MBBCHIGH SIGNALFINANCIAL10-K

MBBC completed a major conversion from mutual holding company to stock holding company structure in April 2025, eliminating the mutual holding company and raising $16.9M through a public stock offering at $10.00 per share.

This represents a fundamental transformation of the company's ownership structure, converting from a mutual organization owned by depositors to a fully public company. The conversion provided significant capital infusion and likely enhanced the company's ability to raise future capital and pursue growth strategies, while giving existing public shareholders a 37% premium through the exchange ratio.

Comparing 2025-09-26 vs 2024-09-26View on EDGAR →
FINANCIAL ANALYSIS

The company showed strong operational improvement with operating cash flow surging 248% to $1.4M and swinging from a $187K loss to $42K profit, demonstrating enhanced profitability. However, interest expense more than doubled to $2.3M, reflecting the challenging rate environment, while capital expenditures dropped 92% suggesting reduced investment activity. The 46% increase in stockholders' equity to $45.7M reflects the successful capital raise from the conversion, significantly strengthening the balance sheet.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+247.7%
$417K→$1.4M

Operating cash flow surged 247.7% — exceptional cash generation, highest quality earnings signal.

Interest Expense
P&L
+140.4%
$948K→$2.3M

Interest expense surged 140.4% — significant debt increase or rising rates materially impacting earnings.

Net Income
P&L
+122.7%
-$187K→$42K

Net income grew 122.7% — bottom-line growth signals improving overall business health.

Capital Expenditure
Cash Flow
-92.1%
$2.3M→$179K

Capex reduced 92.1% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Share Buybacks
Cash Flow
-47.4%
$156K→$82K

Buyback activity reduced 47.4% — capital being redeployed elsewhere or cash conservation underway.

Stockholders Equity
Balance Sheet
+46.1%
$31.3M→$45.7M

Equity base grew 46.1% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2025-09-26
PRIOR — 2024-09-26
ADDED
As of September 25, 2025, there were 2,938,698 shares of the registrant s common stock issued and outstanding.
As a result of the reorganization, the Bank became a wholly-owned subsidiary of the Company, the Company issued and sold 45.0% of its outstanding shares of common stock in its stock offering to the public, and the Company issued 55.0% of its outstanding shares of common stock to Marathon MHC ( Mutual Holding Company ), which was the Company s mutual holding company.
On April 21, 2025, the Company completed its conversion from the mutual holding company form of organization to the stock holding company form of organization (the "Conversion").
In connection with the Conversion, the Mutual Holding Company ceased to exist.
Also, as part of the Conversion, the Company sold 1,693,411 shares of its common stock (which included 135,472 shares issued to the Employee Stock Ownership Plan ( ESOP )) at a price of $10.00 per share to the public.
+7 more — sign up free →
REMOVED
As of September 25, 2024, there were 2,135,412 shares of the registrant s common stock issued and outstanding.
As a result of the reorganization, the Bank became a wholly-owned subsidiary of the Company, the Company issued and sold 45.0% of its outstanding shares in its stock offering to the public, and the Company issued 55.0% of its outstanding shares to Marathon MHC, which is the Company s mutual holding company.
The Company s common stock is quoted on the OTC Pink Marketplace under the trading symbol MBBC.
BUSINESS OF MARATHON MHC Marathon MHC was formed as a Wisconsin-chartered mutual holding company and will at all times own a majority of the outstanding shares of Marathon Bancorp s common stock.
Depositors of Marathon Bank are members of Marathon MHC and have voting rights in the affairs of Marathon MHC.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →