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Overview / Commentary
800-687-9688
101 West Main
Hinton, OK 73047

Legacy Bank is headquartered in Hinton and is the 25th largest bank in the state of Oklahoma. It is also the 1,366th largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 173 employees at 11 locations. Legacy Bank's savings rates are 4X the national average, but it has a C health rating.

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Health

Data for Q1 2014

Institution Health

C

Texas Ratio

GRADE:
C-

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 March 31, 2014 Legacy Bank had $23.79 million in non-current loans and owned real-estate with $46.46 million in equity and loan loss allowances on hand to cover it. This gives Legacy Bank a Texas Ratio of 51.20% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Legacy Bank experienced no significant changes from 45.85% as of March 31, 2013 to 51.20% as of March 31, 2014, resulting in a negative change of 11.66%. This indicates that the balance sheet and financial strength for Legacy Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Legacy Bank has decreased its total deposits by -$20.78 million, resulting in -4.52% 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 below average.

Capitalization

GRADE:
C+

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 $493.32 million in assets with $46.46 million in equity, resulting in a capitalization level of 9.42%, which is average.

Institution Statistics

Overall
FDIC Certificate #4042
Year Established1902
Employees173
Primary RegulatorFDIC
Assets and Liabilities
Assets$493.32 million
Loans$376.74 million
Deposits$439.30 million
Equity Capital$41.28 million
Loan Loss Allowance$5.19 million
Unbacked Noncurrent Loans$7.66 million
Real Estate Owned$16.12 million
Historic Data - March 2013
Assets$503.91 million
Equity Capital$42.60 million
Loan Loss Allowance$5.92 million
Unbacked Noncurrent Loans$7.66 million
Real Estate Owned$15.54 million
Profit Margin - Quarterly
Net Interest Margin4.8%
Return on Assets0.57%
Return on Equity6.87%
Interest Income$5.70 million
Rates
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Legacy Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$5kBear Club Savings
0.12%$200-Regular Savings
0.12%--Youth Savings

Legacy Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$250-Money Market Savings

Legacy Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$25kWin-Win Checking - Qualifying
0.10%$2,500-Priority Club Checking
0.03%--Win-Win Checking - Non Qualifying
Locations

Legacy Bank has 11 locations. Click to view all Legacy Bank locations.