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Chelsea State Bank

$100M-$1B Specialty: Commercial MI FDIC cert 14009

Chelsea, MI

4 branches across MI

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 47 in MI.
  • Deposits +2.4% year over year ($366.0M on the books).
  • Delinquency rate 1.35%.
  • Return on assets 1.57%.
  • Efficiency ratio 63.02% vs a 64.48% peer average.
  • Loan-to-deposit ratio 68.96% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 47 in MI
View $100M-$1B leaderboard (MI) →

Chelsea State Bank has 3 strengths but faces 3 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + ROA 0.25% above tier average
  • + Net Interest Margin 0.16% above tier average
  • + Efficiency Ratio 1.46% below tier average

Key Concerns

Areas that may need attention

  • - Cost Spiral: Bottom 26.1% in tier
  • - Margin Compression: Bottom 58.6% in tier
  • - Delinquency Rate 0.43% above tier average
Get updates when Chelsea State Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Total Assets ? $416.5M
+2.9% YoY -1.4% QoQ
+$30.0M $386.6M
+1.2% YoY
$1.0B
+6.5% YoY
$6.3B
+7.7% YoY
63%
Total Loans ? $252.4M
-1.6% YoY -0.1% QoQ
-$6.0M $258.3M
+1.7% YoY
$767.2M
+9.2% YoY
$3.2B
+9.4% YoY
59%
Total Deposits ? $366.0M
+2.4% YoY -1.9% QoQ
+$39.2M $326.7M
+0.7% YoY
$806.0M
+5.9% YoY
$4.9B
+7.3% YoY
65%
Return on Assets ? 1.57%
-11.9% YoY +21.6% QoQ
+0.25% 1.32%
+10.8% YoY
1.18%
+20.1% YoY
1.30%
+12.1% YoY
69%
Net Interest Margin ? 4.14%
-2.8% YoY +5.1% QoQ
+0.16% 3.99%
+5.0% YoY
4.06%
+4.7% YoY
3.95%
+4.9% YoY
62%
Efficiency Ratio ? 63.02%
+8.7% YoY -5.2% QoQ
-1.46% 64.48%
-3.2% YoY
65.90%
-5.4% YoY
70.05%
+2.5% YoY
48%
Delinquency Rate ? 1.35%
+7.5% QoQ
+0.43% 0.92%
+15.7% YoY
0.85%
+32.2% YoY
0.98%
+16.3% YoY
21%
Loan-to-Deposit Ratio ? 68.96%
-3.9% YoY +1.9% QoQ
-8.99% 77.95%
+1.0% YoY
80.02%
+3.0% YoY
79.03%
+2.3% YoY
71%
Non-Interest-Bearing Deposit Share ? 30.42%
+5.7% YoY +6.1% QoQ
+8.39% 22.03%
-0.6% YoY
25.55%
-0.4% YoY
21.98%
-0.6% YoY
83%
Nonperforming Asset Ratio ? 0.96%
+371.4% YoY +7.7% QoQ
+0.29% 0.67%
+16.4% YoY
0.65%
+27.6% YoY
0.69%
+15.8% YoY
21%
Tier 1 Capital Ratio ? 19.50%
+4.7% YoY +4.3% QoQ
+3.60% 15.91%
+1.4% YoY
20.80%
-0.9% YoY
17.09%
+0.8% YoY
Top 14.9% in tier
Non-Interest Income / Assets ? 0.14%
+2.0% YoY +94.6% QoQ
-0.42% 0.57%
+7.6% YoY
0.38%
+3.3% YoY
0.66%
+5.2% YoY
32%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Noninterest-Bearing 30.4%
+1.6pp YoY
+1.7pp QoQ
 +8.3pp 22.1% 25.9% 22.2% 83%
Brokered Deposits n/a n/a 7.9% 12.3% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
C&I 26.8%
-1.5pp YoY
+1.0pp QoQ
 +15.3pp 11.6% 12.8% 12.5% 95%
CRE 59.2%
+0.5pp YoY
-1.4pp QoQ
 +19.6pp 39.5% 45.9% 41.4% 83%
1-4 Family 12.1%
+0.8pp YoY
+0.2pp QoQ
 -20.6pp 32.6% 33.6% 31.3% 14%
Consumer 0.6%
-0.2pp YoY
0.0pp QoQ
 -3.6pp 4.1% 4.6% 5.0% 17%

