Chelsea State Bank
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Data as of · sourced from FFIEC call reports. How we update
Chelsea State Bank is an FDIC-insured commercial bank headquartered in Chelsea, MI, established in 1897 (FDIC certificate 14009), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $416.5M, up 2.9% from Q2 2025, the 40th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 19.50% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 14009
- Headquarters
- Chelsea, MI
- Established
- 1897
- Total assets, Q2 2026
- $416.5M
- Assets vs Q2 2025
- +2.9%
- CET1 ratio, Q2 2026
- 19.50%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 072403635
- Latest call report
- Q2 2026, FFIEC 051 · Chelsea State Bank call report
- Holding company
- CSB BANCORP, INC.
- Asset rank in state
- 40th of 72 in Michigan
Problem loans are rising at Chelsea State Bank. Based in Chelsea, Michigan, it had $417 million in assets at June 30, 2026, up 2.9% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.30% of loans from 0.09% a year earlier. It pays an average of 1.16% on its deposits and borrowings, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). It also shrank its loan book 1.6% over the year, lower than about three-quarters of banks its size (median 5.5%).
The non-owner-occupied commercial real estate book ($46 million) is worsening: 6.44% of it is past due or on nonaccrual, up from 0.45% a year earlier. Its $68 million commercial and industrial book is improving, with 0.76% past due or on nonaccrual, down from 2.96% a year earlier. Credit is the area to watch: it carries problem assets equal to 7.5% of the capital and reserves that would absorb them, about triple the median of 2.6% for banks its size.
As of June 30, 2026, Chelsea State Bank reported a CET1 capital ratio of 19.50%, a return on assets of 1.86%, a nonperforming-loan ratio of 1.33% and a Texas ratio of 7.55%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Chelsea State Bank is the 40th largest of the 72 banks headquartered in Michigan. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.4% to $416.5M, loans fell 0.1% and deposits fell 1.9%. Its loan book on June 30, 2026 was led by owner-occupied commercial real estate loans, at 35.1% of total loans, followed by commercial and industrial loans at 26.4%. The FDIC Summary of Deposits lists 4 offices for it, in Chelsea, MI, Dexter, MI and Jackson, MI; its Chelsea 2 offices book 79% of its branch deposits. Judged on its Q2 2026 call report, Chelsea State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1010 S Main St, Chelsea, MI 48118
- County
- Washtenaw
- Metro Area
- Ann Arbor, MI
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 17, 1897
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 63
- Domestic deposits
- $366.0M
- Allowance for credit losses
- $4.0M
- Net charge-offs (YTD)
- -$12K
- Average total assets
- $416.2M
- Average total loans
- $257.0M
- Average interest-bearing deposits
- $255.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- March 7, 1934
- FDIC Cert
- 14009
- Fed RSSD
- 711548
- Website
- www.chelseastate.bank →
- Parent Holding Company
- CSB BANCORP, INC. (RSSD 3306824)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Chelsea State Bank's total assets ran between $396.6M (Q3 2024) and $422.3M (Q1 2026), 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
$416.5M total assets against $404.7M; $368.5M total liabilities against $360.1M.
$252.4M net loans and leases against $256.4M; $366.0M total deposits against $357.4M.
$80.1M securities against $88.8M; $62.4M cash and balances due against $38.1M.
$5.3M total interest income against $5.4M; $1.1M total interest expense against $1.2M.
$4.2M net interest income against $4.2M.
$283K total noninterest income against $305K; $2.7M total noninterest expense against $2.6M.
-$89K provision for credit losses against $19K.
$1.9M net income against $1.8M.
1.86% return on assets against 1.74%; 4.39% net interest margin against 4.31%.
19.50% CET1 capital ratio against 18.62%; 12.76% tier 1 leverage ratio against 12.72%.
Inside the full Chelsea State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeChelsea State Bank rankings
Its closest position to the top of a national ranking is 368 of 2,134, for CET1 ratio; its furthest is 2,004 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.27% (Q1 2026) to 2.60% (Q3 2024) and its net interest margin ran from 3.92% (Q1 2026) to 4.67% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.50% | 1.86% | 1.33% | 7.55% | 4.39% |
| Q1 2026 | 18.70% | 1.27% | 1.23% | 7.55% | 3.92% |
| Q4 2025 | 19.38% | 1.80% | 1.26% | 7.26% | 4.34% |
| Q3 2025 | 19.23% | 1.86% | 0.06% | 1.47% | 4.30% |
| Q2 2025 | 18.62% | 1.74% | 0.09% | 1.69% | 4.31% |
| Q1 2025 | 18.09% | 1.77% | 0.09% | 1.74% | 4.07% |
| Q4 2024 | 17.53% | 1.89% | 0.05% | 1.53% | 4.40% |
| Q3 2024 | 18.14% | 2.60% | 0.11% | 1.82% | 4.67% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 State Bank (main office) | Chelsea , MI | 48118 | $234.1M |
| Dexter Branch | Dexter , MI | 48130 | $75.3M |
| Downtown Branch | Chelsea , MI | 48118 | $53.8M |
| Jackson Banking Center Branch | Jackson , MI | 49202 | $2.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MI, rank 55 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 23 applications, 21 loans originated, $4.5M originated, across 1 states
- Period: Calendar year 2023. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $1.3M approved, $417K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 State Bank
What are Chelsea State Bank's total assets?
As of the Q2 2026 filing, Chelsea State Bank reported total assets of $416.5 million in its FFIEC call report.
Where is Chelsea State Bank headquartered?
It is headquartered in Chelsea, MI, United States.
When was Chelsea State Bank founded?
It was established in 1897, per the FDIC institution directory.
Is Chelsea State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14009). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Chelsea State Bank?
Chelsea State Bank's primary federal regulator is the Federal Reserve.
What is Chelsea State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.50% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Chelsea State Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Chelsea State Bank's Texas Ratio?
Its Texas Ratio is 7.55% 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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