Magnolia Bank, Incorporated


Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.35%2-year CD24 Month CD
2.55%18-month CD18 Month CD
2.55%18-month IRA18 Month IRA (Traditional, Roth, SEP)

Overview / Commentary
270-358-3111
794 Old Elizabethtown Rd.
Hodgenville, KY 42748

Magnolia Bank, Incorporated is headquartered in Magnolia and is the 62nd largest bank in the state of Kentucky. It is also the 2,573rd largest bank in the nation. It was established in 1919 and as of June of 2018, it had grown to 311 employees at 6 locations. Magnolia Bank, Incorporated's CD rates are 2X the national average, and it has an A health rating.

Related Posts

Magnolia Bank (KY) Boosts 18- And 24-Month CD Rates - 12/26/2017

Magnolia Bank (KY) has raised the rates on its 18-month CD (2.05% APY) and 24-month CD (2.30% APY). Minimum deposit is $500. Also available as IRAs.

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Health

Health Grade Components

Overall
FDIC Certificate #8120
Year Established1919
Employees311
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD12.14%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$240.5MM$211.3MM
LoansQ2 2018vs Q2 2017$186.2MM$162.0MM
DepositsQ2 2018vs Q2 2017$211.1MM$178.5MM
Equity CapitalQ2 2018vs Q2 2017$24.2MM$22.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.3MM$1.4MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$299.00K$272.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Magnolia Bank, Incorporated; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Magnolia Bank, Incorporated Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Young Savings Account
0.20%*$50k*-Statement Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $50k

Magnolia Bank, Incorporated Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$250k*-Magnolia Money Market Account
OTHER TIERS: 0.10% $2.5k - $50k | 0.15% $50k - $100k | 0.25% $100k - $250k
0.75%*$250k*-Business Money Market Account
OTHER TIERS: 0.10% $2.5k - $50k | 0.15% $50k - $100k | 0.25% $100k - $250k

Magnolia Bank, Incorporated Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$10k-Business Sweep Checking
0.10%--Interest Checking
0.10%$10k-Business Pro Checking
0.05%$10k-Business Plus Checking

Magnolia Bank, Incorporated CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.55%$500-18 Month CD
1.95%$500-12 Month CD
1.45%$500-36 Month CD
1.45%$500-48 Month CD
1.45%$500-60 Month CD
1.35%$500-24 Month CD
1.00%$100-1 Year Student Saver CD
0.50%$500-6 Month CD

Magnolia Bank, Incorporated IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.55%$100-18 Month IRA
1.95%$100-12 Month IRA
1.45%$100-36 Month IRA
1.45%$100-48 Month IRA
1.45%$100-60 Month IRA
1.35%$100-24 Month IRA
0.50%$500-6 Month IRA
Locations


Magnolia Bank, Incorporated Locations
Parkway Plaza Branch106 Lincoln DriveHodgenville, KY 42748
Magnolia Bank, Incorporated4910 South L And N TurnpikeMagnolia, KY 42757
Elizabethtown Branch651 West Dixie AvenueElizabethtown, KY 42701
Hodgenville Branch794 Old Elizabethtown RoadHodgenville, KY 42748

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