Applications / Mortgage Analytics / Lenders / Virginia / Chesapeake Bank
Kilmarnock, VA · State member bank · FRS · $1.7 billion assets · 144 loans in 2025
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144
loans originated, 2025
212
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Chesapeake Bank, of Kilmarnock, VA, is shrinking: its loan count fell 20% in 2025, while most banks of its size grew.
It made 144 loans, down from 181, while similar lenders, state member banks making between half and twice as many loans, grew 8%. Fewer than one in ten peers shrank more. The count has fallen every year since 2020, when it made 634. Fewer home sales in the counties it serves, or its own choices about which loans to make, could be reasons.
Its typical loan was $240,000, against $175,000 at peers, larger than at about three in four. Home purchases made up 63.9% of its loans and home improvement 11.8%. Every loan was conventional.
Majority-minority neighborhoods took 13.9% of its loans, against 4.9% at peers, up from 7.3% five years before. Low- and moderate-income (LMI) borrowers took 27.0%, close to peers' 27.4%. LMI neighborhoods took only 10.4%, against 16.7%; the mix of neighborhoods in the counties it serves is one possible reason.
All its lending is in Virginia, across 28 counties. In Virginia Beach-Chesapeake-Norfolk, NC-VA it ranked 89 of 577 lenders, with 0.2% of the market. In Richmond, VA it ranked 137 of 551, its share down to 0.1% from 0.2%, a slip that its smaller loan count could explain.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Chesapeake Bank took 212 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 63.9% · Refinance 18.8% · Home improvement 11.8% · Other 5.6%
Conventional 100.0% · of 144 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Virginia | 144 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Virginia Beach-Chesapeake-Norfolk | 69 |
| Richmond | 28 |
| Arlington-Alexandria-Reston | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900YJPIZ3RCMEM452 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 214722 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2214722 | 1994–2017 |
Established 1 January 1900. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Chesapeake Bank's data.
Chesapeake Bank's data
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Chesapeake Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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