Millennium Bank in Gainesville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 12, 2008

  • Millennium Bank in Gainesville, Florida (FL)
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Millennium Bank - Overview

  • General
  • FDIC Certificate #: 34946
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: RBC Bank (USA) (#33184)
    Federal Reserve ID: 2793155
    Date Established: March 22, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 62120
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 22, 1999
    Last Structure Change Effective Date: April 12, 2008
    Last Structure Change Process Date: May 28, 2008
    Last Data Update: May 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 4340 West Newberry Road, Gainesville, FL 32607
    County: Alachua
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Gainesville, FL (#2900)
    Core Based Statistical Area (CBSA): Gainesville, FL (#23540)
    CBSA Metro Statistical Area: Gainesville, FL (#23540)
  • Financial Summary
  • Total assets: $195.1 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, 2007)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $190,974Total assets
  • $3,171Cash and due from depository institutions
  • $734Interest-bearing balances
  • $21,964Securities
  • $1,672Federal funds sold & reverse repurchase agreements
  • $140,875Net loans & leases
  • $1,758Loan loss allowance
  • $0Trading account assets
  • $5,463Bank premises and fixed assets
  • $0Other real estate owned
  • $16,133Goodwill and other intangibles
  • $590Life insurance assets
  • $1,696All other assets
  • $190,974Total liabilities and capital
  • $161,157Total liabilities
  • $129,866Total deposits
  • $108,694Interest-bearing deposits
  • $129,866Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $29,538Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,753All other liabilities
  • $29,817Total equity capital
  • $29,817Total bank equity capital
  • $29,817Perpetual preferred stock
  • $0Common stock
  • $3,696Surplus
  • $21,700Undivided profits
  • Memoranda
  • $4,421Noncurrent loans and leases
  • $94,844Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $533Earning assets
  • $0Long-term assets (5+ years)
  • $579Average Assets, year-to-date
  • $165,245Average Assets, quarterly
  • $15,408Volatile liabilities
  • $195,916Insider loans
  • $195,956FHLB advances
  • $56,513Loans and leases held for sale
  • $6,366Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,742Tier 2 risk-based capital
  • $1,298Total risk weighted assets
  • $94,844Total unused commitments
  • $0Restructured Loans and leases
  • $1,758Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $12,206Total interest income
  • $6,274Total interest expense
  • $5,932Net interest income
  • $71Provision for loan and lease losses
  • $922Total noninterest income
  • $0Fiduciary activities
  • $374Service charges on deposit accounts
  • $0Trading account gains & fees
  • $548Additional noninterest income
  • $4,518Total noninterest expense
  • $2,753Salaries and employee benefits
  • $536Premises and equipment expense
  • $1,229Additional noninterest expense
  • $2,265Pre-tax net operating income
  • -$27Securities gains (losses)
  • $858Applicable income taxes
  • $1,380Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,380Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.19%Yield on earning assets
  • 3.70%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 4.71%Return on equity (ROE)
  • 3.00%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 7100.00%Credit loss provision to net charge-offs
  • 2336.00%Efficiency ratio
  • 64,167Assets per employee
  • 4.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.23%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 329.83%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 108.48%Net loans and leases to core deposits
  • 136.92%Equity capital to assets
  • 15.61%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 9.65%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $195,916Average earning assets
  • $29,323Average equity
  • $169,793Average loans

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