TowneBank

Headquarters

5716 High St W
Portsmouth, VA 23703
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ACH 51405670

Notable Rates	APY	Vs.Others
Savings	0.02%	4.45% →
1-Year CD	0.10%	4.59% →
2-Year CD	0.20%	4.00% →
5-Year CD	0.20%	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Deposit Rates
Loan Rates
Branches
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Financial Details
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2025 Overview

General Bank Information

TowneBank is an FDIC insured institution located in Portsmouth, VA. It was founded in 1999 and has approximately $18.26 billion in assets. Customers can open an account at one of its 44 branches.


FDIC Insured	Yes
FDIC Certificate	# 35095
Date Established	1999
Assets	$ 18.26 billion
Loans	$ 12.46 billion
Deposits	$ 15.47 billion
Capital	$ 2.24 billion

For a more detailed analysis of TowneBank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 24, 2025

Your Current Location: North Carolina, NC 10007

Savings and Money Market Rates	APY	MIN	MAX
Savings	0.02%	$2,500	$4,999	Learn More Reviews
Money Market	0.01%	$2,500	$2,999	Learn More Reviews
Money Market	0.02%	$10,000	$14,999	Learn More Reviews
Money Market	0.03%	$25,000	$29,999	Learn More Reviews
Premium Money Market Account	0.01%	$10,000	$14,999	Learn More Reviews
Premium Money Market Account	0.03%	$25,000	$34,999	Learn More Reviews

CD Rates	APY	MIN	MAX
6 Mo CD	0.05%	$10,000	$14,999	Learn More Reviews
6 Mo CD	0.05%	$100,000	$199,999	Learn More Reviews
12 Mo CD	0.10%	$10,000	$14,999	Learn More Reviews
12 Mo CD	0.10%	$100,000	$199,999	Learn More Reviews
18 Mo CD	0.15%	$10,000	$14,999	Learn More Reviews
18 Mo CD	0.15%	$100,000	$199,999	Learn More Reviews
24 Mo CD	0.20%	$10,000	$14,999	Learn More Reviews
24 Mo CD	0.20%	$100,000	$199,999	Learn More Reviews
30 Mo CD	0.20%	$10,000	$14,999	Learn More Reviews
30 Mo CD	0.20%	$100,000	$199,999	Learn More Reviews
36 Mo CD	0.20%	$10,000	$14,999	Learn More Reviews
36 Mo CD	0.20%	$100,000	$199,999	Learn More Reviews
48 Mo CD	0.20%	$10,000	$14,999	Learn More Reviews
48 Mo CD	0.20%	$100,000	$199,999	Learn More Reviews
60 Mo CD	0.20%	$10,000	$14,999	Learn More Reviews
60 Mo CD	0.20%	$100,000	$199,999	Learn More Reviews

Fixed IRA Rates	APY	MIN	MAX
Fixed IRA	0.10%	$1	$999	Learn MoreShow Less

Int Checking Rates	APY	MIN	MAX
Int Ckg	0.01%	$1	$99	Learn MoreShow Less
Int Ckg	0.01%	$2,500	$3,499	Learn MoreShow Less

Loan Rates - December 24, 2025

Your Current Location: North Carolina, NC 10007

There are currently no loan rates available for TowneBank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - North Carolina 30 Year Fixed Mortgage Rates 2025

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 401822	0.000%	0.000% 0.00 points $0 fees	$0	Learn More
NMLS ID: 2059741	5.837%	5.750% 1.00 points $3,018 fees	$1,868	Learn More
NMLS ID: 292473	5.850%	5.750% 0.50 points $3,489 fees	$1,868	Learn More
NMLS ID: 2559614	5.856%	5.750% 0.88 points $3,720 fees	$1,868	Learn More

