Chesapeake Bank Of Maryland Mortgage Rates, Fees & Info

Baltimore, MD

LEI: 254900I5CDPSIU78UI40

Tax ID: 52-0374695

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Chesapeake Bank Of Maryland is a smaller bank specializing in Refi and Home Purchase loans. Chesapeake Bank Of Maryland has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Baltimore, Washington, Philadelphia, Salisbury, and Hagerstown among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Chesapeake Bank Of Maryland has an above average approval rate when compared to the average across all lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    174

    Origination Dollar Volume (All Markets)

    $54,400,000

    Employee count

    40

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 142 $43,760,000 $308,169 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 10 $4,220,000 $422,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $2,880,000 $288,000 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 8 $2,180,000 $272,500 $0 0.00%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $880,000 $440,000 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
    Chesapeake Bank Of Maryland's top markets include Baltimore, Washington, Philadelphia, Salisbury, and Hagerstown among others.

    Their top states include:
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 150 $46,950,000 $313,000 $0 0.00%
    FHA 13 $3,575,000 $275,000 $0 0.00%
    VA 10 $3,610,000 $361,000 $0 0.00%
    USDA 1 $265,000 $265,000 $0 0.00%

    For 2020, Chesapeake Bank Of Maryland's most frequently originated type of loan was Conventional, with 150 originations. Their 2nd most popular type was FHA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 80 $23,420,000 $292,750 $0 0.00%
    Home Purchase 71 $24,965,000 $351,620 $0 0.00%
    Cash Out Refi 23 $6,015,000 $261,522 $0 0.00%

    For 2020, Chesapeake Bank Of Maryland's most frequently cited loan purpose was Refi, with 80 originations. The 2nd most popular reason was Home Purchase, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 174 $54,400,000 $312,644 $0 0.00%

    For 2020, Chesapeake Bank Of Maryland's most frequently cited loan duration was Other, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 94 $28,290,000 $300,957 $0 0.00%
    $400k-600k 37 $17,645,000 $476,892 $0 0.00%
    $100k-200k 33 $5,005,000 $151,667 $0 0.00%
    $100,000 or less 6 $400,000 $66,667 $0 0.00%
    $600k-1MM 4 $3,060,000 $765,000 $0 0.00%

    2020 saw Chesapeake Bank Of Maryland place emphasis on $200k-400k loans with 94 originations, totaling $28,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 48 $15,700,000 $327,083 $0 0.00%
    $150k-250k 38 $14,690,000 $386,579 $0 0.00%
    $75k-100k 30 $9,080,000 $302,667 $0 0.00%
    $50k-75k 28 $5,420,000 $193,571 $0 0.00%
    $250k+ 14 $6,130,000 $437,857 $0 0.00%
    $50k or less 12 $2,410,000 $200,833 $0 0.00%

    Chesapeake Bank Of Maryland lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $150k-250k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 174 $54,400,000 $312,644 $0 0.00%

    Chesapeake Bank Of Maryland lent most frequently to those with DTI ratios of Exempt%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $36,790,000 $306,583 $0 0.00%
    Not provided 43 $14,365,000 $334,070 $0 0.00%
    Black 7 $2,255,000 $322,143 $0 0.00%
    Not applicable 3 $605,000 $201,667 $0 0.00%
    Asian 1 $385,000 $385,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.43%

    Chesapeake Bank Of Maryland has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 174 $54,400,000 $312,644

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 174 $54,400,000 $312,644

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Chesapeake Bank of Maryland 1 A Bel Air South Parkway Bel Air, MD 21015 Full Service B&M $17,597
    Chesapeake Bank of Maryland 2001 East Joppa Road Parkville, MD 21234 Full Service B&M $78,096
    Chesapeake Bank of Maryland 3820 Mountain Rd Pasadena, MD 21122 Full Service B&M $17,070
    Chesapeake Bank of Maryland 5424 Carville Avenue Halethorpe, MD 21227 Full Service B&M $65,274

