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Q2 2026 · read from the 30 June 2026 Call Report · United States · South Central · Tennessee, the state note

Legends Bank

Clarksville, Tennessee · $928M in assets · beside the 11 other Tennessee banks between $300M and $1B

The filing

0.00%
NPA / loans
1st of 12
+6.5%
Loans, year over year
11th of 12, largest first
1.02%
ROA
9th of 12

Legends Bank is the sixth largest of the 12 Tennessee banks nearest its size between $300M and $1B, with $928M in assets at 30 June 2026. Loans are 81.3% of deposits, 5th of 12 against a median of 86.3%, and equity is 9.6% of assets, 6th of 12. Loans grew +6.5% in the year, 11th of 12, and deposits grew 6.5%; the cohort's median loan growth is +9.4%.

Nothing on the book is noncurrent; 0.03% is 30 to 89 days past due, and the allowance is 1.1% of loans, 6th of 12. Commercial real estate is 41.8% of loans, 8th of 12 against a median of 37.3%, and 275% of capital, below the 300% screen, with construction at 104% against the 100% screen.

Return on assets is 1.02%, 9th of 12 against a median of 1.15%, on an efficiency ratio of 67.4%, 8th of 12. Five years ago it was 1.42%. The question is which of these lines moves first over the next four quarters, and against which peer.

Nonperforming loans, share of loansTN banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 0.15% LB Legends Bank 0.00% FF First Freedom Bank 0.01% FC First Century Bank 0.07% MB Macon Bank & Trust Co. 0.08% FC First Commerce Bank 0.08% TS Tennessee State Bank 0.11% PB Paragon Bank 0.18% FN First National Bank of Middle Tennessee 0.22% FB Farmers Bank 0.53% CB Citizens Bank 0.62% MB Millennium Bank 0.68% FC First Community Bank of Tennessee 0.75%
Loans, year over yearTN banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +9.4% MB Millennium Bank +47.9% MB Macon Bank & Trust Co. +16.9% FC First Community Bank of Tennessee +15.0% FF First Freedom Bank +11.5% FN First National Bank of Middle Tennessee +10.4% FC First Century Bank +9.8% PB Paragon Bank +9.0% FC First Commerce Bank +8.7% TS Tennessee State Bank +8.0% CB Citizens Bank +6.7% LB Legends Bank +6.5% FB Farmers Bank +5.3%

SBA 7(a), FY2008 to FY2026

Legends Bank is the 46th largest 7(a) lender into Tennessee of 374, with $24M across 62 loans, 0.4% of everything approved in the state (Pinnacle Bank leads with $494M). 12 of its 12 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Tennessee, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Montgomery, TN$11M3rd of 658.0%quiet FY2018
Williamson, TN$10M13th of 1122.0%quiet FY2021
Davidson, TN$2M83rd of 1640.2%quiet FY2017
Christian, KY$2M9th of 197.1%quiet FY2019
Cheatham, TN$790K8th of 224.0%quiet FY2012
Stewart, TN$445K3rd of 614.1%quiet FY2012
Shelby, TN$302K126th of 1390.0%quiet FY2015
Sumner, TN$200K58th of 660.1%quiet FY2015
Rutherford, TN$125K79th of 860.0%quiet FY2015
Houston, TN$60K7th of 80.8%quiet FY2010
Muhlenberg, KY$50K10th of 110.3%quiet FY2017
Robertson, TN$40K35th of 360.1%quiet FY2018
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Health care & social assistance17$7M27.8%0.02%457th of 2,172
Accommodation & food services7$3M13.4%0.00%987th of 2,596
Arts, entertainment & recreation5$3M12.2%0.02%460th of 1,656
Manufacturing4$3M11.1%0.01%926th of 2,246
Information1$3M10.1%0.06%243rd of 958
7(a) lenders into Tennessee, share of approvals since FY2008374 lenders on record; the ten largest and Legends Bank
PB Pinnacle Bank 8.8% $494M · 516 loans LO Live Oak Banking Company 8.4% $469M · 352 loans UB U.S. Bank, National Association 4.6% $260M · 1,383 loans TH The Huntington National Bank 3.9% $220M · 528 loans RB Regions Bank 3.0% $167M · 232 loans UC United Community Bank 3.0% $166M · 224 loans TB Truist Bank 2.9% $165M · 383 loans SB Simmons Bank 2.2% $126M · 257 loans FH First Horizon Bank 2.1% $116M · 106 loans CB Celtic Bank Corporation 2.0% $109M · 243 loans LB Legends Bank 0.4% $24M · 62 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 5 CBLR filers; owner-occupied excluded; bold marks a screen met
Legends BankRankCohort median
Total CRE against capital, the 300% screen275%8th of 12261%
Construction against capital, the 100% screen104%6th of 12105%
Construction and land development, share of loans15.8%8th of 1215.1%
Non-owner-occupied nonfarm nonresidential, share of loans21.1%8th of 1215.6%
Total CRE, the guidance definition, share of loans41.8%8th of 1237.3%
CRE growth over 36 months, the third prong+13.1%4th of 12+32.8%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Tennessee State Bank$991M1.2%70.1%0.11%0.04%1.1%81.1%8.6%
First National Bank of Middle Tennessee$952M1.0%66.1%0.22%0.24%1.0%95.6%9.8%
First Community Bank of Tennessee$944M0.7%92.1%0.75%0.20%0.5%100.8%9.4%
Farmers Bank$943M1.6%56.3%0.53%0.10%1.2%78.6%13.8%
First Commerce Bank$935M1.9%47.4%0.08%0.04%0.9%87.0%10.5%
Legends Bank$928M1.0%67.4%0.00%0.00%1.1%81.3%9.6%
Paragon Bank$908M0.9%71.6%0.18%0.18%0.9%107.1%8.5%
Citizens Bank$832M2.0%28.3%0.62%0.01%1.2%65.2%13.4%
Macon Bank & Trust Co.$821M1.1%56.5%0.08%0.02%0.9%68.4%7.5%
First Freedom Bank$818M2.0%42.6%0.01%0.13%1.1%96.9%12.2%
First Century Bank$810M1.7%47.7%0.07%0.01%1.1%97.9%9.2%
Millennium Bank$781M-0.6%81.4%0.68%1.86%1.2%85.7%8.6%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Legends BankCohort median
20212026Change20212026Change
Loans$446M$670M+50%$414M$698M+68%
Deposits$590M$824M+40%$503M$758M+51%
NPA / loans0.23%0.00%-0.23 pts0.32%0.15%-0.17 pts
Efficiency60.3%67.4%+7.0 pts63.2%61.3%-1.9 pts
ROA1.42%1.02%-0.39 pts1.37%1.15%-0.22 pts

This read was prepared for Legends Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Legends Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort TN banks $300M to $1B
Institution www.legendsbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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