| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Pre-tax Income | -$699K | -52.0% |
| Income Tax | -$184K | -38.5% |
| Net Income | -$515K | -57.5% |
| EPS (Basic) | -$1.04 | -55.2% |
| EPS (Diluted) | -$1.04 | -55.2% |
| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Cash & Equivalents | $1.5M | -30.0% |
| Total Assets | $142.4M | -1.3% |
| Total Liabilities | $130.0M | -1.7% |
| Stockholders' Equity | $12.4M | +2.8% |
| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Operating Cash Flow | -$318K | -56.0% |
| Capital Expenditures | $152K | +221.0% |
| Investing Cash Flow | $1.9M | -34.1% |
| Financing Cash Flow | -$2.2M | +80.5% |
| Free Cash Flow | -$470K | -87.1% |
Business Overview
Monroe Federal Bancorp, Inc. is a savings and loan holding company incorporated in May 2024 that completed its conversion from mutual to stock form on October 23, 2024. The company operates primarily through Monroe Federal Savings and Loan Association, a federally-chartered savings bank with four offices in the Miami and Montgomery County, Ohio region, generating principal revenue from interest income on one-to-four family residential mortgage loans and commercial real estate loans. As of March 31, 2026, the company had total assets of $142.4 million, loans of $110.5 million, and deposits of $124.5 million, with plans to begin selling one-to-four family residential mortgage loans early in fiscal year 2027 to mitigate interest rate risk.
Segment Performance
The company operates as a single reportable segment. At March 31, 2026 compared to March 31, 2025, total loans increased from $108.2 million to $111.6 million. One-to-four family residential loans decreased slightly from $69.9 million (64.6%) to $68.0 million (60.9%), while commercial real estate loans increased from $24.2 million (22.4%) to $27.3 million (24.5%), and commercial and industrial loans increased from $4.3 million (3.9%) to $6.3 million (5.7%). Total assets increased from $142.4 million (implied from context), deposits totaled $124.5 million, and stockholders' equity was $12.4 million at March 31, 2026.
Forward Guidance
"We anticipate beginning to sell one-to-four family residential mortgage loans early in fiscal year 2027." Additionally, the filing states: "Beginning in fiscal year 2027, our one- to four-family residential real estate loans will generally be underwritten to secondary market guidelines."
Key Risk Factors
Key risks include general economic conditions and fluctuations in real estate values affecting loan demand and property collateral values; credit risk from loan delinquencies, write-offs, and changes in allowance adequacy; interest rate environment changes that could reduce net interest margins, fair values, and loan originations while increasing defaults and prepayments; competitive pressures from large regional and money center banks, credit unions, and fintech companies in a fragmented market; and operational risks including cybersecurity threats, third-party provider failures, and the ability to manage market, credit, and operational risks effectively.