SAFE & SOUND® STAR RATINGS

Financial statement

BANK 1440
7010 EAST CHAUNCEY LANE, SUITE 120
PHOENIX, Arizona 85054

STAR RATING: 4 starstarstarstar
Predictive Indicator neutral
As of December 31, 2013
Federal Reserve System Identifier 3606533




Financial summary ($ in Thousands)
2013
12 months
2012
Year
2011
Year
Total Assets$82,480$79,221$87,069
Loans Receivable, Net61,56454,56651,134
Mortgage-Backed Securities6,3728,47512,746
Investments10,78211,15414,973
Deposits71,52468,78072,662
Borrowings005,000
Equity10,69810,2288,759
Net Interest Income4,1233,6503,857
Fee Income291925
Overhead3,6973,3433,877
Net Operating Income851708111
Net Income851708111
Ratio Analysis Profitability%%%
Return on Assets *1.070.880.11
Operating Return on Assets *1.070.880.11
Return on Equity *8.067.221.23
Net Interest Margin *5.284.764.50
Fee Income / Assets *0.040.020.03
Overhead / Assets *4.664.164.15
Efficiency Ratio81.2985.8399.90
Asset Quality%%%
Nonperforming Assets / Assets2.073.996.93
Nonperforming Assets / Equity & Loss Reserves13.7626.4954.71
Loss Reserves / Nonperforming Loans99.5353.584.43
1-4 Fam Mtg + MBS / Assets25.5925.0026.36
Commercial Real Estate Loans / Assets54.9753.9647.82
Construction Loans / Assets1.510.000.00
Commercial & Industrial Loans / Assets2.412.811.88
Consumer Loans / Assets0.170.060.06
Capitalization%%%
Equity / Assets12.9712.9110.06
Tangible Capital / Tangible Assets12.9712.9110.06
Risk-based Capital Ratio18.1617.4615.68
Liquidity%%%
Loans / Deposits86.0779.3370.37
Non-Interest Bearing Deposits / Deposits11.278.085.84
Purchased Liabilities13.078.2820.95

* Calculations are based on the latest four quarters of income and expense.
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