# LEGACY BANK
MURRIETA, CA · FDIC certificate 59204 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $112.8M | |
| Deposits | $101.6M | |
| Loans and leases | $77.0M | |
| Total equity | $9.8M | |
| Loans / deposits | 74.74% (p52 of band) | 73.59% |
| Liquid assets / assets | 30.12% (p44 of band) | |
| Uninsured deposits / deposits | 39.41% (p92 of band) | 19.81% |
| Brokered deposits | 32.71% | |
| Wholesale funding | 32.71% (p99 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.29% (p4 of band) | 11.76% |
| Unrealized securities loss / equity | 0.00% (p95 of band) | -6.57% |
| AOCI / equity | 0.00% (p78 of band) | |
| ROA (annualized) | -2.01% (p2 of band) | 1.17% |
| Net interest margin | 4.16% (p62 of band) | 3.93% |
| Efficiency ratio | 142.44% (p98 of band) | |
| Noncurrent loans | 1.61% (p80 of band) | 0.36% |
| Net charge-offs (annualized) | 0.10% (p86 of band) | |
| Reserve coverage of noncurrent | 85.51% | |
| Real estate % of loans | 65% | |
| Construction % of loans | 14.63% (p46 of band) | |
| Auto loans | $106,000 (0.14% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 39.7% | |
| Employees | 23 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2022-06 | 3 | losing money, expense ratio p90, NIM <2.5% |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 5 | loans exceed deposits, capital falling |  |
| 2023-03 | 4 | uninsured deposits >50% | NIM <2.5%, loans exceed deposits |
| 2023-06 | 3 |  | uninsured deposits >50% |
| 2023-09 | 4 | brokered >10% |  |
| 2023-12 | 5 | wholesale funding >15% |  |
| 2024-03 | 5 |  |  |
| 2024-06 | 5 |  |  |
| 2024-09 | 4 | reserve under noncurrent | brokered >10%, wholesale funding >15% |
| 2024-12 | 4 | loans exceed deposits | reserve under noncurrent |
| 2025-03 | 7 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2025-06 | 5 | charge-offs p90 | capital falling, loans exceed deposits, reserve under noncurrent |
| 2025-09 | 4 |  | charge-offs p90 |
| 2025-12 | 5 | capital falling |  |
| 2026-03 | 6 | reserve under noncurrent |  |
| 2026-06 | 6 |  |  |

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

- 2026-04-21 [Another legacy bank cuts 777 jobs after major deal - Yahoo Finance](https://news.google.com/rss/articles/CBMimAFBVV95cUxNQWZEcFVPczlsQ0JZRU5Oa0x1b0wtdVRnRGtnTHVBdV9VcFZieW1MQlJ5bXNFM2l1YjU4VTBFQU5CLTFmbjJuczRfRDVOS0U5TktZN2xVeUowTXhiWlBndzdpNzJSZk5RNUlqN19sVDRmWnZEWHlKQ3RwS3lXUG5fRkl4dlVyTXliLU9Kbjl5WGN4bjlxSUthVQ?oc=5) · Yahoo Finance
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-09-19 [Legacy Bank welcomes new CEO Bill Nethercott - myvalleynews.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxPRlJJTzNITC1LZUZTbG9JaVJyU0YzNldUN0prZWF1MzZJOWpRNlNtMGphU1ZxM3g2aEZ0aFVvdE0xMXZuYTdpTl9fRG1oa2xMUlMzVmdtaXU4NkFXWUR6RzY5LUV5amQxa0R3Uk4yVWJ4WHhDVVd0d1pkSGRBcFlWcjd3UzNtM2hTckZla2R6cw?oc=5) · myvalleynews.com
- 2026-05-15 [Why OSFI’s new bank licence pilot project should only be the beginning - Financial Post](https://news.google.com/rss/articles/CBMilwFBVV95cUxPRlNQRGF4Zi1KbkdhRkdTWlloeFlLVnIwLU9TNl90UDB2WTVPQWl3QVhfNU9IcHFyYWFOY2w5d3I3TnVyTjRlanM2NmJvaHBCcnFvN19IalA3X3B0UGIzaC1jdUtCbkFobkFfQjBKSDM2RENMRVJNTTc2MFlLVFVnRnNqbWh2M2c4eGQ5bTZpZjc0aVJiWFdZ?oc=5) · Financial Post
- 2023-07-31 [River City Bank Celebrating 50 Years - Comstock's magazine](https://news.google.com/rss/articles/CBMif0FVX3lxTE85WGw2Y3I3eXI5Z2dXZndYM3doZ21pc0p2Ykd3WEpHSWEwaWRubEdBN0VyYUVNRTVSeElXWTlELWwwOWVXdU5DVmJ4aVYyTFlRMHpselVrbGdNRFBmVnozUEpORHRlR0lTUFEyU2pQa29YaWpLc3lLX1NmUldicU0?oc=5) · Comstock's magazine
- 2025-05-12 [AHF Top 25 Lenders: Uncertain for Longer - Affordable Housing Finance](https://news.google.com/rss/articles/CBMihwFBVV95cUxQZjUwZkJFWEhDRC1ubjNqQW1VT1lpR3hpaTdfQUJYOFh4a0JFVWJhb2VCWE96Zm5VSzFkZURoNmZjZDY0aFFqUW9jUkdEYlBTYm5KUjlmVUQxTkg1OWJraDYxWTQ1R1FlUGJFR003cUVjZ2xmWk1INGpqdnJPM2l6UGI5c3dQeFE?oc=5) · Affordable Housing Finance
- 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
- 2021-12-02 [A larger, lasting Legacy: Legacy Bank to merge with InBank - Pueblo Chieftain](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPbU9xQ3V1OFItdHlKTEFLLW9RLTFOMXRsUzRndGdQZ2tpNkcxSzhKcEJDNFVGeC1Nd252Nlg5TDRBcGtNSHJXSnNIcGkxN05JTm1HVjBtdXk1UzE0Y25wRGhLeXQyY2ZwMmh1d2FFWmpJcmQ2THNZaGw1Y0h4Wm9URFVNUm1BbzdqQ2dYUXM2ZmhoQlphQlB1ZWI4MGxWV1V0b2hkaW9aRlhOY0luTkxoajRWWE5iZG5KQmUtWk56Z3otZw?oc=5) · Pueblo Chieftain

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59204 (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/4.json (key "59204", 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