Magnolia Bank, Incorporated in Magnolia, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Magnolia Bank, Incorporated - Overview

  • General
  • FDIC Certificate #: 8120
    Status: Active
    Federal Reserve ID: 261146
    Bank Holding Company (Regulatory Top Holder): Magnolia Bancshares, Inc. (RSSDID: 1095843, Location: Hodgenville, KY)
    Date Established: November 04, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10406
    FDIC's unique #: 5169
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 03, 2010
    Last Data Update: June 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4910 L&N Turnpike, Magnolia, KY 42757
    County: Larue
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Elizabethtown
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Louisville-Jefferson County-Elizabethtown-Scottsburg, KY-IN (#350)
    Core Based Statistical Area (CBSA): Elizabethtown, KY (#21060)
    CBSA Metro Statistical Area: Elizabethtown, KY (#21060)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Location
  • Financial Summary
  • Total assets: $133.6 mil
    Equity capital: $14.8 mil
    Deposits held in domestic offices: $106.9 mil
    Return on assets (ROA): 1.38% ($1.8 mil)
    Quarterly return on assets: 1.72% ($2.3 mil)
    Return on Equity (ROE): 13.75% ($2.1 mil)
    Quarterly return on equity: 15.49% ($2.3 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.40% ($1,870.1 mil)
    Quarterly Pretax return on assets: 1.73% ($2,310.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 60Total employees (full-time equivalent)
  • $133,575Total assets
  • $3,146Cash and due from depository institutions
  • $142Interest-bearing balances
  • $19,479Securities
  • $7,483Federal funds sold & reverse repurchase agreements
  • $98,221Net loans & leases
  • $943Loan loss allowance
  • $0Trading account assets
  • $1,948Bank premises and fixed assets
  • $463Other real estate owned
  • $0Goodwill and other intangibles
  • $133,575Life insurance assets
  • $2,835All other assets
  • $118,807Total liabilities and capital
  • $106,946Total liabilities
  • $92,929Total deposits
  • $106,946Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,046Trading liabilities
  • $0Other borrowed funds
  • $815Subordinated debt
  • $14,768All other liabilities
  • $14,768Total equity capital
  • $14,768Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $8,400Surplus
  • $6,268Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $13,863Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $765Income earned, not collected on loans
  • $0Earning assets
  • $664Long-term assets (5+ years)
  • $125,325Average Assets, year-to-date
  • $48,588Average Assets, quarterly
  • $128,560Volatile liabilities
  • $131,279Insider loans
  • $112,303FHLB advances
  • $134,822Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,326Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,789Restructured Loans and leases
  • $1,742Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,527Total interest income
  • $1,812Total interest expense
  • $4,715Net interest income
  • $205Provision for loan and lease losses
  • $3,066Total noninterest income
  • $0Fiduciary activities
  • $380Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,686Additional noninterest income
  • $5,891Total noninterest expense
  • $3,518Salaries and employee benefits
  • $601Premises and equipment expense
  • $1,772Additional noninterest expense
  • $1,685Pre-tax net operating income
  • $111Securities gains (losses)
  • $20Applicable income taxes
  • $1,776Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,776Net income attributable to bank
  • $0Net charge-offs
  • $1,776Cash dividends
  • $114Sale, conversion, retirement of capital stock, net
  • $790Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.40%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 3.90%Net interest margin
  • 2.53%Noninterest income to earning assets
  • 4.87%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 13.75%Return on equity (ROE)
  • 7.63%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 179.82%Credit loss provision to net charge-offs
  • 16.58%Efficiency ratio
  • 75,710Assets per employee
  • 2.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.48%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 123.27%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 91.84%Net loans and leases to core deposits
  • 99.85%Equity capital to assets
  • 11.06%Core capital (leverage) ratio
  • 10.63%Tier 1 risk-based capital ratio
  • 12.76%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $128,560Average earning assets
  • $12,920Average equity
  • $120,976Average loans

List of branches

  • 4 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05169Magnolia Bank, Incorporated4910 L&N Turnpike, Magnolia, KY 42757November 04, 1919Full Service Brick and Mortar
    1217953Hodgenville Branch794 Old Elizabethtown Road, Hodgenville, KY 42748Febuary 02, 1981Full Service Brick and Mortar
    2263154Parkway Plaza Branch106 Lincoln Drive, Hodgenville, KY 42748June 30, 1988Full Service Brick and Mortar
    3425708Elizabethtown Branch651 West Dixie Avenue, Elizabethtown, KY 42701Febuary 06, 2004Full Service Brick and Mortar

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