Chesapeake Bank

Overview / Commentary

804-435-1181

97 North Main Street
Kilmarnock, VA 22482

Chesapeake Bank is headquartered in Kilmarnock and is the 23^rd largest bank in the state of Virginia. It is also the 766^th largest bank in the nation. It was established in 1900 and as of June of 2022, it had grown to 236 employees at 18 locations. Chesapeake Bank has an A health rating.

View all posts from:

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 Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	6862
Year Established	1900
Employees	236
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.28%
Return on Equity - YTD	14.1%
Annual Interest Income	$23.9MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$1.34B$1.29B
Loans	Q2 2022vs Q2 2021	$724.0MM$629.7MM
Deposits	Q2 2022vs Q2 2021	$1.19B$1.09B
Equity Capital	Q2 2022vs Q2 2021	$104.2MM$145.0MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$8.9MM$9.7MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$2.2MM$2.4MM
Real Estate Owned	Q2 2022vs Q2 2021	$1.1MM$2.7MM

Rates

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Savings
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
0.15%	$25	-	Youth Savings
0.15%	$100	-	Totally Free Savings
0.15%	$100	-	Solo Savings

Chesapeake Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.45%^*	$1m^*	-	Money Market Account
OTHER TIERS: 0.05% → $1k+ \| 0.30% → $25k - $100k \| 0.35% → $100k - $500k \| 0.40% → $500k - $1m

Chesapeake Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$50k^*	-	myChecking 3
OTHER TIERS: 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.10%	$2k	-	myChecking 2

Chesapeake Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%	$1k	-	7 Month CD
2.90%	$1k	-	19 Month CD
2.75%	$1k	-	37 Month CD
0.95%	$1k	-	5 Year CD
0.80%	$1k	-	3 Year CD
0.70%	$1k	-	2 Year CD
0.65%	$1k	-	18 Month CD
0.55%	$1k	-	12 Month CD
0.45%	$1k	-	182 Day CD
0.20%	$1k	-	30 Day CD
0.20%	$1k	-	90 Day CD

Chesapeake Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$100	-	3 Year IRA
0.80%	$100	-	3 Year Roth IRA
0.55%	$100	-	1 Year IRA
0.55%	$100	-	1 Year Roth IRA

Locations

Availability

Richmond Area

Richmond Area bank & credit union details

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