Millenium Bankshares
Millennium Bankshares Corporation operates a bank holding company for Millennium Bank, National Association that provides commercial and consumer banking services to individuals, small and medium sized businesses, and professional communities. It accepts short-term and long-term deposits, including statement savings accounts, NOW accounts, money market deposit accounts, checking accounts, fixed-r… Read more
Millenium Bankshares (MBVA) - Net Assets
Latest net assets as of December 2010: $-4.36 Million USD
Based on the latest financial reports, Millenium Bankshares (MBVA) has net assets worth $-4.36 Million USD as of December 2010.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($196.49 Million) and total liabilities ($200.86 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-4.36 Million |
| % of Total Assets | -2.22% |
| Annual Growth Rate | N/A |
| 5-Year Change | -109.18% |
| 10-Year Change | -137.87% |
| Growth Volatility | 101.34 |
Millenium Bankshares - Net Assets Trend (2000–2010)
This chart illustrates how Millenium Bankshares's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Millenium Bankshares (2000–2010)
The table below shows the annual net assets of Millenium Bankshares from 2000 to 2010.
| Year | Net Assets | Change |
|---|---|---|
| 2010-12-31 | $-4.36 Million | -226.75% |
| 2009-12-31 | $3.44 Million | -76.19% |
| 2008-12-31 | $14.46 Million | -62.41% |
| 2007-12-31 | $38.48 Million | -19.08% |
| 2006-12-31 | $47.55 Million | -0.30% |
| 2005-12-31 | $47.69 Million | +1.24% |
| 2004-12-31 | $47.11 Million | +195.96% |
| 2003-12-31 | $15.92 Million | +2.68% |
| 2002-12-31 | $15.50 Million | +34.51% |
| 2001-12-31 | $11.53 Million | +50.99% |
| 2000-12-31 | $7.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Millenium Bankshares's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4606900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2010)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | % |
| Other Components | $41.70 Million | % |
| Total Equity | $-4.36 Million | 100.00% |
Millenium Bankshares Competitors by Market Cap
The table below lists competitors of Millenium Bankshares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GBX International Group Inc
PINK:GBXI
|
$0.95 |
|
PSH Group Holding Inc
PINK:GLHD
|
$0.95 |
|
Haber Inc
PINK:ASPT
|
$0.95 |
|
Apparel Manufacturing Associates Inc
PINK:APPM
|
$0.95 |
|
Premium Exploration Inc
PINK:PMMEF
|
$0.95 |
|
Nilam Resources Inc
PINK:NILA
|
$0.95 |
|
Firemans Contractors
PINK:FRCN
|
$0.95 |
|
Heartsoft Inc
PINK:HTSF
|
$0.95 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Millenium Bankshares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2009 to 2010, total equity changed from 3,443,000 to -4,364,000, a change of -7,807,000 (-226.7%).
- Net loss of 6,541,000 reduced equity.
- Other factors decreased equity by 1,266,000.
Equity Change Factors (2009 to 2010)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.54 Million | -149.89% |
| Other Changes | $-1.27 Million | -29.01% |
| Total Change | $- | -226.75% |
Book Value vs Market Value Analysis
This analysis compares Millenium Bankshares's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $233.30 | $0.00 | x |
| 2002-12-31 | $224.23 | $0.00 | x |
| 2003-12-31 | $189.56 | $0.00 | x |
| 2004-12-31 | $320.21 | $0.00 | x |
| 2005-12-31 | $266.77 | $0.00 | x |
| 2006-12-31 | $260.82 | $0.00 | x |
| 2007-12-31 | $215.53 | $0.00 | x |
| 2008-12-31 | $0.00 | $0.00 | x |
| 2009-12-31 | $0.00 | $0.00 | x |
| 2010-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Millenium Bankshares utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -192.44%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-44.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.11% | 5.79% | 0.10x | 11.72x | $-220.30K |
| 2001 | 8.16% | 6.09% | 0.08x | 17.83x | $-212.50K |
| 2002 | -22.23% | -17.29% | 0.07x | 19.76x | $-5.00 Million |
| 2003 | 6.06% | 4.52% | 0.07x | 19.69x | $-626.80K |
| 2004 | 4.26% | 10.81% | 0.05x | 7.89x | $-2.70 Million |
| 2005 | 3.43% | 6.52% | 0.06x | 8.84x | $-3.14 Million |
| 2006 | -1.01% | -1.95% | 0.04x | 12.44x | $-5.24 Million |
| 2007 | -27.20% | -36.78% | 0.05x | 13.47x | $-14.32 Million |
| 2008 | -120.86% | 0.00% | -0.02x | 21.71x | $-18.93 Million |
| 2009 | -344.55% | 0.00% | -0.01x | 70.02x | $-12.21 Million |
| 2010 | 0.00% | -192.44% | 0.02x | 0.00x | $-6.10 Million |
Industry Comparison
This section compares Millenium Bankshares's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Millenium Bankshares (MBVA) | $-4.36 Million | 7.11% | N/A | $0.95 |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |