Magnolia Bank Mortgage Rates, Fees & Info

Magnolia, KY

LEI: 549300REENMLD2RN3W58

Tax ID: 61-0126230

5 stars - out of 5 stars, based on 111 reviews

2020 Data | 2019 Data | 2018 Data


Overview

Magnolia Bank is a small bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Magnolia Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Louisville/jefferson County, Atlanta, Asheville, Washington, and Columbia among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Magnolia Bank is typically an average fee lendor.


Originations

12,260

Origination Dollar Volume (All Markets)

$2,832,240,000

Employee count

368 Show all (85) awards

Relative Rate

Magnolia Bank's average 30 year fixed rate mortgage of loans were 3.1%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of -0.26%.

Relative Fees

Magnolia Bank's average total fees for a 30 year fixed rate mortgage are $5,212.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 2,298 $440,720,000 $191,784 $4,538 3.16%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1,144 $243,980,000 $213,269 $3,467 3.35%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 690 $147,760,000 $214,145 $4,348 3.15%
ASHEVILLE, NC (FHA|USDA|VA) 276 $63,270,000 $229,239 $3,034 3.03%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 175 $61,105,000 $349,171 $8,322 2.85%
COLUMBIA, SC (FHA|USDA|VA) 255 $53,085,000 $208,176 $2,890 3.02%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 267 $52,455,000 $196,461 $2,651 3.11%
JACKSON, MS (FHA|USDA|VA) 199 $52,005,000 $261,332 $2,913 3.12%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 193 $48,575,000 $251,684 $4,590 3.02%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 184 $47,480,000 $258,043 $5,371 2.99%
BOWLING GREEN, KY (FHA|USDA|VA) 210 $44,990,000 $214,238 $3,111 3.22%
RALEIGH-CARY, NC (FHA|USDA|VA) 147 $39,415,000 $268,129 $4,248 2.93%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 147 $37,615,000 $255,884 $7,165 2.79%
SAVANNAH, GA (FHA|USDA|VA) 169 $36,235,000 $214,408 $3,295 3.03%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 165 $33,425,000 $202,576 $4,697 3.05%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 153 $30,605,000 $200,033 $4,200 3.11%
FLORENCE, SC (FHA|USDA|VA) 143 $28,015,000 $195,909 $5,028 3.14%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 109 $27,615,000 $253,349 $5,563 3.19%
BOSTON, MA (FHA|USDA|VA) 76 $27,500,000 $361,842 $9,716 3.11%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 121 $27,115,000 $224,091 $5,015 3.18%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 96 $26,140,000 $272,292 $7,965 2.84%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 96 $25,950,000 $270,313 $6,757 3.27%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 98 $25,720,000 $262,449 $6,685 2.95%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 77 $23,945,000 $310,974 $7,038 2.82%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 107 $23,875,000 $223,131 $5,095 3.04%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 63 $23,605,000 $374,683 $9,885 3.23%
KANSAS CITY, MO-KS (FHA|USDA|VA) 89 $22,915,000 $257,472 $5,009 2.93%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 112 $22,780,000 $203,393 $3,845 3.04%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 71 $22,155,000 $312,042 $7,756 2.91%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 81 $22,085,000 $272,654 $6,093 2.70%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 122 $21,720,000 $178,033 $3,151 3.64%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 81 $21,435,000 $264,630 $6,966 2.89%
HUNTSVILLE, AL (FHA|USDA|VA) 85 $21,225,000 $249,706 $4,989 3.09%
ST. LOUIS, MO-IL (FHA|USDA|VA) 91 $20,005,000 $219,835 $4,995 3.21%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 50 $19,510,000 $390,200 $8,679 3.02%
JACKSONVILLE, FL (FHA|USDA|VA) 78 $19,090,000 $244,744 $6,012 3.00%
COLUMBUS, OH (FHA|USDA|VA) 83 $17,405,000 $209,699 $5,596 3.11%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 66 $16,280,000 $246,667 $4,494 3.04%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 63 $16,125,000 $255,952 $6,377 2.92%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 61 $15,825,000 $259,426 $5,487 2.96%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 48 $14,900,000 $310,417 $8,588 2.81%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 46 $14,850,000 $322,826 $9,275 2.84%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 77 $14,645,000 $190,195 $4,276 3.18%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 48 $14,310,000 $298,125 $8,292 2.95%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 51 $14,185,000 $278,137 $8,059 2.90%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 34 $13,400,000 $394,118 $8,435 2.85%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 52 $13,250,000 $254,808 $5,560 2.92%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 32 $13,180,000 $411,875 $7,706 3.03%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 44 $12,860,000 $292,273 $8,395 2.84%
