Institution Statistics
| Chelsea Savings Bank | | FDIC Certificate # | 15427 | | BankRate Report | View | | Year Established | 1936 | | Employees | 25 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $113.55 million | | Loans | $41.98 million | | Deposits | $92.46 million | | Equity Capital | $18.38 million | | Loan Loss Allowance | $322,000 | | Unbacked Noncurrent Loans | $2.34 million | | Real Estate Owned | $664,000 |
Historic Data - March 2011 | | Assets | $98.16 million | | Equity Capital | $15.02 million | | Loan Loss Allowance | $386,000 | | Unbacked Noncurrent Loans | $2.57 million | | Real Estate Owned | $918,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.07% | | Return on Assets | 1.54% | | Return on Equity | 9.62% | | Interest Income | $1.06 million |
|
|
Institution Health
Overall Score:
4 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Chelsea Savings Bank had $3.01 million in non-current loans and owned real-estate with $18.7 million in equity and loan loss allowances on hand to cover it. This gives Chelsea Savings Bank a Texas Ratio of 16.08% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Chelsea Savings Bank decreased slightly from 23.22% as of March 31, 2011 to 16.08% as of March 31, 2012, resulting in a positive change of 30.74%.This indicates that the balance sheet and financial strength for Chelsea Savings Bank has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, Chelsea Savings Bank has increased its total deposits by $11.98 million, resulting in 14.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Chelsea Savings Bank has shown is excellent. | | Capitalization | | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Chelsea Savings Bank has $113.55 million in assets with $18.7 million in equity, resulting in a capitalization level of 16.47%, which is excellent. |
|
