Every 10-Q that MAGNOLIA BANCORP INC (MGNO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MGNO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGNO filings page.
Magnolia Bancorp, Inc. reported continued operating losses for the quarter and six months ended June 30, 2026 while maintaining very strong capital levels. Total assets declined 3.9% to $35.9 million, driven mainly by a $1.5 million decrease in deposits and modest loan runoff; loans receivable, net fell 2.1% to $30.1 million.
For the quarter, Magnolia recorded a net loss of $65,000, versus a $36,000 loss a year earlier; the six‑month net loss widened to $134,000 from $66,000. Net interest income improved modestly to $340,000 for the quarter and $680,000 year‑to‑date, as the interest rate spread and net interest margin expanded with lower certificate of deposit costs. Noninterest expense rose to $410,000 for the quarter and $827,000 year‑to‑date, primarily from higher salaries, benefits, and stock‑based compensation following the mutual‑to‑stock conversion and public‑company transition.
Asset quality metrics remained strong: nonaccrual loans totaled $67,000, and the allowance for credit losses of $185,000 covered 276% of nonperforming assets, with no charge‑offs recorded. The Association’s regulatory capital ratios were very high, and it was categorized as well capitalized. However, management disclosed a material weakness in internal controls over the allowance for credit losses and has recorded a valuation allowance against deferred tax assets due to recent losses.
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. reported a net loss of $48,000 for the quarter ended September 30, 2025 and a year‑to‑date net loss of $114,000. Net interest income rose to $331,000 for the quarter as the net interest margin improved to 3.80% from 3.09% a year ago, driven by lower funding costs and the roll‑off of higher‑rate certificates of deposit.
Total assets were $36.1 million, down from $44.0 million at December 31, 2024, mainly from a $7.0 million decline in cash and cash equivalents to $2.9 million. Loans receivable, net, increased to $31.3 million. Deposits fell to $15.2 million, reflecting stock‑conversion related outflows and term CD maturities. Stockholders’ equity increased to $20.0 million on offering proceeds, and the Association remained well capitalized with a Total risk‑based capital ratio of 97.43%. Nonperforming loans were $72,000 and the allowance for credit losses was $185,000. Common shares outstanding were 833,750 as of November 10, 2025; ESOP unearned shares totaled 65,032.