Financial insights of MGNO

MyFinsight

For the quarter ending 2025-09-30, MGNO made $822,000 in revenue. -$48,000 in net income. Net profit margin of -5.84%.

Unit: Dollar

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Interest and fees on loans	340,000	334,000	331,000	334,250
Other	38,000	62,000	75,000	25,500
Total interest income	378,000	396,000	-	-
Deposits	47,000	62,000	81,000	91,000
Dividends from federal home loan bank stock	-	-	4,000	4,750
Advances	0	0	-	6,500
Total interest and dividend income	-	-	410,000	364,500
Total interest expense	47,000	62,000	81,000	97,500
Net interest income	331,000	334,000	329,000	267,000
Net interest income after provision for credit losses	-	-	329,000	267,000
Service charges on deposit accounts	1,000	2,000	2,000	2,250
Rental income	-	-	7,000	6,000
Other income	8,000	6,000	-	500
Total noninterest income	9,000	8,000	9,000	8,750
Other general and administrative	-	-	33,000	4,000
Salaries and employee benefits	210,000	187,000	188,000	191,750
Occupancy and equipment	31,000	33,000	54,000	51,000
Data processing	34,000	29,000	21,000	24,250
Audit and regulatory examination fees	41,000	67,000	59,000	19,500
General insurance	24,000	23,000	-	-
Legal fees	16,000	11,000	-	-
Advertising	4,000	17,000	1,000	750
Automobile depreciation and expense	6,000	6,000	7,000	6,000
Correspondent charges	4,000	4,000	13,000	10,250
Other expenses	30,000	9,000	-	-
Total noninterest expense	400,000	386,000	376,000	307,500
Loss before income taxes	-60,000	-44,000	-38,000	-31,750
Income tax benefit	-12,000	-8,000	-8,000	-6,750
Net loss	-48,000	-36,000	-30,000	-25,000

Loss per share - basic and diluted (in dollars per share)	-6	-5	-0.04	-
Weighted average shares (in shares)	768,440	767,884	767,328	-