SUMTER, SC (FHA|USDA|VA) 68 $12,440,000 $182,941 $3,325 3.22%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 59 $12,235,000 $207,373 $3,952 3.06%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 34 $11,800,000 $347,059 $8,709 3.12%
COLORADO SPRINGS, CO (FHA|USDA|VA) 39 $11,405,000 $292,436 $6,665 2.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 51 $11,395,000 $223,431 $6,213 2.90%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 57 $11,235,000 $197,105 $3,213 3.08%
RENO, NV (FHA|USDA|VA) 37 $10,985,000 $296,892 $7,950 2.77%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 52 $10,900,000 $209,615 $3,966 3.29%
SALT LAKE CITY, UT (FHA|USDA|VA) 34 $10,370,000 $305,000 $8,172 2.77%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 63 $10,165,000 $161,349 $4,548 3.07%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 39 $9,875,000 $253,205 $6,312 2.91%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 23 $9,865,000 $428,913 $11,386 2.97%
COLUMBIA, MO (FHA|USDA|VA) 48 $9,860,000 $205,417 $3,406 3.04%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 33 $9,685,000 $293,485 $7,327 2.94%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 28 $9,260,000 $330,714 $7,515 2.96%
RICHMOND, VA (FHA|USDA|VA) 37 $9,185,000 $248,243 $5,565 2.90%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 42 $8,960,000 $213,333 $4,828 2.77%
URBAN HONOLULU, HI (FHA|USDA|VA) 20 $8,420,000 $421,000 $10,544 2.85%
AKRON, OH (FHA|USDA|VA) 45 $8,275,000 $183,889 $5,634 3.20%
SPARTANBURG, SC (FHA|USDA|VA) 38 $8,080,000 $212,632 $3,176 3.11%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) 24 $8,010,000 $333,750 $8,432 3.04%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 26 $8,000,000 $307,692 $7,570 2.83%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 46 $7,850,000 $170,652 $4,262 3.14%
NASSAU COUNTY-SUFFOLK COUNTY, NY (FHA|USDA|VA) 26 $7,840,000 $301,538 $8,878 2.93%
FAYETTEVILLE, NC (FHA|USDA|VA) 35 $7,795,000 $222,714 $5,037 2.79%
BOISE CITY, ID (FHA|USDA|VA) 32 $7,750,000 $242,188 $9,752 2.89%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 30 $7,630,000 $254,333 $6,081 3.04%
ANCHORAGE, AK (FHA|USDA|VA) 23 $7,605,000 $330,652 $8,982 2.73%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 25 $7,435,000 $297,400 $9,755 3.00%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 24 $7,170,000 $298,750 $7,475 2.97%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 32 $7,110,000 $222,188 $6,068 2.91%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 17 $6,765,000 $397,941 $9,833 2.94%
ALBUQUERQUE, NM (FHA|USDA|VA) 30 $6,520,000 $217,333 $6,915 2.84%
OKLAHOMA CITY, OK (FHA|USDA|VA) 25 $6,405,000 $256,200 $6,387 2.86%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 17 $6,355,000 $373,824 $5,852 2.83%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 25 $6,035,000 $241,400 $6,293 2.91%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 23 $5,895,000 $256,304 $4,755 2.98%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 18 $5,850,000 $325,000 $6,356 3.03%
VALDOSTA, GA (FHA|USDA|VA) 31 $5,685,000 $183,387 $3,902 3.27%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 23 $5,595,000 $243,261 $6,171 3.17%
PROVO-OREM, UT (FHA|USDA|VA) 20 $5,450,000 $272,500 $6,642 3.00%
NEWARK, NJ-PA (FHA|USDA|VA) 20 $5,420,000 $271,000 $6,838 2.89%
VALLEJO, CA (FHA|USDA|VA) 14 $5,310,000 $379,286 $10,021 3.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 20 $5,190,000 $259,500 $6,947 2.92%
SALEM, OR (FHA|USDA|VA) 21 $5,165,000 $245,952 $7,231 2.85%
KNOXVILLE, TN (FHA|USDA|VA) 23 $5,105,000 $221,957 $6,199 2.97%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 20 $5,100,000 $255,000 $6,314 2.79%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 20 $5,030,000 $251,500 $6,476 2.77%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 19 $5,005,000 $263,421 $4,784 2.88%
COLUMBUS, GA-AL (FHA|USDA|VA) 25 $4,985,000 $199,400 $5,908 3.01%
TUCSON, AZ (FHA|USDA|VA) 21 $4,945,000 $235,476 $5,701 2.79%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 22 $4,800,000 $218,182 $5,199 3.09%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 15 $4,695,000 $313,000 $6,739 2.68%
PITTSBURGH, PA (FHA|USDA|VA) 18 $4,550,000 $252,778 $7,748 2.90%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 25 $4,515,000 $180,600 $3,720 2.98%
