Legacy Bank & Trust Company Mortgage Rates, Fees & Info

Rogersville, MO

LEI: 549300RDN1T32WR2WF91

Tax ID: 44-0162310

2021 Data | 2020 Data | 2019 Data | 2018 Data


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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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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

    Item Value (in 000's)
    Total interest income $27,848
    Net interest income $24,416
    Total noninterest income $3,517
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $375
    Trading account gains and fees $0
    Additional Noninterest Income $3,142
    Pre-tax net operating income $11,171
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,599
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,599
    Minority interest net income $0
    Net income $9,599
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,599

    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.

    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 $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