Tower Community Bank

4564 Main Street
Jasper, TN 37347


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 20100
Date Established 1970
Assets $0.20 billion
Loans $0.15 billion
Deposits $0.18 billion
Capital $0.02 billion

Tower Community Bank is an FDIC insured institution located in Jasper, TN. It was founded in 1970 and has approximately $0.2 billion in assets. Customers can open an account at one of its 10 branches.

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 22, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1 - Learn MoreShow Less
Premium Money Market Account
1.50% $1 $100,000 Learn MoreShow Less
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.95% $1,000 - Learn MoreShow Less
12 Mo CD
0.76% $1,000 - Learn MoreShow Less
18 Mo CD
0.90% $1,000 - Learn MoreShow Less
24 Mo CD
1.06% $1,000 - Learn MoreShow Less
30 Mo CD
2.53% $1,000 - Learn MoreShow Less
36 Mo CD
1.40% $1,000 - Learn MoreShow Less
48 Mo CD
2.05% $1,000 - Learn MoreShow Less
60 Mo CD
2.02% $1,000 - Learn MoreShow Less

Fixed IRA
0.76% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 $24,999 Learn MoreShow Less

Loan Rates - July 22, 2019

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
NMLS ID: 2890
License#: 520-CL-25944
3.750% 3.750% 0.00 $2 $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Tower Community Bank
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Tower Community Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Tower Community Bank Locations

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
6.95% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 March 31, 2019, Tower Community Bank had $534,000 in non-current loans and $909,000 in owned real estate. To cover these potential losses it had $19,977,000 in equity and $795,000 in loans loss reserves. That gives it a Texas Ratio of 6.95%.

Return on Equity
Tower Community Bank U.S. Bank Average
7.52% 9.47%

Tower Community Bank has a Return on Equity of 7.52% versus the BestCashCow average of 9.47%. 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
9.82% 12.49%

Tower Community Bank has a Capitalization of 9.82% versus the BestCashCow average of 12.49. 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 March 31, 2019, Tower Community Bank had assets of $203,343,000, loans of $150,000,000, and deposits of $182,725,000. 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

March 31, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.15 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.18 billion
Total deposits $0.18 billion
      Interest-bearing deposits $0.15 billion
      Deposits held in domestic offices $0.18 billion
      % insured (estimated) 76.75%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.18 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

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 Construction and Development Loans.

Compared to other banks in Tennessee, Tower Community Bank has a significantly higher percent of Construction and Development Loans 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 29.84
Credit Card Loans 0.00
Consumer Auto Loans 1.20
Small Business Loans 0.00
Construction and Development Loans 16.61
Commercial Real Estate 41.04
Commercial and Industrial Loans 5.12
Farm Loans 0.20

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?

See branch locations nearby.

Is Tower Community Bank open on Saturdays?

Is Tower Community Bank open on Sundays?

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Are Tower Community Bank ATMs Open 24/7?

Do Tower Community Bank ATMs accept cash deposits?

Can Tower Community Bank customers use other ATMs?

Do Tower Community Bank branches have notaries?

Will Tower Community Bank notarize my document?

What address for Tower Community Bank should I put for incoming ACH transfers?

Will the Tower Community Bank branch print checks?

Do Tower Community Bank checks expire?

Does Tower Community Bank require US citizenship to open account?

Can Tower Community Bank close my account?

Does Tower Community Bank Report to credit bureaus?

Does Tower Community Bank Use Equifax?

What is Tower Community Bank's ACH Routing Number?

What is Tower Community Bank's SWIFT code?


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?

Compare personal loan rates here.

Does Tower Community Bank offer student loans?

Will Tower Community Bank cash a check?

Will Tower Community Bank redeem a savings bond?

Does Tower Community Bank cash savings bonds?

Will Tower Community Bank cash money orders?

Can Tower Community Bank issue a money order?

Does Tower Community Bank do currency exchange?

Background on The Bank

Who owns Tower Community Bank?

How long has Tower Community Bank been around?

Can Tower Community Bank transfer to other banks?

Does Tower Community Bank have quick pay?

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