Magnolia Bank is headquartered in Magnolia and is the 33rd largest bank in the state of Kentucky. It is also the 1,594th largest bank in the nation. It was established in 1919 and as of December of 2020, it had grown to 368 employees at 6 locations. Magnolia Bank's money market rates are 36% higher than the national average, and it boasts an A+ health rating.
Overall | |
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FDIC Certificate # | 8120 |
Year Established | 1919 |
Employees | 368 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 11.98% |
Return on Equity - YTD | 110.16% |
Annual Interest Income | $12.5MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $519.8MM$313.3MM |
Loans | Q4 2020vs Q4 2019 | $346.7MM$241.9MM |
Deposits | Q4 2020vs Q4 2019 | $431.2MM$238.1MM |
Equity Capital | Q4 2020vs Q4 2019 | $56.1MM$29.0MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.7MM$1.7MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $233.00K$289.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50% | - | - | Young Savings Account | ||
0.20%* | $50k* | - | Statement Savings Account | ||
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $50k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.20% | $10k | - | Business Sweep Checking | |
0.10% | - | - | Interest Checking | |
0.10% | $10k | - | Business Pro Checking | |
0.05% | $10k | - | Business Plus Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.60% | $500 | - | 6 Month IRA | |
0.50% | $100 | - | 12 Month IRA | |
0.50% | $100 | - | 18 Month IRA | |
0.50% | $100 | - | 24 Month IRA | |
0.50% | $100 | - | 36 Month IRA | |
0.50% | $100 | - | 48 Month IRA | |
0.50% | $100 | - | 60 Month IRA |
Magnolia Bank Locations | ||
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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 |