See More Mortgage Rates →

Featured - North Carolina Home Equity Line Of Credit Rates 2025

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.240 % After Intro: 6.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Upstart Home Lending See Table	Intro APR 6.520 % After Intro: 6.520 %	$20,800	Learn More More Info
1. Upstart Mortgage offers HELOCs from $26K-$250K. An initial draw of 80% of the approved credit limit is required at account opening. 2. Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of July 2025. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate ("APR") is variable and based on the Prime Rate as published in the Wall Street Journal "Money Rates" table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required. 3. All mortgage lending conducted by Upstart Mortgage, LLC dba Upstart Home Lending. NMLS #2443873 As low as 6.52% APR on your initial draw* Get your money up to 10x faster than the industry standard Fixed rate on each draw No paperwork needed to apply
Figure Home Equity See Table	Intro APR 6.850 % After Intro: 6.850 %	$15,000	Learn More More Info
Available APRs range from 6.35% - 14.90%*, which includes the payment of a higher origination fee in exchange for a reduced interest rate, which is not available to all applicants or in all states.(the advertised APR includes a combined 0.25% discount for opting into a credit union membership (0%) and enrolling in autopay (0.25%) as well as payment of higher origination fee in exchange for a reduced rate, which is not available to all applicants or in all states). The lowest APRs are only available to the most qualified applicants, depending on credit profile and the state where the property is located, and those who also select five year loan terms; APRs will be higher for other applicants and those who select longer loan terms. Rates change frequently so your exact APR will depend on the date you apply. APRs for home equity lines of credit do not include costs other than interest. You will be responsible for an origination fee of up to 4.99% of your initial draw, depending on the state in which your property is located and your credit profile. You may also be responsible for paying the costs of valuation if an AVM is not available for your property ($180), manual notarization if your county doesn’t permit eNotary ($380), and recording fees ($0 - $315) and recording taxes, which vary by state and county ($0-$1,400 per one hundred thousand dollars borrowed). Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone. Flexible terms, borrow $15K-$750K, redraw up to 100% Use to consolidate debt or finance your next home project 100% digital app & automated valuation Largest non-bank HELOC lender in the US
Four Leaf Federal Credit Union See Table	Intro APR 5.990 % After Intro: 7.000 % Intro Period: 12 months	$25,000	Learn More More Info
Rates/terms are subject to change. All offers of credit are subject to credit approval. Applicants may be offered credit at higher rates and other terms. Property insurance (including flood insurance, if applicable) is required. HELOCs not offered in Texas. Membership at FourLeaf is required by opening a minimum $5 share account. Rates shown are based on primary residence, minimum initial draw of $25,000 at account opening, monthly payments via automatic transfers from a FourLeaf checking/savings account, and borrower(s) inputs for credit score and Combined Loan-to-Value. If borrower(s) qualifies for an intro rate, the intro APR is fixed for 12 months. After, standard APR is variable based on the U.S. Prime Rate, plus a margin, and is subject to increase. To obtain an intro rate, borrower(s) must meet credit/loan program requirements, including (but not limited to): 1) maximum CLTV of 75%, 2) minimum credit score of 720 3) initial draw of $25,000 and maintain this balance for 12 months, 4) monthly payments via automatic transfers from a FourLeaf checking/savings account, and 5) have not had an intro rate within the past 5 years. Loan amounts over $500,000 are not available for the intro rate. The standard APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin (if applicable), and is subject to increase after consummation. The current standard APR ranges from 7.50% - 18.00% as of 4/16/2025. Not all applicants will qualify for the lowest rate. The minimum floor APR is 3.25% and maximum is 18%. Prime Rate as of 4/16/2025 = 7.50%. Closing costs for the first $500,000 will be paid by FourLeaf but must be repaid by the borrower(s) if the HELOC is closed within first 36 months of account opening. Fees generally range between $500 - $15,000. Borrower(s) will be responsible for mortgage-related taxes and title insurance costs on the line amounts over $500,000. Fees generally range between $500 -$60,000. Tap into your home's equity & access the funds you need with a HELOC Apply online or speak with a specialist No application, origination & appraisal fees on lines up to $500K[3] On average, access funds within 35 days[5]
