Legend Bank

Legend Bank Locations
101 West Tarrant
Bowie, TX 76230
940.872.2221
www.legend-bank.com

FDIC

Legend Bank is headquartered in Bowie and is the 84th largest bank in the state of Texas. It is also the 1,152nd largest bank in the nation. It was established in 1890 and as of December of 2012, it had grown to 138 employees at 9 locations. Legend Bank has a 4-star health rating.

Related Posts

Legend Bank (TX) New RCA Name, Lower Rate (2.02%,$10K) To (1.5%,$10K) (Forum) - 11/23/2012

In addition to lowering the rate, the bank has apparently moved away from the Kasasa brand and resume using its original name for the RCA.  Kasasa Cash and Saver are now called Ultimate Checking and Ultimate Saver. 

High-Yield Reward Checking Account at a Texas Bank (Legend Bank) - 5/11/2008

Update 11/09/09: The top rate has risen to 4.09% APY. Refer to the bottom of the post for the rate history.Legend Bank has a reward checking account called Ultimate Checking that pays 4.09% APY on balances up to $25,000 (1.02% for above) and refunds ATM...



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See Rates for: Checking | Savings

Legend Bank Checking Account Rates

ApyMinMaxProduct
1.50%-$10kUltimate Checking

Legend Bank Savings Account Rates

ApyMinMaxProduct
0.50%-$10kUltimate Saver

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


Legend Bank, N.A.
FDIC Certificate #3108
BankRate ReportView
Year Established1890
Employees138
Primary RegulatorOCC

Assets and Liabilities

Assets$580.41 million
Loans$312.15 million
Deposits$503.16 million
Equity Capital$73.40 million
Loan Loss Allowance$5.47 million
Unbacked Noncurrent Loans$5.34 million
Real Estate Owned$5.90 million

Historic Data - December 2011

Assets$586.11 million
Equity Capital$68.41 million
Loan Loss Allowance$6.11 million
Unbacked Noncurrent Loans$5.19 million
Real Estate Owned$7.35 million

Profit Margin - Quarterly

Net Interest Margin4.26%
Return on Assets0.94%
Return on Equity7.73%
Interest Income$24.39 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 December 31, 2012 Legend Bank had $11.24 million in non-current loans and owned real-estate with $78.87 million in equity and loan loss allowances on hand to cover it. This gives Legend Bank a Texas Ratio of 14.25% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Legend Bank decreased slightly from 16.83% as of December 31, 2011 to 14.25% as of December 31, 2012, resulting in a positive change of 15.31%.This indicates that the balance sheet and financial strength for Legend Bank has improved slightly in recent periods.
Deposit Growth2
In the past year, Legend Bank has decreased its total deposits by -$9.37 million, resulting in -1.83% 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 below average.
Capitalization5
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 $580.41 million in assets with $78.87 million in equity, resulting in a capitalization level of 13.59%, which is excellent.
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