The Bank of Magnolia Company in Magnolia, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Bank of Magnolia Company - Overview

  • General
  • FDIC Certificate #: 2300
    Status: Active
    Federal Reserve ID: 940021
    Bank Holding Company (Regulatory Top Holder): Magnolia Bancorp, Inc. (RSSDID: 2402813, Location: Magnolia, OH)
    Date Established: April 19, 1899
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 1520
    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: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 122 North Main Street, Magnolia, OH 44643
    County: Stark
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Canton-Massillon, OH (#1320)
    Core Based Statistical Area (CBSA): Canton-Massillon, OH (#15940)
    CBSA Metro Statistical Area: Canton-Massillon, OH (#15940)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $69.1 mil
    Equity capital: $8.3 mil
    Deposits held in domestic offices: $60.1 mil
    Return on assets (ROA): 0.63% ($0.4 mil)
    Quarterly return on assets: -0.04% (-$0.0 mil)
    Return on Equity (ROE): 5.41% ($0.4 mil)
    Quarterly return on equity: -0.34% (-$0.0 mil)
    Net income: $0.4 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.63% ($435.6 mil)
    Quarterly Pretax return on assets: 0.05% ($34.6 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
  • 23Total employees (full-time equivalent)
  • $69,141Total assets
  • $3,637Cash and due from depository institutions
  • $0Interest-bearing balances
  • $28,964Securities
  • $361Federal funds sold & reverse repurchase agreements
  • $33,148Net loans & leases
  • $493Loan loss allowance
  • $0Trading account assets
  • $1,088Bank premises and fixed assets
  • $24Other real estate owned
  • $0Goodwill and other intangibles
  • $69,141Life insurance assets
  • $1,919All other assets
  • $60,860Total liabilities and capital
  • $60,130Total liabilities
  • $47,497Total deposits
  • $60,130Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $730Subordinated debt
  • $8,281All other liabilities
  • $8,281Total equity capital
  • $8,281Total bank equity capital
  • $0Perpetual preferred stock
  • $240Common stock
  • $250Surplus
  • $7,791Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $98Income earned, not collected on loans
  • $0Earning assets
  • $300Long-term assets (5+ years)
  • $62,473Average Assets, year-to-date
  • $27,212Average Assets, quarterly
  • $69,048Volatile liabilities
  • $69,591Insider loans
  • $36,824FHLB advances
  • $69,320Loans and leases held for sale
  • $970Unused loan commitments
  • $970Tier 1 (core) risk-based capital
  • $7,665Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,974Restructured Loans and leases
  • $131Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,741Total interest income
  • $232Total interest expense
  • $2,509Net interest income
  • $36Provision for loan and lease losses
  • $361Total noninterest income
  • $0Fiduciary activities
  • $129Service charges on deposit accounts
  • $0Trading account gains & fees
  • $232Additional noninterest income
  • $2,361Total noninterest expense
  • $1,127Salaries and employee benefits
  • $329Premises and equipment expense
  • $905Additional noninterest expense
  • $473Pre-tax net operating income
  • -$38Securities gains (losses)
  • -$3Applicable income taxes
  • $438Income before extraordinary items
  • $0Extraordinary gains - net
  • $438Net income attributable to bank
  • $0Net charge-offs
  • $438Cash dividends
  • $69Sale, conversion, retirement of capital stock, net
  • $145Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.37%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.76%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 5.41%Return on equity (ROE)
  • 3.62%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 52.17%Credit loss provision to net charge-offs
  • 7.38%Efficiency ratio
  • 82,265Assets per employee
  • 3.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.11%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 503.06%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 55.13%Net loans and leases to core deposits
  • 56.80%Equity capital to assets
  • 11.98%Core capital (leverage) ratio
  • 11.06%Tier 1 risk-based capital ratio
  • 20.82%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $69,048Average earning assets
  • $8,093Average equity
  • $62,860Average loans

List of branches

  • 3 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01520The Bank Of Magnolia Company122 North Main Street, Magnolia, OH 44643April 19, 1899Full Service Brick and Mortar
    1192482East Sparta Branch10045 Cleveland Avenue, S.E., Magnolia, OH 44643May 04, 1981Full Service Brick and Mortar
    2192483Canton South Branch3221 Cleveland Ave Sw, Canton, OH 44707June 04, 1999Full Service Brick and Mortar

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