Millennium Bank

Headquarters

121 N. Washington St.
Junction City, KS 66441
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Millennium Bank is an FDIC insured institution located in Junction City, KS. It was founded in 2007 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58466
Date Established 2007
Assets $ 32.67 million
Loans $ 28.82 million
Deposits $ 25.02 million
Capital $ 4.92 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 22, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 22, 2020

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.816% 2.750% 0.88 $2,132 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
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Note to Millennium Bank
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Branches

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:
Ashburn,Virginia


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 BestCashCow.com 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
2.15% 6.94%

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, 2020, Millennium Bank had $26,000 in non-current loans and $88,000 in owned real estate. To cover these potential losses it had $4,923,000 in equity and $371,000 in loans loss reserves. That gives it a Texas Ratio of 2.15%.

Return on Equity
Millennium Bank U.S. Bank Average
5.61% 7.80%

Millennium Bank has a Return on Equity of 5.61% versus the BestCashCow average of 7.80%. 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
Millennium Bank U.S. Bank Average
15.07% 12.68%

Millennium Bank has a Capitalization of 15.07% versus the BestCashCow average of 12.68. 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 September 30, 2018, Millennium Bank had assets of $32,669,000, loans of $28,816,000, and deposits of $25,015,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 0.90 million
Interest-bearing balances $ 0.00 million
Total securities $ 0.17 million
Federal funds sold and reverse repurchase $ 0.88 million
Net loans and leases $ 28.82 million
Loan loss allowance $ 0.37 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.09 million
Goodwill and other intangibles N.A.
All other assets $ 0.38 million
     Total Assets $ 27.75 million
LIABILITIES
Total deposits $ 25.02 million
      Interest-bearing deposits $ 21.26 million
      Deposits held in domestic offices $ 25.02 million
      % insured (estimated) 96.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.62 million
Subordinated debt N.A.
All other liabilities $ 0.12 million
      Total Liabilities $ 27.75 million
      Shareholders’ Equity $ 4.92 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.17 million
Total Interest Expense $ 0.21 million
Net interest income $ 0.96 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.06 million
Total non interest expense $ 0.80 million
Pre-tax Net Operating Income $ 0.22 million

Bank Loan Profile?

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

Compared to other banks in Kansas, 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.98
Multifamily
Mortgages
11.60
Credit Card Loans 0.00
Consumer Auto Loans 0.66
Small Business Loans 0.00
Construction and Development Loans 1.61
Commercial Real Estate 42.25
Commercial and Industrial Loans 8.36
Farm Loans 3.13

Frequently Asked Questions About Millennium Bank

Branches and Savings

Is Millennium Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58466.

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?

Yes

Where are Millennium Bank locations?

See branch locations nearby.

Is Millennium Bank open on Saturdays?

Is Millennium Bank open on Sundays?

What time does Millennium Bank open?

What time does Millennium Bank close?

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?

Products

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?

Will Millennium Bank accept loose change?

Where is Millennium Bank headquarters?

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