Magnolia Bank

Overview / Commentary
794 Old Elizabethtown Rd.
Hodgenville, KY 42748

Magnolia Bank is headquartered in Magnolia and is the 38th largest bank in the state of Kentucky. It is also the 1,922nd largest bank in the nation. It was established in 1919 and as of September of 2020, it had grown to 366 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 Grade Components

FDIC Certificate #8120
Year Established1919
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD14.15%
Return on Equity - YTD129.73%
Annual Interest Income$9.2MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$400.5MM$321.0MM
LoansQ3 2020vs Q3 2019$306.5MM$253.2MM
DepositsQ3 2020vs Q3 2019$314.1MM$267.0MM
Equity CapitalQ3 2020vs Q3 2019$52.1MM$31.9MM
Loan Loss AllowanceQ3 2020vs Q3 2019$2.3MM$1.6MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$441.00K$266.00K
Real Estate OwnedQ3 2020vs Q3 2019$0$0
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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

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

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

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

1.00%$100-1 Year Student Saver CD
0.75%$500-6 Month CD
0.60%$500-12 Month 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

0.75%$500-6 Month IRA
0.60%$100-12 Month IRA
0.60%$100-18 Month IRA
0.60%$100-24 Month IRA
0.60%$100-36 Month IRA
0.60%$100-48 Month IRA
0.60%$100-60 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

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