    For 2020, Chesapeake Bank Of Maryland had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,766
    Net interest income $6,971
    Total noninterest income $1,431
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $112
    Trading account gains and fees $0
    Additional Noninterest Income $1,319
    Pre-tax net operating income $1,325
    Securities gains (or losses, -) $143
    Income before extraordinary items $1,017
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,017
    Minority interest net income $0
    Net income $1,017
    Sale, conversion, retirement of capital stock, net $1,146
    Net operating income $904

    Chesapeake Bank Of Maryland's gross interest income from loans was $8,766,000.
    Chesapeake Bank Of Maryland's net interest income from loans was $6,971,000.
    Chesapeake Bank Of Maryland's fee based income from loans was $112,000.
    Chesapeake Bank Of Maryland's net income from loans was $1,017,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,795
    Provision for credit losses $350
    Total noninterest expense $6,727
    Salaries and employee benefits $4,313
    Premises and equipment expense $432
    Additional noninterest expense $1,982
    Applicable income taxes $451
    Net charge-offs $2
    Cash dividends $0

    Chesapeake Bank Of Maryland's interest expense for loans was $1,795,000.
    Chesapeake Bank Of Maryland's payroll and benefits expense were $4,313,000.
    Chesapeake Bank Of Maryland's property, plant and equipment expenses $432,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $181,821
    Deposits held in domestic offices $181,821
    Deposits by Individuals, partnerships, and corporations $181,392
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $325
    Deposits by Commercial banks and other depository institutions in U.S. $104
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $59,347
    Demand deposits $33,561
    Nontransaction accounts $122,474
    Money market deposit accounts (MMDAs) $10,728
    Other savings deposits (excluding MMDAs) $27,807
    Total time deposits $83,939
    Total time and savings deposits $148,260
    Noninterest-bearing deposits $33,561
    Interest-bearing deposits $148,260
    Retail deposits $158,627
    IRAs and Keogh plan accounts $18,050
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $234,691
    Cash & Balances due from depository institutions $53,976
    Interest-bearing balances $53,177
    Total securities $16,544
    Federal funds sold & reverse repurchase $0
    Net loans and leases $154,653
    Loan and leases loss allowance $1,727
    Trading account assets $0
    Bank premises and fixed assets $1,754
    Other real estate owned $775
    Goodwill and other intangibles $0
    All other assets $6,989

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $234,691
    Total Liabilities $190,221
    Total deposits $181,821
    Interest-bearing deposits $148,260
    Deposits held in domestic offices $181,821
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,370
    Subordinated debt $0
    All other liabilities $1,030

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $154,653
    Loan and leases loss allowance $1,727
    Total loans and leases (domestic) $156,380
    All real estate loans $146,100
    Real estate loans in domestic offices $146,100
    Construction and development loans $16,137
    Residential 1-4 family construction $8,487
    Other construction, all land development and other land $7,650
    Loans secured by nonfarm nonresidential properties $51,173
    Nonfarm nonresidential secured by owner-occupied properties $14,158
    Commercial real estate & other non-farm, non-residential $37,015
    Multifamily residential real estate $7,915
    1-4 family residential loans $70,875
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $10,198
    To non-U.S. addressees $0
    Loans to individuals $335
    Credit card loans $0
    Related Plans $7
    Consumer Auto Loans $88
    Other loans to individuals $240
    All other loans & leases $2
    Loans to foreign governments and official institutions $0
    Other loans $2
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $36
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Chesapeake Bank of Maryland had $154,653,000 of loans outstanding in 2020. $146,100,000 of loans were in real estate loans. $16,137,000 of loans were in development loans. $7,915,000 of loans were in multifamily mortgage loans. $70,875,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $88,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 63 $22,333 $354,492
    Nonfarm, nonresidential loans - <$100k 4 $174 $43,500
    Nonfarm, nonresidential loans - $100-250k 13 $1,837 $141,308
    Nonfarm, nonresidential loans - $250k-1MM 46 $20,322 $441,783
    Commercial & Industrial, US addressed loans - <$1MM 81 $5,684 $70,173
    Commercial & Industrial, US addressed loans - <$100k 58 $1,503 $25,914
    Commercial & Industrial, US addressed loans - $100-250k 9 $775 $86,111
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $3,406 $243,286