Chelsea State Bank Condensed Statement of Condition as of March 31, 2023
| ASSETS |
| Cash, Due from Banks, and Certificates of Deposit |
$81,646,508 |
| Federal Funds Sold |
$514,266 |
| Securities |
$111,958,180 |
| Loans |
$224,171,274 |
| Less Reserve for Loan Losses |
$(3,918,116) |
| Net Loans |
$220,253,158 |
| Bank Premises & Fixtures |
$2,786,260 |
| Accrued Interest Receivable and Other Assets |
$14,086,634 |
| TOTAL ASSETS |
$431,245,006 |
| LIABILITIES |
| Demand Deposits |
$221,291,690 |
| Savings, Money Market, and Time Deposits |
$170,309,860 |
| Federal Funds Purchased |
0 |
| FHLB Advances |
0 |
| Accrued Expenses and Other Payables |
$2,729,966 |
| TOTAL LIABILITIES |
$394,331,516 |
| STOCKHOLDERS EQUITY |
| Common Stock |
$3,200,000 |
| Surplus |
$16,800,000 |
| Undivided Profits and Other Gains |
$16,913,490 |
| TOTAL STOCKHOLDERS EQUITY |
$36,913,490 |
| TOTAL LIABILITIES and STOCKHOLDERS EQUITY |
$431,245,006 |
