Millennium Bank, National Association in Sterling, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Millennium Bank, National Association in Sterling, Virginia (VA)
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Millennium Bank, National Association - Overview

  • General
  • FDIC Certificate #: 35096
    Status: Active
    Federal Reserve ID: 2767763
    Bank Holding Company (Regulatory Top Holder): Millennium Bankshares Corporation (RSSDID: 2767660, Location: Sterling, VA)
    Date Established: April 01, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 74675
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 01, 1999
    Last Structure Change Effective Date: October 19, 2009
    Last Structure Change Process Date: March 23, 2010
    Last Data Update: March 23, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 21430 Ceda Dr Unit 100, Sterling, VA 20164
    County: Loudoun
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $172.4 mil
    Equity capital: $1.8 mil
    Deposits held in domestic offices: $157.0 mil
    Return on assets (ROA): -2.30% (-$4.0 mil)
    Quarterly return on assets: -2.38% (-$4.1 mil)
    Return on Equity (ROE): -146.57% (-$2.9 mil)
    Quarterly return on equity: -184.66% (-$3.7 mil)
    Net income: -$4.4 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -2.30% (-$3,964.8 mil)
    Quarterly Pretax return on assets: -2.38% (-$4,102.7 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
  • 27Total employees (full-time equivalent)
  • $172,384Total assets
  • $15,042Cash and due from depository institutions
  • $12,131Interest-bearing balances
  • $32,667Securities
  • $2,186Federal funds sold & reverse repurchase agreements
  • $109,933Net loans & leases
  • $3,005Loan loss allowance
  • $0Trading account assets
  • $1,188Bank premises and fixed assets
  • $8,869Other real estate owned
  • $0Goodwill and other intangibles
  • $172,384Life insurance assets
  • $2,499All other assets
  • $170,584Total liabilities and capital
  • $156,959Total liabilities
  • $153,364Total deposits
  • $156,959Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 1788.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,000Trading liabilities
  • $0Other borrowed funds
  • $837Subordinated debt
  • $1,800All other liabilities
  • $1,800Total equity capital
  • $1,800Total bank equity capital
  • $0Perpetual preferred stock
  • $14,800Common stock
  • $38,300Surplus
  • $-51,300Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,465Income earned, not collected on loans
  • $0Earning assets
  • $621Long-term assets (5+ years)
  • $156,917Average Assets, year-to-date
  • $28,469Average Assets, quarterly
  • $189,813Volatile liabilities
  • $178,636Insider loans
  • $164,024FHLB advances
  • $179,399Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,198Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,985Restructured Loans and leases
  • $214Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,620Total interest income
  • $3,258Total interest expense
  • $4,362Net interest income
  • $200Provision for loan and lease losses
  • -$670Total noninterest income
  • $0Fiduciary activities
  • $90Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$760Additional noninterest income
  • $7,519Total noninterest expense
  • $3,057Salaries and employee benefits
  • $878Premises and equipment expense
  • $3,584Additional noninterest expense
  • -$4,027Pre-tax net operating income
  • -$337Securities gains (losses)
  • $0Applicable income taxes
  • -$4,364Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,364Net income attributable to bank
  • $0Net charge-offs
  • -$4,364Cash dividends
  • $1,574Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 1.89%Cost of funding earning assets
  • 2.53%Net interest margin
  • -0.39%Noninterest income to earning assets
  • 4.37%Noninterest expense to earning assets
  • -2.12%Net operating income to assets
  • -2.30%Return on assets (ROA)
  • -2.30%Pretax return on assets
  • -146.57%Return on equity (ROE)
  • -146.57%Retained earnings to average equity (YTD only)
  • 1.37%Net charge-offs to loans
  • 12.71%Credit loss provision to net charge-offs
  • -2.43%Efficiency ratio
  • 203,657Assets per employee
  • 6.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.66%Loss allowance to noncurrent loans
  • 67.30%Noncurrent assets plus other real estate owned to assets
  • 7.74%Noncurrent loans to loans
  • 3.95%Net loans and leases to deposits
  • 70.04%Net loans and leases to core deposits
  • 73.19%Equity capital to assets
  • 1.04%Core capital (leverage) ratio
  • 4.01%Tier 1 risk-based capital ratio
  • 4.39%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $189,813Average earning assets
  • $2,977Average equity
  • $172,238Average loans

List of branches

  • 3 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074675Millennium Bank, National Association21430 Ceda Dr Unit 100, Sterling, VA 20164April 01, 1999Full Service Brick and Mortar
    2363418Herndon Branch1051 Elden Street, Herndon, VA 20170November 05, 2001Full Service Brick and Mortar
    7466291Sterling Branch21430 Cedar Drive, Sterling, VA 20164June 18, 2007Full Service Brick and Mortar

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