TowneBank
TowneBank reported total assets of $22.6 bn at Q2 2026, up 23.8% on a year earlier, the 94th largest of 497 banks in our US coverage. The CET1 capital ratio at TowneBank was 12.16%, and the uninsured share of TowneBank was 47.97%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), TowneBank climbed from 388th to 83rd among 500 US banks between and (1 = highest; FDIC Call Reports).
- Since , TowneBank has taken over 6 institutions; the latest was Dogwood State Bank on (FDIC Call Reports).
- TowneBank has one of the highest return on assets (ROA) readings among banks of $10 bn to $100 bn: 2.17% at , against a median of 1.25% across 126 banks (FDIC Call Reports).
What sets TowneBank apart
How large is TowneBank?
The balance sheet of TowneBank at : assets $22.6 bn, deposits $18.8 bn, net loans $15.3 bn (loans equal to 81.18% of deposits). Securities make up 13.6% of total assets at TowneBank. Since , when TowneBank held $6.4 bn, its assets grew 255.3%. In the year to , deposits at TowneBank rose 21.7% while its total assets rose 23.8%. At , TowneBank employed 2,783 full-time equivalent staff across 81 offices, about $8.1 mn of assets per employee and $232.4 mn of deposits per office.
How much funding at TowneBank is uninsured?
At TowneBank, uninsured deposits (above the FDIC limit) made up 47.97% of domestic deposits at (-0.90 pp on a year earlier); TowneBank ranks 99th of 500 on this measure. In dollars, TowneBank estimated $9.0 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $18.8 bn | +21.7% | 94th of 499 |
| Net loans and leases | $15.3 bn | +22.6% | 92nd of 500 |
| Loan-to-deposit ratio | 81.18% | +0.60 pp | 328th of 500 |
| Tier 1 leverage ratio | 10.00% | +0.07 pp | 296th of 500 |
| Total risk-based capital ratio | 14.63% | +0.15 pp | 202nd of 448 |
| Net interest margin | 3.77% | +0.57 pp | 211th of 500 |
| Return on assets (ROA) | 2.17% | +1.19 pp | 31st of 500 |
| Efficiency ratio | 56.11% | -14.52 pp | 257th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $1.7 mn | Narrowed by $3.2 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $86.2 mn | Narrowed by $28.5 mn | |
| Noncurrent loans to total loans | 0.22% | +0.15 pp | 69th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.10% | +0.09 pp | 265th of 500 (1 = lowest) |
US rank of TowneBank: 1 = highest unless marked 1 = lowest.
Balance sheet
TowneBank: assets, deposits and loans
- Total assets $22.6bn
- Deposits $18.8bn
- Net loans $15.3bn
Capital and securities
The CET1 ratio of TowneBank stood at 12.16% in , +0.39 pp year on year. Low and high at TowneBank since : 11.18% () to 12.77% (). Equity capital of TowneBank at : $3.0 bn, or 13.2% of total assets. TowneBank also reported a total capital ratio of 14.63% for , and a tier 1 leverage ratio of 10.00%.
On held-to-maturity securities, TowneBank carried an unrealized loss of $1.7 mn at , equal to 0.1% of equity capital. The loss narrowed by $3.2 mn over the year. Its deepest point: $31.0 mn in . The available-for-sale portfolio of TowneBank showed an unrealized loss of $86.2 mn at ; the loss narrowed by $28.5 mn over the year.
TowneBank: capital ratios
- Total capital 15%
- CET1 12%
- Tier 1 leverage 10.0%
TowneBank: unrealized securities gains and losses
- Available for sale -$86mn
- Held to maturity -$2mn
Profitability and loan quality
For the year to , TowneBank earned a return on equity of 16.91%; return on assets: 2.17%. Net interest margin at TowneBank: 3.77%, +0.57 pp in a year. TowneBank net income: $234.2 mn, up 161.9% year on year. The efficiency ratio of TowneBank was 56.11%: about 56 cents cost per revenue dollar, against 56 cents at the median peer.
