Chesapeake Bank

Overview / Commentary

804-435-1181

97 North Main Street
Kilmarnock, VA 22482

Chesapeake Bank is headquartered in Kilmarnock and is the 24^th largest bank in the state of Virginia. It is also the 798^th largest bank in the nation. It was established in 1900 and as of December of 2020, it had grown to 220 employees at 18 locations. Chesapeake Bank has an A health rating.

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2017
2006

5/19 - Chesapeake Bank (VA) Has Competitive Short-Term CDs

5/13 - 5.50% 7-Month / 13-Month CD at a Virginia Bank

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Health

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	6862
Year Established	1900
Employees	220
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.13%
Return on Equity - YTD	10.79%
Annual Interest Income	$41.1MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$1.21B$955.0MM
Loans	Q4 2020vs Q4 2019	$621.0MM$560.0MM
Deposits	Q4 2020vs Q4 2019	$1.02B$841.1MM
Equity Capital	Q4 2020vs Q4 2019	$122.9MM$106.0MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$9.2MM$6.7MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$2.1MM$354.00K
Real Estate Owned	Q4 2020vs Q4 2019	$4.2MM$4.4MM

Rates

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Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chesapeake Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	$10	-	Christmas Club Rate
0.03%	$25	-	Youth Savings
0.03%	$100	-	Totally Free Savings
0.03%	$100	-	Solo Savings

Chesapeake Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	$1k	-	Money Market Account

Chesapeake Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	$2k	-	myChecking 2
0.03%	$10k	-	myChecking 3

Chesapeake Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%	$1k	-	5 Year CD
0.25%	$1k	-	37 Month CD
0.20%	$1k	-	3 Year CD
0.15%	$1k	-	2 Year CD
0.15%	$1k	-	19 Month CD
0.10%	$1k	-	18 Month CD
0.10%	$1k	-	7 Month CD
0.10%	$1k	-	12 Month CD
0.03%	$1k	-	30 Day CD
0.03%	$1k	-	90 Day CD
0.03%	$1k	-	182 Day CD

Chesapeake Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$100	-	3 Year IRA
0.20%	$100	-	3 Year Roth IRA
0.10%	$100	-	1 Year IRA
0.10%	$100	-	1 Year Roth IRA

Locations

Availability

Richmond Area

Richmond Area bank & credit union details

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