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
  • Complaints
  • 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.

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    Originations

    147

    Origination Dollar Volume (All Markets)

    $23,745,000

    Employee count

    80

    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) 76 $12,750,000 $167,763 $0 0.00%
    Outside of Metro Areas 52 $8,170,000 $157,115 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 19 $2,825,000 $148,684 $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 147 $23,745,000 $161,531 $0 0.00%

    For 2020, Legends Bank's most frequently originated type of loan was Conventional, with 147 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $17,075,000 $200,882 $0 0.00%
    Refi 48 $5,880,000 $122,500 $0 0.00%
    Home Improvement 7 $315,000 $45,000 $0 0.00%
    Other 7 $475,000 $67,857 $0 0.00%

    For 2020, Legends Bank's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 147 $23,745,000 $161,531 $0 0.00%

    For 2020, Legends Bank's most frequently cited loan duration was Other, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $4,105,000 $54,733 $0 0.00%
    $100k-200k 46 $6,520,000 $141,739 $0 0.00%
    $200k-400k 21 $5,635,000 $268,333 $0 0.00%
    $600k-1MM 3 $2,385,000 $795,000 $0 0.00%
    $1MM+ 2 $5,100,000 $2,550,000 $0 0.00%

    2020 saw Legends Bank place emphasis on $100,000 or less loans with 75 originations, totaling $4,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,530,000 $74,412 $0 0.00%
    $50k-75k 32 $4,210,000 $131,563 $0 0.00%
    $75k-100k 21 $2,255,000 $107,381 $0 0.00%
    $100k-150k 19 $2,365,000 $124,474 $0 0.00%
    $250k+ 7 $2,535,000 $362,143 $0 0.00%
    $150k-250k 5 $825,000 $165,000 $0 0.00%

    Legends Bank lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $50k-75k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 147 $23,745,000 $161,531 $0 0.00%

    Legends Bank lent most frequently to those with DTI ratios of Exempt%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 122 $15,000,000 $122,951 $0 0.00%
    Not applicable 25 $8,745,000 $349,800 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.37%

    Legends Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.76%

    Legends Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 147 $23,745,000 $161,531

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $5,865,000 $837,857
    Single Family (1-4 Units):Manufactured 10 $820,000 $82,000
    Single Family (1-4 Units):Site-Built 130 $17,060,000 $131,231

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    LEIJA ENTERPRISES, INC. Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Legends Bank 204/206 Alvarado Avenue Belle, MO 65013 Full Service B&M $19,011
    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 $22,056
    Legends Bank 1950 Highway 63 Westphalia, MO 65085 Full Service B&M $39,361
    Legends Bank 200 E Main St Linn, MO 65051 Full Service Cyber Office $246
    Legends Bank 200 East Main Street Linn, MO 65051 Full Service B&M $163,045
    Legends Bank 410 Hwy 50 East Union, MO 63084 Full Service B&M $16,570
    Legends Bank 600 West Missouri 72 Rolla, MO 65401 Full Service B&M $8,347
    Legends Bank 602 East Highway 28 Owensville, MO 65066 Full Service B&M $45,666
    Legends Bank 8201 Highway M Jefferson City, MO 65101 Full Service B&M $22,529
    Legends Bank Highway 50 Loose Creek Loose Creek, MO 65054 Full Service B&M $31,792

    For 2020, Legends Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,711
    Net interest income $16,220
    Total noninterest income $2,138
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $938
    Trading account gains and fees $0
    Additional Noninterest Income $1,200
    Pre-tax net operating income $8,816
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,801
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,801
    Minority interest net income $0
    Net income $6,801
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,801

    Legends Bank's gross interest income from loans was $17,711,000.
    Legends Bank's net interest income from loans was $16,220,000.
    Legends Bank's fee based income from loans was $938,000.
    Legends Bank's net income from loans was $6,801,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,491
    Provision for credit losses $975
    Total noninterest expense $8,567
    Salaries and employee benefits $5,560
    Premises and equipment expense $846
    Additional noninterest expense $2,161
    Applicable income taxes $2,015
    Net charge-offs $147
    Cash dividends $452

