Bank 1440 in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank 1440 - Overview

  • General
  • FDIC Certificate #: 58460
    Status: Active
    Federal Reserve ID: 3606533
    Date Established: June 18, 2007
    WWW: http://www.bank1440.com
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 15Total employees (full-time equivalent)
  • $87,069Total assets
  • $1,046Cash and due from depository institutions
  • $93Interest-bearing balances
  • $27,719Securities
  • $3,540Federal funds sold & reverse repurchase agreements
  • $51,134Net loans & leases
  • $2,265Loan loss allowance
  • $0Trading account assets
  • $801Bank premises and fixed assets
  • $833Other real estate owned
  • $0Goodwill and other intangibles
  • $87,069Life insurance assets
  • $1,996All other assets
  • $78,310Total liabilities and capital
  • $72,662Total liabilities
  • $68,422Total deposits
  • $72,662Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $648Subordinated debt
  • $8,759All other liabilities
  • $8,759Total equity capital
  • $8,759Total bank equity capital
  • $1,843Perpetual preferred stock
  • $2,045Common stock
  • $18,920Surplus
  • $-14,049Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,198Income earned, not collected on loans
  • $0Earning assets
  • $409Long-term assets (5+ years)
  • $82,486Average Assets, year-to-date
  • $27,922Average Assets, quarterly
  • $92,798Volatile liabilities
  • $87,179Insider loans
  • $59,294FHLB advances
  • $86,387Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,564Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,014Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,995Total interest income
  • $1,138Total interest expense
  • $3,857Net interest income
  • $223Provision for loan and lease losses
  • $24Total noninterest income
  • $0Fiduciary activities
  • $25Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1Additional noninterest income
  • $3,877Total noninterest expense
  • $1,648Salaries and employee benefits
  • $656Premises and equipment expense
  • $1,573Additional noninterest expense
  • -$219Pre-tax net operating income
  • $330Securities gains (losses)
  • $0Applicable income taxes
  • $111Income before extraordinary items
  • $0Extraordinary gains - net
  • $111Net income attributable to bank
  • $0Net charge-offs
  • $111Cash dividends
  • $1,538Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.72%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 4.41%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 4.44%Noninterest expense to earning assets
  • -0.24%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.12%Pretax return on assets
  • 1.24%Return on equity (ROE)
  • 1.24%Retained earnings to average equity (YTD only)
  • 2.86%Net charge-offs to loans
  • 14.50%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 99,897Assets per employee
  • 5.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.24%Loss allowance to noncurrent loans
  • 43.57%Noncurrent assets plus other real estate owned to assets
  • 6.93%Noncurrent loans to loans
  • 9.73%Net loans and leases to deposits
  • 70.37%Net loans and leases to core deposits
  • 80.13%Equity capital to assets
  • 10.06%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 14.44%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $92,798Average earning assets
  • $8,972Average equity
  • $87,381Average loans

List of branches

  • 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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