Chelsea State Bank

Overview / Commentary
1010 South Main Street
Chelsea, MI 48118

Chelsea State Bank is headquartered in Chelsea and is the 40th largest bank in the state of Michigan. It is also the 1,922nd largest bank in the nation. It was established in 1897 and as of March of 2021, it had grown to 52 employees at 3 locations. Chelsea State Bank has an A+ health rating.

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Chelsea State Bank (MI) Kasasa Products Available Statewide - 4/1/2021

Chelsea State Bank (MI) is currently offering its competitive Kasasa Cash, Kasasa Cash Back, and Kasasa Saver accounts on a statewide basis.


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Health Grade Components

FDIC Certificate #14009
Year Established1897
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD15.84%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$429.2MM$354.6MM
LoansQ1 2021vs Q1 2020$223.4MM$176.1MM
DepositsQ1 2021vs Q1 2020$385.1MM$312.8MM
Equity CapitalQ1 2021vs Q1 2020$41.8MM$39.6MM
Loan Loss AllowanceQ1 2021vs Q1 2020$4.0MM$3.6MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$41.00K$751.00K
Real Estate OwnedQ1 2021vs Q1 2020$600.00K$723.00K
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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

1.00%*-$25kFree 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

Chelsea State Bank Money Market Rates

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

Chelsea State Bank Checking Account Rates

2.53%*-$10kFree Kasasa Cash Checking
OTHER TIERS: 0.25% $10k+
0.05%$1-CSB Interest Checking

Chelsea State Bank CD Rates

0.65%$500-55 Month CD
0.40%$500-60 Month CD
0.35%$500-48 Month CD
0.30%$500-36 Month CD
0.25%$500-17 Month CD
0.20%$500-24 Month CD
0.20%$500-30 Month CD
0.15%$500-12 Month CD
0.15%$500-18 Month CD
0.10%$5k-182 Days CD

Chelsea State Bank IRA Rates

0.65%$500-55 Month IRA
0.40%$500-60 Month IRA
0.35%$500-48 Month IRA
0.30%$500-36 Month IRA
0.25%$500-17 Month IRA
0.20%$500-24 Month IRA
0.20%$500-30 Month IRA
0.15%$500-12 Month IRA
0.15%$500-18 Month IRA
0.10%$5k-182 Days IRA

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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