The bank maintains a conservative capital position with an equity-to-assets ratio of 0.19, though this is heavily skewed by a $216.2 million investment securities portfolio that dominates the $249.0 million total asset base.
| Cash & Short Term Investments | 6.1B | 4.34M | 9.78M | 14.96M | 14.98M | 14.96M | 20.56M | 2.61M |
| Cash & Due from Banks | 2.34M | 2.48M | 3.18M | 6.03M | 4.36M | 4.05M | 5.56M | 2.61M |
| Short Term Investments | 3.99B | 1.86M | 6.61M | 8.92M | 10.62M | 10.91M | 15.01M | 0 |
| Total Investments | 216.16M | 206.48M | 190.56M | 207.15M | 196.78M | 155.79M | 134.77M | 1.41M |
| Investments Growth % | 52.98% | 8.35% | -8.01% | 5.27% | 26.31% | 15.6% | 9488.05% | - |
| Long-Term Investments | 846.43M | 204.62M | 183.96M | 198.23M | 186.16M | 144.88M | 119.76M | 1.41M |
| Accounts Receivables | 712.79K | 667.69K | 597.77K | 612.72K | 565.93K | 552.52K | 499.74K | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 225.14K |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 225.14K |
| PP&E (Net) | 3.62M | 3.88M | 4.09M | 2.13M | 1.68M | 1.85M | 1.97M | 1.85M |
| Other Assets | 27.35M | 25.32M | 20.29M | 22.36M | 16.54M | 51.12M | 27.16M | 143.96M |
| Total Current Assets | 2.81M | 5.01M | 10.38M | 15.57M | 15.55M | 15.51M | 21.06M | 4.3M |
| Total Non-Current Assets | 246.21M | 233.82M | 208.91M | 223.21M | 204.95M | 198.11M | 149.59M | 148.48M |
| Total Assets | 249.02M | 238.83M | 219.3M | 238.78M | 220.5M | 213.63M | 170.65M | 152.77M |
| Asset Growth % | 41.54% | 8.91% | -8.16% | 8.29% | 3.22% | 25.18% | 11.7% | - |
| Return on Assets (ROA) | 0.45% | 0.02% | -0.08% | 0.73% | 0.61% | 0.71% | 0.26% | 0.87% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 24.35M | 15M | 13M | 8M | 0 | 10.37M | 14.37M | 0 |
| Net Debt | 22.01M | 12.52M | 9.82M | 1.97M | -4.36M | 6.32M | 8.82M | -2.61M |
| Long-Term Debt | 24M | 15M | 13M | 8M | 0 | 0 | 8M | 0 |
| Short-Term Debt | 32.14K | 0 | 0 | 0 | 0 | 10.37M | 6.37M | 0 |
| Other Liabilities | 177.13M | 2.88M | 2.02M | 2.24M | 1.18M | 1.45M | 1.48M | 97.46M |
| Total Current Liabilities | 32.14K | 175.24M | 172.98M | 197.25M | 188.1M | 182.33M | 140.39M | 35.01M |
| Total Non-Current Liabilities | 201.46M | 17.88M | 15.02M | 10.24M | 1.18M | 1.45M | 9.48M | 97.62M |
| Total Liabilities | 201.49M | 193.13M | 188M | 207.5M | 189.28M | 183.78M | 149.87M | 132.64M |
| Total Equity | 47.54M | 45.71M | 31.29M | 31.28M | 31.22M | 29.85M | 20.78M | 20.14M |
| Equity Growth % | 189.31% | 46.06% | 0.05% | 0.18% | 4.61% | 43.63% | 3.19% | - |
| Equity / Assets (Capital Ratio) | 19.09% | 19.14% | 14.27% | 13.1% | 14.16% | 13.97% | 12.18% | 13.18% |
| Return on Equity (ROE) | 2.36% | 0.11% | -0.6% | 5.35% | 4.37% | 5.42% | 2.04% | 6.62% |
| Book Value per Share | 17.32 | 16.54 | 21.04 | 20.33 | 19.98 | 19.13 | 12.80 | 8.46 |
| Tangible BV per Share | 17.32 | 16.54 | 21.04 | 20.33 | 19.98 | 19.13 | 12.80 | 8.37 |
| Common Stock | 29.08K | 28.96K | 20.97K | 21.14K | 22.3K | 22.3K | 0 | 0 |
| Additional Paid-in Capital | 22.89M | 22.65M | 7.25M | 7.25M | 8.49M | 8.48M | 0 | 0 |
| Retained Earnings | 27M | 25.57M | 25.52M | 25.58M | 23.91M | 22.09M | 20.72M | 20.3M |
| Accumulated OCI | -403.22K | -485.93K | -752.79K | -784.86K | -369.03K | 120.67K | 66.72K | -157.95K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High Securities Concentration
As reported in recent financial statements, Marathon Bancorp's total assets grew to $249.0 million by 2026Q3, yet this expansion appears primarily driven by a $216.2 million investment securities portfolio rather than organic loan growth, suggesting a cautious approach to credit deployment in the current regional economic environment.
The bank's reliance on securities rather than loans indicates a potential lack of local lending opportunities or a deliberate strategy to maintain liquidity over higher-yielding credit risk. This asset mix suggests that the bank is functioning more as a securities-heavy institution than a traditional commercial lender, which may limit long-term margin expansion.
Based on the latest quarterly data, the equity-to-assets ratio has remained stable at 0.19 throughout 2026, indicating that Marathon Bancorp maintains a solid capital buffer relative to its asset base, which may provide necessary protection against potential volatility in its large securities portfolio.
While the capital position appears adequate, the lack of significant leverage suggests that management is prioritizing solvency over aggressive growth. Investors should monitor whether this capital base is sufficient to support future expansion or if it remains trapped in low-yielding assets that fail to generate meaningful returns on equity.
According to balance sheet figures, the bank holds $216.2 million in investment securities against only $2.3 million in cash and cash equivalents, highlighting a significant reliance on the marketability of its securities portfolio to meet potential liquidity needs rather than holding core cash reserves.
This concentration in securities exposes the bank to interest rate risk and potential unrealized losses that could impact tangible book value if market conditions deteriorate. The limited cash position suggests that the bank's liquidity is inherently tied to the performance and duration of its investment holdings.
Analysis of the balance sheet reveals that the overwhelming majority of assets are tied up in investment securities, which may indicate a duration mismatch that warrants further investigation, especially given the bank's thin net interest margin of 0.8% reported in 2026Q3.
The bank's heavy investment in securities rather than loans suggests that it may be highly sensitive to interest rate fluctuations, which could compress margins further if funding costs rise. This structural reliance on securities rather than a diversified loan book represents a non-obvious risk that could undermine the bank's stability in a volatile rate environment.
Quick answers to the most common questions about buying MBBC stock.
As of 2025, Marathon Bancorp, Inc. (MBBC) had total assets of $238.8M including $5.0M in current assets.
Marathon Bancorp, Inc. (MBBC) carries total debt of $15.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Marathon Bancorp, Inc. (MBBC) has total shareholders' equity (book value) of $45.7M ($16.54 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Marathon Bancorp, Inc. (MBBC) reported a current ratio of 0.03x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.