It looks ok to me. I think it will be fine, or else it won't. I have half a dozen various cherries and some of them have some "wounds" yet they are all thriving.
Most are at least six years from planting time in my yard.
One is 11.

Nothing has died from insects or disease but I have lost young trees from planting incorrectly.

It's dead. It was attacked by some sort of borer, the second home here in GA where we have had a cherry tree wiped out by a borer. I wont plant another cherry tree here. I did everything I could to protect this tree including systemic insecticide, and nothing slowed these #$@# down. So yeah in less than 30 days the completely wiped out a beautiful thriving tree that was 3 years old.

rahlquist, what a shame. If you learn more about what to look for, as early signs, and find it can be treated, please let us know.

I'm so sorry, always a shame when that happens.