TowneBank

Headquarters

5716 High St W
Portsmouth, VA 23703
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Notable Rates	APY	Vs.Others
Savings	N.A.	4.66% →
1-Year CD	N.A.	4.59% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.15% →
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
Climate
Financial Details
FAQs
Reviews

2025 Overview

General Bank Information

TowneBank is an FDIC insured institution located in Portsmouth, VA. It was founded in 1999 and has approximately $17.25 billion in assets. Customers can open an account at one of its 44 branches.


FDIC Insured	Yes
FDIC Certificate	# 35095
Date Established	1999
Assets	$ 17.25 billion
Loans	$ 11.54 billion
Deposits	$ 14.53 billion
Capital	$ 2.16 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 - May 5, 2025

Your Current Location: Ohio, OH 43085

Loan Rates - May 5, 2025

Your Current Location: Ohio, OH 43085

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 - Ohio 30 Year Fixed Mortgage Rates 2025

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1835285	6.344%	6.250% 0.50 points $3,200 fees	$1,971	Learn More
NMLS ID: 2578474	6.366%	6.250% 0.88 points $3,949 fees	$1,971	Learn More
NMLS ID: 449401	6.500%	6.500% 0.00 points $0 fees	$2,023	Learn More
NMLS ID: 1025894	6.708%	6.625% 0.63 points $2,754 fees	$2,049	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2025

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$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
Four Leaf Federal Credit Union See Table	Intro APR 6.490 % After Intro: 7.750 % 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 8.750 % After Intro: 8.750 %	$0	Learn More More Info
Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501). Equal Housing Opportunity. Offers may vary and loan requests are subject to eligibility requirements, application review, loan amount, loan term, 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 are 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. Other terms, conditions and restrictions apply. Fixed rate APRs range from 6.74% - 14.75% and are assigned based on underwriting requirements; offer APRs may include a discount for automatic payment enrollment (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 and can fluctuate during the draw period. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (3.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied. Combined loan-to-value ratio may not exceed 80% (20 and 30 year debt consolidation requests 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. Equal Housing Opportunity. Contact Achieve Loans for further details. Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 640

See More Home Equity Rates →

Note to TowneBank
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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:
Columbus,Ohio

TowneBank Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Innsbrook Branch	328.58	A	View Lobby Hours
Village Branch	332.83	B	View Lobby Hours
Stony Point Branch	333.23	C	View Lobby Hours
Imperial Plaza Branch	335.90	D	View Lobby Hours
Mechanicsville Branch	340.72	E	View Lobby Hours
Iron Bridge Road Branch	341.38	F	View Lobby Hours
Nine Mile Road Branch	342.06	G	View Lobby Hours
Paragon Commerical Bank - Charlotte	351.48	H	View Lobby Hours
Cary Office Branch	362.43	I	View Lobby Hours
Raleigh Br	366.53	J	View Lobby Hours
Kingsmill Branch	377.09	K	View Lobby Hours
New Town Branch	379.88	L	View Lobby Hours
Courtland Branch	389.03	M	View Lobby Hours
York Branch	395.95	N	View Lobby Hours
Smithfield Branch	396.56	O	View Lobby Hours
Farmers Bank	397.10	P	View Lobby Hours
Oyster Point Branch	398.27	Q	View Lobby Hours
Warwick Branch	400.35	R	View Lobby Hours
Hillpoint Branch	404.64	S	View Lobby Hours
Lakeside Branch	406.02	T	View Lobby Hours
Hampton Branch	406.85	U	View Lobby Hours
Member Service Center	407.97	V	View Lobby Hours
Harbour View Financial Center Branch	408.07	W	View Lobby Hours
College Drive Branch	408.40	X	View Lobby Hours
Towne Bank	410.46	Y	View Lobby Hours
Portsmouth Boulevard Branch	411.98	Z	View Lobby Hours

View Branches Nationwide →

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
0.38%	4.63%

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 December 31, 2024, TowneBank had $8,688,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,155,628,000 in equity and $123,923,000 in loans loss reserves. That gives it a Texas Ratio of 0.38%.

Return on Equity

TowneBank	U.S. Bank Average
7.74%	10.10%

TowneBank has a Return on Equity of 7.74% versus the BestCashCow average of 10.10%. 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
12.5%	11.02%

TowneBank has a Capitalization of 12.5% versus the BestCashCow average of 11.02. 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 December 31, 2024, TowneBank had assets of $17,248,124,000, loans of $11,536,825,000, and deposits of $14,532,695,000. 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

December 31, 2024

ASSETS
Cash & Balances due from depository institutions	$ 1,339.48 million
Interest-bearing balances	$ 1,230.73 million
Total securities	$ 2.57 billion
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 11.54 billion
Loan loss allowance	$ 123.92 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 517.79 million
All other assets	$ 573.67 million
Total Assets	$ 15.09 billion

LIABILITIES
Total deposits	$ 14.53 billion
Interest-bearing deposits	$ 10.18 billion
Deposits held in domestic offices	$ 14.53 billion
% insured (estimated)	52.54%
Federal funds purchased and repurchase agreements	$ 33.68 million
Trading liabilities	N.A.
Other borrowed funds	$ 55.47 million
Subordinated debt	$ 252.00 million
All other liabilities	$ 238.68 million
Total Liabilities	$ 15.09 billion
Shareholders’ Equity	$ 2.16 billion

Summary Income Statement

December 31, 2024

INCOME AND EXPENSES
Total Interest Income	$ 774.72 million
Total Interest Expense	$ 331.92 million
Net interest income	$ 442.80 million
Provision for loan and lease losses	N.A.
Total non interest income	$ 304.40 million
Total non interest expense	$ 557.56 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	18.30		✓
Multifamily Mortgages	3.22		✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	4.39		✓
Small Business Loans	8.28		✓
Construction and Development Loans	11.99			✓
Commercial Real Estate	37.39		✓
Commercial and Industrial Loans	11.27		✓
Farm Loans	0.00		✓

Customer Reviews for TowneBank

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TowneBank

2025 Overview

General Bank Information

Deposit Rates - May 5, 2025

Loan Rates - May 5, 2025

Featured - Ohio 30 Year Fixed Mortgage Rates 2025

Featured - Ohio Home Equity Line Of Credit Rates 2025

Branches

TowneBank Locations around zip code 43085

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^?