Choiceone Bank vs Chelsea State Bank
Comparing a Bank in Sparta, MI with a Bank in Chelsea, MI using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| Choiceone Bank ↗ Bank · Sparta, MI · Est. 1898 | Chelsea State Bank ↗ Bank · Chelsea, MI · Est. 1897 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Bank | Bank |
| Location | Sparta, MI | Chelsea, MI |
| Total assets | $4.4B | $422.3M |
| Capital ratio | 11.6% | 10.9% |
| Return on assets | 1.3% | 1.3% |
| Deposits | $3.7B | $373.1M |
| Branches | 51 | 4 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #1 of 73 | #4 of 73 |
| Established | 1898 | 1897 |
Choiceone Bank
- Assets: $4.4B
- Deposits: $3.7B
- Capital ratio: 11.6%
- Return on assets: 1.3%
- CFPB complaints: 0
- State rank: #1 of 73
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
Are both institutions federally insured?
Yes. Choiceone Bank is FDIC-insured and Chelsea State Bank 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, Choiceone Bank or Chelsea State Bank?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — Choiceone 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 Choiceone Bank safe?
Yes — Choiceone 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 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. Its Trust Grade is A (98/100).
What is the capital ratio of Choiceone Bank vs Chelsea State Bank?
Choiceone Bank has a capital ratio of 11.6%, placing it in the top 28% of $1B–10B peers. Chelsea State Bank's ratio is 10.9%, placing it in the top 39% of $100M–1B peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does Choiceone Bank have compared to Chelsea State Bank?
The CFPB database shows 0 complaints against Choiceone Bank, and 0 complaints against Chelsea State Bank. 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 Choiceone 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.
