2023 Q4 Form 10-Q Financial Statement

#000155837023019040 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023 Q2
Revenue $2.402M $2.405M
YoY Change 6.99% 18.65%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.05K $44.83K $205.0K
YoY Change -41.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $916.5K $841.8K
YoY Change 64.96% 167.87%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $242.9K $287.7K $672.2K
YoY Change -38.18% -54.18%
Income Tax -$29.20K $201.5K $178.3K
% Of Pretax Income -12.02% 70.04% 26.53%
Net Earnings $272.1K $86.20K $493.8K
YoY Change -9.72% -83.14%
Net Earnings / Revenue 11.33% 3.58%
Basic Earnings Per Share $0.13 $0.04
Diluted Earnings Per Share $0.13 $0.04 $0.24
COMMON SHARES
Basic Shares Outstanding 2.157M 2.043M 2.153M
Diluted Shares Outstanding 2.044M 2.046M

Balance Sheet

Concept 2023 Q4 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $8.122M $6.980M $11.78M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $3.974M $3.704M $2.128M
YoY Change 73.89% 56.95% 26.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $312.9K $337.0K $486.9K
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $234.1M $235.6M $238.8M
YoY Change -1.1% -0.07% 8.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $20.00M $13.00M $8.000M
YoY Change
Other Long-Term Liabilities $2.911M $2.560M $2.245M
YoY Change
Total Long-Term Liabilities $22.91M $15.56M $10.24M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $22.91M $15.56M $10.24M
Total Liabilities $202.3M $204.2M $207.5M
YoY Change -1.33% -0.22% 9.63%
SHAREHOLDERS EQUITY
Retained Earnings $26.07M $25.80M $25.58M
YoY Change 5.47% 7.78% 9.2%
Common Stock $7.349M $7.315M $7.274M
YoY Change -13.55% -14.39% -14.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.83M $31.46M $31.28M
YoY Change
Total Liabilities & Shareholders Equity $234.1M $235.6M $238.8M
YoY Change -1.1% -0.07% 8.53%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $272.1K $86.20K $493.8K
YoY Change -9.72% -83.14%
Depreciation, Depletion And Amortization $48.05K $44.83K $205.0K
YoY Change -41.5%
Cash From Operating Activities $622.9K $366.7K $1.989M
YoY Change -75.16%
INVESTING ACTIVITIES
Capital Expenditures $345.6K $1.648M $65.36K
YoY Change 2571.65%
Acquisitions
YoY Change
Other Investing Activities $3.125M $132.5K -$14.36M
YoY Change
Cash From Investing Activities $2.779M -$1.515M -$14.42M
YoY Change -73.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.261M -3.646M 15.78M
YoY Change -126.71%
NET CHANGE
Cash From Operating Activities 622.9K 366.7K 1.989M
Cash From Investing Activities 2.779M -1.515M -14.42M
Cash From Financing Activities -2.261M -3.646M 15.78M
Net Change In Cash 1.141M -4.795M 3.347M
YoY Change -150.62%
FREE CASH FLOW
Cash From Operating Activities $622.9K $366.7K $1.989M
Capital Expenditures $345.6K $1.648M $65.36K
Free Cash Flow $277.3K -$1.281M $1.924M
YoY Change -190.54%

