Legends Bank in Clarksville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Legends Bank in Clarksville, Tennessee (TN)
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Legends Bank - Overview

  • General
  • FDIC Certificate #: 34936
    Status: Active
    Federal Reserve ID: 2745426
    Bank Holding Company (Regulatory Top Holder): Legends Financial Holdings, Inc. (RSSDID: 3100349, Location: Clarksville, TN)
    Date Established: November 12, 1998
    WWW: http://www.legendsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 16144
    FDIC's unique #: 62055
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 12, 1998
    Last Structure Change Effective Date: August 20, 2010
    Last Structure Change Process Date: August 24, 2010
    Last Data Update: August 24, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 310 First Street, Clarksville, TN 37040
    County: Montgomery
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Clarksville-Hopkinsville, TN-KY (#1660)
    Core Based Statistical Area (CBSA): Clarksville, TN-KY (#17300)
    CBSA Metro Statistical Area: Clarksville, TN-KY (#17300)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $349.6 mil
    Equity capital: $31.1 mil
    Deposits held in domestic offices: $296.3 mil
    Return on assets (ROA): -0.33% (-$1.2 mil)
    Quarterly return on assets: -2.52% (-$8.8 mil)
    Return on Equity (ROE): -3.52% (-$1.1 mil)
    Quarterly return on equity: -27.23% (-$8.4 mil)
    Net income: -$1.1 mil
    Quarterly Net income: -$2.2 mil
    Pretax return on assets: -0.61% (-$2,132.3 mil)
    Quarterly Pretax return on assets: -3.93% (-$13,737.3 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
  • 84Total employees (full-time equivalent)
  • $349,550Total assets
  • $18,285Cash and due from depository institutions
  • $4,646Interest-bearing balances
  • $71,776Securities
  • $2,070Federal funds sold & reverse repurchase agreements
  • $238,410Net loans & leases
  • $3,938Loan loss allowance
  • $0Trading account assets
  • $10,861Bank premises and fixed assets
  • $349Other real estate owned
  • $933Goodwill and other intangibles
  • $349,550Life insurance assets
  • $6,866All other assets
  • $318,427Total liabilities and capital
  • $296,311Total liabilities
  • $252,361Total deposits
  • $296,311Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 1063.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,836Trading liabilities
  • $0Other borrowed funds
  • $1,217Subordinated debt
  • $31,123All other liabilities
  • $31,123Total equity capital
  • $31,123Total bank equity capital
  • $0Perpetual preferred stock
  • $1,144Common stock
  • $20,082Surplus
  • $9,897Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,459Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,652Income earned, not collected on loans
  • $0Earning assets
  • $1,367Long-term assets (5+ years)
  • $316,902Average Assets, year-to-date
  • $76,746Average Assets, quarterly
  • $343,561Volatile liabilities
  • $347,658Insider loans
  • $272,249FHLB advances
  • $348,645Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,137Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,966Restructured Loans and leases
  • $2,915Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,775Total interest income
  • $4,842Total interest expense
  • $12,933Net interest income
  • $2,955Provision for loan and lease losses
  • $2,068Total noninterest income
  • $0Fiduciary activities
  • $960Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,108Additional noninterest income
  • $9,850Total noninterest expense
  • $5,339Salaries and employee benefits
  • $1,349Premises and equipment expense
  • $3,162Additional noninterest expense
  • $2,196Pre-tax net operating income
  • -$4,296Securities gains (losses)
  • -$972Applicable income taxes
  • -$1,128Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,128Net income attributable to bank
  • $0Net charge-offs
  • -$1,128Cash dividends
  • $2,240Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.61%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • -0.33%Return on assets (ROA)
  • -0.61%Pretax return on assets
  • -3.52%Return on equity (ROE)
  • -3.52%Retained earnings to average equity (YTD only)
  • 0.94%Net charge-offs to loans
  • 131.92%Credit loss provision to net charge-offs
  • 2.30%Efficiency ratio
  • 64,136Assets per employee
  • 4.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 69.67%Noncurrent assets plus other real estate owned to assets
  • 1.72%Noncurrent loans to loans
  • 2.33%Net loans and leases to deposits
  • 80.46%Net loans and leases to core deposits
  • 111.13%Equity capital to assets
  • 8.90%Core capital (leverage) ratio
  • 8.36%Tier 1 risk-based capital ratio
  • 10.70%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $343,561Average earning assets
  • $32,054Average equity
  • $316,628Average loans

List of branches

  • 7 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062055Legends Bank310 First Street, Clarksville, TN 37040November 12, 1998Full Service Brick and Mortar
    2362182Beachaven Branch1950 Madison Street, Clarksville, TN 37043March 20, 1999Full Service Brick and Mortar
    3419019Dover Crossing Branch140 Dover Crossing Road, Clarksville, TN 37042March 17, 2003Full Service Brick and Mortar
    7423241Dover Branch300 Donelson Parkway, Dover, TN 37058November 15, 2003Full Service Brick and Mortar
    8441946Eagle Branch1814 Tiny Town Road, Clarksville, TN 37042July 18, 2005Full Service Brick and Mortar
    9460582St. Bethlehem Branch2120 Wilma Rudolph Boulevard, Clarksville, TN 37040March 05, 2007Full Service Brick and Mortar
    10474171Nashville Brentwood Branch157 Franklin Road, Brentwood, TN 37027April 09, 2008Full Service Brick and Mortar

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