Chesapeake Bank in Kilmarnock, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Chesapeake Bank in Kilmarnock, Virginia (VA)
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Chesapeake Bank - Overview

  • General
  • FDIC Certificate #: 6862
    Status: Active
    Federal Reserve ID: 214722
    Bank Holding Company (Regulatory Top Holder): Chesapeake Financial Shares, Inc. (RSSDID: 1075881, Location: Kilmarnock, VA)
    Date Established: January 01, 1900
    WWW: http://www.chesbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 11388
    FDIC's unique #: 4612
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 97 North Main Street, Kilmarnock, VA 22482
    County: Lancaster
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $633.1 mil
    Equity capital: $63.4 mil
    Deposits held in domestic offices: $541.7 mil
    Return on assets (ROA): 1.29% ($8.2 mil)
    Quarterly return on assets: 1.14% ($7.2 mil)
    Return on Equity (ROE): 13.43% ($8.5 mil)
    Quarterly return on equity: 11.41% ($7.2 mil)
    Net income: $7.9 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 1.66% ($10,509.9 mil)
    Quarterly Pretax return on assets: 1.34% ($8,483.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 185Total employees (full-time equivalent)
  • $633,128Total assets
  • $36,886Cash and due from depository institutions
  • $26,555Interest-bearing balances
  • $186,637Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $366,122Net loans & leases
  • $7,514Loan loss allowance
  • $0Trading account assets
  • $13,765Bank premises and fixed assets
  • $5,331Other real estate owned
  • $0Goodwill and other intangibles
  • $633,128Life insurance assets
  • $24,387All other assets
  • $569,686Total liabilities and capital
  • $541,725Total liabilities
  • $463,704Total deposits
  • $541,725Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,902Trading liabilities
  • $0Other borrowed funds
  • $5,059Subordinated debt
  • $63,442All other liabilities
  • $63,442Total equity capital
  • $63,442Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $5,452Surplus
  • $55,990Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $511Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,423Income earned, not collected on loans
  • $0Earning assets
  • $2,926Long-term assets (5+ years)
  • $579,314Average Assets, year-to-date
  • $327,387Average Assets, quarterly
  • $615,094Volatile liabilities
  • $630,013Insider loans
  • $512,531FHLB advances
  • $627,554Loans and leases held for sale
  • $11,856Unused loan commitments
  • $10,129Tier 1 (core) risk-based capital
  • $60,172Tier 2 risk-based capital
  • $164Total risk weighted assets
  • $1,563Total unused commitments
  • $95,340Restructured Loans and leases
  • $8,159Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $33,181Total interest income
  • $6,080Total interest expense
  • $27,101Net interest income
  • $1,309Provision for loan and lease losses
  • $8,412Total noninterest income
  • $349Fiduciary activities
  • $1,438Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,625Additional noninterest income
  • $23,433Total noninterest expense
  • $11,578Salaries and employee benefits
  • $2,756Premises and equipment expense
  • $9,099Additional noninterest expense
  • $10,771Pre-tax net operating income
  • -$546Securities gains (losses)
  • $2,301Applicable income taxes
  • $7,924Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,924Net income attributable to bank
  • $0Net charge-offs
  • $7,924Cash dividends
  • $1,056Sale, conversion, retirement of capital stock, net
  • $2,346Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.87%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 4.80%Net interest margin
  • 1.49%Noninterest income to earning assets
  • 4.15%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 13.43%Return on equity (ROE)
  • 9.46%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 123.96%Credit loss provision to net charge-offs
  • 11.44%Efficiency ratio
  • 65,984Assets per employee
  • 3.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.61%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 310.11%Noncurrent assets plus other real estate owned to assets
  • 1.22%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 67.58%Net loans and leases to core deposits
  • 79.76%Equity capital to assets
  • 10.02%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 11.74%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $615,094Average earning assets
  • $58,983Average equity
  • $564,811Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $118,968Managed Assets
  • 1Number of Accounts
  • $118,968Personal trust and agency accounts
  • $118,960Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $8Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 17837Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 13 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04612Chesapeake Bank97 North Main Street, Kilmarnock, VA 22482January 01, 1900Full Service Brick and Mortar
    2212409Irvington Branch98 King Carter Drive, Irvington, VA 22480April 29, 1968Full Service Brick and Mortar
    3212410Lively Branch2824 White Chapel Rd, Lancaster, VA 22503April 29, 1968Full Service Brick and Mortar
    8212415Mathews Branch10839 Buckley Hall Rd, Mathews, VA 23109March 03, 1980Full Service Brick and Mortar
    10212417Westminster-Canterbury Branch10 Lancaster Drive, Irvington, VA 22480August 01, 1985Full Service Retail
    11212418Hayes Branch3029 George Washington Memorial Hwy, Hayes, VA 23072Febuary 18, 1988Full Service Brick and Mortar
    12212419Gloucester Branch6793 George Washington Memorial Hwy, Gloucester, VA 23061October 26, 1989Full Service Brick and Mortar
    15212422Five Forks Branch4492 John Tyler Highway, Williamsburg, VA 23185April 20, 1995Full Service Brick and Mortar
    17212424Lafayette Branch1229 Lafayette Street, Williamsburg, VA 23185June 19, 1998Full Service Brick and Mortar
    18212425Chesapeake Bank Operations Center35 School Street, Kilmarnock, VA 22482October 19, 1998Limited Service Administrative
    19442373Lightfoot Branch6619 Richmond Road, Williamsburg, VA 23188April 29, 2005Full Service Brick and Mortar
    20442374Williamsburg Landing Branch5700 Williamsburg Landing Drive, Williamsburg, VA 23185June 06, 2005Full Service Retail
    21478332Www.Clearskyaccounts.com35 School Street, Kilmarnock, VA 22482May 01, 2008Full Service Cyber

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