The Bank of Magnolia Company

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.15%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.05%	Savings	Passbook Account 1.15% - CIT Bank Spring Savings
0.40%	4-year CD	48 Month CD 1.50% - Ally Bank Raise Your Rate 4-Year CD

View all The Bank of Magnolia Company rates »

Overview / Commentary

www.bankofmagnolia.com

330-866-9392

122 North Main Street
Magnolia, OH 44643

The Bank of Magnolia Company is headquartered in Magnolia and is the 142^nd largest bank in the state of Ohio. It is also the 4,641^st largest bank in the nation. It was established in 1899 and as of March of 2017, it had grown to 23 employees at 3 locations. The Bank of Magnolia Company has an A health rating.

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Health

A

Data as of Q1 2017

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The Bank of Magnolia Company has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	2300
Year Established	1899
Employees	23
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.53%
Return on Equity - YTD	4.86%
Annual Interest Income	$576.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$83.8MM$78.9MM
Loans	Q1 2017vs Q1 2016	$32.7MM$31.8MM
Deposits	Q1 2017vs Q1 2016	$73.7MM$69.0MM
Equity Capital	Q1 2017vs Q1 2016	$9.3MM$9.1MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$476.00K$451.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$506.00K$547.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Bank of Magnolia Company Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$25	-	Passbook Account
0.05%	$500	-	IRA Variable Account

The Bank of Magnolia Company Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%^*	$25k^*	-	Money Market Deposit Account
OTHER TIERS: 0.02% → $2,500 - $10k \| 0.03% → $10k - $25k

The Bank of Magnolia Company Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.01%	$1k	-	NOW Account
0.01%	$2,500	-	Super NOW Account

The Bank of Magnolia Company CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	$500	-	48 Month CD
0.30%	$500	-	36 Month CD
0.20%	$500	-	24 Month CD
0.20%	$500	-	30 Month CD
0.15%	$500	-	12 Month CD
0.15%	$500	-	18 Month CD
0.10%	$500	-	6 Month CD
0.05%	$500	-	30-89 Day CD
0.05%	$500	-	90-Less than 182 Day CD

The Bank of Magnolia Company IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	$500	-	48 Month IRA
0.30%	$500	-	36 Month IRA
0.20%	$500	-	24 Month IRA
0.20%	$500	-	30 Month IRA
0.15%	$500	-	12 Month IRA
0.15%	$500	-	18 Month IRA

Locations

The Bank of Magnolia Company Locations
East Sparta Branch	10045 Cleveland Avenue, S.E.	Magnolia, OH 44643
The Bank Of Magnolia Company	122 North Main Street	Magnolia, OH 44643
Canton South Branch	3221 Cleveland Ave Sw	Canton, OH 44707