This institution is no longer active

Operations ceased on July 1, 2025. CRA examination history below reflects the period it was active.

MAGNOLIA STATE BANK

BAY SPRINGS, MS · Supervised by FDIC

Est. 1975FDIC #22,081RSSD: FDIC-22081

Part ofMAGNOLIA STATE CORP THE→ View all charters

Satisfactory Same

Current rating · Exam: October 2022

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -1.95%

Is this bank safe?

MAGNOLIA STATE BANK holds a Satisfactory CRA rating (2022), shows financial metrics that merit closer review (ROA -1.95%). Consumers may want to review the details below before banking here.

Institution Profile

FDIC BankFind

Address

28 Highway 528, BAY SPRINGS, MS

County

Jasper County

Established

August 4, 1975

Total Assets

$466M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

October 1, 2022

Exam Type

Intermediate Small Bank

Regulator

FDIC

What is a CRA rating? →

Estimated next exam:Oct 2026(based on asset size)

Financial Snapshot

As of Q2 2025Call Report / FDIC

Total Assets

$466M

Total Deposits

$415M

Net Loans

$355M

Net Income

$-4,560K

ROA

-1.95%

Below avg for Small banks. Peer avg: 0.44%

ROE

-19.07%

Risk-Based Capital

15.01%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA-1.95%Peer avg: 0.44%▼ Below avg

Risk-Based Capital15.01%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate4.71%Peer avg: 6.90%▼ Fewer than avg

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Branch Footprint

FDIC SOD 2025

Total Branches

Branch Deposits

$415M

1-Year Change

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	276	88.41%	4.71%
2020	311	91.64%	2.89%
2019	187	90.37%	3.21%
2018	200	96%	0.50%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Oct 2022	Satisfactory	Intermediate Small Bank
Aug 2019	Satisfactory	Intermediate Small Bank
Aug 2016	Satisfactory	Small Bank

6 previous ratings locked — back to 1993

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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