Tower Financial Corp (TOFC) financial statements (2021 and earlier)

Company profile

Business Address 116 E BERRY ST
FORT WAYNE, IN 46802
State of Incorp. IN
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4215
Cash and cash equivalents4215
Total current assets:4215
Noncurrent Assets
Property, plant and equipment99
Total noncurrent assets:99
Other undisclosed assets640660
TOTAL ASSETS:691684
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 9
Total current liabilities: 9
Noncurrent Liabilities
Other undisclosed liabilities627611
Total liabilities:627620
Stockholders' equity
Stockholders' equity attributable to parent, including:6364
Treasury stock, value(3)(3)
Accumulated other comprehensive income (loss)(2)4
Retained earnings2318
Other undisclosed stockholders' equity attributable to parent4545
Total stockholders' equity:6364
TOTAL LIABILITIES AND EQUITY:691684

Income statement (P&L) ($ in millions)

12/31/2013
12/31/2012
Revenues
(Financial Services Revenue)
2326
Cost of revenue (3)
Financial services costs (2)
Gross profit:2323
Operating expenses(14)(12)
Other operating income, net
(Noninterest Income, Other Operating Income)
11
Operating income:1112
Nonoperating income21
Investment income, nonoperating10
Gains on sales of other real estate00
Bank owned life insurance income11
Interest and debt expense(3)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1(2)
Income from continuing operations before income taxes:117
Income tax expense(3)(2)
Net income available to common stockholders, diluted:86

Comprehensive Income ($ in millions)

12/31/2013
12/31/2012
Net income:86
Other comprehensive income (loss)(5)0
Comprehensive income, net of tax, attributable to parent:36

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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