COEUR D'ALENE, ID (FHA|USDA|VA) 18 $4,470,000 $248,333 $9,231 2.82%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 19 $4,415,000 $232,368 $5,726 3.07%
FRESNO, CA (FHA|USDA|VA) 17 $4,355,000 $256,176 $7,294 3.03%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 18 $4,310,000 $239,444 $5,896 2.95%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 19 $4,265,000 $224,474 $5,290 2.96%
WORCESTER, MA-CT (FHA|USDA|VA) 14 $4,160,000 $297,143 $7,972 2.95%
GAINESVILLE, GA (FHA|USDA|VA) 14 $4,040,000 $288,571 $3,735 3.13%
GREELEY, CO (FHA|USDA|VA) 14 $3,970,000 $283,571 $6,237 2.98%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH (FHA|USDA|VA) 13 $3,935,000 $302,692 $10,061 2.83%
WILMINGTON, NC (FHA|USDA|VA) 16 $3,930,000 $245,625 $4,208 2.87%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 14 $3,910,000 $279,286 $5,964 2.58%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $3,910,000 $325,833 $5,788 3.35%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 17 $3,905,000 $229,706 $5,640 3.12%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 16 $3,890,000 $243,125 $6,076 2.66%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 16 $3,860,000 $241,250 $6,071 2.66%
ELGIN, IL (FHA|USDA|VA) 17 $3,835,000 $225,588 $3,709 3.24%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 12 $3,710,000 $309,167 $9,394 3.02%
TULSA, OK (FHA|USDA|VA) 15 $3,695,000 $246,333 $9,049 2.77%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 10 $3,690,000 $369,000 $9,152 2.97%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 15 $3,575,000 $238,333 $6,926 3.00%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 7 $3,545,000 $506,429 $12,539 3.03%
BATON ROUGE, LA (FHA|USDA|VA) 16 $3,520,000 $220,000 $6,026 2.58%
WINSTON-SALEM, NC (FHA|USDA|VA) 19 $3,465,000 $182,368 $5,811 3.28%
BAKERSFIELD, CA (FHA|USDA|VA) 13 $3,355,000 $258,077 $8,285 2.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 13 $3,325,000 $255,769 $5,984 2.65%
PORT ST. LUCIE, FL (FHA|USDA|VA) 11 $2,985,000 $271,364 $9,627 2.92%
TALLAHASSEE, FL (FHA|USDA|VA) 13 $2,955,000 $227,308 $3,729 2.98%
CAMDEN, NJ (FHA|USDA|VA) 14 $2,890,000 $206,429 $6,081 2.88%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 13 $2,865,000 $220,385 $4,319 2.84%
PANAMA CITY, FL (FHA|USDA|VA) 11 $2,795,000 $254,091 $6,068 3.02%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 11 $2,795,000 $254,091 $9,063 2.89%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 11 $2,795,000 $254,091 $6,169 3.00%
WILMINGTON, DE-MD-NJ (FHA|USDA|VA) 11 $2,745,000 $249,545 $6,614 2.64%
SALISBURY, MD-DE (FHA|USDA|VA) 12 $2,580,000 $215,000 $6,683 2.96%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 13 $2,505,000 $192,692 $6,948 3.02%
EVANSVILLE, IN-KY (FHA|USDA|VA) 11 $2,445,000 $222,273 $4,248 3.19%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 18 $2,440,000 $135,556 $2,342 3.24%
GARY, IN (FHA|USDA|VA) 13 $2,435,000 $187,308 $7,480 3.22%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $2,430,000 $405,000 $4,115 2.92%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 10 $2,380,000 $238,000 $5,517 2.88%
MODESTO, CA (FHA|USDA|VA) 9 $2,265,000 $251,667 $7,815 2.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 9 $2,225,000 $247,222 $6,213 2.75%
SALINAS, CA (FHA|USDA|VA) 6 $2,220,000 $370,000 $8,077 3.08%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 9 $2,125,000 $236,111 $5,885 2.87%
DAYTON-KETTERING, OH (FHA|USDA|VA) 11 $2,115,000 $192,273 $7,372 2.84%
WICHITA, KS (FHA|USDA|VA) 9 $2,105,000 $233,889 $4,922 2.63%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $2,050,000 $512,500 $12,387 3.28%
MONTGOMERY, AL (FHA|USDA|VA) 8 $2,020,000 $252,500 $5,524 2.88%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 6 $2,000,000 $333,333 $6,233 2.65%
MEDFORD, OR (FHA|USDA|VA) 8 $1,990,000 $248,750 $6,297 2.67%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 9 $1,985,000 $220,556 $6,198 3.18%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 9 $1,945,000 $216,111 $4,894 3.25%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 8 $1,870,000 $233,750 $8,359 3.17%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 8 $1,870,000 $233,750 $7,075 2.61%
PUNTA GORDA, FL (FHA|USDA|VA) 6 $1,860,000 $310,000 $5,131 2.56%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 9 $1,825,000 $202,778 $5,804 2.78%
OCALA, FL (FHA|USDA|VA) 8 $1,820,000 $227,500 $9,541 3.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 6 $1,790,000 $298,333 $9,066 2.98%
LANCASTER, PA (FHA|USDA|VA) 7 $1,785,000 $255,000 $6,697 2.48%
SPRINGFIELD, MO (FHA|USDA|VA) 9 $1,775,000 $197,222 $3,971 2.85%
STOCKTON, CA (FHA|USDA|VA) 7 $1,765,000 $252,143 $6,096 2.75%
