Parent Company Only Financial Information

12 Months Ended

Jun. 30, 2025

Parent Company Only Financial Information

Parent Company Only Financial Information

Note 20 -    Parent Company Only Financial Information

The following condensed financial statements summarize the financial position and results of operations and cash flows of the parent holding company, Marathon Bancorp, Inc., as of June 30, 2024 and 2023 and for the years then ended.

Parent Only Condensed Balance Sheets
	June 30,
	2025	2024
Assets
Cash in bank subsidiary	$ 7,263,654	$ 3,374,104
Investment in subsidiary, at underlying equity	36,141,469	28,955,130
Loan receivable-ESOP	2,131,932	794,906
Other assets	184,730	52,700
Total Assets	$ 45,721,785	$ 33,176,840
Liabilities and Stockholders' Equity
Liabilities:
Due to subsidiary bank	$ -	$ 1,870,281
Other liabilities	12,563	11,775
Total liabilities	12,563	1,882,056
Stockholders' equity:
Total stockholders' equity	45,709,222	31,294,784
Total liabilities and stockholders' equity	$ 45,721,785	$ 33,176,840

Parent Only Condensed Statements of Income
	Years Ended June 30,
	2025	2024
Interest income:
Income on ESOP loan	$ 48,341	$ 26,233
Total interest income	48,341	26,233
Non-interest expenses:
Other non-interest expense	(433,207)	(97,863)
Total non-interest expense	(433,207)	(97,863)
Loss before income tax benefit	(384,866)	(71,630)
Income tax benefit	(76,639)	(15,923)
Loss before equity in undistributed earnings (loss) of bank	(308,227)	(55,707)
Equity in undistributed earnings (loss) of bank	350,672	(131,287)
Net income (loss)	$ 42,445	($ 186,994)

Parent Only Condensed Statements of Cash Flows
	Years Ended June 30,
	2025	2024
Cash flows from operating activities:
Net income (loss)	$ 42,445	($ 186,994)
Adjustments to reconcile net income to net cash used in operating activities:
Equity in undistributed income (loss) of bank	(350,672)	131,287
Increase in other assets	(132,030)	(11,873)
Increase in other liabilities	788	8,123
Net cash used in operating activities	(439,469)	(59,457)
Cash flows from investing activities:
Principal payments on loan receivable-ESOP	17,694	24,505
Cash received from MHC in conversion	100,000	-
Net cash provided by investing activities	117,694	24,505
Cash flows from financing activities:
Net cash proceeds from stock offering	15,210,356	-
Exercise of stock options	13,314	-
Distribution to bank subsidiary	(7,705,179)
Purchase of ESOP shares	(1,354,720)
Purchase and retirement of treasury stock	(82,165)	(156,220)
Advance from (repayment of) advance from subsidiary bank	(1,870,281)	191,172
Net cash provided by financing activities	4,211,325	34,952
Net change in cash and cash equivalents	3,889,550	-
Cash and cash equivalents-beginning of year	3,374,104	3,374,104
Cash and cash equivalents-end of year	$ 7,263,654	$ 3,374,104