A government-backed lender
Similar lenders, state non-member banks making between half and twice as many loans, typically make only conventional loans. TownBridge Bank's conventional share was 74.0%. The rest were insured by the Federal Housing Administration (FHA, 13.7%) or guaranteed by the Department of Veterans Affairs (VA, 7.3%) or the Department of Agriculture's Rural Housing Service (RHS, 5.0%). Each share was higher than at nearly all its peers. In 2020 all its loans were conventional, so this is a newer line of business.