Legend Bank, N.A. Reports – 100357

Legend Bank, N.A. Financial Reports

Quarter Ended: 2024-12-31

Data Updated on: 02/07/2025

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 197 employees and holds $1,138,211k 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 197 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 N/A
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 $1,138,211 Total Liabilities $1,046,525
Total Equity Capital $91,686 Total Deposits $1,033,151
Net Loans and Leases $798,015 Total Interest Income $16,537
Total Noninterest Income $1,729 Total Interest Expense $4,675
Total Noninterest Expense $8,567 Tier 1 Risk-Based Capital Ratio 12.57%
Net Loans and Leases to Core Deposits N/A Return on Assets 1.52%
Return on Equity 17.86% Efficiency Ratio 62.61%

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 $1,138,211k, 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 $1,046,525k and total equity capital at $91,686k.

Delve into key operational metrics, including total deposits of $1,033,151k, net loans and leases at $798k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 12.5662, 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) N/A Net Loans and Leases to Core Deposits N/A
Tier 1 Risk-Based Capital Ratio 12.57% Securities Gains (Losses) $0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 0.00%
Yield on Earning Assets 6.37% Total Interest Income $16,537
Applicable Income Taxes $0 Loss Allowance to Loans and Leases 1.29%
Net Loans and Leases $798,015 Loss Allowance to Noncurrent Loans and Leases 99.06%
Noncurrent Loans to Loans 1.30% Net Income Attributable to Bank and Noncontrolling Interests $4,274
Net Interest Income $11,862 Net Interest Margin 4.57%
Net Operating Income to Assets 1.52% Noninterest Income to Average Assets 0.61%
Total Noninterest Income $1,729 Noninterest Expense to Average Assets 3.04%
Total Noninterest Expense $8,567 Net Charge-Offs to Loans and Leases 0.04%
All Other Assets N/A Other Real Estate Owned $0
Other borrowed funds $0 Pre-tax Net Operating Income $4,274
Pretax Return on Assets 1.52% Return on Assets 1.52%
Retained Earnings to Average Equity (YTD only) N/A

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: $798,015k and Net Interest Income $11,862k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 12.5662 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: $1,729k and evaluate operational efficiency using metrics like Efficiency Ratio: 62.61. This nuanced financial overview empowers a comprehensive analysis of Legend Bank, N.A.‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Legend Bank, N.A.?

The asset size of Legend Bank, N.A. is approximately $1,138,211k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Legend Bank, N.A. compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Legend Bank, N.A., this ratio stands at
77.24%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for Legend Bank, N.A.?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 12.5662.

What is the net interest margin of Legend Bank, N.A., and how has it trended over the past year?

The current net interest margin is 4.57. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Legend Bank, N.A.’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Legend Bank, N.A., this stands at 1.3036.

Are there any recent regulatory changes that could impact Legend Bank, N.A.’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Legend Bank, N.A.. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Legend Bank, N.A.?

Legend Bank, N.A. was established on 03/01/1890. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Legend Bank, N.A. FDIC insured?

Yes, Legend Bank, N.A. is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Legend Bank, N.A. in OK?

The routing number for Legend Bank, N.A. in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Legend Bank, N.A.?

Legend Bank, N.A. is a significant player in the financial sector with total assets valued at $1,138,211k and a network of 15 domestic offices.

Is Legend Bank, N.A. a local bank?

Legend Bank, N.A. is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

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