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.
Overall | |
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FDIC Certificate # | 14009 |
Year Established | 1897 |
Employees | 59 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.84% |
Return on Equity - YTD | 18.02% |
Annual Interest Income | $21.7MM |
Assets and Liabilities | ||
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Assets | Q4 2024vs Q4 2023 | $405.8MM$403.6MM |
Loans | Q4 2024vs Q4 2023 | $259MM$240.5MM |
Deposits | Q4 2024vs Q4 2023 | $360.1MM$361.8MM |
Equity Capital | Q4 2024vs Q4 2023 | $42.8MM$39.5MM |
Loan Loss Allowance | Q4 2024vs Q4 2023 | $4.2MM$4.2MM |
Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $120K$192K |
Real Estate Owned | Q4 2024vs Q4 2023 | $600K$600K |
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Chelsea State Bank Locations | ||
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Chelsea State Bank | 1010 S Main St | Chelsea, MI 48118 |
Downtown Branch | 305 South Main | Chelsea, MI 48118 |
Dexter Branch | 7101 Dexter-Ann Arbor Road | Dexter, MI 48130 |
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