TowneBank Balance Sheet Health
Financial Health criteria checks 6/6
TowneBank has total assets of $17.2B and total equity of $2.2B. Total deposits are $14.4B, and total loans are $11.3B. It earns a Net Interest Margin of 3.1%. It has sufficient allowance for bad loans, which are currently at 0.06% of total loans. Cash and short-term investments are $236.4M.
Key information
7.9x
Asset to equity ratio
3.1%
Net interest margin
| Total deposits | US$14.36b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.06% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$236.39m |
Recent financial health updates
No updates
Recent updates
TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25
Sep 27
TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25
Aug 31TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25
Jun 04TowneBank: Manageable CRE Exposure, But The Stock Is A Bit Too Expensive
May 08The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New Forecasts
Apr 26TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year
May 28TowneBank declares $0.23 dividend
Aug 24TowneBank GAAP EPS of $0.64 beats by $0.03, revenue of $166.98M
Jul 28TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23
Jun 21Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TOWN's Assets to Equity ratio (7.9x) is low.
Allowance for Bad Loans: TOWN has a sufficient allowance for bad loans (1870%).
Low Risk Liabilities: 96% of TOWN's liabilities are made up of primarily low risk sources of funding.
Loan Level: TOWN has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: TOWN's Loans to Deposits ratio (79%) is appropriate.
Level of Bad Loans: TOWN has an appropriate level of bad loans (0.1%).