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301-645-5601
3035 Leonardtown Road
Waldorf, MD 20601

Community Bank of the Chesapeake is headquartered in Waldorf and is the 6th largest bank in the state of Maryland. It is also the 647th largest bank in the nation. It was established in 1950 and as of December of 2013, it had grown to 173 employees at 11 locations. Community Bank of the Chesapeake has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Community Bank of the Chesapeake had $22.25 million in non-current loans and owned real-estate with $130.15 million in equity and loan loss allowances on hand to cover it. This gives Community Bank of the Chesapeake a Texas Ratio of 17.09% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Community Bank of the Chesapeake decreased slightly from 20.71% as of December 31, 2012 to 17.09% as of December 31, 2013, resulting in a positive change of 17.48%.This indicates that the balance sheet and financial strength for Community Bank of the Chesapeake has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Community Bank of the Chesapeake has increased its total deposits by $856,000, resulting in 0.1% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Community Bank of the Chesapeake has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Community Bank of the Chesapeake has $1.02 billion in assets with $130.15 million in equity, resulting in a capitalization level of 12.73%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30903
Year Established1950
Employees173
Primary RegulatorFED
Assets and Liabilities
Assets$1.02 billion
Loans$799.13 million
Deposits$820.60 million
Equity Capital$122.01 million
Loan Loss Allowance$8.14 million
Unbacked Noncurrent Loans$15.45 million
Real Estate Owned$6.80 million
Historic Data - December 2012
Assets$978.40 million
Equity Capital$88.37 million
Loan Loss Allowance$8.25 million
Unbacked Noncurrent Loans$15.45 million
Real Estate Owned$6.89 million
Profit Margin - Quarterly
Net Interest Margin3.55%
Return on Assets0.75%
Return on Equity7.59%
Interest Income$39.94 million
Rates
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Community Bank of the Chesapeake Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Business Statement Savings
0.10%--Christmas Club
0.10%--Kids Club Account
0.10%--Spirit Savings
0.10%--Statement Savings

Community Bank of the Chesapeake CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month CD
1.25%$500-Business 60 Month CD
1.05%$500-30 Month CD One Time Bump Up Rate
1.05%$500-Business 30 Month CD One Time Bump Up Rate
0.60%$500-48 Month CD
0.60%$500-Business 48 Month CD
0.45%$500-13 Month CD 1 Time Penalty Free
0.45%$500-36 Month CD
0.45%$500-Business 13 Month CD 1 Time Penalty Free
0.45%$500-Business 36 Month CD
0.35%$500-24 Month CD
0.35%$500-25 Month Choice CD
0.35%$500-Business 24 Month CD
0.35%$500-Business 25 Month Choice CD
0.30%$500-18 Month CD
0.30%$500-22 Month CD
0.30%$500-Business 18 Month CD
0.30%$500-Business 22 Month CD
0.30%$500-21 Month CD
0.30%$500-Business 21 Month CD
0.25%$500-15 Month CD
0.25%$500-16 Month Choice CD
0.25%$500-Business 15 Month CD
0.25%$500-Business 16 Month Choice CD
0.20%$500-11 Month CD
0.20%$500-12 Month CD
0.20%$500-Business 11 Month CD
0.20%$500-Business 12 Month CD
0.15%$2,500-6 Month CD
0.15%$2,500-9 Month CD
0.15%$2,500-Business 6 Month CD
0.15%$2,500-Business 9 Month CD
0.10%$500-2 Month CD
0.10%$5k-4 Month CD
0.10%$500-Business 2 Month CD
0.10%$5k-Business 4 Month CD

Community Bank of the Chesapeake IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month IRA
1.05%$500-30 Month IRA One Time Bump Up Rate
0.60%$500-48 Month IRA
0.45%$500-13 Month IRA 1 Time Penalty Free
0.45%$500-36 Month IRA
0.35%$500-24 Month IRA
0.35%$500-25 Month Choice IRA
0.30%--18 Month Add-On IRA
0.30%$500-18 Month IRA
0.30%$500-22 Month IRA
0.30%$500-21 Month IRA
0.25%$500-15 Month IRA
0.25%$500-16 Month Choice IRA
0.20%$500-11 Month IRA
0.20%$500-12 Month IRA
0.15%$2,500-6 Month IRA
0.15%$2,500-9 Month IRA
0.10%$500-2 Month IRA
0.10%$5k-4 Month IRA
Locations

Community Bank of the Chesapeake has 11 locations. Click to view all Community Bank of the Chesapeake locations.