For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Net interest income after provision for credit losses | - | 1,068 | ||
| Service charges on deposit accounts | 6 | 9 | ||
| Rental income | - | 24 | ||
| Other income | 28 | 2 | ||
| Total noninterest income | 34 | 35 | ||
| Interest and fees on loans | 1,354 | 1,337 | ||
| Other | 222 | 102 | ||
| Total interest income | 1,576 | - | ||
| Deposits | 240 | 364 | ||
| Dividends from federal home loan bank stock | - | 19 | ||
| Advances | 0 | 26 | ||
| Total interest and dividend income | - | 1,458 | ||
| Total interest expense | 240 | 390 | ||
| Net interest income | 1,336 | 1,068 | ||
| Other general and administrative | - | 16 | ||
| Salaries and employee benefits | 805 | 767 | ||
| Occupancy and equipment | 125 | 204 | ||
| Data processing | 126 | 97 | ||
| Audit and regulatory examination fees | 215 | 78 | ||
| General insurance | 88 | - | ||
| Legal fees | 61 | - | ||
| Advertising | 24 | 3 | ||
| Automobile depreciation and expense | 25 | 24 | ||
| Correspondent charges | 18 | 41 | ||
| Other expenses | 74 | - | ||
| Total noninterest expense | 1,561 | 1,230 | ||
| Loss before income taxes | -191 | -127 | ||
| Income tax benefit | -21 | -27 | ||
| Net loss | -170 | -100 | ||
| Basic EPS | -22 | - | ||
| Basic Average Shares | 768,996 | - | ||
Magnolia Bancorp, Inc. (MGNO)
Magnolia Bancorp, Inc. (MGNO)