Capital

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
CET1 Ratio 19.5%
+0.9pp YoY
+0.8pp QoQ
 +0.7pp 18.8% 26.9% 19.7% 76%
Leverage Ratio 12.8%
0.0pp YoY
+0.6pp QoQ
 +0.6pp 12.2% 12.3% 12.6% 73%
Total Capital Ratio 20.8%
+0.9pp YoY
+0.8pp QoQ
 +0.8pp 19.9% 27.9% 20.8% 76%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Full-Time Employees 63
0 YoY
0 QoQ
 +4 58 134 482 66%
Assets per Employee ($) $6.6M
+2.9% YoY
-1.4% QoQ
 -$907K $7.5M $6.8M $8.8M 44%
Branch Count 4
0 YoY
0 QoQ
 -1 4 9 18 42%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.3% 0.2% 0.4% n/a
Nonaccrual 1.3%
+1.3pp YoY
+0.1pp QoQ
 +0.4pp 0.9% 0.8% 1.0% 79%
Allowance Coverage 1.18x
-93.7% YoY
-8.8% QoQ
 -22.97x 24.15x 6.79x 20.23x 32%
Net Charge-off Rate (YTD) -0.0%
0.0pp YoY
0.0pp QoQ
 -0.2pp 0.1% 0.1% 0.2% 14%

Profitability

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
ROE 13.9%
-2.8pp YoY
+2.4pp QoQ
 +1.7pp 12.2% 11.7% 11.6% 61%
Cost of Funds (YTD) 1.1%
-0.2pp YoY
0.0pp QoQ
 -0.6pp 1.7% 1.5% 1.7% 15%
Net Income ($, YTD) $3.3M
-9.9% YoY
— QoQ
 +$728K $2.6M $7.3M $40.4M 73%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (2)

Cost Spiral

risk
#37 of 138 • Bottom 26.1% in tier

Historically lean operator (efficiency < 75%) now seeing 5+ point efficiency ratio increase YoY despite strong profitability. Efficiency advantage eroding.

Why this signature
Efficiency Ratio: 63.02%
(Tier: 64.48%, National: 70.05%)
better than tier avg
138 of 138 Community banks match · 184 nationally
→ Stable +9 banks QoQ | QoQ rank improving

Margin Compression

decline
#181 of 307 • Bottom 58.6% in tier

Profitability above 0.75% ROA but margins eroding by at least 0.10pp YoY. Something changed - rising costs or falling yields need addressing.

Why this signature
Return on Assets: 1.57%
(Tier: 1.32%, National: 1.30%)
better than tier avg
307 of 307 Community banks match · 413 nationally
→ Stable +8 banks QoQ | QoQ rank declining

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (2 metrics)

394
Tier 1 Capital Ratio
capital
Value: 19.50%
Peer Median: 15.91%
#394 of 2643 Top 14.9% in $100M-$1B
446
Non-Interest-Bearing Deposit Share
funding
Value: 30.42%
Peer Median: 22.03%
#446 of 2643 Top 16.8% in $100M-$1B

Top Weaknesses (2 metrics)

2086
Delinquency Rate
credit_quality
Value: 1.35%
Peer Median: 0.92%
#2086 of 2633 Bottom 20.8% in $100M-$1B
2085
Nonperforming Asset Ratio
credit_quality
Value: 0.96%
Peer Median: 0.67%
#2085 of 2643 Bottom 21.2% in $100M-$1B
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