Chesapeake Financial Shares Inc. announced that Craig Kelly has been elected to the company's board. Kelly, who is the managing director of Creekside Consultants, has served on the board of Chesapeake Investment Group since 2010.

Chesapeake Financial Shares Inc. reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported total interest income of $28,866,000 compared to $29,779,000 a year ago. Net interest income was $23,055,000 compared to $22,817,000 a year ago. Income before taxes was $9,700,000 compared to $8,879,000 a year ago. Net income was $7,676,000 or $2.32 diluted per share compared to $6,981,000 or $2.160 diluted per share a year ago. Book value per share was $18.80 against $15.67 a year ago. Cash flow provided by operating activities was $9,794,069,000 against $11,017,249,000 a year ago. Other capital expenditures were $1,238,433,000 against $1,337,876,000 a year ago. Return on average equity was 14.87% against 15.3% a year ago. Return on average assets was 1.19% against 1.13% a year ago.

Chesapeake Financial Shares Inc. announced that at January 18, 2013 Board meeting, the Board of Directors voted to hold dividends at $0.12 per share effective March 1, 2013. The Board felt this was prudent given two dividend increases in 2012.