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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 $3.2MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $88.0M17%Noninterest $17.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.78%, down 56 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.50% of loans (-224 bps YoY), with net charge-offs at 1.13%.
  • 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.

Return on Assets (YTD, annualized)

0.78%-56 bps YoY

Net Interest Margin (YTD, annualized)

3.29%-27 bps YoY

Efficiency Ratio (YTD, annualized)

66.49%+1,240 bps YoY

Tier 1 Leverage Ratio

11.63%-33 bps YoY

NIM

5.01%Q2 ’245.18%Q2 ’255.03%Q2 ’26+2%-8%

Non-interest income vs. expense

1.95%Q2 ’242.08%Q2 ’252.36%Q2 ’26+5%+17%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.34%1.36%1.32%1.34%1.27%1.16%0.88%0.78%-56 bps
Return on Equity11.73%12.01%11.76%11.93%11.30%10.22%7.77%6.89%-505 bps
Net Interest Margin3.54%3.52%3.65%3.56%3.51%3.48%3.27%3.29%-27 bps
Efficiency Ratio53.26%52.48%55.33%54.09%55.77%57.37%63.55%66.49%+1,240 bps
Non-Interest Burden1.78%1.75%1.84%1.80%1.85%1.90%1.97%2.10%+31 bps
Growth
Asset Growth (YoY)4.18%1.06%5.76%12.12%11.25%7.12%8.21%0.87%-1,126 bps
Loan Growth (YoY)7.95%-1.55%1.13%2.94%2.07%-1.60%-4.91%-8.00%-1,093 bps
Deposit Growth (YoY)-2.78%-2.93%0.33%3.10%5.53%4.98%5.49%-2.05%-515 bps
Asset Quality
Nonperforming Loans / Loans1.18%3.06%2.81%2.74%1.49%1.04%1.07%0.50%-224 bps
Net Charge-Offs / Loans0.25%0.20%0.00%0.00%0.00%0.35%0.28%1.13%+113 bps
Allowance / Loans1.97%1.86%1.90%1.90%1.99%1.65%1.73%1.35%-55 bps
Allowance Coverage of NPLs1.7x0.6x0.7x0.7x1.3x1.6x1.6x2.7x+2.0x
Capital
Tier 1 Leverage Ratio12.21%12.24%12.14%11.96%11.87%11.93%11.55%11.63%-33 bps
Total Risk-Based Capital12.21%12.24%12.14%11.96%11.87%11.93%11.55%11.63%-33 bps
Equity / Assets11.88%11.04%11.41%11.17%11.50%11.70%11.08%11.19%+2 bps
Liquidity & Funding
Loans / Deposits94.96%99.13%95.27%94.02%91.85%92.91%85.88%88.30%-571 bps
Liquid Assets / Assets3.79%3.15%2.63%1.75%1.63%2.53%6.04%2.14%+39 bps
CRE / Total Capitaln/an/an/an/a80.10%67.71%78.50%n/an/a