Legacy National Bank in Springdale, Arkansas (AR)



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Legacy National Bank
GeneralFDIC Certificate #: 57953
Status: Active
Federal Reserve ID: 3306280
Date Established: March 28, 2005
WWW: http://www.legacyar.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 432578
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: March 28, 2005
Last Structure Change Effective Date: October 23, 2006
Last Structure Change Process Date: December 07, 2006
Last Data Update: December 07, 2006
Data Source Date: April 05, 2012
LocationAddress: 4055 West Sunset, Springdale, AR 72762
County: Washington
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Fayetteville-Springdale-Rogers, AR (#2580)
Core Based Statistical Area (CBSA): Fayetteville-Springdale-Rogers, AR-MO (#22220)
CBSA Metro Statistical Area: Fayetteville-Springdale-Rogers, AR-MO (#22220)
History of ChangesChange in Location
Financial SummaryTotal assets: $256.8 mil
Equity capital: $34.2 mil
Deposits held in domestic offices: $195.2 mil
Return on assets (ROA): 0.14% ($0.4 mil)
Quarterly return on assets: 0.09% ($0.2 mil)
Return on Equity (ROE): 1.08% ($0.4 mil)
Quarterly return on equity: 0.63% ($0.2 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.24% ($616.2 mil)
Quarterly Pretax return on assets: 0.14% ($359.5 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)
Total employees (full-time equivalent)51
Total assets$256,752
Cash and due from depository institutions$34,025
Interest-bearing balances$29,113
Securities$11,219
Federal funds sold & reverse repurchase agreements$6,950
Net loans & leases$172,749
Loan loss allowance $4,728
Trading account assets$0
Bank premises and fixed assets$10,743
Other real estate owned$9,195
Goodwill and other intangibles$0
All other assets$11,871
Life insurance assets$256,752
Total liabilities and capital$222,588
Total liabilities$195,166
Total deposits$158,689
Interest-bearing deposits$195,166
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$27,000
Other borrowed funds $0
Subordinated debt $422
All other liabilities $34,164
Total equity capital$34,164
Total bank equity capital$34,164
Perpetual preferred stock$1
Common stock$4
Surplus$46,083
Undivided profits $-11,924
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $9,299
Earning assets $0
Long-term assets (5+ years) $662
Average Assets, year-to-date $220,031
Average Assets, quarterly $19,343
Volatile liabilities $252,622
Insider loans $248,305
FHLB advances $195,319
Loans and leases held for sale $237,925
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $26,984
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $23,427
Derivatives$1,430
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,805
Total interest expense $2,465
Net interest income $7,340
Provision for loan and lease losses $125
Total noninterest income $132
Fiduciary activities $0
Service charges on deposit accounts $168
Trading account gains & fees $0
Additional noninterest income -$36
Total noninterest expense $6,741
Salaries and employee benefits $3,154
Premises and equipment expense $967
Additional noninterest expense $2,620
Pre-tax net operating income $606
Securities gains (losses) $0
Applicable income taxes $240
Income before extraordinary items $366
Extraordinary gains - net $0
Net income attributable to bank $366
Net charge-offs $0
Cash dividends $366
Sale, conversion, retirement of capital stock, net $396
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.61%
Cost of funding earning assets 1.16%
Net interest margin 3.45%
Noninterest income to earning assets 0.06%
Noninterest expense to earning assets 3.17%
Net operating income to assets 0.14%
Return on assets (ROA) 0.14%
Pretax return on assets 0.24%
Return on equity (ROE) 1.08%
Retained earnings to average equity (YTD only) 1.08%
Net charge-offs to loans 0.23%
Credit loss provision to net charge-offs 31.57%
Efficiency ratio1.85%
Assets per employee$90,217
Cash dividends to net income (YTD only)5.03%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.66%
Noncurrent assets plus other real estate owned to assets 50.84%
Noncurrent loans to loans 7.20%
Net loans and leases to deposits5.24%
Net loans and leases to core deposits 88.51%
Equity capital to assets 103.45%
Core capital (leverage) ratio 13.31%
Tier 1 risk-based capital ratio 11.34%
Total risk-based capital ratio 13.82%
Memoranda
Average assets$15
Average earning assets$252,622
Average equity $33,806
Average loans $212,917
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4 Arkansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0432578Legacy National Bank4055 West Sunset, Springdale, AR 72762March 28, 2005Full Service Brick and Mortar
1444556Butterfield Coach Road Branch``2081 Butterfield Coach Road, Springdale, AR 72764August 15, 2005Full Service Brick and Mortar
2469117Legacy National Bank Pinnacle Branch5415 Pinnacle Point Drive, Suite 500, Rogers, AR 72758October 05, 2007Full Service Brick and Mortar
3469294South Branch3607 South Thompson Street, Springdale, AR 72764September 20, 2007Full Service Brick and Mortar
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