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 883rd largest bank in the nation. It was established in 1900 and as of March of 2019, it had grown to 201 employees at 17 locations. Chesapeake Bank's money market rates are 4X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #6862
Year Established1900
Employees201
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.44%
Return on Equity - YTD13.06%
Annual Interest Income$10.0MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$889.8MM$793.2MM
LoansQ1 2019vs Q1 2018$551.1MM$512.3MM
DepositsQ1 2019vs Q1 2018$783.3MM$688.5MM
Equity CapitalQ1 2019vs Q1 2018$98.4MM$87.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$6.8MM$6.4MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$7.0MM$4.7MM
Real Estate OwnedQ1 2019vs Q1 2018$2.6MM$3.2MM
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
1.75%$1k-Money Market Account

Chesapeake Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-myChecking 3
OTHER TIERS: 0.35% → $10k - $25k | 0.45% → $25k - $50k
0.25%$2k-myChecking 2

Chesapeake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$1k-5 Year CD
2.15%$1k-37 Month CD - One Time Bump
2.00%$1k-19 Month CD - One Time Bump
1.85%$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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