Chelsea State Bank


Overview / Commentary
734-475-1355
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 2,214th largest bank in the nation. It was established in 1897 and as of June of 2019, it had grown to 50 employees at 3 locations. Chelsea State Bank has an A health rating.

Reviews

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Health

Health Grade Components

Overall
FDIC Certificate #14009
Year Established1897
Employees50
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.64%
Return on Equity - YTD14.08%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$297.9MM$293.6MM
LoansQ2 2019vs Q2 2018$170.9MM$169.6MM
DepositsQ2 2019vs Q2 2018$259.3MM$259.2MM
Equity CapitalQ2 2019vs Q2 2018$37.0MM$32.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$3.3MM$3.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$620.00K$470.00K
Real Estate OwnedQ2 2019vs Q2 2018$599.00K$599.00K
Rates

Rates for Chelsea State Bank are currently being reviewed.

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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