FORT COLLINS, CO (FHA|USDA|VA) 7 $1,755,000 $250,714 $4,125 3.09%
WINCHESTER, VA-WV (FHA|USDA|VA) 7 $1,745,000 $249,286 $5,956 2.84%
PHILADELPHIA, PA (FHA|USDA|VA) 8 $1,710,000 $213,750 $5,824 2.89%
MADISON, WI (FHA|USDA|VA) 9 $1,685,000 $187,222 $5,822 2.99%
LAS CRUCES, NM (FHA|USDA|VA) 7 $1,685,000 $240,714 $5,648 2.88%
BEND, OR (FHA|USDA|VA) 5 $1,665,000 $333,000 $9,142 2.90%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 9 $1,665,000 $185,000 $6,195 2.69%
DECATUR, AL (FHA|USDA|VA) 10 $1,650,000 $165,000 $4,783 3.10%
LINCOLN, NE (FHA|USDA|VA) 7 $1,635,000 $233,571 $6,029 2.82%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 9 $1,595,000 $177,222 $5,158 3.39%
BOULDER, CO (FHA|USDA|VA) 4 $1,570,000 $392,500 $8,634 2.78%
CORPUS CHRISTI, TX (FHA|USDA|VA) 7 $1,525,000 $217,857 $5,324 2.75%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 5 $1,515,000 $303,000 $8,900 2.85%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 7 $1,505,000 $215,000 $4,238 2.93%
MOBILE, AL (FHA|USDA|VA) 8 $1,500,000 $187,500 $3,934 2.87%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 10 $1,470,000 $147,000 $5,076 3.10%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $1,430,000 $238,333 $7,746 2.44%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 6 $1,400,000 $233,333 $6,534 3.19%
THE VILLAGES, FL (FHA|USDA|VA) 6 $1,400,000 $233,333 $6,755 2.63%
CHICO, CA (FHA|USDA|VA) 6 $1,400,000 $233,333 $5,568 2.56%
FORT SMITH, AR-OK (FHA|USDA|VA) 7 $1,375,000 $196,429 $3,955 3.16%
DOVER, DE (FHA|USDA|VA) 5 $1,375,000 $275,000 $6,883 2.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 8 $1,350,000 $168,750 $5,093 3.16%
JACKSONVILLE, NC (FHA|USDA|VA) 8 $1,340,000 $167,500 $5,344 2.92%
FLAGSTAFF, AZ (FHA|USDA|VA) 4 $1,310,000 $327,500 $9,191 2.56%
BILLINGS, MT (FHA|USDA|VA) 5 $1,305,000 $261,000 $7,387 2.53%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $1,300,000 $325,000 $12,431 3.34%
ST. GEORGE, UT (FHA|USDA|VA) 5 $1,245,000 $249,000 $6,099 3.03%
MISSOULA, MT (FHA|USDA|VA) 5 $1,245,000 $249,000 $8,253 2.73%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 5 $1,235,000 $247,000 $5,496 2.95%
MONROE, MI (FHA|USDA|VA) 6 $1,220,000 $203,333 $5,871 2.83%
DANVILLE, IL (FHA|USDA|VA) 8 $1,210,000 $151,250 $3,163 3.19%
NEW BERN, NC (FHA|USDA|VA) 6 $1,190,000 $198,333 $4,679 2.77%
SPRINGFIELD, MA (FHA|USDA|VA) 6 $1,180,000 $196,667 $5,968 2.77%
WACO, TX (FHA|USDA|VA) 6 $1,140,000 $190,000 $4,177 3.67%
MADERA, CA (FHA|USDA|VA) 4 $1,140,000 $285,000 $6,380 2.88%
YAKIMA, WA (FHA|USDA|VA) 6 $1,120,000 $186,667 $7,114 3.04%
FORT WAYNE, IN (FHA|USDA|VA) 4 $1,090,000 $272,500 $6,544 2.94%
CORVALLIS, OR (FHA|USDA|VA) 4 $1,080,000 $270,000 $7,301 2.72%
LAWTON, OK (FHA|USDA|VA) 4 $1,080,000 $270,000 $3,772 2.72%
CARSON CITY, NV (FHA|USDA|VA) 4 $1,070,000 $267,500 $5,224 2.53%
PUEBLO, CO (FHA|USDA|VA) 5 $1,055,000 $211,000 $5,299 2.88%
BLOOMINGTON, IN (FHA|USDA|VA) 6 $1,050,000 $175,000 $6,285 3.17%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $1,050,000 $262,500 $6,692 3.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 5 $1,045,000 $209,000 $5,726 3.03%
YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,045,000 $209,000 $9,011 2.72%
IDAHO FALLS, ID (FHA|USDA|VA) 3 $1,035,000 $345,000 $11,532 2.33%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $1,030,000 $257,500 $10,128 2.84%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $1,010,000 $252,500 $8,159 3.00%
SYRACUSE, NY (FHA|USDA|VA) 4 $1,000,000 $250,000 $5,540 3.03%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $995,000 $331,667 $6,818 3.42%
GRANTS PASS, OR (FHA|USDA|VA) 3 $995,000 $331,667 $5,775 2.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 4 $970,000 $242,500 $8,918 2.41%
CEDAR RAPIDS, IA (FHA|USDA|VA) 4 $970,000 $242,500 $7,377 3.56%
BANGOR, ME (FHA|USDA|VA) 3 $955,000 $318,333 $11,910 2.88%
YUBA CITY, CA (FHA|USDA|VA) 4 $950,000 $237,500 $6,970 2.75%
GOLDSBORO, NC (FHA|USDA|VA) 4 $950,000 $237,500 $6,166 2.41%
EAU CLAIRE, WI (FHA|USDA|VA) 4 $940,000 $235,000 $3,994 2.75%
FLINT, MI (FHA|USDA|VA) 5 $935,000 $187,000 $4,972 3.10%
LEWISTON, ID-WA (FHA|USDA|VA) 4 $930,000 $232,500 $5,808 2.66%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 5 $905,000 $181,000 $5,850 2.60%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $890,000 $222,500 $4,127 2.81%
MERCED, CA (FHA|USDA|VA) 4 $890,000 $222,500 $7,208 2.66%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 3 $885,000 $295,000 $4,853 2.58%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 6 $880,000 $146,667 $4,820 3.50%
HINESVILLE, GA (FHA|USDA|VA) 4 $880,000 $220,000 $4,061 2.91%
RAPID CITY, SD (FHA|USDA|VA) 4 $870,000 $217,500 $4,892 2.75%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 3 $835,000 $278,333 $2,045 2.96%
