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Townebank
Portsmouth, VA · FDIC Certificate #35095 · Chartered 04/0
Total assets
$22.62B
Total deposits
$18.82B
Total equity
$3.00B
Net loans
$15.28B
Branches (offices)
81
Net income (YTD)
$234.18M
Rank: #94 of 4,213 U.S. banks by assets · #5 of 56 in Virginia. Assets changed 23.8% and deposits 21.7% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 2.17% |
| Return on equity | 16.91% |
| Net interest margin (YTD) | 3.77% |
| Equity to assets | 13.27% |
| Tier 1 leverage ratio | 10.00% |
| Uninsured deposits (share of deposits) | 48.0% |
| Noncurrent loans (share of loans) | 0.22% |
| Net charge-offs (share of loans) | 0.10% |
| Loans to deposits | 81.2% |
| Real estate loans (share of loans) | 80.4% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $12.28B | 80.4% | |
| Commercial & industrial | $1.68B | 11.0% | |
| Consumer / individual | $798.46M | 5.2% | |
| Construction & development | $1.32B | 8.6% | |
| Agricultural | $31.76M | 0.2% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $16.86B | $14.15B | $92.13M | $1.87B |
| Jun 2023 | $17.23B | $13.91B | $80.05M | $1.99B |
| Jun 2024 | $17.07B | $14.40B | $77.54M | $2.09B |
| Jun 2025 | $18.26B | $15.47B | $89.43M | $2.24B |
| Jun 2026 | $22.62B | $18.82B | $234.18M | $3.00B |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Virginia | $13.15B | 48 |
| North Carolina | $5.25B | 24 |
| South Carolina | $415.56M | 8 |
| Tennessee | $5.73M | 1 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $18.82B.
Similar-sized banks
Oceanfirst Bank, National Association ($23.17B) · Wilmington Savings Fund Society, FSB ($22.57B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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