Community Bank of the Chesapeake

Headquarters

3035 Leonardtown Road
Waldorf, MD 20601
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.20% 0.85% →
2-Year CD 0.30% 0.95% →
5-Year CD 0.60% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Community Bank of the Chesapeake is an FDIC insured institution located in Waldorf, MD. It was founded in 1950 and has approximately $1.83 billion in assets. Customers can open an account at one of its 20 branches.

FDIC Insured Yes
FDIC Certificate # 30903
Date Established 1950
Assets $ 1,825.07 million
Loans $ 1,477.18 million
Deposits $ 1,515.80 million
Capital $ 193.74 million
 

For a more detailed analysis of Community Bank of the Chesapeake's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.30% $100,000 $199,999 Learn More
30 Mo CD
0.30% $10,000 $14,999 Learn More
30 Mo CD
0.30% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.60% $10,000 $14,999 Learn More
60 Mo CD
0.60% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Community Bank of the Chesapeake

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.686% 2.625% 0.63 $2,008 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.556% 2.500% 0.75 $1,852 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Community Bank of the Chesapeake
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Community Bank of the Chesapeake branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Community Bank of the Chesapeake Locations


Financial Details

Community Bank of the Chesapeake Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Bank of the Chesapeake. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Community Bank of the Chesapeake U.S. Bank Average
11.38% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Community Bank of the Chesapeake had $17,420,000 in non-current loans and $6,338,000 in owned real estate. To cover these potential losses it had $193,741,000 in equity and $15,061,000 in loans loss reserves. That gives it a Texas Ratio of 11.38%.

Return on Equity
Community Bank of the Chesapeake U.S. Bank Average
7.04% 7.80%

Community Bank of the Chesapeake has a Return on Equity of 7.04% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Community Bank of the Chesapeake U.S. Bank Average
10.62% 12.68%

Community Bank of the Chesapeake has a Capitalization of 10.62% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Community Bank of the Chesapeake Balance Sheet Analysis

As of March 31, 2020, Community Bank of the Chesapeake had assets of $1,825,070,000, loans of $1,477,177,000, and deposits of $1,515,795,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 26.09 million
Interest-bearing balances $ 13.37 million
Total securities $ 218.68 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,477.18 million
Loan loss allowance $ 15.06 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.34 million
Goodwill and other intangibles $ 12.80 million
All other assets $ 53.99 million
     Total Assets $ 1,631.33 million
LIABILITIES
Total deposits $ 1,515.80 million
      Interest-bearing deposits $ 1,257.56 million
      Deposits held in domestic offices $ 1,515.80 million
      % insured (estimated) 82.82%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 94.35 million
Subordinated debt N.A.
All other liabilities $ 21.18 million
      Total Liabilities $ 1,631.33 million
      Shareholders’ Equity $ 193.74 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 18.53 million
Total Interest Expense $ 3.38 million
Net interest income $ 15.15 million
Provision for loan and lease losses $ 4.10 million
Total non interest income $ 1.23 million
Total non interest expense $ 9.05 million
Pre-tax Net Operating Income $ 3.23 million

Bank Loan Profile?

The top three loan types in Community Bank of the Chesapeake’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Maryland, Community Bank of the Chesapeake has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.37
Multifamily
Mortgages
2.24
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 9.21
Construction and Development Loans 10.73
Commercial Real Estate 56.76
Commercial and Industrial Loans 6.87
Farm Loans 0.07

Frequently Asked Questions About Community Bank Of The Chesapeake

Branches and Savings

Is Community Bank Of The Chesapeake FDIC insured?

Yes. It is covered under FDIC Certificate #30903.

Why does Community Bank Of The Chesapeake pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Community Bank Of The Chesapeake CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Community Bank Of The Chesapeake a commercial bank?

Yes

Where are Community Bank Of The Chesapeake locations?

See branch locations nearby.

Is Community Bank Of The Chesapeake open on Saturdays?

Is Community Bank Of The Chesapeake open on Sundays?

What time does Community Bank Of The Chesapeake open?

What time does Community Bank Of The Chesapeake close?

Are Community Bank Of The Chesapeake ATMs Open 24/7?

Do Community Bank Of The Chesapeake ATMs accept cash deposits?

Can Community Bank Of The Chesapeake customers use other ATMs?

Do Community Bank Of The Chesapeake branches have notaries?

Will Community Bank Of The Chesapeake notarize my document?

What address for Community Bank Of The Chesapeake should I put for incoming ACH transfers?

Will the Community Bank Of The Chesapeake branch print checks?

Do Community Bank Of The Chesapeake checks expire?

Does Community Bank Of The Chesapeake require US citizenship to open account?

Can Community Bank Of The Chesapeake close my account?

Does Community Bank Of The Chesapeake Report to credit bureaus?

Does Community Bank Of The Chesapeake Use Equifax?

What is Community Bank Of The Chesapeake's ACH Routing Number?

What is Community Bank Of The Chesapeake's SWIFT code?

Products

Does Community Bank Of The Chesapeake offer mortgages?

Compare mortgage rates here.

Does Community Bank Of The Chesapeake offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Community Bank Of The Chesapeake offer personal loans?

Compare personal loan rates here.

Does Community Bank Of The Chesapeake offer student loans?

Will Community Bank Of The Chesapeake cash a check?

Will Community Bank Of The Chesapeake redeem a savings bond?

Does Community Bank Of The Chesapeake cash savings bonds?

Will Community Bank Of The Chesapeake cash money orders?

Can Community Bank Of The Chesapeake issue a money order?

Does Community Bank Of The Chesapeake do currency exchange?

Background on The Bank

Who owns Community Bank Of The Chesapeake?

How long has Community Bank Of The Chesapeake been around?

Can Community Bank Of The Chesapeake transfer to other banks?

Does Community Bank Of The Chesapeake have quick pay?

Does Community Bank Of The Chesapeake accept rolled coins?

Will Community Bank Of The Chesapeake accept loose change?

Where is Community Bank Of The Chesapeake headquarters?

Customer Reviews for Community Bank of the Chesapeake

There are currently no comments for Community Bank of the Chesapeake. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →