Bank 1440

Headquarters

7010 East Chauncey Lane, Suite 120
Phoenix, AZ 85054
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank 1440 is an FDIC insured institution located in Phoenix, AZ. It was founded in 2007 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58460
Date Established 2007
Assets $ 86.78 million
Loans $ 66.68 million
Deposits $ 75.38 million
Capital $ 11.13 million
 

For a more detailed analysis of Bank 1440's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 19, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank 1440

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.574% 2.500% 1.00 $2,445 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Bank 1440
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Branches

Bank 1440 branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank 1440 Locations


Financial Details

Bank 1440 Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank 1440. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank 1440 U.S. Bank Average
0% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Bank 1440 had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $11,131,000 in equity and $1,700,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank 1440 U.S. Bank Average
4.01% 7.80%

Bank 1440 has a Return on Equity of 4.01% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank 1440 U.S. Bank Average
12.83% 12.68%

Bank 1440 has a Capitalization of 12.83% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank 1440 Balance Sheet Analysis

As of June 30, 2014, Bank 1440 had assets of $86,784,000, loans of $66,681,000, and deposits of $75,383,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 66.68 million
Loan loss allowance $ 1.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 75.38 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 86.78 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank 1440’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and 1-4 Family Residential Loans.

Compared to other banks in Arizona, Bank 1440 has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.04
Multifamily
Mortgages
29.42
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 13.86
Construction and Development Loans 1.79
Commercial Real Estate 43.35
Commercial and Industrial Loans 3.31
Farm Loans 0.00

Frequently Asked Questions About Bank 1440

Branches and Savings

Is Bank 1440 FDIC insured?

Yes. It is covered under FDIC Certificate #58460.

Why does Bank 1440 pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank 1440 CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank 1440 a commercial bank?

Yes

Where are Bank 1440 locations?

See branch locations nearby.

Is Bank 1440 open on Saturdays?

Is Bank 1440 open on Sundays?

What time does Bank 1440 open?

What time does Bank 1440 close?

Are Bank 1440 ATMs Open 24/7?

Do Bank 1440 ATMs accept cash deposits?

Can Bank 1440 customers use other ATMs?

Do Bank 1440 branches have notaries?

Will Bank 1440 notarize my document?

What address for Bank 1440 should I put for incoming ACH transfers?

Will the Bank 1440 branch print checks?

Do Bank 1440 checks expire?

Does Bank 1440 require US citizenship to open account?

Can Bank 1440 close my account?

Does Bank 1440 Report to credit bureaus?

Does Bank 1440 Use Equifax?

What is Bank 1440's ACH Routing Number?

What is Bank 1440's SWIFT code?

Products

Does Bank 1440 offer mortgages?

Compare mortgage rates here.

Does Bank 1440 offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank 1440 offer personal loans?

Compare personal loan rates here.

Does Bank 1440 offer student loans?

Will Bank 1440 cash a check?

Will Bank 1440 redeem a savings bond?

Does Bank 1440 cash savings bonds?

Will Bank 1440 cash money orders?

Can Bank 1440 issue a money order?

Does Bank 1440 do currency exchange?

Background on The Bank

Who owns Bank 1440?

How long has Bank 1440 been around?

Can Bank 1440 transfer to other banks?

Does Bank 1440 have quick pay?

Does Bank 1440 accept rolled coins?

Will Bank 1440 accept loose change?

Where is Bank 1440 headquarters?

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