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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

3.98%Q4 ’113.69%Q4 ’122.99%Q4 ’13-6%-31%

Non-interest income vs. expense

4.18%Q4 ’113.50%Q4 ’124.49%Q4 ’13+13%+3%

Executive Summary

  • Earnings: ROA of -11.15%, down 1,064 bps year over year; NIM at 1.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 48.20% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-11.15%-1,064 bps YoY

Net Interest Margin (quarter, annualized)

1.57%-69 bps YoY

Efficiency Ratio (quarter, annualized)

360%+4,185 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-0.51%-1.49%-0.94%-0.48%-11.15%-1,064 bps
Return on Equity257%457%114.29%46.95%682%+42,485 bps
Net Interest Margin2.26%2.28%2.09%1.68%1.57%-69 bps
Efficiency Ratio319%160.92%143.89%245%360%+4,185 bps
Non-Interest Burden4.66%3.77%3.03%4.21%4.82%+16 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 / Loans-0.04%1.04%1.63%0.06%0.16%+20 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