Legend Bank, N.A. in Bowie, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Legend Bank, N.A. - Overview

  • General
  • FDIC Certificate #: 3108
    Status: Active
    Federal Reserve ID: 100357
    Bank Holding Company (Regulatory Top Holder): Legend Bancorp, Inc. (RSSDID: 1416578, Location: Bowie, TX)
    Date Established: March 01, 1890
    WWW: http://www.legend-bank.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: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 16061
    FDIC's unique #: 1983
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 10, 2007
    Last Structure Change Process Date: November 26, 2007
    Last Data Update: November 26, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 West Tarrant, Bowie, TX 76230
    County: Montague
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $586.1 mil
    Equity capital: $68.4 mil
    Deposits held in domestic offices: $512.5 mil
    Return on assets (ROA): 0.89% ($5.2 mil)
    Quarterly return on assets: 1.17% ($6.9 mil)
    Return on Equity (ROE): 7.78% ($5.3 mil)
    Quarterly return on equity: 10.04% ($6.8 mil)
    Net income: $5.0 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.02% ($5,978.3 mil)
    Quarterly Pretax return on assets: 1.47% ($8,615.8 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
  • 138Total employees (full-time equivalent)
  • $586,112Total assets
  • $16,312Cash and due from depository institutions
  • $5,791Interest-bearing balances
  • $215,398Securities
  • $4,500Federal funds sold & reverse repurchase agreements
  • $296,209Net loans & leases
  • $6,112Loan loss allowance
  • $0Trading account assets
  • $9,475Bank premises and fixed assets
  • $7,351Other real estate owned
  • $12,962Goodwill and other intangibles
  • $586,112Life insurance assets
  • $23,905All other assets
  • $517,704Total liabilities and capital
  • $512,530Total liabilities
  • $413,117Total deposits
  • $512,530Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5,174Subordinated debt
  • $68,408All other liabilities
  • $68,408Total equity capital
  • $68,408Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $12,000Surplus
  • $54,408Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,189Income earned, not collected on loans
  • $0Earning assets
  • $4,574Long-term assets (5+ years)
  • $521,898Average Assets, year-to-date
  • $207,772Average Assets, quarterly
  • $567,685Volatile liabilities
  • $582,403Insider loans
  • $380,245FHLB advances
  • $568,450Loans and leases held for sale
  • $13,023Unused loan commitments
  • $13,023Tier 1 (core) risk-based capital
  • $50,295Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,541Restructured Loans and leases
  • $3,661Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,677Total interest income
  • $3,800Total interest expense
  • $20,877Net interest income
  • $1,581Provision for loan and lease losses
  • $3,012Total noninterest income
  • $0Fiduciary activities
  • $2,228Service charges on deposit accounts
  • $0Trading account gains & fees
  • $784Additional noninterest income
  • $17,471Total noninterest expense
  • $9,313Salaries and employee benefits
  • $1,463Premises and equipment expense
  • $6,695Additional noninterest expense
  • $4,837Pre-tax net operating income
  • $938Securities gains (losses)
  • $746Applicable income taxes
  • $5,029Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,029Net income attributable to bank
  • $0Net charge-offs
  • $5,029Cash dividends
  • $1,613Sale, conversion, retirement of capital stock, net
  • $1,326Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 7.78%Return on equity (ROE)
  • 5.73%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 98.02%Credit loss provision to net charge-offs
  • 3.98%Efficiency ratio
  • 71,845Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.37%Loss allowance to loans
  • 2.02%Loss allowance to noncurrent loans
  • 117.79%Noncurrent assets plus other real estate owned to assets
  • 2.14%Noncurrent loans to loans
  • 1.72%Net loans and leases to deposits
  • 57.79%Net loans and leases to core deposits
  • 60.27%Equity capital to assets
  • 11.67%Core capital (leverage) ratio
  • 8.85%Tier 1 risk-based capital ratio
  • 13.23%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $567,685Average earning assets
  • $64,605Average equity
  • $506,665Average loans

List of branches

  • 9 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01983Legend Bank, N.A.101 West Tarrant, Bowie, TX 76230March 01, 1890Full Service Brick and Mortar
    12184Nocona Branch115 Clay Street, Nocona, TX 76255April 21, 1921Full Service Brick and Mortar
    31954Alvord Branch110 Franklin Street, Alvord, TX 76225January 16, 1908Full Service Brick and Mortar
    4196078Henrietta Branch1002 E Omega, Henrietta, TX 76365June 03, 1996Full Service Brick and Mortar
    5196079Decatur Branch1706 Fm 51 South, Decatur, TX 76234September 30, 1996Full Service Brick and Mortar
    8176412500 Highway 82 West Branch2500 Highway 82 West, Whitesboro, TX 76273October 19, 1984Full Service Brick and Mortar
    95762Bonham Branch502 North Center Street, Bonham, TX 75418January 01, 1931Full Service Brick and Mortar
    10219305North Center Branch2232 North Center, Bonham, TX 75418August 17, 1987Limited Service Facility
    11493599North Fort Worth Branch3001 Western Center Blvd, Fort Worth, TX 76131October 07, 2008Full Service Brick and Mortar

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