Millennial Bank is a state-chartered bank headquartered in Leeds, Alabama, in business for about 29 years. At the end of Q2 2026 it reported $201.3M in total assets and $183.9M in deposits, with 2 offices.
Millennial Bank has a TellerScore of 64 out of 100 (moderate) based on Q2 2026 data — higher than only 26% of its 2,650 banks with $100 million – $1 billion. Among 93 banks headquartered in Alabama, it ranks 69th. Loan quality contributes the most (100/100, 0.00%); capital cushion contributes the least (38/100, 8.78%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 2 points (62 → 64), mostly because the earnings component improved by 5 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 60 |
| Q3 2024 | 61 |
| Q4 2024 | 47 |
| Q1 2025 | 46 |
| Q2 2025 | 62 |
| Q3 2025 | 63 |
| Q4 2025 | 63 |
| Q1 2026 | 63 |
| Q2 2026 | 64 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.72% |
| Q3 2024 | 8.57% |
| Q4 2024 | 8.68% |
| Q1 2025 | 8.68% |
| Q2 2025 | 8.86% |
| Q3 2025 | 8.87% |
| Q4 2025 | 8.66% |
| Q1 2026 | 8.69% |
| Q2 2026 | 8.78% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.09% |
| Q3 2024 | 0.24% |
| Q4 2024 | 1.60% |
| Q1 2025 | 1.83% |
| Q2 2025 | 0.03% |
| Q3 2025 | 0.03% |
| Q4 2025 | 0.03% |
| Q1 2026 | 0.07% |
| Q2 2026 | 0.00% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.51% |
| Q3 2024 | 0.57% |
| Q4 2024 | 0.62% |
| Q1 2025 | 0.56% |
| Q2 2025 | 0.64% |
| Q3 2025 | 0.67% |
| Q4 2025 | 0.70% |
| Q1 2026 | 0.73% |
| Q2 2026 | 0.75% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 64 | $201.3M | 8.78% | 0.00% | 0.75% | 88.1% |
| Q1 2026 | 63 | $199.9M | 8.69% | 0.07% | 0.73% | 84.4% |
| Q4 2025 | 63 | $194.8M | 8.66% | 0.03% | 0.70% | 89.4% |
| Q3 2025 | 63 | $189.6M | 8.87% | 0.03% | 0.67% | 81.8% |
| Q2 2025 | 62 | $181.6M | 8.86% | 0.03% | 0.64% | 82.4% |
| Q1 2025 | 46 | $176.5M | 8.68% | 1.83% | 0.56% | 79.8% |
| Q4 2024 | 47 | $171.0M | 8.68% | 1.60% | 0.62% | 80.1% |
| Q3 2024 | 61 | $172.3M | 8.57% | 0.24% | 0.57% | 82.5% |
| Q2 2024 | 60 | $167.1M | 8.72% | 0.09% | 0.51% | 81.2% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Alabama
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| PeoplesTrust BankBank Hamilton, AL | 73 out of 100, Strong | $201.2M | 11.1% | 0.45% | vs |
| First Cahawba BankBank Selma, AL | 74 out of 100, Strong | $205.7M | 10.8% | 0.12% | vs |
| Community Neighbor BankBank Camden, AL | 69 out of 100, Moderate | $193.2M | 11.1% | 1.30% | vs |
| Union State BankBank Pell City, AL | 50 out of 100, Below average | $212.5M | 9.6% | 2.00% | vs |
| First Federal Bank, A FSBBank Tuscaloosa, AL | 55 out of 100, Moderate | $182.6M | 7.8% | 0.60% | vs |
| Friend BankBank Slocomb, AL | 85 out of 100, Very strong | $221.0M | 13.5% | 0.48% | vs |
Deposit insurance
Is my money safe at Millennial Bank?
Yes. Millennial Bank is an FDIC-insured institution (FDIC certificate #34460). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 34.3% of deposits ($63.1M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 8.78%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 10.45% (benchmark: 10%).
2 locations
Branches
Millennial Bank lists 2 offices in 2 cities. Most locations:
- Birmingham, AL (1)
- Leeds, AL (1)
Identity & history
Profile
- Legal name
- Millennial Bank
- Former names
- Covenant Bank
- Type
- State-chartered bank
- FDIC certificate #
- 34460
- RSSD ID
- 2621285
- Primary regulator
- FDIC
- Established
- December 30, 1997
- Headquarters
- 7924 Parkway Dr, Leeds, AL 35094
- Website
- www.millennial.bank
- Employees
- 20
Quick answers
Millennial Bank: common questions
Is Millennial Bank FDIC insured?
Yes. Millennial Bank is an FDIC-insured institution (FDIC certificate #34460). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Millennial Bank's TellerScore?
64 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Millennial Bank ever failed?
There is no failure record for FDIC certificate #34460 in the FDIC failed bank list.
How many branches does Millennial Bank have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Leeds
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Omaha Public Power Dist Emp Federal Credit UnionCredit union Omaha, NE | 98 out of 100, Very strong | $34.8M | 25.2% | 0.00% | vs |
| Alabama Postal Credit UnionCredit union Birmingham, AL | 96 out of 100, Very strong | $6.4M | 44.5% | 0.28% | vs |
| Rocket City Federal Credit UnionCredit union Huntsville, AL | 94 out of 100, Very strong | $69.1M | 17.3% | 0.17% | vs |
| Acipco Federal Credit UnionCredit union Birmingham, AL | 94 out of 100, Very strong | $221.5M | 14.4% | 0.21% | vs |
| Aod Federal Credit UnionCredit union Bynum, AL | 89 out of 100, Very strong | $466.7M | 16.4% | 0.53% | vs |
| Coosa Pines Federal Credit UnionCredit union Childersburg, AL | 88 out of 100, Very strong | $420.8M | 16.2% | 0.87% | vs |