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Overview / Commentary
757-638-7500
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 December of 2016, it had grown to 2,120 employees at 37 locations. TowneBank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #35095
Year Established1999
Employees2120
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD6.96%
Annual Interest Income$254.9MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$7.97B$6.30B
LoansQ4 2016vs Q4 2015$6.08B$4.58B
DepositsQ4 2016vs Q4 2015$6.06B$4.93B
Equity CapitalQ4 2016vs Q4 2015$1.08B$810.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$42.0MM$38.4MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$14.8MM$10.4MM
Real Estate OwnedQ4 2016vs Q4 2015$24.5MM$34.4MM
Rates

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Locations

TowneBank has 34 locations. Click to view all TowneBank locations.