Marathon Bancorp, Inc. /MD/
For the period ended Jun 30, 2025. Filed Sep 26, 2025.
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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.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · June 30, | ||||||
| | 2025 | 2024 | ||||
| Operating Activities | | | | | | |
| Net income (loss) | | $42,445 | | $(186,994) | ||
| Adjustments to reconcile net income (loss) to net cash from operating activities: | | | | | | |
| Depreciation | | | 295,003 | | | 244,904 |
| Provision for (recovery of) credit losses | | | (93,833) | | | (190,000) |
| Provision for valuation allowance on foreclosed assets (OREO), net | | | 378,767 | | | 937,100 |
| Amortization of deferred loan fees | | | (51,859) | | | (41,552) |
| ESOP expense | | | 61,667 | | | 33,936 |
| Stock based compensation | | | 156,682 | | | 159,100 |
| Net amortization of discounts and premiums on debt securities | | | 45,702 | | | 73,654 |
| Net gain on sale of loans | | | (148,203) | | | (174,553) |
| Net change in deferred taxes | | | (12,761) | | | (138,356) |
| Earnings on cash value of life insurance | | | (269,888) | | | (248,587) |
| Decrease (Increase) in interest receivable | | | (69,918) | | | 14,956 |
| Originations of loans held for sale | | | (5,907,284) | | | (4,392,500) |
| Proceeds from loans held for sale | | | 6,055,487 | | | 4,567,053 |
| Net change in operating leases | | | 1,209 | | | 2,406 |
| Net change in other assets | | | 27,067 | | | (750) |
| Net change in other liabilities | | | 938,228 | | | (243,264) |
| Net Cash from Operating Activities | | | 1,448,511 | | | 416,553 |
| Investing Activities | | | | | ||
| Net change in interest-bearing deposits in other financial institutions | | | (37,359) | | | 3,562,251 |
| Proceeds from maturities and repayments of debt securities available for sale | | | 1,703,945 | | | 2,288,068 |
| Proceeds from maturities and calls of debt securities held to maturity | | | 32,768 | | | 11,594 |
| Net increase in restricted stock | | | — | | | (559,140) |
| Net change in loans | | | (17,202,381) | | | 14,672,675 |
| Purchases of property and equipment | | | (179,043) | | | (2,264,879) |
| Cash received from MHC in Conversion | | | 100,000 | | | — |
| Net Cash provided by (used in) Investing Activities | | | (15,582,070) | | | 17,710,569 |
| Financing Activities | | | | | ||
| Net cash proceeds from common stock offering | | | 15,210,356 | | | — |
| Exercise of stock options | | | 13,314 | | | |
| Purchase of ESOP shares | | | (1,354,720) | | | — |
| Net change in deposits | | | 2,260,072 | | | (24,273,552) |
| Borrowings of FHLB advances | | | 5,000,000 | | | 5,000,000 |
| Repayments of FHLB advances | | | (3,000,000) | | | — |
| Purchase and retirement of common stock | | | (82,165) | | | (156,220) |
| Net Cash provided by (used in) Financing Activities | | | 18,046,857 | | | (19,429,772) |
| Net Change in Cash and Cash Equivalents | | | 3,913,298 | | | (1,302,650) |
| Cash and Cash Equivalents, Beginning of Year | | | 10,472,438 | | | 11,775,088 |
| Cash and Cash Equivalents, End of Year | | $14,385,736 | | $10,472,438 | ||
| Supplemental Disclosure of Cash Flow Information | | | | | ||
| Cash payments for | | | | | ||
| Interest | | $3,524,678 | | $3,378,226 | ||
| Taxes | | | — | | | 261,000 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | | | | | ||
| Right of use assets obtained in exchange for new operating leases | | | — | | | 47,570 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.