    Legends Bank's interest expense for loans was $1,491,000.
    Legends Bank's payroll and benefits expense were $5,560,000.
    Legends Bank's property, plant and equipment expenses $846,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 7.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    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 0.0%
    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 $382,464
    Deposits held in domestic offices $382,464
    Deposits by Individuals, partnerships, and corporations $316,601
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $65,863
    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 $185,264
    Demand deposits $93,495
    Nontransaction accounts $197,200
    Money market deposit accounts (MMDAs) $22,707
    Other savings deposits (excluding MMDAs) $81,101
    Total time deposits $93,392
    Total time and savings deposits $288,969
    Noninterest-bearing deposits $93,495
    Interest-bearing deposits $288,969
    Retail deposits $354,614
    IRAs and Keogh plan accounts $14,579
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $453,423
    Cash & Balances due from depository institutions $65,274
    Interest-bearing balances $58,211
    Total securities $77,992
    Federal funds sold & reverse repurchase $0
    Net loans and leases $298,834
    Loan and leases loss allowance $3,823
    Trading account assets $0
    Bank premises and fixed assets $6,255
    Other real estate owned $303
    Goodwill and other intangibles $270
    All other assets $4,495

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $453,423
    Total Liabilities $389,698
    Total deposits $382,464
    Interest-bearing deposits $288,969
    Deposits held in domestic offices $382,464
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,000
    Subordinated debt $0
    All other liabilities $1,234

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $298,834
    Loan and leases loss allowance $3,823
    Total loans and leases (domestic) $302,657
    All real estate loans $233,652
    Real estate loans in domestic offices $233,652
    Construction and development loans $24,524
    Residential 1-4 family construction $16,546
    Other construction, all land development and other land $7,978
    Loans secured by nonfarm nonresidential properties $64,864
    Nonfarm nonresidential secured by owner-occupied properties $51,409
    Commercial real estate & other non-farm, non-residential $13,455
    Multifamily residential real estate $19,434
    1-4 family residential loans $86,829
    Farmland loans $38,001
    Loans held in foreign offices $0
    Farm loans $11,443
    Commercial and industrial loans $20,311
    To non-U.S. addressees $0
    Loans to individuals $31,567
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $15,873
    Other loans to individuals $15,694
    All other loans & leases $5,684
    Loans to foreign governments and official institutions $0
    Other loans $130
    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 $257
    Non 1-4 family restructured loans & leases $78
    Total loans and leases (foreign) $0

    LEGENDS BANK had $298,834,000 of loans outstanding in 2020. $233,652,000 of loans were in real estate loans. $24,524,000 of loans were in development loans. $19,434,000 of loans were in multifamily mortgage loans. $86,829,000 of loans were in 1-4 family mortgage loans. $11,443,000 of loans were in farm loans. $0 of loans were in credit card loans. $15,873,000 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 $28,924 $153,851
    Nonfarm, nonresidential loans - <$100k 73 $2,438 $33,397
    Nonfarm, nonresidential loans - $100-250k 60 $6,980 $116,333
    Nonfarm, nonresidential loans - $250k-1MM 55 $19,506 $354,655
    Commercial & Industrial, US addressed loans - <$1MM 368 $17,329 $47,090
    Commercial & Industrial, US addressed loans - <$100k 310 $7,059 $22,771
    Commercial & Industrial, US addressed loans - $100-250k 37 $3,961 $107,054
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $6,309 $300,429
    Farmland loans - <$1MM 227 $25,002 $110,141
    Farmland loans - <$100k 98 $3,970 $40,510
    Farmland loans - $100-250k 90 $10,795 $119,944
    Farmland loans - $250k-1MM 39 $10,237 $262,487
    Agriculture operations loans - <$1MM 374 $11,443 $30,596
    Agriculture operations loans - <$100k 339 $6,818 $20,112
    Agriculture operations loans - $100-250k 26 $2,985 $114,808
    Agriculture operations loans - $250k-1MM 9 $1,640 $182,222