Applications / Mortgage Analytics / Lenders / Virginia / TowneBank
Portsmouth, VA · State non-member bank · FDIC · $19.7 billion assets · 5,837 loans in 2025
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5,837
loans originated, 2025
7,487
applications, 2025
19
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
TowneBank is a purchase lender with a large government-backed book, and in 2025 its share rose in its home Virginia Beach market and in Richmond.
FHA (insured by the Federal Housing Administration) loans were 14.0% of its lending and VA (guaranteed by the Department of Veterans Affairs) loans 9.5%, against 4.5% and 2.0% at similar lenders (state non-member banks making between half and twice as many loans); its VA share was higher than about nine in ten of them. Purchases were 76.3% of its loans, and its typical loan was $315,000 against $240,000.
It ranks 8 of 577 lenders in Virginia Beach-Chesapeake-Norfolk, where its share rose to 3.1% from 2.8%, and in Richmond its share rose to 2.0% from 1.2%. Its 2025 mergers with Village Bank and Trust Financial and The Old Point National Bank of Phoebus, whose filings count as its own, may explain part of this. It also entered three Alabama markets in 2025.
It turned down 3.4% of decided first-lien home-purchase applications on owner-occupied homes, against 7.4% at similar lenders, and 9.4% of refinance applications, against 15.7%, both among the lowest tenth.
Originations grew 15% to 5,837, near the middle of similar lenders, who grew 13%, but remain well below 15,004 five years before. Refinancing, now 11.3% of its loans, may have made up more of that earlier total.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. TowneBank took 7,487 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 76.3% · Refinance 11.3% · Home improvement 8.6% · Other 3.8%
Conventional 75.8% · FHA 14.0% · VA 9.5% · USDA (RHS or FSA) 0.7% · of 5,837 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Virginia | 2,077 | 35.6% |
| North Carolina | 1,749 | 30.0% |
| Maryland | 1,552 | 26.6% |
| South Carolina | 88 | 1.5% |
| Alabama | 76 | 1.3% |
| Florida | 62 | 1.1% |
| Pennsylvania | 60 | 1.0% |
| Louisiana | 41 | 0.7% |
| District of Columbia | 36 | 0.6% |
| Delaware | 22 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Virginia Beach-Chesapeake-Norfolk | 1,206 |
| Baltimore-Columbia-Towson | 722 |
| Richmond | 694 |
| Raleigh-Cary | 434 |
| Charlotte-Concord-Gastonia | 418 |
| Frederick-Gaithersburg-Bethesda | 365 |
| Washington | 285 |
| Wilmington | 153 |
| Arlington-Alexandria-Reston | 142 |
| Greenville | 132 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930039UO39UJGI7078 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2797724 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 335095 | 2000–2017 |
Established 8 April 1999. Reported under HMDA 2000-2025.
Mergers, name changes, data editions and corrections: TowneBank's data.
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