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FIXnotes

TOWNEBANK

BANK

PORTSMOUTH, VA · NM

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Total Assets
$22.4B
—
Total Loans
$15.4B
—
Texas Ratio
1.7%
+1.1
Non-Performing Loans %
0.2%
+0.1
TOWNEBANK in VA reported a Texas ratio of 1.7% in Q1 2026, up +1.1pp from the prior quarter. Nonperforming assets rose to 0.23%, an increase of +0.13pp.

Portfolio composition

CategoryBalance% of totalNPL %Charge-off %
Real estate (all)————
Commercial real estate————
Construction & land————
FOUNDATION Multifamily — Unlock to view
FOUNDATION Non-residential CRE — Unlock to view
FOUNDATION Residential real estate — Unlock to view
FOUNDATION Commercial & industrial — Unlock to view
FOUNDATION Consumer — Unlock to view
FOUNDATION Other loans — Unlock to view
FOUNDATION 1-4 family — 1st lien — Unlock to view
FOUNDATION 1-4 family — junior lien — Unlock to view
FOUNDATION 1-4 family — HELOC — Unlock to view
FOUNDATION Multifamily — Unlock to view
FOUNDATION CRE — owner-occupied — Unlock to view
FOUNDATION CRE — non-owner-occupied — Unlock to view
FOUNDATION Construction — 1-4 family — Unlock to view
FOUNDATION Construction — other — Unlock to view
FOUNDATION Commercial & industrial — Unlock to view
FOUNDATION Consumer — Unlock to view
FOUNDATION

20-quarter trend panels

See how Texas Ratio, NPL %, and charge-offs evolved across the last 5 years.

FOUNDATION

Peer cohort comparison

Benchmark against banks in the same size and geography cohort.

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Full portfolio composition

Every loan category, NPL ratio, and charge-off rate — beyond the top 3.

TOWNEBANK currently appears on: Recent Acquirers

Virginia mortgage-note market & lender distress →

Recent acquisitions

Institutions TOWNEBANK absorbed since 2024 and the inherited portfolio's last-reported call-report figures. Why inherited portfolios matter

  • Dogwood State BankRaleigh, NC · Jan 12, 2026 · Merger
    Inherited NPL volume
    $20M
    Inherited NPL %
    1.00%
    Total loans inherited
    $2.0B
    Total assets inherited
    $2.4B
    YTD charge-offs (at close)
    $7M
    Last filing
    Dec 31, 2025
  • The Old Point National Bank of PhoebusHampton, VA · Sep 1, 2025 · Merger
    Inherited NPL volume
    $978K
    Inherited NPL %
    0.10%
    Total loans inherited
    $1.0B
    Total assets inherited
    $1.4B
    YTD charge-offs (at close)
    $843K
    Last filing
    Jun 30, 2025
  • Village BankMidlothian, VA · Apr 1, 2025 · Merger
    Inherited NPL volume
    $628K
    Inherited NPL %
    0.10%
    Total loans inherited
    $600M
    Total assets inherited
    $739M
    YTD charge-offs (at close)
    $7K
    Last filing
    Mar 31, 2025