Legends Bank Mortgage Rates, Fees & Info

Linn, MO

LEI: 254900T0CZ8ZKC5R7A88

Tax ID: 43-0380225

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Legends Bank is a smaller bank specializing in Home Purchase and Refi loans. Legends Bank has a high proportion of conventional loans. Their top two markets are Jefferson City and St. Louis .

    Legends Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    165

    Origination Dollar Volume (All Markets)

    $22,185,000

    Employee count

    83

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    JEFFERSON CITY, MO (FHA|USDA|VA) 93 $11,015,000 $118,441 $0 0.00%
    Outside of Metro Areas 49 $7,915,000 $161,531 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 23 $3,255,000 $141,522 $0 0.00%
    Legends Bank's top markets include Jefferson City and St. Louis among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $22,185,000 $134,455 $0 0.00%

    For 2018, Legends Bank's most frequently originated type of loan was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 95 $15,215,000 $160,158 $0 0.00%
    Refi 52 $5,740,000 $110,385 $0 0.00%
    Home Improvement 9 $605,000 $67,222 $0 0.00%
    Other 9 $625,000 $69,444 $0 0.00%

    For 2018, Legends Bank's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 165 $22,185,000 $134,455 $0 0.00%

    For 2018, Legends Bank's most frequently cited loan duration was Other, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $4,905,000 $55,112 $0 0.00%
    $100k-200k 53 $7,385,000 $139,340 $0 0.00%
    $200k-400k 18 $4,930,000 $273,889 $0 0.00%
    $600k-1MM 3 $2,205,000 $735,000 $0 0.00%
    $1MM+ 1 $2,355,000 $2,355,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2018 saw Legends Bank place emphasis on $100,000 or less loans with 89 originations, totaling $4,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 44 $3,140,000 $71,364 $0 0.00%
    $50k-75k 38 $4,270,000 $112,368 $0 0.00%
    $75k-100k 20 $2,000,000 $100,000 $0 0.00%
    $100k-150k 15 $2,495,000 $166,333 $0 0.00%
    $150k-250k 1 $135,000 $135,000 $0 0.00%
    $250k+ 1 $55,000 $55,000 $0 0.00%

    Legends Bank lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $50k-75k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 165 $22,185,000 $134,455 $0 0.00%

    Legends Bank lent most frequently to those with DTI ratios of Exempt%, with 165 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 126 $13,110,000 $104,048 $0 0.00%
    Not applicable 38 $9,050,000 $238,158 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.50%

    Legends Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.70%

    Legends Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 165 $22,185,000 $134,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $5,295,000 $756,429
    Single Family (1-4 Units):Manufactured 14 $890,000 $63,571
    Single Family (1-4 Units):Site-Built 144 $16,000,000 $111,111

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Legends Bank 1217 East Main Street Linn, MO 65051 Limited, Drive-thru $0
    Legends Bank 130 E Mc Carty St Jefferson City, MO 65102 Full Service B&M $21,859
    Legends Bank 1950 Highway 63 Westphalia, MO 65085 Full Service B&M $33,615
    Legends Bank 200 East Main Street Linn, MO 65051 Full Service B&M $129,062
    Legends Bank 204/206 Alvarado Avenue Belle, MO 65013 Full Service B&M $16,550
    Legends Bank 410 Hwy 50 East Union, MO 63084 Full Service B&M $13,022
    Legends Bank 600 West Missouri 72 Rolla, MO 65401 Full Service B&M $6,966
    Legends Bank 602 East Highway 28 Owensville, MO 65066 Full Service B&M $40,915
    Legends Bank 8201 Highway M Jefferson City, MO 65101 Full Service B&M $19,979
    Legends Bank Highway 50 Loose Creek Loose Creek, MO 65054 Full Service B&M $26,653

    For 2018, Legends Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,238
    Net interest income $13,952
    Total noninterest income $1,749
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,072
    Trading account gains and fees $0
    Additional Noninterest Income $677
    Pre-tax net operating income $6,900
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,241
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,241
    Minority interest net income $0
    Net income $5,241
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,241

    Legends Bank's gross interest income from loans was $15,238,000.
    Legends Bank's net interest income from loans was $13,952,000.
    Legends Bank's fee based income from loans was $1,072,000.
    Legends Bank's net income from loans was $5,241,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,286
    Provision for credit losses $360
    Total noninterest expense $8,441
    Salaries and employee benefits $5,422
    Premises and equipment expense $1,223
    Additional noninterest expense $1,796
    Applicable income taxes $1,659
    Net charge-offs $71
    Cash dividends $829

