Tower Community Bank

Overview / Commentary

www.towercommunitybank.com

423-942-5151

4564 Main Street
Jasper, TN 37347

Tower Community Bank is headquartered in Jasper and is the 75^th largest bank in the state of Tennessee. It is also the 2,610^th largest bank in the nation. It was established in 1970 and as of March of 2022, it had grown to 74 employees at 10 locations. Tower Community Bank has an A health rating.

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Health

Data as of Q1 2022

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Health Grade Components

Overall
FDIC Certificate #	20100
Year Established	1970
Employees	74
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.77%
Return on Equity - YTD	8%
Annual Interest Income	$2.7MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$279.8MM$260.8MM
Loans	Q1 2022vs Q1 2021	$192.7MM$185.0MM
Deposits	Q1 2022vs Q1 2021	$251.8MM$236.3MM
Equity Capital	Q1 2022vs Q1 2021	$26.3MM$23.0MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$2.1MM$1.6MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$521.00K$218.00K
Real Estate Owned	Q1 2022vs Q1 2021	$117.00K$321.00K

Rates

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CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Tower Community Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.14%^*	$500k^*	$1000k	Prime Rate Checking- New Money
OTHER TIERS: 0.01% → $25k - $50k \| 0.05% → $50k - $100k \| 0.10% → $100k - $500k

Tower Community Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%	$1k	$500k	48 Month CD Special
0.25%	$1k	$500k	36 Month CD Special
0.15%	$1k	$500k	18 Month CD Special
0.10%	$1k	$500k	6 Month CD Special

Locations

Tower Community Bank Locations
Whitwell Branch	13165 Highway 28	Whitwell, TN 37397
Monteagle Branch	205 West Main Street	Monteagle, TN 37356
South Pittsburg Branch	315 S. Cedar Avenue	South Pittsburg, TN 37380
Jasper	4564 Main St	Jasper, TN 37347
Dunlap	7242 Sr 28	Dunlap, TN 37327
Lynchburg Office	64 Lynchburg Highway	Lynchburg, TN 37352
Chattanooga LPO	6148 Lee Highway, Suite 100	Chattanooga, TN 37421

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