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Chelsea State Bank


Overview / Commentary
www.chelseastate.bank
734-475-1355
1010 South Main Street
Chelsea, MI 48118

Chelsea State Bank is headquartered in Chelsea and is the 42nd largest bank in the state of Michigan. It is also the 2,020th largest bank in the nation. It was established in 1897 and as of September of 2020, it had grown to 52 employees at 3 locations. Chelsea State Bank has an A health rating.

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Health
A

Data as of Q3 2020

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Health Grade Components

Overall
FDIC Certificate #14009
Year Established1897
Employees52
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD11.61%
Annual Interest Income$9.0MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$373.7MM$292.2MM
LoansQ3 2020vs Q3 2019$217.9MM$171.5MM
DepositsQ3 2020vs Q3 2019$329.7MM$252.3MM
Equity CapitalQ3 2020vs Q3 2019$42.1MM$38.2MM
Loan Loss AllowanceQ3 2020vs Q3 2019$3.8MM$3.6MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.8MM$182.00K
Real Estate OwnedQ3 2020vs Q3 2019$723.00K$599.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chelsea State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$25kFree Kasasa Saver
OTHER TIERS: 0.25% → $25k+
0.15%*$100k*-Combined Statement Savings
OTHER TIERS: 0.05% → $1 - $100k
0.05%$1-Regular Statement Savings

Chelsea State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Combined Money Market Savings
OTHER TIERS: 0.05% → $1 - $25k | 0.10% → $25k - $50k
0.10%*$2.5k*-Money Market Savings
OTHER TIERS: 0.05% → $1 - $2.5k

Chelsea State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%*-$10kFree Kasasa Cash Checking
OTHER TIERS: 0.25% → $10k+
0.05%$1-Regular Interest Checking

Chelsea State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-55 Month CD
0.40%$500-36 Month CD
0.40%$500-48 Month CD
0.40%$500-60 Month CD
0.35%$500-17 Month CD
0.30%$500-24 Month CD
0.30%$500-30 Month CD
0.15%$500-12 Month CD
0.15%$500-18 Month CD
0.10%$5k-182 Days CD

Chelsea State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-55 Month IRA
0.40%$500-36 Month IRA
0.40%$500-48 Month IRA
0.40%$500-60 Month IRA
0.35%$500-17 Month IRA
0.30%$500-24 Month IRA
0.30%$500-30 Month IRA
0.15%$500-12 Month IRA
0.15%$500-18 Month IRA
0.10%$5k-182 Days IRA
Locations


Chelsea State Bank Locations
Chelsea State Bank1010 South Main StreetChelsea, MI 48118
Downtown Branch305 South MainChelsea, MI 48118
Dexter Branch7101 Dexter-Ann Arbor RoadDexter, MI 48130

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