Magnolia Bancorp, Inc. filed a Form 10-Q with the U.S. Securities and Exchange Commission on November 6, 2026, reporting unaudited financial results for the quarterly and nine-month periods ended September 30, 2026.

Key Highlights

  • Net loss of $189,000 for the nine months ended September 30, 2026, compared to a net loss of $114,000 for the same period in 2025, according to the filing.
  • Third-quarter net loss of $55,000 for the three months ended September 30, 2026, versus a net loss of $48,000 in the prior-year quarter.
  • Total assets of $35,811,000 as of September 30, 2026, down from $37,396,000 at December 31, 2025.
  • Total deposits declined to $15,161,000 at September 30, 2026, from $16,852,000 at December 31, 2025.
  • 832,288 shares of common stock outstanding as of November 3, 2026, following the repurchase of 1,462 shares during the nine-month period.
  • Loss per share of $(.25) basic and diluted for the nine months ended September 30, 2026, compared to $(.15) for the same period in 2025.
  • Total stockholders' equity of $19,796,000 at September 30, 2026, down from $19,996,000 at December 31, 2025.

Magnolia Bancorp's Financial Condition and Operating Results: Nine Months Through September 2026

According to the filing, Magnolia Bancorp, Inc., a Louisiana-incorporated holding company headquartered at 2900 Clearview Parkway, Metairie, Louisiana, reported a net loss of $189,000 for the nine months ended September 30, 2026, compared to a net loss of $114,000 for the same period in 2025. The company's loss per share, basic and diluted, was $(.25) for the nine-month period, versus $(.15) a year earlier. The weighted average shares outstanding for the nine months were 769,186.

The filing disclosed that total interest income for the nine months ended September 30, 2026, was $1,167,000, slightly below $1,184,000 for the comparable 2025 period. Net interest income rose to $1,020,000 from $994,000 year over year. Total noninterest expense for the nine-month period increased to $1,229,000 from $1,162,000, with salaries and employee benefits rising to $686,000 from $585,000. The provision for credit losses was $0 for both periods. The allowance for credit losses stood at $185,000 at both September 30, 2026, and December 31, 2025.

Cash and cash equivalents fell to $2,601,000 at the end of the nine-month period from $4,513,000 at the start, reflecting net cash used in financing activities of $1,515,000 and net cash used in investing activities of $551,000, partially offset by net cash provided by operating activities of $154,000, the filing stated. The company also disclosed the purchase of stock to fund the 2025 Recognition and Retention Plan for $55,000 and payments to repurchase common stock totaling $17,000 during the nine-month period. Loans receivable, net, grew to $31,269,000 from $30,719,000 at December 31, 2025. The filing identified the registrant as a smaller reporting company and an emerging growth company.

What Was Disclosed

Magnolia Bancorp, Inc. filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing a nine-month net loss of $189,000, reduced total assets of $35,811,000, declining deposits, and 832,288 common shares outstanding as of November 3, 2026.