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Overview / Commentary
101 West Tarrant
Bowie, TX 76230

Legend Bank is headquartered in Bowie and is the 85th largest bank in the state of Texas. It is also the 1,129th largest bank in the nation. It was established in 1890 and as of March of 2014, it had grown to 140 employees at 9 locations. Legend Bank has a A+ health rating.

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Data for Q1 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 March 31, 2014 Legend Bank had $4.28 million in non-current loans and owned real-estate with $77.94 million in equity and loan loss allowances on hand to cover it. This gives Legend Bank a Texas Ratio of 5.50% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Legend Bank decreased dramatically from 13.42% as of March 31, 2013 to 5.50% as of March 31, 2014, resulting in a positive change of 59.05%.This indicates that the balance sheet and financial strength for Legend Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Legend Bank has increased its total deposits by $24.28 million, resulting in 4.93% 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 Legend Bank has shown is excellent.



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. Legend Bank has $592.86 million in assets with $77.94 million in equity, resulting in a capitalization level of 13.15%, which is excellent.

Institution Statistics

FDIC Certificate #3108
Year Established1890
Primary RegulatorOCC
Assets and Liabilities
Assets$592.86 million
Loans$357.22 million
Deposits$516.38 million
Equity Capital$71.75 million
Loan Loss Allowance$6.18 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$3.16 million
Historic Data - March 2013
Assets$581.90 million
Equity Capital$73.36 million
Loan Loss Allowance$5.19 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$5.75 million
Profit Margin - Quarterly
Net Interest Margin4.28%
Return on Assets1.49%
Return on Equity12.56%
Interest Income$5.97 million
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Legend Bank Savings Account Rates

0.50%-$10kUltimate Saver - Qualifying
0.01%--Ultimate Saver - Non Qualifying

Legend Bank Checking Account Rates

1.50%-$10kUltimate Checking - Qualifying
0.01%--Ultimate Checking - Non Qualifying

Legend Bank Locations
Henrietta Branch1002 E OmegaHenrietta, TX 76365
Legend Bank, N.A.101 West TarrantBowie, TX 76230
Alvord Branch110 Franklin StreetAlvord, TX 76225
Nocona Branch115 Clay StreetNocona, TX 76255
Decatur Branch1706 Fm 51 SouthDecatur, TX 76234
North Center Branch2232 North CenterBonham, TX 75418
2500 Highway 82 West Branch2500 Highway 82 WestWhitesboro, TX 76273
North Fort Worth Branch3001 Western Center BlvdFort Worth, TX 76131
Bonham Branch502 North Center StreetBonham, TX 75418