Company: MGNO
Filing Date: 2025-01-03
Form Type: 10-Q/A
Source: 0000927089-25-000009
Chunk: 13

Company: Magnolia Bancorp, Inc.
Filing Date: 2025-01-03
Form: 10-Q/A
Chunk 13
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   |  9,530,217 |
|                         |     | Total |                                    |   |     | $ | 20,358,626 |     | $ | 20,856,098 |

<div align='center'>17</div>

3. Deposits (continued)

Time Deposits

At September 30, 2024and December 31, 2023,the scheduled maturities of time deposits were as follows:

| Period of Maturity    |     | 2024   
 Amount |            |     | Percentage of Total |        |   |     | 2023   
 Amount |           |     | Percentage of Total |        |   |
|:----------------------|:----|:-------|-----------:|:----|:--------------------|-------:|:--|:----|:-------|----------:|:----|:--------------------|-------:|:--|
| Within 12 months      |     | $      |  9,668,698 |     |                     |  94.76 | % |     | $      | 6,986,923 |     |                     |  73.31 | % |
| 13 months - 24 months |     |        |    480,829 |     |                     |   4.71 | % |     |        | 2,434,595 |     |                     |  25.55 | % |
| 25 months - 36 months |     |        |     44,464 |     |                     |   0.44 | % |     |        |   104,134 |     |                     |   1.09 | % |
| 37 months - 48 months |     |        |      1,004 |     |                     |   0.01 | % |     |        |     4,565 |     |                     |   0.05 | % |
| 49 months - 60 months |     |        |      8,709 |     |                     |   0.08 | % |     |        |         - |     |                     |      - |   |
| Total                 |     | $      | 10,203,704 |     |                     | 100.00 | % |     | $      | 9,530,217 |     |                     | 100.00 | % |

Deposits with Related Parties and Concentrations

During the normal