Bank of Cherokee County

Main And Broadway
Hulbert, OK 74441

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 2327
Date Established 1908
Assets $0.12 billion
Loans $0.09 billion
Deposits $0.11 billion
Capital $0.01 billion

Bank of Cherokee County is an FDIC insured institution located in Hulbert, OK. It was founded in 1908 and has approximately $0.12 billion in assets. Customers can open an account at one of its 3 branches.

For a more detailed analysis of Bank of Cherokee County's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 17, 2019

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.65% $100,000 - Learn MoreShow Less
6 Mo CD
0.85% $1,000 - Learn MoreShow Less
12 Mo CD
1.26% $1,000 - Learn MoreShow Less
18 Mo CD
1.71% $1,000 - Learn MoreShow Less
24 Mo CD
1.81% $1,000 - Learn MoreShow Less
30 Mo CD
2.02% $1,000 - Learn MoreShow Less
36 Mo CD
2.17% $1,000 - Learn MoreShow Less
48 Mo CD
2.53% $1,000 - Learn MoreShow Less
60 Mo CD
2.84% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.61% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - October 17, 2019

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Bank of Cherokee County

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

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Payment
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Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
Infinity Mortgage Group
NMLS ID: 35972
License#: NMLS 35972
3.554% 3.500% 0.25 $1,714 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.515% 3.500% 0.25 $478 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
3.662% 3.625% 0.50 $1,148 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to Bank of Cherokee County
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Branches

Bank of Cherokee County branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Bank of Cherokee County Locations


Financial Details

Bank of Cherokee County Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Cherokee County. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Cherokee County U.S. Bank Average
5.46% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, Bank of Cherokee County had $579,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,726,000 in equity and $877,000 in loans loss reserves. That gives it a Texas Ratio of 5.46%.

Return on Equity
Bank of Cherokee County U.S. Bank Average
6.35% 9.50%

Bank of Cherokee County has a Return on Equity of 6.35% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Cherokee County U.S. Bank Average
8.34% 12.76%

Bank of Cherokee County has a Capitalization of 8.34% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Cherokee County Balance Sheet Analysis

As of June 30, 2019, Bank of Cherokee County had assets of $116,609,000, loans of $86,517,000, and deposits of $106,602,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.09 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.11 billion
LIABILITIES
Total deposits $0.11 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.11 billion
      % insured (estimated) 70.46%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.11 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Bank of Cherokee County’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Oklahoma, Bank of Cherokee County has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.52
Multifamily
Mortgages
3.63
Credit Card Loans 0.00
Consumer Auto Loans 5.96
Small Business Loans 16.11
Construction and Development Loans 9.92
Commercial Real Estate 27.13
Commercial and Industrial Loans 5.31
Farm Loans 2.57

Frequently Asked Questions About Bank Of Cherokee County

Branches and Savings

Is Bank Of Cherokee County FDIC insured?

Yes. It is covered under FDIC Certificate #2327.

Why does Bank Of Cherokee County pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Cherokee County CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Cherokee County a commercial bank?

Yes

Where are Bank Of Cherokee County locations?

See branch locations nearby.

Is Bank Of Cherokee County open on Saturdays?

Is Bank Of Cherokee County open on Sundays?

What time does Bank Of Cherokee County open?

What time does Bank Of Cherokee County close?

Are Bank Of Cherokee County ATMs Open 24/7?

Do Bank Of Cherokee County ATMs accept cash deposits?

Can Bank Of Cherokee County customers use other ATMs?

Do Bank Of Cherokee County branches have notaries?

Will Bank Of Cherokee County notarize my document?

What address for Bank Of Cherokee County should I put for incoming ACH transfers?

Will the Bank Of Cherokee County branch print checks?

Do Bank Of Cherokee County checks expire?

Does Bank Of Cherokee County require US citizenship to open account?

Can Bank Of Cherokee County close my account?

Does Bank Of Cherokee County Report to credit bureaus?

Does Bank Of Cherokee County Use Equifax?

What is Bank Of Cherokee County's ACH Routing Number?

What is Bank Of Cherokee County's SWIFT code?

Products

Does Bank Of Cherokee County offer mortgages?

Compare mortgage rates here.

Does Bank Of Cherokee County offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Cherokee County offer personal loans?

Compare personal loan rates here.

Does Bank Of Cherokee County offer student loans?

Will Bank Of Cherokee County cash a check?

Will Bank Of Cherokee County redeem a savings bond?

Does Bank Of Cherokee County cash savings bonds?

Will Bank Of Cherokee County cash money orders?

Can Bank Of Cherokee County issue a money order?

Does Bank Of Cherokee County do currency exchange?

Background on The Bank

Who owns Bank Of Cherokee County?

How long has Bank Of Cherokee County been around?

Can Bank Of Cherokee County transfer to other banks?

Does Bank Of Cherokee County have quick pay?

Does Bank Of Cherokee County accept rolled coins?

Will Bank Of Cherokee County accept loose change?

Where is Bank Of Cherokee County headquarters?

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