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 2017, it had grown to 2,156 employees at 38 locations. TowneBank has an A+ health rating.
|FDIC Certificate #||35095|
|Return on Assets - YTD||1.18%|
|Return on Equity - YTD||8.83%|
|Annual Interest Income||$148.9MM|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$8.43B$7.94B|
|Loans||Q2 2017vs Q2 2016||$6.29B$6.00B|
|Deposits||Q2 2017vs Q2 2016||$6.65B$6.22B|
|Equity Capital||Q2 2017vs Q2 2016||$1.11B$1.05B|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$44.1MM$39.6MM|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$10.1MM$15.0MM|
|Real Estate Owned||Q2 2017vs Q2 2016||$25.9MM$25.7MM|
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