EL PASO, TX (FHA|USDA|VA) 4 $830,000 $207,500 $5,836 2.69%
REDDING, CA (FHA|USDA|VA) 4 $830,000 $207,500 $3,879 3.09%
SANTA FE, NM (FHA|USDA|VA) 3 $825,000 $275,000 $5,507 2.67%
JEFFERSON CITY, MO (FHA|USDA|VA) 6 $820,000 $136,667 $3,905 3.10%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 4 $820,000 $205,000 $9,495 2.81%
MUSKEGON, MI (FHA|USDA|VA) 4 $810,000 $202,500 $6,568 2.97%
TYLER, TX (FHA|USDA|VA) 3 $805,000 $268,333 $5,142 2.58%
HOT SPRINGS, AR (FHA|USDA|VA) 4 $790,000 $197,500 $4,464 2.97%
JOHNSON CITY, TN (FHA|USDA|VA) 4 $790,000 $197,500 $6,107 2.56%
MORRISTOWN, TN (FHA|USDA|VA) 4 $790,000 $197,500 $9,577 3.16%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $785,000 $261,667 $3,646 2.83%
BRUNSWICK, GA (FHA|USDA|VA) 4 $780,000 $195,000 $5,031 3.50%
CHEYENNE, WY (FHA|USDA|VA) 3 $745,000 $248,333 $5,594 2.67%
FARGO, ND-MN (FHA|USDA|VA) 4 $730,000 $182,500 $5,033 3.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $725,000 $241,667 $6,610 3.04%
WARNER ROBINS, GA (FHA|USDA|VA) 3 $715,000 $238,333 $5,128 2.96%
TUSCALOOSA, AL (FHA|USDA|VA) 4 $710,000 $177,500 $5,090 2.78%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 4 $710,000 $177,500 $10,288 3.06%
VISALIA, CA (FHA|USDA|VA) 3 $685,000 $228,333 $6,280 3.17%
ALEXANDRIA, LA (FHA|USDA|VA) 3 $685,000 $228,333 $5,002 2.50%
ALBANY, GA (FHA|USDA|VA) 3 $685,000 $228,333 $4,632 2.79%
IOWA CITY, IA (FHA|USDA|VA) 3 $675,000 $225,000 $6,407 2.42%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 4 $670,000 $167,500 $3,249 2.94%
DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) 3 $665,000 $221,667 $5,687 2.54%
POCATELLO, ID (FHA|USDA|VA) 2 $640,000 $320,000 $5,177 3.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $625,000 $208,333 $5,566 3.29%
FAIRBANKS, AK (FHA|USDA|VA) 3 $625,000 $208,333 $8,511 2.46%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 4 $620,000 $155,000 $6,384 3.72%
NILES, MI (FHA|USDA|VA) 2 $620,000 $310,000 $7,516 2.69%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $615,000 $205,000 $4,675 3.04%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $610,000 $305,000 $6,716 2.94%
ROCHESTER, NY (FHA|USDA|VA) 3 $605,000 $201,667 $5,384 3.42%
PEORIA, IL (FHA|USDA|VA) 2 $600,000 $300,000 $7,689 2.62%
SPRINGFIELD, OH (FHA|USDA|VA) 3 $595,000 $198,333 $7,420 3.04%
GAINESVILLE, FL (FHA|USDA|VA) 2 $590,000 $295,000 $4,490 2.56%
SEBASTIAN-VERO BEACH, FL (FHA|USDA|VA) 2 $580,000 $290,000 $3,792 3.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $555,000 $185,000 $7,281 2.50%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 3 $535,000 $178,333 $3,860 2.83%
LAKE CHARLES, LA (FHA|USDA|VA) 3 $535,000 $178,333 $5,313 3.08%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $530,000 $265,000 $6,411 2.31%
CASPER, WY (FHA|USDA|VA) 2 $520,000 $260,000 $5,508 2.50%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $520,000 $260,000 $13,128 3.31%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $515,000 $515,000 $4,024 2.88%
GRAND FORKS, ND-MN (FHA|USDA|VA) 3 $505,000 $168,333 $7,332 2.83%
ANN ARBOR, MI (FHA|USDA|VA) 2 $500,000 $250,000 $4,371 2.68%
JOPLIN, MO (FHA|USDA|VA) 2 $490,000 $245,000 $4,944 2.25%
BINGHAMTON, NY (FHA|USDA|VA) 2 $480,000 $240,000 $5,492 2.94%
WHEELING, WV-OH (FHA|USDA|VA) 3 $475,000 $158,333 $6,604 4.04%
YUMA, AZ (FHA|USDA|VA) 3 $475,000 $158,333 $6,695 2.83%
BAY CITY, MI (FHA|USDA|VA) 2 $470,000 $235,000 $3,846 2.88%
GRAND ISLAND, NE (FHA|USDA|VA) 2 $470,000 $235,000 $6,061 3.63%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $470,000 $235,000 $7,138 2.63%
ERIE, PA (FHA|USDA|VA) 2 $470,000 $235,000 $7,974 2.50%
STAUNTON, VA (FHA|USDA|VA) 1 $455,000 $455,000 $29,388 3.75%
HATTIESBURG, MS (FHA|USDA|VA) 3 $455,000 $151,667 $3,014 3.50%
JACKSON, TN (FHA|USDA|VA) 1 $445,000 $445,000 $3,878 3.99%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $440,000 $220,000 $3,815 2.56%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $440,000 $220,000 $10,194 2.69%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $430,000 $215,000 $4,265 2.50%
PINE BLUFF, AR (FHA|USDA|VA) 3 $425,000 $141,667 $5,151 3.79%
OWENSBORO, KY (FHA|USDA|VA) 3 $425,000 $141,667 $3,574 3.75%
BURLINGTON, NC (FHA|USDA|VA) 2 $420,000 $210,000 $4,015 2.75%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $420,000 $210,000 $2,937 3.19%
LAWRENCE, KS (FHA|USDA|VA) 2 $420,000 $210,000 $4,374 2.75%
ROCHESTER, MN (FHA|USDA|VA) 2 $410,000 $205,000 $4,791 2.63%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 2 $410,000 $205,000 $5,374 3.06%
