Tower Community Bank


Overview / Commentary
423-942-5151
4564 Main Street
Jasper, TN 37347

Tower Community Bank is headquartered in Jasper and is the 75th largest bank in the state of Tennessee. It is also the 2,610th 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

Health Grade Components

Overall
FDIC Certificate #20100
Year Established1970
Employees74
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD8%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$279.8MM$260.8MM
LoansQ1 2022vs Q1 2021$192.7MM$185.0MM
DepositsQ1 2022vs Q1 2021$251.8MM$236.3MM
Equity CapitalQ1 2022vs Q1 2021$26.3MM$23.0MM
Loan Loss AllowanceQ1 2022vs Q1 2021$2.1MM$1.6MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$521.00K$218.00K
Real Estate OwnedQ1 2022vs Q1 2021$117.00K$321.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.14%*$500k*$1000kPrime Rate Checking- New Money
OTHER TIERS: 0.01% $25k - $50k | 0.05% $50k - $100k | 0.10% $100k - $500k

Tower Community Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$1k$500k48 Month CD Special
0.25%$1k$500k36 Month CD Special
0.15%$1k$500k18 Month CD Special
0.10%$1k$500k6 Month CD Special
Locations


Tower Community Bank Locations
Whitwell Branch13165 Highway 28Whitwell, TN 37397
Monteagle Branch205 West Main StreetMonteagle, TN 37356
South Pittsburg Branch315 S. Cedar AvenueSouth Pittsburg, TN 37380
Jasper4564 Main StJasper, TN 37347
Dunlap7242 Sr 28Dunlap, TN 37327
Lynchburg Office64 Lynchburg HighwayLynchburg, TN 37352
Chattanooga LPO6148 Lee Highway, Suite 100Chattanooga, TN 37421

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