Legends West Bank
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Data as of · sourced from FFIEC call reports. How we update
Legends West Bank is an FDIC-insured commercial bank headquartered in Lewellen, NE, established in 1905 (FDIC certificate 5425), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $157.8M, up 49.5% from Q2 2025, the 88th largest of 138 banks headquartered in Nebraska. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.47% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 5425
- Headquarters
- Lewellen, NE
- Established
- 1905
- Total assets, Q2 2026
- $157.8M
- Assets vs Q2 2025
- +49.5%
- Tier 1 leverage ratio, Q2 2026
- 11.47%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 104107786
- Holding company
- 1905 NEKOTA BANKCORP, INC.
- Asset rank in state
- 88th of 138 in Nebraska
Legends West Bank pays more for its money than most banks of its size. Based in Lewellen, Nebraska, it had $158 million in assets at June 30, 2026, up 49.5% from a year earlier. It pays an average of 3.53% on its deposits and borrowings, about double the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also grew its loan book 39.7% over the year, 7.3 times the median of 5.5% for banks its size.
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.35% of loans from 4.07%. Its $19 million commercial and industrial book is improving, with 3.65% past due or on nonaccrual, down from 11.20% a year earlier. Profitability lags: it returns 5.4% a year on shareholders' equity, about half the median of 12.5% for banks its size.
As of June 30, 2026, Legends West Bank reported a return on assets of 0.63%, a nonperforming-loan ratio of 0.35% and a Texas ratio of 7.73%. The figures come from its call report filed with the FFIEC.
Of the 138 banks headquartered in Nebraska, Legends West Bank is the 88th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.5% to $157.8M, loans rose 1.4% and deposits rose 1.0%. Construction and land development loans made up 29.8% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 15.3%. Its 2 offices in the FDIC Summary of Deposits are in Spearfish, SD and Lewellen, NE; its Spearfish office books 78% of its branch deposits. By the capital ratios in its Q2 2026 call report, Legends West Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 302 Main St, Lewellen, NE 69147
- County
- Garden
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 10, Kansas City
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- October 5, 1905
- Former names
- Bank of Lewellen (2008-2023)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $136.7M
- Allowance for credit losses
- $1.4M
- Net charge-offs (YTD)
- $934K
- Average total assets
- $155.0M
- Average total loans
- $128.7M
- Average interest-bearing deposits
- $124.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5425
- Fed RSSD
- 13457
- Website
- www.legendswest.bank →
- Parent Holding Company
- 1905 NEKOTA BANKCORP, INC. (RSSD 5841440)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Legends West Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Legends West Bank's total assets ranged from $32.8M (Q3 2023) to $157.8M (Q2 2026), and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$157.8M total assets against $105.6M; $139.6M total liabilities against $91.4M.
$127.8M net loans and leases against $91.0M; $136.7M total deposits against $90.9M.
$2.1M securities against $1.9M; $20.2M cash and balances due against $7.5M.
$2.6M total interest income against $1.8M; $1.2M total interest expense against $754K.
$1.4M net interest income against $1.0M.
$316K total noninterest income against $19K; $1.1M total noninterest expense against $648K.
$324K provision for credit losses against $375K.
$243K net income against $12K.
0.63% return on assets against 0.05%; 3.80% net interest margin against 4.41%.
11.47% tier 1 leverage ratio against 13.92%.
Inside the full Legends West Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Legends West Bank rankings
Its closest position to the top of a national ranking is 864 of 3,640, for Texas Ratio; its furthest is 3,112 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -1.67% (Q4 2024) to 1.02% (Q4 2025) and its net interest margin ran from 3.61% (Q1 2026) to 5.34% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.47% | 0.63% | 0.35% | 7.73% | 3.80% |
| Q1 2026 | 11.42% | 0.56% | 2.10% | 13.01% | 3.61% |
| Q4 2025 | 12.04% | 1.02% | 2.80% | 17.92% | 4.35% |
| Q3 2025 | 11.96% | 0.61% | 3.21% | 20.94% | 4.14% |
| Q2 2025 | 13.92% | 0.05% | 4.31% | 24.96% | 4.41% |
| Q1 2025 | 15.87% | -0.40% | 5.47% | 28.23% | 3.75% |
| Q4 2024 | 17.43% | -1.67% | 2.95% | 13.13% | 3.74% |
| Q3 2024 | 21.47% | 0.63% | 0.00% | 0.00% | 5.34% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Spearfish Branch | Spearfish , SD | 57783 | $107.1M |
| Legends West Bank (main office) | Lewellen , NE | 69147 | $29.6M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- October 24, 2007, OCC: Formal Agreement: First National Bank of Lewellen
- Period: Most recent institution action October 24, 2007. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in NE, rank 151 of 160 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $2.3M approved, $2.3M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Legends West Bank
What are Legends West Bank's total assets?
As of the Q2 2026 filing, Legends West Bank reported total assets of $157.8 million in its FFIEC call report.
Where is Legends West Bank headquartered?
It is headquartered in Lewellen, NE, United States.
When was Legends West Bank founded?
It was established in 1905, per the FDIC institution directory.
Is Legends West Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5425). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Legends West Bank?
Legends West Bank's primary federal regulator is the FDIC.
How many branches does Legends West Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Legends West Bank's Texas Ratio?
Its Texas Ratio is 7.73% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Legends West Bank previously called?
The charter now named Legends West Bank has also operated as Bank of Lewellen (2008-2023), per FDIC structure-change records.
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