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 42nd largest bank in the state of Michigan. It is also the 2,072nd largest bank in the nation. It was established in 1897 and as of December of 2024, it had grown to 59 employees at 3 locations. Chelsea State Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #14009
Year Established1897
Employees59
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.84%
Return on Equity - YTD18.02%
Annual Interest Income$21.7MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$405.8MM$403.6MM
LoansQ4 2024vs Q4 2023$259MM$240.5MM
DepositsQ4 2024vs Q4 2023$360.1MM$361.8MM
Equity CapitalQ4 2024vs Q4 2023$42.8MM$39.5MM
Loan Loss AllowanceQ4 2024vs Q4 2023$4.2MM$4.2MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$120K$192K
Real Estate OwnedQ4 2024vs Q4 2023$600K$600K
Rates

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Locations


Chelsea State Bank Locations
Chelsea State Bank1010 S Main StChelsea, MI 48118
Downtown Branch305 South MainChelsea, MI 48118
Dexter Branch7101 Dexter-Ann Arbor RoadDexter, MI 48130

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