Overview / Commentary
734-475-1355
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 2,217th largest bank in the nation. It was established in 1897 and as of June of 2018, it had grown to 49 employees at 3 locations. Chelsea State Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #14009
Year Established1897
Employees49
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD14.76%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$293.6MM$282.1MM
LoansQ2 2018vs Q2 2017$169.6MM$160.8MM
DepositsQ2 2018vs Q2 2017$259.2MM$248.5MM
Equity CapitalQ2 2018vs Q2 2017$32.9MM$32.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$3.7MM$4.0MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$470.00K$1.7MM
Real Estate OwnedQ2 2018vs Q2 2017$599.00K$599.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Combined Statement Savings
OTHER TIERS: 0.15% $1 - $100k
0.10%$1-Regular Statement Savings

Chelsea State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.75%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.75%$500-15 Month IRA
0.50%--7 Month IRA
0.30%$500-12 Month IRA
0.25%$5k-182 Days IRA
Locations


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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