State Bank of Cherry
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Data as of · sourced from FFIEC call reports. How we update
State Bank of Cherry is an FDIC-insured commercial bank headquartered in Cherry, IL, established in 1906 (FDIC certificate 11686), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $137.6M, up 0.9% from Q2 2025, the 234th largest of 319 banks headquartered in Illinois. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.63% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 11686
- Headquarters
- Cherry, IL
- Established
- 1906
- Total assets, Q2 2026
- $137.6M
- Assets vs Q2 2025
- +0.9%
- Tier 1 leverage ratio, Q2 2026
- 11.63%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 071112176
- Latest call report
- Q2 2026, FFIEC 051 · State Bank of Cherry call report
- Holding company
- CHERRY BANCORPORATION, INC.
- Asset rank in state
- 234th of 319 in Illinois
State Bank of Cherry, based in Cherry, Illinois, reported $138 million in assets at June 30, 2026. It shrank its loan book 8.0% over the year, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 5.5%). It also returns 6.8% a year on shareholders' equity, about half the median of 12.5% for banks its size.
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.50% of loans from 2.74%. Earnings fell sharply: quarterly net income of $262,000 was 54% below a year earlier. Its margin is thin by comparison: it keeps 3.39 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, State Bank of Cherry reported a return on assets of 0.76%, a nonperforming-loan ratio of 0.50% and a Texas ratio of 3.13%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, State Bank of Cherry is the 234th largest of the 319 banks headquartered in Illinois. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.5% to $137.6M, loans fell 2.0% and deposits fell 4.7%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 37.2% of total loans, followed by agricultural production loans at 18.7%. The FDIC Summary of Deposits lists a single office for it, in Cherry, IL. By the capital ratios in its Q2 2026 call report, State Bank of Cherry meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 110 S Main St, Cherry, IL 61317
- County
- Bureau
- Metro Area
- Ottawa, IL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 6, 1906
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 15
- Domestic deposits
- $105.5M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- $525K
- Average total assets
- $138.7M
- Average total loans
- $93.0M
- Average interest-bearing deposits
- $93.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 11686
- Fed RSSD
- 258539
- Website
- www.statebankofcherry.com →
- Parent Holding Company
- CHERRY BANCORPORATION, INC. (RSSD 1246403)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, State Bank of Cherry reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
State Bank of Cherry's total assets moved between a low of $119.0M (Q3 2023) and a high of $139.7M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$137.6M total assets against $136.4M; $122.2M total liabilities against $121.2M.
$91.9M net loans and leases against $99.3M; $105.5M total deposits against $107.7M.
$37.6M securities against $28.5M; $4.8M cash and balances due against $4.7M.
$1.8M total interest income against $1.8M; $605K total interest expense against $559K.
$1.1M net interest income against $1.2M.
$73K total noninterest income against $62K; $847K total noninterest expense against $674K.
$75K provision for credit losses against $25K.
$262K net income against $570K.
0.76% return on assets against 1.70%; 3.39% net interest margin against 3.72%.
11.63% tier 1 leverage ratio against 11.96%.
Inside the full State Bank of Cherry terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeState Bank of Cherry rankings
Its closest position to the top of a national ranking is 1,828 of 3,640, for Texas Ratio; its furthest is 2,968 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.76% (Q2 2026) to 1.82% (Q4 2024) and its net interest margin ran from 3.38% (Q1 2026) to 3.81% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.63% | 0.76% | 0.50% | 3.13% | 3.39% |
| Q1 2026 | 11.55% | 1.02% | 1.07% | 11.94% | 3.38% |
| Q4 2025 | 11.93% | 1.01% | 1.04% | 15.56% | 3.49% |
| Q3 2025 | 11.87% | 1.43% | 1.49% | 8.28% | 3.73% |
| Q2 2025 | 11.96% | 1.70% | 2.74% | 16.14% | 3.72% |
| Q1 2025 | 12.14% | 1.66% | 2.81% | 16.86% | 3.78% |
| Q4 2024 | 12.24% | 1.82% | 3.06% | 19.28% | 3.69% |
| Q3 2024 | 12.21% | 1.77% | 1.18% | 6.87% | 3.81% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 |
|---|---|---|---|
| State Bank of Cherry (main office) | Cherry , IL | 61317 | $105.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 291 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 State Bank of Cherry
What are State Bank of Cherry's total assets?
As of the Q2 2026 filing, State Bank of Cherry reported total assets of $137.6 million in its FFIEC call report.
Where is State Bank of Cherry headquartered?
It is headquartered in Cherry, IL, United States.
When was State Bank of Cherry founded?
It was established in 1906, per the FDIC institution directory.
Is State Bank of Cherry FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #11686). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Bank of Cherry?
State Bank of Cherry's primary federal regulator is the FDIC.
How many branches does State Bank of Cherry operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is State Bank of Cherry's Texas Ratio?
Its Texas Ratio is 3.13% 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.
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