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 41^st largest bank in the state of Michigan. It is also the 2,184^th largest bank in the nation. It was established in 1897 and as of December of 2018, it had grown to 51 employees at 3 locations. Chelsea State Bank has an A+ health rating.

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Health

A+

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #	14009
Year Established	1897
Employees	51
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.78%
Return on Equity - YTD	15.99%
Annual Interest Income	$11.2MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$299.9MM$284.0MM
Loans	Q4 2018vs Q4 2017	$173.4MM$166.3MM
Deposits	Q4 2018vs Q4 2017	$264.3MM$250.2MM
Equity Capital	Q4 2018vs Q4 2017	$33.8MM$32.2MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$3.2MM$3.6MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$690.00K$426.00K
Real Estate Owned	Q4 2018vs Q4 2017	$599.00K$599.00K

Rates

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Money Market
Checking
CD
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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

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$100k^*	-	Combined Statement Savings
OTHER TIERS: 0.15% → $1 - $100k
0.10%	$1	-	Regular Statement Savings

Chelsea State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$100k^*	-	Premier Money Market Savings
OTHER TIERS: 0.15% → $1 - $50k \| 0.20% → $50k - $100k
0.25%^*	$50k^*	-	Combined Money Market Savings
OTHER TIERS: 0.15% → $1 - $25k \| 0.20% → $25k - $50k
0.15%^*	$2.5k^*	-	Money Market Savings
OTHER TIERS: 0.10% → $1 - $2.5k

Chelsea State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$100k^*	-	Premier Interest Checking
OTHER TIERS: 0.10% → $1 - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $100k
0.10%	$1	-	Regular Interest Checking

Chelsea State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.01%	$500	-	55 Month CD
1.76%	$500	-	60 Month CD
1.46%	$500	-	48 Month CD
1.25%	$500	-	36 Month CD
1.20%	$500	-	30 Month CD
1.15%	$500	-	24 Month CD
1.00%	$500	-	18 Month CD
1.00%	$500	-	15 Month CD
0.50%	$5k	-	7 Month CD
0.30%	$500	-	12 Month CD
0.25%	$5k	-	182 Days CD

Chelsea State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.01%	$500	-	55 Month IRA
1.76%	$500	-	60 Month IRA
1.46%	$500	-	48 Month IRA
1.25%	$500	-	36 Month IRA
1.20%	$500	-	30 Month IRA
1.15%	$500	-	24 Month IRA
1.00%	$500	-	18 Month IRA
1.00%	$500	-	15 Month IRA
0.50%	$5k	-	7 Month IRA
0.30%	$500	-	12 Month IRA
0.25%	$5k	-	182 Days IRA

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

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