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Overview / Commentary
5716 High Street
Portsmouth, VA 23703

TowneBank is headquartered in Portsmouth and is the 7th largest bank in the state of Virginia. It is also the 173rd largest bank in the nation. It was established in 1999 and as of March of 2016, it had grown to 1,450 employees at 38 locations. TowneBank has an A+ health rating.


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Health Grade Components

FDIC Certificate #35095
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD8.7%
Annual Interest Income$54.8MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$6.37B$5.83B
LoansQ1 2016vs Q1 2015$4.61B$3.99B
DepositsQ1 2016vs Q1 2015$4.98B$4.54B
Equity CapitalQ1 2016vs Q1 2015$826.9MM$783.2MM
Loan Loss AllowanceQ1 2016vs Q1 2015$37.8MM$35.9MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$9.1MM$8.2MM
Real Estate OwnedQ1 2016vs Q1 2015$29.7MM$51.7MM

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TowneBank has 36 locations. Click to view all TowneBank locations.