14.40
-0.21%
Close of 5 Nov 2026, in USD
About Marathon Bancorp
From its filings with the US Securities and Exchange Commission
Marathon Bancorp is based in Wausau, Wisconsin. Its shares trade on Nasdaq under the ticker MBBC. The SEC classifies its business as savings institutions, not federally chartered. In the fiscal year to 30 June 2026, it reported net income of $1.8m. At that date it held total assets of $261.0m and shareholders' equity of $48.0m.
Marathon Bancorp, Inc. (the “Company” or “Marathon Bancorp”), a Maryland corporation, was formed in December 2020 to serve as the mid-tier holding company for Marathon Bank (the “Bank”) upon the completion of the Bank’s mutual holding company reorganization and offering.
On April 14, 2021, the Bank completed its reorganization into the mutual holding company structure and the related stock offering of the Company, the Bank’s new holding company. 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.
The Company generated gross proceeds of $16.9 million from the Conversion. Offering expenses in connection with the Conversion were $1.7 million which were netted against the gross proceeds.
In connection with the Conversion, the Company provided a term loan to the ESOP to finance the ESOP’s purchase of the 135,472 shares noted above. The Company combined its existing outstanding ESOP loan in the amount of $777,212 with this new loan resulting in a new term loan to the ESOP of $2.1 million which will be repaid in annual installments over 25 years.
Quoted from its 10-K, filed 16 Sept 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- N/A
- Industry
- N/A
- Website
- marathonbancorp.com ↗
- Head office
- 500 SCOTT STREET, WAUSAU, WI, 54403
- Classification
- Savings Institutions, Not Federally Chartered
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Ms. Amy ZientaraIndependent Chairman of the Board$21,070
- Mr. Nicholas ZillgesPresident, Chief Executive Officer, Director, since 2020$473,979
- Ms. Joy Selting-BuchbergerChief Financial Officer, Senior Vice President$170,865
- Ms. Nora SpatzExecutive Vice President, Chief Administrative Officer
- Ms. Michelle KnopfExecutive Vice President, Director of Mortgage Services of Marathon Bank$167,073
- Mr. Terry CornishSenior Vice President, Chief Credit Officer of Marathon Bank
- Mr. Thomas GrimmIndependent Director$21,070
- Ms. Ann WerthIndependent Director$32,738
- Mr. Timothy WimmerIndependent Director$21,070
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Marathon Bancorp Inc has a strong presence in the US financial sector with a focus on community banking.
- The company operates in Wausau, Wisconsin, serving local businesses and residents effectively.
- Marathon Bancorp Inc provides tailored financial services to the Wausau community.
Weaknesses
- The company's operations are limited to a single city, Wausau, Wisconsin, restricting market reach.
- Marathon Bancorp Inc lacks a diversified product portfolio beyond traditional banking services.
- The company's small scale may hinder its ability to compete with larger national banks.
Opportunities
- Expanding services to neighboring cities in Wisconsin could increase market share.
- Adopting digital banking solutions could attract younger customers in Wausau.
- Partnering with local businesses in Wausau could enhance community engagement.
Threats
- Economic downturns in Wisconsin could reduce loan demand for Marathon Bancorp Inc.
- Increased competition from larger banks entering the Wausau market is a potential threat.
- Regulatory changes in the US financial sector may impact Marathon Bancorp Inc's operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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