Magnolia State Bank

Headquarters

130 Oak Street
Eastman, GA 31023
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.66% →
1-Year CD 0.65% 0.67% →
2-Year CD 0.70% 0.75% →
5-Year CD 0.95% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Magnolia State Bank is an FDIC insured institution located in Eastman, GA. It was founded in 1919 and has approximately $0.19 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 877
Date Established 1919
Assets $ 188.55 million
Loans $ 108.70 million
Deposits $ 167.70 million
Capital $ 20.55 million
 

For a more detailed analysis of Magnolia State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 12, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.20% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.95% $10,000 $14,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 12, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Magnolia State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
CityWorth Loans
NMLS ID: 925476
3.106% 3.000% 1.00 $3,388 $1,055 Learn More
Beeline Loans, Inc.
NMLS ID: 1799947
2.912% 2.875% 0.50 $1,178 $1,038 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.773% 2.750% 0.25 $762 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Magnolia State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Magnolia State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Magnolia State Bank Locations


Financial Details

Magnolia State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Magnolia State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Magnolia State Bank U.S. Bank Average
28.01% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, Magnolia State Bank had $2,843,000 in non-current loans and $3,256,000 in owned real estate. To cover these potential losses it had $20,552,000 in equity and $1,224,000 in loans loss reserves. That gives it a Texas Ratio of 28.01%.

Return on Equity
Magnolia State Bank U.S. Bank Average
9.19% 9.24%

Magnolia State Bank has a Return on Equity of 9.19% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Magnolia State Bank U.S. Bank Average
10.9% 11.96%

Magnolia State Bank has a Capitalization of 10.9% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Magnolia State Bank Balance Sheet Analysis

As of December 31, 2020, Magnolia State Bank had assets of $188,554,000, loans of $108,695,000, and deposits of $167,703,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 58.17 million
Interest-bearing balances $ 45.75 million
Total securities $ 16.48 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 108.70 million
Loan loss allowance $ 1.22 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.26 million
Goodwill and other intangibles $ 0.28 million
All other assets $ 1.07 million
     Total Assets $ 168.00 million
LIABILITIES
Total deposits $ 167.70 million
      Interest-bearing deposits $ 99.08 million
      Deposits held in domestic offices $ 167.70 million
      % insured (estimated) 80.23%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.30 million
      Total Liabilities $ 168.00 million
      Shareholders’ Equity $ 20.55 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 7.89 million
Total Interest Expense $ 0.61 million
Net interest income $ 7.28 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 1.14 million
Total non interest expense $ 6.45 million
Pre-tax Net Operating Income $ 1.83 million

Bank Loan Profile?

The top three loan types in Magnolia State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Magnolia State Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 38.07
Multifamily
Mortgages
3.42
Credit Card Loans 0.62
Consumer Auto Loans 4.65
Small Business Loans 11.69
Construction and Development Loans 7.16
Commercial Real Estate 22.50
Commercial and Industrial Loans 16.92
Farm Loans 0.71

Frequently Asked Questions About Magnolia State Bank

Branches and Savings

Is Magnolia State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #877.

Why does Magnolia State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Magnolia State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Magnolia State Bank a commercial bank?

Yes

Where are Magnolia State Bank locations?

See branch locations nearby.

Is Magnolia State Bank open on Saturdays?

Is Magnolia State Bank open on Sundays?

What time does Magnolia State Bank open?

What time does Magnolia State Bank close?

Are Magnolia State Bank ATMs Open 24/7?

Do Magnolia State Bank ATMs accept cash deposits?

Can Magnolia State Bank customers use other ATMs?

Do Magnolia State Bank branches have notaries?

Will Magnolia State Bank notarize my document?

What address for Magnolia State Bank should I put for incoming ACH transfers?

Will the Magnolia State Bank branch print checks?

Do Magnolia State Bank checks expire?

Does Magnolia State Bank require US citizenship to open account?

Can Magnolia State Bank close my account?

Does Magnolia State Bank Report to credit bureaus?

Does Magnolia State Bank Use Equifax?

What is Magnolia State Bank's ACH Routing Number?

What is Magnolia State Bank's SWIFT code?

Products

Does Magnolia State Bank offer mortgages?

Compare mortgage rates here.

Does Magnolia State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Magnolia State Bank offer personal loans?

Compare personal loan rates here.

Does Magnolia State Bank offer student loans?

Will Magnolia State Bank cash a check?

Will Magnolia State Bank redeem a savings bond?

Does Magnolia State Bank cash savings bonds?

Will Magnolia State Bank cash money orders?

Can Magnolia State Bank issue a money order?

Does Magnolia State Bank do currency exchange?

Background on The Bank

Who owns Magnolia State Bank?

How long has Magnolia State Bank been around?

Can Magnolia State Bank transfer to other banks?

Does Magnolia State Bank have quick pay?

Does Magnolia State Bank accept rolled coins?

Will Magnolia State Bank accept loose change?

Where is Magnolia State Bank headquarters?

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