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
212Origination Dollar Volume (All Markets)
$85,290,000Employee count
86Top 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) | 143 | $47,195,000 | $330,035 | $0 | 0.00% |
| Outside of Metro Areas | 69 | $38,095,000 | $552,101 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 212 | $85,290,000 | $402,311 | $0 | 0.00% |
For 2020, Legacy Bank & Trust Company's most frequently originated type of loan was Conventional, with 212 originations.
Loan Reason
For 2020, Legacy Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Refi, with 89 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 212 | $85,290,000 | $402,311 | $0 | 0.00% |
For 2020, Legacy Bank & Trust Company's most frequently cited loan duration was Other, with 212 originations.
Loan Sizing
2020 saw Legacy Bank & Trust Company place emphasis on $100,000 or less loans with 74 originations, totaling $4,380,000 in origination value.
Applicant Income
Legacy Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $50k-75k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 212 | $85,290,000 | $402,311 | $0 | 0.00% |
Legacy Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 212 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.54%
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 origination94.81%
Legacy Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 212 | $85,290,000 | $402,311 |
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 | $17,585 |
| Legacy Bank & Trust Company | 107 South Second Street Clinton, MO 64735 | Full Service B&M | $60,157 |
| Legacy Bank & Trust Company | 1303 East Ohio Clinton, MO 64735 | Full Service B&M | $0 |
| Legacy Bank & Trust Company | 175 Johnstown Drive Rogersville, MO 65742 | Full Service B&M | $34,861 |
| Legacy Bank & Trust Company | 4108 South National Avenue Springfield, MO 65807 | Full Service B&M | $139,568 |
| Legacy Bank & Trust Company | 721 North Main Street Mountain Grove, MO 65711 | Full Service B&M | $54,168 |
| Legacy Bank & Trust Company | 7509 State Highway 14 East Sparta, MO 65753 | Full Service B&M | $49,902 |
For 2020, Legacy Bank & Trust Company had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $19,791 |
| Net interest income | $16,744 |
| Total noninterest income | $8,806 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $365 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $8,441 |
| Pre-tax net operating income | $11,529 |
| Securities gains (or losses, -) | $1 |
| Income before extraordinary items | $9,025 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,025 |
| Minority interest net income | $0 |
| Net income | $9,025 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $9,024 |
Legacy Bank & Trust Company's gross interest income from loans was $19,791,000.
Legacy Bank & Trust Company's net interest income from loans was $16,744,000.
Legacy Bank & Trust Company's fee based income from loans was $365,000.
Legacy Bank & Trust Company's net income from loans was $9,025,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,047 |
| Provision for credit losses | $2,842 |
| Total noninterest expense | $11,179 |
| Salaries and employee benefits | $6,961 |
| Premises and equipment expense | $1,049 |
| Additional noninterest expense | $3,169 |
| Applicable income taxes | $2,505 |
| Net charge-offs | $43 |
| Cash dividends | $400 |
Legacy Bank & Trust Company's interest expense for loans was $3,047,000.
Legacy Bank & Trust Company's payroll and benefits expense were $6,961,000.
Legacy Bank & Trust Company's property, plant and equipment expenses $1,049,000.
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 | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $462,256 |
| Deposits held in domestic offices | $462,256 |
| Deposits by Individuals, partnerships, and corporations | $386,406 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $21,107 |
| Deposits by Commercial banks and other depository institutions in U.S. | $54,743 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $110,917 |
| Demand deposits | $57,731 |
| Nontransaction accounts | $351,339 |
| Money market deposit accounts (MMDAs) | $146,828 |
| Other savings deposits (excluding MMDAs) | $16,025 |
| Total time deposits | $188,486 |
| Total time and savings deposits | $404,525 |
| Noninterest-bearing deposits | $57,731 |
| Interest-bearing deposits | $404,525 |
| Retail deposits | $368,029 |
| IRAs and Keogh plan accounts | $8,165 |
| Brokered deposits | $32,775 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $538,271 |
| Cash & Balances due from depository institutions | $55,466 |
| Interest-bearing balances | $49,285 |
| Total securities | $737 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $451,729 |
| Loan and leases loss allowance | $6,228 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,286 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $3,665 |
| All other assets | $14,388 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $538,271 |
| Total Liabilities | $485,753 |
| Total deposits | $462,256 |
| Interest-bearing deposits | $404,525 |
| Deposits held in domestic offices | $462,256 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $20,850 |
| Subordinated debt | $0 |
| All other liabilities | $2,647 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $451,729 |
| Loan and leases loss allowance | $6,228 |
| Total loans and leases (domestic) | $457,957 |
| All real estate loans | $346,294 |
| Real estate loans in domestic offices | $346,294 |
| Construction and development loans | $57,152 |
| Residential 1-4 family construction | $11,648 |
| Other construction, all land development and other land | $45,504 |
| Loans secured by nonfarm nonresidential properties | $103,513 |
| Nonfarm nonresidential secured by owner-occupied properties | $54,027 |
| Commercial real estate & other non-farm, non-residential | $49,486 |
| Multifamily residential real estate | $27,001 |
| 1-4 family residential loans | $105,481 |
| Farmland loans | $53,147 |
| Loans held in foreign offices | $0 |
| Farm loans | $4,802 |
| Commercial and industrial loans | $102,184 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,485 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $2,297 |
| Other loans to individuals | $2,188 |
| All other loans & leases | $193 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $42 |
| 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 | $118 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Legacy Bank & Trust Company had $451,729,000 of loans outstanding in 2020. $346,294,000 of loans were in real estate loans. $57,152,000 of loans were in development loans. $27,001,000 of loans were in multifamily mortgage loans. $105,481,000 of loans were in 1-4 family mortgage loans. $4,802,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,297,000 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 | 214 | $51,076 | $238,673 |
| Nonfarm, nonresidential loans - <$100k | 57 | $2,520 | $44,211 |
| Nonfarm, nonresidential loans - $100-250k | 67 | $8,231 | $122,851 |
| Nonfarm, nonresidential loans - $250k-1MM | 90 | $40,325 | $448,056 |
| Commercial & Industrial, US addressed loans - <$1MM | 658 | $50,528 | $76,790 |
| Commercial & Industrial, US addressed loans - <$100k | 506 | $13,234 | $26,154 |
| Commercial & Industrial, US addressed loans - $100-250k | 89 | $11,405 | $128,146 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 63 | $25,889 | $410,937 |
| Farmland loans - <$1MM | 326 | $37,503 | $115,040 |
| Farmland loans - <$100k | 152 | $6,225 | $40,954 |
| Farmland loans - $100-250k | 125 | $17,160 | $137,280 |
| Farmland loans - $250k-1MM | 49 | $14,118 | $288,122 |
| Agriculture operations loans - <$1MM | 195 | $4,802 | $24,626 |
| Agriculture operations loans - <$100k | 184 | $3,739 | $20,321 |
| Agriculture operations loans - $100-250k | 10 | $1,018 | $101,800 |
| Agriculture operations loans - $250k-1MM | 1 | $45 | $45,000 |