Chelsea State Bank

Overview / Commentary
1010 South Main Street
Chelsea, MI 48118

Chelsea State Bank is headquartered in Chelsea and is the 39th largest bank in the state of Michigan. It is also the 1,944th largest bank in the nation. It was established in 1897 and as of June of 2022, it had grown to 53 employees at 3 locations. Chelsea State Bank's money market rates are 70% higher than the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #14009
Year Established1897
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.35%
Return on Equity - YTD15.44%
Annual Interest Income$6.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$429.3MM$410.8MM
LoansQ2 2022vs Q2 2021$214.9MM$209.5MM
DepositsQ2 2022vs Q2 2021$392.7MM$366.1MM
Equity CapitalQ2 2022vs Q2 2021$34.7MM$42.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.0MM$4.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$24.00K$38.00K
Real Estate OwnedQ2 2022vs Q2 2021$600.00K$600.00K
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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

1.61%*-$25kFree Kasasa Saver
OTHER TIERS: 0.85% $25k+
0.80%*$100k*-Combined Statement Savings
OTHER TIERS: 0.75% $1 - $100k
0.70%$1-Regular Statement Savings

Chelsea State Bank Money Market Rates

1.76%*$50k*-Combined Money Market Savings
OTHER TIERS: 1.26% $1 - $25k | 1.51% $25k - $50k
0.75%*$2.5k*-Money Market Savings
OTHER TIERS: 0.50% $1 - $2.5k

Chelsea State Bank Checking Account Rates

2.53%*-$10kFree Kasasa Cash Checking
OTHER TIERS: 0.35% $10k+
0.25%$1-CSB Interest Checking

Chelsea State Bank CD Rates

3.02%$500-20 Month CD
2.82%$500-18 Month CD
2.82%$500-24 Month CD
2.51%$500-13 Month CD
2.00%$500-60 Month CD
1.90%$500-36 Month CD
1.00%$500-12 Month CD

Chelsea State Bank IRA Rates

3.02%$500-20 Month IRA
2.82%$500-18 Month IRA
2.82%$500-24 Month IRA
2.51%$500-13 Month IRA
2.00%$500-60 Month IRA
1.90%$500-36 Month IRA
1.00%$500-12 Month IRA

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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