# TOWNEBANK
PORTSMOUTH, VA · FDIC certificate 35095 · asset band $10-100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $22.62B | |
| Deposits | $18.82B | |
| Loans and leases | $15.48B | |
| Total equity | $3.00B | |
| Loans / deposits | 81.18% (p35 of band) | 85.78% |
| Liquid assets / assets | 21.59% (p45 of band) | |
| Uninsured deposits / deposits | 47.97% (p77 of band) | 38.39% |
| Brokered deposits | 2.48% | |
| Wholesale funding | 3.23% (p23 of band) | |
| FHLB advances / assets | 0.56% | |
| Tier 1 leverage | 10.00% (p47 of band) | 10.17% |
| Unrealized securities loss / equity | -2.94% (p75 of band) | -7.43% |
| AOCI / equity | -0.32% (p51 of band) | |
| ROA (annualized) | 2.17% (p94 of band) | 1.24% |
| Net interest margin | 3.77% (p59 of band) | 3.57% |
| Efficiency ratio | 56.11% (p60 of band) | |
| Noncurrent loans | 0.22% (p14 of band) | 0.66% |
| Net charge-offs (annualized) | 0.07% (p49 of band) | |
| Reserve coverage of noncurrent | 596.33% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 44.01% (p71 of band) | |
| Auto loans | $625.6M (4.04% of loans; DQ 1.24%, NCO 0.03%) | |
| Loans to nondepository financials | $111.7M (4% of equity) (p40 of band) | |
| Deposits YoY | 21.7% | |
| Employees | 2783 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 2 |  | wholesale funding >15% |
| 2011-12 | 2 |  |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 4 | capital falling, uninsured deposits leaving |  |
| 2013-03 | 1 |  | reserve under noncurrent, capital falling, uninsured deposits leaving |
| 2013-06 | 0 |  | construction >100% equity |
| 2013-09 | 1 | capital falling |  |
| 2013-12 | 0 |  | capital falling |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 1 | capital falling |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 0 |  | capital falling |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | loans exceed deposits |  |
| 2017-03 | 0 |  | loans exceed deposits |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | capital falling |  |
| 2017-12 | 0 |  | capital falling |
| 2018-03 | 1 | expense ratio p90 |  |
| 2018-06 | 2 | loans exceed deposits |  |
| 2018-09 | 1 |  | loans exceed deposits |
| 2018-12 | 2 | capital falling |  |
| 2019-03 | 1 |  | capital falling |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | capital falling |  |
| 2019-12 | 1 |  | capital falling |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | uninsured deposits >50%, wholesale funding >15% | expense ratio p90 |
| 2020-09 | 2 | capital falling | wholesale funding >15% |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 2 | capital falling |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | capital falling |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 0 |  | uninsured deposits >50% |
| 2023-06 | 1 | capital falling |  |
| 2023-09 | 0 |  | capital falling |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 1 | expense ratio p90 |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 0 |  | expense ratio p90 |
| 2025-06 | 1 | expense ratio p90 |  |
| 2025-09 | 2 | capital falling |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 1 |  | capital falling |
