LegacyTexas Bank

Headquarters

5000 Legacy Drive
Plano, TX 75074
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. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

LegacyTexas Bank is an FDIC insured institution located in Plano, TX. It was founded in 1963 and has approximately $1.9 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18843
Date Established 1963
Assets $ 1,832.98 million
Loans $ 1,384.29 million
Deposits $ 1,571.12 million
Capital $ 187.36 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LegacyTexas Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut 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 LegacyTexas Bank
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Branches

LegacyTexas Bank 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:
Fairfield,Connecticut


LegacyTexas Bank Locations


Financial Details

LegacyTexas Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of LegacyTexas Bank. 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
LegacyTexas Bank U.S. Bank Average
3.63% 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, LegacyTexas Bank had $1,813,000 in non-current loans and $5,713,000 in owned real estate. To cover these potential losses it had $187,358,000 in equity and $19,710,000 in loans loss reserves. That gives it a Texas Ratio of 3.63%.

Return on Equity
LegacyTexas Bank U.S. Bank Average
19.55% 7.80%

LegacyTexas Bank has a Return on Equity of 19.55% 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
LegacyTexas Bank U.S. Bank Average
10.22% 12.68%

LegacyTexas Bank has a Capitalization of 10.22% 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.

LegacyTexas Bank Balance Sheet Analysis

As of September 30, 2014, LegacyTexas Bank had assets of $1,897,483,000, loans of $1,384,286,000, and deposits of $1,571,122,000. 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 $ 1,384.29 million
Loan loss allowance $ 19.71 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.71 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 1,571.12 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 $ 1,832.98 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 LegacyTexas Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, LegacyTexas Bank’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 21.30
Multifamily
Mortgages
0.18
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 7.38
Construction and Development Loans 13.48
Commercial Real Estate 36.26
Commercial and Industrial Loans 20.49
Farm Loans 0.00

Frequently Asked Questions About Legacytexas Bank

Branches and Savings

Is Legacytexas Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18843.

Why does Legacytexas Bank pay such low interest on savings accounts?

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

Why are Legacytexas Bank CD rates not competitive?

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

Is Legacytexas Bank a commercial bank?

Yes

Where are Legacytexas Bank locations?

See branch locations nearby.

Is Legacytexas Bank open on Saturdays?

Is Legacytexas Bank open on Sundays?

What time does Legacytexas Bank open?

What time does Legacytexas Bank close?

Are Legacytexas Bank ATMs Open 24/7?

Do Legacytexas Bank ATMs accept cash deposits?

Can Legacytexas Bank customers use other ATMs?

Do Legacytexas Bank branches have notaries?

Will Legacytexas Bank notarize my document?

What address for Legacytexas Bank should I put for incoming ACH transfers?

Will the Legacytexas Bank branch print checks?

Do Legacytexas Bank checks expire?

Does Legacytexas Bank require US citizenship to open account?

Can Legacytexas Bank close my account?

Does Legacytexas Bank Report to credit bureaus?

Does Legacytexas Bank Use Equifax?

What is Legacytexas Bank's ACH Routing Number?

What is Legacytexas Bank's SWIFT code?

Products

Does Legacytexas Bank offer mortgages?

Compare mortgage rates here.

Does Legacytexas Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Legacytexas Bank offer personal loans?

Compare personal loan rates here.

Does Legacytexas Bank offer student loans?

Will Legacytexas Bank cash a check?

Will Legacytexas Bank redeem a savings bond?

Does Legacytexas Bank cash savings bonds?

Will Legacytexas Bank cash money orders?

Can Legacytexas Bank issue a money order?

Does Legacytexas Bank do currency exchange?

Background on The Bank

Who owns Legacytexas Bank?

How long has Legacytexas Bank been around?

Can Legacytexas Bank transfer to other banks?

Does Legacytexas Bank have quick pay?

Does Legacytexas Bank accept rolled coins?

Will Legacytexas Bank accept loose change?

Where is Legacytexas Bank headquarters?

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