# MAGNOLIA STATE BANK
BAY SPRINGS, MS · FDIC certificate 22081 · asset band $300M-1B · latest filing 2025-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $465.6M | |
| Deposits | $414.5M | |
| Loans and leases | $358.1M | |
| Total equity | $45.4M | |
| Loans / deposits | 85.63% (p60 of band) | 81.31% |
| Liquid assets / assets | 19.96% (p32 of band) | |
| Uninsured deposits / deposits | 28.61% (p63 of band) | 24.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p10 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.08% (p41 of band) | 10.49% |
| Unrealized securities loss / equity | -8.34% (p60 of band) | -12.52% |
| AOCI / equity | 2.54% (p64 of band) | |
| ROA (annualized) | -1.95% (p0 of band) | 1.11% |
| Net interest margin | 4.01% (p69 of band) | 3.64% |
| Efficiency ratio | 141.06% (p100 of band) | |
| Noncurrent loans | 0.19% (p35 of band) | 0.36% |
| Net charge-offs (annualized) | 0.09% (p85 of band) | |
| Reserve coverage of noncurrent | 476.93% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 88.93% (p79 of band) | |
| Auto loans | $8.7M (2.42% of loans; DQ 4.61%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -0.9% | |
| Employees | 88 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | construction >100% equity |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | capital falling |  |
| 2013-06 | 1 |  | capital falling |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | reserve under noncurrent |  |
| 2016-03 | 3 | capital falling |  |
| 2016-06 | 2 |  | capital falling |
| 2016-09 | 1 |  | reserve under noncurrent |
| 2016-12 | 2 | reserve under noncurrent |  |
| 2017-03 | 3 | capital falling, charge-offs p90 | reserve under noncurrent |
| 2017-06 | 2 | expense ratio p90 | construction >100% equity, charge-offs p90 |
| 2017-09 | 3 | construction >100% equity |  |
| 2017-12 | 1 |  | capital falling, expense ratio p90 |
| 2018-03 | 2 | charge-offs p90 |  |
| 2018-06 | 1 |  | construction >100% equity |
| 2018-09 | 1 | capital falling | charge-offs p90 |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | reserve under noncurrent |  |
| 2019-09 | 0 |  | capital falling, reserve under noncurrent |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | reserve under noncurrent |  |
| 2020-09 | 1 | capital falling | reserve under noncurrent |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 0 |  | capital falling |
| 2022-09 | 1 | AOCI drag >20% of equity |  |
| 2022-12 | 0 |  | AOCI drag >20% of equity |
| 2023-03 | 1 | construction >100% equity |  |
| 2023-06 | 3 | capital falling, charge-offs p90 |  |
| 2023-09 | 1 |  | construction >100% equity, capital falling |
| 2023-12 | 1 | construction >100% equity | charge-offs p90 |
| 2024-03 | 0 |  | construction >100% equity |
| 2024-06 | 1 | capital falling |  |
| 2024-09 | 0 |  | capital falling |
| 2024-12 | 0 |  |  |
| 2025-03 | 2 | losing money, expense ratio p90 |  |
| 2025-06 | 3 | capital falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-07-01 [BankFirst Capital Corporation Completes Acquisition of The Magnolia State Corporation and Magnolia State Bank - PR Newswire](https://news.google.com/rss/articles/CBMi-AFBVV95cUxOS3RxSmFMR1NZbUQyRW1aUUQxc2g1U0xqRkx2c2RrYTROZGpKLVVPV3p3Q3RfMm1FUVhZMXczcFdScE9wbmwtMUh0bWpqMUtzVmF5MkJOWGpsREkzNzViV1lXSENhZDBfdmFFbEdSVk9Wcm1tcHliamoxNW9tSE5feXhzT1VBZDk0d3kyVnlSeXE5Y3A5US15WkJVZHozX0pKY1p5TV9wang1MVJ2VzVPSkhoYTlLUTB0OFFLWjVIeXdjT2MxOGJBaVhjbDF2dm1BRnVVNWVKX2U1UFM2aGhmbjczWEF4SFhiSnM0c1hfR2JQSWowQlV5bw?oc=5) · PR Newswire
- 2026-02-24 [First State Bank welcomes Hurd and Skinner to Quitman branch - Laurel Leader-Call](https://news.google.com/rss/articles/CBMi2wFBVV95cUxQa3o1VHFhSUhfQUFEdWRJb0ZmWjdCN2VCdWtuUzJNN0pPQ1lZOHpxLWR3cHZfVTg0ZG11QkFON24zVGMtU2xCM01BS0tBSXdxX3ViOUt5UVBpNzhwVDdaVmEtaFZqOE5lTWJER2NVQlpHX2pCcFNkMUo3aUR1Z2hEUmpXNnRVRHNRT1ZuaURtSkZKV2hCRFd4UkczWlBmUEUzV3h0SUFITlAwdWVpRlZmT3NWVFI1ZzdsMXVEQ3BBTTJzelNPbmxfREdZNS1nbG54RTE2QnhQQi0tSVE?oc=5) · Laurel Leader-Call
- 2025-07-01 [$3.2 billion Mississippi bank merger now complete. What to know - The Clarion-Ledger](https://news.google.com/rss/articles/CBMiyAFBVV95cUxOLWpZYmhETzUtdEhBUTN3ZHNVc1RqY2MxUE45akMwY0ZrUHR3bmQwMG9LVUFTbldnQldoOS0zekVLRDdjTVNCYWRRcmg2N0NtZm5WVmxUUE1aR3BEZ1B2QWJyYUVGQ0Vtdm5yR2NNRUNTWlMxdDhDTjVaSk5RbTdDMi1CRS1WeHE1NE93aTVpckkzbEZkMWFMMHMzOVJXWHdLeEFTS25xR052RnM5RkF5SWw3clJmRDBXUnRRbndla3dZRTJxQmZqYQ?oc=5) · The Clarion-Ledger
- 2017-04-25 [Magnolia State Bank names Shows branch president - Hattiesburg American](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPWE1WOUhYQ2tIaDZqNXhvR0pRbjVXY2JLVGdxNXptdmx5amtEM0JJZF9vVFBIdEVBZlo1cmtYQVNLODVXNDA4S3JmN01zSXBoT1QtUC1xTnRQcnA3MkhfX3BwSG9WYlZMOEtvRkFGZ0QxVWJMWnBMaTVvbmVub0Zvb3Y5TU9nLWxwVjBnQjNPN0FQWmxYQWdiVzBMUUtobGVtWWQtQ1V5TVl1aUhjMzVJNVFpVzN6NnMyS2tvcDhuQW4?oc=5) · Hattiesburg American
- 2025-03-21 [BankFirst merges with Pine Belt-based Magnolia State Bank - WDAM-TV](https://news.google.com/rss/articles/CBMilAFBVV95cUxQbl9ucC1ZNEliY2FwZzBkUV9fbVBndkVJMHhtLXR0eWJLZWtGMVJleDFTNVhGb0ZvRU1BS3QzVjRWTkVNdnpMVF91Tm9tWW03OVJCZmVpUUdOTXRHWVlXNlkyM3ZZTUNRbkdiak52S25tT2R1SDFuN1I3VHptNU9yeDNJSjUza3hBekNOeTdiT1RRZWRW0gGoAUFVX3lxTFA4Rk9SQjQzczNCeC1BVFdSbkNRd2RfU18xREJZQjlWMGQxVmhuSVJPMVdiTk5GT1locGdXX1NwUE5KS2NuR1UxRzdneTNrVkJFcy16YjBtNjAzVEs4TzRXamRoRGRTR3NNUEJ2dHRpU2lwc3lpNXZaSHV6WHpyaDRfMDdKc3d0VjZwMmk0VUQza2dvN3pHS3BCY0V2VDhFRzFmTXF2V2tZMA?oc=5) · WDAM-TV
- 2017-05-18 [Kris Mangum Q&A - Carolina Panthers](https://news.google.com/rss/articles/CBMiZEFVX3lxTE81Q3dHalFIVjg5Q3g4Qy1SWFJCT0ZIdGFibkdQenA0emJHYUh2X3owZllUZ1JiWndtQ3kwbDFJUVlubTdGM0lDSHJYRXVxZHE0SWd0bk5MRVZGMmpxeGM3TUtJVV8?oc=5) · Carolina Panthers
- 2025-03-25 [BankFirst acquires Magnolia State Bank - Laurel Leader-Call](https://news.google.com/rss/articles/CBMivgFBVV95cUxONXBDbjdrd2hxSHl3MkJJM1A1bktLQXFLcHUxTDhFQ2NEd0VsaDZybWExcm8zOWJVY2U0Rld0V21EQUlvYzJOMXJoaXVFX2RpaDhISnM1S21pc1czbU9ORGZ0WG5wVjdaLU1FcHlmVzQtSjNpTWM2YkF3bUFIcHpWcDJybWNjdGlLNXRXZXFVNzlsejU2Smtha3VEbVpWRUJpX3puUkJKS05sY205RndraUdnT1VTSUJLWVRUZkVn?oc=5) · Laurel Leader-Call
- 2016-05-19 [Magnolia State Bank appoints Jones and Mosley to board - Hattiesburg American](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNbUNuTEg3NXlfcGR5MjZfT2NTczFQbUNIaXB6R0pIaTFHOEEzcVgzNVNncVZHamRxUWdLb3hjb3RtNmZiVEVwODgtVXk1NUVsYVZ0dF8wSzRVYmRCOXVpSzdRdU8wYWZNNGlhdjFKVHcxX2IyVUt1WF8zNjdIWWlLWTdLUDVpdEVhUHgxU3gyVnZYMzNZQlhxWFdyeUdIVFRPWjdLYmpVM1laUkxTenhoZXI2TGZoNXRyVjVaaXF0VUpKRE0?oc=5) · Hattiesburg American

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=22081 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/1.json (key "22081", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide