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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 $0.8BQ2 2025Q2 2026
Deposit mix
68%Interest-bearing $12.9B32%Noninterest $6.0BQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.01%0.94%0.92%0.78%2.17%+116 bps
Return on Equity8.17%7.64%7.44%6.17%16.91%+875 bps
Net Interest Margin2.93%2.99%2.95%3.29%3.30%+38 bps
Efficiency Ratio70.64%70.90%71.94%78.26%56.11%-1,452 bps
Non-Interest Burden1.53%1.60%1.67%2.23%0.47%-106 bps
Growth
Asset Growth (YoY)7.01%14.51%14.14%27.68%23.83%+1,682 bps
Loan Growth (YoY)8.12%16.40%15.69%30.60%22.87%+1,475 bps
Deposit Growth (YoY)7.40%14.91%14.25%25.96%21.68%+1,428 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.07%0.09%0.23%0.22%+15 bps
Net Charge-Offs / Loans0.01%0.01%0.02%0.04%0.10%+9 bps
Allowance / Loans1.07%1.10%1.09%1.29%1.29%+23 bps
Allowance Coverage of NPLs16.4x15.6x11.7x5.7x6.0x-10.4x
Capital
Tier 1 Leverage Ratio9.93%9.84%9.36%9.75%10.00%+7 bps
Total Risk-Based Capital14.49%13.98%14.14%13.87%14.63%+15 bps
Equity / Assets12.22%12.18%12.30%12.93%13.24%+102 bps
Liquidity & Funding
Loans / Deposits81.45%81.74%81.25%83.03%82.24%+79 bps
Liquid Assets / Assets6.26%6.40%6.92%6.86%7.88%+163 bps
CRE / Total Capitaln/a442%436%442%n/an/a