Legacy National Bank Mortgage Rates, Fees & Info

Springdale, AR

LEI: 549300AR337B2RGP3C69

Tax ID: 20-2282203

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

    Legacy National Bank is a smaller bank specializing in Home Purchase and Refi loans. Legacy National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Fayetteville, Panama City, and Fort Smith among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Legacy National Bank has an above 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

    164

    Origination Dollar Volume (All Markets)

    $32,410,000

    Employee count

    95

    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
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 161 $31,625,000 $196,429 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $625,000 $625,000 $0 0.00%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Outside of Metro Areas 1 $55,000 $55,000 $0 0.00%
    Legacy National Bank's top markets include Fayetteville, Panama City, and Fort Smith among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 140 $27,740,000 $198,143 $0 0.00%
    FHA 14 $2,330,000 $166,429 $0 0.00%
    VA 10 $2,340,000 $234,000 $0 0.00%

    For 2018, Legacy National Bank's most frequently originated type of loan was Conventional, with 140 originations. Their 2nd most popular type was FHA, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 112 $22,870,000 $204,196 $0 0.00%
    Refi 28 $7,400,000 $264,286 $0 0.00%
    Home Improvement 9 $565,000 $62,778 $0 0.00%
    Other 9 $405,000 $45,000 $0 0.00%
    Cash Out Refi 6 $1,170,000 $195,000 $0 0.00%

    For 2018, Legacy National Bank's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 164 $32,410,000 $197,622 $0 0.00%

    For 2018, Legacy National Bank's most frequently cited loan duration was Other, with 164 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 83 $11,705,000 $141,024 $0 0.00%
    $100,000 or less 38 $2,010,000 $52,895 $0 0.00%
    $200k-400k 33 $8,695,000 $263,485 $0 0.00%
    $400k-600k 5 $2,395,000 $479,000 $0 0.00%
    $1MM+ 3 $6,275,000 $2,091,667 $0 0.00%
    $600k-1MM 2 $1,330,000 $665,000 $0 0.00%

    2018 saw Legacy National Bank place emphasis on $100k-200k loans with 83 originations, totaling $11,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 29 $5,555,000 $191,552 $0 0.00%
    $50k-75k 25 $3,105,000 $124,200 $0 0.00%
    $50k or less 20 $2,030,000 $101,500 $0 0.00%
    $75k-100k 19 $3,525,000 $185,526 $0 0.00%
    $100k-150k 15 $2,795,000 $186,333 $0 0.00%
    $250k+ 10 $1,650,000 $165,000 $0 0.00%

    Legacy National Bank lent most frequently to those with incomes in the $150k-250k range, with 29 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 164 $32,410,000 $197,622 $0 0.00%

    Legacy National Bank lent most frequently to those with DTI ratios of Exempt%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 113 $17,635,000 $156,062 $0 0.00%
    Not applicable 42 $12,930,000 $307,857 $0 0.00%
    Black 2 $480,000 $240,000 $0 0.00%
    Not provided 3 $435,000 $145,000 $0 0.00%
    Asian 1 $355,000 $355,000 $0 0.00%
    American Indian 2 $330,000 $165,000 $0 0.00%
    Vietnamese 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.64%

    Legacy National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.73%

    Legacy National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 164 $32,410,000 $197,622

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $6,490,000 $1,622,500
    Single Family (1-4 Units):Manufactured 2 $70,000 $35,000
    Single Family (1-4 Units):Site-Built 158 $25,850,000 $163,608

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Legacy National Bank 1325 East Joyce Boulevard Fayetteville, AR 72703 Full Service B&M $22,495
    Legacy National Bank 2081 Butterfield Coach Road Springdale, AR 72764 Full Service B&M $12,703
    Legacy National Bank 3607 South Thompson Street Springdale, AR 72764 Full Service B&M $12,291
    Legacy National Bank 4055 West Sunset Springdale, AR 72762 Full Service B&M $338,374
    Legacy National Bank 4901 W Pauline Whitaker Parkway Rogers, AR 72758 Full Service B&M $31,137

    For 2018, Legacy National Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,675
    Net interest income $18,048
    Total noninterest income $2,015
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $211
    Trading account gains and fees $0
    Additional Noninterest Income $1,804
    Pre-tax net operating income $7,155
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,026
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,026
    Minority interest net income $0
    Net income $5,026
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,026

