Millennial Bank

7924 Parkway Drive
Leeds, AL 35094

Notable Rates APY Vs.Others
Savings 0.10% 2.10% →
1-Year CD 1.25% 2.02% →
2-Year CD 1.25% 2.02% →
5-Year CD 1.75% 2.02% →
30-Year Mortgage N.A. 3.03% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 3.25% →

2020 Overview

General Bank Information

Millennial Bank is an FDIC insured institution located in Leeds, AL. It was founded in 1997 and has approximately $0.08 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34460
Date Established 1997
Assets $0.08 billion
Loans $0.05 billion
Deposits $0.07 billion
Capital $0.01 billion

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

Deposit Rates - March 30, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $9,999 Learn MoreShow Less
Money Market
0.15% $10,000 $49,999 Learn MoreShow Less
3 Mo CD
0.50% $500 - Learn MoreShow Less
6 Mo CD
0.75% $500 - Learn MoreShow Less

Fixed IRA
1.25% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - March 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Millennial Bank

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info

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


Millennial Bank 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:

Millennial Bank Locations

Financial Details

Millennial Bank Ratio Analysis

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

Texas Ratio
Millennial Bank U.S. Bank Average
0% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 September 30, 2019, Millennial Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,650,000 in equity and $530,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Millennial Bank U.S. Bank Average
3.09% 9.72%

Millennial Bank has a Return on Equity of 3.09% versus the BestCashCow average of 9.72%. 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.

Millennial Bank U.S. Bank Average
12.21% 12.89%

Millennial Bank has a Capitalization of 12.21% versus the BestCashCow average of 12.89. 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.

Millennial Bank Balance Sheet Analysis

As of September 30, 2019, Millennial Bank had assets of $79,037,000, loans of $51,846,000, and deposits of $69,104,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.05 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 $0.00 billion
     Total Assets $0.07 billion
Total deposits $0.07 billion
      Interest-bearing deposits $0.06 billion
      Deposits held in domestic offices $0.07 billion
      % insured (estimated) 72.04%
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 $0.07 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 2019
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 Millennial Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Alabama, Millennial Bank has a significantly higher percent of Construction and Development 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.46
Credit Card Loans 0.00
Consumer Auto Loans 0.13
Small Business Loans 0.00
Construction and Development Loans 15.92
Commercial Real Estate 35.12
Commercial and Industrial Loans 17.83
Farm Loans 0.00

Frequently Asked Questions About Millennial Bank

Branches and Savings

Is Millennial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34460.

Why does Millennial Bank pay such low interest on savings accounts?

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

Why are Millennial Bank CD rates not competitive?

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

Is Millennial Bank a commercial bank?


Where are Millennial Bank locations?

See branch locations nearby.

Is Millennial Bank open on Saturdays?

Is Millennial Bank open on Sundays?

What time does Millennial Bank open?

What time does Millennial Bank close?

Are Millennial Bank ATMs Open 24/7?

Do Millennial Bank ATMs accept cash deposits?

Can Millennial Bank customers use other ATMs?

Do Millennial Bank branches have notaries?

Will Millennial Bank notarize my document?

What address for Millennial Bank should I put for incoming ACH transfers?

Will the Millennial Bank branch print checks?

Do Millennial Bank checks expire?

Does Millennial Bank require US citizenship to open account?

Can Millennial Bank close my account?

Does Millennial Bank Report to credit bureaus?

Does Millennial Bank Use Equifax?

What is Millennial Bank's ACH Routing Number?

What is Millennial Bank's SWIFT code?


Does Millennial Bank offer mortgages?

Compare mortgage rates here.

Does Millennial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Millennial Bank offer personal loans?

Compare personal loan rates here.

Does Millennial Bank offer student loans?

Will Millennial Bank cash a check?

Will Millennial Bank redeem a savings bond?

Does Millennial Bank cash savings bonds?

Will Millennial Bank cash money orders?

Can Millennial Bank issue a money order?

Does Millennial Bank do currency exchange?

Background on The Bank

Who owns Millennial Bank?

How long has Millennial Bank been around?

Can Millennial Bank transfer to other banks?

Does Millennial Bank have quick pay?

Does Millennial Bank accept rolled coins?

Will Millennial Bank accept loose change?

Where is Millennial Bank headquarters?

Customer Reviews for Millennial Bank

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

Add Your Review

Rate it here →