Chelsea State Bank

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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 40^th largest bank in the state of Michigan. It is also the 2,039^th largest bank in the nation. It was established in 1897 and as of June of 2024, it had grown to 59 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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2021

4/1 - Chelsea State Bank (MI) Kasasa Products Available Statewide

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Health

B+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	14009
Year Established	1897
Employees	59
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.44%
Return on Equity - YTD	14.71%
Annual Interest Income	$10.7MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$407.2MM$412.2MM
Loans	Q2 2024vs Q2 2023	$250.6MM$224.7MM
Deposits	Q2 2024vs Q2 2023	$364MM$373.5MM
Equity Capital	Q2 2024vs Q2 2023	$40.5MM$36.7MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$4.2MM$4MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$307K$7K
Real Estate Owned	Q2 2024vs Q2 2023	$600K$600K

Rates

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Savings
Money Market
Checking
CD
IRA

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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	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$1	-	CSB Interest Checking
0.25%	$1	-	Business Interest Checking

Chelsea State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
5.06%	$500	-	182 Days CD
4.58%	$500	-	9 Month CD
4.06%	$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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
5.06%	$500	-	182 Days IRA
4.58%	$500	-	9 Month IRA
4.06%	$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 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

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