Towne Bank

Towne Bank is headquartered in Portsmouth and is the 6^th largest bank in the state of Virginia. It is also the 193^rd largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 1,137 employees at 28 locations. Towne Bank has a 4-star health rating.

Data for Q1 2012

Institution Statistics Towne Bank FDIC Certificate # 35095 BankRate Report View Year Established 1999 Employees 1137 Primary Regulator FDIC Assets and Liabilities Assets $4.14 billion Loans $2.94 billion Deposits $3.26 billion Equity Capital $533.45 million Loan Loss Allowance $40.03 million Unbacked Noncurrent Loans $58.58 million Real Estate Owned $32.21 million Historic Data - March 2011 Assets $3.97 billion Equity Capital $498.52 million Loan Loss Allowance $40.02 million Unbacked Noncurrent Loans $73.49 million Real Estate Owned $23.62 million Profit Margin - Quarterly Net Interest Margin 3.81% Return on Assets 0.92% Return on Equity 7.21% Interest Income $42.43 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Towne Bank had $90.79 million in non-current loans and owned real-estate with $573.48 million in equity and loan loss allowances on hand to cover it. This gives Towne Bank a Texas Ratio of 15.83% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Towne Bank held steady from 18.03% as of March 31, 2011 to 15.83% as of March 31, 2012, resulting in a positive change of 12.20%.This indicates that the balance sheet and financial strength for Towne Bank has held steady in recent periods. Deposit Growth In the past year, Towne Bank has increased its total deposits by $197.08 million, resulting in 6.42% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Towne Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Towne Bank has $4.14 billion in assets with $573.48 million in equity, resulting in a capitalization level of 13.84%, which is excellent.

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