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MGNO on OTC

Magnolia Bancorp, Inc.

Magnolia Bancorp, Inc. is a savings institution company, listed on OTC (MGNO).1 It is headquartered in Metairie, Louisiana.1

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Last updated Oct 21, 2026.

Overview

Compare with Kentucky First Federal Bancorp, Western New England Bancorp, Inc. or Broadway Federal Bank, or pick any stock.

  • TickerMGNO on OTC1
  • IndustrySavings Institution, Federally Chartered1
  • HeadquartersMetairie, Louisiana1
  • Business address2900 Clearview Parkway, Metairie, La 700062
  • Filer category, Emerging growth company2

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Magnolia Bancorp, Inc. (“Magnolia Bancorp” or the “Company”) was incorporated by Mutual Savings and Loan Association (“Mutual Savings” or the “Association”) in May 2024 as part of the conversion of Mutual Savings from the mutual to the stock form of organization (the “Conversion”). The Conversion was completed on January 14, 2025, at which time the Company acquired all of the issued and outstanding shares of common stock of the Association and the Association became a wholly owned subsidiary of Magnolia Bancorp. Concurrently with consummation of the Conversion, the Company completed its initial public offering and issued 833,750 shares of its common stock for an aggregate of $8.3 million. Total net proceeds from the offering were approximately $6.9 million (including shares issued to the Company’s employee stock ownership plan (“ESOP”)). The Company contributed 50% of the net proceeds fr…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-2833.3%Net margin4
-33.3%Revenue growth, 20254
-0.9%Return on equity4
-$486.0KFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax100¢$21.0K

Out of $6.0K in revenue.4 The company lost money this year.

Financial statements

Revenue54$6.0K in 2025−25% since 2023
0$2.5K$5.0K$7.5K$10.0K2023: $8.0K$8.0K20232024: $9.0K$9.0K2024+12%2025: $6.0K$6.0K2025−33%
Net income54-$170.0K in 2025
-$200.0K-$100.0K0$100.0K2023: $86.0K$86.0K20232024: -$100.0K-$100.0K20242025: -$170.0K-$170.0K2025+70%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Interest and fees on loans$1.4M$1.3M
Other$222.0K$121.0K
Total interest income$1.6M$1.5M
Deposits$240.0K$364.0K
Advances$0$26.0K
Total interest expense$240.0K$390.0K
Net interest income$1.3M$1.1M
Provision for credit losses$0$0
Net interest income after provision for credit losses$1.3M$1.1M
Service charges on deposit accounts$6.0K$9.0K
Other income$28.0K$26.0K
Total noninterest income$34.0K$35.0K
Salaries and employee benefits$805.0K$767.0K
Occupancy and equipment$125.0K$140.0K
Data processing$126.0K$109.0K
Audit and regulatory examination fees$215.0K$78.0K
General insurance$88.0K$54.0K
Legal fees$61.0K$0
Advertising$24.0K$3.0K
Automobile depreciation and expense$25.0K$24.0K
Correspondent charges$18.0K$18.0K
Other expenses$74.0K$37.0K
Total noninterest expense$1.6M$1.2M
Loss before income taxes-$191.0K-$127.0K
Income tax benefit-$21.0K-$27.0K
Net Loss-$170.0K-$100.0K
Loss per share - basic and diluted (in dollars per share)-$22.00$0.00
Weighted average shares (in shares)769.0K shares0 shares

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Corporate structure

Magnolia Bancorp, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Magnolia Bancorp, Inc.

