State Bank of Cherry: how it compares with its peers
Against 123 IL banks with half to twice its assets, State Bank of Cherry's strongest measure in Q2 2026 is assets per employee ($9.2M vs. a $6.3M peer median). Its weakest relative measure is net interest margin (3.44% vs. 3.78%).
| Measure | State Bank of Cherry | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.89% | 1.12% | Middle third Ahead of 35% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.44% | 3.78% | Bottom third Ahead of 33% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 66.49% | 65.77% | Middle third Ahead of 47% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.2M | $6.3M | Top third Ahead of 89% of peers |
| Loans to deposits Net loans and leases over total deposits. | 87.11% | 70.48% | Context |
What it means for lending operations
Its efficiency ratio of 66.49% is above the 65.77% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Streator Home Savings Bank Streator, IL · $137M
- First National Bank in Pinckneyville Pinckneyville, IL · $138M
- Southern Illinois Bank Johnston City, IL · $136M
- The Litchfield National Bank Litchfield, IL · $136M
- Federated Bank Onarga, IL · $140M
Questions about State Bank of Cherry
How big is State Bank of Cherry?
State Bank of Cherry, established in 1906, is headquartered in Cherry, IL. It reported $138M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is State Bank of Cherry's return on assets?
0.89% annualized in Q2 2026, against a 1.12% median for 123 IL banks with half to twice its assets, ahead of 35% of them.
What is State Bank of Cherry's efficiency ratio?
66.49% in Q2 2026: it spent about 66 cents in noninterest expense for each dollar of revenue. The peer median is 65.77%, and lower is better.
Is State Bank of Cherry growing its loans?
Net loans shrank 7.5% over the year to Q2 2026, while deposits shrank 2.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are IL banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Illinois bank ranked.