# CHELSEA STATE BANK
CHELSEA, MI · FDIC certificate 14009 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $416.5M | |
| Deposits | $366.0M | |
| Loans and leases | $256.4M | |
| Total equity | $48.1M | |
| Loans / deposits | 68.96% (p24 of band) | 82.04% |
| Liquid assets / assets | 34.22% (p74 of band) | |
| Uninsured deposits / deposits | 25.55% (p48 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.03% (p24 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.76% (p77 of band) | 10.81% |
| Unrealized securities loss / equity | -11.83% (p39 of band) | -8.10% |
| AOCI / equity | 0.45% (p91 of band) | |
| ROA (annualized) | 1.57% (p68 of band) | 1.28% |
| Net interest margin | 4.14% (p64 of band) | 3.91% |
| Efficiency ratio | 63.02% (p56 of band) | |
| Noncurrent loans | 1.33% (p80 of band) | 0.43% |
| Net charge-offs (annualized) | -0.01% (p12 of band) | |
| Reserve coverage of noncurrent | 118.19% | |
| Real estate % of loans | 71% | |
| Construction % of loans | 10.68% (p15 of band) | |
| Auto loans | $802,000 (0.31% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 2.4% | |
| Employees | 63 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 2 | uninsured deposits leaving |  |
| 2012-09 | 0 |  | reserve under noncurrent, uninsured deposits leaving |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | reserve under noncurrent |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | capital falling |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 0 |  | capital falling |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 0 |  | capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | AOCI drag >20% of equity |  |
| 2022-09 | 2 | securities losses >30% of equity |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 0 |  | AOCI drag >20% of equity, securities losses >30% of equity |
| 2023-06 | 0 |  |  |
| 2023-09 | 3 | securities losses >30% of equity, deposits shrinking, assets shrinking |  |
| 2023-12 | 1 |  | securities losses >30% of equity, assets shrinking |
| 2024-03 | 0 |  | deposits shrinking |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 1 | capital falling |  |
| 2025-06 | 0 |  | capital falling |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | capital falling |  |
| 2026-06 | 0 |  | capital falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-09-09 [Community Impact Update with Chelsea State Bank - JTV Jackson](https://news.google.com/rss/articles/CBMicEFVX3lxTFA4YXRVdXJEZGRBQkpWMTk2ZU9JdVFVa0E2cTN5RzZBOVNHWnBzR3JjTWc2T1h3WXgyTU5WQVZ5dG15MU9pMzdlSko2U1pCQmotX09NRGdIc0Z4RF9RUjhuc05ZVHc2MGZ2dnZNakI1WHg?oc=5) · JTV Jackson
- 2026-09-09 [Chelsea bank’s first female president honored with statewide award - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-09-07 [Chelsea State Bank helps employees purchase fair livestock animals, including in Manchester - The Manchester Mirror](https://news.google.com/rss/articles/CBMizwFBVV95cUxPNUJxbXhVeVI0UEZ3QjJaTFZZalg1d0duWm1aZ2N4MzVWdS14MVFDM0ZJaW9RT1pDdW9qMDlaVFEyS2FjVmNsS29DRzNxWldld2hWeDJrMGlsTXc3QlFnYXU0NGIxMGdzWEFhVmg3WC1HRFdDRjY3cEEzSE1qSVdDTkczd3hFZEpRNF9HWlJoc2NGd1kzdm50cTVPRVAyeHJtYlRiTXNXTGNScTJTMkk5OFozR0ZOekRJWGF0SWhuY1EwWTFHVTlydm1pYnMtRHM?oc=5) · The Manchester Mirror
- 2026-04-27 [Chelsea State Bank Announces Promotions - The Sun Times News](https://news.google.com/rss/articles/CBMid0FVX3lxTE1rRWppRXhxSlh6eDhCelJIWDdlWlY2cnRnY3pzN0tNdVI0SEFQbEh6Qll4Z19lTE9xenRQeUJuVHRVWndjYkhrWlZIMjJESXFreGxuNnRmek9CUVlCSTV3ZU1XNGd1SlF0Y2pBUXRoX2UyTEtpNFNj?oc=5) · The Sun Times News
- 2026-09-09 [Venezuelan gang member sentenced to deportation in Dexter ATM theft case - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2025-10-24 [Man with ties to Tren de Aragua gang accused of Dexter ATM robbery, feds say - CBS News](https://news.google.com/rss/articles/CBMihwFBVV95cUxQN0pfajZucWVvSVZMY0JKWHg1Y3FMRjRKSnFXNHBkX0xacF9qNG11MjF1Y3dxaHNYMVhKbFNjSHZKd0RRd1o3TkJRb2I3Mm85Y0hrblp4ejBkTkZ1YW9wUnRJOGJ0WEgzRjJraFhtSy10TmgtU0FCZm9WTUhZOW5DWVhsLW9naGPSAYwBQVVfeXFMTldvZmh1ckN5Y2lFWHhCNlN4emlMZXphMGlxS1diQVFHWHQtVGNwTGh6dkstcnJrY3JsWnVvbWJONkZFVV9DajdfZTBrRW9Xd2ljY09Ob29wSEdZcnl4RE9UOHJ4ZGswQUNfRXRuQ1kzNU5zbzR2YjVZU3lISjZhYURtNVl3QTVkWm5ha2M?oc=5) · CBS News
- 2026-05-12 [Chelsea State Bank Employees Donate $2,616 to "It Only Takes 5" Through Blue Jeans for Charity Fund - The Sun Times News](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQNW4ycnU5eGpocktJWmE2TGpCZWt4dWlXY01qRmFoX29XZTU1WnJhRnpaeVVrZ1Fqd0J0TFQ3NWFIN3lGSVItdWFCZTdnMVRvdmlmTFpHMzI4RFhhT3Q4MU9rc1VabGFzSFZWUVh0ZFJTVzFtQzZMNlBvdXhqcnE4MXh5a2lyTTJhaUNkZW55NUxJeG5hOGM4YkVsRXBJbGhaZWRXMzA0WllUaWJHYzVHYU83QUNQOUFmel9faUVHeEZBUQ?oc=5) · The Sun Times News
- 2024-10-15 [Chelsea State Bank Unveils Cutting-Edge Website to Elevate Community Banking Experience in Partnership With Symphonize - Newswire.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQY2FOWG0zWDBQS2dGX1ZQTXhZTEpPcERFVkRXN1BBUTJ4WXdUeGNBTlBBNmRtYk5iNXhGQW41RC05VGJVZ09qbE9nMFIzVkg5VjFXaExydHJlRThSdDdPRGVJMWZFWFpERTl5T0ZTd25zYm5kdXlXdXA3NE5PQTFSVXFlblpKSS16dU0xenBYbU5TM3JsZzdzN3U1NEJ5VDhIZ0NleUI3NEpMUGM?oc=5) · Newswire.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14009 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/57.json (key "14009", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide