Company: MGNO
Filing Date: 2025-01-03
Form Type: 10-Q/A
Source: 0000927089-25-000009
Chunk: 11

Company: Magnolia Bancorp, Inc.
Filing Date: 2025-01-03
Form: 10-Q/A
Chunk 11
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 |      |     - |     |      |     - |     |      |    50 |     |       |     64 |     |       |    326 |
| Current period gross write offs                                   |     |      |     - |     |      |     - |     |      |     - |     |      |     - |     |      |     - |     |       |      - |     |       |      - |
| All Loans                                                         |     |      |       |     |      |       |     |      |       |     |      |       |     |      |       |     |       |        |     |       |        |
| Pass/Watch                                                        |     |      | 1,377 |     |      | 5,581 |     |      | 5,430 |     |      | 4,764 |     |      | 1,771 |     |       | 13,082 |     |       | 32,005 |
| Special Mention                                                   |     |      |     - |     |      |     - |     |      |     - |     |      |     - |     |      |     - |     |       |      - |     |       |      - |
| Classified                                                        |     |      |     - |     |      |     - |     |      |     - |     |      |     - |     |      |     - |     |       |     34 |     |       |     34 |
| Total                                                             |     | $    | 1,377 |     | $    | 5,581 |     | $    | 5,430 |     | $    | 4,764 |     | $    | 1,771 |     | $     | 13,116 |     | $     | 32,039 |
| Current period gross write offs                                   |     | $    |     - |     | $    |     - |     | $    |     - |     | $    |     - |     | $    |     - |     | $     |      - |     | $     |      - |

<div align='center'>15</div>

2. Loans Receivable (continued)

Allowance for Credit Losses on Loans Receivable

The allowance for credit loss (loan losses) represents the estimated amount considered necessary to cover lifetime expected credit losses inherent in financial assets at the