$MBBC

Marathon Bancorp, Inc. /MD/

CIK:0001835385|SEC Filings

Consolidated Statements of Income - USD ($)	12 Months Ended
Consolidated Statements of Income - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Interest Income
Loans, including fees	$ 11,082,152	$ 8,648,835
Debt securities	150,721	168,587
Other	668,489	733,458
Total interest income	11,901,362	9,550,880
Interest Expense:
Deposits	2,985,416	3,039,593
Borrowings and other	710,834	468,706
Total interest expense	3,696,250	3,508,299
Net Interest Income	8,205,112	6,042,581
Provision for (Recovery of) Credit Losses	35,456	(93,833)
Net Interest Income After Provision for (Recovery of) Credit Losses	8,169,656	6,136,414
Non-Interest Income:
Service charges on deposit accounts	122,940	114,155
Mortgage banking income	299,126	291,416
Increase in cash surrender value of life insurance	284,308	269,888
Other non-interest income	121,645	73,461
Total non-interest income	828,019	748,920
Non-Interest Expenses:
Salaries and employee benefits	3,885,513	3,645,754
Occupancy and equipment expenses	890,974	915,109
Data processing and office	315,123	450,058
Professional fees	855,545	700,730
Marketing expenses	69,927	42,183
FDIC insurance premiums	105,619	95,799
Directors fees	108,235	108,235
Foreclosed assets, net	56,450	429,128
Other non-interest expenses	578,160	487,448
Total non-interest expenses	6,865,546	6,874,444
Income Before Provision for (Benefit From) Income Taxes	2,132,129	10,890
Provision For (Benefit From) Income Taxes	340,958	(31,555)
Net Income	$ 1,791,171	$ 42,445
Net income per common share-basic	$ 0.67	$ 0.02
Net income per common share-diluted	$ 0.66	$ 0.02
Weighted average number of common shares outstanding-basic	2,692,265	2,763,875
Weighted average number of common shares outstanding-diluted	2,729,129	2,763,875

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net income	$ 1,791,171	$ 42,445
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	286,389	295,003
Provision for (recovery of) credit losses	35,456	(93,833)
Provision for valuation allowance on foreclosed assets (OREO), net		378,767
Amortization of deferred loan fees	(90,112)	(51,859)
ESOP expense	141,752	61,667
Stock based compensation	161,181	156,682
Net amortization of discounts and premiums on debt securities	3,220	45,702
Net gain on sale of loans	(143,483)	(148,203)
Net change in deferred taxes	(81,538)	(12,761)
Earnings on life insurance	(284,308)	(269,888)
Increase in interest receivable	(70,186)	(69,918)
Originations of loans held for sale	(5,000,734)	(5,907,284)
Proceeds from loans held for sale	5,144,217	6,055,487
Net change in operating leases	234	1,209
Net change in other assets	18,194	27,067
Net change in other liabilities	540,885	938,228
Net Cash from Operating Activities	2,452,338	1,448,511
Investing Activities:
Net change in interest-bearing deposits in other financial institutions	82,533	(37,359)
Proceeds from maturities and repayments of debt securities available for sale	1,365,615	1,703,945
Proceeds from maturities and calls of debt securities held to maturity	38,357	32,768
Net increase in restricted stock	(145,883)
Net change in loans	(16,537,216)	(17,202,381)
Purchases of premises and equipment	(432,203)	(179,043)
Cash received from MHC in Conversion		100,000
Net Cash used in Investing Activities	(15,628,797)	(15,582,070)
Financing Activities:
Net cash proceeds from common stock offering		15,210,356
Exercise of stock options	209,050	13,314
Purchase of ESOP shares		(1,354,720)
Net change in deposits	14,519,782	2,260,072
Borrowings of FHLB advances	5,000,000	5,000,000
Repayments of FHLB advances		(3,000,000)
Purchase and retirement of common stock	(123,636)	(82,165)
Net Cash provided by Financing Activities	19,605,196	18,046,857
Net Change in Cash and Cash Equivalents	6,428,737	3,913,298
Cash and Cash Equivalents, Beginning of Year	14,385,736	10,472,438
Cash and Cash Equivalents, End of Year	20,814,473	14,385,736
Supplemental Disclosure of Cash Flow Information
Interest	3,698,761	$ 3,524,678
Taxes	$ 450,000

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Assets
Cash and due from banks	$ 2,991,473	$ 2,242,736
Federal funds sold	17,823,000	12,143,000
Cash and cash equivalents	20,814,473	14,385,736
Interest bearing deposits held in other financial institutions	154,714	237,247
Debt securities available for sale, at fair value	3,922,364	5,201,279
Debt securities held to maturity, at amortized cost (fair value $350,947 and $373,568)	451,269	483,787
Loans, net of allowance of $1,746,371 and $1,708,269, respectively	217,389,034	200,795,706
Accrued interest receivable	737,872	667,686
Foreclosed assets (OREO), net	996,373	996,373
Investment in restricted stock, at cost	1,475,296	1,329,413
Cash surrender value life insurance	9,526,981	9,242,673
Premises and equipment, net	3,914,458	3,883,537
Other assets	1,647,406	1,611,363
Total assets	261,030,240	238,834,800
Deposits
Non-interest bearing	22,162,777	22,466,092
Interest bearing	167,597,831	152,774,734
Federal Home Loan Bank (FHLB) advances	20,000,000	15,000,000
Other liabilities	3,312,435	2,884,753
Total liabilities	213,073,043	193,125,579
Commitments and Contingent Liabilities (See note 18)
Stockholders' Equity:
Preferred stock, $.01 par value, 5,000,000 shares authorized, none issued
Common stock, $.01 par value, 20,000,000 shares authorized, 3,014,207 and 2,938,698 outstanding shares issued and outstanding at June 30, 2026 and 2025	29,164	28,962
Additional paid-in capital	22,951,727	22,647,140
Retained earnings	27,357,297	25,566,126
Unearned ESOP shares, at cost	(1,963,519)	(2,047,077)
Accumulated other comprehensive loss	(417,472)	(485,930)
Total stockholders' equity	47,957,197	45,709,221
Total liabilities and stockholders' equity	$ 261,030,240	$ 238,834,800