Legacy Bank & Trust Company Mortgage Rates, Fees & Info

Rogersville, MO

LEI: 549300RDN1T32WR2WF91

Tax ID: 44-0162310

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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

230

Origination Dollar Volume (All Markets)

$129,200,000

Employee count

Top 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)	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.

Their top states include:

Missouri (FHA|USDA|VA)

(FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	230	$129,200,000	$561,739	$0	0.00%

For 2021, Legacy Bank & Trust Company's most frequently originated type of loan was Conventional, with 230 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Legacy Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was 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 2021, Legacy Bank & Trust Company's most frequently cited loan duration was 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 or Islander	2	$220,000	$110,000	$0	0.00%
Black	1	$125,000	$125,000	$0	0.00%

Approval Rates

Total approvals of all applications
99.58%

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
97.39%

Legacy Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

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	107 South Second Street Clinton, MO 64735	Full Service B&M	$74,616
Legacy Bank & Trust Company	175 Johnstown Drive Rogersville, MO 65742	Full Service B&M	$55,510
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