Chelsea State Bank

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 43^rd largest bank in the state of Michigan. It is also the 2,214^th 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

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	14009
Year Established	1897
Employees	50
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.64%
Return on Equity - YTD	14.08%
Annual Interest Income	$5.9MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$297.9MM$293.6MM
Loans	Q2 2019vs Q2 2018	$170.9MM$169.6MM
Deposits	Q2 2019vs Q2 2018	$259.3MM$259.2MM
Equity Capital	Q2 2019vs Q2 2018	$37.0MM$32.9MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$3.3MM$3.7MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$620.00K$470.00K
Real Estate Owned	Q2 2019vs Q2 2018	$599.00K$599.00K

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$50k	Free Kasasa Saver
OTHER TIERS: 0.50% → $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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
2.53%^*	-	$10k	Free Kasasa Cash Checking
OTHER TIERS: 0.50% → $10k+
0.10%	$1	-	Regular Interest Checking

Chelsea State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.61%	$500	-	55 Month CD
1.46%	$500	-	48 Month CD
1.25%	$500	-	36 Month CD
1.25%	$500	-	60 Month CD
1.20%	$500	-	30 Month CD
1.15%	$500	-	24 Month CD
1.00%	$500	-	18 Month CD
1.00%	$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

APY	MIN	MAX	ACCOUNT NAME
1.61%	$500	-	55 Month IRA
1.46%	$500	-	48 Month IRA
1.25%	$500	-	36 Month IRA
1.25%	$500	-	60 Month IRA
1.20%	$500	-	30 Month IRA
1.15%	$500	-	24 Month IRA
1.00%	$500	-	18 Month IRA
1.00%	$500	-	15 Month IRA
0.50%	$5k	-	7 Month IRA
0.30%	$500	-	12 Month IRA
0.25%	$5k	-	182 Days IRA

Locations

Chelsea State Bank Locations
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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.