WALLA WALLA, WA (FHA|USDA|VA) 1 $405,000 $405,000 $10,804 2.63%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $405,000 $405,000 $5,803 2.75%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $400,000 $200,000 $4,555 3.25%
TOPEKA, KS (FHA|USDA|VA) 2 $400,000 $200,000 $8,313 2.63%
APPLETON, WI (FHA|USDA|VA) 2 $390,000 $195,000 $3,035 2.75%
WILLIAMSPORT, PA (FHA|USDA|VA) 2 $390,000 $195,000 $3,999 2.56%
ROANOKE, VA (FHA|USDA|VA) 2 $380,000 $190,000 $4,834 2.31%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $380,000 $190,000 $5,640 2.88%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $380,000 $190,000 $5,686 2.50%
BELLINGHAM, WA (FHA|USDA|VA) 2 $380,000 $190,000 $7,185 3.94%
LAFAYETTE, LA (FHA|USDA|VA) 2 $370,000 $185,000 $8,295 2.88%
ST. CLOUD, MN (FHA|USDA|VA) 2 $360,000 $180,000 $6,771 2.69%
KOKOMO, IN (FHA|USDA|VA) 1 $355,000 $355,000 $2,740 3.00%
GREAT FALLS, MT (FHA|USDA|VA) 2 $350,000 $175,000 $5,766 3.31%
ROCKFORD, IL (FHA|USDA|VA) 2 $350,000 $175,000 $7,431 3.38%
GREEN BAY, WI (FHA|USDA|VA) 2 $350,000 $175,000 $11,259 2.56%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $350,000 $175,000 $5,631 2.75%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $340,000 $170,000 $4,752 2.44%
PITTSFIELD, MA (FHA|USDA|VA) 2 $340,000 $170,000 $8,504 2.94%
BISMARCK, ND (FHA|USDA|VA) 2 $340,000 $170,000 $7,262 3.13%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $335,000 $335,000 $3,859 2.75%
DULUTH, MN-WI (FHA|USDA|VA) 2 $320,000 $160,000 $5,105 2.75%
KANKAKEE, IL (FHA|USDA|VA) 1 $315,000 $315,000 $4,650 2.25%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $310,000 $155,000 $4,644 2.69%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $305,000 $305,000 $9,301 2.75%
GETTYSBURG, PA (FHA|USDA|VA) 1 $295,000 $295,000 $11,333 2.25%
LOGAN, UT-ID (FHA|USDA|VA) 1 $295,000 $295,000 $3,673 2.75%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $290,000 $145,000 $5,224 2.50%
RACINE, WI (FHA|USDA|VA) 2 $280,000 $140,000 $5,143 3.13%
WENATCHEE, WA (FHA|USDA|VA) 1 $275,000 $275,000 $8,390 3.00%
DOTHAN, AL (FHA|USDA|VA) 2 $270,000 $135,000 $3,846 3.00%
MIDLAND, MI (FHA|USDA|VA) 1 $265,000 $265,000 $2,684 2.75%
COLUMBUS, IN (FHA|USDA|VA) 1 $265,000 $265,000 $1,520 4.13%
JONESBORO, AR (FHA|USDA|VA) 1 $245,000 $245,000 $6,051 2.50%
EL CENTRO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,673 3.38%
GLENS FALLS, NY (FHA|USDA|VA) 2 $240,000 $120,000 $5,768 2.75%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $235,000 $235,000 $7,196 3.50%
LONGVIEW, TX (FHA|USDA|VA) 1 $235,000 $235,000 $1,585 2.75%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $230,000 $115,000 $5,161 2.94%
CHARLESTON, WV (FHA|USDA|VA) 1 $225,000 $225,000 $5,752 2.88%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $225,000 $225,000 $10,652 2.75%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $225,000 $225,000 $5,941 2.75%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $225,000 $225,000 $3,291 2.50%
GADSDEN, AL (FHA|USDA|VA) 1 $205,000 $205,000 $5,389 2.25%
GREENVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $12,555 2.50%
LEBANON, PA (FHA|USDA|VA) 1 $205,000 $205,000 $8,174 2.88%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $205,000 $205,000 $4,547 2.75%
AMES, IA (FHA|USDA|VA) 1 $185,000 $185,000 $4,620 2.25%
FOND DU LAC, WI (FHA|USDA|VA) 1 $185,000 $185,000 $7,012 3.13%
ALTOONA, PA (FHA|USDA|VA) 1 $185,000 $185,000 $7,810 2.88%
BECKLEY, WV (FHA|USDA|VA) 1 $185,000 $185,000 $3,096 3.50%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $185,000 $185,000 $4,243 2.25%
ABILENE, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,015 2.88%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $175,000 $175,000 $5,678 2.25%
KINGSTON, NY (FHA|USDA|VA) 1 $175,000 $175,000 $7,012 4.00%
MANHATTAN, KS (FHA|USDA|VA) 1 $175,000 $175,000 $8,066 3.13%
MANKATO, MN (FHA|USDA|VA) 1 $175,000 $175,000 $3,428 2.75%
UTICA-ROME, NY (FHA|USDA|VA) 1 $165,000 $165,000 $5,542 2.25%
DUBUQUE, IA (FHA|USDA|VA) 1 $165,000 $165,000 $5,761 2.25%
LIMA, OH (FHA|USDA|VA) 1 $165,000 $165,000 $2,027 2.25%
MONROE, LA (FHA|USDA|VA) 1 $165,000 $165,000 $6,721 2.63%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $155,000 $155,000 $6,286 2.75%
SAN ANGELO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,824 3.00%
LYNCHBURG, VA (FHA|USDA|VA) 1 $145,000 $145,000 $8,770 3.00%
MORGANTOWN, WV (FHA|USDA|VA) 1 $145,000 $145,000 $5,499 2.50%
TOLEDO, OH (FHA|USDA|VA) 1 $145,000 $145,000 $3,772 2.75%
LUBBOCK, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,181 4.13%
DECATUR, IL (FHA|USDA|VA) 1 $115,000 $115,000 $7,440 2.88%
CLEVELAND, TN (FHA|USDA|VA) 1 $105,000 $105,000 $1,575 2.38%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $95,000 $95,000 $3,204 3.63%
ROME, GA (FHA|USDA|VA) 1 $95,000 $95,000 $3,813 3.25%

