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 a below average pick rate when compared to similar lenders.

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    Originations

    144

    Origination Dollar Volume (All Markets)

    $28,710,000

    Employee count

    87

    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) 79 $15,475,000 $195,886 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 19 $6,765,000 $356,053 $0 0.00%
    Outside of Metro Areas 46 $6,470,000 $140,652 $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 144 $28,710,000 $199,375 $0 0.00%

    For 2021, Legends Bank's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $16,700,000 $177,660 $0 0.00%
    Refi 41 $11,195,000 $273,049 $0 0.00%
    Home Improvement 5 $435,000 $87,000 $0 0.00%
    Other 4 $380,000 $95,000 $0 0.00%

    For 2021, Legends Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 144 $28,710,000 $199,375 $0 0.00%

    For 2021, Legends Bank's most frequently cited loan duration was Other, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,245,000 $56,930 $0 0.00%
    $100k-200k 53 $7,685,000 $145,000 $0 0.00%
    $200k-400k 23 $5,885,000 $255,870 $0 0.00%
    $400k-600k 5 $2,395,000 $479,000 $0 0.00%
    $1MM+ 4 $8,250,000 $2,062,500 $0 0.00%
    $600k-1MM 2 $1,250,000 $625,000 $0 0.00%

    2021 saw Legends Bank place emphasis on $100,000 or less loans with 57 originations, totaling $3,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 33 $3,935,000 $119,242 $0 0.00%
    $50k or less 33 $2,985,000 $90,455 $0 0.00%
    $75k-100k 21 $3,305,000 $157,381 $0 0.00%
    $100k-150k 13 $2,385,000 $183,462 $0 0.00%
    $150k-250k 5 $975,000 $195,000 $0 0.00%
    $250k+ 3 $815,000 $271,667 $0 0.00%

    Legends Bank lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $50k or less, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 144 $28,710,000 $199,375 $0 0.00%

    Legends Bank lent most frequently to those with DTI ratios of Exempt%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $14,150,000 $131,019 $0 0.00%
    Not applicable 32 $13,840,000 $432,500 $0 0.00%
    Black 1 $245,000 $245,000 $0 0.00%
    Not provided 2 $240,000 $120,000 $0 0.00%
    Asian 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.51%

    Legends Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    87.50%

    Legends Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 144 $28,710,000 $199,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    144 $28,710,000 $199,375

    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 $23,675
    Legends Bank 1950 Highway 63 Westphalia, MO 65085 Full Service B&M $44,265
    Legends Bank 200 E Main St Linn, MO 65051 Full Service Cyber Office $677
    Legends Bank 200 East Main Street Linn, MO 65051 Full Service B&M $158,549
    Legends Bank 204/206 Alvarado Avenue Belle, MO 65013 Full Service B&M $22,985
    Legends Bank 410 Hwy 50 East Union, MO 63084 Full Service B&M $17,382
    Legends Bank 600 West Missouri 72 Rolla, MO 65401 Full Service B&M $10,898
    Legends Bank 602 East Highway 28 Owensville, MO 65066 Full Service B&M $59,615
    Legends Bank 8201 Highway M Jefferson City, MO 65101 Full Service B&M $26,985
    Legends Bank Highway 50 Loose Creek Loose Creek, MO 65054 Full Service B&M $36,429

    For 2021, Legends Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,780
    Net interest income $16,012
    Total noninterest income $2,458
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $972
    Trading account gains and fees $0
    Additional Noninterest Income $1,486
    Pre-tax net operating income $8,928
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,871
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,871
    Minority interest net income $0
    Net income $6,871
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,871

    Legends Bank's gross interest income from loans was $16,780,000.
    Legends Bank's net interest income from loans was $16,012,000.
    Legends Bank's fee based income from loans was $972,000.
    Legends Bank's net income from loans was $6,871,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $768
    Provision for credit losses $300
    Total noninterest expense $9,242
    Salaries and employee benefits $6,001
    Premises and equipment expense $1,014
    Additional noninterest expense $2,227
    Applicable income taxes $2,057
    Net charge-offs $126
    Cash dividends $567

    Legends Bank's interest expense for loans was $768,000.
    Legends Bank's payroll and benefits expense were $6,001,000.
    Legends Bank's property, plant and equipment expenses $1,014,000.

