Millennium State Bank of Texas in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 02, 2009

  • Millennium State Bank of Texas in Dallas, Texas (TX)
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Millennium State Bank of Texas - Overview

  • General
  • FDIC Certificate #: 57667
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: State Bank of Texas (#27074)
    Federal Reserve ID: 3194179
    Date Established: August 20, 2003
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 419341
    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: August 20, 2003
    Last Structure Change Effective Date: July 02, 2009
    Last Structure Change Process Date: July 06, 2009
    Last Data Update: July 06, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 11950 Webb Chapel Road, Dallas, TX 75234
    County: Dallas
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
  • History of Changes
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $118.6 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, 2008)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $117,971Total assets
  • $9,402Cash and due from depository institutions
  • $3,109Interest-bearing balances
  • $1,350Securities
  • $5,905Federal funds sold & reverse repurchase agreements
  • $88,479Net loans & leases
  • $2,629Loan loss allowance
  • $0Trading account assets
  • $9,122Bank premises and fixed assets
  • $1,060Other real estate owned
  • $222Goodwill and other intangibles
  • $0Life insurance assets
  • $2,431All other assets
  • $117,971Total liabilities and capital
  • $111,417Total liabilities
  • $108,967Total deposits
  • $100,511Interest-bearing deposits
  • $108,967Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $450All other liabilities
  • $6,554Total equity capital
  • $6,554Total bank equity capital
  • $6,554Perpetual preferred stock
  • $0Common stock
  • $5,468Surplus
  • $6,833Undivided profits
  • Memoranda
  • $-5,747Noncurrent loans and leases
  • $5,303Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,605Earning assets
  • $844Long-term assets (5+ years)
  • $433Average Assets, year-to-date
  • $98,843Average Assets, quarterly
  • $695Volatile liabilities
  • $119,167Insider loans
  • $115,133FHLB advances
  • $23,938Loans and leases held for sale
  • $1,488Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,303Total unused commitments
  • $0Restructured Loans and leases
  • $1,212Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $6,871Total interest income
  • $4,658Total interest expense
  • $2,213Net interest income
  • $2,316Provision for loan and lease losses
  • $751Total noninterest income
  • $0Fiduciary activities
  • $164Service charges on deposit accounts
  • $0Trading account gains & fees
  • $587Additional noninterest income
  • $4,215Total noninterest expense
  • $1,848Salaries and employee benefits
  • $740Premises and equipment expense
  • $1,627Additional noninterest expense
  • -$3,567Pre-tax net operating income
  • $0Securities gains (losses)
  • -$4Applicable income taxes
  • -$3,563Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,563Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,111Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.63%Yield on earning assets
  • 4.50%Cost of funding earning assets
  • 2.14%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • -2.99%Net operating income to assets
  • -2.99%Return on assets (ROA)
  • -2.99%Pretax return on assets
  • -39.05%Return on equity (ROE)
  • -39.05%Retained earnings to average equity (YTD only)
  • 1.11%Net charge-offs to loans
  • 208.46%Credit loss provision to net charge-offs
  • -1.13%Efficiency ratio
  • 142,206Assets per employee
  • 5.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.89%Loss allowance to noncurrent loans
  • 39.80%Noncurrent assets plus other real estate owned to assets
  • 6.50%Noncurrent loans to loans
  • 7.25%Net loans and leases to deposits
  • 81.20%Net loans and leases to core deposits
  • 104.06%Equity capital to assets
  • 5.56%Core capital (leverage) ratio
  • 5.76%Tier 1 risk-based capital ratio
  • 6.84%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $119,167Average earning assets
  • $9,124Average equity
  • $103,583Average loans

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