    Legacy National Bank's gross interest income from loans was $21,675,000.
    Legacy National Bank's net interest income from loans was $18,048,000.
    Legacy National Bank's fee based income from loans was $211,000.
    Legacy National Bank's net income from loans was $5,026,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,627
    Provision for credit losses $500
    Total noninterest expense $12,408
    Salaries and employee benefits $7,357
    Premises and equipment expense $1,448
    Additional noninterest expense $3,603
    Applicable income taxes $2,129
    Net charge-offs $-772
    Cash dividends $4,923

    Legacy National Bank's interest expense for loans was $3,627,000.
    Legacy National Bank's payroll and benefits expense were $7,357,000.
    Legacy National Bank's property, plant and equipment expenses $1,448,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 4.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $461,647
    Deposits held in domestic offices $461,647
    Deposits by Individuals, partnerships, and corporations $443,601
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,046
    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 $119,197
    Demand deposits $109,595
    Nontransaction accounts $342,450
    Money market deposit accounts (MMDAs) $203,248
    Other savings deposits (excluding MMDAs) $8,627
    Total time deposits $130,574
    Total time and savings deposits $352,052
    Noninterest-bearing deposits $174,927
    Interest-bearing deposits $286,720
    Retail deposits $406,943
    IRAs and Keogh plan accounts $4,545
    Brokered deposits $20,722
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $523,343
    Cash & Balances due from depository institutions $34,688
    Interest-bearing balances $27,937
    Total securities $21,758
    Federal funds sold & reverse repurchase $19,650
    Net loans and leases $415,861
    Loan and leases loss allowance $7,196
    Trading account assets $0
    Bank premises and fixed assets $18,509
    Other real estate owned $226
    Goodwill and other intangibles $0
    All other assets $12,651

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $523,343
    Total Liabilities $474,990
    Total deposits $461,647
    Interest-bearing deposits $286,720
    Deposits held in domestic offices $461,647
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $11,500
    Subordinated debt $0
    All other liabilities $1,843

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $415,861
    Loan and leases loss allowance $7,196
    Total loans and leases (domestic) $423,057
    All real estate loans $370,933
    Real estate loans in domestic offices $370,933
    Construction and development loans $56,995
    Residential 1-4 family construction $23,395
    Other construction, all land development and other land $33,600
    Loans secured by nonfarm nonresidential properties $131,362
    Nonfarm nonresidential secured by owner-occupied properties $54,423
    Commercial real estate & other non-farm, non-residential $76,939
    Multifamily residential real estate $11,204
    1-4 family residential loans $87,119
    Farmland loans $84,253
    Loans held in foreign offices $0
    Farm loans $1,245
    Commercial and industrial loans $45,496
    To non-U.S. addressees $0
    Loans to individuals $5,383
    Credit card loans $0
    Related Plans $274
    Consumer Auto Loans $1,647
    Other loans to individuals $3,462
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $163
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,806
    Non 1-4 family restructured loans & leases $2,806
    Total loans and leases (foreign) $0

    Legacy National Bank had $415,861,000 of loans outstanding in 2018. $370,933,000 of loans were in real estate loans. $56,995,000 of loans were in development loans. $11,204,000 of loans were in multifamily mortgage loans. $87,119,000 of loans were in 1-4 family mortgage loans. $1,245,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,647,000 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 144 $37,761 $262,229
    Nonfarm, nonresidential loans - <$100k 22 $1,500 $68,182
    Nonfarm, nonresidential loans - $100-250k 46 $6,797 $147,761
    Nonfarm, nonresidential loans - $250k-1MM 76 $29,464 $387,684
    Commercial & Industrial, US addressed loans - <$1MM 320 $31,119 $97,247
    Commercial & Industrial, US addressed loans - <$100k 188 $5,983 $31,824
    Commercial & Industrial, US addressed loans - $100-250k 64 $7,537 $117,766
    Commercial & Industrial, US addressed loans - $250k-1MM 68 $17,599 $258,809
    Farmland loans - <$1MM 88 $11,447 $130,080
    Farmland loans - <$100k 31 $1,395 $45,000
    Farmland loans - $100-250k 26 $3,362 $129,308
    Farmland loans - $250k-1MM 31 $6,690 $215,806
    Agriculture operations loans - <$1MM 29 $835 $28,793
    Agriculture operations loans - <$100k 25 $699 $27,960
    Agriculture operations loans - $100-250k 4 $136 $34,000