TOWER FINANCIAL CORP Income Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Income and Comprehensive Income

In millions of USD; shares in millions, except per-share amounts

	FY2013 12 months to Dec 31, 2013	FY2012 12 months to Dec 31, 2012	FY2011 12 months to Dec 31, 2011
Interest income:
Loans, including fees
Securities - taxable
Securities - tax exempt
Other interest income
Total interest income
Interest expense:
Deposits
Short-term borrowings
FHLB advances
Junior subordinated debt
Total interest expense
Net interest income
Provision (credit) for loan losses
Net interest income after provision for loan losses
Noninterest income:
Trust and brokerage fees
Service charges
Mortgage banking income
Net gain on sale of securities
Net debit card interchange income
Earnings from BOLI
Other-than-temporary loss:
Total impairment loss
Loss recognized in other comprehensive income
Net impairment loss recognized in earnings
Net impairment loss recognized in earnings
Other income
Total noninterest income
Noninterest expense:
Salaries and benefits
Occupancy and equipment
Marketing
Data processing
Loan and professional costs
Office supplies and postage
Courier services
Business development
Communications expense
FDIC insurance premiums
OREO, net
Other expense
Total noninterest expense
Income before income taxes
Income tax expense/(benefit)
Net income
Less: Preferred Stock Dividends
Other comprehensive income net of tax:
Change in securities available-for-sale:
Unrealized holding losses on securities for which other-than-temporary impairment has been recorded
Other-than-temporary impairment on available-for-sale securities associated with credit losses realized in income
Other-than-temporary impairment on available-for-sale securities, recorded in other comprehensive income
Unrealized holding gains (losses) on available-for-sale securities arising during the period
Unrealized gain (loss) on held to maturity securities transferred to available for sale
Unrealized gain (loss) on cash flow hedge
Reclassification adjustment for gains (losses) realized in income on available-for-sale securities
Net unrealized gains (losses)
Available for Sale
Total net unrealized gains (losses)
Income tax expense (benefit)
Available for Sale
Total income tax expense (benefit)
Other comprehensive income (loss)
Available for Sale
Total other comprehensive income (loss)
Total comprehensive income
Basic earnings per common share (in Dollars per share)
Diluted earnings per common share (in Dollars per share)
Average common shares outstanding (in Shares)
Average common shares and dilutive potential common shares outstanding (in Shares)
Dividends declared per common share (in Dollars per share)

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