Achieve Loans See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Offers may vary; all loan requests are subject to eligibility requirements, application review, loan amount, loan term, income verification, and lender approval. Product terms are subject to change at any time. Offers are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts between $15,000 and $300,000 and are assigned based on product type, debt-to-income ratio and combined loan-to-value ratio. 10, 15, 20, and 30-year terms available. Minimum 600 credit score applies for debt consolidation requests (20 and 30 year terms require a minimum credit score of 640), minimum 700 applies for cash out requests. Fixed rate APRs range from 6.240%- 14.00% and are assigned based on underwriting requirements. Offer APRs assume automatic payment enrollment which may provide a discount (autopay enrollment is not a condition of loan approval). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (up to 3.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied. CLTV ratio may not exceed 75%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. 6.240% APR requires low DTI and CLTV; a maximum loan amount of up to $150,000; 10-year term; FICO 780+; and automatic payment enrollment. Contact Achieve Loans for further details. Equal Housing Opportunity. Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 600
Splash Financial See Table	Intro APR 7.250 % After Intro: 7.250 % Intro Period: 8 months	$25,000	Learn More More Info
This rate is variable and will fluctuate with the Prime Rate as published in the Wall Street Journal. Variable Annual Percentage Rate (APR) for first and second lien position home equity lines of credit will vary with the Prime Rate as published in the Wall Street Journal. As of 11/4/2025, the variable rate for new home equity lines of credit is Prime – 0.25% to Prime + 2.50% (6.75% APR to 9.50% APR). Your rate will not exceed 18.000% APR. Making minimum interest-only payments will not pay down your principal. An annual fee of $100 will apply every year after the first year from the date of funding. Not all applicants are eligible for the maximum line of credit amount or the maximum combined loan to value (LTV). The property type, applicant creditworthiness, verified income, and third party property valuation all may affect eligibility. Maximum LTV ratios of 90%, 80% or 70% apply depending on creditworthiness and property eligibility. Offer available for owner-occupied, 1-4 unit residential properties only. For HELOC amounts at and above $100,000, Splash requires an initial draw of at least $75,000. For line amounts less than $100,000, you must draw at least 75% initially. Additional draw amounts are subject to lender minimums. To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Borrow up to $500,000 Apply 100% online in minutes with a user-friendly platform Check your rate without affecting your credit ** Tap into home equity today
Farmers Bank of Kansas City See Table	Intro APR 8.750 % After Intro: 8.750 %	$25,000	Learn More More Info
This is not a pre-approval or an offer of credit. This is an invitation to apply, and in order to qualify for a loan you must meet our credit and other requirements. Applicants are required to provide a current and valid completed application, proof of income, mortgage statement, property hazard insurance, and a photo ID. Approval is contingent upon a full application and is not guaranteed. We will not extend credit if we cannot verify that your credit profile, debt, income, identity, property value, home equity, and title meet our underwriting criteria. Loan terms, rates, and fees are subject to change. Rates and terms may vary and depend on credit score, CLTV (combined loan-to-value), property type, occupancy and loan terms. These results are for informational purposes only. Farmers Bank of Kansas City’s Home Equity Line of Credit (HELOC) has a 20-year repayment term. The first 10 years will be the Draw period with the interest rate based on the Prime Rate published by the Wall Street Journal plus a margin and allows for an interest only payment to be made during the draw period. If a balance is owed after the draw period concludes, the interest rate will become fixed for the remaining 10 years and will be based upon the Prime Rate published by the Wall Street Journal plus a margin. The HELOC interest rate will not go below 5% or higher than 18%. The minimum line amount offered is $25,000 and the maximum line amount offered is $350,000. The minimum draw amount required is $25,000 or half of the maximum line amount, whichever is greater. A HELOC requires you to pledge your home as collateral, and you could lose your home if you fail to repay. Offers, rates and fees are subject to change without notice. Repayment begins approximately 30 calendar days after funding. Farmers Bank of Kansas City also offers a fixed rate Home Equity Loan (HELOAN). Rates vary and depend on credit score, CLTV (combined loan-to-value), property type, occupancy and loan terms. Customized Rate Quote 24/7 Online Borrower Portal Streamlined Online Application Up to 100% LTV

