Tower Community Bank is headquartered in JASPER and is the 64th largest bank in the state of Tennessee. It is also the 2,082nd largest bank in the nation. It was established in 1970 and as of March of 2025, it had grown to 75 employees at 11 locations. Tower Community Bank has a B+ health rating.
Overall | |
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FDIC Certificate # | 20100 |
Year Established | 1970 |
Employees | 75 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.93% |
Return on Equity - YTD | 9.65% |
Annual Interest Income | $5.9MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $400.7MM$407.2MM |
Loans | Q1 2025vs Q1 2024 | $298.1MM$320.6MM |
Deposits | Q1 2025vs Q1 2024 | $351.8MM$346.2MM |
Equity Capital | Q1 2025vs Q1 2024 | $38.3MM$35MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $2.8MM$3MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1.9MM$940K |
Real Estate Owned | Q1 2025vs Q1 2024 | $1.5MM$31K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.22%* | $500k* | $1000k | Prime Rate Checking- New Money | ||
OTHER TIERS: 0.08% → $25k - $100k | 0.15% → $100k - $500k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.01% | $1k | $500k | 6 Month CD Special | |
3.91% | $1k | $500k | 24 Month CD Special | |
3.80% | $50k | $500k | 15 Month CD Special | |
3.03% | $10k | - | 14 Month CD Special |
Tower Community Bank Locations | ||
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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 |