Millennium Bank in Edwards, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Millennium Bank in Edwards, Colorado (CO)
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Millennium Bank - Overview

  • General
  • FDIC Certificate #: 57175
    Status: Active
    Federal Reserve ID: 2981822
    Bank Holding Company (Regulatory Top Holder): Millennium Bancorp, Inc. (RSSDID: 3027811, Location: Edwards, CO)
    Date Established: September 24, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 359006
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 24, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1140 Edwards Village Boulevard, Edwards, CO 81632
    County: Eagle
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Edwards, CO (#20780)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $256.7 mil
    Equity capital: $18.3 mil
    Deposits held in domestic offices: $228.6 mil
    Return on assets (ROA): -0.67% (-$1.7 mil)
    Quarterly return on assets: -0.92% (-$2.4 mil)
    Return on Equity (ROE): -9.23% (-$1.7 mil)
    Quarterly return on equity: -12.55% (-$2.3 mil)
    Net income: -$1.8 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -0.67% (-$1,720.2 mil)
    Quarterly Pretax return on assets: -0.92% (-$2,362.0 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, 2011)

  • Dollar figures in thousands
  • 53Total employees (full-time equivalent)
  • $256,739Total assets
  • $3,942Cash and due from depository institutions
  • $80Interest-bearing balances
  • $55,761Securities
  • $9,980Federal funds sold & reverse repurchase agreements
  • $167,005Net loans & leases
  • $4,756Loan loss allowance
  • $0Trading account assets
  • $9,912Bank premises and fixed assets
  • $5,634Other real estate owned
  • $0Goodwill and other intangibles
  • $256,739Life insurance assets
  • $4,505All other assets
  • $238,425Total liabilities and capital
  • $228,624Total liabilities
  • $200,907Total deposits
  • $228,624Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 5017.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $0Other borrowed funds
  • $1,284Subordinated debt
  • $18,314All other liabilities
  • $18,314Total equity capital
  • $18,314Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $31,037Surplus
  • $-14,723Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,135Income earned, not collected on loans
  • $0Earning assets
  • $893Long-term assets (5+ years)
  • $232,826Average Assets, year-to-date
  • $69,166Average Assets, quarterly
  • $263,010Volatile liabilities
  • $256,320Insider loans
  • $185,478FHLB advances
  • $253,807Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,187Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,525Restructured Loans and leases
  • $490Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,699Total interest income
  • $2,647Total interest expense
  • $10,052Net interest income
  • $3,238Provision for loan and lease losses
  • $287Total noninterest income
  • $0Fiduciary activities
  • $258Service charges on deposit accounts
  • $0Trading account gains & fees
  • $29Additional noninterest income
  • $9,761Total noninterest expense
  • $5,012Salaries and employee benefits
  • $1,383Premises and equipment expense
  • $3,366Additional noninterest expense
  • -$2,660Pre-tax net operating income
  • $910Securities gains (losses)
  • $0Applicable income taxes
  • -$1,750Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,750Net income attributable to bank
  • $0Net charge-offs
  • -$1,750Cash dividends
  • $4,910Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 4.19%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • -1.01%Net operating income to assets
  • -0.67%Return on assets (ROA)
  • -0.67%Pretax return on assets
  • -9.23%Return on equity (ROE)
  • -9.23%Retained earnings to average equity (YTD only)
  • 2.71%Net charge-offs to loans
  • 65.95%Credit loss provision to net charge-offs
  • 0.12%Efficiency ratio
  • 94,410Assets per employee
  • 4.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.77%Loss allowance to noncurrent loans
  • 46.93%Noncurrent assets plus other real estate owned to assets
  • 6.14%Noncurrent loans to loans
  • 5.90%Net loans and leases to deposits
  • 73.05%Net loans and leases to core deposits
  • 100.53%Equity capital to assets
  • 7.13%Core capital (leverage) ratio
  • 6.77%Tier 1 risk-based capital ratio
  • 9.27%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $263,010Average earning assets
  • $18,957Average equity
  • $239,763Average loans

List of branches

  • 8 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0359006Millennium Bank1140 Edwards Village Boulevard, Edwards, CO 81632September 24, 2001Full Service Brick and Mortar
    1441804Millennium Bank2111 North Frontage Road West, Suite A, Vail, CO 81657June 30, 2005Full Service Brick and Mortar
    2454916Steamboat Branch635 Marketplace Plaza, Steamboat Springs, CO 80487June 25, 2006Full Service Brick and Mortar
    3454917Fraser Branch77699 Us Highway 40, Fraser, CO 80442Febuary 01, 2006Full Service Brick and Mortar
    5457038Milllennium Bank Of South Denver209 West Hampden Avenue, Englewood, CO 80110July 18, 2006Full Service Brick and Mortar
    6458309Millennium Bank At Breckenridge116 Lincoln Ave., Breckenridge, CO 80424January 16, 2007Full Service Brick and Mortar
    7480919Edwards Messenger Service1140 Edwards Village Blvd.,, Suite 102b, Edwards, CO 81632September 02, 2008Limited Service Messenger
    8480920Vail Messenger Service211 1 North Frontage Rd., West Suite A, Vail, CO 81657September 02, 2008Limited Service Messenger

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