Required tax documentation will be mailed out according to the IRS postmark deadlines. They will also be made available under the documents tab in your Internet Banking as they become available. Please contact us if you have questions or need a printed copy.

Chelsea Savings Bank will be open on Monday, January 20th from 8am-1pm at our Belle Plaine, Chelsea, Traer and Van Horne locations. Drive-up service available only.

Federal Deposit Insurance Corporation FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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Chelsea Savings Bank Statement of Condition

As of the close of business December 31, 2023

Assets
Cash & Due from Banks	$4,690,083
Municipal and Other Bonds	$110,413,066
Loans, including Overdrafts	$59,115,659
Bank Premises, Furniture, and Fixtures	$800,747
Other Assets	$3,073,594
Fed Funds Sold	$8,444,000
TOTAL ASSETS	$186,537,148

LIABILITIES/EQUITY CAPITAL
Deposits	$171,136,998
Other Liabilities	($425,858)
Accrued Interest Payable	$399,442
Fed Funds Borrowed	$ -
FHLB Borrowing	$218,919
Capital	$260,000
Surplus	$7,273,149
Undivided Profits	$22,861,490
Net Unrealized Gain(Loss) Securities	($15,186,991)
TOTAL LIABILITIES/EQUITY CAPITAL	$186,537,148

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