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Townebank

Portsmouth, VA · Cert 35095

State charter, non-member · FDIC · 81 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

55

Q2 2024Q2 2026peer median (50)

Asset Quality

81

Q2 2024Q2 2026peer median (50)

Profitability

74

Q2 2024Q2 2026peer median (50)

Liquidity

88

Q2 2024Q2 2026peer median

Efficiency

41

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Townebank

Portsmouth, VA · Cert 35095

State charter, non-member · FDIC · 81 branches

Q2 2026

$22.6BAssets
$15.5BLoans
$18.8BDeposits
$3.0BEquity
Loan mix
83%RE $12.3B11%C&I $1.7B5%Consumer $0.8BQ3 2024Q2 2026
Deposit mix
68%Interest-bearing $12.9B32%Noninterest $6.0BQ3 2024Q2 2026

Market Position · Virginia Beach-Chesapeake-Norfolk, VA-NC · 2026 SOD (annual) · 35.9% share · #1 of 22 inst. · $11.2B of $31.1B

30.9% Virginia Beach (City)
1.9% Wake
34.4% Norfolk (City)
36.0% Chesapeake (City)

Executive Summary

  • Earnings: ROA of 2.17%, up 116 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.22% of loans (+15 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 10.00%, up 7 bps from a year ago.
  • Funding: loans stand at 82.24% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.17%+116 bps YoY

Net Interest Margin (YTD, annualized)

3.30%+38 bps YoY

Efficiency Ratio (YTD, annualized)

56.11%-1,452 bps YoY

Tier 1 Leverage Ratio

10.00%+7 bps YoY

NIM

4.45%Q2 ’244.37%Q2 ’254.53%Q2 ’26+15%+13%

Non-interest income vs. expense

3.20%Q2 ’243.39%Q2 ’253.70%Q2 ’26+10%-69%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.95%0.95%1.16%1.01%0.94%0.92%0.78%2.17%+116 bps
Return on Equity7.73%7.74%9.33%8.17%7.64%7.44%6.17%16.91%+875 bps
Net Interest Margin2.60%2.61%2.86%2.93%2.99%2.95%3.29%3.30%+38 bps
Efficiency Ratio73.04%72.91%68.38%70.64%70.90%71.94%78.26%56.11%-1,452 bps
Non-Interest Burden1.43%1.45%1.36%1.53%1.60%1.67%2.23%0.47%-106 bps
Growth
Asset Growth (YoY)3.04%2.45%3.72%7.01%14.51%14.14%27.68%23.83%+1,682 bps
Loan Growth (YoY)2.78%1.58%1.88%8.12%16.40%15.69%30.60%22.87%+1,475 bps
Deposit Growth (YoY)3.23%3.73%3.56%7.40%14.91%14.25%25.96%21.68%+1,428 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.07%0.06%0.07%0.07%0.09%0.23%0.22%+15 bps
Net Charge-Offs / Loans0.01%0.01%0.02%0.01%0.01%0.02%0.04%0.10%+9 bps
Allowance / Loans1.06%1.06%1.07%1.07%1.10%1.09%1.29%1.29%+23 bps
Allowance Coverage of NPLs17.4x14.3x19.1x16.4x15.6x11.7x5.7x6.0x-10.4x
Capital
Tier 1 Leverage Ratio10.38%10.36%10.61%9.93%9.84%9.36%9.75%10.00%+7 bps
Total Risk-Based Capital15.54%15.68%15.65%14.49%13.98%14.14%13.87%14.63%+15 bps
Equity / Assets12.49%12.40%12.57%12.22%12.18%12.30%12.93%13.24%+102 bps
Liquidity & Funding
Loans / Deposits80.70%80.24%80.09%81.45%81.74%81.25%83.03%82.24%+79 bps
Liquid Assets / Assets8.01%8.37%7.95%6.26%6.40%6.92%6.86%7.88%+163 bps
CRE / Total Capitaln/an/an/an/a442%436%442%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Townebank

Portsmouth, VA · Cert 35095 · Peer group: banks over $10B in assets (n=142-144)

State charter, non-member · FDIC · 81 branches

Q2 2026

$22.6BAssets
$15.5BLoans
$18.8BDeposits
$3.0BEquity

Executive Summary

  • Strongest standing: return on assets outperforms 92% of banks over $10B in assets (rank 12 of 144).
  • Widest gap: tier 1 capital ratio trails 72% of banks over $10B in assets (rank 103 of 144).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

2.07%

Rank 12 of 144

Net Interest Margin

3.30%

Rank 73 of 144

Efficiency Ratio

57.80%

Rank 86 of 144

Equity / Assets

13.24%

Rank 32 of 144

Non-interest income vs. expense

$728.1M$834.9MINCOMEEXPENSE
Unfavorable gap of $106.8M · efficiency ratio beats 41% of banks over $10B in assets
Bank 57.80%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets2.07%1.00%1.26%1.54%Beats 92%12 / 144
Return on Equity15.64%8.98%11.34%14.40%Beats 81%27 / 144
Net Interest Margin3.30%2.82%3.31%3.68%Beats 49%73 / 144
Efficiency Ratio57.80%49.42%56.02%62.41%Beats 41%86 / 144
Asset Quality
Nonperforming Loans / Loans0.22%0.48%0.73%1.07%Beats 90%15 / 142
Net Charge-Offs / Loans0.06%0.05%0.11%0.22%Beats 71%42 / 142
Capital
Tier 1 Capital Ratio12.20%12.07%12.98%14.92%Beats 28%103 / 144
Total Risk-Based Capital Ratio14.63%13.39%14.14%16.25%Beats 58%61 / 144
Equity / Assets13.24%9.69%11.39%12.96%Beats 78%32 / 144
Liquidity & Funding
Loans / Deposits82.24%75.72%84.92%91.56%39th pctl87 / 143
Loans / Assets68.44%59.83%69.07%74.80%44th pctl81 / 144
Brokered Deposits / Depositsn/aNot reported for this institution