Chelsea State Bank is a state-chartered bank (fed member) headquartered in Chelsea, Michigan, in business for about 129 years. At the end of Q2 2026 it reported $416.5M in total assets and $366.0M in deposits, with 4 offices.
Based on its Q2 2026 filing, Chelsea State Bank scores 75/100, which we describe as strong. That is higher than 61% of 2,650 banks with $100 million – $1 billion. Among 72 banks headquartered in Michigan, it ranks 20th. Its strongest component is problem-loan coverage (85/100; 7.7%), and its lowest is loan quality (56/100; 1.33%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 12 points (87 → 75), mostly because the loan quality component weakened by 41 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 81 |
| Q3 2024 | 86 |
| Q4 2024 | 87 |
| Q1 2025 | 86 |
| Q2 2025 | 87 |
| Q3 2025 | 88 |
| Q4 2025 | 76 |
| Q1 2026 | 71 |
| Q2 2026 | 75 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 12.01% |
| Q3 2024 | 12.66% |
| Q4 2024 | 12.51% |
| Q1 2025 | 12.46% |
| Q2 2025 | 12.72% |
| Q3 2025 | 12.87% |
| Q4 2025 | 12.68% |
| Q1 2026 | 12.17% |
| Q2 2026 | 12.76% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.12% |
| Q3 2024 | 0.11% |
| Q4 2024 | 0.05% |
| Q1 2025 | 0.09% |
| Q2 2025 | 0.09% |
| Q3 2025 | 0.06% |
| Q4 2025 | 1.26% |
| Q1 2026 | 1.23% |
| Q2 2026 | 1.33% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.44% |
| Q3 2024 | 1.83% |
| Q4 2024 | 1.84% |
| Q1 2025 | 1.79% |
| Q2 2025 | 1.78% |
| Q3 2025 | 1.82% |
| Q4 2025 | 1.82% |
| Q1 2026 | 1.29% |
| Q2 2026 | 1.57% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 75 | $416.5M | 12.76% | 1.33% | 1.57% | 69.0% |
| Q1 2026 | 71 | $422.3M | 12.17% | 1.23% | 1.29% | 67.7% |
| Q4 2025 | 76 | $413.9M | 12.68% | 1.26% | 1.82% | 68.4% |
| Q3 2025 | 88 | $414.3M | 12.87% | 0.06% | 1.82% | 69.2% |
| Q2 2025 | 87 | $404.7M | 12.72% | 0.09% | 1.78% | 71.7% |
| Q1 2025 | 86 | $414.0M | 12.46% | 0.09% | 1.79% | 70.4% |
| Q4 2024 | 87 | $405.8M | 12.51% | 0.05% | 1.84% | 71.9% |
| Q3 2024 | 86 | $396.6M | 12.66% | 0.11% | 1.83% | 72.8% |
| Q2 2024 | 81 | $407.2M | 12.01% | 0.12% | 1.44% | 68.9% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Michigan
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First Community BankBank Harbor Springs, MI | 77 out of 100, Strong | $413.6M | 9.9% | 0.00% | vs |
| State Savings BankBank Frankfort, MI | 61 out of 100, Moderate | $431.2M | 8.8% | 0.20% | vs |
| The Shelby State BankBank Shelby, MI | 73 out of 100, Strong | $397.0M | 9.1% | 0.01% | vs |
| Union BankBank Grand Rapids, MI | 53 out of 100, Below average | $396.7M | 8.8% | 1.07% | vs |
| Honor BankBank Honor, MI | 71 out of 100, Strong | $442.7M | 9.8% | 0.32% | vs |
| First National Bank & Trust Co.Bank Iron Mountain, MI | 45 out of 100, Below average | $386.4M | 9.5% | 3.22% | vs |
Deposit insurance
Is my money safe at Chelsea State Bank?
Yes. Chelsea State Bank is an FDIC-insured institution (FDIC certificate #14009). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 25.5% of deposits ($93.5M) are above the $250,000 FDIC insurance limit, close to the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 12.76%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 20.76% (benchmark: 10%).
4 locations
Branches
Chelsea State Bank lists 4 offices in 3 cities. Most locations:
- Chelsea, MI (2)
- Dexter, MI (1)
- Jackson, MI (1)
Identity & history
Profile
- Legal name
- Chelsea State Bank
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 14009
- RSSD ID
- 711548
- Primary regulator
- FED
- Holding company
- Csb Bcorp Inc
- Established
- December 17, 1897
- Headquarters
- 1010 S Main St, Chelsea, MI 48118
- Website
- www.chelseastate.bank
- Employees
- 63
Quick answers
Chelsea State Bank: common questions
Is Chelsea State Bank FDIC insured?
Yes. Chelsea State Bank is an FDIC-insured institution (FDIC certificate #14009). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Chelsea State Bank's TellerScore?
75 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Chelsea State Bank ever failed?
There is no failure record for FDIC certificate #14009 in the FDIC failed bank list.
How many branches does Chelsea State Bank have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Chelsea
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Tlc Community Credit UnionCredit union Adrian, MI | 90 out of 100, Very strong | $950.2M | 14.5% | 0.14% | vs |
| DFCU Financial Credit UnionCredit union Dearborn, MI | 82 out of 100, Strong | $8.0B | 12.6% | 0.63% | vs |
| Bank of Ann ArborBank Ann Arbor, MI | 82 out of 100, Strong | $3.5B | 13.2% | 0.27% | vs |
| South Central Credit UnionCredit union Jackson, MI | 78 out of 100, Strong | $84.6M | 14.2% | 0.56% | vs |
| Aeroquip Credit UnionCredit union Jackson, MI | 78 out of 100, Strong | $51.6M | 15.8% | 0.62% | vs |
| Credit Union OneCredit union Ferndale, MI | 76 out of 100, Strong | $1.8B | 11.6% | 0.42% | vs |