Legacy Bank & Trust Company Mortgage Rates, Fees & Info
Rogersville, MO
LEI: 549300RDN1T32WR2WF91
Tax ID: 44-0162310
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Mortgage Data
Bank Data
Overview
Legacy Bank & Trust Company is a
smaller
bank
specializing in
Home Purchase and Refi loans.
Legacy Bank & Trust Company has a high proportion of conventional loans.
Their top markets include and Springfield among others. Legacy Bank & Trust Company has
an above average
approval rate for mortages when compared nationally.
They have
an average
pick rate when compared to the same sample of other lendors.
Originations
230
Origination Dollar Volume (All Markets)
$129,200,000
Employee count
93
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
SPRINGFIELD, MO (FHA|USDA|VA)
|
165
|
$81,915,000 |
$496,455 |
$0 |
0.00% |
Outside of Metro Areas
|
65 |
$47,285,000 |
$727,462 |
$0 |
0.00% |
Legacy Bank & Trust Company's top markets include and Springfield among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
230 |
$129,200,000 |
$561,739 |
$0 |
0.00% |
For the 2021 period, Legacy Bank & Trust Company's most frequently
originated loan type
of loans were Conventional, with 230 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Home Purchase |
133 |
$64,925,000 |
$488,158 |
$0 |
0.00% |
Refi |
91 |
$63,755,000 |
$700,604 |
$0 |
0.00% |
Home Improvement |
4 |
$440,000 |
$110,000 |
$0 |
0.00% |
Other |
2 |
$80,000 |
$40,000 |
$0 |
0.00% |
For the 2021, Legacy Bank & Trust Company's most frequently cited loan
purpose
of loans were Home Purchase, with 133
originations.
The 2nd most popular reason of loans were Refi,
with 91 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Other |
230 |
$129,200,000 |
$561,739 |
$0 |
0.00% |
For the 2021, Legacy Bank & Trust Company's most frequently cited loan
length
of loans were Other, with 230 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$100,000 or less |
73 |
$4,695,000 |
$64,315 |
$0 |
0.00% |
$100k-200k |
59 |
$8,185,000 |
$138,729 |
$0 |
0.00% |
$1MM+ |
34 |
$87,930,000 |
$2,586,176 |
$0 |
0.00% |
$200k-400k |
33 |
$8,785,000 |
$266,212 |
$0 |
0.00% |
$600k-1MM |
17 |
$12,735,000 |
$749,118 |
$0 |
0.00% |
$400k-600k |
14 |
$6,870,000 |
$490,714 |
$0 |
0.00% |
2021 saw Legacy Bank & Trust Company place emphasis on
$100,000 or less loans
with 73 originations, totaling
$4,695,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$100k-150k |
15 |
$1,985,000 |
$132,333 |
$0 |
0.00% |
$50k or less |
14 |
$1,650,000 |
$117,857 |
$0 |
0.00% |
$250k+ |
13 |
$5,795,000 |
$445,769 |
$0 |
0.00% |
$75k-100k |
12 |
$1,430,000 |
$119,167 |
$0 |
0.00% |
$50k-75k |
11 |
$745,000 |
$67,727 |
$0 |
0.00% |
$150k-250k |
8 |
$1,020,000 |
$127,500 |
$0 |
0.00% |
Legacy Bank & Trust Company lent most frequently to those with incomes in the
$100k-150k range, with
15 originations.
The second most popular income band? $50k or less,
with 14 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Exempt% |
230 |
$129,200,000 |
$561,739 |
$0 |
0.00% |
Legacy Bank & Trust Company lent most frequently to those with DTI ratios
of Exempt%, with
230 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Not applicable |
137 |
$110,025,000 |
$803,102 |
$0 |
0.00% |
White |
87 |
$18,525,000 |
$212,931 |
$0 |
0.00% |
Not provided |
3 |
$305,000 |
$101,667 |
$0 |
0.00% |
Native Hawaiian |
2 |
$220,000 |
$110,000 |
$0 |
0.00% |
Black |
1 |
$125,000 |
$125,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
95.06%
Legacy Bank & Trust Company has an exceptionally high approval rate. They
either target their audience
very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination
94.52%
Legacy Bank & Trust Company has an average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
Exempt |
230 |
$129,200,000 |
$561,739 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
230 |
$129,200,000 |
$561,739 |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
Legacy Bank & Trust Company |
175 Johnstown Drive Rogersville, MO 65742 |
Full Service B&M
|
$55,510 |
Legacy Bank & Trust Company |
107 South Second Street Clinton, MO 64735 |
Full Service B&M
|
$74,616 |
Legacy Bank & Trust Company |
4108 South National Avenue Springfield, MO 65807 |
Full Service B&M
|
$325,222 |
Legacy Bank & Trust Company |
721 North Main Street Mountain Grove, MO 65711 |
Full Service B&M
|
$66,617 |
Legacy Bank & Trust Company |
7509 State Highway 14 East Sparta, MO 65753 |
Full Service B&M
|
$55,988 |
For 2021, Legacy Bank & Trust Company had 5 branches.
Yearly Performance Overview
Bank Income
Legacy Bank & Trust Company's gross interest income from loans was $27,848,000.
Legacy Bank & Trust Company's net interest income from loans was $24,416,000.
Legacy Bank & Trust Company's fee based income from loans was $375,000.
