Welcome to our dedicated page for Magnolia Bancorp SEC filings (Ticker: MGNO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Magnolia Bancorp, Inc. filings document its public-company reporting as the Louisiana parent company of Mutual Savings and Loan Association after the Association’s completed mutual-to-stock conversion. The record includes proxy materials for director elections and auditor ratification, Form 8-K disclosures on changes in the independent registered public accounting firm, executive officer appointments and employment-agreement matters, and Regulation FD disclosure for stock repurchase authorization and equity compensation plan funding. These filings also describe governance approvals, common-stock capital actions, and subsidiary relationship disclosures.
Magnolia Bancorp, Inc. reported a net loss of $69,000 for the three months ended March 31, 2026, wider than the $30,000 loss a year earlier. Total interest income was $390,000 and interest expense fell to $50,000, lifting net interest income to $340,000 as funding costs declined.
Total assets were $37.6 million, with loans receivable, net, of $30.4 million and deposits of $17.0 million. Credit quality remained stable, with nonaccrual loans of $135,000 and an allowance for credit losses of $185,000, covering all nonperforming loans. The association was categorized as well capitalized with very high regulatory capital ratios.
Noninterest expense increased to $417,000, driven by higher salaries and new stock-based compensation, and the company continues to carry a valuation allowance on deferred tax assets due to recent losses. Management disclosed a material weakness in internal controls over the allowance for credit losses, related to documentation of independent review, and is working to enhance controls. The board also repurchased 1,462 shares in the quarter under its authorized buyback program.
Magnolia Bancorp, Inc. is asking shareholders to vote at its annual meeting on May 28, 2026 in Metairie, Louisiana. Holders of common stock as of April 9, 2026, when 832,288 shares were outstanding, may vote one share per vote.
Shareholders will elect two directors for terms expiring in 2029 and ratify Mauldin & Jenkins, LLC as independent auditor for 2026. The board is staggered into three classes and includes independent directors who chair the audit, compensation, and nominating committees; the CEO also serves as chairman.
The proxy describes director fees of $550 monthly and 2025 equity grants of 1,667 restricted shares and 4,168 stock options to each non‑employee director, plus executive pay, retirement, and stock plans. An ESOP holding 66,700 shares (8.0% of common stock) is in place, and shareholders and ESOP participants receive detailed instructions on how to submit voting directions.
Magnolia Bancorp, Inc., holding company for Mutual Savings and Loan Association, completed its mutual-to-stock conversion and initial public offering in January 2025, issuing 833,750 shares for $8.3 million with net proceeds of about $6.9 million. At December 31, 2025, assets were $37.4 million, down 14.9% from 2024, as cash and deposits declined following the offering and runoff of higher-rate certificates of deposit.
Net loans were $30.7 million and the portfolio remained heavily concentrated in fixed-rate one-to-four family residential mortgages, including $22.7 million of bi-weekly loans that accelerate principal repayment. Non-performing assets were low at $136,000, or 0.4% of total assets, and the allowance for credit losses was $185,000, or 0.6% of total loans.
The company recorded a net loss of approximately $170,000 in 2025 as public-company and compensation costs rose faster than net interest income. Deposits fell 42.9% to $16.8 million, largely due to offering-related withdrawals, while Magnolia maintains strong regulatory capital and emerging growth company status with a focused community banking strategy in Jefferson and St. Tammany Parishes.
Magnolia Bancorp, Inc. Employee Stock Ownership Plan Trust reports beneficial ownership of 8.0% of common stock, holding 66,700 shares as of December 31, 2025. The filing cites 833,750 shares issued and outstanding as of that date. The Trust holds 64,476.67 shares with sole voting and dispositive power and 2,223.33 shares with shared voting and dispositive power that are committed for allocation to participants. The Plan Trustee is Jason L. Manson, who signed the amendment and disclaims beneficial ownership under Rule 13d-4.
Magnolia Bancorp, Inc. has decided not to re-hire EisnerAmper LLP as its independent registered public accounting firm for calendar 2026, although EisnerAmper will complete the audit of the 2025 consolidated financial statements. The change was approved by the Audit Committee of the Board of Directors.
EisnerAmper’s prior reports on the Association’s 2023 and 2024 financial statements did not contain adverse or disclaimed opinions and were not qualified for uncertainty, scope, or accounting principles. The filing states there were no disagreements or reportable events with EisnerAmper, other than previously disclosed material weaknesses in internal control over financial reporting as of December 31, 2024 and 2023.
The company has selected Mauldin & Jenkins, LLC to serve as independent auditor for the year ending December 31, 2026, with the appointment becoming effective after completion of client acceptance procedures and an engagement letter. The filing includes a letter from EisnerAmper to the SEC confirming its position.
Magnolia Bancorp, Inc. announced that its board approved the company’s first stock repurchase program, authorizing the buyback of up to 33,350 shares, which equals 4.0% of its outstanding common stock. Repurchases may occur from time to time in open market or privately negotiated transactions and are scheduled to begin on January 15, 2026, following the one-year anniversary of the mutual-to-stock conversion of its subsidiary, Mutual Savings and Loan Association.
The company plans to use the repurchased shares to fund its 2025 Recognition and Retention Plan and Trust Agreement. Under this plan, the compensation committee granted share awards covering 16,280 shares of common stock on November 20, 2025, with the first vesting date on November 20, 2026. Magnolia Bancorp also entered into a Rule 10b5-1 trading plan with Keefe, Bruyette & Woods, Inc., which will conduct open market purchases in accordance with Rule 10b-18 under the Securities Exchange Act.
Magnolia Bancorp, Inc. (MGNO) reported an insider stock grant to its EVP, Secretary and CFO, Donice L. Wagner, on a Form 4. On November 20, 2025, Wagner received 1,000 shares of Magnolia Bancorp common stock at a stated price of $0, recorded as an acquisition of non-derivative securities held directly.
The filing explains that these 1,000 shares were granted under the company’s 2025 Recognition and Retention Plan and Trust Agreement and are scheduled to vest 20% per year starting on November 20, 2026. Following this grant, Wagner is shown as beneficially owning 1,000 common shares directly.
Magnolia Bancorp, Inc. (MGNO) reported an equity grant to director Jason L. Manson on a Form 4. On November 20, 2025, he received 1,667 shares of common stock under the company’s 2025 Recognition and Retention Plan, which vest 20% per year starting November 20, 2026. He also received a stock option for 4,168 shares of common stock at an exercise price of $11.19 per share, vesting 20% per year beginning November 20, 2026 and expiring November 20, 2035. Following these transactions, he holds 1,667 shares directly, 5,000 shares indirectly through an IRA, and 4,168 options.
Magnolia Bancorp, Inc. (MGNO) reported an equity award grant to a director. On November 20, 2025, the reporting person received 1,667 shares of Magnolia Bancorp common stock at a price of $0, issued under the company’s 2025 Recognition and Retention Plan. After this grant, the director beneficially owned 6,667 common shares directly.
The same day, the director was also granted a stock option to buy 4,168 shares of common stock at an exercise price of $11.19 per share. These options are exercisable from November 20, 2026 and expire on November 20, 2035. Both the restricted shares and the options vest in 20% increments per year starting November 20, 2026, tying the director’s compensation to the company’s long-term performance.