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 $234.5M.

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$234.47m

Recent financial health updates

No updates

Recent updates

TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25

Sep 27
TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25

TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

Aug 31
TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25

Jun 04
TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25

TowneBank: Manageable CRE Exposure, But The Stock Is A Bit Too Expensive

May 08

The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New Forecasts

Apr 26
The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New Forecasts

TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

May 28
TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

TowneBank declares $0.23 dividend

Aug 24

TowneBank GAAP EPS of $0.64 beats by $0.03, revenue of $166.98M

Jul 28

TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23

Jun 21
TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23

Financial 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%).


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