Chelsea State Bank vs First Bank, Upper Michigan
Comparing a Bank in Chelsea, MI with a Bank in Gladstone, MI using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| Chelsea State Bank ↗ Bank · Chelsea, MI · Est. 1897 | First Bank, Upper Michigan ↗ Bank · Gladstone, MI · Est. 1916 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Bank | Bank |
| Location | Chelsea, MI | Gladstone, MI |
| Total assets | $422.3M | $632.1M |
| Capital ratio | 10.9% | 13.1% |
| Return on assets | 1.3% | 1.9% |
| Deposits | $373.1M | $532.1M |
| Branches | 4 | 9 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #4 of 73 | #5 of 73 |
| Established | 1897 | 1916 |
Chelsea State Bank
- Assets: $422.3M
- Deposits: $373.1M
- Capital ratio: 10.9%
- Return on assets: 1.3%
- CFPB complaints: 0
- State rank: #4 of 73
First Bank, Upper Michigan
- Assets: $632.1M
- Deposits: $532.1M
- Capital ratio: 13.1%
- Return on assets: 1.9%
- CFPB complaints: 0
- State rank: #5 of 73
Are both institutions federally insured?
Yes. Chelsea State Bank is FDIC-insured and First Bank, Upper Michigan is FDIC-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, Chelsea State Bank or First Bank, Upper Michigan?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — Chelsea State Bank scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is Chelsea State Bank safe?
Yes — Chelsea State Bank is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is First Bank, Upper Michigan safe?
Yes — First Bank, Upper Michigan is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of Chelsea State Bank vs First Bank, Upper Michigan?
Chelsea State Bank has a capital ratio of 10.9%, placing it in the top 39% of $100M–1B peers. First Bank, Upper Michigan's ratio is 13.1%, placing it in the top 19% of $100M–1B peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does Chelsea State Bank have compared to First Bank, Upper Michigan?
The CFPB database shows 0 complaints against Chelsea State Bank, and 0 complaints against First Bank, Upper Michigan. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare Chelsea State Bank with other Banks in Michigan
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
