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State Bank of Cherry

Cherry, IL · Cert 11686 · Cherry Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$137.6MAssets
$93.1MLoans
$105.5MDeposits
$15.4MEquity
Loan mix
83%RE $62.3M13%C&I $9.7M4%Consumer $3.2MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $88.0M17%Noninterest $17.5MQ2 2025Q2 2026

NIM

4.93%Q2 ’245.28%Q2 ’255.05%Q2 ’26+6%-9%

Non-interest income vs. expense

1.96%Q2 ’242.01%Q2 ’252.44%Q2 ’26+8%+22%

Executive Summary

  • Earnings: ROA of 0.67%, down 69 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.50% of loans (-224 bps YoY), with net charge-offs at 1.97%.
  • Capital: tier 1 leverage ratio of 11.63%, down 33 bps from a year ago.
  • Funding: loans stand at 88.30% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.67%-69 bps YoY

Net Interest Margin (quarter, annualized)

3.30%-31 bps YoY

Efficiency Ratio (quarter, annualized)

69.48%+1,666 bps YoY

Tier 1 Leverage Ratio

11.63%-33 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.37%1.15%0.81%0.88%0.67%-69 bps
Return on Equity12.11%10.11%6.99%7.77%6.04%-607 bps
Net Interest Margin3.62%3.62%3.36%3.27%3.30%-31 bps
Efficiency Ratio52.82%59.08%62.40%63.55%69.48%+1,666 bps
Non-Interest Burden1.82%2.06%2.01%1.97%2.23%+41 bps
Growth
Asset Growth (YoY)12.12%11.25%7.12%8.21%0.87%-1,126 bps
Loan Growth (YoY)2.94%2.07%-1.60%-4.91%-8.00%-1,093 bps
Deposit Growth (YoY)3.10%5.53%4.98%5.49%-2.05%-515 bps
Asset Quality
Nonperforming Loans / Loans2.74%1.49%1.04%1.07%0.50%-224 bps
Net Charge-Offs / Loans0.00%0.00%1.41%0.28%1.97%+197 bps
Allowance / Loans1.90%1.99%1.65%1.73%1.35%-55 bps
Allowance Coverage of NPLs0.7x1.3x1.6x1.6x2.7x+2.0x
Capital
Tier 1 Leverage Ratio11.96%11.87%11.93%11.55%11.63%-33 bps
Total Risk-Based Capital11.96%11.87%11.93%11.55%11.63%-33 bps
Equity / Assets11.17%11.50%11.70%11.08%11.19%+2 bps
Liquidity & Funding
Loans / Deposits94.02%91.85%92.91%85.88%88.30%-571 bps
Liquid Assets / Assets1.75%1.63%2.53%6.04%2.14%+39 bps
CRE / Total Capitaln/a80.10%67.71%78.50%n/an/a