Legacy Bank

101 West Main
Hinton, OK 73047
1-800-687-9688
www.legacybank.com

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Legacy Bank is headquartered in Hinton and is the 26^th largest bank in the state of Oklahoma. It is also the 1,448^th largest bank in the nation. It was established in 1902 and as of March of 2012, it had grown to 160 employees at 11 locations. Legacy Bank's savings rates are 4X the national average, and it has a 3-star health rating.

2.90% 25-Month CD Special at Legacy Bank - 4/3/2010

Legacy Bank continues to offer two competitive CD specials. The best one is a 2.90% APY 25-month CD. The other one is a 1.90% APY 13-month CD. Minimum deposit is $2,500, and the maximum is $95,000. T ...

CD and Money Market Specials at Legacy Bank in Milwaukee - Local Only - 2/2/2010

Legacy Bank is offering two competitive CD specials. The best one is a 2.90% APY 25-month CD. The other one is a 1.90% APY 13-month CD. Minimum deposit is $2,500, and the maximum is $95,000. The mone ...

3.00% Reward Checking Account at an Oklahoma Bank (Legacy) - 11/18/2007

Update 10/30/08: The yield has fallen to 3.00% APY. See bottom of post for the rate history.Legacy Bank is offering a reward checking account called Win Win Checking that pays 3.00% APY on balances up to $50K (0.03% for above) and refunds some ATM fees...

5% Checking Account (until 10/31) and 5.50% 12-month CD at Legacy Bank in Georgia - 6/5/2007

Legacy State Bank is offering 5% APY on its Free Interest Checking Account. The rate is guaranteed until 10/31/07. This special is not listed at the bank's website. A reader mentioned this in the comments, and I called for additional info. The banking...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Legacy Bank Checking Account Rates

Apy	Min	Max	Product
2.50%	-	$25k	Win-Win Checking
0.15%	$10k	-	Priority Club Checking

Legacy Bank Savings Account Rates

Apy	Min	Max	Product
2.00%	-	-	Bear Club Savings
0.25%	$200	-	Regular Savings
0.25%	-	-	Youth Savings

Legacy Bank Money Market Rates

	Apy	Min	Max	Product
	0.30%	$250	-	Money Market Savings

Legacy Bank CD Rates

Apy	Min	Max	Product
1.75%	$1k	-	5 Year CD
1.40%	$1k	-	4 Year CD
1.30%	$1k	-	3 Year CD
1.00%	$1k	-	2 Year CD
1.00%	$10k	-	2 Year Step-Up CD
0.75%	$10k	-	18 Month Step-Up CD
0.75%	$1k	-	18 Month CD
0.60%	$1k	-	1 Year CD
0.40%	$10k	-	6 Month CD
0.25%	$10k	-	3 Month CD

Legacy Bank IRA Rates

Apy	Min	Max	Product
0.40%	-	-	18 Month Variable IRA
0.40%	-	-	18 Month Variable Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Legacy Bank
FDIC Certificate #	4042
BankRate Report	View
Year Established	1902
Employees	160
Primary Regulator	FDIC
Assets and Liabilities
Assets	$463.21 million
Loans	$322.34 million
Deposits	$420.63 million
Equity Capital	$41.35 million
Loan Loss Allowance	$5.22 million
Unbacked Noncurrent Loans	$10.96 million
Real Estate Owned	$13.96 million
Historic Data - March 2011
Assets	$434.92 million
Equity Capital	$39.73 million
Loan Loss Allowance	$5.22 million
Unbacked Noncurrent Loans	$15.43 million
Real Estate Owned	$10.39 million
Profit Margin - Quarterly
Net Interest Margin	4.47%
Return on Assets	0.44%
Return on Equity	4.87%
Interest Income	$5.20 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Legacy Bank had $24.92 million in non-current loans and owned real-estate with $46.57 million in equity and loan loss allowances on hand to cover it. This gives Legacy Bank a Texas Ratio of 53.51% which is below 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 held steady from 58.05% as of March 31, 2011 to 53.51% as of March 31, 2012, resulting in a positive change of 7.84%.This indicates that the balance sheet and financial strength for Legacy Bank has held steady in recent periods.
Deposit Growth
In the past year, Legacy Bank has increased its total deposits by $26.73 million, resulting in 6.79% 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 has shown is excellent.
Capitalization
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 has $463.21 million in assets with $46.57 million in equity, resulting in a capitalization level of 10.05%, which is above average.