# LEGACY BANK
GRUNDY, VA · FDIC certificate 19011 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $360.2M | |
| Deposits | $279.7M | |
| Loans and leases | $234.4M | |
| Total equity | $65.1M | |
| Loans / deposits | 82.86% (p53 of band) | 82.04% |
| Liquid assets / assets | 28.18% (p59 of band) | |
| Uninsured deposits / deposits | 32.44% (p73 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.05% (p53 of band) | |
| FHLB advances / assets | 1.94% | |
| Tier 1 leverage | 20.64% (p97 of band) | 10.81% |
| Unrealized securities loss / equity | -17.16% (p27 of band) | -8.10% |
| AOCI / equity | 1.40% (p96 of band) | |
| ROA (annualized) | 0.85% (p24 of band) | 1.28% |
| Net interest margin | 3.13% (p13 of band) | 3.91% |
| Efficiency ratio | 66.56% (p66 of band) | |
| Noncurrent loans | 1.78% (p87 of band) | 0.43% |
| Net charge-offs (annualized) | 0.11% (p85 of band) | |
| Reserve coverage of noncurrent | 62.30% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 31.51% (p39 of band) | |
| Auto loans | $9.5M (4.05% of loans; DQ 7.93%, NCO 0.09%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -5.5% | |
| Employees | 49 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | uninsured deposits leaving |  |
| 2012-06 | 0 |  | uninsured deposits leaving |
| 2012-09 | 1 | reserve under noncurrent |  |
| 2012-12 | 0 |  | reserve under noncurrent |
| 2013-03 | 1 | deposits shrinking |  |
| 2013-06 | 0 |  | deposits shrinking |
| 2013-09 | 2 | reserve under noncurrent, assets shrinking |  |
| 2013-12 | 3 | deposits shrinking |  |
| 2014-03 | 2 | noncurrent p90 | assets shrinking, deposits shrinking |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-06 | 5 |  |  |
| 2015-09 | 2 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2015-12 | 2 |  |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 4 | losing money, charge-offs p90 |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 3 | capital falling | losing money, charge-offs p90 |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 | expense ratio p90 | capital falling |
| 2017-12 | 3 |  |  |
| 2018-03 | 6 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2018-06 | 7 | charge-offs p90 |  |
| 2018-09 | 6 |  | charge-offs p90 |
| 2018-12 | 4 |  | assets shrinking, uninsured deposits leaving |
| 2019-03 | 3 | charge-offs p90 | expense ratio p90, deposits shrinking |
| 2019-06 | 4 | expense ratio p90 |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 2 |  | charge-offs p90, expense ratio p90 |
| 2020-03 | 2 |  |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 0 |  | reserve under noncurrent, noncurrent p90 |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 | noncurrent p90 | capital falling |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 2 |  | noncurrent p90 |
| 2022-12 | 3 | noncurrent p90 |  |
| 2023-03 | 2 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  | noncurrent p90 |
| 2023-09 | 1 |  |  |
| 2023-12 | 0 |  | securities losses >30% of equity |
| 2024-03 | 1 | capital falling |  |
| 2024-06 | 1 | securities losses >30% of equity | capital falling |
| 2024-09 | 0 |  | securities losses >30% of equity |
