Overview / Commentary
122 North Main Street
Magnolia, OH 44643

The Bank of Magnolia Company is headquartered in Magnolia and is the 137th largest bank in the state of Ohio. It is also the 4,394th largest bank in the nation. It was established in 1899 and as of September of 2018, it had grown to 20 employees at 3 locations. The Bank of Magnolia Company has an A health rating.


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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

FDIC Certificate #2300
Year Established1899
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD8.28%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$84.8MM$80.6MM
LoansQ3 2018vs Q3 2017$35.4MM$32.6MM
DepositsQ3 2018vs Q3 2017$75.1MM$70.3MM
Equity CapitalQ3 2018vs Q3 2017$9.0MM$9.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$498.00K$471.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$166.00K$465.00K
Real Estate OwnedQ3 2018vs Q3 2017$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.

The Bank of Magnolia Company Savings Account Rates

0.05%$25-Passbook Account
0.05%$500-IRA Variable Account

The Bank of Magnolia Company Money Market Rates

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

0.01%$1k-NOW Account
0.01%$2.5k-Super NOW Account

The Bank of Magnolia Company CD Rates

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

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

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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