Legence Bank Mortgage Rates, Fees & Info
Eldorado, ILLEI: 549300OVUSU8E87XZV67
Tax ID: 37-0275020
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Mortgage Data
Bank Data
Review & Overview
Legence Bank is a smaller bank specializing in Refi and Home Purchase loans. Legence Bank has a high proportion of conventional loans. Their top markets by origination volume include: Evansville, Carbondale, St. Louis, Mount Vernon, and Indianapolis among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Legence 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.
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Originations
343Origination Dollar Volume (All Markets)
$57,525,000Employee count
133Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 109 | $14,585,000 | $133,807 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 78 | $14,380,000 | $184,359 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 72 | $11,810,000 | $164,028 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 16 | $3,700,000 | $231,250 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 24 | $3,580,000 | $149,167 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Centralia, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Jasper, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 343 | $57,525,000 | $167,711 | $0 | 0.00% |
For 2020, Legence Bank's most frequently originated type of loan was Conventional, with 343 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 209 | $35,855,000 | $171,555 | $0 | 0.00% |
| Home Purchase | 93 | $15,275,000 | $164,247 | $0 | 0.00% |
| Cash Out Refi | 41 | $6,395,000 | $155,976 | $0 | 0.00% |
For 2020, Legence Bank's most frequently cited loan purpose was Refi, with 209 originations. The 2nd most popular reason was Home Purchase, with 93 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 343 | $57,525,000 | $167,711 | $0 | 0.00% |
For 2020, Legence Bank's most frequently cited loan duration was Other, with 343 originations.
Loan Sizing
2020 saw Legence Bank place emphasis on $100k-200k loans with 160 originations, totaling $22,900,000 in origination value.
Applicant Income
Legence Bank lent most frequently to those with incomes in the $50k-75k range, with 72 originations. The second most popular income band? $75k-100k, with 71 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 343 | $57,525,000 | $167,711 | $0 | 0.00% |
Legence Bank lent most frequently to those with DTI ratios of Exempt%, with 343 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.27%
Legence Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.17%
Legence Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 343 | $57,525,000 | $167,711 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Legence Bank | 100 E Main Street Galatia, IL 62935 | Full Service B&M | $33,325 |
| Legence Bank | 100 South Oak Mounds, IL 62964 | Full Service B&M | $11,162 |
| Legence Bank | 101 West Broadway Blvd Johnston City, IL 62951 | Full Service B&M | $13,027 |
| Legence Bank | 1108 Us Highway 45 Eldorado, IL 62930 | Full Service B&M | $130,682 |
| Legence Bank | 1133 North Carbon Street Marion, IL 62959 | Full Service B&M | $37,006 |
| Legence Bank | 2929 Broadway Street Mount Vernon, IL 62864 | Full Service B&M | $21,906 |
| Legence Bank | 301 N Lincoln Blvd West Shawneetown, IL 62984 | Full Service B&M | $48,204 |
| Legence Bank | 301 Vine Street Vienna, IL 62995 | Full Service B&M | $23,542 |
| Legence Bank | 502 North Commercial Harrisburg, IL 62946 | Full Service B&M | $61,529 |
| Legence Bank | 522 Market Street Metropolis, IL 62960 | Full Service B&M | $17,151 |
| Legence Bank | 605 W Main St Benton, IL 62812 | Full Service B&M | $46,086 |
| Legence Bank | 7325 East Virginia Street Evansville, IN 47715 | Full Service B&M | $33,414 |
| Legence Bank | 925 West Main Street Carbondale, IL 62901 | Full Service B&M | $13,345 |
For 2020, Legence Bank had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $25,155 |
| Net interest income | $23,285 |
| Total noninterest income | $4,666 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $15 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,651 |
| Pre-tax net operating income | $7,086 |
| Securities gains (or losses, -) | $559 |
| Income before extraordinary items | $7,578 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,578 |
| Minority interest net income | $0 |
| Net income | $7,578 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,024 |
Legence Bank's gross interest income from loans was $25,155,000.
Legence Bank's net interest income from loans was $23,285,000.
Legence Bank's fee based income from loans was $15,000.
Legence Bank's net income from loans was $7,578,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,870 |
| Provision for credit losses | $1,766 |
| Total noninterest expense | $19,099 |
| Salaries and employee benefits | $10,837 |
| Premises and equipment expense | $2,079 |
| Additional noninterest expense | $6,183 |
| Applicable income taxes | $67 |
| Net charge-offs | $945 |
| Cash dividends | $3,500 |
Legence Bank's interest expense for loans was $1,870,000.
