# LEGACY BANK OF FLORIDA
BOCA RATON, FL · FDIC certificate 58247 · asset band $300M-1B · latest filing 2021-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (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 | $582.0M | |
| Deposits | $485.6M | |
| Loans and leases | $478.3M | |
| Total equity | $60.9M | |
| Loans / deposits | 97.78% (p93 of band) | 72.09% |
| Liquid assets / assets | 15.82% (p8 of band) | |
| Uninsured deposits / deposits | 29.81% (p66 of band) | 25.33% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.67% (p70 of band) | |
| FHLB advances / assets | 5.67% | |
| Tier 1 leverage | 10.31% (p63 of band) | 9.70% |
| Unrealized securities loss / equity | -0.92% (p9 of band) | 1.16% |
| AOCI / equity | -0.88% (p51 of band) | |
| ROA (annualized) | 1.53% (p73 of band) | 1.18% |
| Net interest margin | 3.86% (p80 of band) | 3.34% |
| Efficiency ratio | 46.69% (p10 of band) | |
| Noncurrent loans | 0.35% (p46 of band) | 0.40% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | 207.71% | |
| Real estate % of loans | 78% | |
| Construction % of loans | 56.56% (p70 of band) | |
| Auto loans | $22,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $9.1M (15% of equity) (p98 of band) | |
| Deposits YoY | 19.0% | |
| Employees | 50 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 8 | leverage <7%, leverage <5%, losing money, expense ratio p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 | noncurrent p90 |  |
| 2011-09 | 6 |  | leverage <5%, expense ratio p90 |
| 2011-12 | 6 |  |  |
| 2012-03 | 7 | deposits shrinking, assets shrinking | losing money |
| 2012-06 | 9 | leverage <5%, losing money | construction >100% equity |
| 2012-09 | 11 | capital falling, construction >100% equity |  |
| 2012-12 | 12 | expense ratio p90 |  |
| 2013-03 | 10 |  | losing money, capital falling |
| 2013-06 | 5 |  | noncurrent p90, leverage <5%, construction >100% equity, expense ratio p90 |
| 2013-09 | 3 |  | reserve under noncurrent, deposits shrinking |
| 2013-12 | 1 |  | leverage <7%, assets shrinking |
| 2014-03 | 0 |  | charge-offs p90 |
| 2014-06 | 1 | charge-offs p90 |  |
| 2014-09 | 0 |  | charge-offs p90 |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | capital falling |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | loans exceed deposits |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 3 | wholesale funding >15% |  |
| 2017-12 | 3 | charge-offs p90 | capital falling |
| 2018-03 | 2 |  | charge-offs p90 |
| 2018-06 | 1 |  | wholesale funding >15% |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | wholesale funding >15% |  |
| 2019-03 | 2 | capital falling | wholesale funding >15% |
| 2019-06 | 2 | liquid assets <10% | capital falling |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 3 | capital falling |  |
| 2020-12 | 2 |  | capital falling |
| 2021-03 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2021-06 | 1 | capital falling |  |

