Quarterly ResultAug 11, 2026, 12:16 PM
Magnolia Bancorp Q2 Net Loss $(65)k; Assets, Deposits Decline
AI Summary
Magnolia Bancorp reported a net loss of $(65) thousand for Q2 2026, an increase from $(36) thousand in Q2 2025, with year-to-date net loss reaching $(134) thousand. Total assets decreased to $35,936 thousand from $37,396 thousand at year-end 2025, and total deposits also declined to $15,324 thousand. The company experienced increased noninterest expenses and a decrease in total stockholders' equity.
Key Highlights
- Net loss for Q2 2026 was $(65) thousand, an increase from $(36) thousand in Q2 2025.
- Year-to-date net loss for 2026 was $(134) thousand, compared to $(66) thousand in 2025.
- Total assets decreased to $35,936 thousand as of June 30, 2026, from $37,396 thousand at Dec 31, 2025.
- Total deposits declined to $15,324 thousand from $16,852 thousand over the same period.
- Total stockholders' equity decreased to $19,886 thousand from $19,996 thousand.
- Loans receivable, net, decreased to $30,072 thousand from $30,719 thousand.
- Noninterest expenses increased to $410 thousand in Q2 2026 from $386 thousand in Q2 2025.
- Allowance for credit losses remained stable at $185 thousand.
Price Impact
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