The Bank of Magnolia Company is headquartered in MAGNOLIA and is the 129th largest bank in the state of Ohio. It is also the 3,754th largest bank in the nation. It was established in 1899 and as of March of 2025, it had grown to 19 employees at 3 locations. The Bank of Magnolia Company's CD rates are 4X the national average, and it boasts an A+ health rating.
Overall | |
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FDIC Certificate # | 2300 |
Year Established | 1899 |
Employees | 19 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.65% |
Return on Equity - YTD | 13.82% |
Annual Interest Income | $1.3MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $106.1MM$102.4MM |
Loans | Q1 2025vs Q1 2024 | $61.8MM$56MM |
Deposits | Q1 2025vs Q1 2024 | $92.5MM$90.1MM |
Equity Capital | Q1 2025vs Q1 2024 | $12.6MM$11.1MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $731K$731K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $38K$28K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.03% | $25 | - | Passbook Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.03%* | $25k* | - | Money Market Deposit Account | ||
OTHER TIERS: 0.02% → $2.5k - $25k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | $1k | - | NOW Account |
The Bank of Magnolia Company Locations | ||
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East Sparta Branch | 10045 Cleveland Avenue, S.E. | Magnolia, OH 44643 |
The Bank Of Magnolia Company | 122 N Main St | Magnolia, OH 44643 |
Canton South Branch | 3221 Cleveland Ave Sw | Canton, OH 44707 |