Tower Bank & Trust Company in Fort Wayne, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


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

  • General
  • FDIC 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
    WWW: http://www.towerbank.net
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 151Total employees (full-time equivalent)
  • $701,755Total assets
  • $64,464Cash and due from depository institutions
  • $3,711Interest-bearing balances
  • $128,546Securities
  • $3,258Federal funds sold & reverse repurchase agreements
  • $458,083Net loans & leases
  • $9,408Loan loss allowance
  • $0Trading account assets
  • $9,063Bank premises and fixed assets
  • $3,129Other real estate owned
  • $2,851Goodwill and other intangibles
  • $701,755Life insurance assets
  • $32,361All other assets
  • $622,252Total liabilities and capital
  • $606,023Total liabilities
  • $432,279Total deposits
  • $606,023Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,000Trading liabilities
  • $0Other borrowed funds
  • $4,229Subordinated debt
  • $79,503All other liabilities
  • $79,503Total equity capital
  • $79,503Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $52,858Surplus
  • $25,645Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,930Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,270Income earned, not collected on loans
  • $0Earning assets
  • $2,676Long-term assets (5+ years)
  • $593,598Average Assets, year-to-date
  • $228,403Average Assets, quarterly
  • $670,651Volatile liabilities
  • $681,672Insider loans
  • $529,221FHLB advances
  • $666,849Loans and leases held for sale
  • $17,085Unused loan commitments
  • $17,085Tier 1 (core) risk-based capital
  • $70,955Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $109,008Restructured Loans and leases
  • $22,990Derivatives

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 3.95%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 9.58%Return on equity (ROE)
  • 9.58%Retained earnings to average equity (YTD only)
  • 1.51%Net charge-offs to loans
  • 57.80%Credit loss provision to net charge-offs
  • 1.40%Efficiency ratio
  • 67,480Assets per employee
  • 4.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 76.67%Noncurrent assets plus other real estate owned to assets
  • 2.19%Noncurrent loans to loans
  • 2.62%Net loans and leases to deposits
  • 75.59%Net loans and leases to core deposits
  • 91.90%Equity capital to assets
  • 11.33%Core capital (leverage) ratio
  • 10.64%Tier 1 risk-based capital ratio
  • 13.41%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $670,651Average earning assets
  • $74,078Average equity
  • $597,138Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $407,649Managed Assets
  • 1Number of Accounts
  • $388,145Personal trust and agency accounts
  • $174,079Employee benefit-defined contribution accounts
  • $6,241Employee benefit-defined benefit accounts
  • $1,613Other retirement accounts
  • $39,488Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $166,724Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 558Number of Accounts
  • $0Personal trust and agency accounts
  • $39,488Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $19,504Other retirement accounts
  • $18,331Corporate trust and agency accounts
  • $70Other fiduciary accounts
  • $678Fiduciary accounts held in foreign offices

List of branches

  • 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

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