See More Home Equity Rates →

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Branches

TowneBank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Cornelius,North Carolina

TowneBank Locations around zip code 10007

Branch	Distance	Map	View Lobby Hours
Paragon Commerical Bank - Charlotte	22.69	A	View Lobby Hours
Cary Office Branch	110.55	B	View Lobby Hours
Raleigh Br	120.43	C	View Lobby Hours
Courtland Branch	221.34	D	View Lobby Hours
Iron Bridge Road Branch	222.17	E	View Lobby Hours
Stony Point Branch	226.72	F	View Lobby Hours
Village Branch	230.34	G	View Lobby Hours
Innsbrook Branch	231.65	H	View Lobby Hours
Imperial Plaza Branch	232.87	I	View Lobby Hours
Nine Mile Road Branch	235.38	J	View Lobby Hours
Mechanicsville Branch	238.19	K	View Lobby Hours
Farmers Bank	238.63	L	View Lobby Hours
Lakeside Branch	243.45	M	View Lobby Hours
Hillpoint Branch	245.43	N	View Lobby Hours
Smithfield Branch	249.39	O	View Lobby Hours
New Town Branch	252.58	P	View Lobby Hours
Harbour View Financial Center Branch	254.50	Q	View Lobby Hours
Member Service Center	254.56	R	View Lobby Hours
Kingsmill Branch	255.67	S	View Lobby Hours
College Drive Branch	255.85	T	View Lobby Hours
Portsmouth Boulevard Branch	256.02	U	View Lobby Hours
Camden Branch	256.55	V	View Lobby Hours
Towne Bank	256.91	W	View Lobby Hours
Warwick Branch	258.00	X	View Lobby Hours
Oyster Point Branch	259.91	Y	View Lobby Hours
Moyock Branch	259.97	Z	View Lobby Hours

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Climate Policy and Initiatives

TowneBank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

TowneBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of TowneBank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

TowneBank	U.S. Bank Average
0.39%	5.56%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2025, TowneBank had $8,192,000 in non-current loans and $966,000 in owned real estate. To cover these potential losses it had $2,238,942,000 in equity and $134,187,000 in loans loss reserves. That gives it a Texas Ratio of 0.39%.

Return on Equity

TowneBank	U.S. Bank Average
7.96%	11.32%

TowneBank has a Return on Equity of 7.96% versus the BestCashCow average of 11.32%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

TowneBank	U.S. Bank Average
12.26%	11.41%

TowneBank has a Capitalization of 12.26% versus the BestCashCow average of 11.41. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

TowneBank Balance Sheet Analysis

As of June 30, 2025, TowneBank had assets of $18,264,614,000, loans of $12,464,246,000, and deposits of $15,468,462,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2025

ASSETS
Cash & Balances due from depository institutions	$ 1,090.18 million
Interest-bearing balances	$ 940.72 million
Total securities	$ 2.76 billion
Federal funds sold and reverse repurchase	$ 21.51 million
Net loans and leases	$ 12.46 billion
Loan loss allowance	$ 134.19 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 0.97 million
Goodwill and other intangibles	$ 573.90 million
All other assets	$ 573.67 million
Total Assets	$ 16.03 billion

LIABILITIES
Total deposits	$ 15.47 billion
Interest-bearing deposits	$ 10.57 billion
Deposits held in domestic offices	$ 15.47 billion
% insured (estimated)	52.32%
Federal funds purchased and repurchase agreements	$ 20.85 million
Trading liabilities	N.A.
Other borrowed funds	$ 55.47 million
Subordinated debt	$ 252.30 million
All other liabilities	$ 238.68 million
Total Liabilities	$ 16.03 billion
Shareholders’ Equity	$ 2.24 billion

Summary Income Statement

June 30, 2025

INCOME AND EXPENSES
Total Interest Income	$ 397.35 million
Total Interest Expense	$ 139.56 million
Net interest income	$ 257.80 million
Provision for loan and lease losses	$ 8.92 million
Total non interest income	$ 169.22 million
Total non interest expense	$ 308.64 million
Pre-tax Net Operating Income	$ 115.68 million

Bank Loan Profile^?

The top three loan types in TowneBank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Virginia, TowneBank has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

	% Loans	% Comparison to Other Banks
		Low	Med	High
1-4 Family Residential Loans	16.94		✓
Multifamily Mortgages	2.98		✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	4.06		✓
Small Business Loans	8.30		✓
Construction and Development Loans	11.10			✓
Commercial Real Estate	34.61		✓
Commercial and Industrial Loans	10.43		✓
Farm Loans	0.00		✓

Customer Reviews for TowneBank

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TowneBank

2025 Overview

General Bank Information

Deposit Rates - December 24, 2025

Loan Rates - December 24, 2025

Featured - North Carolina 30 Year Fixed Mortgage Rates 2025

Featured - North Carolina Home Equity Line Of Credit Rates 2025

Branches

TowneBank Locations around zip code 10007

Climate Policy and Initiatives

Add Your Review

Financial Details

TowneBank Ratio Analysis

Texas Ratio

Return on Equity

Capitalization

TowneBank Balance Sheet Analysis

Summary Balance Sheet

Summary Income Statement

Bank Loan Profile?

Customer Reviews for TowneBank

Add Your Review

Bank Loan Profile^?