Tower Community Bank


4564 Main Street
Jasper, TN 37347
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.35% 1.15% →
2-Year CD 0.60% 1.26% →
5-Year CD 1.26% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Tower Community Bank is an FDIC insured institution located in Jasper, TN. It was founded in 1970 and has approximately $0.22 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 20100
Date Established 1970
Assets $ 215.75 million
Loans $ 157.41 million
Deposits $ 194.12 million
Capital $ 20.72 million

For a more detailed analysis of Tower Community Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.10% $100 - Learn More
Money Market
0.15% $1 - Learn More
Premium Money Market Account
0.15% $1 $100,000 Learn More
3 Mo CD
0.10% $1,000 - Learn More
Special: 6 Mo CD
0.25% $1,000 $1,000,000 Learn More
6 Mo CD
0.25% $1,000 - Learn More
12 Mo CD
0.35% $1,000 - Learn More
Special: 18 Mo CD
0.55% $1,000 $500,000 Learn More
18 Mo CD
0.55% $1,000 - Learn More
24 Mo CD
0.60% $1,000 - Learn More
30 Mo CD
0.63% $1,000 - Learn More
36 Mo CD
0.65% $1,000 - Learn More
Special: 48 Mo CD
0.85% $1,000 $1,000,000 Learn More
60 Mo CD
1.26% $1,000 - Learn More

Fixed IRA
0.35% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $24,999 Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Tower Community Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Tower Community Bank
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Financial Details

Tower Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Tower Community Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Tower Community Bank U.S. Bank Average
6.38% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Tower Community Bank had $482,000 in non-current loans and $899,000 in owned real estate. To cover these potential losses it had $20,718,000 in equity and $932,000 in loans loss reserves. That gives it a Texas Ratio of 6.38%.

Return on Equity
Tower Community Bank U.S. Bank Average
5.69% 9.41%

Tower Community Bank has a Return on Equity of 5.69% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Tower Community Bank U.S. Bank Average
9.6% 12.82%

Tower Community Bank has a Capitalization of 9.6% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Tower Community Bank Balance Sheet Analysis

As of December 31, 2019, Tower Community Bank had assets of $215,751,000, loans of $157,412,000, and deposits of $194,117,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
Cash & Balances due from depository institutions $ 18.83 million
Interest-bearing balances $ 13.12 million
Total securities $ 19.72 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 157.41 million
Loan loss allowance $ 0.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.90 million
Goodwill and other intangibles $ 1.23 million
All other assets $ 7.18 million
     Total Assets $ 195.03 million
Total deposits $ 194.12 million
      Interest-bearing deposits $ 162.89 million
      Deposits held in domestic offices $ 194.12 million
      % insured (estimated) 77.49%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.92 million
      Total Liabilities $ 195.03 million
      Shareholders’ Equity $ 20.72 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 9.43 million
Total Interest Expense $ 1.87 million
Net interest income $ 7.56 million
Provision for loan and lease losses $ 0.30 million
Total non interest income $ 3.98 million
Total non interest expense $ 9.59 million
Pre-tax Net Operating Income $ 1.65 million

Bank Loan Profile?

The top three loan types in Tower Community Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Tennessee, Tower Community Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 27.03
Credit Card Loans 0.00
Consumer Auto Loans 1.74
Small Business Loans 24.89
Construction and Development Loans 10.99
Commercial Real Estate 46.83
Commercial and Industrial Loans 6.56
Farm Loans 0.36

Frequently Asked Questions About Tower Community Bank

Branches and Savings

Is Tower Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #20100.

Why does Tower Community Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Tower Community Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Tower Community Bank a commercial bank?


Where are Tower Community Bank locations?

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Does Tower Community Bank offer mortgages?

Compare mortgage rates here.

Does Tower Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Tower Community Bank offer personal loans?

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Does Tower Community Bank offer student loans?

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Background on The Bank

Who owns Tower Community Bank?

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