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

- 2022-03-30 [Seacoast to acquire Miami's Apollo Bank in deal set to close in Q4 - The Business Journals](https://news.google.com/rss/articles/CBMimAFBVV95cUxNSWo2VnI3SXc3ajhxQUlyN3pFdG1JUThzZmk3SkZPVHgtblZiblNReTJvc0RrVUJzSUJ5eXVnLURVdHQyRzE5V3pRalF0anNiUTNBMUtEc1o0Vi1QblFsa1Jnc0NNMW8wWFE3TGZuZmtuamVKaHR1WkpJYzhuN1Vnb1MzQUxFQzlOZjdnTnZHR1M5SmFjc2JBYQ?oc=5) · The Business Journals
- 2024-04-06 [Seacoast Bank to build new office at existing headquarters on Colorado Avenue in Stuart - Treasure Coast News](https://news.google.com/rss/articles/CBMihgJBVV95cUxOaU9LcjkyQWQzVmRNR29VczRSTXlXN3hpWm4tOWlDMFAyYTRaakF0LWtGVk9EUUZXVUI5SFB1YnEtb2ZMSmVrNkFRYy1DNWlCMkxhakVCLWhuSUhaWHN5cXhEaXk4YVBPaFlXSFp0WXliVUMwWU9pbUFvTUJESDJCWG9vVDI0bGZtN2xIUl92OGpHckJkcDhPR1RZWVR1cmlRcGxHU2dsMUFTUGFZWk9wUk5CZXpmUm5SWVI0RkJTTl8xMjRrcGptVXEwSUZOMEhiV0c2Um5DbHBDTXBad3ZGMGUyckdPbzFZREM1WklsOThVQmZwOTVmT1lFSWRJb2FXcjVNamNn?oc=5) · Treasure Coast News
- 2024-12-03 [Jeffrey S. Wolfe Recognized for Excellence in the Field of Finance - 24-7 Press Release Newswire](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNVWcxcTlQOWJTX1NsT0NmenY4WUVoRFFId1M4ZExqenQtR1JSeHY0OGNic1lBNnVCVk5CRlBCajlZWnBXbXcwaHZOYzdJTEstdXo2aHgyQjFOeDVGUTYyWjlzNGRJNkFLMGxWeFl1NVpzX3Mwd0V2MFdyeTlub1UxODFkSG9hQ29JTFVtLTU3cUd3SnMyZmFONUFVSWpwZDZvQUpBM3JhZm1SNkdUVTdOb0VObFpWNDIzQkRz?oc=5) · 24-7 Press Release Newswire
- 2015-01-02 [Legacy Bank CEO sells house for $4.3 M - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxQUnVzYzR5ZWloZXZNbDhwX29ZV0lsdTctVnJXZThoc2Q1UVd6c2taWXNBT1JaUWgzcUlKdkV2dHBaLUpHQW5ldWVxbXhlTXZhbFBtekpwR2JDU1ZQbVo3TEtoOVVGb1o1YUlQNzVHZ1c0eWNFcFlfN3ZBcmdEZXlsazYyMEcydjRMUVBrMkpESFQxQ1hwcHZKX1RaeENndWc?oc=5) · The Business Journals
- 2019-09-29 [South Palm Beach County Society Scene - The Boca Raton Tribune](https://news.google.com/rss/articles/CBMimwFBVV95cUxOTUZZZ0dJejh1OFc4NThnSDVVNEFHZHVONjRjRXVmLTVwajVKZzVWVHlJNjFwTlM1M2t4aF9zTVp4ZkF4bkk2OFVfeERkY3FaSlVQN000WmU4WVhnWkVuZVd5UmhpbngxSXFVMXlBTW1pV1pHMnpQVkM4ekdBTmlDcjRQN1hhMjl0MTVXUmxNU0t4em81NXJYblFJSQ?oc=5) · The Boca Raton Tribune
- 2020-05-22 [Meet the 2020 Power Leaders in Banking - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxOM0FjblNScm12QWFET3NWYzhqY056NUZUMDNiNVdKcERlYzJvMzlZR0xMRElxVkJaRS15amN6cTZZMXU4T25pT0F6REpxVzJoTXhCZkJXRlZKWVNwVmVJMVVPeU5xNENaRUJ6eDc4UUxuQmNSVkNTeHVKY0M0ZjMtVnFnS0RpTGhtQzFvbTZxa0xYS3FiMkE?oc=5) · The Business Journals
- 2024-10-28 [Broward condo complex could be seized in foreclosure - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNTGVRcXVKaC1uNDUyZHBUQldmSUFyS3pISTJad3M3cjZ6TElXdDBzMVFJSjhoWXhTckNBMGIxcURtRXA3Si11S3JVSzFsVW9UbG5tb29rTU03NHAycVFyZFpiU2ZhVkgwUFI4QzkzT3BpcHBZTnVfZm1ubThJUi1Ua3hxQ3U0TTRiZmlWUkhUZ3luVnc4aU93N0pPdTJ6aHdWUHpIRUg3SUI?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58247 (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/7.json (key "58247", 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