Legence Bank's payroll and benefits expense were $10,837,000.
Legence Bank's property, plant and equipment expenses $2,079,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| 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 | 2.0% |
| 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 | $521,080 |
| Deposits held in domestic offices | $521,080 |
| Deposits by Individuals, partnerships, and corporations | $454,917 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $66,163 |
| 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 | $282,863 |
| Demand deposits | $178,804 |
| Nontransaction accounts | $238,217 |
| Money market deposit accounts (MMDAs) | $16,104 |
| Other savings deposits (excluding MMDAs) | $134,253 |
| Total time deposits | $87,860 |
| Total time and savings deposits | $342,276 |
| Noninterest-bearing deposits | $178,804 |
| Interest-bearing deposits | $342,276 |
| Retail deposits | $508,939 |
| IRAs and Keogh plan accounts | $8,353 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $595,880 |
| Cash & Balances due from depository institutions | $44,705 |
| Interest-bearing balances | $17,270 |
| Total securities | $142,479 |
| Federal funds sold & reverse repurchase | $4,748 |
| Net loans and leases | $368,666 |
| Loan and leases loss allowance | $3,772 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,917 |
| Other real estate owned | $30 |
| Goodwill and other intangibles | $7,320 |
| All other assets | $16,015 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $595,880 |
| Total Liabilities | $530,369 |
| Total deposits | $521,080 |
| Interest-bearing deposits | $342,276 |
| Deposits held in domestic offices | $521,080 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $5,479 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $3,810 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $368,666 |
| Loan and leases loss allowance | $3,772 |
| Total loans and leases (domestic) | $372,438 |
| All real estate loans | $200,284 |
| Real estate loans in domestic offices | $200,284 |
| Construction and development loans | $10,023 |
| Residential 1-4 family construction | $2,172 |
| Other construction, all land development and other land | $7,851 |
| Loans secured by nonfarm nonresidential properties | $72,608 |
| Nonfarm nonresidential secured by owner-occupied properties | $22,403 |
| Commercial real estate & other non-farm, non-residential | $50,205 |
| Multifamily residential real estate | $2,010 |
| 1-4 family residential loans | $23,206 |
| Farmland loans | $92,437 |
| Loans held in foreign offices | $0 |
| Farm loans | $28,468 |
| Commercial and industrial loans | $102,971 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $35,659 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $561 |
| Other loans to individuals | $35,098 |
| All other loans & leases | $5,057 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $80 |
| 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 | $3,412 |
| Non 1-4 family restructured loans & leases | $3,346 |
| Total loans and leases (foreign) | $0 |
Legence Bank had $368,666,000 of loans outstanding in 2020. $200,284,000 of loans were in real estate loans. $10,023,000 of loans were in development loans. $2,010,000 of loans were in multifamily mortgage loans. $23,206,000 of loans were in 1-4 family mortgage loans. $28,468,000 of loans were in farm loans. $0 of loans were in credit card loans. $561,000 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 | 146 | $21,530 | $147,466 |
| Nonfarm, nonresidential loans - <$100k | 50 | $1,939 | $38,780 |
| Nonfarm, nonresidential loans - $100-250k | 48 | $4,766 | $99,292 |
| Nonfarm, nonresidential loans - $250k-1MM | 48 | $14,825 | $308,854 |
| Commercial & Industrial, US addressed loans - <$1MM | 765 | $61,665 | $80,608 |
| Commercial & Industrial, US addressed loans - <$100k | 520 | $14,463 | $27,813 |
| Commercial & Industrial, US addressed loans - $100-250k | 152 | $17,404 | $114,500 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 93 | $29,798 | $320,409 |
| Farmland loans - <$1MM | 375 | $41,231 | $109,949 |
| Farmland loans - <$100k | 197 | $6,460 | $32,792 |
| Farmland loans - $100-250k | 105 | $14,134 | $134,610 |
| Farmland loans - $250k-1MM | 73 | $20,637 | $282,699 |
| Agriculture operations loans - <$1MM | 134 | $9,212 | $68,746 |
| Agriculture operations loans - <$100k | 89 | $2,391 | $26,865 |
| Agriculture operations loans - $100-250k | 26 | $2,874 | $110,538 |
| Agriculture operations loans - $250k-1MM | 19 | $3,947 | $207,737 |