Legacy Bank & Trust Company's net income from loans was $9,599,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$3,432 |
Provision for credit losses |
$2,312 |
Total noninterest expense |
$14,450 |
Salaries and employee benefits |
$9,193 |
Premises and equipment expense |
$1,182 |
Additional noninterest expense |
$4,075 |
Applicable income taxes |
$1,572 |
Net charge-offs |
$12 |
Cash dividends |
$0 |
Legacy Bank & Trust Company's interest expense for loans was $3,432,000.
Legacy Bank & Trust Company's payroll and benefits expense were $9,193,000.
Legacy Bank & Trust Company's property, plant and equipment expenses $1,182,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$657,332 |
Deposits held in domestic offices |
$657,332 |
Deposits by Individuals, partnerships, and corporations |
$588,410 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$34,599 |
Deposits by Commercial banks and other depository institutions in U.S. |
$34,322 |
Deposits by Banks in foreign countries |
$0 |
Deposits by Foreign governments and official institutions |
$0 |
Transaction accounts |
$165,252 |
Demand deposits |
$81,946 |
Nontransaction accounts |
$492,079 |
Money market deposit accounts (MMDAs) |
$217,266 |
Other savings deposits (excluding MMDAs) |
$21,358 |
Total time deposits |
$253,455 |
Total time and savings deposits |
$575,385 |
Noninterest-bearing deposits |
$81,947 |
Interest-bearing deposits |
$575,385 |
Retail deposits |
$463,299 |
IRAs and Keogh plan accounts |
$10,690 |
Brokered deposits |
$75,332 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$749,256 |
Cash & Balances due from depository institutions |
$79,678 |
Interest-bearing balances |
$75,091 |
Total securities |
$212 |
Federal funds sold & reverse repurchase |
$0 |
Net loans and leases |
$624,371 |
Loan and leases loss allowance |
$8,528 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$18,234 |
Other real estate owned |
$0 |
Goodwill and other intangibles |
$3,479 |
All other assets |
$23,282 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$749,256 |
Total Liabilities |
$679,132 |
Total deposits |
$657,332 |
Interest-bearing deposits |
$575,385 |
Deposits held in domestic offices |
$657,332 |
% insured (estimated) |
$73 |
Federal funds purchased and repurchase agreements |
$0 |
Trading liabilities |
$0 |
Other borrowed funds |
$18,850 |
Subordinated debt |
$0 |
All other liabilities |
$2,950 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$624,371 |
Loan and leases loss allowance |
$8,528 |
Total loans and leases (domestic) |
$632,899 |
All real estate loans |
$534,408 |
Real estate loans in domestic offices |
$534,408 |
Construction and development loans |
$96,654 |
Residential 1-4 family construction |
$15,333 |
Other construction, all land development and other land |
$81,321 |
Loans secured by nonfarm nonresidential properties |
$148,368 |
Nonfarm nonresidential secured by owner-occupied properties |
$72,458 |
Commercial real estate & other non-farm, non-residential |
$75,910 |
Multifamily residential real estate |
$98,342 |
1-4 family residential loans |
$136,987 |
Farmland loans |
$54,057 |
Loans held in foreign offices |
$0 |
Farm loans |
$4,275 |
Commercial and industrial loans |
$90,492 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$3,612 |
Credit card loans |
$0 |
Related Plans |
$0 |
Consumer Auto Loans |
$1,927 |
Other loans to individuals |
$1,685 |
All other loans & leases |
$112 |
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 |
$0 |
Loans secured by real estate to non-U.S. addressees |
$0 |
Restructured Loans & leases |
$114 |
Non 1-4 family restructured loans & leases |
$0 |
Total loans and leases (foreign) |
$0 |
Legacy Bank & Trust Company had $624,371,000 of loans outstanding in 2021. $534,408,000 of loans were in real estate loans.
$96,654,000 of loans were in development loans. $98,342,000 of loans were in multifamily mortgage loans.
$136,987,000 of loans were in 1-4 family mortgage loans. $4,275,000 of loans were in farm loans. $0
of loans were in credit card loans. $1,927,000 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 |
247 |
$66,564 |
$269,490 |
Nonfarm, nonresidential loans - <$100k |
53 |
$2,360 |
$44,528 |
Nonfarm, nonresidential loans - $100-250k |
71 |
$8,526 |
$120,085 |
Nonfarm, nonresidential loans - $250k-1MM |
123 |
$55,678 |
$452,667 |
Commercial & Industrial, US addressed loans - <$1MM |
530 |
$50,771 |
$95,794 |
Commercial & Industrial, US addressed loans - <$100k |
355 |
$10,278 |
$28,952 |
Commercial & Industrial, US addressed loans - $100-250k |
102 |
$12,081 |
$118,441 |
Commercial & Industrial, US addressed loans - $250k-1MM |
73 |
$28,412 |
$389,205 |
Farmland loans - <$1MM |
286 |
$35,331 |
$123,535 |
Farmland loans - <$100k |
125 |
$4,767 |
$38,136 |
Farmland loans - $100-250k |
111 |
$15,496 |
$139,604 |
Farmland loans - $250k-1MM |
50 |
$15,068 |
$301,360 |
Agriculture operations loans - <$1MM |
180 |
$4,275 |
$23,750 |
Agriculture operations loans - <$100k |
171 |
$3,470 |
$20,292 |
Agriculture operations loans - $100-250k |
8 |
$797 |
$99,625 |
Agriculture operations loans - $250k-1MM |
1 |
$8 |
$8,000 |