Legacy Banks

Headquarters

99 North Street
Pittsfield, MA 01201
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Legacy Banks is an FDIC insured institution located in Pittsfield, MA. It was founded in 1893 and has approximately $0.88 billion in assets.

FDIC Insured Yes
FDIC Certificate # 90265
Date Established 1893
Assets $ 879.06 million
Loans $ 579.42 million
Deposits $ 660.92 million
Capital $ 102.43 million
 

For a more detailed analysis of Legacy Banks's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Legacy Banks

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Legacy Banks
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Legacy Banks branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Legacy Banks Locations


Financial Details

Legacy Banks Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Legacy Banks. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Legacy Banks U.S. Bank Average
12.67% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Legacy Banks had $11,868,000 in non-current loans and $2,206,000 in owned real estate. To cover these potential losses it had $102,427,000 in equity and $8,669,000 in loans loss reserves. That gives it a Texas Ratio of 12.67%.

Return on Equity
Legacy Banks U.S. Bank Average
4.58% 7.80%

Legacy Banks has a Return on Equity of 4.58% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Legacy Banks U.S. Bank Average
11.65% 12.68%

Legacy Banks has a Capitalization of 11.65% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Legacy Banks Balance Sheet Analysis

As of June 30, 2011, Legacy Banks had assets of $879,055,000, loans of $579,416,000, and deposits of $660,920,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 579.42 million
Loan loss allowance $ 8.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.21 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 660.92 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 879.06 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Legacy Banks’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Legacy Banks’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Legacy Banks

Branches and Savings

Is Legacy Banks FDIC insured?

Yes. It is covered under FDIC Certificate #90265.

Why does Legacy Banks pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Legacy Banks CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Legacy Banks a commercial bank?

Yes

Where are Legacy Banks locations?

See branch locations nearby.

Is Legacy Banks open on Saturdays?

Is Legacy Banks open on Sundays?

What time does Legacy Banks open?

What time does Legacy Banks close?

Are Legacy Banks ATMs Open 24/7?

Do Legacy Banks ATMs accept cash deposits?

Can Legacy Banks customers use other ATMs?

Do Legacy Banks branches have notaries?

Will Legacy Banks notarize my document?

What address for Legacy Banks should I put for incoming ACH transfers?

Will the Legacy Banks branch print checks?

Do Legacy Banks checks expire?

Does Legacy Banks require US citizenship to open account?

Can Legacy Banks close my account?

Does Legacy Banks Report to credit bureaus?

Does Legacy Banks Use Equifax?

What is Legacy Banks's ACH Routing Number?

What is Legacy Banks's SWIFT code?

Products

Does Legacy Banks offer mortgages?

Compare mortgage rates here.

Does Legacy Banks offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Legacy Banks offer personal loans?

Compare personal loan rates here.

Does Legacy Banks offer student loans?

Will Legacy Banks cash a check?

Will Legacy Banks redeem a savings bond?

Does Legacy Banks cash savings bonds?

Will Legacy Banks cash money orders?

Can Legacy Banks issue a money order?

Does Legacy Banks do currency exchange?

Background on The Bank

Who owns Legacy Banks?

How long has Legacy Banks been around?

Can Legacy Banks transfer to other banks?

Does Legacy Banks have quick pay?

Does Legacy Banks accept rolled coins?

Will Legacy Banks accept loose change?

Where is Legacy Banks headquarters?

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