Magnolia Bancorp is the holding company for Mutual Savings and Loan Association, a small community savings institution serving Jefferson and St. Tammany Parishes in Louisiana — suburban communities outside New Orleans. Mutual Savings operates out of two offices and focuses almost exclusively on fixed-rate residential mortgage loans for one-to-four family homes, which make up roughly 93% of the total loan portfolio. A distinctive product is Mutual Savings' bi-weekly mortgage program, where borrowers make payments every two weeks rather than monthly, which accelerates principal paydown and shortens effective loan duration relative to a standard 30-year mortgage. Mutual Savings funds its lending through retail deposits — savings accounts, checking accounts, and CDs — gathered through its branch network and a passive CD listing service. The business model is a traditional savings institution spread model: earn interest on loans and investment assets, pay interest on deposits, and keep the net interest margin. With a predominantly fixed-rate portfolio, asset yields are largely locked in at origination. Mutual Savings keeps costs low with just eight employees and two offices, and does not offer mobile, online, or telephone banking. The institution relies on long-standing customer relationships and referrals rather than large-scale marketing. Mutual Savings converted from a mutual savings and loan association to stock form in January 2025, forming Magnolia Bancorp as the holding company via an IPO that raised roughly $8.3M in gross proceeds.