Towne Bank
Portsmouth, VA — Non-member Bank
Active
Vitals
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Total Assets8.0B 26.6 %
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Total Deposits6.1B 23.0 %
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Total Net Loans6.1B 32.6 %
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Net Income67.2M 7.8 %
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Book Value1.1B 32.6 %
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Book Value x22.2B 32.6 %
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Book Value x33.2B 32.6 %
Balance Sheet Highlights
Financial Highlights | Towne Bank | All Insured Commercial Banks in Virginia |
Balance Sheet $(000) | ||
Total Assets | 7,973,918 | 858,303 |
Total Net Loans | 6,079,340 | 607,607 |
Total Deposits | 6,057,535 | 699,932 |
Total Equity | 1,086,558 | 97,657 |
Profitability | ||
Net Income | 67,250 | 7,896 |
Return on Average Assets | 1.003 | .794 |
Return on Average Equity | 6.961 | 6.983 |
Net Interest Margin | 3.479 | 3.805 |
Efficiency Ratio | 75.706 | 71.157 |
Noninterest Income/Revenue | 47.255 | 16.327 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 100.36 | 84.705 |
Securities/Assets | .11 | .136 |
Total Equity/Total Assets | .136 | .114 |
Tangible Equity/Tangible Assets | .097 | .103 |
Capital Adequacy | ||
Tier 1 Common Capital | 797,205 | 87,521 |
Tier 1 Capital | 802,066 | 87,589 |
Tier 2 Capital | 42,001 | 6,159 |
Total Capital | 844,067 | 93,977 |
Total Risk Weighted Assets | 6,785,585 | 657,024 |
Leverage Ratio | 10.44 | 10.765 |
Common Equity Tier 1 Capital Ratio | 11.75 | 14.768 |
Tier 1 Capital Ratio | 11.82 | 14.769 |
Total Capital Ratio | 12.44 | 15.893 |
Timeline for Towne Bank
Monarch Bank
Acquisition: Towne Bank acquired a new subsidiary, Monarch Bank, 7 years
View Profile Jun 25 2016Monarch Financial Holdings, Inc
Acquisition: Towne Bank acquired a new subsidiary, Monarch Financial Holdings, Inc , 7 years
View Profile Jun 25 2016Franklin Financial Corporation
Acquisition: Towne Bank acquired a new subsidiary, Franklin Financial Corporation , 9 years
View Profile Jan 03 2015Franklin Federal Savings Bank
Acquisition: Towne Bank acquired a new subsidiary, Franklin Federal Savings Bank, 9 years
View Profile Jan 03 2015The Bank Of Currituck
Acquisition: Towne Bank acquired a new subsidiary, The Bank Of Currituck, 13 years
View Profile Dec 04 2010Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Monarch Bank | Seller | 1,212,196 | Acquisition | Discontinued | 6/25/2016 |
Monarch Financial Holdings, Inc | Seller | Acquisition | Discontinued | 6/25/2016 | |
Franklin Financial Corporation | Seller | Acquisition | Discontinued | 1/3/2015 | |
Franklin Federal Savings Bank | Seller | 1,079,060 | Acquisition | Discontinued | 1/3/2015 |
The Bank Of Currituck | Seller | 172,590 | Acquisition | Discontinued | 12/4/2010 |
Harbor Bank | Seller | 305,979 | Acquisition | Discontinued | 3/20/2004 |
Relationships | Role | Relationship Start | Relationship End |
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