Overview / Commentary
Chelsea State Bank is headquartered in Chelsea and is the 43rd largest bank in the state of Michigan. It is also the 2,214th largest bank in the nation. It was established in 1897 and as of June of 2019, it had grown to 50 employees at 3 locations. Chelsea State Bank has an A health rating.
Health
A
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 14009 |
| Year Established | 1897 |
| Employees | 50 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.64% |
| Return on Equity - YTD | 14.08% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $297.9MM$293.6MM |
| Loans | Q2 2019vs Q2 2018 | $170.9MM$169.6MM |
| Deposits | Q2 2019vs Q2 2018 | $259.3MM$259.2MM |
| Equity Capital | Q2 2019vs Q2 2018 | $37.0MM$32.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $3.3MM$3.7MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $620.00K$470.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $599.00K$599.00K |
Rates
Rates for Chelsea State Bank are currently being reviewed.
Locations
| Chelsea State Bank Locations | ||
|---|---|---|
| Chelsea State Bank | 1010 South Main Street | Chelsea, MI 48118 |
| Downtown Branch | 305 South Main | Chelsea, MI 48118 |
| Dexter Branch | 7101 Dexter-Ann Arbor Road | Dexter, MI 48130 |