    Legends Bank's interest expense for loans was $1,286,000.
    Legends Bank's payroll and benefits expense were $5,422,000.
    Legends Bank's property, plant and equipment expenses $1,223,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 2.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.8%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $320,110
    Deposits held in domestic offices $320,110
    Deposits by Individuals, partnerships, and corporations $257,031
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $62,029
    Deposits by Commercial banks and other depository institutions in U.S. $1,050
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $139,790
    Demand deposits $70,310
    Nontransaction accounts $180,320
    Money market deposit accounts (MMDAs) $20,647
    Other savings deposits (excluding MMDAs) $62,016
    Total time deposits $97,657
    Total time and savings deposits $249,800
    Noninterest-bearing deposits $70,310
    Interest-bearing deposits $249,800
    Retail deposits $288,502
    IRAs and Keogh plan accounts $13,192
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $375,768
    Cash & Balances due from depository institutions $10,929
    Interest-bearing balances $5,746
    Total securities $70,072
    Federal funds sold & reverse repurchase $2,381
    Net loans and leases $281,038
    Loan and leases loss allowance $2,944
    Trading account assets $0
    Bank premises and fixed assets $4,655
    Other real estate owned $1,405
    Goodwill and other intangibles $464
    All other assets $4,824

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $375,768
    Total Liabilities $325,542
    Total deposits $320,110
    Interest-bearing deposits $249,800
    Deposits held in domestic offices $320,110
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $1,432

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $281,038
    Loan and leases loss allowance $2,944
    Total loans and leases (domestic) $283,982
    All real estate loans $215,388
    Real estate loans in domestic offices $215,388
    Construction and development loans $21,308
    Residential 1-4 family construction $15,982
    Other construction, all land development and other land $5,326
    Loans secured by nonfarm nonresidential properties $58,146
    Nonfarm nonresidential secured by owner-occupied properties $44,501
    Commercial real estate & other non-farm, non-residential $13,645
    Multifamily residential real estate $13,857
    1-4 family residential loans $86,137
    Farmland loans $35,940
    Loans held in foreign offices $0
    Farm loans $11,204
    Commercial and industrial loans $19,660
    To non-U.S. addressees $0
    Loans to individuals $32,049
    Credit card loans $839
    Related Plans $0
    Consumer Auto Loans $14,005
    Other loans to individuals $17,205
    All other loans & leases $5,681
    Loans to foreign governments and official institutions $0
    Other loans $133
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $711
    Non 1-4 family restructured loans & leases $338
    Total loans and leases (foreign) $0

    LEGENDS BANK had $281,038,000 of loans outstanding in 2018. $215,388,000 of loans were in real estate loans. $21,308,000 of loans were in development loans. $13,857,000 of loans were in multifamily mortgage loans. $86,137,000 of loans were in 1-4 family mortgage loans. $11,204,000 of loans were in farm loans. $839,000 of loans were in credit card loans. $14,005,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 175 $26,455 $151,171
    Nonfarm, nonresidential loans - <$100k 68 $2,484 $36,529
    Nonfarm, nonresidential loans - $100-250k 57 $6,498 $114,000
    Nonfarm, nonresidential loans - $250k-1MM 50 $17,473 $349,460
    Commercial & Industrial, US addressed loans - <$1MM 291 $16,557 $56,897
    Commercial & Industrial, US addressed loans - <$100k 242 $5,347 $22,095
    Commercial & Industrial, US addressed loans - $100-250k 25 $3,040 $121,600
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $8,170 $340,417
    Farmland loans - <$1MM 250 $25,501 $102,004
    Farmland loans - <$100k 118 $4,753 $40,280
    Farmland loans - $100-250k 99 $12,775 $129,040
    Farmland loans - $250k-1MM 33 $7,973 $241,606
    Agriculture operations loans - <$1MM 371 $11,203 $30,197
    Agriculture operations loans - <$100k 337 $6,694 $19,864
    Agriculture operations loans - $100-250k 26 $2,550 $98,077
    Agriculture operations loans - $250k-1MM 8 $1,959 $244,875