Legacy Bank
Grundy, VA
IDRSSD: 268828
Total Assets
$358.72M
Latest filing
Total Deposits
$293.90M
Latest filing
Net Interest Margin
3.07%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Legacy Bank
20957 Riverside Dr
Grundy, VA 24614
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/21/1964FDIC Certificate 12852
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Legacy Bank (Main) | 20957 Riverside Dr | Grundy, VA |
| RIVERSIDE DRIVE BRANCH | 20957 Riverside Dr | Grundy, VA |
| ABINGDON BRANCH | 498 Cummings St | Abingdon, VA |
| CLINCH VALLEY BANK BRANCH | 12660 Governor G C Peery Hwy | Pounding Mill, VA |
Showing 3 of 3
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 01/21/1964 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 24614 |
| State and County Number | 51027 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 05 |
| Numeric code | 13 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Atlanta |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 49 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/21/1964 |
| Primary Insurance Agency | DIF |
| Website | www.mylegacybank.net |
| Data Updated | 11/14/2025 |
| CERT | 19011 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $358.72M |
| Total Deposits | $293.90M |
| Total Liabilities | $294.93M |
| Total Equity Capital | $63.79M |
| Net Income | $759.00k |
| Net Loans and Leases | $208.42M |
| Assets Per Employee ($Millions) | $7.17M |
| Bank Premises and Fixed Assets | $6.18M |
| Cash and Balances due from Depository Institutions | $24.88M |
| Deposits Held in Domestic Offices | $293.90M |
Key Performance Ratios
| Return on Assets (ROA) | 0.85% |
| Return on Equity (ROE) | 4.86% |
| Net Interest Margin | 3.07% |
| Efficiency Ratio | 65.71% |
| Tier 1 Risk-Based Capital Ratio | 29.713% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 17.784% |
| Earning Assets to total Assets | 91.46% |
Income and Expense
| Total Interest Income | $4.06M |
| Total Noninterest Income | $88.00k |
| Total Interest Expense | $1.56M |
| Total Noninterest Expense | $1.70M |
| Net Interest Income | $2.50M |
| Pre-tax Net Operating Income | $886.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $1.26M |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.03M |
| Total Liabilities and Capital | $358.72M |
Securities
| Securities | $99.40M |
| Available-for-sale debt securities | $99.40M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Legacy Bank?
$358.72M as of the latest filing.
How much are Legacy Bank's total deposits?
$293.90M in total deposits.
Where is Legacy Bank located?
Grundy, VA.
What is the Net Interest Margin?
3.07%.
How many domestic offices does it operate?
4.
When was it established?
01/21/1964.
What is the Return on Assets (ROA)?
0.85%.
How much are total loans and leases?
$208.42M (latest filing).
What is the total interest income (latest filing)?
$4.06M.