Legends Bank: how it compares with its peers
Against 41 TN banks with half to twice its assets, Legends Bank's strongest measure in Q2 2026 is net interest margin (3.95% vs. a 3.89% peer median). Its weakest relative measure is efficiency ratio (67.35% vs. 58.73%).
| Measure | Legends Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.04% | 1.26% | Middle third Ahead of 37% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.95% | 3.89% | Middle third Ahead of 51% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 67.35% | 58.73% | Bottom third Ahead of 32% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.0M | $6.9M | Middle third Ahead of 51% of peers |
| Loans to deposits Net loans and leases over total deposits. | 80.38% | 82.16% | Context |
What it means for lending operations
Its efficiency ratio of 67.35% is above the 58.73% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- First Commerce Bank Lewisburg, TN · $935M
- The Farmers Bank Portland, TN · $943M
- First Community Bank of Tennessee Shelbyville, TN · $944M
- Paragon Bank Memphis, TN · $908M
- The First National Bank of Middle Tennessee Mcminnville, TN · $952M
- Tennessee State Bank Pigeon Forge, TN · $991M
Questions about Legends Bank
How big is Legends Bank?
Legends Bank, established in 1998, is headquartered in Clarksville, TN. It reported $928M in total assets in its Q2 2026 FDIC call report and operates 10 offices.
What is Legends Bank's return on assets?
1.04% annualized in Q2 2026, against a 1.26% median for 41 TN banks with half to twice its assets, ahead of 37% of them.
What is Legends Bank's efficiency ratio?
67.35% in Q2 2026: it spent about 67 cents in noninterest expense for each dollar of revenue. The peer median is 58.73%, and lower is better.
Is Legends Bank growing its loans?
Net loans grew 6.3% over the year to Q2 2026, while deposits grew 6.5%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are TN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Tennessee bank ranked.