Magnolia Bancorp Q2 net loss widens 80.56% to $65,000; revenue slips 1.8% to $389,000

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnolia Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000927089-26-000145), on August 11, 2026, and is solely responsible for the information contained therein.