Name | Value |
---|---|
Revenues | 231.9M |
Cost of Revenue | 0.0M |
Gross Profit | 231.9M |
Operating Expense | 42.1M |
Operating I/L | 0.3M |
Other Income/Expense | -0.1M |
Interest Income | 184.1M |
Pretax | 31.2M |
Income Tax Expense | 2.7M |
Net Income/Loss | 28.8M |
TowneBank provides retail and commercial banking services, offering a range of deposit products and loans for individuals, businesses, and professionals. The company also provides treasury management, online and mobile banking, and investment and asset management services. Additionally, TowneBank offers real estate services, including residential mortgage loans, property management, and title and settlement services. Furthermore, the company provides a variety of insurance services, such as life, property, casualty, and vehicle insurance, as well as employee benefit programs. TowneBank operates in several regions in Virginia and North Carolina, generating revenue through interest income, fees from banking and insurance services, and commissions from real estate transactions.