Chelsea State Bank is headquartered in Chelsea and is the 42nd largest bank in the state of Michigan. It is also the 2,020th largest bank in the nation. It was established in 1897 and as of September of 2020, it had grown to 52 employees at 3 locations. Chelsea State Bank has an A health rating.
Overall | |
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FDIC Certificate # | 14009 |
Year Established | 1897 |
Employees | 52 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.34% |
Return on Equity - YTD | 11.61% |
Annual Interest Income | $9.0MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $373.7MM$292.2MM |
Loans | Q3 2020vs Q3 2019 | $217.9MM$171.5MM |
Deposits | Q3 2020vs Q3 2019 | $329.7MM$252.3MM |
Equity Capital | Q3 2020vs Q3 2019 | $42.1MM$38.2MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $3.8MM$3.6MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.8MM$182.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $723.00K$599.00K |
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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 | |
---|---|---|---|---|---|
1.00%* | - | $25k | Free Kasasa Saver | ||
OTHER TIERS: 0.25% → $25k+ | |||||
0.15%* | $100k* | - | Combined Statement Savings | ||
OTHER TIERS: 0.05% → $1 - $100k | |||||
0.05% | $1 | - | Regular Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.15%* | $50k* | - | Combined Money Market Savings | ||
OTHER TIERS: 0.05% → $1 - $25k | 0.10% → $25k - $50k | |||||
0.10%* | $2.5k* | - | Money Market Savings | ||
OTHER TIERS: 0.05% → $1 - $2.5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.53%* | - | $10k | Free Kasasa Cash Checking | ||
OTHER TIERS: 0.25% → $10k+ | |||||
0.05% | $1 | - | Regular Interest Checking |
Chelsea State Bank Locations | ||
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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 |