TowneBank is headquartered in Portsmouth and is the 7th largest bank in the state of Virginia. It is also the 151st largest bank in the nation. It was established in 1999 and as of December of 2016, it had grown to 2,120 employees at 37 locations. TowneBank has an A+ health rating.
|FDIC Certificate #||35095|
|Return on Assets - YTD||0.92%|
|Return on Equity - YTD||6.96%|
|Annual Interest Income||$254.9MM|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$7.97B$6.30B|
|Loans||Q4 2016vs Q4 2015||$6.08B$4.58B|
|Deposits||Q4 2016vs Q4 2015||$6.06B$4.93B|
|Equity Capital||Q4 2016vs Q4 2015||$1.08B$810.9MM|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$42.0MM$38.4MM|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$14.8MM$10.4MM|
|Real Estate Owned||Q4 2016vs Q4 2015||$24.5MM$34.4MM|
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