Bank of Millbrook

3263 Franklin Avenue
Millbrook, NY 12545

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 618
Date Established 1891
Assets $0.23 billion
Loans $0.09 billion
Deposits $0.20 billion
Capital $0.02 billion

Bank of Millbrook is an FDIC insured institution located in Millbrook, NY. It was founded in 1891 and has approximately $0.23 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of Bank of Millbrook's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $2,500 $99,999 Learn MoreShow Less
6 Mo CD
0.40% $2,500 $99,999 Learn MoreShow Less
12 Mo CD
1.00% $2,500 $99,999 Learn MoreShow Less
18 Mo CD
1.00% $2,500 $99,999 Learn MoreShow Less
24 Mo CD
1.50% $2,500 $99,999 Learn MoreShow Less
30 Mo CD
1.50% $2,500 $99,999 Learn MoreShow Less
36 Mo CD
1.50% $2,500 - Learn MoreShow Less
48 Mo CD
1.65% $2,500 - Learn MoreShow Less
60 Mo CD
1.65% $2,500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 - Learn MoreShow Less

Loan Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Millbrook

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.529% 3.500% 0.38 $898 $1,123 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.546% 3.500% 0.13 $1,437 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
More Info

Note to Bank of Millbrook
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank of Millbrook branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank of Millbrook Locations


Financial Details

Bank of Millbrook Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Millbrook. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Millbrook U.S. Bank Average
4.87% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Bank of Millbrook had $239,000 in non-current loans and $1,057,000 in owned real estate. To cover these potential losses it had $24,574,000 in equity and $2,038,000 in loans loss reserves. That gives it a Texas Ratio of 4.87%.

Return on Equity
Bank of Millbrook U.S. Bank Average
12.24% 9.47%

Bank of Millbrook has a Return on Equity of 12.24% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Millbrook U.S. Bank Average
10.72% 12.49%

Bank of Millbrook has a Capitalization of 10.72% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Millbrook Balance Sheet Analysis

As of March 31, 2019, Bank of Millbrook had assets of $229,181,000, loans of $91,807,000, and deposits of $203,623,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.10 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.20 billion
LIABILITIES
Total deposits $0.20 billion
      Interest-bearing deposits $0.11 billion
      Deposits held in domestic offices $0.20 billion
      % insured (estimated) 79.02%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.20 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Bank of Millbrook’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in New York, Bank of Millbrook has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 56.84
Multifamily
Mortgages
1.44
Credit Card Loans 0.47
Consumer Auto Loans 0.44
Small Business Loans 0.00
Construction and Development Loans 1.70
Commercial Real Estate 23.72
Commercial and Industrial Loans 5.38
Farm Loans 0.00

Frequently Asked Questions About Bank Of Millbrook

Branches and Savings

Is Bank Of Millbrook FDIC insured?

Yes. It is covered under FDIC Certificate #618.

Why does Bank Of Millbrook pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Millbrook CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Millbrook a commercial bank?

Yes

Where are Bank Of Millbrook locations?

See branch locations nearby.

Is Bank Of Millbrook open on Saturdays?

Is Bank Of Millbrook open on Sundays?

What time does Bank Of Millbrook open?

What time does Bank Of Millbrook close?

Are Bank Of Millbrook ATMs Open 24/7?

Do Bank Of Millbrook ATMs accept cash deposits?

Can Bank Of Millbrook customers use other ATMs?

Do Bank Of Millbrook branches have notaries?

Will Bank Of Millbrook notarize my document?

What address for Bank Of Millbrook should I put for incoming ACH transfers?

Will the Bank Of Millbrook branch print checks?

Do Bank Of Millbrook checks expire?

Does Bank Of Millbrook require US citizenship to open account?

Can Bank Of Millbrook close my account?

Does Bank Of Millbrook Report to credit bureaus?

Does Bank Of Millbrook Use Equifax?

What is Bank Of Millbrook's ACH Routing Number?

What is Bank Of Millbrook's SWIFT code?

Products

Does Bank Of Millbrook offer mortgages?

Compare mortgage rates here.

Does Bank Of Millbrook offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Millbrook offer personal loans?

Compare personal loan rates here.

Does Bank Of Millbrook offer student loans?

Will Bank Of Millbrook cash a check?

Will Bank Of Millbrook redeem a savings bond?

Does Bank Of Millbrook cash savings bonds?

Will Bank Of Millbrook cash money orders?

Can Bank Of Millbrook issue a money order?

Does Bank Of Millbrook do currency exchange?

Background on The Bank

Who owns Bank Of Millbrook?

How long has Bank Of Millbrook been around?

Can Bank Of Millbrook transfer to other banks?

Does Bank Of Millbrook have quick pay?

Does Bank Of Millbrook accept rolled coins?

Will Bank Of Millbrook accept loose change?

Where is Bank Of Millbrook headquarters?

Customer Reviews for Bank of Millbrook

There are currently no comments for Bank of Millbrook. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →