Magnolia Bancorp Q2 net loss widens 80.56% to $65,000; revenue slips 1.8% to $389,000 - MGNO News | RalliesMagnolia Bancorp Q2 net loss widens 80.56% to $65,000; revenue slips 1.8% to $389,000
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MGNO• Quarterly results
- Magnolia Bancorp posted a net loss of $65,000 for the quarter ended June 30, 2026, widening from a $36,000 loss a year earlier.
- Net interest income rose 1.8% to $340,000 as net interest margin widened 19 basis points to 3.91%.
- Interest income slipped 1.8% to $389,000, while interest expense fell 21% to $49,000.
- Noninterest expense increased 6.2% to $410,000, driven by higher salaries and employee benefits.
- Total assets fell 3.9% to $35.9 million at June 30, 2026, while deposits dropped 9.1% to $15.3 million.
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