Overview / Commentary
New Millennium Bank is headquartered in Fort Lee and is the 35th largest bank in the state of New Jersey. It is also the 1,446th largest bank in the nation. It was established in 1999 and as of June of 2022, it had grown to 85 employees at 9 locations. New Millennium Bank has an A health rating.
Reviews (1)
New Millennium Bank At Closter, NJ
Posted by: ikinnmark2 | Nov 15, 2021
Efficient and friendly service and good rates. What more can you ask.
Health
A
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35151 |
| Year Established | 1999 |
| Employees | 85 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.04% |
| Return on Equity - YTD | 11.24% |
| Annual Interest Income | $10.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $623.1MM$527.1MM |
| Loans | Q2 2022vs Q2 2021 | $412.4MM$374.8MM |
| Deposits | Q2 2022vs Q2 2021 | $559.1MM$468.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $56.1MM$45.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $8.1MM$8.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $3.2MM$804.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $137.00K$137.00K |