Legend Bank, N.A. Reports – 100357

Legend Bank, N.A. Financial Reports

Quater Ended: 2023-12-31

Legend Bank, N.A. is a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC) located in Bowie, TX. Established on 03/01/1890, the bank is regulated by the OCC and has 15 domestic offices. It operates in the N/A.

The bank has 200 employees and holds $1,092,878k in total assets. With a focus on community banking, the bank has been serving its customers since 03/01/1890.

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Legend Bank, N.A. Institution Profile

Established Date 03/01/1890 Institution Class Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC)
Primary Regulator OCC Number of Domestic Offices 15
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 200 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 76230
Ownership Type Not Mutual City Bowie
State Alpha code TX State and County Number 48337
Subchapter S Corporations Yes Trust Powers Trust Powers Not Known
Federal Reserve ID Number 11 Federal Reserve ID Number Description DALLAS
Office of The Comptroller District: SOUTHERN DISTRICT Office of Thrift Supervision Region West
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Legend Bank, N.A. with our “Institution Profile” table. The 03/01/1890 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC), the bank operates under the oversight of OCC, ensuring compliance and regulatory adherence.

15 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Bowie, TX, and 76230 provide geographic context. Explore these attributes to gain a holistic view of Legend Bank, N.A. in the financial landscape.

Legend Bank, N.A. Financials

(USD, in thousands)

Total Assets 1,092,878 Total Liabilities 1,005,102
Total Equity Capital 87,776 Total Deposits 940,544
Net Loans and Leases 724,107 Total Interest Income 14,167
Total Noninterest Income 1,787 Total Interest Expense 3,758
Total Noninterest Expense 8,037 Tier 1 Risk-Based Capital Ratio 13
Net Loans and Leases to Core Deposits 85 Return on Assets 2
Return on Equity 20 Efficiency Ratio 65

Financial Performance Overview

Gain a comprehensive perspective on Legend Bank, N.A.’s financial landscape through our “Financials” table. The bank boasts total assets of $1,092,878k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $1,005,102k and total equity capital at $87,776k.

Delve into key operational metrics, including total deposits of $940,544k, net loans and leases at $724k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 12.8382, and Return on Assets at 1.52. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Legend Bank, N.A.’s performance and competitive positioning within the financial industry.

Legend Bank, N.A. Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 64 Net Loans and Leases to Core Deposits 85
Tier 1 Risk-Based Capital Ratio 13 Securities Gains (Losses) 0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 2
Yield on Earning Assets 6 Total Interest Income 14,167
Applicable Income Taxes 0 Loss Allowance to Loans and Leases 1
Net Loans and Leases 724,107 Loss Allowance to Noncurrent Loans and Leases 630
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 4,059
Net Interest Income 10,409 Net Interest Margin 4
Net Operating Income to Assets 2 Noninterest Income to Average Assets 1
Total Noninterest Income 1,787 Noninterest Expense to Average Assets 3
Total Noninterest Expense 8,037 Net Charge-Offs to Loans and Leases 0
All Other Assets 39,011 Other Real Estate Owned 0
Other borrowed funds 50,000 Pre-tax Net Operating Income 4,059
Pretax Return on Assets 2 Return on Assets 2
Retained Earnings to Average Equity (YTD only) 10

Insights into Financial Metrics

Enhance your understanding of Legend Bank, N.A.’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $724,107k and Net Interest Income $10,409k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 12.8382 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.04 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$1,787k and evaluate operational efficiency using metrics like Efficiency Ratio: 65.44. This nuanced financial overview empowers a comprehensive analysis of Legend Bank, N.A.’s strategic financial position and performance in the industry.

This table provides key financial information about Legend Bank, N.A.. Get more data about Legend Bank, N.A. on Visbanking Report Portal.