Magnolia Bank


Overview / Commentary
270-324-3226
4910 L&N Turnpike
Magnolia, KY 42757

Magnolia Bank is headquartered in MAGNOLIA and is the 38th largest bank in the state of Kentucky. It is also the 1,945th largest bank in the nation. It was established in 1919 and as of March of 2023, it had grown to 243 employees at 16 locations. Magnolia Bank's money market rates are 5X the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #8120
Year Established1919
Employees243
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.14%
Return on Equity - YTD-1.47%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$431.5MM$452.9MM
LoansQ1 2023vs Q1 2022$227.7MM$214.6MM
DepositsQ1 2023vs Q1 2022$383.0MM$371.6MM
Equity CapitalQ1 2023vs Q1 2022$41.6MM$53.3MM
Loan Loss AllowanceQ1 2023vs Q1 2022$3.8MM$3.2MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$40.00K$489.00K
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.60%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.60%$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 Branch106 Lincoln DriveHodgenville, KY 42748
Magnolia Bank, Incorporated4910 South L And N TurnpikeMagnolia, KY 42757
Elizabethtown Branch651 West Dixie AvenueElizabethtown, KY 42701
Hodgenville Branch794 Old Elizabethtown RoadHodgenville, KY 42748

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