Magnolia Bank


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

Magnolia Bank is headquartered in Magnolia and is the 40th largest bank in the state of Kentucky. It is also the 2,033rd largest bank in the nation. It was established in 1919 and as of June of 2020, it had grown to 356 employees at 6 locations. Magnolia Bank's money market rates are 70% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #8120
Year Established1919
Employees356
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD11.71%
Return on Equity - YTD116.15%
Annual Interest Income$6.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$367.4MM$279.7MM
LoansQ2 2020vs Q2 2019$289.2MM$219.1MM
DepositsQ2 2020vs Q2 2019$300.7MM$237.5MM
Equity CapitalQ2 2020vs Q2 2019$43.8MM$27.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.3MM$1.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$384.00K$397.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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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

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 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 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 CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$100-1 Year Student Saver CD
0.85%$500-6 Month CD
0.70%$500-12 Month CD
0.70%$500-18 Month CD
0.70%$500-24 Month CD
0.70%$500-36 Month CD
0.70%$500-48 Month CD
0.70%$500-60 Month CD

Magnolia Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$500-6 Month IRA
0.70%$100-12 Month IRA
0.70%$100-18 Month IRA
0.70%$100-24 Month IRA
0.70%$100-36 Month IRA
0.70%$100-48 Month IRA
0.70%$100-60 Month IRA
Locations


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

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