    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 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 $384,896
    Deposits held in domestic offices $384,896
    Deposits by Individuals, partnerships, and corporations $354,072
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $30,824
    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 $195,908
    Demand deposits $106,700
    Nontransaction accounts $188,988
    Money market deposit accounts (MMDAs) $25,037
    Other savings deposits (excluding MMDAs) $95,022
    Total time deposits $68,929
    Total time and savings deposits $278,196
    Noninterest-bearing deposits $106,700
    Interest-bearing deposits $278,196
    Retail deposits $376,801
    IRAs and Keogh plan accounts $15,286
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $457,808
    Cash & Balances due from depository institutions $39,119
    Interest-bearing balances $34,598
    Total securities $99,607
    Federal funds sold & reverse repurchase $0
    Net loans and leases $306,311
    Loan and leases loss allowance $3,997
    Trading account assets $0
    Bank premises and fixed assets $7,582
    Other real estate owned $170
    Goodwill and other intangibles $173
    All other assets $4,846

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $457,808
    Total Liabilities $388,919
    Total deposits $384,896
    Interest-bearing deposits $278,196
    Deposits held in domestic offices $384,896
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,000
    Subordinated debt $0
    All other liabilities $2,023

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $306,311
    Loan and leases loss allowance $3,997
    Total loans and leases (domestic) $310,308
    All real estate loans $236,949
    Real estate loans in domestic offices $236,949
    Construction and development loans $23,911
    Residential 1-4 family construction $10,611
    Other construction, all land development and other land $13,300
    Loans secured by nonfarm nonresidential properties $66,664
    Nonfarm nonresidential secured by owner-occupied properties $52,344
    Commercial real estate & other non-farm, non-residential $14,320
    Multifamily residential real estate $28,391
    1-4 family residential loans $78,841
    Farmland loans $39,142
    Loans held in foreign offices $0
    Farm loans $13,585
    Commercial and industrial loans $21,818
    To non-U.S. addressees $0
    Loans to individuals $32,822
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $17,212
    Other loans to individuals $15,610
    All other loans & leases $5,134
    Loans to foreign governments and official institutions $0
    Other loans $624
    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 $211
    Non 1-4 family restructured loans & leases $211
    Total loans and leases (foreign) $0

    LEGENDS BANK had $306,311,000 of loans outstanding in 2021. $236,949,000 of loans were in real estate loans. $23,911,000 of loans were in development loans. $28,391,000 of loans were in multifamily mortgage loans. $78,841,000 of loans were in 1-4 family mortgage loans. $13,585,000 of loans were in farm loans. $0 of loans were in credit card loans. $17,212,000 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 177 $24,301 $137,294
    Nonfarm, nonresidential loans - <$100k 64 $2,237 $34,953
    Nonfarm, nonresidential loans - $100-250k 68 $7,811 $114,868
    Nonfarm, nonresidential loans - $250k-1MM 45 $14,253 $316,733
    Commercial & Industrial, US addressed loans - <$1MM 292 $15,536 $53,205
    Commercial & Industrial, US addressed loans - <$100k 240 $5,554 $23,142
    Commercial & Industrial, US addressed loans - $100-250k 32 $3,215 $100,469
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $6,767 $338,350
    Farmland loans - <$1MM 212 $23,619 $111,410
    Farmland loans - <$100k 85 $3,578 $42,094
    Farmland loans - $100-250k 89 $10,347 $116,258
    Farmland loans - $250k-1MM 38 $9,694 $255,105
    Agriculture operations loans - <$1MM 372 $12,887 $34,642
    Agriculture operations loans - <$100k 333 $7,061 $21,204
    Agriculture operations loans - $100-250k 28 $3,362 $120,071
    Agriculture operations loans - $250k-1MM 11 $2,464 $224,000