Chelsea State Bank

Overview / Commentary
1010 South Main Street
Chelsea, MI 48118

Chelsea State Bank is headquartered in Chelsea and is the 43rd largest bank in the state of Michigan. It is also the 2,260th largest bank in the nation. It was established in 1897 and as of September of 2019, it had grown to 51 employees at 3 locations. Chelsea State Bank has an A health rating.


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Health Grade Components

FDIC Certificate #14009
Year Established1897
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.68%
Return on Equity - YTD14%
Annual Interest Income$8.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$292.2MM$299.8MM
LoansQ3 2019vs Q3 2018$171.5MM$173.1MM
DepositsQ3 2019vs Q3 2018$252.3MM$264.8MM
Equity CapitalQ3 2019vs Q3 2018$38.2MM$33.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$3.6MM$3.8MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$182.00K$751.00K
Real Estate OwnedQ3 2019vs Q3 2018$599.00K$599.00K
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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

1.00%*-$50kFree Kasasa Saver
OTHER TIERS: 0.25% $50k+
0.25%*$100k*-Combined Statement Savings
OTHER TIERS: 0.15% $1 - $100k
0.10%$1-Regular Statement Savings

Chelsea State Bank Money Market Rates

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

2.53%*-$10kFree Kasasa Cash Checking
OTHER TIERS: 0.50% $10k+
0.10%$1-Regular Interest Checking

Chelsea State Bank CD Rates

1.61%$500-55 Month CD
1.25%$500-15 Month CD
1.20%$500-30 Month CD
1.15%$500-24 Month CD
1.10%$500-60 Month CD
1.00%$500-18 Month CD
1.00%$500-36 Month CD
1.00%$500-48 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

1.61%$500-55 Month IRA
1.25%$500-15 Month IRA
1.20%$500-30 Month IRA
1.15%$500-24 Month IRA
1.10%$500-60 Month IRA
1.00%$500-18 Month IRA
1.00%$500-36 Month IRA
1.00%$500-48 Month IRA
0.50%$5k-7 Month IRA
0.30%$500-12 Month IRA
0.25%$5k-182 Days IRA

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

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