Chelsea Savings Bank
FDIC #15427
📍 Belle Plaine, Iowa
Chelsea Savings Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 10/19/1936. With assets of $179.88 Million, it operates 5 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: March 1, 2025
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
March 1, 2025
Satisfactory
April 1, 2019
Satisfactory
April 1, 2013
Satisfactory
💰 Financial Strength
Total Assets$179.88 Million
Total Deposits$167.04 Million
Equity Capital$11.87 Million
Net Income$1.78 Million
📈 Performance
ROA1.31%
ROE17.60%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established10/19/1936
FDIC Cert15427
Holding CoChebelle Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2020
Merger / Acquisition
Acquired: Victor State Bank
2020
Relocation
Moved HQ to: 601 13th St, Belle Plaine, IA 52208.
1992
Merger / Acquisition
Acquired: Van Horne Savings Bank
1992
Relocation
Moved HQ to: 13th Street And Highway 212, Belle Plaine, IA 52208.
1977
Name Change
Name became: Changed Institution Name To Chelsea Savings Bank.