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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q3 us-gaap Stockholders Equity
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CY2022Q3 us-gaap Net Income Loss
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CY2023Q3 us-gaap Depreciation
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CY2022Q3 us-gaap Depreciation
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CY2023Q3 us-gaap Share Based Compensation
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CY2022Q3 us-gaap Share Based Compensation
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CY2023Q3 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
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CY2022Q3 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
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CY2022Q3 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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CY2022Q3 us-gaap Amortization Of Deferred Loan Origination Fees Net
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CY2023Q3 us-gaap Deferred Income Tax Expense Benefit
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CY2022Q3 us-gaap Deferred Income Tax Expense Benefit
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CY2022Q3 us-gaap Bank Owned Life Insurance Income
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CY2022Q3 us-gaap Proceeds From Sale Of Loans Held For Sale
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CY2022Q3 us-gaap Increase Decrease In Other Operating Assets
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CY2023Q3 us-gaap Increase Decrease In Other Operating Liabilities
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CY2022Q3 us-gaap Increase Decrease In Other Operating Liabilities
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CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q3 mara Net Change Interest Bearing Deposits In Other Financial Institutions
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CY2022Q3 mara Net Change Interest Bearing Deposits In Other Financial Institutions
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CY2023Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2022Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2023Q3 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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CY2022Q3 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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CY2023Q3 us-gaap Increase Decrease Of Restricted Investments
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CY2022Q3 us-gaap Increase Decrease Of Restricted Investments
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CY2023Q3 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q3 us-gaap Interest Paid Net
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CY2023Q3 mara Number Of Business Facilities
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CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
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CY2022Q3 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q3 us-gaap Earnings Per Share Basic
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CY2022Q3 us-gaap Earnings Per Share Diluted
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CY2023Q2 us-gaap Available For Sale Securities Debt Securities
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CY2023Q2 us-gaap Held To Maturity Securities
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CY2023Q3 mara Debt Securities Available For Sale And Held To Maturity Excluding Accrued Interest Before Allowance For Credit Loss
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CY2023Q2 us-gaap Debt Securities Available For Sale And Held To Maturity
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CY2023Q3 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
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CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2023Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
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CY2023Q2 us-gaap Available For Sale Securities Debt Securities
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CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
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CY2023Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
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CY2023Q3 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest Before Allowance For Credit Loss
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CY2023Q3 us-gaap Held To Maturity Securities Fair Value
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CY2023Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
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CY2023Q2 us-gaap Loans And Leases Receivable Allowance
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CY2022Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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CY2022Q3 us-gaap Loans And Leases Receivable Allowance
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CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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CY2022Q3 us-gaap Loans And Leases Receivable Allowance
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CY2023Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
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CY2022Q3 us-gaap Provision For Loan And Lease Losses
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CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
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CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
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CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
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CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
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CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
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CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Revolving
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CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
199756000
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CY2023 us-gaap Financing Receivable Modifications Number Of Contracts2
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CY2023Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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CY2023 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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CY2023 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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CY2022Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
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CY2023Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
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CY2023Q3 us-gaap Operating Lease Right Of Use Asset
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
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CY2023Q3 us-gaap Operating Lease Liability
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558602
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
585182
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M23D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M17D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0325
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0324
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
31929
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
31929
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9570
