Chelsea State Bank

Overview / Commentary
1010 South Main Street
Chelsea, MI 48118

Chelsea State Bank is headquartered in CHELSEA and is the 38th largest bank in the state of Michigan. It is also the 1,946th largest bank in the nation. It was established in 1897 and as of March of 2023, it had grown to 55 employees at 3 locations. Chelsea State Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #14009
Year Established1897
Primary RegulatorFED
Profit Margin
Return on Assets - YTD2.03%
Return on Equity - YTD24.64%
Annual Interest Income$4.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$431.2MM$451.1MM
LoansQ1 2023vs Q1 2022$220.3MM$211.1MM
DepositsQ1 2023vs Q1 2022$391.6MM$408.4MM
Equity CapitalQ1 2023vs Q1 2022$36.9MM$37.8MM
Loan Loss AllowanceQ1 2023vs Q1 2022$3.9MM$4.1MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$8.00K$110.00K
Real Estate OwnedQ1 2023vs Q1 2022$600.00K$600.00K

Rates for Chelsea State Bank are currently being reviewed.


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

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