Bank 1440 in Phoenix, Arizona (AZ)

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Bank 1440 routing number info

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Bank 1440
GeneralFDIC Certificate #: 58460
Status: Active
Federal Reserve ID: 3606533
Date Established: June 18, 2007
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 452325
Numeric code: 21
Regulator: FDIC
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: June 18, 2007
Last Structure Change Effective Date: July 24, 2008
Last Structure Change Process Date: July 24, 2008
Last Data Update: July 24, 2008
Data Source Date: April 05, 2012
LocationAddress: 7010 East Chauncey Lane, Suite 120, Phoenix, AZ 85054
County: Maricopa
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Phoenix
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200)
Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060)
CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
History of ChangesChange in Location
Financial SummaryTotal assets: $87.1 mil
Equity capital: $8.8 mil
Deposits held in domestic offices: $72.7 mil
Return on assets (ROA): 0.12% ($0.1 mil)
Quarterly return on assets: -0.62% (-$0.5 mil)
Return on Equity (ROE): 1.24% ($0.1 mil)
Quarterly return on equity: -6.09% (-$0.5 mil)
Net income: $0.1 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.12% ($104.5 mil)
Quarterly Pretax return on assets: -0.62% (-$539.8 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)
Total employees (full-time equivalent)15
Total assets$87,069
Cash and due from depository institutions$1,046
Interest-bearing balances$93
Federal funds sold & reverse repurchase agreements$3,540
Net loans & leases$51,134
Loan loss allowance $2,265
Trading account assets$0
Bank premises and fixed assets$801
Other real estate owned$833
Goodwill and other intangibles$0
All other assets$1,996
Life insurance assets$87,069
Total liabilities and capital$78,310
Total liabilities$72,662
Total deposits$68,422
Interest-bearing deposits$72,662
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $648
All other liabilities $8,759
Total equity capital$8,759
Total bank equity capital$8,759
Perpetual preferred stock$1,843
Common stock$2,045
Undivided profits $-14,049
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $5,198
Earning assets $0
Long-term assets (5+ years) $409
Average Assets, year-to-date $82,486
Average Assets, quarterly $27,922
Volatile liabilities $92,798
Insider loans $87,179
FHLB advances $59,294
Loans and leases held for sale $86,387
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,564
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,014
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,995
Total interest expense $1,138
Net interest income $3,857
Provision for loan and lease losses $223
Total noninterest income $24
Fiduciary activities $0
Service charges on deposit accounts $25
Trading account gains & fees $0
Additional noninterest income -$1
Total noninterest expense $3,877
Salaries and employee benefits $1,648
Premises and equipment expense $656
Additional noninterest expense $1,573
Pre-tax net operating income -$219
Securities gains (losses) $330
Applicable income taxes $0
Income before extraordinary items $111
Extraordinary gains - net $0
Net income attributable to bank $111
Net charge-offs $0
Cash dividends $111
Sale, conversion, retirement of capital stock, net $1,538
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.72%
Cost of funding earning assets 1.30%
Net interest margin 4.41%
Noninterest income to earning assets 0.03%
Noninterest expense to earning assets 4.44%
Net operating income to assets -0.24%
Return on assets (ROA) 0.12%
Pretax return on assets 0.12%
Return on equity (ROE) 1.24%
Retained earnings to average equity (YTD only) 1.24%
Net charge-offs to loans 2.86%
Credit loss provision to net charge-offs 14.50%
Efficiency ratio0.00%
Assets per employee$99,897
Cash dividends to net income (YTD only)5.80%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.24%
Noncurrent assets plus other real estate owned to assets 43.57%
Noncurrent loans to loans 6.93%
Net loans and leases to deposits9.73%
Net loans and leases to core deposits 70.37%
Equity capital to assets 80.13%
Core capital (leverage) ratio 10.06%
Tier 1 risk-based capital ratio 9.91%
Total risk-based capital ratio 14.44%
Average assets$16
Average earning assets$92,798
Average equity $8,972
Average loans $87,381
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2 Arizona Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0452325Bank 14407010 East Chauncey Lane, Suite 120, Phoenix, AZ 85054June 18, 2007Full Service Brick and Mortar
1478551Peoria Branch14155 North 83rd Avenue, Suite 117, Peoria, AZ 85381June 30, 2008Full Service Brick and Mortar
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