Millennium BCP Bank, National Association in Newark, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 2010

  • Millennium BCP Bank, National Association in Newark, New Jersey (NJ)
  • Show street view No street view available for this location

Millennium BCP Bank, National Association - Overview

  • General
  • FDIC Certificate #: 35280
    Status: Inactive
    Federal Reserve ID: 2944715
    Date Established: October 10, 2000
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 17 (Interstate: No)
    FDIC's unique #: 77669
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: October 10, 2000
    Last Structure Change Effective Date: October 15, 2010
    Last Structure Change Process Date: December 02, 2010
    Last Data Update: December 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 255 Lafayette Street, Newark, NJ 7105
    County: Essex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Newark, NJ (#5640)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: Newark-Union, NJ-PA (#35084)
  • History of Changes
  • Other Liquidations and Closings
    Change in Insurance Status
    Office Sold
  • Financial Summary
  • Total assets: $708.0 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, 2009)

  • Dollar figures in thousands
  • 203Total employees (full-time equivalent)
  • $814,547Total assets
  • $133,200Cash and due from depository institutions
  • $114,874Interest-bearing balances
  • $80,840Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $578,909Net loans & leases
  • $16,119Loan loss allowance
  • $0Trading account assets
  • $13,232Bank premises and fixed assets
  • $994Other real estate owned
  • $101Goodwill and other intangibles
  • $0Life insurance assets
  • $7,271All other assets
  • $814,548Total liabilities and capital
  • $739,026Total liabilities
  • $706,889Total deposits
  • $542,574Interest-bearing deposits
  • $706,889Deposits held in domestic offices
  • 81.22%% insured (estimated)
  • $27,512Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $4,625All other liabilities
  • $75,522Total equity capital
  • $75,522Total bank equity capital
  • $75,522Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $125,794Undivided profits
  • Memoranda
  • $-52,772Noncurrent loans and leases
  • $71,992Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $27,655Earning assets
  • $46Long-term assets (5+ years)
  • $2,111Average Assets, year-to-date
  • $774,623Average Assets, quarterly
  • $160,652Volatile liabilities
  • $806,635Insider loans
  • $811,194FHLB advances
  • $171,145Loans and leases held for sale
  • $792Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $432Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $71,992Total unused commitments
  • $3,776Restructured Loans and leases
  • $6,671Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $37,205Total interest income
  • $13,708Total interest expense
  • $23,497Net interest income
  • $13,567Provision for loan and lease losses
  • $8,683Total noninterest income
  • $0Fiduciary activities
  • $3,500Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,183Additional noninterest income
  • $33,111Total noninterest expense
  • $15,380Salaries and employee benefits
  • $8,020Premises and equipment expense
  • $9,711Additional noninterest expense
  • -$14,498Pre-tax net operating income
  • $1,081Securities gains (losses)
  • -$256Applicable income taxes
  • -$13,161Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13,161Net income attributable to bank
  • $0Net charge-offs
  • -$13,161Cash dividends
  • $7,288Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 3.06%Net interest margin
  • 1.13%Noninterest income to earning assets
  • 4.32%Noninterest expense to earning assets
  • -1.76%Net operating income to assets
  • -1.63%Return on assets (ROA)
  • -1.66%Pretax return on assets
  • -17.10%Return on equity (ROE)
  • -17.10%Retained earnings to average equity (YTD only)
  • 1.16%Net charge-offs to loans
  • 186.16%Credit loss provision to net charge-offs
  • -0.13%Efficiency ratio
  • 102,791Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.71%Loss allowance to noncurrent loans
  • 58.29%Noncurrent assets plus other real estate owned to assets
  • 3.52%Noncurrent loans to loans
  • 4.65%Net loans and leases to deposits
  • 81.90%Net loans and leases to core deposits
  • 102.78%Equity capital to assets
  • 9.27%Core capital (leverage) ratio
  • 9.62%Tier 1 risk-based capital ratio
  • 14.46%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $806,635Average earning assets
  • $76,984Average equity
  • $766,801Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Millennium BCP Bank, National Association.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents