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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 141st largest bank in the state of Ohio. It is also the 4,303rd largest bank in the nation. It was established in 1899 and as of December of 2019, it had grown to 18 employees at 3 locations. The Bank of Magnolia Company has a B+ health rating.

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Health
B+

Data as of Q4 2019

Learn why bank health matters
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
Employees18
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD6.09%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$80.1MM$82.3MM
LoansQ4 2019vs Q4 2018$39.0MM$36.3MM
DepositsQ4 2019vs Q4 2018$68.6MM$72.3MM
Equity CapitalQ4 2019vs Q4 2018$10.0MM$9.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$512.00K$536.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$180.00K$238.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$25-Passbook Account
0.05%$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
0.40%$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

APYMINMAXACCOUNT NAMEVIEW 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 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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