The Bank of Magnolia Company


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

The Bank of Magnolia Company is headquartered in Magnolia and is the 135th largest bank in the state of Ohio. It is also the 4,168th largest bank in the nation. It was established in 1899 and as of June of 2020, it had grown to 19 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
Employees19
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD12.25%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$91.3MM$81.9MM
LoansQ2 2020vs Q2 2019$42.8MM$37.4MM
DepositsQ2 2020vs Q2 2019$78.9MM$70.9MM
Equity CapitalQ2 2020vs Q2 2019$10.5MM$9.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$551.00K$551.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$191.00K$594.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Bank of Magnolia Company; 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.

The Bank of Magnolia Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$25-Passbook Account
0.03%$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% $2.5k - $10k | 0.03% $10k - $25k

The Bank of Magnolia Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$1k-NOW Account
0.01%$2.5k-Super NOW Account

The Bank of Magnolia Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$500-48 Month CD
0.15%$500-24 Month CD
0.15%$500-30 Month CD
0.15%$500-36 Month CD
0.10%$500-12 Month CD
0.10%$500-18 Month CD
0.05%$500-6 Month CD
0.03%$500-30-89 Day CD
0.03%$500-90-Less than 182 Day CD

The Bank of Magnolia Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$500-48 Month IRA
0.15%$500-24 Month IRA
0.15%$500-30 Month IRA
0.15%$500-36 Month IRA
0.10%$500-12 Month IRA
0.10%$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

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