Marathon Bancorp, Inc. /MD/
For the period ended Jun 30, 2026. Filed Sep 16, 2026.
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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.
FY2026 · Filed Sep 16, 2026
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, | ||||||
| · · 2026 · · 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 | | | | | | |
| Cash payments for | | | | | | |
| Interest | | $3,698,761 | | $3,524,678 | ||
| Taxes | | | 450,000 | | | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.