Bank 1440

010 East Chauncey Lane, Suite 120
Phoenix, AZ 85054
623.463.1440
www.bank1440.com

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Bank 1440 is headquartered in Phoenix and is the 21^st largest bank in the state of Arizona. It is also the 5,380^th largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 15 employees at 2 locations. Bank 1440's money market rates are 14% higher than the national average, and it has a 3-star health rating.

Survey of the Best Free Reward Checking Accounts in Phoenix Arizona - 8/31/2011

You can use our reward checking table to find reward checking accounts that are available in your state. However, it still can be useful to review reward checking accounts that are available in a city ...

Competitive Rates on Add-On CDs in Phoenix at Bank 1440 - Local Only - 7/13/2011

Bank 1440 is offering two add-on CDs with competitive rates. The rates are not great, but the add-on feature can make them a good deal. The two rates are 1.50% APY for a 2-year term and a 1.75% APY fo ...

Bank1440 In AZ Cuts Reward Checking Yield To 3.01% (Forum) - 7/11/2010

Bank1440's Optimum Checking yield is now 3.01% APY for balances up to $25K (was 4.01%). It had been 5.01% for most of last year. I first reviewed this account in March 2009.

2.50% 12-Month CD at Bank 1440 in Arizona - Local Only - 6/8/2009

Bank 1440 is offering a special 12-month CD with a 2.50% APY. Minimum deposit is $5,000. Early withdrawal penalty is 90 days of interest. This CD special is listed on the bottom right of the bank's home page as of 6/08/09. The offer is scheduled to last...

2009

3/4 - High-Yield Reward Checking Account at Bank 1440 in Arizona

2008

12/9 - 4.08% 10-Month CD at Bank 1440 in Arizona

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See Rates for: Checking | Savings | Money Market | CD

Bank 1440 Checking Account Rates

Apy	Min	Max	Product
2.01%	-	$25k	Optimum Checking
1.75%	$1k	-	501-C3 Non-Profit Checking
0.40%	$100k	-	Basic Non-Profit Checking
0.30%	$100k	-	Senior Interest Checking
0.30%	$100k	-	Personal Interest Checking
0.30%	$100k	-	Business Interest Checking

Bank 1440 Savings Account Rates

Apy	Min	Max	Product
0.20%	-	-	Personal Savings
0.20%	$100	-	Business Savings

Bank 1440 Money Market Rates

Apy	Min	Max	Product
0.70%	$100k	-	Personal Money Market
0.70%	$100k	-	Business Money Market

Bank 1440 CD Rates

Apy	Min	Max	Product
1.25%	$1k	-	36 Month Add On Certificate of Deposit
1.00%	$1k	-	24 Month Add On Certificate of Deposit
0.85%	$1k	-	18 Month Certificate of Deposit
0.75%	$1k	-	12 Month Certificate of Deposit
0.25%	$1k	-	6 Month Certificate of Deposit
0.15%	$1k	-	3 Month Certificate of Deposit
0.10%	$1k	-	7-30 Day Certificate of Deposit

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Bank 1440
FDIC Certificate #	58460
BankRate Report	View
Year Established	2007
Employees	15
Primary Regulator	FDIC
Assets and Liabilities
Assets	$83.72 million
Loans	$51.12 million
Deposits	$71.11 million
Equity Capital	$9.42 million
Loan Loss Allowance	$2.27 million
Unbacked Noncurrent Loans	$5.15 million
Real Estate Owned	$743,000
Historic Data - March 2011
Assets	$96.18 million
Equity Capital	$8.96 million
Loan Loss Allowance	$3.04 million
Unbacked Noncurrent Loans	$4.91 million
Real Estate Owned	$2.66 million
Profit Margin - Quarterly
Net Interest Margin	4.44%
Return on Assets	0.69%
Return on Equity	6.51%
Interest Income	$1.11 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Bank 1440 had $5.89 million in non-current loans and owned real-estate with $11.7 million in equity and loan loss allowances on hand to cover it. This gives Bank 1440 a Texas Ratio of 50.35% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Bank 1440 decreased slightly from 63.09% as of March 31, 2011 to 50.35% as of March 31, 2012, resulting in a positive change of 20.20%.This indicates that the balance sheet and financial strength for Bank 1440 has improved slightly in recent periods.
Deposit Growth
In the past year, Bank 1440 has decreased its total deposits by -$15.9 million, resulting in -18.28% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank 1440 has shown is poor.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank 1440 has $83.72 million in assets with $11.7 million in equity, resulting in a capitalization level of 13.97%, which is excellent.