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Overview / Commentary
330-866-9392
122 North Main Street
Magnolia, OH 44643

The Bank of Magnolia Company is headquartered in Magnolia and is the 144th largest bank in the state of Ohio. It is also the 4,662nd largest bank in the nation. It was established in 1899 and as of December of 2016, it had grown to 23 employees at 3 locations. The Bank of Magnolia Company has an A health rating.

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Health
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
Employees23
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD7.31%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$84.4MM$78.6MM
LoansQ4 2016vs Q4 2015$32.5MM$32.6MM
DepositsQ4 2016vs Q4 2015$74.5MM$68.8MM
Equity CapitalQ4 2016vs Q4 2015$9.2MM$8.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$462.00K$402.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$496.00K$537.00K
Real Estate OwnedQ4 2016vs Q4 2015$45.00K$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% $2,500 - $10k | 0.03% $10k - $25k

The Bank of Magnolia Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$1k-NOW Account
0.01%$2,500-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