Chesapeake Financial Shares, parent company of both Chesapeake Bank and Chesapeake Wealth Management, earned $2,050,676 in the second quarter of 2020, a 37 percent decrease for the same quarter last year, according to chairman of the board and CEO Jeffrey M. Szyperski. The components of the decrease were driven by the second quarter slowdown in both the merchant services and receivables financing divisions of 30 and 48 percent, respectively, Szyperski said. Standalone bank operations reflected an 11 percent increase in net interest income in the second quarter of 2020 as compared to the prior year’s second quarter. The reported earnings per share were $0.416 fully diluted compared to $0.659 fully diluted for the second quarter of 2019. The bank’s total assets grew 16 percent from Dec. 31, 2019 to $1,114,791,000, of which approximately half was due to Paycheck Protection Program loans closed as part of the CARES Act. The bank has received $2,960,917 in fee income from processing these l...