Magnolia Bank is headquartered in MAGNOLIA and is the 38th largest bank in the state of Kentucky. It is also the 1,953rd largest bank in the nation. It was established in 1919 and as of June of 2023, it had grown to 251 employees at 17 locations. Magnolia Bank's money market rates are 5X the national average, and it has an A health rating.
Overall | |
---|---|
FDIC Certificate # | 8120 |
Year Established | 1919 |
Employees | 251 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | -0.99% |
Return on Equity - YTD | -10.77% |
Annual Interest Income | $8.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $427.9MM$452.5MM |
Loans | Q2 2023vs Q2 2022 | $228.6MM$197.4MM |
Deposits | Q2 2023vs Q2 2022 | $383.4MM$376.5MM |
Equity Capital | Q2 2023vs Q2 2022 | $38.2MM$49.2MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $4.0MM$3.2MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $270.00K$196.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20% | - | - | Young Savings Account | ||
0.15%* | $50k* | - | Statement Savings Account | ||
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $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 |
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 |