Chelsea Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Chelsea Savings Bank is an FDIC-insured commercial bank headquartered in Belle Plaine, IA, established in 1936 (FDIC certificate 15427), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $196.9M, up 2.1% from Q2 2025, the 144th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 16.01% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15427
- Headquarters
- Belle Plaine, IA
- Established
- 1936
- Total assets, Q2 2026
- $196.9M
- Assets vs Q2 2025
- +2.1%
- Tier 1 leverage ratio, Q2 2026
- 16.01%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 073921776
- Latest call report
- Q2 2026, FFIEC 051 · Chelsea Savings Bank call report
- Holding company
- CHEBELLE CORPORATION
- Asset rank in state
- 144th of 225 in Iowa
Chelsea Savings Bank runs leaner than most banks of its size. Its balance sheet stood at $197 million at June 30, 2026, up 2.1% from a year earlier; it is based in Belle Plaine, Iowa. It spends about 43 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). It also funds 16.01% of its assets with Tier 1 capital, higher than about 9 in 10 banks its size (median 10.99%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $13 million equal 37% of Tier 1 capital, down from 47% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 7.1% and deposits fell 0.0%. Its margin is thin by comparison: it keeps 3.46 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, Chelsea Savings Bank reported a return on assets of 1.67%, a nonperforming-loan ratio of 0.24% and a Texas ratio of 0.92%. The figures come from its call report filed with the FFIEC.
Chelsea Savings Bank ranks as the 144th largest of the 225 banks based in Iowa, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.7% to $196.9M, loans rose 3.5% and deposits fell 0.4%. Agricultural production loans made up 26.7% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 20.9%. Its 5 offices in the FDIC Summary of Deposits are in 5 cities in IA; its Belle Plaine office books 35% of its branch deposits. Judged on its Q2 2026 call report, Chelsea Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 601 13th St, Belle Plaine, IA 52208
- County
- Benton
- Metro Area
- Cedar Rapids, IA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- October 19, 1936
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 23
- Domestic deposits
- $173.8M
- Allowance for credit losses
- $590K
- Net charge-offs (YTD)
- $0
- Average total assets
- $211.6M
- Average total loans
- $83.1M
- Average interest-bearing deposits
- $142.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 19, 1936
- FDIC Cert
- 15427
- Fed RSSD
- 771748
- Website
- www.chelseasavingsbank.com →
- Parent Holding Company
- CHEBELLE CORPORATION (RSSD 1206779)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Chelsea Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Chelsea Savings Bank's total assets ranged from $179.9M (Q3 2023) to $199.6M (Q4 2025), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$196.9M total assets against $192.8M; $174.6M total liabilities against $174.7M.
$83.8M net loans and leases against $78.2M; $173.8M total deposits against $173.8M.
$97.0M securities against $102.8M; $11.8M cash and balances due against $7.3M.
$2.4M total interest income against $2.4M; $693K total interest expense against $732K.
$1.7M net interest income against $1.6M.
$63K total noninterest income against $62K; $841K total noninterest expense against $781K.
$0 provision for credit losses against $22K.
$884K net income against $823K.
1.67% return on assets against 1.59%; 3.46% net interest margin against 3.38%.
16.01% tier 1 leverage ratio against 15.32%.
Inside the full Chelsea Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeChelsea Savings Bank rankings
Its closest position to the top of a national ranking is 310 of 3,606, for efficiency ratio; its furthest is 2,719 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.93% (Q4 2024) to 1.67% (Q2 2026) and its net interest margin ran from 2.70% (Q3 2024) to 3.46% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.01% | 1.67% | 0.24% | 0.92% | 3.46% |
| Q1 2026 | 16.20% | 1.63% | 0.26% | 0.92% | 3.35% |
| Q4 2025 | 15.68% | 1.61% | 0.25% | 0.96% | 3.34% |
| Q3 2025 | 15.68% | 1.56% | 0.26% | 1.02% | 3.31% |
| Q2 2025 | 15.32% | 1.59% | 0.27% | 1.18% | 3.38% |
| Q1 2025 | 15.27% | 1.19% | 0.29% | 1.17% | 3.16% |
| Q4 2024 | 15.88% | 0.93% | 0.45% | 1.84% | 2.93% |
| Q3 2024 | 16.45% | 1.04% | 0.58% | 1.84% | 2.70% |
Swipe the table sideways to see every column.
Branch Network
View all 5 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Chelsea Savings Bank (main office) | Belle Plaine , IA | 52208 | $60.1M |
| Van Horne Branch | Van Horne , IA | 52346 | $48.3M |
| Old Victor State Bank Branch | Victor , IA | 52347 | $32.1M |
| Chelsea Branch | Chelsea , IA | 52215 | $19.3M |
| Chelsea Savings Bank - Traer | Traer , IA | 50675 | $13.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 27, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 27, 2020 | Structure Change | Acquired Victor State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 11, 1992 | Structure Change | Acquired Van Horne Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 10, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IA, rank 151 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 36 applications, 36 loans originated, $5.0M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $125K approved, $125K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2004 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Chelsea Savings Bank
What are Chelsea Savings Bank's total assets?
As of the Q2 2026 filing, Chelsea Savings Bank reported total assets of $196.9 million in its FFIEC call report.
Where is Chelsea Savings Bank headquartered?
It is headquartered in Belle Plaine, IA, United States.
When was Chelsea Savings Bank founded?
It was established in 1936, per the FDIC institution directory.
Is Chelsea Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15427). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Chelsea Savings Bank?
Chelsea Savings Bank's primary federal regulator is the FDIC.
How many branches does Chelsea Savings Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Chelsea Savings Bank's Texas Ratio?
Its Texas Ratio is 0.92% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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