Chesapeake Bank is headquartered in KILMARNOCK and is the 22nd largest bank in the state of Virginia. It is also the 785th largest bank in the nation. It was established in 1900 and as of March of 2023, it had grown to 241 employees at 18 locations. Chesapeake Bank's money market rates are 3X the national average, and it has a B+ health rating.
Overall | |
---|---|
FDIC Certificate # | 6862 |
Year Established | 1900 |
Employees | 241 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.22% |
Return on Equity - YTD | 15.89% |
Annual Interest Income | $14.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $1.33B$1.34B |
Loans | Q1 2023vs Q1 2022 | $787.4MM$710.8MM |
Deposits | Q1 2023vs Q1 2022 | $1.17B$1.16B |
Equity Capital | Q1 2023vs Q1 2022 | $106.9MM$120.2MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $9.6MM$8.5MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $3.1MM$2.1MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $971.00K$1.1MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | $25 | - | Youth Savings | |
0.25% | $100 | - | Totally Free Savings | |
0.25% | $100 | - | Solo Savings | |
0.15% | $10 | - | Christmas Club Rate |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.25%* | $1m* | - | Money Market Account | ||
OTHER TIERS: 0.15% → $1k+ | 0.95% → $25k - $100k | 1.05% → $100k - $500k | 1.15% → $500k - $1m |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.30%* | $50k* | - | myChecking 3 | ||
OTHER TIERS: 0.20% → $10k - $25k | 0.25% → $25k - $50k | |||||
0.20% | $2k | - | myChecking 2 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.00% | $100 | - | 1 Year IRA | |
4.00% | $100 | - | 1 Year Roth IRA | |
3.51% | $100 | - | 3 Year IRA | |
3.51% | $100 | - | 3 Year Roth IRA |