New Millennium Bank in New Brunswick, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • New Millennium Bank in New Brunswick, New Jersey (NJ)
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New Millennium Bank - Overview

  • General
  • FDIC Certificate #: 35151
    Status: Active
    Federal Reserve ID: 2833882
    Date Established: July 19, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 75147
    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: July 19, 1999
    Last Structure Change Effective Date: March 10, 2011
    Last Structure Change Process Date: October 13, 2011
    Last Data Update: October 13, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 57 Livingston Avenue, New Brunswick, NJ 8901
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Middlesex-Somerset-Hunterdon, NJ (#5015)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $212.1 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $178.2 mil
    Return on assets (ROA): -1.11% (-$2.4 mil)
    Quarterly return on assets: -0.98% (-$2.1 mil)
    Return on Equity (ROE): -18.30% (-$2.2 mil)
    Quarterly return on equity: -17.20% (-$2.1 mil)
    Net income: -$2.4 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -1.09% (-$2,312.0 mil)
    Quarterly Pretax return on assets: -0.96% (-$2,036.3 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
  • 58Total employees (full-time equivalent)
  • $212,110Total assets
  • $52,440Cash and due from depository institutions
  • $49,898Interest-bearing balances
  • $24,610Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $126,444Net loans & leases
  • $6,310Loan loss allowance
  • $0Trading account assets
  • $1,457Bank premises and fixed assets
  • $2,177Other real estate owned
  • $0Goodwill and other intangibles
  • $212,110Life insurance assets
  • $3,982All other assets
  • $200,238Total liabilities and capital
  • $178,230Total liabilities
  • $164,377Total deposits
  • $178,230Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,793Trading liabilities
  • $0Other borrowed funds
  • $2,215Subordinated debt
  • $11,872All other liabilities
  • $11,872Total equity capital
  • $11,872Total bank equity capital
  • $0Perpetual preferred stock
  • $1,929Common stock
  • $17,566Surplus
  • $-7,623Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,993Income earned, not collected on loans
  • $7,357Earning assets
  • $612Long-term assets (5+ years)
  • $201,952Average Assets, year-to-date
  • $44,139Average Assets, quarterly
  • $216,540Volatile liabilities
  • $213,877Insider loans
  • $127,435FHLB advances
  • $214,316Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,311Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,127Restructured Loans and leases
  • $8,371Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,784Total interest income
  • $3,003Total interest expense
  • $8,781Net interest income
  • $563Provision for loan and lease losses
  • $2,261Total noninterest income
  • $0Fiduciary activities
  • $198Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,063Additional noninterest income
  • $12,893Total noninterest expense
  • $4,421Salaries and employee benefits
  • $1,651Premises and equipment expense
  • $6,821Additional noninterest expense
  • -$2,414Pre-tax net operating income
  • $57Securities gains (losses)
  • $44Applicable income taxes
  • -$2,401Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,401Net income attributable to bank
  • $0Net charge-offs
  • -$2,401Cash dividends
  • $1,541Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.10%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 4.54%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 6.67%Noninterest expense to earning assets
  • -1.14%Net operating income to assets
  • -1.11%Return on assets (ROA)
  • -1.09%Pretax return on assets
  • -18.30%Return on equity (ROE)
  • -18.30%Retained earnings to average equity (YTD only)
  • 1.03%Net charge-offs to loans
  • 36.53%Credit loss provision to net charge-offs
  • -1.20%Efficiency ratio
  • 116,763Assets per employee
  • 3.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.75%Loss allowance to noncurrent loans
  • 37.13%Noncurrent assets plus other real estate owned to assets
  • 9.04%Noncurrent loans to loans
  • 12.80%Net loans and leases to deposits
  • 70.94%Net loans and leases to core deposits
  • 74.08%Equity capital to assets
  • 5.60%Core capital (leverage) ratio
  • 5.28%Tier 1 risk-based capital ratio
  • 8.88%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $216,540Average earning assets
  • $13,119Average equity
  • $193,312Average loans

List of branches

  • 3 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    075147New Millennium Bank57 Livingston Avenue, New Brunswick, NJ 8901July 19, 1999Full Service Brick and Mortar
    1419114Somerset Branch695 Hamilton Street, Somerset, NJ 8873July 10, 2000Full Service Brick and Mortar
    2495794Franklin Township Branch464b Elizabeth Avenue, Somerset, NJ 8873October 09, 2009Full Service Brick and Mortar

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