Tower Bank & Trust Company in Fort Wayne, Indiana (IN)

Show street view No street view available for this location

Tower Bank & Trust Company routing number info

Table of contents:
Tower Bank & Trust Company
GeneralFDIC Certificate #: 35040
Status: Active
Federal Reserve ID: 2744063
Bank Holding Company (Regulatory Top Holder): Tower Financial Corporation (RSSDID: 2745604, Location: Fort Wayne, IN)
Date Established: Febuary 19, 1999
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 7 (Domestic: 7, Interstate: No)
FDIC's unique #: 73864
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 19, 1999
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 116 East Berry Street, Fort Wayne, IN 46802
County: Allen
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Fort Wayne, IN (#2760)
Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
Core Based Statistical Area (CBSA): Fort Wayne, IN (#23060)
CBSA Metro Statistical Area: Fort Wayne, IN (#23060)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $701.8 mil
Equity capital: $79.5 mil
Deposits held in domestic offices: $606.0 mil
Return on assets (ROA): 1.06% ($7.4 mil)
Quarterly return on assets: 1.85% ($13.0 mil)
Return on Equity (ROE): 9.58% ($7.7 mil)
Quarterly return on equity: 16.27% ($13.0 mil)
Net income: $7.1 mil
Quarterly Net income: $3.2 mil
Pretax return on assets: 0.98% ($6,877.2 mil)
Quarterly Pretax return on assets: 0.81% ($5,684.2 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)151
Total assets$701,755
Cash and due from depository institutions$64,464
Interest-bearing balances$3,711
Federal funds sold & reverse repurchase agreements$3,258
Net loans & leases$458,083
Loan loss allowance $9,408
Trading account assets$0
Bank premises and fixed assets$9,063
Other real estate owned$3,129
Goodwill and other intangibles$2,851
All other assets$32,361
Life insurance assets$701,755
Total liabilities and capital$622,252
Total liabilities$606,023
Total deposits$432,279
Interest-bearing deposits$606,023
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$12,000
Other borrowed funds $0
Subordinated debt $4,229
All other liabilities $79,503
Total equity capital$79,503
Total bank equity capital$79,503
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $25,645
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $4,930
Income earned, not collected on loans $12,270
Earning assets $0
Long-term assets (5+ years) $2,676
Average Assets, year-to-date $593,598
Average Assets, quarterly $228,403
Volatile liabilities $670,651
Insider loans $681,672
FHLB advances $529,221
Loans and leases held for sale $666,849
Unused loan commitments $17,085
Tier 1 (core) risk-based capital $17,085
Tier 2 risk-based capital $70,955
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $109,008
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $28,894
Total interest expense $5,322
Net interest income $23,572
Provision for loan and lease losses $4,220
Total noninterest income $7,750
Fiduciary activities $2,958
Service charges on deposit accounts $1,092
Trading account gains & fees $0
Additional noninterest income $3,700
Total noninterest expense $21,136
Salaries and employee benefits $10,820
Premises and equipment expense $1,969
Additional noninterest expense $8,347
Pre-tax net operating income $5,966
Securities gains (losses) $628
Applicable income taxes -$500
Income before extraordinary items $7,094
Extraordinary gains - net $0
Net income attributable to bank $7,094
Net charge-offs $0
Cash dividends $7,094
Sale, conversion, retirement of capital stock, net $7,301
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.84%
Cost of funding earning assets 0.89%
Net interest margin 3.95%
Noninterest income to earning assets 1.30%
Noninterest expense to earning assets 3.54%
Net operating income to assets 0.96%
Return on assets (ROA) 1.06%
Pretax return on assets 0.98%
Return on equity (ROE) 9.58%
Retained earnings to average equity (YTD only) 9.58%
Net charge-offs to loans 1.51%
Credit loss provision to net charge-offs 57.80%
Efficiency ratio1.40%
Assets per employee$67,480
Cash dividends to net income (YTD only)4.65%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.01%
Noncurrent assets plus other real estate owned to assets 76.67%
Noncurrent loans to loans 2.19%
Net loans and leases to deposits2.62%
Net loans and leases to core deposits 75.59%
Equity capital to assets 91.90%
Core capital (leverage) ratio 11.33%
Tier 1 risk-based capital ratio 10.64%
Total risk-based capital ratio 13.41%
Average assets$15
Average earning assets$670,651
Average equity $74,078
Average loans $597,138
Back to page top, Back to table top

Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$407,649
Number of Accounts1
Personal trust and agency accounts$388,145
Employee benefit-defined contribution accounts$174,079
Employee benefit-defined benefit accounts$6,241
Other retirement accounts$1,613
Corporate trust and agency accounts$39,488
Investment management agency accounts$0
Other fiduciary accounts$166,724
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts558
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$39,488
Employee benefit-defined benefit accounts$0
Other retirement accounts$19,504
Corporate trust and agency accounts$18,331
Other fiduciary accounts$70
Fiduciary accounts held in foreign offices$678
Back to page top, Back to table top

7 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
073864Tower Bank & Trust Company116 East Berry Street, Fort Wayne, IN 46802Febuary 19, 1999Full Service Brick and Mortar
1356784Dupont Branch10140 Lima Road, Fort Wayne, IN 46818May 01, 2000Full Service Brick and Mortar
2359860Southwest Branch10373 Illinois Road, Fort Wayne, IN 46814January 24, 2001Full Service Brick and Mortar
3422436Northeast Branch4303 Lahmeyer Road, Fort Wayne, IN 46815September 09, 2002Full Service Brick and Mortar
4430015Waynedale Branch6731 Old Trail Road, Fort Wayne, IN 46809January 17, 2004Full Service Brick and Mortar
5452623Covington Plaza Financial Center Bra6430 W. Jefferson Blvd, Fort Wayne, IN 46804June 26, 2006Full Service Brick and Mortar
7478313Warsaw Branch120 North Buffalo Street, Warsaw, IN 46580October 29, 2007Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Tower Bank & Trust Company.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.