Magnolia Bancorp Inc

What Do They Do?

Makes fixed-rate residential mortgages and construction loans, and offers checking, savings and certificate-of-deposit accounts to local retail customers.

How Do They Make Money?

The bank earns interest from borrowers over the terms of their loans. It collects deposit-account charges and lending fees after transactions or services are provided.

FY2025 revenue

Who Are Their Customers?

Local retail customers use the branch network for deposits, and borrowers can deal directly with the bank about their loans. Most loan originations come from repeat customers and referrals, with others arriving through marketing, advertising, or walk-ins.

Do Revenues Turn Into Profits?

No. It lost $170K in FY2025.

Net income, FY2025

−2833% of revenue

▲ +70% (Loss) vs FY2024 (−$100K, −1111%)

Free cash flow, FY2025

−8100% of revenue

▲ +3% (Loss) vs FY2024 (−$470K, −5222%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −50%; vs $2K in Q2 FY2025
Net income: ▲ +81% (Loss); vs −$36K in Q2 FY2025

Aug 13, 2026 Chief financial officer resigns and senior roles are reassigned Michael L. Hurley becomes chief executive, and Robert W. Kimbro becomes chief financial officer when Donice Wagner departs.
Jun 1, 2026 Robert W. Kimbro becomes president and chief executive Michael L. Hurley relinquished those titles under a planned transition and became executive chair.

Shrinking. Revenue fell 25% in 2 years, from $8K in FY2023 to $6K in FY2025, about 13% a year.

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