Magnolia Bank

Overview / Commentary

www.magnoliabank.com

270-324-3226

4910 L&N Turnpike
Magnolia, KY 42757

Magnolia Bank is headquartered in MAGNOLIA and is the 38^th largest bank in the state of Kentucky. It is also the 1,953^rd largest bank in the nation. It was established in 1919 and as of June of 2023, it had grown to 251 employees at 17 locations. Magnolia Bank's money market rates are 5X the national average, and it has an A health rating.

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2017

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

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Health

Data as of Q2 2023

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Magnolia Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	8120
Year Established	1919
Employees	251
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-0.99%
Return on Equity - YTD	-10.77%
Annual Interest Income	$8.9MM

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$427.9MM$452.5MM
Loans	Q2 2023vs Q2 2022	$228.6MM$197.4MM
Deposits	Q2 2023vs Q2 2022	$383.4MM$376.5MM
Equity Capital	Q2 2023vs Q2 2022	$38.2MM$49.2MM
Loan Loss Allowance	Q2 2023vs Q2 2022	$4.0MM$3.2MM
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$270.00K$196.00K
Real Estate Owned	Q2 2023vs Q2 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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

Magnolia Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
5.25%	$500	-	9 Month CD
5.11%	$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

APY	MIN	MAX	ACCOUNT NAME
5.25%	$500	-	9 Month IRA
5.11%	$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

Locations

Magnolia Bank Locations
Parkway Plaza Branch	106 Lincoln Drive	Hodgenville, KY 42748
Magnolia Bank, Incorporated	4910 South L And N Turnpike	Magnolia, KY 42757
Elizabethtown Branch	651 West Dixie Avenue	Elizabethtown, KY 42701
Hodgenville Branch	794 Old Elizabethtown Road	Hodgenville, KY 42748

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