TowneBank (NASDAQ:TOWN) is a $486 million bank holding company that operates 26 banking offices throughout Virginia and North Carolina. When last reported the company controlled $4.3 billion in assets, $3.158 billion of which were in loans, and had $3.3 billion in deposits. Below, I will be reviewing the bank's recent financial performance and its current balance sheet to help determine whether or not this 2.34% yielder is worth a look after rising ~16% since May.
TOWN Dividend Yield data by YCharts
Balance Sheet Items (in Thousands)
(click to enlarge)
To begin, I have above a look at the balance sheet items I feel have the most impact on future returns. And as you can see, a very favorable...
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