Chelsea State Bank

Chelsea State Bank is headquartered in Chelsea and is the 51^st largest bank in the state of Michigan. It is also the 2,590^th largest bank in the nation. It was established in 1897 and as of March of 2012, it had grown to 52 employees at 3 locations. Chelsea State Bank has a 4-star health rating.

Chelsea State Bank Routing Number: 072403635

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Data for Q1 2012

Institution Statistics Chelsea State Bank FDIC Certificate # 14009 BankRate Report View Year Established 1897 Employees 52 Primary Regulator FED Assets and Liabilities Assets $247.71 million Loans $136.49 million Deposits $218.62 million Equity Capital $26.18 million Loan Loss Allowance $3.82 million Unbacked Noncurrent Loans $4.92 million Real Estate Owned $1.94 million Historic Data - March 2011 Assets $241.53 million Equity Capital $23.48 million Loan Loss Allowance $4.26 million Unbacked Noncurrent Loans $7.31 million Real Estate Owned $1.44 million Profit Margin - Quarterly Net Interest Margin 4.05% Return on Assets 0.95% Return on Equity 8.76% Interest Income $2.50 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 State Bank had $6.86 million in non-current loans and owned real-estate with $30 million in equity and loan loss allowances on hand to cover it. This gives Chelsea State Bank a Texas Ratio of 22.86% 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 State Bank decreased slightly from 31.53% as of March 31, 2011 to 22.86% as of March 31, 2012, resulting in a positive change of 27.49%.This indicates that the balance sheet and financial strength for Chelsea State Bank has improved slightly in recent periods. Deposit Growth In the past year, Chelsea State Bank has increased its total deposits by $4.38 million, resulting in 2.04% 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 State Bank has shown is above average. 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 State Bank has $247.71 million in assets with $30 million in equity, resulting in a capitalization level of 12.11%, which is excellent.

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