  • Magnolia Bancorp, Inc. Metairie, Louisiana

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Magnolia Bancorp, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.6M4 Dec 31, 2025$3.1M4 Dec 31, 2024−17.0%
Accumulated depreciation$1.1M4 Dec 31, 2025$1.6M4 Dec 31, 2024−32.3%
Property and equipment, net$1.5M4 Dec 31, 2025$1.5M4 Dec 31, 2024−0.6%

Investments

ItemLatestA year beforeChange
Loans, net of allowance$30.7M4 Dec 31, 2025$30.6M4 Dec 31, 2024+0.3%
Deposits held (banks)$16.9M4 Dec 31, 2025$29.5M4 Dec 31, 2024−42.9%

Properties, in its own words

We conduct business from our main office and one full-service branch office. We own the land and the building for each location.

Item 2 of the 10-K filed Mar 16, 2026.3

Leadership

Who has led Magnolia Bancorp, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael L. Hurley2025–now

Chair

  1. Michael L. Hurley2025–now

President

  1. Michael L. Hurley2025–now

Chief financial officer

  1. Anita C. Cambre2025
  2. Donice L. Wagner2025–now
Board members and other officers (5)

Timeline

  1. Aug 13, 20268-K Executive or director change15
  2. Jun 1, 20268-K Executive or director change; Shareholder vote; Regulation FD disclosure16
  3. Jan 28, 20268-K Change of auditor17
  4. Dec 9, 20258-K Regulation FD disclosure18
  5. Sep 19, 20258-K Executive or director change; Shareholder vote19
  6. Jul 29, 20258-K Bylaws or fiscal year changed; Other events20
  7. Jan 14, 2025New chief executive Michael L. Hurley becomes CEO8
  8. Jan 14, 20258-K Other events21
  9. Jan 13, 20258-K Other events22
  10. Dec 23, 20248-K Other events23

Filings

53 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 9 major events, 15 insider forms, 2 large holders, 18 other. The latest 20:

  1. Aug 24, 20264 EDGAR
  2. Aug 13, 20268-K EDGAR
  3. Aug 11, 202610-Q EDGAR
  4. Jun 2, 20263 EDGAR
  5. Jun 1, 20268-K EDGAR
  6. May 12, 202610-Q EDGAR
  7. Apr 23, 2026ARS EDGAR
  8. Apr 23, 2026DEF 14A EDGAR
  9. Mar 19, 2026S-8 EDGAR
  10. Mar 16, 202610-K EDGAR
  11. Mar 6, 2026SCHEDULE 13G/A EDGAR
  12. Jan 28, 20268-K EDGAR
  13. Dec 9, 20258-K EDGAR
  14. Nov 21, 20254 EDGAR
  15. Nov 21, 20254 EDGAR
  16. Nov 21, 20254 EDGAR
  17. Nov 21, 20254 EDGAR
  18. Nov 21, 20254 EDGAR
  19. Nov 21, 20254 EDGAR
  20. Nov 10, 202510-Q EDGAR

The 53 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026Hurley Michael L.Executive Chair & CEOSale4,000$13.71$54.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Magnolia Bancorp, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMagnolia Bancorp, Inc.1
  • CIK0002033615
  • Employer ID (EIN)99-29134483
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inLouisiana3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6035 Savings Institution, Federally Chartered1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address2900 Clearview Parkway, Metairie, LA 700061
  • Phone504-455-24441
  • Shares outstanding832,288 as of Aug 4, 20267
  • Public float$8.4M as of Dec 31, 20253
  • AuditorEISNERAMPER LLP, Metairie, Louisiana PCAOB ID 274; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceAug 27, 20241
  • Filings53 in all: 8-K (9), 3 (8), 4 (7), 10-Q (6), CORRESP (5), S-1/A (3), 10-K (2), ARS (2)1
    All 18 form types

    DEF 14A (2), 10-Q/A (1), 424B3 (1), 8-A12G (1), EFFECT (1), S-1 (1), S-8 (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 16, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Proxy statement (DEF 14A) Apr 23, 2026
    Latest 8-K (8-K) Aug 13, 2026

Risk factors and legal proceedings

Legal proceedings

Magnolia Bancorp is not involved in any legal proceedings except nonmaterial litigation incidental to the ordinary course of business.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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