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Chelsea State Bank

Chelsea, MI
IDRSSD: 711548
Total Assets
$414.33M
Latest filing
Total Deposits
$364.37M
Latest filing
Net Interest Margin
4.34%
Profitability
0

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

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Institution Profile

Institution ClassCommercial bank, state charter, Fed member, supervised by FRB
Primary RegulatorFED
Established Date12/17/1897
Community BankYes
Ownership TypeNot Mutual
ZIP48118
State and County Number26161
Subchapter S CorporationsYes
Trust PowersN/A
Federal Reserve ID Number07
Numeric code13
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictChicago
Core Based Statistical Area NameAnn Arbor, MI

Operational Info

Number of Employees63
Domestic Offices4
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date08/31/2022
Date of Deposit Insurance03/07/1934
Primary Insurance AgencyDIF
Websitewww.chelseastate.bank
Data Updated11/14/2025
CERT14009
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$414.33M
Total Deposits$364.37M
Total Liabilities$367.13M
Total Equity Capital$47.21M
Net Income$1.94M
Net Loans and Leases$252.20M
Assets Per Employee ($Millions)$6.47M
Bank Premises and Fixed Assets$4.83M
Cash and Balances due from Depository Institutions$51.33M
Deposits Held in Domestic Offices$364.37M

Key Performance Ratios

Return on Assets (ROA)1.9%
Return on Equity (ROE)16.94%
Net Interest Margin4.34%
Efficiency Ratio59.4%
Tier 1 Risk-Based Capital Ratio19.227%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets-0.1%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets11.394%
Earning Assets to total Assets93.49%

Income and Expense

Total Interest Income$5.38M
Total Noninterest Income$376.00k
Total Interest Expense$1.23M
Total Noninterest Expense$2.69M
Net Interest Income$4.16M
Pre-tax Net Operating Income$1.94M
Provision for Credit Losses$-100,000
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$600.00k
Other borrowed funds$18.00k
Federal Funds Sold & Reverse Repurchase Agreement$422.00k
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$2.74M
Total Liabilities and Capital$414.33M

Securities

Securities$88.66M
Available-for-sale debt securities$88.06M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$0
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of Chelsea State Bank?
$414.33M as of the latest filing.
How much are Chelsea State Bank's total deposits?
$364.37M in total deposits.
Where is Chelsea State Bank located?
Chelsea, MI.
What is the Net Interest Margin?
4.34%.
How many domestic offices does it operate?
4.
When was it established?
12/17/1897.
What is the Return on Assets (ROA)?
1.9%.
How much are total loans and leases?
$252.20M (latest filing).
What is the total interest income (latest filing)?
$5.38M.