New Millennium Bank

New Millennium Bank is headquartered in New Brunswick and is the 77^th largest bank in the state of New Jersey. It is also the 3,000^th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 57 employees at 3 locations. New Millennium Bank has a 2-star health rating.

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Data for Q1 2012

Institution Statistics New Millennium Bank FDIC Certificate # 35151 BankRate Report View Year Established 1999 Employees 57 Primary Regulator FDIC Assets and Liabilities Assets $210.23 million Loans $121.08 million Deposits $177.48 million Equity Capital $10.91 million Loan Loss Allowance $5.98 million Unbacked Noncurrent Loans $7.49 million Real Estate Owned $1.90 million Historic Data - March 2011 Assets $221.35 million Equity Capital $13.63 million Loan Loss Allowance $7.42 million Unbacked Noncurrent Loans $20.68 million Real Estate Owned $1.53 million Profit Margin - Quarterly Net Interest Margin 3.46% Return on Assets -1.47% Return on Equity -27.45% Interest Income $2.43 million

Institution Health Overall Score: 2 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 New Millennium Bank had $9.39 million in non-current loans and owned real-estate with $16.89 million in equity and loan loss allowances on hand to cover it. This gives New Millennium Bank a Texas Ratio of 55.60% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for New Millennium Bank held steady from 65.38% as of March 31, 2011 to 55.60% as of March 31, 2012, resulting in a positive change of 14.96%.This indicates that the balance sheet and financial strength for New Millennium Bank has held steady in recent periods. Deposit Growth In the past year, New Millennium Bank has decreased its total deposits by -$7.68 million, resulting in -4.15% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth New Millennium Bank has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. New Millennium Bank has $210.23 million in assets with $16.89 million in equity, resulting in a capitalization level of 8.03%, which is average.

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