against $531K; $3.2M total noninterest expense against $3.1M.
$0 provision for credit losses against $0.
-$213K net income against $736K.
-0.21% return on assets against 0.73%; 4.23% net interest margin against 3.70%.
15.52% CET1 capital ratio against 13.19%; 11.01% tier 1 leverage ratio against 9.10%.
Inside the full Bankcherokee terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeBankcherokee rankings
Its closest position to the top of a national ranking is 775 of 2,134, for CET1 ratio; its furthest is 3,528 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.21% (Q2 2026) to 0.86% (Q4 2025) and its net interest margin ran from 3.33% (Q1 2025) to 4.23% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.52% | -0.21% | 0.17% | 0.34% | 4.23% |
| Q1 2026 | 13.60% | 0.50% | 0.35% | 1.72% | 3.64% |
| Q4 2025 | 14.14% | 0.86% | 0.37% | 1.88% | 3.75% |
| Q3 2025 | 13.20% | 0.80% | 0.49% | 2.74% | 3.73% |
| Q2 2025 | 13.19% | 0.73% | 0.34% | 1.57% | 3.70% |
| Q1 2025 | 13.36% | 0.30% | 0.38% | 1.79% | 3.33% |
| Q4 2024 | 13.18% | 0.79% | 0.42% | 2.09% | 3.66% |
| Q3 2024 | 13.59% | 0.65% | 0.37% | 1.57% | 3.35% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bankcherokee (main office) | Saint Paul , MN | 55107 | $173.7M |
| Grand Avenue Branch | St. Paul , MN | 55105 | $94.5M |
| North Oaks Branch | North Oaks , MN | 55127 | $65.2M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- December 17, 2008, Federal Reserve: Written Agreement: Cherokee Bancshares, Inc., Saint Paul, Minnesota
- Period: Most recent institution action December 17, 2008. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in MN, rank 91 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 26 applications, 24 loans originated, $8.7M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 8 loans, $3.8M approved, $471K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bankcherokee
What are Bankcherokee's total assets?
As of the Q2 2026 filing, Bankcherokee reported total assets of $401.9 million in its FFIEC call report.
Where is Bankcherokee headquartered?
It is headquartered in Saint Paul, MN, United States.
When was Bankcherokee founded?
It was established in 1908, per the FDIC institution directory.
Is Bankcherokee FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8537). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bankcherokee?
Bankcherokee's primary federal regulator is the FDIC.
What is Bankcherokee's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.52% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Bankcherokee operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bankcherokee's Texas Ratio?
Its Texas Ratio is 0.34% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Bankcherokee previously called?
The charter now named Bankcherokee has also operated as Cherokee State Bank (1997-2004), per FDIC structure-change records.
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