Millennium Bank in Des Plaines, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Millennium Bank in Des Plaines, Illinois (IL)
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Millennium Bank - Overview

  • General
  • FDIC Certificate #: 58348
    Status: Active
    Federal Reserve ID: 3547896
    Bank Holding Company (Regulatory Top Holder): Millennium Bancorp, Inc. (RSSDID: 3547887, Location: Des Plaines, IL)
    Date Established: July 02, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 446858
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 02, 2007
    Last Structure Change Effective Date: September 07, 2010
    Last Structure Change Process Date: September 08, 2010
    Last Data Update: September 08, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2077 Miner Street, Des Plaines, IL 60016
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • Financial Summary
  • Total assets: $45.1 mil
    Equity capital: $4.1 mil
    Deposits held in domestic offices: $40.7 mil
    Return on assets (ROA): -0.17% (-$0.1 mil)
    Quarterly return on assets: -1.52% (-$0.7 mil)
    Return on Equity (ROE): -1.82% (-$0.1 mil)
    Quarterly return on equity: -16.46% (-$0.7 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.17% (-$76.7 mil)
    Quarterly Pretax return on assets: -1.52% (-$685.7 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
  • 10Total employees (full-time equivalent)
  • $45,111Total assets
  • $9,665Cash and due from depository institutions
  • $7,426Interest-bearing balances
  • $3,057Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $31,006Net loans & leases
  • $926Loan loss allowance
  • $0Trading account assets
  • $762Bank premises and fixed assets
  • $390Other real estate owned
  • $0Goodwill and other intangibles
  • $45,111Life insurance assets
  • $231All other assets
  • $40,970Total liabilities and capital
  • $40,680Total liabilities
  • $36,815Total deposits
  • $40,680Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $290Subordinated debt
  • $4,141All other liabilities
  • $4,141Total equity capital
  • $4,141Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $8,790Surplus
  • $-5,649Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,376Income earned, not collected on loans
  • $0Earning assets
  • $118Long-term assets (5+ years)
  • $41,489Average Assets, year-to-date
  • $3,126Average Assets, quarterly
  • $45,874Volatile liabilities
  • $45,676Insider loans
  • $34,052FHLB advances
  • $45,802Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,140Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,201Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,081Total interest income
  • $547Total interest expense
  • $1,534Net interest income
  • $0Provision for loan and lease losses
  • $73Total noninterest income
  • $0Fiduciary activities
  • $20Service charges on deposit accounts
  • $0Trading account gains & fees
  • $53Additional noninterest income
  • $1,684Total noninterest expense
  • $732Salaries and employee benefits
  • $213Premises and equipment expense
  • $739Additional noninterest expense
  • -$77Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$77Income before extraordinary items
  • $0Extraordinary gains - net
  • -$77Net income attributable to bank
  • $0Net charge-offs
  • -$77Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 3.92%Noninterest expense to earning assets
  • -0.17%Net operating income to assets
  • -0.17%Return on assets (ROA)
  • -0.17%Pretax return on assets
  • -1.82%Return on equity (ROE)
  • -1.82%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 104,792Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.90%Loss allowance to noncurrent loans
  • 67.30%Noncurrent assets plus other real estate owned to assets
  • 3.91%Noncurrent loans to loans
  • 4.31%Net loans and leases to deposits
  • 76.22%Net loans and leases to core deposits
  • 87.64%Equity capital to assets
  • 9.18%Core capital (leverage) ratio
  • 9.04%Tier 1 risk-based capital ratio
  • 12.16%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $45,874Average earning assets
  • $4,238Average equity
  • $42,985Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0446858Millennium Bank2077 Miner Street, Des Plaines, IL 60016July 02, 2007Full Service Brick and Mortar

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