Towne Bank (Towne Bank) Marketable Securities : $2,129.3 Mil (As of Dec. 2023)

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What is Towne Bank Marketable Securities?

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price. Towne Bank's Marketable Securities for the quarter that ended in Dec. 2023 was $2,129.3 Mil.

Towne Bank's annual Marketable Securities increased from Dec. 2021 ($1,806.2 Mil) to Dec. 2022 ($1,840.9 Mil) and increased from Dec. 2022 ($1,840.9 Mil) to Dec. 2023 ($2,129.3 Mil).

Towne Bank Marketable Securities Historical Data

The historical data trend for Towne Bank's Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Towne Bank Marketable Securities Chart

Towne Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Marketable Securities

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1,441.31

1,368.22

1,806.18

1,840.90

2,129.34

Towne Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Marketable Securities	Get a 7-Day Free Trial															1,840.90	2,078.48	2,005.85	1,963.45	2,129.34

Towne Bank Marketable Securities Calculation

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Towne Bank (NAS:TOWN) Marketable Securities Explanation

Marketable Securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

Please note, GuruFocus' Marketable Securities also includes "Other Short Term Investment".

Towne Bank Marketable Securities Related Terms

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Towne Bank (Towne Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Towne Bank (NAS:TOWN) » Definitions » Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

5716 High Street, Portsmouth, VA, USA, 23703

Website

https://www.townebank.com

Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.