Magnolia Bank

Overview / Commentary

www.magnoliabank.com

270-358-3111

794 Old Elizabethtown Rd.
Hodgenville, KY 42748

Magnolia Bank is headquartered in Magnolia and is the 33^rd largest bank in the state of Kentucky. It is also the 1,594^th 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.

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 Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	8120
Year Established	1919
Employees	368
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	11.98%
Return on Equity - YTD	110.16%
Annual Interest Income	$12.5MM

Assets and Liabilities
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

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
0.50%	-	-	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

APY	MIN	MAX	ACCOUNT NAME
0.60%^*	$250k^*	-	Magnolia Money Market Account
OTHER TIERS: 0.10% → $2.5k - $50k \| 0.15% → $50k - $100k \| 0.25% → $100k - $250k
0.60%^*	$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

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
0.75%	$100	-	1 Year Student Saver CD
0.60%	$500	-	6 Month CD
0.50%	$500	-	12 Month CD
0.50%	$500	-	18 Month CD
0.50%	$500	-	24 Month CD
0.50%	$500	-	36 Month CD
0.50%	$500	-	48 Month CD
0.50%	$500	-	60 Month CD

Magnolia Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
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

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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