2. Chesapeake Bank

Chesapeake Bank


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

Chesapeake Bank is headquartered in Kilmarnock and is the 23rd largest bank in the state of Virginia. It is also the 852nd largest bank in the nation. It was established in 1900 and as of June of 2019, it had grown to 210 employees at 17 locations. Chesapeake Bank's money market rates are 3X the national average, and it has an A health rating.

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Health
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #6862
Year Established1900
Employees210
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.47%
Return on Equity - YTD13.34%
Annual Interest Income$20.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$930.7MM$803.4MM
LoansQ2 2019vs Q2 2018$565.0MM$520.6MM
DepositsQ2 2019vs Q2 2018$820.7MM$691.7MM
Equity CapitalQ2 2019vs Q2 2018$102.5MM$89.3MM
Loan Loss AllowanceQ2 2019vs Q2 2018$7.0MM$6.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$6.7MM$5.1MM
Real Estate OwnedQ2 2019vs Q2 2018$2.3MM$2.7MM
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
0.35%--Christmas Club Rate
0.15%--Totally Free Savings
0.10%--Solo Savings
0.05%--Youth Savings

Chesapeake Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$1k-Money Market Account

Chesapeake Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*-myChecking 3
OTHER TIERS: 0.20% → $10k - $25k | 0.30% → $25k - $50k
0.15%$2k-myChecking 2

Chesapeake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$1k-5 Year CD
1.90%$1k-37 Month CD
1.75%$1k-19 Month CD
1.60%$1k-7 Month CD
1.25%$1k-3 Year CD
0.95%$1k-2 Year CD
0.70%$1k-18 Month CD
0.60%$1k-12 Month CD
0.50%$1k-182 Day CD
0.20%$1k-30 Day CD
0.20%$1k-90 Day CD

Chesapeake Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$100-3 Year IRA
1.75%$100-3 Year Roth IRA
1.25%$100-1 Year IRA
1.25%$100-1 Year Roth IRA
Locations

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