Chelsea Savings Bank

Headquarters

601 13th St
Belle Plaine, IA 52208
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.70% 0.95% →
5-Year CD 1.35% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Chelsea Savings Bank is an FDIC insured institution located in Belle Plaine, IA. It was founded in 1936 and has approximately $0.12 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 15427
Date Established 1936
Assets $ 118.97 million
Loans $ 52.15 million
Deposits $ 99.65 million
Capital $ 18.36 million
 

For a more detailed analysis of Chelsea Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.35% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.10% $100,000 $199,999 Learn More
48 Mo CD
1.15% $10,000 $14,999 Learn More
48 Mo CD
1.25% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.35% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Chelsea Savings Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
2.565% 2.500% 0.88 $2,142 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to Chelsea Savings Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Chelsea Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Chelsea Savings Bank Locations


Financial Details

Chelsea Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Chelsea Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Chelsea Savings Bank U.S. Bank Average
5.8% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Chelsea Savings Bank had $913,000 in non-current loans and $177,000 in owned real estate. To cover these potential losses it had $18,357,000 in equity and $421,000 in loans loss reserves. That gives it a Texas Ratio of 5.8%.

Return on Equity
Chelsea Savings Bank U.S. Bank Average
8.64% 7.80%

Chelsea Savings Bank has a Return on Equity of 8.64% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Chelsea Savings Bank U.S. Bank Average
15.43% 12.68%

Chelsea Savings Bank has a Capitalization of 15.43% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Chelsea Savings Bank Balance Sheet Analysis

As of March 31, 2020, Chelsea Savings Bank had assets of $118,966,000, loans of $52,153,000, and deposits of $99,654,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 6.11 million
Interest-bearing balances $ 3.56 million
Total securities $ 55.47 million
Federal funds sold and reverse repurchase $ 3.16 million
Net loans and leases $ 52.15 million
Loan loss allowance $ 0.42 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.18 million
Goodwill and other intangibles N.A.
All other assets $ 1.12 million
     Total Assets $ 100.61 million
LIABILITIES
Total deposits $ 99.65 million
      Interest-bearing deposits $ 83.39 million
      Deposits held in domestic offices $ 99.65 million
      % insured (estimated) 78.01%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.71 million
Subordinated debt N.A.
All other liabilities $ 0.24 million
      Total Liabilities $ 100.61 million
      Shareholders’ Equity $ 18.36 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.16 million
Total Interest Expense $ 0.19 million
Net interest income $ 0.97 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.07 million
Total non interest expense $ 0.58 million
Pre-tax Net Operating Income $ 0.45 million

Bank Loan Profile?

The top three loan types in Chelsea Savings Bank’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Farm Loans.

Compared to other banks in Iowa, Chelsea Savings Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.11
Multifamily
Mortgages
0.07
Credit Card Loans 0.00
Consumer Auto Loans 1.86
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.27
Commercial and Industrial Loans 28.37
Farm Loans 27.81

Frequently Asked Questions About Chelsea Savings Bank

Branches and Savings

Is Chelsea Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15427.

Why does Chelsea Savings Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Chelsea Savings Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Chelsea Savings Bank a commercial bank?

Yes

Where are Chelsea Savings Bank locations?

See branch locations nearby.

Is Chelsea Savings Bank open on Saturdays?

Is Chelsea Savings Bank open on Sundays?

What time does Chelsea Savings Bank open?

What time does Chelsea Savings Bank close?

Are Chelsea Savings Bank ATMs Open 24/7?

Do Chelsea Savings Bank ATMs accept cash deposits?

Can Chelsea Savings Bank customers use other ATMs?

Do Chelsea Savings Bank branches have notaries?

Will Chelsea Savings Bank notarize my document?

What address for Chelsea Savings Bank should I put for incoming ACH transfers?

Will the Chelsea Savings Bank branch print checks?

Do Chelsea Savings Bank checks expire?

Does Chelsea Savings Bank require US citizenship to open account?

Can Chelsea Savings Bank close my account?

Does Chelsea Savings Bank Report to credit bureaus?

Does Chelsea Savings Bank Use Equifax?

What is Chelsea Savings Bank's ACH Routing Number?

What is Chelsea Savings Bank's SWIFT code?

Products

Does Chelsea Savings Bank offer mortgages?

Compare mortgage rates here.

Does Chelsea Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Chelsea Savings Bank offer personal loans?

Compare personal loan rates here.

Does Chelsea Savings Bank offer student loans?

Will Chelsea Savings Bank cash a check?

Will Chelsea Savings Bank redeem a savings bond?

Does Chelsea Savings Bank cash savings bonds?

Will Chelsea Savings Bank cash money orders?

Can Chelsea Savings Bank issue a money order?

Does Chelsea Savings Bank do currency exchange?

Background on The Bank

Who owns Chelsea Savings Bank?

How long has Chelsea Savings Bank been around?

Can Chelsea Savings Bank transfer to other banks?

Does Chelsea Savings Bank have quick pay?

Does Chelsea Savings Bank accept rolled coins?

Will Chelsea Savings Bank accept loose change?

Where is Chelsea Savings Bank headquarters?

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