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Overview / Commentary
220 Main Street
Wiley, CO 81092

Legacy Bank (CO) is headquartered in Wiley and is the 30th largest bank in the state of Colorado. It is also the 2,562nd largest bank in the nation. It was established in 1907 and as of June of 2014, it had grown to 48 employees at 9 locations. Legacy Bank (CO)'s savings rates are 92% higher than the national average, and it has a B health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Legacy Bank (CO) had $12.14 million in non-current loans and owned real-estate with $38.45 million in equity and loan loss allowances on hand to cover it. This gives Legacy Bank (CO) a Texas Ratio of 31.57% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Legacy Bank (CO) decreased slightly from 37.66% as of June 30, 2013 to 31.57% as of June 30, 2014, resulting in a positive change of 16.17%.This indicates that the balance sheet and financial strength for Legacy Bank (CO) has improved slightly in recent periods.

Deposit Growth


In the past year, Legacy Bank (CO) has decreased its total deposits by -$3.38 million, resulting in -1.64% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Legacy Bank (CO) has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Legacy Bank (CO) has $249.7 million in assets with $38.45 million in equity, resulting in a capitalization level of 15.40%, which is excellent.

Institution Statistics

FDIC Certificate #12699
Year Established1907
Primary RegulatorFDIC
Assets and Liabilities
Assets$249.70 million
Loans$163.01 million
Deposits$203.32 million
Equity Capital$36.26 million
Loan Loss Allowance$2.19 million
Unbacked Noncurrent Loans$3.59 million
Real Estate Owned$8.55 million
Historic Data - June 2013
Assets$246.15 million
Equity Capital$34.32 million
Loan Loss Allowance$2.18 million
Unbacked Noncurrent Loans$3.59 million
Real Estate Owned$7.52 million
Profit Margin - Quarterly
Return on Assets1.11%
Return on Equity7.76%
Interest Income$4.91 million

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Legacy Bank (CO) Savings Account Rates

1.00%--Christmas Club
0.45%$100-IRA Saving
0.45%$100-Simple IRA
0.45%$100-Health Saving Account
0.10%$100-Regular Saving - Monthly
0.10%$100-Regular Saving - Quarterly

Legacy Bank (CO) Money Market Rates

0.25%$90k-Money Market Tired Rate Account
0.25%$90k-MMDA Commercial Tired Rate Account
0.10%$3k-Money Market Single Rate Account
0.10%$3k-MMDA Commercial Single Rate Account

Legacy Bank (CO) Checking Account Rates

0.25%$90k-Advantage Checking
0.20%$90k-NOW Checking

Legacy Bank (CO) CD Rates

1.05%$100k-60 Month Jumbo CD
1.00%$500-60 Month CD
0.95%$100k-48 Month Jumbo CD
0.90%$500-48 Month CD
0.85%$100k-36 Month Jumbo CD
0.80%$500-36 Month CD
0.75%$100k-30 Month Jumbo CD
0.70%$500-30 Month CD
0.65%$100k-24 Month Jumbo CD
0.60%$500-24 Month CD
0.55%$100k-18 Month Jumbo CD
0.50%$500-18 Month CD
0.40%$100k-12 Month Jumbo CD
0.35%$500-12 Month CD
0.30%$100k-9 Month Jumbo CD
0.25%$500-9 Month CD
0.25%$100k-6 Month Jumbo CD
0.20%$500-6 Month CD
0.15%$100k-3 Month Jumbo CD
0.10%$500-3 Month CD

Legacy Bank (CO) Locations
Legacy Bank Branch101 North Main StreetPueblo, CO 81003
Legacy Bank - Canon City Branch1010 Royal Gorge BlvdCanon City, CO 81212
Cheyenne Mountain Rd Branch1580 E. Cheyenne Mountain Rd.Colorado Springs, CO 80906
Legacy Bank Branch210 E OliveLamar, CO 81052
Legacy Bank220 Main StreetWiley, CO 81092
Pueblo West Branch7 East Spaulding AvenuePueblo West, CO 81007
Legacy Bank Branch730 Desert Flower BlvdPueblo, CO 81001
Mobile Branch730 Desert Flower Blvd.Pueblo, CO 81001
Mobile Branch945 Tenderfoot Hill RoadColorado Springs, CO 80906