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 36^th largest bank in the state of Kentucky. It is also the 1,865^th largest bank in the nation. It was established in 1919 and as of December of 2021, it had grown to 376 employees at 6 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

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

A+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	8120
Year Established	1919
Employees	376
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.96%
Return on Equity - YTD	16.51%
Annual Interest Income	$12.0MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$456.7MM$519.8MM
Loans	Q4 2021vs Q4 2020	$223.0MM$346.7MM
Deposits	Q4 2021vs Q4 2020	$370.7MM$431.2MM
Equity Capital	Q4 2021vs Q4 2020	$57.3MM$56.1MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$3.2MM$2.7MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$339.00K$233.00K
Real Estate Owned	Q4 2021vs Q4 2020	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

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
0.35%^*	$250k^*	-	Magnolia Money Market Account
OTHER TIERS: 0.10% → $2.5k - $50k \| 0.15% → $50k - $100k \| 0.25% → $100k - $250k
0.35%^*	$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
0.50%	$100	-	1 Year Student Saver CD
0.40%	$500	-	6 Month CD
0.25%	$500	-	12 Month CD
0.25%	$500	-	18 Month CD
0.25%	$500	-	24 Month CD
0.25%	$500	-	36 Month CD
0.25%	$500	-	48 Month CD
0.25%	$500	-	60 Month CD

Magnolia Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	$500	-	6 Month IRA
0.25%	$100	-	12 Month IRA
0.25%	$100	-	18 Month IRA
0.25%	$100	-	24 Month IRA
0.25%	$100	-	36 Month IRA
0.25%	$100	-	48 Month IRA
0.25%	$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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.