Legacy Bank & Trust Company Mortgage Rates, Fees & Info
Rogersville, MOLEI: 549300RDN1T32WR2WF91
Tax ID: 44-0162310
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Mortgage Data
Bank Data
Review & 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 (well, only) market is Springfield.Legacy Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
139Origination Dollar Volume (All Markets)
$32,695,000Employee count
76Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 73 | $18,215,000 | $249,521 | $0 | 0.00% |
| Outside of Metro Areas | 66 | $14,480,000 | $219,394 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 139 | $32,695,000 | $235,216 | $0 | 0.00% |
For 2019, Legacy Bank & Trust Company's most frequently originated type of loan was Conventional, with 139 originations.
Loan Reason
For 2019, Legacy Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 83 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 | 139 | $32,695,000 | $235,216 | $0 | 0.00% |
For 2019, Legacy Bank & Trust Company's most frequently cited loan duration was Other, with 139 originations.
Loan Sizing
2019 saw Legacy Bank & Trust Company place emphasis on $100,000 or less loans with 54 originations, totaling $2,460,000 in origination value.
Applicant Income
Legacy Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 139 | $32,695,000 | $235,216 | $0 | 0.00% |
Legacy Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.71%
Legacy Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination92.81%
Legacy Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 139 | $32,695,000 | $235,216 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Legacy Bank & Trust Company | 10603 Hwy 32 Plato, MO 65552 | Full Service B&M | $18,865 |
| Legacy Bank & Trust Company | 107 South Second Street Clinton, MO 64735 | Full Service B&M | $44,724 |
| Legacy Bank & Trust Company | 1303 East Ohio Clinton, MO 64735 | Full Service B&M | $1,943 |
| Legacy Bank & Trust Company | 175 Johnstown Drive Rogersville, MO 65742 | Full Service B&M | $30,006 |
| Legacy Bank & Trust Company | 4108 South National Avenue Springfield, MO 65807 | Full Service B&M | $44,179 |
| Legacy Bank & Trust Company | 721 North Main Street Mountain Grove, MO 65711 | Full Service B&M | $47,412 |
| Legacy Bank & Trust Company | 7509 State Highway 14 East Sparta, MO 65753 | Full Service B&M | $45,302 |
For 2019, Legacy Bank & Trust Company had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $14,235 |
| Net interest income | $11,388 |
| Total noninterest income | $2,591 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $433 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,158 |
| Pre-tax net operating income | $4,994 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,774 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,774 |
| Minority interest net income | $0 |
| Net income | $3,774 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,774 |
Legacy Bank & Trust Company's gross interest income from loans was $14,235,000.
Legacy Bank & Trust Company's net interest income from loans was $11,388,000.
Legacy Bank & Trust Company's fee based income from loans was $433,000.
Legacy Bank & Trust Company's net income from loans was $3,774,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,847 |
| Provision for credit losses | $573 |
| Total noninterest expense | $8,412 |
| Salaries and employee benefits | $5,056 |
| Premises and equipment expense | $938 |
| Additional noninterest expense | $2,418 |
| Applicable income taxes | $1,220 |
| Net charge-offs | $117 |
| Cash dividends | $1,000 |
Legacy Bank & Trust Company's interest expense for loans was $2,847,000.
Legacy Bank & Trust Company's payroll and benefits expense were $5,056,000.
Legacy Bank & Trust Company's property, plant and equipment expenses $938,000.
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 | $259,581 |
| Deposits held in domestic offices | $259,581 |
| Deposits by Individuals, partnerships, and corporations | $243,575 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $12,491 |
| Deposits by Commercial banks and other depository institutions in U.S. | $3,515 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $77,628 |
| Demand deposits | $30,544 |
| Nontransaction accounts | $181,953 |
| Money market deposit accounts (MMDAs) | $108,779 |
| Other savings deposits (excluding MMDAs) | $13,046 |
| Total time deposits | $60,128 |
| Total time and savings deposits | $229,037 |
| Noninterest-bearing deposits | $30,544 |
| Interest-bearing deposits | $229,037 |
| Retail deposits | $232,290 |
| IRAs and Keogh plan accounts | $8,018 |
| Brokered deposits | $14,074 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $302,387 |
| Cash & Balances due from depository institutions | $7,036 |
| Interest-bearing balances | $3,280 |
| Total securities | $4,894 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $265,641 |
| Loan and leases loss allowance | $3,429 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,077 |
| Other real estate owned | $603 |
| Goodwill and other intangibles | $3,851 |
| All other assets | $10,285 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $302,388 |
| Total Liabilities | $271,503 |
| Total deposits | $259,581 |
| Interest-bearing deposits | $229,037 |
| Deposits held in domestic offices | $259,581 |
| % insured (estimated) | $84 |
| Federal funds purchased and repurchase agreements | $605 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,317 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $265,641 |
| Loan and leases loss allowance | $3,429 |
| Total loans and leases (domestic) | $269,070 |
| All real estate loans | $215,623 |
| Real estate loans in domestic offices | $215,623 |
| Construction and development loans | $27,019 |
| Residential 1-4 family construction | $6,760 |
| Other construction, all land development and other land | $20,259 |
| Loans secured by nonfarm nonresidential properties | $50,966 |
| Nonfarm nonresidential secured by owner-occupied properties | $37,662 |
| Commercial real estate & other non-farm, non-residential | $13,304 |
| Multifamily residential real estate | $7,894 |
| 1-4 family residential loans | $75,912 |
| Farmland loans | $53,832 |
| Loans held in foreign offices | $0 |
| Farm loans | $6,143 |
| Commercial and industrial loans | $40,968 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6,039 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $2,915 |
| Other loans to individuals | $3,124 |
| All other loans & leases | $298 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $83 |
| 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 | $236 |
| Non 1-4 family restructured loans & leases | $128 |
| Total loans and leases (foreign) | $0 |
Legacy Bank & Trust Company had $265,641,000 of loans outstanding in 2019. $215,623,000 of loans were in real estate loans. $27,019,000 of loans were in development loans. $7,894,000 of loans were in multifamily mortgage loans. $75,912,000 of loans were in 1-4 family mortgage loans. $6,143,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,915,000 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 | 186 | $35,728 | $192,086 |
| Nonfarm, nonresidential loans - <$100k | 58 | $2,353 | $40,569 |
| Nonfarm, nonresidential loans - $100-250k | 63 | $7,816 | $124,063 |
| Nonfarm, nonresidential loans - $250k-1MM | 65 | $25,559 | $393,215 |
| Commercial & Industrial, US addressed loans - <$1MM | 306 | $22,502 | $73,536 |
| Commercial & Industrial, US addressed loans - <$100k | 230 | $6,278 | $27,296 |
| Commercial & Industrial, US addressed loans - $100-250k | 44 | $4,533 | $103,023 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 32 | $11,691 | $365,344 |
| Farmland loans - <$1MM | 360 | $40,781 | $113,281 |
| Farmland loans - <$100k | 175 | $7,697 | $43,983 |
| Farmland loans - $100-250k | 131 | $17,484 | $133,466 |
| Farmland loans - $250k-1MM | 54 | $15,600 | $288,889 |
| Agriculture operations loans - <$1MM | 235 | $6,143 | $26,140 |
| Agriculture operations loans - <$100k | 219 | $4,287 | $19,575 |
| Agriculture operations loans - $100-250k | 14 | $1,771 | $126,500 |
| Agriculture operations loans - $250k-1MM | 2 | $85 | $42,500 |