Marathon Bancorp, Inc. /MD/
For the period ended Jun 30, 2025. Filed Sep 26, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Sep 26, 2025
MBBC$14.18-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity
| | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · · Accumulated · · · | |||||||||||||||||||||
| · · · Common · · · · · Additional · · · · · Unearned · · Other · · · | |||||||||||||||||||||
| · · Stock · · Common · · Paid-in · · Retained · · ESOP · · Comprehensive · · · | |||||||||||||||||||||
| · Shares (1) · Stock · Capital · Earnings · Shares · Loss · Total | |||||||||||||||||||||
| Balance, July 1, 2023 | | | 2,961,812 | | $21,141 | | $7,252,506 | | $25,577,300 | | $(786,572) | | $(784,857) | | $31,279,518 | ||||||
| Cumulative effect adjustment for ASU 2016-13 Current Expected Credit Losses | | | — | | | — | | | — | | | 133,375 | | | — | | | — | | | 133,375 |
| Net loss | | | — | | | — | | | — | | | (186,994) | | | — | | | — | | | (186,994) |
| ESOP shares committed to be released (4,799 shares) | | | — | | | — | | | (1,023) | | | — | | | 34,959 | | | — | | | 33,936 |
| Stock based compensation | | | — | | | — | | | 159,100 | | | — | | | — | | | — | | | 159,100 |
| Other comprehensive income | | | — | | | — | | | — | | | — | | | — | | | 32,069 | | | 32,069 |
| Purchase of employee restricted shares to fund statutory tax withholdings (2,858 shares) | | | (2,858) | | | (21) | | | (22,573) | | — | | | — | | — | | (22,594) | |||
| Purchase and retirement of common stock shares (20,592 shares) | | | (20,592) | | | (150) | | | (133,476) | | | — | | | — | | | | | | (133,626) |
| Balance, June 30, 2024 | | | 2,938,362 | | | 20,970 | | | 7,254,534 | | | 25,523,681 | | | (751,613) | | | (752,788) | | | 31,294,784 |
| Corporate Reorganization: | | | | | | | | | | | | | | | | | | | | | |
| Conversion of Marathon Bancorp, Inc. (net of costs of $1.7 million) | | | 9,950 | | | 8,061 | | | 15,202,295 | | | — | | | — | | | — | | | 15,210,356 |
| Purchase of 1,354,720 shares by the ESOP | | | — | | | — | | | — | | | — | | | (1,354,720) | | | — | | | (1,354,720) |
| Contribution of Marathon Bancorp, Inc. Mutual Bancshares | | | — | | | — | | | 100,000 | | | — | | | — | | | — | | | 100,000 |
| Net income | | | — | | | — | | | — | | | 42,445 | | | — | | | — | | | 42,445 |
| ESOP shares committed to be released (6,473 shares) | | | — | | | — | | | 2,411 | | | — | | | 59,256 | | | — | | | 61,667 |
| Restricted stock forfeited (1,270 shares) | | | (1,270) | | | — | | | — | | | — | | | — | | | — | | | — |
| Exercise of stock options (1,749 shares) | | | 1,749 | | | 13 | | | 13,301 | | | — | | | — | | | — | | | 13,314 |
| Stock based compensation | | | — | | | — | | | 156,682 | | | — | | | — | | | — | | | 156,682 |
| Other comprehensive income | | | — | | | — | | | — | | | — | | | — | | | 266,858 | | | 266,858 |
| Purchase of employee restricted shares to fund statutory tax withholdings (3,229 shares) | | | (3,229) | | | (32) | | | (37,633) | | | — | | | — | | | — | | | (37,665) |
| Purchase and retirement of common stock shares (6,864 shares) | | | (6,864) | | | (50) | | $(44,450) | | | — | | | — | | | — | | | (44,500) | |
| Balance, June 30, 2025 | | | 2,938,698 | | $28,962 | | $22,647,140 | | $25,566,126 | | $(2,047,077) | $ | $(485,930) | | $45,709,221 | ||||||
| (1) | Share amounts related to periods prior to the April 21, 2025 closing of the conversion offering have been restated to give retroactive recognition to the 1.3728 exchange ratio applied in the conversion offering (see Note 1). |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.