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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 151st largest bank in the nation. It was established in 1999 and as of March of 2017, it had grown to 2,088 employees at 37 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 - YTD1.09%
Return on Equity - YTD8.12%
Annual Interest Income$70.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$8.17B$6.37B
LoansQ1 2017vs Q1 2016$6.08B$4.61B
DepositsQ1 2017vs Q1 2016$6.25B$4.98B
Equity CapitalQ1 2017vs Q1 2016$1.09B$826.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$43.2MM$37.8MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$12.4MM$9.1MM
Real Estate OwnedQ1 2017vs Q1 2016$24.2MM$29.7MM

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