The Bank of Magnolia Company

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 135^th largest bank in the state of Ohio. It is also the 4,168^th 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

Data as of Q2 2020

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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	19
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.48%
Return on Equity - YTD	12.25%
Annual Interest Income	$1.7MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$91.3MM$81.9MM
Loans	Q2 2020vs Q2 2019	$42.8MM$37.4MM
Deposits	Q2 2020vs Q2 2019	$78.9MM$70.9MM
Equity Capital	Q2 2020vs Q2 2019	$10.5MM$9.8MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$551.00K$551.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$191.00K$594.00K
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	$25	-	Passbook Account
0.03%	$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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 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

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