Legends Bank Mortgage Rates, Fees & Info

Linn, MO

LEI: 254900T0CZ8ZKC5R7A88

Tax ID: 43-0380225

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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 an above 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.

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    Originations

    165

    Origination Dollar Volume (All Markets)

    $19,715,000

    Employee count

    82

    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) 90 $10,680,000 $118,667 $0 0.00%
    Outside of Metro Areas 54 $6,690,000 $123,889 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 21 $2,345,000 $111,667 $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 $19,715,000 $119,485 $0 0.00%

    For 2019, 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 97 $13,515,000 $139,330 $0 0.00%
    Refi 50 $5,530,000 $110,600 $0 0.00%
    Other 10 $390,000 $39,000 $0 0.00%
    Home Improvement 8 $280,000 $35,000 $0 0.00%

    For 2019, Legends Bank's most frequently cited loan purpose was Home Purchase, with 97 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 165 $19,715,000 $119,485 $0 0.00%

    For 2019, 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 98 $5,060,000 $51,633 $0 0.00%
    $100k-200k 49 $6,935,000 $141,531 $0 0.00%
    $200k-400k 12 $3,530,000 $294,167 $0 0.00%
    $600k-1MM 4 $2,660,000 $665,000 $0 0.00%
    $1MM+ 1 $1,125,000 $1,125,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2019 saw Legends Bank place emphasis on $100,000 or less loans with 98 originations, totaling $5,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 51 $4,015,000 $78,725 $0 0.00%
    $50k-75k 29 $2,575,000 $88,793 $0 0.00%
    $75k-100k 17 $1,785,000 $105,000 $0 0.00%
    $100k-150k 12 $1,690,000 $140,833 $0 0.00%
    $150k-250k 4 $410,000 $102,500 $0 0.00%

    Legends Bank lent most frequently to those with incomes in the $50k or less range, with 51 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 165 $19,715,000 $119,485 $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 122 $11,320,000 $92,787 $0 0.00%
    Not applicable 42 $8,160,000 $194,286 $0 0.00%
    Asian 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.12%

    Legends Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.36%

    Legends Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 165 $19,715,000 $119,485

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $4,570,000 $457,000
    Single Family (1-4 Units):Manufactured 15 $885,000 $59,000
    Single Family (1-4 Units):Site-Built 140 $14,260,000 $101,857

    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 $21,710
    Legends Bank 1950 Highway 63 Westphalia, MO 65085 Full Service B&M $34,137
    Legends Bank 200 East Main Street Linn, MO 65051 Full Service B&M $148,820
    Legends Bank 204/206 Alvarado Avenue Belle, MO 65013 Full Service B&M $17,979
    Legends Bank 410 Hwy 50 East Union, MO 63084 Full Service B&M $15,858
    Legends Bank 600 West Missouri 72 Rolla, MO 65401 Full Service B&M $6,971
    Legends Bank 602 East Highway 28 Owensville, MO 65066 Full Service B&M $42,301
    Legends Bank 8201 Highway M Jefferson City, MO 65101 Full Service B&M $18,851
    Legends Bank Highway 50 Loose Creek Loose Creek, MO 65054 Full Service B&M $26,918

    For 2019, Legends Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,400
    Net interest income $15,366
    Total noninterest income $2,221
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,200
    Trading account gains and fees $0
    Additional Noninterest Income $1,021
    Pre-tax net operating income $8,434
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,360
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,360
    Minority interest net income $0
    Net income $6,360
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,360

    Legends Bank's gross interest income from loans was $17,400,000.
    Legends Bank's net interest income from loans was $15,366,000.
    Legends Bank's fee based income from loans was $1,200,000.
    Legends Bank's net income from loans was $6,360,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,034
    Provision for credit losses $360
    Total noninterest expense $8,793
    Salaries and employee benefits $5,643
    Premises and equipment expense $1,361
    Additional noninterest expense $1,789
    Applicable income taxes $2,074
    Net charge-offs $309
    Cash dividends $437

    Legends Bank's interest expense for loans was $2,034,000.
    Legends Bank's payroll and benefits expense were $5,643,000.
    Legends Bank's property, plant and equipment expenses $1,361,000.

