MGNO: the balance sheet

MyFinsight

For the year ending 2025-12-31, MGNO has $37,396K in assets. $17,400K in debts.

Balance Sheets	2025-12-31
Cash and due from banks	4,513
Loans receivable	30,904
Less allowance for credit losses	185
Loans receivable, net	30,719
Accrued interest receivable	66
Property and equipment, gross	2,585
Less accumulated depreciation	1,088
Property and equipment, net	1,497
Federal home loan bank stock, at cost	367
Other assets	234
Total assets	37,396

Interest-bearing deposits	15,193
Noninterest-bearing deposits	1,659
Advance payments by borrowers for insurance and taxes	485
Accrued expense and other liabilities	63
Total liabilities	17,400
Preferred stock, .01 par value - 2,000,000 shares authorized, none issued	0
Common stock, .01 par value - 6,000,000 shares authorized 833,750 issued and outstanding at december 31, 2025	8
Additional paid-in capital	6,887
Unearned esop compensation- 64,476 shares	645
Retained earnings	13,746
Total stockholders' equity	19,996
Total liabilities and stockholders' equity	37,396

Unit: Thousand (K) dollars (except for numbers of shares and EPS).