Legacy Bank in Wiley, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches


Legacy Bank - Overview

  • General
  • FDIC Certificate #: 12699
    Status: Active
    Federal Reserve ID: 478252
    Date Established: May 25, 1907
    WWW: http://www.legacyib.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 9268
    FDIC's unique #: 8055
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 02, 2009
    Last Structure Change Process Date: October 05, 2009
    Last Data Update: October 05, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 220 Main Street, Wiley, CO 81092
    County: Prowers
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
    Corrections
  • Financial Summary
  • Total assets: $252.4 mil
    Equity capital: $33.8 mil
    Deposits held in domestic offices: $213.1 mil
    Return on assets (ROA): 0.49% ($1.2 mil)
    Quarterly return on assets: 0.93% ($2.3 mil)
    Return on Equity (ROE): 3.63% ($1.2 mil)
    Quarterly return on equity: 6.99% ($2.4 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.49% ($1,237.0 mil)
    Quarterly Pretax return on assets: 0.93% ($2,347.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 53Total employees (full-time equivalent)
  • $252,442Total assets
  • $12,593Cash and due from depository institutions
  • $7,753Interest-bearing balances
  • $48,961Securities
  • $3,025Federal funds sold & reverse repurchase agreements
  • $159,241Net loans & leases
  • $2,356Loan loss allowance
  • $0Trading account assets
  • $5,062Bank premises and fixed assets
  • $4,117Other real estate owned
  • $5,984Goodwill and other intangibles
  • $252,442Life insurance assets
  • $13,459All other assets
  • $218,628Total liabilities and capital
  • $213,070Total liabilities
  • $183,213Total deposits
  • $213,070Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,658Trading liabilities
  • $0Other borrowed funds
  • $900Subordinated debt
  • $33,814All other liabilities
  • $33,814Total equity capital
  • $33,814Total bank equity capital
  • $0Perpetual preferred stock
  • $125Common stock
  • $7,149Surplus
  • $26,540Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,704Income earned, not collected on loans
  • $0Earning assets
  • $1,068Long-term assets (5+ years)
  • $218,980Average Assets, year-to-date
  • $41,228Average Assets, quarterly
  • $247,950Volatile liabilities
  • $252,920Insider loans
  • $184,433FHLB advances
  • $254,101Loans and leases held for sale
  • $6,122Unused loan commitments
  • $6,122Tier 1 (core) risk-based capital
  • $27,310Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,656Restructured Loans and leases
  • $1,498Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,349Total interest income
  • $2,041Total interest expense
  • $9,308Net interest income
  • $1,971Provision for loan and lease losses
  • $436Total noninterest income
  • $0Fiduciary activities
  • $337Service charges on deposit accounts
  • $0Trading account gains & fees
  • $99Additional noninterest income
  • $6,116Total noninterest expense
  • $3,089Salaries and employee benefits
  • $941Premises and equipment expense
  • $2,086Additional noninterest expense
  • $1,657Pre-tax net operating income
  • -$449Securities gains (losses)
  • $0Applicable income taxes
  • $1,208Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,208Net income attributable to bank
  • $0Net charge-offs
  • $1,208Cash dividends
  • $2,869Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 4.34%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 3.63%Return on equity (ROE)
  • 2.88%Retained earnings to average equity (YTD only)
  • 1.74%Net charge-offs to loans
  • 68.70%Credit loss provision to net charge-offs
  • 1.26%Efficiency ratio
  • 61,063Assets per employee
  • 4.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.70%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 18.55%Noncurrent assets plus other real estate owned to assets
  • 7.22%Noncurrent loans to loans
  • 7.86%Net loans and leases to deposits
  • 74.74%Net loans and leases to core deposits
  • 85.81%Equity capital to assets
  • 13.39%Core capital (leverage) ratio
  • 10.75%Tier 1 risk-based capital ratio
  • 14.81%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $247,950Average earning assets
  • $33,281Average equity
  • $214,342Average loans

List of branches

  • 9 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08055Legacy Bank220 Main Street, Wiley, CO 81092May 25, 1907Full Service Brick and Mortar
    2441116Legacy Bank Branch101 North Main Street, Pueblo, CO 81003June 03, 2005Full Service Brick and Mortar
    3454702Legacy Bank - Canon City Branch1010 Royal Gorge Blvd, Canon City, CO 81212June 30, 2006Full Service Brick and Mortar
    6258156Mobile Branch945 Tenderfoot Hill Road, Colorado Springs, CO 80906May 03, 1999Limited Service Mobile
    7468279Cheyenne Mountain Rd Branch1580 E. Cheyenne Mountain Rd., Colorado Springs, CO 80906August 25, 2007Full Service Brick and Mortar
    9437779Pueblo West Branch7 East Spaulding Avenue, Pueblo West, CO 81007January 03, 2005Full Service Brick and Mortar
    11510608Legacy Bank Branch730 Desert Flower Blvd, Pueblo, CO 81001November 03, 2009Full Service Brick and Mortar
    12510609Legacy Bank Branch210 E Olive, Lamar, CO 81052December 11, 2009Full Service Brick and Mortar
    13515539Mobile Branch730 Desert Flower Blvd., Pueblo, CO 81001January 03, 2011Limited Service Mobile

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