Marathon Bank Reports – 596978

Marathon Bank Financial Reports

Quater Ended: 2023-12-31

Marathon Bank is a N/A located in Wausau, WI. Established on 01/01/1902, the bank is regulated by the FDIC and has 4 domestic offices. It operates in the Wausau-Weston, WI.

The bank has 32 employees and holds $235,495k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1902.

Learn more about Marathon Bank on Visbanking Report Portal. See pricing on Visbanking Pricing Page or request a demo on Request Demo Page. Follow us on Linkedin for more information about the US Banking System Visbanking Linkedin Page for the latest updates.

Marathon Bank Institution Profile

Established Date 01/01/1902 Institution Class N/A
Primary Regulator FDIC Number of Domestic Offices 4
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 32 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 54403
Ownership Type Not Mutual City Wausau
State Alpha code WI State and County Number 55073
Subchapter S Corporations No Trust Powers Trust Powers Not Known
Federal Reserve ID Number 7 Federal Reserve ID Number Description CHICAGO
Office of The Comptroller District: CENTRAL DISTRICT Office of Thrift Supervision Region Central
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 08/09/1989
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Marathon Bank with our “Institution Profile” table. The 01/01/1902 marks the bank’s inception, providing historical context. Categorized as a N/A, the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

4 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Wausau, WI, and 54403 provide geographic context. Explore these attributes to gain a holistic view of Marathon Bank in the financial landscape.

Marathon Bank Financials

(USD, in thousands)

Total Assets 235,495 Total Liabilities 206,491
Total Equity Capital 29,004 Total Deposits 182,794
Net Loans and Leases 194,120 Total Interest Income 2,403
Total Noninterest Income 200 Total Interest Expense 923
Total Noninterest Expense 1,516 Tier 1 Risk-Based Capital Ratio 0
Net Loans and Leases to Core Deposits 126 Return on Assets 1
Return on Equity 4 Efficiency Ratio 90

Financial Performance Overview

Gain a comprehensive perspective on Marathon Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $235,495k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $206,491k and total equity capital at $29,004k.

Delve into key operational metrics, including total deposits of $182,794k, net loans and leases at $194k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 0, and Return on Assets at 0.54. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Marathon Bank’s performance and competitive positioning within the financial industry.

Marathon Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 0 Net Loans and Leases to Core Deposits 126
Tier 1 Risk-Based Capital Ratio 0 Securities Gains (Losses) 0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 2
Yield on Earning Assets 5 Total Interest Income 2,403
Applicable Income Taxes -18 Loss Allowance to Loans and Leases 1
Net Loans and Leases 194,120 Loss Allowance to Noncurrent Loans and Leases 0
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 317
Net Interest Income 1,480 Net Interest Margin 3
Net Operating Income to Assets 1 Noninterest Income to Average Assets 0
Total Noninterest Income 200 Noninterest Expense to Average Assets 3
Total Noninterest Expense 1,516 Net Charge-Offs to Loans and Leases 0
All Other Assets 13,116 Other Real Estate Owned 2,335
Other borrowed funds 20,795 Pre-tax Net Operating Income 299
Pretax Return on Assets 1 Return on Assets 1
Retained Earnings to Average Equity (YTD only) 5

Insights into Financial Metrics

Enhance your understanding of Marathon Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $194,120k and Net Interest Income $1,480k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 0 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: -0.01 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$200k and evaluate operational efficiency using metrics like Efficiency Ratio: 90.24. This nuanced financial overview empowers a comprehensive analysis of Marathon Bank’s strategic financial position and performance in the industry.

This table provides key financial information about Marathon Bank. Get more data about Marathon Bank on Visbanking Report Portal.