Chelsea State Bank is headquartered in Chelsea and is the 39th largest bank in the state of Michigan. It is also the 1,944th largest bank in the nation. It was established in 1897 and as of June of 2022, it had grown to 53 employees at 3 locations. Chelsea State Bank's money market rates are 70% higher than the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 14009 |
Year Established | 1897 |
Employees | 53 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.35% |
Return on Equity - YTD | 15.44% |
Annual Interest Income | $6.6MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $429.3MM$410.8MM |
Loans | Q2 2022vs Q2 2021 | $214.9MM$209.5MM |
Deposits | Q2 2022vs Q2 2021 | $392.7MM$366.1MM |
Equity Capital | Q2 2022vs Q2 2021 | $34.7MM$42.7MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $4.0MM$4.1MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $24.00K$38.00K |
Real Estate Owned | Q2 2022vs Q2 2021 | $600.00K$600.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.61%* | - | $25k | Free Kasasa Saver | ||
OTHER TIERS: 0.85% → $25k+ | |||||
0.80%* | $100k* | - | Combined Statement Savings | ||
OTHER TIERS: 0.75% → $1 - $100k | |||||
0.70% | $1 | - | Regular Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.76%* | $50k* | - | Combined Money Market Savings | ||
OTHER TIERS: 1.26% → $1 - $25k | 1.51% → $25k - $50k | |||||
0.75%* | $2.5k* | - | Money Market Savings | ||
OTHER TIERS: 0.50% → $1 - $2.5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.53%* | - | $10k | Free Kasasa Cash Checking | ||
OTHER TIERS: 0.35% → $10k+ | |||||
0.25% | $1 | - | CSB Interest Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.02% | $500 | - | 20 Month CD | |
2.82% | $500 | - | 18 Month CD | |
2.82% | $500 | - | 24 Month CD | |
2.51% | $500 | - | 13 Month CD | |
2.00% | $500 | - | 60 Month CD | |
1.90% | $500 | - | 36 Month CD | |
1.00% | $500 | - | 12 Month CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.02% | $500 | - | 20 Month IRA | |
2.82% | $500 | - | 18 Month IRA | |
2.82% | $500 | - | 24 Month IRA | |
2.51% | $500 | - | 13 Month IRA | |
2.00% | $500 | - | 60 Month IRA | |
1.90% | $500 | - | 36 Month IRA | |
1.00% | $500 | - | 12 Month IRA |
Chelsea State Bank Locations | ||
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Chelsea State Bank | 1010 S Main St | Chelsea, MI 48118 |
Downtown Branch | 305 South Main | Chelsea, MI 48118 |
Dexter Branch | 7101 Dexter-Ann Arbor Road | Dexter, MI 48130 |