An MR imaging system uses the multiple RF coils for acquiring corresponding multiple image data sets of the slice. An image data processor comprises at least one processing device conditioned for, generating a composite MR image data set representing a single image in a single non-iterative operation by performing a weighted combination of luminance representative data of individual corresponding pixels of the multiple image data sets in providing an individual pixel luminance value of the composite MR image data set. The image data processor reduces noise in the composite MR image data set by generating a reduced set of significant components in a predetermined transform domain representation of data representing the composite image to provide a de-noised composite MR image data set. An image generator comprises at least one processing device conditioned for, generating a composite MR image using the de-noised composite MR image data set.