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Tower Bank & Trust Company

Fort Wayne, IN · Cert 35040

FDIC

Q1 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2014, the quarter ended March 31, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Tower Bank & Trust Company

Fort Wayne, IN · Cert 35040

FDIC

Q1 2014

$674.1MAssets
$408.4MLoans
$577.6MDeposits
$84.1MEquity
Loan mix
64%RE $222.7M32%C&I $109.5M4%Consumer $13.5MQ1 2013Q1 2014
Deposit mix
79%Interest-bearing $453.6M21%Noninterest $124.0MQ1 2013Q1 2014

NIM

3.96%Q1 ’123.41%Q1 ’133.29%Q1 ’14-9%-2%

Non-interest income vs. expense

3.06%Q1 ’123.05%Q1 ’132.70%Q1 ’14-11%-21%

Executive Summary

  • Earnings: ROA of 1.68%, up 42 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.27%.
  • Funding: loans stand at 70.70% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

1.68%+42 bps YoY

Net Interest Margin (YTD, annualized)

2.97%-7 bps YoY

Efficiency Ratio (YTD, annualized)

61.74%-679 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.26%1.14%1.21%1.30%1.68%+42 bps
Return on Equity10.65%9.70%10.44%11.21%13.91%+327 bps
Net Interest Margin3.03%3.07%3.03%2.98%2.97%-7 bps
Efficiency Ratio68.53%67.22%67.61%69.00%61.74%-679 bps
Non-Interest Burden1.63%1.60%1.59%1.63%1.29%-34 bps
Growth
Asset Growth (YoY)4.42%4.38%8.01%1.19%-0.78%-520 bps
Loan Growth (YoY)-4.06%-4.89%-2.25%0.56%-8.20%-414 bps
Deposit Growth (YoY)5.49%5.44%11.26%6.47%-1.48%-697 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.31%0.24%0.19%0.13%-0.27%-59 bps
Allowance / Loans1.72%1.76%1.50%1.25%1.25%-47 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital15.72%15.84%15.52%15.89%17.85%+213 bps
Equity / Assets11.84%11.53%11.29%11.66%12.48%+63 bps
Liquidity & Funding
Loans / Deposits75.88%76.22%76.94%76.50%70.70%-518 bps
Liquid Assets / Assets1.22%0.17%0.31%4.33%10.01%+879 bps
CRE / Total Capitaln/an/an/an/an/an/an/a