Overview / Commentary
The Bank of Magnolia Company is headquartered in Magnolia and is the 137th largest bank in the state of Ohio. It is also the 4,342nd largest bank in the nation. It was established in 1899 and as of June of 2019, it had grown to 23 employees at 3 locations. The Bank of Magnolia Company has a B+ health rating.
Health
B+
Data as of Q2 2019
Learn why bank health mattersAdditional 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 | 0.99% |
| Return on Equity - YTD | 8.57% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $81.9MM$81.7MM |
| Loans | Q2 2019vs Q2 2018 | $37.4MM$34.8MM |
| Deposits | Q2 2019vs Q2 2018 | $70.9MM$72.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $9.8MM$8.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $551.00K$516.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $594.00K$370.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
Skip to rates for:
Report an Issue
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
| 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% → $2.5k - $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% | $2.5k | - | Super NOW Account |
The Bank of Magnolia Company CD Rates
The Bank of Magnolia Company IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 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 |