Magnolia Bank's top markets include Louisville/jefferson County, Atlanta, Asheville, Washington, and Columbia among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 6,643 $1,496,015,000 $225,202 $3,978 3.21%
VA 3,722 $983,380,000 $264,207 $6,895 2.76%
FHA 1,163 $233,905,000 $201,122 $6,490 3.21%
USDA 732 $118,940,000 $162,486 $3,293 3.20%

For the 2020 period, Magnolia Bank's most frequently originated loan type of loans were Conventional, with 6,643 originations. Their 2nd most popular type is VA, with 3,722 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 5,171 $1,260,035,000 $243,673 $4,675 2.88%
Home Purchase 4,062 $846,790,000 $208,466 $3,998 3.27%
Cash Out Refi 2,959 $713,145,000 $241,009 $7,280 3.13%
Other 47 $8,215,000 $174,787 $4,081 3.44%
Home Improvement 21 $4,055,000 $193,095 $4,552 3.92%

For the 2020, Magnolia Bank's most frequently cited loan purpose of loans were Refi, with 5,171 originations. The 2nd most popular reason of loans were Home Purchase, with 4,062 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 10,444 $2,465,470,000 $236,066 $5,212 3.10%
15 Year 1,187 $227,985,000 $192,068 $3,734 2.83%
20 Year 350 $77,260,000 $220,743 $5,750 3.15%
Other 204 $48,670,000 $238,578 $5,411 2.86%
10 Year 68 $12,570,000 $184,853 $3,648 2.95%
5 Year 7 $285,000 $40,714 $0 5.76%

For the 2020, Magnolia Bank's most frequently cited loan length of loans were 30 Year, with 10,444 originations. The 2nd most popular length of loans were 15 Year, with 1,187 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 3,849 $805,425,000 $209,256
$1k-2k 2,943 $663,755,000 $225,537
$3k-4k 2,015 $472,205,000 $234,345
$5k+ 1,654 $527,330,000 $318,821
$2k-3k 1,518 $315,220,000 $207,655

$5,212 of loans were Magnolia Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 3,849 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 5,156 $1,127,390,000 $218,656
2.5-3% 4,631 $1,114,595,000 $240,681
<2.5% 1,967 $499,145,000 $253,760
4-5% 452 $81,420,000 $180,133
5-6% 43 $8,355,000 $194,302
7-8% 4 $160,000 $40,000
6-7% 1 $75,000 $75,000

During 2020, Magnolia Bank's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 3-4%, with 5,156 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 5,951 $1,611,105,000 $270,728 $5,635 2.99%
$100k-200k 4,721 $737,255,000 $156,165 $4,027 3.13%
$400k-600k 822 $380,120,000 $462,433 $7,733 2.99%
$100,000 or less 698 $55,050,000 $78,868 $2,789 3.50%
$600k-1MM 68 $48,710,000 $716,324 $17,475 2.87%

2020 saw Magnolia Bank place emphasis on $200k-400k loans with 5,951 originations, totaling $1,611,105,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 2,783 $552,145,000 $198,399 $5,195 3.20%
$100k-150k 2,061 $548,435,000 $266,101 $5,430 3.14%
$50k or less 1,994 $293,900,000 $147,392 $4,258 3.22%
$75k-100k 1,917 $444,045,000 $231,635 $5,122 3.16%
$150k-250k 960 $296,710,000 $309,073 $5,183 3.09%
$250k+ 263 $96,655,000 $367,510 $5,305 3.12%

Magnolia Bank lent most frequently to those with incomes in the $50k-75k range, with 2,783 originations. The second most popular income band? $100k-150k, with 2,061 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,402 $515,480,000 $214,604 $4,168 3.14%
30-36% 1,946 $432,620,000 $222,312 $4,573 3.17%
<20% 885 $183,315,000 $207,136 $3,477 3.05%
50-60% 414 $107,770,000 $260,314 $10,220 3.11%
44% 409 $94,165,000 $230,232 $5,657 3.30%
41% 376 $86,140,000 $229,096 $5,647 3.17%
43% 366 $84,830,000 $231,776 $5,179 3.23%
38% 363 $80,895,000 $222,851 $5,018 3.21%
40% 352 $78,850,000 $224,006 $5,240 3.19%
37% 347 $76,505,000 $220,476 $4,659 3.19%
42% 343 $77,115,000 $224,825 $5,305 3.23%
39% 333 $73,905,000 $221,937 $5,100 3.22%
36% 316 $70,250,000 $222,310 $5,039 3.19%
45% 241 $57,165,000 $237,199 $5,734 3.21%
49% 231 $58,195,000 $251,926 $8,770 3.16%
47% 221 $53,645,000 $242,738 $6,182 3.16%
46% 217 $49,335,000 $227,350 $5,432 3.20%
48% 198 $49,350,000 $249,242 $6,380 3.18%
>60% 3 $685,000 $228,333 $4,825 4.54%

Magnolia Bank lent most frequently to those with DTI ratios of 20-30%, with 2,402 originations. The next most common DTI ratio? 30-36%, with 1,946 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 10,242 $2,339,460,000 $228,418 $4,900 3.08%
Black 1,066 $263,580,000 $247,261 $6,421 2.99%
Not provided 668 $152,890,000 $228,877 $5,411 3.18%
Asian 210 $56,620,000 $269,619 $5,093 3.00%
American Indian 52 $13,180,000 $253,462 $6,922 2.85%
Native Hawaiian 15 $4,645,000 $309,667 $9,228 2.88%
Asian Indian 2 $650,000 $325,000 $5,444 3.06%
Other Asian 2 $610,000 $305,000 $11,909 3.25%
Not applicable 2 $400,000 $200,000 $0 4.38%
Japanese 1 $205,000 $205,000 $8,185 4.13%

Approval Rates

Total approvals of all applications
90.16%

Magnolia Bank has an average approval rate.

