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Letter portraitLegal landscapeQuarterYTD

Millennium Bank, NA

Reston, VA · Cert 35096

FDIC

Q4 2013

$130.3MAssets
$58.7MLoans
$121.7MDeposits
$-2984KEquity
Loan mix
78%RE $39.4M17%C&I $8.6M5%Consumer $2.6MQ4 2012Q4 2013
Deposit mix
98%Interest-bearing $119.0M2%Noninterest $2.7MQ4 2012Q4 2013

NIM

4.25%Q4 ’113.97%Q4 ’123.54%Q4 ’13+0%-16%

Non-interest income vs. expense

4.21%Q4 ’113.80%Q4 ’124.18%Q4 ’13-9%0%

Executive Summary

  • Earnings: ROA of -3.36%, down 202 bps year over year; NIM at 2.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.89%.
  • Funding: loans stand at 48.20% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

-3.36%-202 bps YoY

Net Interest Margin (YTD, annualized)

2.05%-39 bps YoY

Efficiency Ratio (YTD, annualized)

205%+1,909 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-1.34%-1.49%-1.22%-0.98%-3.36%-202 bps
Return on Equity14090%457%220%148.51%350%-1,373,930 bps
Net Interest Margin2.44%2.28%2.23%2.12%2.05%-39 bps
Efficiency Ratio186.21%160.92%153.14%177.26%205%+1,909 bps
Non-Interest Burden4.20%3.77%3.47%3.83%4.19%0 bps
Growth
Asset Growth (YoY)-8.44%-13.40%-12.27%-13.22%-16.97%-852 bps
Loan Growth (YoY)-20.80%-20.91%-32.54%-33.69%-34.41%-1,361 bps
Deposit Growth (YoY)-7.41%-13.35%-12.02%-13.52%-16.26%-885 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.40%1.04%1.46%1.06%0.89%+49 bps
Allowance / Loans3.19%3.14%3.51%2.73%3.49%+29 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital4.14%3.84%3.93%3.81%-0.78%-493 bps
Equity / Assets-0.05%-0.62%-1.04%-1.01%-2.29%-224 bps
Liquidity & Funding
Loans / Deposits61.55%61.21%50.04%49.60%48.20%-1,334 bps
Liquid Assets / Assets13.56%12.95%22.47%21.35%21.44%+788 bps
CRE / Total Capitaln/an/an/an/an/an/an/a