TowneBank: how it compares with its peers
Against 94 U.S. banks with half to twice its assets, TowneBank's strongest measure in Q2 2026 is return on assets (2.17% vs. a 1.22% peer median). Its weakest relative measure is assets per employee ($8.1M vs. $12.1M).
| Measure | TowneBank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.17% | 1.22% | Top third Ahead of 95% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.77% | 3.64% | Middle third Ahead of 55% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.11% | 55.14% | Middle third Ahead of 41% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.1M | $12.1M | Bottom third Ahead of 15% of peers |
| Loans to deposits Net loans and leases over total deposits. | 81.18% | 85.89% | Context |
What it means for lending operations
Its efficiency ratio of 56.11% is above the 55.14% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Wilmington Savings Fund Society, FSB Wilmington, DE · $22.57B
- State Bank of India New York, NY · $22.51B
- First Financial Bank Cincinnati, OH · $22.35B
- Beacon Bank and Trust Boston, MA · $22.20B
- OceanFirst Bank, National Association Toms River, NJ · $23.17B
- First Hawaiian Bank Honolulu, HI · $23.65B
Questions about TowneBank
How big is TowneBank?
TowneBank, established in 1999, is headquartered in Portsmouth, VA. It reported $22.62B in total assets in its Q2 2026 FDIC call report and operates 81 offices.
What is TowneBank's return on assets?
2.17% annualized in Q2 2026, against a 1.22% median for 94 U.S. banks with half to twice its assets, ahead of 95% of them.
What is TowneBank's efficiency ratio?
56.11% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 55.14%, and lower is better.
Is TowneBank growing its loans?
Net loans grew 22.6% over the year to Q2 2026, while deposits grew 21.7%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Virginia bank ranked.