Magnolia State Bank


28 Highway 528
Bay Springs, MS 39422
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Notable Rates APY Vs.Others
Savings 0.25% 1.05% →
1-Year CD 0.60% 0.95% →
2-Year CD 0.70% 1.05% →
5-Year CD 1.00% 1.30% →
30-Year Mortgage 3.91% 2.80% →
15-Year Mortgage 3.26% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Magnolia State Bank is an FDIC insured institution located in Bay Springs, MS. It was founded in 1975 and has approximately $0.35 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 22081
Date Established 1975
Assets $ 348.03 million
Loans $ 254.13 million
Deposits $ 312.21 million
Capital $ 34.82 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 - September 20, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.25% $2,500 $9,999 Learn More
Money Market
0.25% $2,500 $9,999 Learn More
Money Market
0.35% $10,000 $49,999 Learn More
3 Mo CD
0.40% $1,000 - Learn More
6 Mo CD
0.50% $1,000 - Learn More
12 Mo CD
0.60% $1,000 - Learn More
24 Mo CD
0.70% $1,000 - Learn More
36 Mo CD
0.80% $1,000 - Learn More
48 Mo CD
0.90% $1,000 - Learn More
60 Mo CD
1.00% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.25% $1,500 $9,999 Learn MoreShow Less

Loan Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

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.


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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 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
12.58% 6.94%

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 March 31, 2020, Magnolia State Bank had $1,577,000 in non-current loans and $3,074,000 in owned real estate. To cover these potential losses it had $34,817,000 in equity and $2,147,000 in loans loss reserves. That gives it a Texas Ratio of 12.58%.

Return on Equity
Magnolia State Bank U.S. Bank Average
11.08% 7.80%

Magnolia State Bank has a Return on Equity of 11.08% versus the BestCashCow average of 7.80%. 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.

Magnolia State Bank U.S. Bank Average
10% 12.68%

Magnolia State Bank has a Capitalization of 10% versus the BestCashCow average of 12.68. 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, 2020, Magnolia State Bank had assets of $348,032,000, loans of $254,134,000, and deposits of $312,205,000. 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

March 31, 2020
Cash & Balances due from depository institutions $ 5.27 million
Interest-bearing balances $ 1.25 million
Total securities $ 35.32 million
Federal funds sold and reverse repurchase $ 32.51 million
Net loans and leases $ 254.13 million
Loan loss allowance $ 2.15 million
Trading account assets $ 0.01 million
Bank premises and fixed assets N.A.
Other real estate owned $ 3.07 million
Goodwill and other intangibles $ 0.60 million
All other assets $ 4.94 million
     Total Assets $ 313.22 million
Total deposits $ 312.21 million
      Interest-bearing deposits $ 216.56 million
      Deposits held in domestic offices $ 312.21 million
      % insured (estimated) 73.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 0.01 million
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.00 million
      Total Liabilities $ 313.22 million
      Shareholders’ Equity $ 34.82 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 3.60 million
Total Interest Expense $ 0.64 million
Net interest income $ 2.96 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.49 million
Total non interest expense $ 2.50 million
Pre-tax Net Operating Income $ 0.95 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 Construction and Development Loans.

Compared to other banks in Mississippi, Magnolia State Bank has a significantly higher percent of Credit Card 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 35.47
Credit Card Loans 0.62
Consumer Auto Loans 3.19
Small Business Loans 0.00
Construction and Development Loans 11.25
Commercial Real Estate 28.31
Commercial and Industrial Loans 9.00
Farm Loans 0.74

Frequently Asked Questions About Magnolia State Bank

Branches and Savings

Is Magnolia State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22081.

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?


Where are Magnolia State Bank locations?

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Is Magnolia State Bank open on Saturdays?

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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?


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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