Call reports 2024
MAGNOLIA BANK, INC — 2024
What MAGNOLIA BANK, INC reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 507,846,000 | 508,598,000 | 491,800,000 | 480,403,000 |
| Total loans | 332,872,000 | 367,519,000 | 353,314,000 | 377,460,000 |
| Allowance for loan losses | 4,572,000 | 5,043,000 | 5,464,000 | 5,886,000 |
| Securities available for sale | 112,563,000 | 112,004,000 | 111,050,000 | 79,138,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 413,063,000 | 389,404,000 | 376,497,000 | 401,508,000 |
| Interest-bearing deposits | 363,494,000 | 339,660,000 | 326,844,000 | 359,522,000 |
| Noninterest-bearing deposits | 49,569,000 | 49,744,000 | 49,653,000 | 41,986,000 |
| Equity capital | 46,382,000 | 48,785,000 | 51,117,000 | 49,914,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 6,394,000 | 13,637,000 | 20,590,000 | 27,750,000 |
| Interest expense | 2,662,000 | 5,531,000 | 9,145,000 | 12,310,000 |
| Net interest income | 3,732,000 | 8,106,000 | 11,445,000 | 15,440,000 |
| Noninterest income | 13,846,000 | 26,563,000 | 39,947,000 | 52,794,000 |
| Noninterest expense | 12,365,000 | 26,558,000 | 41,706,000 | 57,634,000 |
| Provision for loan losses | 340,000 | 816,000 | 1,228,000 | 1,675,000 |
| Pretax income | 3,931,000 | 6,229,000 | 7,593,000 | 5,184,000 |
| Income tax | 44,000 | 150,000 | 507,000 | 776,000 |
| Net income | 3,887,000 | 6,079,000 | 7,086,000 | 4,408,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,856,000 | 57,047,000 | 56,554,000 | 53,877,000 |