Millennium Bank, National Association
Sterling, VA — National Bank
Acquired Mar 2014
Vitals
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Total Assets130.3M -17.0 %
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Total Deposits121.7M -16.3 %
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Total Net Loans56.6M -34.6 %
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Net Income-4820000.0000 -119.3 %
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Book Value-2984000.0000 -3,584.0 %
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Book Value x2-5968000.0000 -3,584.0 %
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Book Value x3-8952000.0000 -3,584.0 %
Balance Sheet Highlights
| Financial Highlights | Millennium Bank, National Association | All Insured Commercial Banks in Virginia |
| Balance Sheet $(000) | ||
| Total Assets | 130,305 | 647,738 |
| Total Net Loans | 56,620 | 433,347 |
| Total Deposits | 121,704 | 525,020 |
| Total Equity | -2,984 | 71,188 |
| Profitability | ||
| Net Income | -4,820 | 5,559 |
| Return on Average Assets | -3.337 | .718 |
| Return on Average Equity | — | 6.917 |
| Net Interest Margin | 2.046 | 3.9 |
| Efficiency Ratio | 205.296 | 74.134 |
| Noninterest Income/Revenue | -.376 | 16.688 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 46.523 | 80.069 |
| Securities/Assets | .171 | .158 |
| Total Equity/Total Assets | -.023 | .11 |
| Tangible Equity/Tangible Assets | -.023 | .101 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | -822 | 65,746 |
| Tier 2 Capital | — | 5,543 |
| Total Capital | -822 | 71,278 |
| Total Risk Weighted Assets | 104,739 | 470,307 |
| Leverage Ratio | -.61 | 10.377 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | -.78 | 14.681 |
| Total Capital Ratio | -.78 | 15.975 |
Timeline for Millennium Bank, National Association
Washingtonfirst Bank
Millennium Bank, National Association was acquired by Washingtonfirst Bank 10 years
View Profile Mar 01 2014
Mbc Property Management, Inc.
Mbc Property Management, Inc. became a new subsidiary organization for Millennium Bank, National Association.
View Profile Oct 16 2009
Millennium Hyland Mortgage Llc
Millennium Hyland Mortgage Llc became a new subsidiary organization for Millennium Bank, National Association.
View Profile Sep 01 2005
Millennium Bank Mortgage, Llc
Millennium Bank Mortgage, Llc became a new subsidiary organization for Millennium Bank, National Association.
View Profile Sep 01 2005
Millennium Sunbelt Mortgage, Llc
Millennium Sunbelt Mortgage, Llc became a new subsidiary organization for Millennium Bank, National Association.
View Profile Nov 02 2001
Want to see more?
Complete timeline for Millennium Bank, National Association is available.
View Complete Timeline| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Washingtonfirst Bank | Buyer | 1,912,187 | Failure | 3/1/2014 |
| Relationships | Role | Relationship Start | Relationship End |
| Millennium Bankshares Corporation | Parent | 4/1/1999 | 2/28/2014 |
| Mbc Property Management, Inc. | Subsidary | 10/16/2009 | 2/28/2014 |
| Millennium Sunbelt Mortgage, Llc | Subsidary | 11/2/2001 | 12/31/2007 |
| Millennium Hyland Mortgage Llc | Subsidary | 9/1/2005 | 12/31/2007 |
| Millennium Bank Mortgage, Llc | Subsidary | 9/1/2005 | 12/31/2007 |
| Millennium Capital. Inc. | Subsidary | 5/1/1999 | 12/31/2005 |
| Millennium Wholesale Lending, Llc | Subsidary | 5/15/2001 | 4/22/2004 |
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