Bank · FDIC insured
Chelsea State Bank
A $416.5M bank headquartered in Chelsea, MI, with 4 branches in Michigan. Best rates: CDs 3.80% and savings 0.55% APY.
Chelsea State Bank Carrot Score
73
Carrot Score
Higher than 35% of U.S. banks and credit unions
#15 of 21 in Ann Arbor, MI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Chelsea State Bank
Established in 1897, Chelsea State Bank is a locally owned and operated community bank.
- Headquarters
- 1010 S Main St, Chelsea, MI 48118
- FDIC certificate
- 14009 ↗
Branches
4 branches in Michigan
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Michigan
4 branches
Ann Arbor area · 3
- Chelsea State BankMain office1010 S Main St, Chelsea, MI 48118Directions
- Downtown Branch305 S Main St, Chelsea, MI 48118Directions
- Dexter Branch7101 Dexter Ann Arbor Rd, Dexter, MI 48130Directions
Jackson area · 1
- Jackson Banking Center Branch611 N Wisner Street, Jackson, MI 49202Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 12.76% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.33% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.57% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $70 | $81 | — |
- CapitalLeverage ratio12.76%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.33%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.57%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$70Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Chelsea State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.