Magnolia Bank, Incorporated in Magnolia, Kentucky (KY)

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Magnolia Bank, Incorporated
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Change in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)60
Total assets$133,575
Cash and due from depository institutions$3,146
Interest-bearing balances$142
Federal funds sold & reverse repurchase agreements$7,483
Net loans & leases$98,221
Loan loss allowance $943
Trading account assets$0
Bank premises and fixed assets$1,948
Other real estate owned$463
Goodwill and other intangibles$0
All other assets$2,835
Life insurance assets$133,575
Total liabilities and capital$118,807
Total liabilities$106,946
Total deposits$92,929
Interest-bearing deposits$106,946
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11,046
Other borrowed funds $0
Subordinated debt $815
All other liabilities $14,768
Total equity capital$14,768
Total bank equity capital$14,768
Perpetual preferred stock$0
Common stock$100
Undivided profits $6,268
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $13,863
Income earned, not collected on loans $765
Earning assets $0
Long-term assets (5+ years) $664
Average Assets, year-to-date $125,325
Average Assets, quarterly $48,588
Volatile liabilities $128,560
Insider loans $131,279
FHLB advances $112,303
Loans and leases held for sale $134,822
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $14,326
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,789
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,527
Total interest expense $1,812
Net interest income $4,715
Provision for loan and lease losses $205
Total noninterest income $3,066
Fiduciary activities $0
Service charges on deposit accounts $380
Trading account gains & fees $0
Additional noninterest income $2,686
Total noninterest expense $5,891
Salaries and employee benefits $3,518
Premises and equipment expense $601
Additional noninterest expense $1,772
Pre-tax net operating income $1,685
Securities gains (losses) $111
Applicable income taxes $20
Income before extraordinary items $1,776
Extraordinary gains - net $0
Net income attributable to bank $1,776
Net charge-offs $0
Cash dividends $1,776
Sale, conversion, retirement of capital stock, net $114
Net operating income $790
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.40%
Cost of funding earning assets 1.50%
Net interest margin 3.90%
Noninterest income to earning assets 2.53%
Noninterest expense to earning assets 4.87%
Net operating income to assets 1.30%
Return on assets (ROA) 1.38%
Pretax return on assets 1.40%
Return on equity (ROE) 13.75%
Retained earnings to average equity (YTD only) 7.63%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 179.82%
Efficiency ratio16.58%
Assets per employee$75,710
Cash dividends to net income (YTD only)2.23%
Condition Ratios (%)
Loss allowance to loans 44.48%
Loss allowance to noncurrent loans 0.95%
Noncurrent assets plus other real estate owned to assets 123.27%
Noncurrent loans to loans 0.92%
Net loans and leases to deposits0.77%
Net loans and leases to core deposits 91.84%
Equity capital to assets 99.85%
Core capital (leverage) ratio 11.06%
Tier 1 risk-based capital ratio 10.63%
Total risk-based capital ratio 12.76%
Average assets$14
Average earning assets$128,560
Average equity $12,920
Average loans $120,976
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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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