Magnolia Bancorp Inc (OTCQB: MGNO) is a community banking holding company that operates through its subsidiary, Mutual Savings and Loan Association, originating residential real estate loans and accepting deposits. The company earns money primarily through net interest income, the spread between interest earned on loans and interest paid on deposits, supplemented by non-interest income from rental income and service charges on deposit accounts. Net interest income rose 25.1% to $1,336,000 for the year ended December 31, 2025, up from $1,068,000 for the year ended December 31, 2024. The loan portfolio is concentrated in residential real estate, which represented 97.8% of total loans as of December 31, 2025. Total certificates of deposit stood at $4.8 million as of December 31, 2025, with 79.7% scheduled to mature within 12 months. Common stock had 833,750 shares outstanding held by approximately 35 shareholders of record as of January 16, 2026. The company has not declared any dividends on common stock.

Revenue model

Net interest income from the spread between interest earned on loans receivable and FHLB stock plus other interest-earning assets, and interest paid on savings accounts, NOW accounts, and certificates of deposit. Non-interest income includes rental income and service charges and fees on deposit accounts.

Products and services

Residential real estate loans (97.8% of total loans as of December 31, 2025), commercial real estate loans (1.5% of total loans as of December 31, 2025), deposit accounts including savings accounts, NOW accounts, and certificates of deposit.

Customers and end markets

Retail deposit customers and residential real estate borrowers. Extensions of credit also made to directors, officers, and employees for primary residences and other purposes on market terms.

Value-chain role

Community savings and loan association accepting retail deposits and originating residential mortgage loans. Operates under federal and state banking regulations including the Home Mortgage Disclosure Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, and Right to Financial Privacy Act. Disclosed material weaknesses in internal controls over financial reporting as of the 10-K filed 2026-03-16.

Source: SEC 10-K, filed 2026-03-16

Industry: Savings Institution, Federally Chartered