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Profile - Tower Financial Corp. (OTC BB:TOFC.OB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Insider
Recent Events
July 30Price hit new 52-week high ($11.45)
Location
116 East Berry Street
Fort Wayne, IN 46802
Phone: (219) 427-7000
Employees (last reported count): 45
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Related Links
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Ownership
·Insider and 5%+ Owners: 25%
·Over the last 6 months:
 · 6 insider buys; 5,000  shares (0.8% of insider shares)
 · one insider sell; 0  shares
·Institutional: 1% (1% of float)
(one institution)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Tower Financial Corporation, a bank holding company, owns all of the issued and outstanding stock of Tower Bank & Trust Company (the Bank). The Bank provides a range of commercial and consumer banking services, primarily in Allen County, Indiana, including Fort Wayne and its suburbs. Those services reflect the Bank's strategy of serving small to medium-sized businesses and individual customers. The Bank's lending strategy is focused on commercial loans and, to a lesser extent, on consumer and residential mortgage loans. The Bank offers a broad array of deposit products, including checking, savings and money market accounts, certificates of deposit and direct deposit services. In addition, the Bank provides personal trust services through its Investment Management & Trust Services.
More from Market Guide: Expanded Business Description

Financial Summary
TOFC is a bank holding company for Tower Bank and Trust Company. As of 6/30/00, assets totaled $159.8 million and deposits totaled $137.7 million. For the six months ended 6/30/01, total interest income rose 55% to $7.9 million. Net interest income after loan loss provision rose 67% to $3.1 million. Net income totaled $466 thousand vs. a loss of $66 thousand. Results reflects higher average assets, a higher margin and an increase in trust fees and service charges.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Donald Schenkel, 59
Chairman, Pres, CEO
$250K
Kevin Himmelhaver, 45
CFO, Exec. VP, Sec.
166K
Curtis Brown, 45
Exec. VP and CLO
192K
Gary Shearer, 36
Sr. VP and Trust Officer of the Bank
122K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:TOFC.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 20-Dec-2000
$7.125
Recent Price$10.99 
52-Week High
on 30-July-2001
$11.45 
Beta-0.72 
Daily Volume (3-month avg)2,318 
Daily Volume (10-day avg)2,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y]
52-Week Change+22.1%
52-Week Change
relative to S&P500
+63.8%
Share-Related Items
Market Capitalization$27.8M
Shares Outstanding2.53M
Float1.90M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$9.04 
Earnings (ttm)$0.64 
Earnings (mrq)$0.10 
Sales (ttm)$6.16 
Cash (mrq)$3.12 
Valuation Ratios
Price/Book (mrq)1.22 
Price/Earnings (ttm)17.28 
Price/Sales (ttm)1.78 
Income Statements
Sales (ttm)$15.6M
EBITDAN/A 
Income available to common (ttm)$1.61M
Profitability
Profit Margin (ttm)10.3%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.78%
Return on Equity (ttm)7.28%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$7.90M
Short Interest
Shares ShortN/A 
See Profile Help for a description of each item above;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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