TowneBank
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Data as of · sourced from FFIEC call reports. How we update
TowneBank is an FDIC-insured commercial bank headquartered in Portsmouth, VA, established in 1999 (FDIC certificate 35095), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $22.62B, up 23.8% from Q2 2025, the 5th largest of 56 banks headquartered in Virginia. Its CET1 capital ratio was 12.16% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 35095
- Headquarters
- Portsmouth, VA
- Established
- 1999
- Total assets, Q2 2026
- $22.62B
- Assets vs Q2 2025
- +23.8%
- CET1 ratio, Q2 2026
- 12.16%
- Domestic offices
- 81 FDIC institution directory, current count
- Routing number
- 051408949
- Asset rank in state
- 5th of 56 in Virginia
TowneBank is one of the more profitable banks of its size. Its balance sheet stood at $22.6 billion at June 30, 2026, up 23.8% from a year earlier; it is based in Portsmouth, Virginia. It earns about $3.42 a year on every $100 of assets, 2.6 times the median of $1.32 for the 127 banks with $10 billion to $100 billion in assets. It also grew deposits 21.7% over the year, 3.8 times the median of 5.7% for banks its size. Much of that comes from cost control: it spends about 43 cents to bring in each dollar of revenue.
Concentration is the risk to watch: it holds commercial real estate loans worth 2.8 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
As of June 30, 2026, TowneBank reported a CET1 capital ratio of 12.16%, a return on assets of 3.42%, a nonperforming-loan ratio of 0.22% and a Texas ratio of 2.10%. The figures come from its call report filed with the FFIEC.
TowneBank ranks as the 5th largest of the 56 banks based in Virginia, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.2% to $22.62B, loans rose 0.3% and deposits rose 1.2%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 27.7% of total loans, ahead of 1-4 family residential loans at 21.2%. The FDIC Summary of Deposits lists 81 offices for it, in 45 cities across 4 states; its Virginia Beach 6 offices book 15% of its branch deposits. Judged on its Q2 2026 call report, TowneBank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 5716 High St W, Portsmouth, VA 23703
- County
- Portsmouth City
- Metro Area
- Virginia Beach-Chesapeake-Norfolk, VA-NC
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- April 8, 1999
- Domestic offices
- 81 FDIC institution directory, current count
- Employees (FTE)
- 2,783
- Domestic deposits
- $18.82B
- Allowance for credit losses
- $199.9M
- Net charge-offs (YTD)
- $7.4M
- Average total assets
- $22.57B
- Average total loans
- $15.45B
- Average interest-bearing deposits
- $12.80B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- April 8, 1999
- FDIC Cert
- 35095
- Fed RSSD
- 2797724
- Website
- www.townebank.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
TowneBank's total assets moved between a low of $16.68B (Q3 2023) and a high of $22.62B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$22.62B total assets against $18.26B; $19.62B total liabilities against $16.03B.
$15.28B net loans and leases against $12.46B; $18.82B total deposits against $15.47B.
$3.07B securities against $2.76B; $1.82B cash and balances due against $1.11B.
$260.7M total interest income against $207.7M; $75.5M total interest expense against $70.4M.
$185.2M net interest income against $137.3M.
$276.1M total noninterest income against $85.1M; $206.9M total noninterest expense against $165.7M.
$669K provision for credit losses against $6.3M.
$193.2M net income against $38.8M.
3.42% return on assets against 0.85%; 3.70% net interest margin against 3.39%.
12.16% CET1 capital ratio against 11.77%; 10.00% tier 1 leverage ratio against 9.93%.
Inside the full TowneBank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
TowneBank rankings
Its closest position to the top of a national ranking is 41 of 3,611, for ROA; its furthest is 1,654 of 2,134, for CET1 ratio.
Metric pages for TowneBank: ROA, Uninsured deposits.
Banks merged into TowneBank
- Dogwood State Bank, effective January 12, 2026
- The Old Point National Bank of Phoebus, effective September 1, 2025
- Village Bank, effective April 1, 2025
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.75% (Q1 2026) to 3.42% (Q2 2026) and its net interest margin ran from 2.93% (Q3 2024) to 3.70% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.16% | 3.42% | 0.22% | 2.10% | 3.70% |
| Q1 2026 | 11.43% | 0.75% | 0.23% | 2.38% | 3.56% |
| Q4 2025 | 11.34% | 0.83% | 0.09% | 0.74% | 3.62% |
| Q3 2025 | 11.18% | 0.83% | 0.07% | 0.60% | 3.53% |
| Q2 2025 | 11.77% | 0.85% | 0.07% | 0.51% | 3.39% |
| Q1 2025 | 12.75% | 1.17% | 0.06% | 0.38% | 3.12% |
| Q4 2024 | 12.77% | 0.94% | 0.07% | 0.50% | 3.03% |
| Q3 2024 | 12.63% | 1.00% | 0.06% | 0.41% | 2.93% |
Swipe the table sideways to see every column.
