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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 150th largest bank in the nation. It was established in 1999 and as of June of 2016, it had grown to 2,086 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 - YTD0.7%
Return on Equity - YTD5.37%
Annual Interest Income$111.1MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$7.94B$6.06B
LoansQ2 2016vs Q2 2015$6.00B$4.36B
DepositsQ2 2016vs Q2 2015$6.22B$4.71B
Equity CapitalQ2 2016vs Q2 2015$1.05B$794.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$39.6MM$37.3MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$15.0MM$15.6MM
Real Estate OwnedQ2 2016vs Q2 2015$25.7MM$46.2MM

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TowneBank has 35 locations. Click to view all TowneBank locations.