Magnolia Bank

Overview / Commentary
4910 L&N Turnpike
Magnolia, KY 42757

Magnolia Bank is headquartered in ELIZABETHTOWN and is the 35th largest bank in the state of Kentucky. It is also the 1,836th largest bank in the nation. It was established in 1919 and as of December of 2023, it had grown to 261 employees at 17 locations. Magnolia Bank's money market rates are 5X the national average, and it has an A health rating.


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

FDIC Certificate #8120
Year Established1919
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.14%
Return on Equity - YTD-1.63%
Annual Interest Income$19.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$478.2MM$450.9MM
LoansQ4 2023vs Q4 2022$297.9MM$236.7MM
DepositsQ4 2023vs Q4 2022$398.3MM$372.9MM
Equity CapitalQ4 2023vs Q4 2022$42MM$40.9MM
Loan Loss AllowanceQ4 2023vs Q4 2022$4.2MM$3.2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$55K$288K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Magnolia Bank; 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 Savings Account Rates

0.20%--Young Savings Account
0.15%*$50k*-Statement Savings Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k

Magnolia Bank Money Market Rates

2.25%*$1.3m*-Magnolia Money Market Account
OTHER TIERS: 0.15% $2.5k - $50k | 0.25% $50k - $100k | 0.35% $100k - $250k | 1.00% $250k - $750k | 1.25% $750k - $1m | 1.90% $1m - $1.3m
2.25%*$1.3m*-Business Money Market Account
OTHER TIERS: 0.15% $2.5k - $50k | 0.25% $50k - $100k | 0.35% $100k - $250k | 1.00% $250k - $750k | 1.25% $750k - $1m | 1.90% $1m - $1.3m

Magnolia Bank Checking Account Rates

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

Magnolia Bank CD Rates

5.05%$500-9 Month CD
4.50%$500-6 Month CD
0.60%$500-12 Month CD
0.60%$100-1 Year Student Saver CD
0.60%$500-18 Month CD
0.60%$500-24 Month CD
0.60%$500-36 Month CD
0.60%$500-48 Month CD
0.60%$500-60 Month CD

Magnolia Bank IRA Rates

5.05%$500-9 Month IRA
4.50%$500-6 Month IRA
0.60%$500-12 Month IRA
0.60%$500-18 Month IRA
0.60%$500-24 Month IRA
0.60%$500-36 Month IRA
0.60%$500-48 Month IRA
0.60%$500-60 Month IRA

Magnolia Bank 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.