TowneBank

Major Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (10.0 on a scale of 0 to 10). Excellent current capitalization (8.8 on a scale of 0 to 10) based on a risk-based capital ratio of 15.1 and a capital leverage ratio of 10.2.

Other Rating Factors: A current level of 0.8 percent of nonperforming loans to core capital combined with 0.6 percent from a year earlier contributes to the Excellent asset quality (7.5). Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 0.9 has resulted in Fair (3.9) profitability.

Asset Mix: Comm re (28%), securities (15%), home mtgs (12%), comm loans (8%), cash (7%), consumer loans (3%), home eq lns (2%), other (24%)

States with Branches: NC, VA

Asset Quality

Non-Performing Loans to Capital

0.84%

Non-Performing Assets to Assets

0.13%

Non-Performing Loans to Loans

0.19%

Loan Loss Reserves to Loans

1.10%

Charge-Offs to Average Loans

0.03%

5-Year Charge-Offs to Average Loans

0.02%

5-Year Asset Growth

10.16%

1-Year Asset Growth

6.24%

Profitability

Operating Profit to Average Assets

1.10%

Return on Equity

7.88%

Net Interest Spread

3.03%

5-Year ROAA (Return on Average Assets)

1.20%

Overhead Efficiency Ratio

72.84%

Liquidity

Liquidity Ratio

19.82%

Hot Money

10.02%

Corporate Info

Group Affiliation

Investment Rating

Address

5716 High Street
Portsmouth, VA 23703

Phone Number

(757) 638-7500

Year Founded

1999

FDIC Number

35095

Website

http://www.townebank.com

Largest Affiliates

No affiliate information available.