Pick Rate

Approvals leading to origination
32.60%

Magnolia Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 12,260 $2,832,240,000 $231,015

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 2 $490,000 $245,000
Single Family (1-4 Units):Manufactured 229 $35,025,000 $152,948
Single Family (1-4 Units):Site-Built 12,029 $2,796,725,000 $232,499

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 322 $51,020,000 $158,447 $3,791 3.04%
40-60% 1,244 $260,710,000 $209,574 $4,308 2.98%
60-80% 3,850 $908,260,000 $235,912 $4,936 3.11%
80-100% 6,305 $1,458,555,000 $231,333 $5,252 3.09%
Over 100% 514 $150,600,000 $292,996 $6,617 2.90%
Under 20% 24 $2,960,000 $123,333 $3,592 3.25%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Magnolia Bank 106 Lincoln Drive Hodgenville, KY 42748 Full Service B&M $30,507
Magnolia Bank 4910 South L And N Turnpike Magnolia, KY 42757 Full Service B&M $32,897
Magnolia Bank 651 West Dixie Avenue Elizabethtown, KY 42701 Full Service B&M $89,290
Magnolia Bank 794 Old Elizabethtown Road Hodgenville, KY 42748 Full Service B&M $147,995

For 2020, Magnolia Bank had 4 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $12,529
Net interest income $10,028
Total noninterest income $131,680
Gross Fiduciary activities income $0
Service charges on deposit accounts $322
Trading account gains and fees $0
Additional Noninterest Income $131,358
Pre-tax net operating income $47,666
Securities gains (or losses, -) $0
Income before extraordinary items $46,508
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $46,508
Minority interest net income $0
Net income $46,508
Sale, conversion, retirement of capital stock, net $0
Net operating income $46,508

Magnolia Bank's gross interest income from loans was $12,529,000.
Magnolia Bank's net interest income from loans was $10,028,000.
Magnolia Bank's fee based income from loans was $322,000.
Magnolia Bank's net income from loans was $46,508,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,501
Provision for credit losses $1,069
Total noninterest expense $92,973
Salaries and employee benefits $63,224
Premises and equipment expense $1,984
Additional noninterest expense $27,765
Applicable income taxes $1,158
Net charge-offs $84
Cash dividends $19,602

Magnolia Bank's interest expense for loans was $2,501,000.
Magnolia Bank's payroll and benefits expense were $63,224,000.
Magnolia Bank's property, plant and equipment expenses $1,984,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $431,183
Deposits held in domestic offices $431,183
Deposits by Individuals, partnerships, and corporations $403,808
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $18,833
Deposits by Commercial banks and other depository institutions in U.S. $8,542
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $102,918
Demand deposits $101,602
Nontransaction accounts $328,265
Money market deposit accounts (MMDAs) $33,823
Other savings deposits (excluding MMDAs) $18,669
Total time deposits $275,773
Total time and savings deposits $329,581
Noninterest-bearing deposits $36,414
Interest-bearing deposits $394,769
Retail deposits $214,636
IRAs and Keogh plan accounts $9,873
Brokered deposits $198,182
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $519,757
Cash & Balances due from depository institutions $15,017
Interest-bearing balances $8,981
Total securities $76,113
Federal funds sold & reverse repurchase $37,111
Net loans and leases $346,683
Loan and leases loss allowance $2,673
Trading account assets $0
Bank premises and fixed assets $7,323
Other real estate owned $0
Goodwill and other intangibles $9,525
All other assets $27,985

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $519,757
Total Liabilities $463,667
Total deposits $431,183
Interest-bearing deposits $394,769
Deposits held in domestic offices $431,183
% insured (estimated) $48
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $20,000
Subordinated debt $0
All other liabilities $12,484

Issued Loan Types

Type Value (in 000's)
Net loans and leases $346,683
Loan and leases loss allowance $2,673
Total loans and leases (domestic) $349,356
All real estate loans $285,933
Real estate loans in domestic offices $285,933
Construction and development loans $10,064
Residential 1-4 family construction $6,770
Other construction, all land development and other land $3,294
Loans secured by nonfarm nonresidential properties $44,062
Nonfarm nonresidential secured by owner-occupied properties $26,139
Commercial real estate & other non-farm, non-residential $17,923
Multifamily residential real estate $1,596
1-4 family residential loans $212,140
Farmland loans $18,071
Loans held in foreign offices $0
Farm loans $4,451
Commercial and industrial loans $18,959
To non-U.S. addressees $0
Loans to individuals $3,010
Credit card loans $0
Related Plans $143
Consumer Auto Loans $1,305
Other loans to individuals $1,562
All other loans & leases $37,003
Loans to foreign governments and official institutions $0
Other loans $3,994
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Magnolia Bank had $346,683,000 of loans outstanding in 2020. $285,933,000 of loans were in real estate loans. $10,064,000 of loans were in development loans. $1,596,000 of loans were in multifamily mortgage loans. $212,140,000 of loans were in 1-4 family mortgage loans. $4,451,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,305,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 120 $21,361 $178,008
Nonfarm, nonresidential loans - <$100k 30 $837 $27,900
Nonfarm, nonresidential loans - $100-250k 52 $6,208 $119,385
Nonfarm, nonresidential loans - $250k-1MM 38 $14,316 $376,737
Commercial & Industrial, US addressed loans - <$1MM 335 $13,230 $39,493
Commercial & Industrial, US addressed loans - <$100k 279 $5,591 $20,039
Commercial & Industrial, US addressed loans - $100-250k 41 $4,154 $101,317
Commercial & Industrial, US addressed loans - $250k-1MM 15 $3,485 $232,333
Farmland loans - <$1MM 119 $8,874 $74,571
Farmland loans - <$100k 69 $2,468 $35,768
Farmland loans - $100-250k 35 $3,460 $98,857
Farmland loans - $250k-1MM 15 $2,946 $196,400
Agriculture operations loans - <$1MM 131 $3,815 $29,122
Agriculture operations loans - <$100k 120 $2,009 $16,742
Agriculture operations loans - $100-250k 5 $348 $69,600
Agriculture operations loans - $250k-1MM 6 $1,458 $243,000