Monroe Federal Bancorp (MFBI) is a savings institution holding company that operates Monroe Federal, a federally chartered savings bank focused on residential and commercial real estate lending. The company earns revenue primarily through net interest income, the spread between interest earned on loans and interest paid on deposits. Net interest income was $3.7 million for the fiscal year ended March 31, 2025, with a net interest margin of 2.62% and an interest rate spread of 2.42%. Total loans included commercial real estate loans of $24.2 million (22.4% of total loans) and commercial and industrial loans of $4.3 million (3.9% of total loans) as of March 31, 2025. Core deposits, defined as all deposits excluding certificates of deposit, totaled $86.9 million, or 72% of total deposits, at March 31, 2025. Nonperforming assets were $629,000, or 0.44% of total assets, at March 31, 2025. Monroe Federal Bancorp incorporated as a Maryland business corporation and is subject to Ohio state taxation as a financial institution.

Revenue model

Net interest income from the spread between loan interest earned and deposit interest paid. Net interest income was $3.7 million for the fiscal year ended March 31, 2025, down $45,000 (1.2%) year over year.

Products and services

Residential mortgage loans (one- to four-family), commercial real estate loans, multi-family real estate loans, commercial and industrial loans, and deposit accounts including core deposits (checking, savings, money market) and certificates of deposit.

Customers and end markets

Retail and commercial borrowers in the bank's local service area. End markets include residential real estate, commercial real estate, and small business lending.

Value-chain role

Community savings bank and holding company. Originates and holds loans funded by retail deposits. Files consolidated Ohio Financial Institutions Tax return and consolidated federal tax return as an affiliated group.

Geographic exposure

Ohio (primary market). Subject to Ohio Financial Institutions Tax. Monroe Federal Bancorp is incorporated in Maryland.

Source: SEC 10-K, filed 2025-07-03

Industry: Savings Institution, Federally Chartered