# LEGACY BANK
ALTOONA, IA · FDIC certificate 15414 · asset band <$300M · latest filing 2022-09 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $176.6M | |
| Deposits | $164.3M | |
| Loans and leases | $98.5M | |
| Total equity | $12.1M | |
| Loans / deposits | 59.06% (p42 of band) | 63.45% |
| Liquid assets / assets | 43.05% (p58 of band) | |
| Uninsured deposits / deposits | 21.30% (p53 of band) | 20.44% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.07% (p3 of band) | 10.74% |
| Unrealized securities loss / equity | -6.18% (p77 of band) | -26.93% |
| AOCI / equity | -2.40% (p77 of band) | |
| ROA (annualized) | 0.69% (p35 of band) | 0.89% |
| Net interest margin | 2.95% (p35 of band) | 3.22% |
| Efficiency ratio | 78.36% (p72 of band) | |
| Noncurrent loans | 1.44% (p87 of band) | 0.22% |
| Net charge-offs (annualized) | 0.01% (p70 of band) | |
| Reserve coverage of noncurrent | 100.28% | |
| Real estate % of loans | 68% | |
| Construction % of loans | 41.58% (p66 of band) | |
| Auto loans | $1.5M (1.55% of loans; DQ 0.66%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 10.3% | |
| Employees | 32 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 3 | losing money |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 4 | charge-offs p90 |  |
| 2012-03 | 5 | deposits shrinking, assets shrinking | charge-offs p90 |
| 2012-06 | 3 |  | deposits shrinking, assets shrinking |
| 2012-09 | 4 | uninsured deposits leaving |  |
| 2012-12 | 4 | charge-offs p90 | uninsured deposits leaving |
| 2013-03 | 5 | capital falling, expense ratio p90 | charge-offs p90 |
| 2013-06 | 6 | leverage <7% |  |
| 2013-09 | 4 |  | capital falling, leverage <7% |
| 2013-12 | 4 |  |  |
| 2014-03 | 5 | uninsured deposits leaving |  |
| 2014-06 | 5 | capital falling | uninsured deposits leaving |
| 2014-09 | 4 |  | capital falling |
| 2014-12 | 4 |  |  |
| 2015-03 | 3 | charge-offs p90 | losing money, expense ratio p90 |
| 2015-06 | 3 | expense ratio p90 | charge-offs p90 |
| 2015-09 | 4 | capital falling |  |
| 2015-12 | 2 |  | expense ratio p90, capital falling |
| 2016-03 | 2 | expense ratio p90 | noncurrent p90 |
| 2016-06 | 3 | capital falling |  |
| 2016-09 | 2 |  | capital falling |
| 2016-12 | 2 |  |  |
| 2017-03 | 1 |  | expense ratio p90 |
| 2017-06 | 2 | construction >100% equity |  |
| 2017-09 | 1 |  | reserve under noncurrent |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | construction >100% equity |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | reserve under noncurrent |  |
| 2018-12 | 2 | construction >100% equity |  |
| 2019-03 | 1 |  | reserve under noncurrent |
| 2019-06 | 2 | capital falling |  |
| 2019-09 | 1 | reserve under noncurrent | construction >100% equity, capital falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 3 | capital falling, noncurrent p90 |  |
| 2020-06 | 2 |  | noncurrent p90 |
| 2020-09 | 3 | leverage <7% |  |
| 2020-12 | 1 |  | capital falling, leverage <7% |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | leverage <7% |  |
| 2022-03 | 1 |  | leverage <7% |
| 2022-06 | 1 | leverage <7% | reserve under noncurrent |
| 2022-09 | 0 |  | leverage <7% |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-07-01 [Great Southern Bank to close 9 branches, cut 66 jobs in restructuring - Springfield Daily Citizen](https://news.google.com/rss/articles/CBMidkFVX3lxTE96eVpSSWJqaVhzWkdXcnFjU3VGYWxadC1wQ29fZE94eTM4bGZDWldOMHllQzN6TXVXVzBaQy1xeDBxbHFfRVhNRnRTYmcwNEp2SmxzQU14N3p5QkhzMnZReGhYUzJ5bEFZN2tNR0g1YkhoXzRGc0E?oc=5) · Springfield Daily Citizen
- 2026-04-21 [Another legacy bank cuts 777 jobs after major deal - thestreet.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPdDQ1WGRQMU5abXRBQk1OLUU4amdOZTZyNUVJbEVmOEFyUllkeU41d2IzdzJSWktrcW9lSzk3Y1RtWVpkRFFvWi1pNE8zOUJYckRMYU03SFNUZWZTWWpNVVRDXy1RUUlTZ0dKLTMwczNXRXhObGc4STJ3Qm5seG45T2tUQmRMcF94cjdCWVRESTFvMkwyekE?oc=5) · thestreet.com
- 2022-06-23 [Brian Todd Chittenden - hamiltonsfuneralhome.com](https://news.google.com/rss/articles/CBMiY0FVX3lxTE1MRlZWckx0aTFBbmhfZDlmNkJvRy1hQUhTUjZpME90ODNMaXpMcTNKRVdWMUItcTZ5VVljdVZqNkhvRnNZYjVjclFzdHlqNkthYXFISG5CS2RHLW1Kb3pBLTFRWQ?oc=5) · hamiltonsfuneralhome.com
- 2025-06-19 [WNC, Commonwealth JV Start Affordable Housing Project in Iowa - Multifamily Housing News](https://news.google.com/rss/articles/CBMimgFBVV95cUxPVURlbFpZUkhtODFtam1oSmRpOVFCN0FaaWpISWhkRnIwOFE0MjFTUnhpc3IxeElCWkJoS01rY3hJanFmQy1Mc0c5YkJ5RVgzdFkySnlYSWs2YV9TZE5sOTd6OGpDcy1UT2ZVcm9Sa1FoTng5Sjh4d29aakFJUGMtSkJTd19RZkctOWFfRXEyeWRpVloyVUNiRml3?oc=5) · Multifamily Housing News
- 2024-03-16 [Joann Kay Fry - hamiltonsfuneralhome.com](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5haHliYlVLVGxwNWhIdFB0TFgtdXlodTUwclBoRE41TlhTb1MwVGxJWkhQZWVIb194UDNYT0VMV0poZ24yLUplZEF1dFM4amxqZDk2WGxQbjhqRGNoWTEzM3BybGxEbmM?oc=5) · hamiltonsfuneralhome.com
- 2014-04-15 [Mary Foulkes Obituary (2014) - Pleasant Hill, IA - the Des Moines Register - legacy.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxNVUFUcnNjbWZvcmJjS3dKRG5mcEFWdW1jY25MS1pUT3llZDRKRk9ucEY4b19kWTluMEdrS2FTRmNkeXVlendzN1R2dEtxNjF2d3BmTlpGajFWWHhaUlZfS00xSUg1eUtzYUNZSDRvU0xHSjltdUZYWTJpMXFvMlNOZkxTdkNEVGpfUnB0REVvaWptbTdpXy00cA?oc=5) · legacy.com
- 2024-07-05 [Jacob R Pullen - hamiltonsfuneralhome.com](https://news.google.com/rss/articles/CBMiYkFVX3lxTFB6aTNTWHJ0STd4YjFGWFVxNlhleGhmaTR4bVN3WkowUm83bDBSOXBmMlBaTWdsZlNHQmVXX3RxaHhtSUJyUkxkblBmUHV2R096czVKWHdNVGF3cjY1NF9DcTRR?oc=5) · hamiltonsfuneralhome.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15414 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/54.json (key "15414", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide