Chelsea State Bank


Overview / Commentary
734-475-1355
1010 South Main Street
Chelsea, MI 48118

Chelsea State Bank is headquartered in CHELSEA and is the 41st largest bank in the state of Michigan. It is also the 2,023rd largest bank in the nation. It was established in 1897 and as of March of 2024, it had grown to 55 employees at 3 locations. Chelsea State Bank's CD rates are 5X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #14009
Year Established1897
Employees55
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD13.67%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$416.4MM$431.2MM
LoansQ1 2024vs Q1 2023$246.3MM$220.3MM
DepositsQ1 2024vs Q1 2023$373.4MM$391.6MM
Equity CapitalQ1 2024vs Q1 2023$39.8MM$36.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$4.2MM$3.9MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$179K$8K
Real Estate OwnedQ1 2024vs Q1 2023$600K$600K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Chelsea State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.80%*$100k*-Combined Statement Savings
OTHER TIERS: 0.75% $1 - $100k
0.75%$1-Combined Business Statement Savings
0.70%$1-Regular Statement Savings
0.70%$1-Business Statement Savings

Chelsea State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%*$150k*-Combined Money Market Savings
OTHER TIERS: 1.26% $1 - $25k | 1.51% $25k - $50k | 1.76% $50k+
2.27%*$150k*-Combined Business Money Market Account
OTHER TIERS: 1.26% $1 - $25k | 1.51% $25k - $50k | 1.76% $50k - $150k
0.75%*$2.5k*-Money Market Savings
OTHER TIERS: 0.50% $1 - $2.5k
0.75%*$2.5k*-Business Money Market
OTHER TIERS: 0.50% $1 - $2.5k

Chelsea State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1-CSB Interest Checking
0.25%$1-Business Interest Checking

Chelsea State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.09%$500-9 Month CD
4.32%$500-12 Month CD
2.47%$500-18 Month CD
2.27%$500-36 Month CD
2.11%$500-60 Month CD

Chelsea State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.09%$500-9 Month IRA
4.32%$500-12 Month IRA
2.47%$500-18 Month IRA
2.27%$500-36 Month IRA
2.11%$500-60 Month IRA
Locations


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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