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 34^th largest bank in the state of Kentucky. It is also the 1,872^nd largest bank in the nation. It was established in 1919 and as of June of 2022, it had grown to 309 employees at 18 locations. Magnolia Bank has an A+ health rating.

View all posts from:

2017

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

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Health

A+

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #	8120
Year Established	1919
Employees	309
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.3%
Return on Equity - YTD	2.54%
Annual Interest Income	$5.4MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$452.5MM$474.1MM
Loans	Q2 2022vs Q2 2021	$197.4MM$239.2MM
Deposits	Q2 2022vs Q2 2021	$376.5MM$388.7MM
Equity Capital	Q2 2022vs Q2 2021	$49.2MM$56.5MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$3.2MM$3.2MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$196.00K$222.00K
Real Estate Owned	Q2 2022vs Q2 2021	$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
0.45%^*	$250k^*	-	Magnolia Money Market Account
OTHER TIERS: 0.15% → $2.5k - $50k \| 0.25% → $50k - $100k \| 0.35% → $100k - $250k
0.45%^*	$250k^*	-	Business Money Market Account
OTHER TIERS: 0.15% → $2.5k - $50k \| 0.25% → $50k - $100k \| 0.35% → $100k - $250k

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
2.10%	$500	-	9 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
0.40%	$500	-	6 Month CD

Magnolia Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.10%	$500	-	9 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
0.40%	$500	-	6 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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