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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 150th largest bank in the nation. It was established in 1999 and as of September of 2016, it had grown to 2,055 employees at 38 locations. TowneBank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #35095
Year Established1999
Employees2055
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD6.85%
Annual Interest Income$183.0MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$7.83B$6.17B
LoansQ3 2016vs Q3 2015$6.05B$4.43B
DepositsQ3 2016vs Q3 2015$6.17B$4.80B
Equity CapitalQ3 2016vs Q3 2015$1.07B$807.2MM
Loan Loss AllowanceQ3 2016vs Q3 2015$40.7MM$37.4MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$12.6MM$16.4MM
Real Estate OwnedQ3 2016vs Q3 2015$22.9MM$39.5MM
Rates

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Locations

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