Millennium Bank


6392 Artesian Circle
Ooltewah, TN 37363
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.40% 0.70% →
2-Year CD 0.75% 0.75% →
5-Year CD 0.75% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Millennium Bank is an FDIC insured institution located in Ooltewah, TN. It was founded in 1999 and has approximately $0.5 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 35138
Date Established 1999
Assets $ 495.02 million
Loans $ 344.51 million
Deposits $ 441.49 million
Capital $ 48.31 million

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

Deposit Rates - September 18, 2021

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 18, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Millennium Bank

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

Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
NMLS ID: 330511
2.944% 2.875%
0.88 points
$2,238 fees
$1,038 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Millennium Bank
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Millennium 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:
San Diego,California

Millennium Bank Locations

Financial Details

Millennium Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Millennium 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
Millennium Bank U.S. Bank Average
9.43% 5.29%

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 March 31, 2021, Millennium Bank had $5,009,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $48,312,000 in equity and $4,821,000 in loans loss reserves. That gives it a Texas Ratio of 9.43%.

Return on Equity
Millennium Bank U.S. Bank Average
7.85% 11.43%

Millennium Bank has a Return on Equity of 7.85% versus the BestCashCow average of 11.43%. 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.

Millennium Bank U.S. Bank Average
9.76% 11.51%

Millennium Bank has a Capitalization of 9.76% versus the BestCashCow average of 11.51. 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.

Millennium Bank Balance Sheet Analysis

As of March 31, 2021, Millennium Bank had assets of $495,024,000, loans of $344,506,000, and deposits of $441,488,000. 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, 2021
Cash & Balances due from depository institutions $ 100.34 million
Interest-bearing balances $ 98.12 million
Total securities $ 29.63 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 344.51 million
Loan loss allowance $ 4.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.23 million
All other assets $ 2.21 million
     Total Assets $ 446.71 million
Total deposits $ 441.49 million
      Interest-bearing deposits $ 309.58 million
      Deposits held in domestic offices $ 441.49 million
      % insured (estimated) 67.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.64 million
Subordinated debt N.A.
All other liabilities $ 2.58 million
      Total Liabilities $ 446.71 million
      Shareholders’ Equity $ 48.31 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 4.59 million
Total Interest Expense $ 0.51 million
Net interest income $ 4.08 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.76 million
Total non interest expense $ 3.83 million
Pre-tax Net Operating Income $ 1.01 million

Bank Loan Profile?

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

Compared to other banks in Tennessee, Millennium Bank has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate 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 16.20
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 0.00
Construction and Development Loans 12.74
Commercial Real Estate 43.79
Commercial and Industrial Loans 22.16
Farm Loans 0.00

Frequently Asked Questions About Millennium Bank

Branches and Savings

Is Millennium Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35138.

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

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

Why are Millennium Bank CD rates not competitive?

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

Is Millennium Bank a commercial bank?


Where are Millennium Bank locations?

See branch locations nearby.

Is Millennium Bank open on Saturdays?

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Are Millennium Bank ATMs Open 24/7?

Do Millennium Bank ATMs accept cash deposits?

Can Millennium Bank customers use other ATMs?

Do Millennium Bank branches have notaries?

Will Millennium Bank notarize my document?

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

Will the Millennium Bank branch print checks?

Do Millennium Bank checks expire?

Does Millennium Bank require US citizenship to open account?

Can Millennium Bank close my account?

Does Millennium Bank Report to credit bureaus?

Does Millennium Bank Use Equifax?

What is Millennium Bank's ACH Routing Number?

What is Millennium Bank's SWIFT code?


Does Millennium Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Millennium Bank offer personal loans?

Compare personal loan rates here.

Does Millennium Bank offer student loans?

Will Millennium Bank cash a check?

Will Millennium Bank redeem a savings bond?

Does Millennium Bank cash savings bonds?

Will Millennium Bank cash money orders?

Can Millennium Bank issue a money order?

Does Millennium Bank do currency exchange?

Background on The Bank

Who owns Millennium Bank?

How long has Millennium Bank been around?

Can Millennium Bank transfer to other banks?

Does Millennium Bank have quick pay?

Does Millennium Bank accept rolled coins?

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Where is Millennium Bank headquarters?

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