| 2026-06 | 0 |  | expense ratio p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-12 [TowneBank completes $476M acquisition of Dogwood State Bank - Virginia Business](https://news.google.com/rss/articles/CBMikgFBVV95cUxOMmotVVgxUHpVTHRYX0NMMmViNFlDMlZ0Q2l5YXo1c2ppV2RXenBxOFhuTFEzbnpWVHZGWDNTV3NZYmxqWDg3alF4UmNRclFZZjNESmt5R3l6N285T3VtYnlPMjNhRmNFWW9tbWQwU0ZVVkltbkEtTURoaWMxaGhLclJSTF9SbXBZTUZIb05QVFd0Zw?oc=5) · Virginia Business
- 2026-05-27 [TowneBank touts extending footprint beyond Virginia following acquisitions - The Virginian-Pilot](https://news.google.com/rss/articles/CBMieEFVX3lxTE1xeEJTYXdodWV0TzRrTE8ta1RHRVdyT0pRZVRPdi1RdE5IMXY3ZzdSUVNWci1vX3NycDREUlBKNzZQNVU4UkhsbVdlUGkzNEtEUmR1RXFrdWVLVldKX1ExbXR2SFBKNTkzRVpoTjFod1p2My1aVEhxag?oc=5) · The Virginian-Pilot
- 2026-02-17 [Bank merger could change Raleigh skyline - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxOclpmMEhETEhCcmpJNFNKd0RtTDdjYlpUdnhIcGhKTF9zbERLcmo2c2xVUnJ6WGxfbnFSYm90NWF5dkplNFZSX2tHTmpPZ2IwRHlWdmtmYVpSdjdoRkZCN19uQUZpckctcnFpOTRoUm44VjVqNGxKanF6NkVhVW90SWl6YWQtRUtHTW90NWtPd1V4RmZlblVCaWJ4UHR2UlR5eEMtYV84QzlPSHFm?oc=5) · The Business Journals
- 2026-06-30 [TowneBank Adds William Gwaltney and John Wynne to Corporate Board - citybiz](https://news.google.com/rss/articles/CBMipwFBVV95cUxNX09kZy1tM2lCZ0EzZGtkUERQZ3dOOUdTVzFpWFRncFJKU2NkSXJVWXpXaVpfZFpFM2ZhZ21BNGt0NEMxTWtDREJmN0RqM1NlZEZNVGVLZ0c4cFdJSUF2YkctSVBGWUdudk55THNBaWI3QzlrZTRmUXR0d2gzSU9FMV9CeVg1Z0FXNnNZdzQxSmNzdDNpRFVWMi0ybW5Tb2hmLTRDUF8yQQ?oc=5) · citybiz
- 2026-01-12 [TowneBank Announces Completion of Dogwood State Bank Merger - GlobeNewswire](https://news.google.com/rss/articles/CBMi0AFBVV95cUxOeXhFRHNSTGZLVXlyZm5xN2lIbUFHX2ZvWExCX1N0V2UzaGpfYUFtMkJvejZLVlhZY1ZhWFNlSkFxekNEeGkxM3BJRWtJdl9vdFQ0RkRXaHUtcVRLZElwblJlZmpEQ0M3MmVkTWlSZGhBSjlqMWw0NDNBcklqOVlMY09TR0FELUFOcFpMSS14UzZ5UlJSQzU1eHFKcE5GWnhqenA0MTlrUUVwZS0tdHdsek9oU3RZbTN6WlpvcmZ1UkRHUERFWFZ1Q1BqeWNfVnpC?oc=5) · GlobeNewswire
- 2026-01-12 [TowneBank Completes Merger with Dogwood State Bank, Expanding Presence in the Carolinas and Beyond - Quiver Quantitative](https://news.google.com/rss/articles/CBMizgFBVV95cUxOUkVBcktiYy1xVDBrLUJuZVY0YmpTTXVvQ3dXZE9FM20yWmk0a2MzOV9MWGhRTmtPY2I1bFlTSkc0Q1haMzA5cUpYYTl5Q1N5a2hnQ2llM2lxenItQ3I0QXhZaDBWR0dlMnA4U2RzdFZpU3dQWVBzczFXU3pXcEl4MlZrSUxQLXdLV3ByX2xBcGMwVElRX0N1LV9qUjVOTjMyU0xrbmRfeVJfVldnZnlsVEE4UGZZd0t0cVh6b0QtOEJ4LUdHeXdLM2NDUXhHUQ?oc=5) · Quiver Quantitative
- 2026-04-06 [TowneBank sells resort property management segment for $250M - Virginia Business](https://news.google.com/rss/articles/CBMikwFBVV95cUxOZk42NUZTbG1mbmdaSFlETllicjVrMk50MkNfSnY5d2RLWWtldzE5Z3Rka1E4OGp2bzdSMGVCYkNRMHVDMjAtNHNIV0dDaThRNDFlenh4YVVDUmFlMDdvYzBYM093cVJ4NC1FQnZYcGRua2xNMDFDRHJsVTB6c2l3VlE1TkdybXZjNFBGc2l1dXJjVGM?oc=5) · Virginia Business
- 2025-08-19 [Virginia’s TowneBank to buy NC’s Dogwood in $476.2M deal - Banking Dive](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNSHBEdTE0RWEtNnpLcVhfTzZFNjVRV1hIb0JzTnhiZmg0TEdhdWNFdVpGVTg1OC1CV19oOXNWNWVIbkxLZWk3bmhfVWVHNTJIWklBWEZObFRXd19vSTdkNHVhSDZNcWt0NXhTMzJwRS1iVTdab3FoM0FzbXEyWDFTRURHVTk1Nnp3WXctQ3pJN1kyUmo0amlYZ3RNTEZuMUp4SDFfZVJxZk91UQ?oc=5) · Banking Dive

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35095 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/23.json (key "35095", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide