B
Chelsea State Bank
ChelseaMI
Rating Date
June 2025
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Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 19.4 and a capital leverage ratio of 12.5. A current level of 0.4 percent of nonperforming loans to core capital combined with 0.4 percent from a year earlier contributes to the Excellent asset quality (8.6).
Other Rating Factors: Operating profits as a percentage of assets at 1.8%, coupled with a return on assets of 1.8 has resulted in Excellent (8.0) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (7.0 on a scale of 0 to 10).
Asset Mix: Comm re (31%), securities (22%), comm loans (18%), cash (10%), home mtgs (6%), home eq lns (1%), consumer loans (1%), other (12%)
States with Branches: MI
Asset Quality
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Hot Money
Corporate Info
Group Affiliation
CSB Bancorp Inc.
Investment Rating
--
Address
1010 South Main Street
Chelsea, MI 48118
Phone Number
(734) 475-1355
Year Founded
1897
FDIC Number
Largest Affiliates
No affiliate information available.