Chelsea State Bank

Overview / Commentary
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 2,030th largest bank in the nation. It was established in 1897 and as of September of 2023, it had grown to 56 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 - YTD2.09%
Return on Equity - YTD24.56%
Annual Interest Income$14.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$403.4MM$436.6MM
LoansQ3 2023vs Q3 2022$231.5MM$213.6MM
DepositsQ3 2023vs Q3 2022$366MM$397.1MM
Equity CapitalQ3 2023vs Q3 2022$35.3MM$32.5MM
Loan Loss AllowanceQ3 2023vs Q3 2022$4.1MM$4MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$179K$22K
Real Estate OwnedQ3 2023vs Q3 2022$600K$600K

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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