BankCherokee

607 South Smith Avenue
Saint Paul, MN 55107

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8537
Date Established 1908
Assets $0.27 billion
Loans $0.15 billion
Deposits $0.25 billion
Capital $0.02 billion

BankCherokee is an FDIC insured institution located in Saint Paul, MN. It was founded in 1908 and has approximately $0.27 billion in assets. Customers can open an account at one of its 4 branches.

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

Bank Loan Profile?

The top three loan types in BankCherokee’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Minnesota, BankCherokee has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate, Commercial and Industrial Loans 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 22.27
Multifamily
Mortgages
6.74
Credit Card Loans 0.00
Consumer Auto Loans 0.56
Small Business Loans 22.64
Construction and Development Loans 0.00
Commercial Real Estate 41.41
Commercial and Industrial Loans 27.79
Farm Loans 0.00

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BankCherokee

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.544% 4.500% 0.00 $1,305 $1,267 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
4.553% 4.500% 0.13 $1,550 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.320% 4.250% 0.38 $2,190 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.459% 4.375% 0.00 $2,500 $1,249 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

Note to BankCherokee
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Branches

BankCherokee 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:
Ashburn,Virginia


BankCherokee Locations

Financial Details

BankCherokee Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankCherokee. 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
BankCherokee U.S. Bank Average
9.65% 8.32%

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 September 30, 2017, BankCherokee had $1,369,000 in non-current loans and $806,000 in owned real estate. To cover these potential losses it had $20,546,000 in equity and $2,003,000 in loans loss reserves. That gives it a Texas Ratio of 9.65%.

Return on Equity
BankCherokee U.S. Bank Average
5.31% 8.84%

BankCherokee has a Return on Equity of 5.31% versus the BestCashCow average of 8.84%. 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
BankCherokee U.S. Bank Average
7.66% 12.21%

BankCherokee has a Capitalization of 7.66% versus the BestCashCow average of 12.21. 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.

BankCherokee Balance Sheet Analysis

As of December 31, 2017, BankCherokee had assets of $268,309,000, loans of $154,451,000, and deposits of $246,823,000. 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

ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.15 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 $0.01 billion
     Total Assets $0.25 billion
LIABILITIES
Total deposits $0.25 billion
      Interest-bearing deposits $0.18 billion
      Deposits held in domestic offices $0.25 billion
      % insured (estimated) 87.82%
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 $0.25 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Bankcherokee

Branches and Savings

Is Bankcherokee FDIC insured?

Yes. It is covered under FDIC Certificate #8537.

Why does Bankcherokee pay such low interest on savings accounts?

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

Why are Bankcherokee CD rates not competitive?

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

Is Bankcherokee a commercial bank?

Yes

Where are Bankcherokee locations?

See branch locations nearby.

Is Bankcherokee open on Saturdays?

Is Bankcherokee open on Sundays?

What time does Bankcherokee open?

What time does Bankcherokee close?

Are Bankcherokee ATMs Open 24/7?

Do Bankcherokee ATMs accept cash deposits?

Can Bankcherokee customers use other ATMs?

Do Bankcherokee branches have notaries?

Will Bankcherokee notarize my document?

What address for Bankcherokee should I put for incoming ACH transfers?

Will the Bankcherokee branch print checks?

Do Bankcherokee checks expire?

Does Bankcherokee require US citizenship to open account?

Can Bankcherokee close my account?

Does Bankcherokee Report to credit bureaus?

Does Bankcherokee Use Equifax?

What is Bankcherokee's ACH Routing Number?

What is Bankcherokee's SWIFT code?

Products

Does Bankcherokee offer mortgages?

Compare mortgage rates here.

Does Bankcherokee offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankcherokee offer personal loans?

Compare personal loan rates here.

Does Bankcherokee offer student loans?

Will Bankcherokee cash a check?

Will Bankcherokee redeem a savings bond?

Does Bankcherokee cash savings bonds?

Will Bankcherokee cash money orders?

Can Bankcherokee issue a money order?

Does Bankcherokee do currency exchange?

Background on The Bank

Who owns Bankcherokee?

How long has Bankcherokee been around?

Can Bankcherokee transfer to other banks?

Does Bankcherokee have quick pay?

Does Bankcherokee accept rolled coins?

Will Bankcherokee accept loose change?

Where is Bankcherokee headquarters?

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