Legend Bank, N.A.
Bowie, Texas, Montague County
$1.3B in total assets, the 877th largest of 4,309 US banks and 77th of 352 headquartered in Texas.
- FDIC certificate
- 3108
- Established
- 1890
- Owned by
- Legend Bcorp Inc
- Primary regulator
- OCC
- Website
- www.legend.bank
At a glance
Compared with 77 banks headquartered in Texas with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.3B | 18% | $2.2B | |
| Loans | $824M | 20% | $1.3B | |
| Deposits | $1.1B | 22% | $1.8B | |
| Return on assets | 1.81% | 75% | 1.53% | |
| Net interest margin | 4.72% | 86% | 3.95% | |
| Efficiency ratio | 58.5% | 57% | 57.5% | |
| Equity to assets | 9.51% | 32% | 10.77% | |
| Loans to deposits | 73% | 38% | 80% |
Growth
Total assets grew 6.2% a year over the last 5 years and 7.7% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2019 | The Enloe State Bank Cooper, TX | $37M |
| Nov 2007 | Bonham State Bank Bonham, TX | $89M |
| Mar 1990 | Alvord National Bank Alvord, TX | $8M |
| Apr 1989 | First National Bank of Nocona Nocona, TX | $23M |
Where they operate
15 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Montague County, TX | $368M | 52.7% | 1 of 6 |
| Wise County, TX | $192M | 12.2% | 4 of 12 |
| Fannin County, TX | $175M | 23.8% | 2 of 5 |
| Grayson County, TX | $133M | 3.2% | 8 of 17 |
| Tarrant County, TX | $132M | 0.2% | 42 of 74 |
| Clay County, TX | $71M | 57.9% | 1 of 2 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 5 branches since 2016 (10 to 15, +50.0%). 4 opened, 1 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 10 | |||
| 2017 | Opened Sherman | 1 | 0 | +1 | 11 |
| 2018 | Opened Decatur | 1 | 0 | +1 | 12 |
| 2019 | Acquired The Enloe State BankOpened North Richland Hills | 2 | 0 | +2 | 14 |
| 2020 | Opened Whitewright | 1 | 0 | +1 | 15 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 28% | 39% | |
| 1-4 family residential | 16% | 20% | |
| Agricultural | 15% | 1% | |
| Business (C&I) | 13% | 15% | |
| Construction and land | 12% | 13% | |
| Farmland | 9% | 3% | |
| Multifamily | 2% | 4% | |
| Consumer | 1% | 2% | |
| Other | 4% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 40% | 48% | |
| Time deposits | 35% | 26% | |
| Noninterest-bearing | 25% | 26% |
Brokered deposits are 0.0% of deposits (peers 4.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.12% | 0.46% |
| Net charge-offs, annualized | 0.07% | 0.04% |
| Reserves to loans | 1.28% | 1.20% |
| Leverage ratio | 10.35% | 10.79% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Texas
Largest competitors in Montague County, TX
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/legend