Magnolia State Bank

28 Highway 528
Bay Springs, MS 39422

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 22081
Date Established 1975
Assets $0.31 billion
Loans $0.23 billion
Deposits $0.28 billion
Capital $0.03 billion

Magnolia State Bank is an FDIC insured institution located in Bay Springs, MS. It was founded in 1975 and has approximately $0.31 billion in assets. Customers can open an account at one of its 8 branches.

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.

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 Construction and Development Loans.

Compared to other banks in Mississippi, Magnolia State Bank has a significantly higher percent of Credit Card Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 32.76
Multifamily
Mortgages
2.64
Credit Card Loans 0.71
Consumer Auto Loans 2.98
Small Business Loans 0.00
Construction and Development Loans 15.68
Commercial Real Estate 30.47
Commercial and Industrial Loans 9.52
Farm Loans 0.76

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.25% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.35% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM2.5K
0.25% $2,500 $9,999 Learn MoreShow Less
MM25K
0.35% $10,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
INTCK2.5K
0.25% $1,500 $9,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.

Refinance Mortgage Rates APR Rate Monthly Payment
15 Year Fixed Conforming 3.20% 3.02% $1,728.86 Learn MoreShow Less
30 Year Fixed Conforming 3.83% 3.80% $1,164.89 Learn MoreShow Less
Purchase Mortgage Rates APR Rate Monthly Payment
15 Year Fixed Conforming 3.20% 3.02% $1,728.86 Learn MoreShow Less
30 Year Fixed Conforming 3.83% 3.80% $1,164.89 Learn MoreShow Less

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

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
8.57% 8.87%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of March 31, 2017, Magnolia State Bank had $876,000 in non-current loans and $1,909,000 in owned real estate. To cover these potential losses it had $30,826,000 in equity and $1,667,000 in loans loss reserves. That gives it a Texas Ratio of 8.57%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Magnolia State Bank U.S. Bank Average
6.6% 8.39%

Magnolia State Bank has a Return on Equity of 6.6% versus the BestCashCow average of 8.39%. 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
9.86% 11.94%

Magnolia State Bank has a Capitalization of 9.86% versus the BestCashCow average of 11.94%. 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 March 31, 2017, Magnolia State Bank had assets of $312,728,000, loans of $226,127,000, and deposits of $280,821,000. 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.

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