Legacy Bank in Altoona, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Legacy Bank - Overview

  • General
  • FDIC Certificate #: 15414
    Status: Active
    Federal Reserve ID: 767040
    Bank Holding Company (Regulatory Top Holder): F. S. Bancor, Inc. (RSSDID: 1202388, Location: Mitchellville, IA)
    Date Established: January 01, 1904
    WWW: http://www.banklegacy.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 9730
    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: August 20, 1936
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 502 8th Street, S.W., Altoona, IA 50009
    County: Polk
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $81.9 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $74.8 mil
    Return on assets (ROA): -0.52% (-$0.4 mil)
    Quarterly return on assets: -1.25% (-$1.0 mil)
    Return on Equity (ROE): -6.05% (-$0.4 mil)
    Quarterly return on equity: -14.41% (-$1.0 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -0.54% (-$442.1 mil)
    Quarterly Pretax return on assets: -1.25% (-$1,023.3 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
  • 32Total employees (full-time equivalent)
  • $81,862Total assets
  • $5,409Cash and due from depository institutions
  • $1,736Interest-bearing balances
  • $10,947Securities
  • $243Federal funds sold & reverse repurchase agreements
  • $59,544Net loans & leases
  • $951Loan loss allowance
  • $0Trading account assets
  • $2,297Bank premises and fixed assets
  • $2,468Other real estate owned
  • $75Goodwill and other intangibles
  • $81,862Life insurance assets
  • $879All other assets
  • $74,881Total liabilities and capital
  • $74,792Total liabilities
  • $57,408Total deposits
  • $74,792Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $89Subordinated debt
  • $6,981All other liabilities
  • $6,981Total equity capital
  • $6,981Total bank equity capital
  • $0Perpetual preferred stock
  • $189Common stock
  • $2,711Surplus
  • $4,081Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $298Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,781Income earned, not collected on loans
  • $0Earning assets
  • $377Long-term assets (5+ years)
  • $72,470Average Assets, year-to-date
  • $5,681Average Assets, quarterly
  • $84,210Volatile liabilities
  • $82,058Insider loans
  • $57,428FHLB advances
  • $84,609Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,894Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,585Restructured Loans and leases
  • $1,218Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,604Total interest income
  • $453Total interest expense
  • $3,151Net interest income
  • $770Provision for loan and lease losses
  • $1,088Total noninterest income
  • $2Fiduciary activities
  • $264Service charges on deposit accounts
  • $0Trading account gains & fees
  • $822Additional noninterest income
  • $3,935Total noninterest expense
  • $2,216Salaries and employee benefits
  • $573Premises and equipment expense
  • $1,146Additional noninterest expense
  • -$466Pre-tax net operating income
  • $9Securities gains (losses)
  • -$15Applicable income taxes
  • -$442Income before extraordinary items
  • $0Extraordinary gains - net
  • -$442Net income attributable to bank
  • $0Net charge-offs
  • -$442Cash dividends
  • $973Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 0.60%Cost of funding earning assets
  • 4.20%Net interest margin
  • 1.45%Noninterest income to earning assets
  • 5.25%Noninterest expense to earning assets
  • -0.54%Net operating income to assets
  • -0.52%Return on assets (ROA)
  • -0.54%Pretax return on assets
  • -6.05%Return on equity (ROE)
  • -6.05%Retained earnings to average equity (YTD only)
  • 1.62%Net charge-offs to loans
  • 79.14%Credit loss provision to net charge-offs
  • 0.31%Efficiency ratio
  • 92,687Assets per employee
  • 2.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 25.15%Noncurrent assets plus other real estate owned to assets
  • 7.63%Noncurrent loans to loans
  • 6.25%Net loans and leases to deposits
  • 79.61%Net loans and leases to core deposits
  • 80.16%Equity capital to assets
  • 8.53%Core capital (leverage) ratio
  • 8.15%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $84,210Average earning assets
  • $7,300Average equity
  • $74,988Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $283Managed Assets
  • 1Number of Accounts
  • $283Personal trust and agency accounts
  • $283Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09730Legacy Bank502 8th Street, S.W., Altoona, IA 50009January 01, 1904Full Service Brick and Mortar
    1233925Bondurant Branch1201 Grant St. S, Bondurant, IA 50035July 01, 1936Full Service Brick and Mortar
    2233926Mitchellville Branch215 Center Street South, Mitchellville, IA 50169July 11, 1994Full Service Brick and Mortar
    3478529Clive Branch12901 University Avenue, Clive, IA 50325November 09, 2007Full Service Brick and Mortar

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