TowneBank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
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%, according to its call report filed with the FFIEC.
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
- Offices
- 81 domestic
- 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
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full TowneBank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock TowneBank, 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
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.16% | 3.42% | 0.40% | 2.10% | 3.70% |
| Q1 2026 | 11.43% | 0.75% | 0.40% | 2.38% | 3.56% |
| Q4 2025 | 11.34% | 0.83% | 0.29% | 0.74% | 3.62% |
| Q3 2025 | 11.18% | 0.83% | 0.46% | 0.60% | 3.53% |
| Q2 2025 | 11.77% | 0.85% | 0.54% | 0.51% | 3.39% |
| Q1 2025 | 12.75% | 1.17% | 0.47% | 0.38% | 3.12% |
| Q4 2024 | 12.77% | 0.94% | 0.53% | 0.50% | 3.03% |
| Q3 2024 | 12.63% | 1.00% | 0.33% | 0.41% | 2.93% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 81 branches →
| 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
What the public regulatory sources show for TowneBank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 4.1% of deposits in VA, rank 6 of 105 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- 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.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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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. All figures come directly from the bank's quarterly Schedule RC filing.
Where is TowneBank headquartered?
TowneBank is headquartered in Portsmouth, VA, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was TowneBank founded?
TowneBank was established in 1999, per the FDIC institution directory.
Is TowneBank FDIC-insured?
Yes. TowneBank 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. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is TowneBank's CET1 capital ratio?
TowneBank 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?
TowneBank 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?
TowneBank's Texas Ratio is 2.10% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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