Featured Savings Rates
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The Bank of Magnolia Company

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.15%1-year CD12 Month CD
0.05%SavingsPassbook Account
0.40%4-year CD48 Month CD

Overview / Commentary
330-866-9392
122 North Main Street
Magnolia, OH 44643

The Bank of Magnolia Company is headquartered in Magnolia and is the 142nd largest bank in the state of Ohio. It is also the 4,641st 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
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 Established1899
Employees23
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD4.86%
Annual Interest Income$576.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$83.8MM$78.9MM
LoansQ1 2017vs Q1 2016$32.7MM$31.8MM
DepositsQ1 2017vs Q1 2016$73.7MM$69.0MM
Equity CapitalQ1 2017vs Q1 2016$9.3MM$9.1MM
Loan Loss AllowanceQ1 2017vs Q1 2016$476.00K$451.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$506.00K$547.00K
Real Estate OwnedQ1 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$25-Passbook Account
0.05%$500-IRA Variable Account

The Bank of Magnolia Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$1k-NOW Account
0.01%$2,500-Super NOW Account

The Bank of Magnolia Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Branch10045 Cleveland Avenue, S.E.Magnolia, OH 44643
The Bank Of Magnolia Company122 North Main StreetMagnolia, OH 44643
Canton South Branch3221 Cleveland Ave SwCanton, OH 44707