Marathon Bancorp Inc MD
For the period ended Jun 30, 2024. Filed Sep 26, 2024.
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FY2024 · Filed Sep 26, 2024
MBBC$14.47-2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| | | | | | | |
|---|---|---|---|---|---|---|
| · · June 30, | ||||||
| | 2024 | 2023 | ||||
| Assets | | | | | | |
| Cash and due from banks | | $2,977,438 | | $2,272,088 | ||
| Federal funds sold | | 7,495,000 | | 9,503,000 | ||
| Cash and cash equivalents | | 10,472,438 | | 11,775,088 | ||
| Interest bearing deposits held in other financial institutions | | 199,888 | | 3,762,139 | ||
| Debt securities available for sale | | 6,606,761 | | 8,921,715 | ||
| Debt securities held to maturity, at amortized cost (fair value $394,081 and $378,046) | | 510,276 | | 516,089 | ||
| Loans, net of allowance of $1,797,116 and $2,158,590, respectively | | 183,447,633 | | 197,713,756 | ||
| Interest receivable | | 597,768 | | 612,724 | ||
| Foreclosed assets (OREO), net | | 1,397,460 | | 2,334,560 | ||
| Investment in restricted stock, at cost | | 1,329,413 | | 770,273 | ||
| Cash surrender value life insurance | | 8,972,785 | | 8,724,198 | ||
| Premises and equipment, net | | 4,085,752 | | 2,128,392 | ||
| Deferred tax asset | | 580,340 | | 486,916 | ||
| Other assets | | 1,033,499 | | 1,032,749 | ||
| Total assets | | $219,234,013 | | $238,778,599 | ||
| Liabilities and Stockholders' Equity | | | | | | |
| Liabilities | | | | | | |
| Deposits | | | | | | |
| Non-interest bearing | | $25,936,461 | | $26,180,842 | ||
| Interest bearing | | 147,044,293 | | 171,073,464 | ||
| Federal Home Loan Bank (FHLB) advances | | 13,000,000 | | 8,000,000 | ||
| Other liabilities | | 1,958,475 | | 2,244,775 | ||
| Total liabilities | | 187,939,229 | | 207,499,081 | ||
| 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, 2,140,412 and 2,157,497 | | | | | | |
| shares issued and outstanding at June 30, 2024 and 2023 | | | 20,970 | | | 21,141 |
| Additional paid-in capital | | | 7,254,534 | | | 7,252,506 |
| Retained earnings | | 25,523,681 | | 25,577,300 | ||
| Unearned ESOP shares, at cost | | | (751,613) | | | (786,572) |
| Accumulated other comprehensive loss | | (752,788) | | (784,857) | ||
| Total stockholders' equity | | 31,294,784 | | 31,279,518 | ||
| Total liabilities and stockholders' equity | | $219,234,013 | | $238,778,599 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.