Branch Network
View all 81 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Norfolk Branch | Norfolk , VA | 23510 | $1.38B |
| Glenwood Branch | Raleigh , NC | 27612 | $1.16B |
| Greenbrier Branch | Chesapeake , VA | 23320 | $1.03B |
| Pavilion Center Ii Branch | Virginia Beach , VA | 23451 | $1.03B |
| Town Center Branch | Virginia Beach , VA | 23462 | $845.5M |
| Rexford Branch | Charlotte , NC | 28211 | $823.5M |
| Oyster Point Branch | Newport News , VA | 23602 | $811.0M |
| New Town Branch | Williamsburg , VA | 23188 | $698.7M |
| First Colonial Branch | Virginia Beach , VA | 23454 | $592.8M |
| TowneBank (main office) | Portsmouth , VA | 23703 | $573.1M |
| Six Forks Branch | Raleigh , NC | 27609 | $497.4M |
| Harbour View Financial Center Branch | Suffolk , VA | 23435 | $487.4M |
| Olde Towne Branch | Portsmouth , VA | 23704 | $444.5M |
| Downtown Hampton Branch | Hampton , VA | 23669 | $415.2M |
| Gateway Branch | Richmond , VA | 23219 | $369.1M |
| Chesterfield Branch | Chesterfield , VA | 23832 | $346.2M |
| Innsbrook Branch | Glen Allen , VA | 23060 | $342.7M |
| Southern Shores Branch | Southern Shores , NC | 27949 | $339.0M |
| Greenville Branch | Greenville , NC | 27858 | $316.1M |
| Cary Branch | Cary , NC | 27513 | $302.7M |
| Great Bridge Branch | Chesapeake , VA | 23322 | $290.4M |
| Green Valley Road Branch | Greensboro , NC | 27408 | $231.1M |
| Kempsville Branch | Virginia Beach , VA | 23464 | $230.7M |
| Moyock Branch | Moyock , NC | 27958 | $215.5M |
| Windsor Branch | Windsor , VA | 23487 | $213.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 12, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 12, 2026 | Structure Change | Acquired Dogwood State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 1, 2025 | M&A | Acquired Old Point Financial Corporation merger for the acquired bank | SEC |
| September 1, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 2025 | Structure Change | Acquired The Old Point National Bank of Phoebus Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 2025 | M&A | Acquired Village Bank and Trust Financial Corp. merger for the acquired bank | SEC |
| April 1, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2025 | Structure Change | Acquired Village Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 14, 2023 | M&A | Acquired Farmers Bankshares, Inc. merger for the acquired bank | SEC |
| January 14, 2023 | Structure Change | Acquired Farmers Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 13, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 27, 2018 | M&A | Acquired Paragon Commercial Corporation merger for the acquired bank | SEC |
| January 27, 2018 | Structure Change | Acquired Paragon Commercial Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 26, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 25, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 25, 2016 | Structure Change | Acquired Monarch Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 3, 2015 | Structure Change | Acquired Franklin Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 2, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 4, 2010 | Structure Change | Acquired The Bank of Currituck Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 3, 2010 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 20, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 20, 2004 | Structure Change | Acquired Harbor Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 22 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 4.1% of deposits in VA, rank 6 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 154 loans, $138.1M approved, $897K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 15 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about TowneBank
What are TowneBank's total assets?
As of the Q2 2026 filing, TowneBank reported total assets of $22.62 billion in its FFIEC call report.
Where is TowneBank headquartered?
It is headquartered in Portsmouth, VA, United States.
When was TowneBank founded?
It was established in 1999, per the FDIC institution directory.
Is TowneBank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #35095). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates TowneBank?
TowneBank's primary federal regulator is the FDIC.
What is TowneBank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.16% in its Q2 2026 call report, above regulatory requirements.
How many branches does TowneBank operate?
It operates 81 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is TowneBank's Texas Ratio?
Its Texas Ratio is 2.10% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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