Millennium Bankshares Announces Record Second Quarter Earnings of $834 Thousand; 87% Increase from Prior Year; YTD Earnings up $530 Thousand or 47% from Prior YTD.

Business WireJuly 19, 2006

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Millennium Bankshares Announces Record Second Quarter Earnings of $834 Thousand; 87% Increase from Prior Year; YTD Earnings up $530 Thousand or 47% from Prior YTD.

RESTON, Va. -- Millennium Bankshares Corporation (Nasdaq:MBVA):

--Earnings per share for the quarter of $0.09, up 80% from prior year

--Earnings per share for year-to-date of $0.18, up 39% from prior YTD

--Assets grow 15% over first six months of 2006 to $486 million

Millennium Bankshares Corporation (Nasdaq:MBVA) today announced record net income for the quarter ended June 30, 2006 of $834,000, or $0.09 per share, versus $446,000, or $0.05 per share, for the same period in 2005, an increas...

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