At , noncurrent loans were 0.22% of total loans at TowneBank; net charge-offs: 0.10% of average loans. Gross loans and leases at TowneBank: $15.5 bn, up 22.9% in a year.
TowneBank: profitability
- Return on equity 17%
- Net interest margin 3.8%
- Return on assets 2.2%
Peer group of TowneBank
The peer group of TowneBank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of TowneBank (state nonmember bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in Virginia. Against them, TowneBank shows CET1 ratio 12.16% against a peer median of 13.10%, return on equity 16.91% against a peer median of 11.30% and uninsured deposit share 47.97% against a peer median of 46.67%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bank of Hawaii | State member bank | HI | $23.8 bn | 13.92% | 13.92% | 47.22% | |
| First Hawaiian Bank | State nonmember bank | HI | $23.6 bn | 13.23% | 10.74% | 54.71% | |
| OceanFirst Bank | National bank | NJ | $23.2 bn | 12.96% | 2.90% | 51.83% | |
| TowneBank | State nonmember bank | VA | $22.6 bn | 12.16% | 16.91% | 47.97% | |
| Wilmington Savings Fund Society, FSB | Federal savings bank | DE | $22.6 bn | 13.77% | 13.22% | 46.12% | |
| First Financial Bank | State member bank | OH | $22.4 bn | 12.77% | 11.86% | 41.88% | |
| Beacon Bank and Trust | State member bank | MA | $22.2 bn | 11.77% | 9.41% | 38.34% | |
. FDIC Call Reports.
Last eight quarters
Two years at TowneBank, to : assets +31.6%, deposits +30.1%, equity +39.5%. Staff 2,589 to 2,783; offices 53 to 81.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $17.2 bn | $17.2 bn | $17.5 bn | $18.3 bn | $19.7 bn | $19.7 bn | $22.4 bn | $22.6 bn |
| Total deposits | $14.5 bn | $14.5 bn | $14.8 bn | $15.5 bn | $16.6 bn | $16.6 bn | $18.6 bn | $18.8 bn |
| Bank equity capital | $2.1 bn | $2.1 bn | $2.2 bn | $2.2 bn | $2.4 bn | $2.4 bn | $2.9 bn | $3.0 bn |
| CET1 ratio | 12.63% | 12.77% | 12.75% | 11.77% | 11.18% | 11.34% | 11.43% | 12.16% |
| Return on equity (ROE) | 7.73% | 7.74% | 9.33% | 7.96% | 7.50% | 7.33% | 6.17% | 16.91% |
| Uninsured share of domestic deposits | 47.17% | 48.51% | 48.57% | 48.87% | 46.28% | 47.46% | 46.17% | 47.97% |
| Full-time equivalent employees | 2,589 | 2,590 | 2,577 | 2,724 | 2,916 | 2,847 | 3,014 | 2,783 |
| Number of offices | 53 | 53 | 55 | 59 | 69 | 69 | 83 | 81 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of TowneBank, oldest first; figures before and after each event are not like for like.
- . Absorbed Monarch Bank (FDIC certificate 34945).
- . Absorbed Paragon Commercial Bank (FDIC certificate 35100).
- . Absorbed Farmers Bank (FDIC certificate 2429).
- . Absorbed Village Bank (FDIC certificate 35111).
- . Absorbed The Old Point National Bank of Phoebus (FDIC certificate 6892).
- . Absorbed Dogwood State Bank (FDIC certificate 57095).
Questions and identifiers
What were the total assets of TowneBank?
TowneBank reported $22.6 bn at in its Call Report. That makes TowneBank the 94th largest of 497 banks in our US coverage.
Is TowneBank profitable?
TowneBank reported net income of $234.2 mn for the year to ; annualized return on equity: 16.91%. So yes: TowneBank made a profit over these months.
When is data for TowneBank next updated?
Figures from TowneBank for are due after .
Where can I check the figures for TowneBank?
In the FDIC BankFind Suite record for certificate 35095, and in the Call Reports of TowneBank (RSSD ID 2797724) at the FFIEC Central Data Repository.