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9750
CY2023Q3 us-gaap Lease Cost
LeaseCost
41499
CY2023 us-gaap Lease Cost
LeaseCost
41679
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
31281
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
30999
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
92688
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
104464
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
103720
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
94450
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
43200
CY2023Q3 mara Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
187200
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
625722
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
67120
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
558602
CY2023Q3 mara Brokered Deposits
BrokeredDeposits
17700000
CY2023Q2 mara Brokered Deposits
BrokeredDeposits
22200000
CY2023Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
24455871
CY2023Q3 mara Noninterest Bearing Deposit Liabilities Percent
NoninterestBearingDepositLiabilitiesPercent
0.1297
CY2023Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
26180842
CY2023Q2 mara Noninterest Bearing Deposit Liabilities Percent
NoninterestBearingDepositLiabilitiesPercent
0.1327
CY2023Q3 us-gaap Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
41062612
CY2023Q3 mara Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now Percent
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNowPercent
0.2177
CY2023Q2 us-gaap Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
44664015
CY2023Q2 mara Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now Percent
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNowPercent
0.2264
CY2023Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
40441220
CY2023Q3 mara Deposits Savings Deposits Percent
DepositsSavingsDepositsPercent
0.2144
CY2023Q2 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
42554858
CY2023Q2 mara Deposits Savings Deposits Percent
DepositsSavingsDepositsPercent
0.2157
CY2023Q3 mara Deposits Certificates Of Deposits
DepositsCertificatesOfDeposits
82648424
CY2023Q3 mara Deposits Certificates Of Deposits Percent
DepositsCertificatesOfDepositsPercent
0.4382
CY2023Q2 mara Deposits Certificates Of Deposits
DepositsCertificatesOfDeposits
83854591
CY2023Q2 mara Deposits Certificates Of Deposits Percent
DepositsCertificatesOfDepositsPercent
0.4251
CY2023Q3 us-gaap Deposits
Deposits
188608127
CY2023Q3 mara Deposits Percent
DepositsPercent
1.0000
CY2023Q2 us-gaap Deposits
Deposits
197254306
CY2023Q2 mara Deposits Percent
DepositsPercent
1.0000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
201000
CY2023Q3 mara Increase In Income Tax Expense Over Prior Year Amount
IncreaseInIncomeTaxExpenseOverPriorYearAmount
84000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
117000
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.700
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.186
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0
CY2023Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-112000
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
60412
CY2022Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
131841
CY2023Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-112058
CY2023Q3 mara Effective Income Tax Rate Reconciliation Earnings On Bank Owned Life Insurance Amount
EffectiveIncomeTaxRateReconciliationEarningsOnBankOwnedLifeInsuranceAmount
12594
CY2022Q3 mara Effective Income Tax Rate Reconciliation Earnings On Bank Owned Life Insurance Amount
EffectiveIncomeTaxRateReconciliationEarningsOnBankOwnedLifeInsuranceAmount
48505
CY2022Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
28108
CY2023Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
41603
CY2022Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
5217
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
201479
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116661
CY2023Q3 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
29463000
CY2023Q3 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1236
CY2023Q3 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
19070000
CY2023Q3 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.080
CY2023Q3 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
21454000
CY2023Q3 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.090
CY2023Q2 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
29030000
CY2023Q2 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1202
CY2023Q2 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
19321000
CY2023Q2 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.080
CY2023Q2 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
21736000
CY2023Q2 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.090
CY2023Q3 mara Net Worth Of Entity
NetWorthOfEntity
28914828
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Current
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestCurrent
2025197
CY2023Q3 mara Net Worth Of Entity Percent Of Total Assets
NetWorthOfEntityPercentOfTotalAssets
0.1219
CY2023Q2 mara Net Worth Of Entity
NetWorthOfEntity
28246139
CY2023Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
2158590
CY2023Q2 mara Net Worth Of Entity Percent Of Total Assets
NetWorthOfEntityPercentOfTotalAssets
0.1267
CY2023Q3 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.15
CY2023Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
873970
CY2023Q3 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
87397
CY2023Q3 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
10.00
CY2023Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0325
CY2023Q3 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
10456
CY2023Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
874
CY2022Q3 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
9614
CY2022Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
874
CY2023Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
77783
CY2023Q3 mara Employee Stock Ownership Plan Esop Value Of Shares Committed To Be Released
EmployeeStockOwnershipPlanEsopValueOfSharesCommittedToBeReleased
661156
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
104877
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.31
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y3M29D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
104877
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.31
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y29D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
18353
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.92
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y10M2D
CY2023Q3 mara Number Of Investment Securities Measured At Fair Value On Recurring Basis Using Significant Unobservable Inputs
NumberOfInvestmentSecuritiesMeasuredAtFairValueOnRecurringBasisUsingSignificantUnobservableInputs
1
CY2023Q2 mara Number Of Investment Securities Measured At Fair Value On Recurring Basis Using Significant Unobservable Inputs
NumberOfInvestmentSecuritiesMeasuredAtFairValueOnRecurringBasisUsingSignificantUnobservableInputs
1
CY2023Q3 mara Significant Unobservable Input
SignificantUnobservableInput
The Level 3 valuation is based on the 5/30 swap curve
CY2023Q3 mara Significant Unobservable Input Float
SignificantUnobservableInputFloat
0.01
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1580000
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1900000
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-120000
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-60000
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1460000
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1840000

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