| 2024-12 | 1 | capital falling |  |
| 2025-03 | 0 |  | capital falling |
| 2025-06 | 0 |  |  |
| 2025-09 | 2 | capital falling, reserve under noncurrent |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 1 |  | capital falling |
| 2026-06 | 2 | deposits shrinking |  |

## 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
- 2026-02-09 [Southern Bancorp Buys Land for New Little Rock Branch - Arkansas Business](https://news.google.com/rss/articles/CBMiowFBVV95cUxOLUU0LVZ3SHYxX0FySjZpZVhGUjJleGctZElvMktmV0xkTWh3OEp1U2dUeXdlN0dzM3VsY0pqRklyeEtMTDMzNWM5VFRad2lWM2RabG82UnlCVHloWm5ZVzMxcGF3MjhBMjFuclp4UTZOQ3R1T3pWUnVSYTc5UFF0RWllQkVYQUE5dEJCbE82OEJhczdkLVBpNkVOaHBMUWJCVmsw?oc=5) · Arkansas Business
- 2026-04-15 [Nu Holdings: Not Waiting On The U.S. Market (NYSE:NU) - Seeking Alpha](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNbGNUNmx0bHI3dGd5S0ZCQ2txajRiTndfTW51QnI3MnlMZU1kZk5vYmxHems5M095dy1XSldBa1dlS09Jc0h4ajFoLUxGU1JpbWJPMWpjQ3pMeDVYcGlVZHViMFpSekFiSWd5M2pIZmFSM0ZBWHQ5OFU2bUt4eVJCZHQwRmJSSU5X?oc=5) · Seeking Alpha
- 2023-01-17 [Legacy Bank and Trust Acquires Crain Mortgage Group - National Mortgage Professional](https://news.google.com/rss/articles/CBMingFBVV95cUxPYVBYRHgtWUVWcms4dUQwbTA2OTFvWG51cTN4bFItNmxiNndyaWpjQ0NHMGdCMUlzRnMtd0s4VUJkckg2dlR4UXFTMEVSUXdwdDlkcFJsSE9tTHJCaE5IS0w3c1RjQnV6YVNaaXJYODFXSjd0YzdRekR2akFSNmUwMUpSbFlKbVpkTHV3bVVJbWE5cXVmRnVyelZ0Rjkxdw?oc=5) · National Mortgage Professional
- 2024-06-25 [Legacy Bank and Trust offers financial services in Plano - Community Impact](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOVW5FYTlNcmhQdnJyUXBURjktamJLSktSNmNaZGxFOEFoRl9HOTdoVjJsWGVQQndsYW9fVU1SMW1PSVNaN1pnZnoyZDJDTXQ2VUpkd0huX3dxSE1VSi1qZk5aa2VRVC1Dd3M4S3MtR2xNRGc0eVFNNjIwNlkwSjdHN1l0aVB3WGFYZ0wwNFh6SmFvNkFyRGdjSkJZU042Z0lWbnVlc3lmZjFGdw?oc=5) · Community Impact
- 2026-01-15 [Gay Lena Bostic Obituary | Singleton Funeral and Cremation Service | Cedar Bluff, VA - Tribute Archive](https://news.google.com/rss/articles/CBMidEFVX3lxTFBhYXNQWHFqeTJaVUd1S3pCZTV2THZuamdMRTVtNEVDTHNUUXZYclZ2NTBOQjJGSEc4b082RlV2enUyc0s0UHY1ZG1GR3IxRTRkbXRZelVHZ1BScE9zMi1vRzUyY0xobXMtUmN5d3lDci1vcFFX?oc=5) · Tribute Archive
- 2023-04-17 [Fed’s Bowman urges more support of de novo banks - Banking Dive](https://news.google.com/rss/articles/CBMimwFBVV95cUxObjVoWUNVTENQd1JnTmlMdE9md19ydXRjVkwxX2Q4WmdjY1BsdkNUMEh4dnB5bnI5anZ6dVFUajVuUFRfXzBOOFhNUmVRT1IwZjR4bzRKWjhQLW1QdnlGSGdQaTVuZUQ4alp3NFZGUnhwbG1zZXZlTENKQzV0bFVsc2hvZHVoTUZNQkZxdGpBdmFhQlpTV3pRS280MA?oc=5) · Banking Dive
- 2023-04-21 [As Silicon Valley Bank imploded, congressman sold South Florida bank stock - Orlando Sentinel](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQbXZzVVpTZWpiUTFsUjZKZ0pZaXZPVC1rb21OUGFnN3Y4ZnVFNW13MTFNNTVKc1BWVU5IWTZQMkZPVS1lTm5SNmY5TFNtcC1lbHBoODZ2eVdSdWlQTXFpRDItVjVGczhnT25kMV9nYS1mZ2tyRXV0NFdLWHdLZ1BvX0l5aGF3cDJzall6c2JQVkI1X25wd044Ym9hWHVxbk16c1FVZjk4U1BHb3FRQWdSUkNQSWJSVTJH?oc=5) · Orlando Sentinel

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=19011 (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/3.json (key "19011", 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