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  2. Chesapeake Bank

Chesapeake Bank


Overview / Commentary
ches.bank
804-435-1181
97 North Main Street
Kilmarnock, VA 22482

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.

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Health
B+

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #6862
Year Established1900
Employees241
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD15.89%
Annual Interest Income$14.2MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$1.33B$1.34B
LoansQ1 2023vs Q1 2022$787.4MM$710.8MM
DepositsQ1 2023vs Q1 2022$1.17B$1.16B
Equity CapitalQ1 2023vs Q1 2022$106.9MM$120.2MM
Loan Loss AllowanceQ1 2023vs Q1 2022$9.6MM$8.5MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$3.1MM$2.1MM
Real Estate OwnedQ1 2023vs Q1 2022$971.00K$1.1MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$25-Youth Savings
0.25%$100-Totally Free Savings
0.25%$100-Solo Savings
0.15%$10-Christmas Club Rate

Chesapeake Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$1m*-Money Market Account
OTHER TIERS: 0.15% → $1k+ | 0.95% → $25k - $100k | 1.05% → $100k - $500k | 1.15% → $500k - $1m

Chesapeake Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-myChecking 3
OTHER TIERS: 0.20% → $10k - $25k | 0.25% → $25k - $50k
0.20%$2k-myChecking 2

Chesapeake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-7 Month CD
4.75%$1k-13 Month CD
3.30%$1k-37 Month CD
1.05%$1k-5 Year CD
1.00%$1k-3 Year CD
0.90%$1k-2 Year CD
0.85%$1k-18 Month CD
0.75%$1k-12 Month CD
0.40%$1k-30 Day CD
0.40%$1k-90 Day CD
0.40%$1k-182 Day CD

Chesapeake Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW 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
Locations

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