    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 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $331,725
    Deposits held in domestic offices $331,725
    Deposits by Individuals, partnerships, and corporations $264,402
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $67,323
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $143,683
    Demand deposits $68,953
    Nontransaction accounts $188,042
    Money market deposit accounts (MMDAs) $21,266
    Other savings deposits (excluding MMDAs) $66,280
    Total time deposits $100,496
    Total time and savings deposits $262,772
    Noninterest-bearing deposits $68,953
    Interest-bearing deposits $262,772
    Retail deposits $300,403
    IRAs and Keogh plan accounts $13,126
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $394,059
    Cash & Balances due from depository institutions $9,492
    Interest-bearing balances $4,980
    Total securities $74,424
    Federal funds sold & reverse repurchase $4,043
    Net loans and leases $294,570
    Loan and leases loss allowance $2,995
    Trading account assets $0
    Bank premises and fixed assets $5,218
    Other real estate owned $1,465
    Goodwill and other intangibles $367
    All other assets $4,480

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $394,059
    Total Liabilities $337,205
    Total deposits $331,725
    Interest-bearing deposits $262,772
    Deposits held in domestic offices $331,725
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $1,480

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $294,570
    Loan and leases loss allowance $2,995
    Total loans and leases (domestic) $297,565
    All real estate loans $230,328
    Real estate loans in domestic offices $230,328
    Construction and development loans $21,061
    Residential 1-4 family construction $12,668
    Other construction, all land development and other land $8,393
    Loans secured by nonfarm nonresidential properties $64,034
    Nonfarm nonresidential secured by owner-occupied properties $48,344
    Commercial real estate & other non-farm, non-residential $15,690
    Multifamily residential real estate $17,550
    1-4 family residential loans $87,332
    Farmland loans $40,351
    Loans held in foreign offices $0
    Farm loans $11,530
    Commercial and industrial loans $19,925
    To non-U.S. addressees $0
    Loans to individuals $30,270
    Credit card loans $781
    Related Plans $0
    Consumer Auto Loans $13,807
    Other loans to individuals $15,682
    All other loans & leases $5,512
    Loans to foreign governments and official institutions $0
    Other loans $205
    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 $508
    Non 1-4 family restructured loans & leases $323
    Total loans and leases (foreign) $0

    LEGENDS BANK had $294,570,000 of loans outstanding in 2019. $230,328,000 of loans were in real estate loans. $21,061,000 of loans were in development loans. $17,550,000 of loans were in multifamily mortgage loans. $87,332,000 of loans were in 1-4 family mortgage loans. $11,530,000 of loans were in farm loans. $781,000 of loans were in credit card loans. $13,807,000 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 188 $30,275 $161,037
    Nonfarm, nonresidential loans - <$100k 73 $2,692 $36,877
    Nonfarm, nonresidential loans - $100-250k 57 $6,683 $117,246
    Nonfarm, nonresidential loans - $250k-1MM 58 $20,900 $360,345
    Commercial & Industrial, US addressed loans - <$1MM 288 $13,944 $48,417
    Commercial & Industrial, US addressed loans - <$100k 246 $5,443 $22,126
    Commercial & Industrial, US addressed loans - $100-250k 24 $2,679 $111,625
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $5,822 $323,444
    Farmland loans - <$1MM 244 $26,862 $110,090
    Farmland loans - <$100k 109 $4,684 $42,972
    Farmland loans - $100-250k 101 $12,995 $128,663
    Farmland loans - $250k-1MM 34 $9,183 $270,088
    Agriculture operations loans - <$1MM 368 $11,530 $31,332
    Agriculture operations loans - <$100k 336 $7,006 $20,851
    Agriculture operations loans - $100-250k 24 $2,505 $104,375
    Agriculture operations loans - $250k-1MM 8 $2,019 $252,375