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MFBI on OTC

Monroe Federal Bancorp, Inc.

Monroe Federal Bancorp, Inc. is an American savings institution company based in Tipp City, listed on OTC (MFBI).1

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Last updated Oct 21, 2026.

Overview

-$514.6KNet income, fiscal 20262

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  • TickerMFBI on OTC1
  • IndustrySavings Institution, Federally Chartered1
  • HeadquartersTipp City, Ohio1
  • Incorporated inMD3
  • Business address24 E. Main Street, Tipp City, Oh 453713
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3

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These forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this annual report.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-4.1%Return on equity2
-$470.0KFree cash flow2

Financial statements

Net income52-$514.6K in 2026
-$600.0K-$400.0K-$200.0K0$200.0K2024: $59.8K$59.8K20242025: -$326.6K-$326.6K20252026: -$514.6K-$514.6K2026+58%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-03-312025-03-31
Loans$5.6M$5.2M
Investment securities$470.5K$491.9K
Interest-bearing deposits and other$97.8K$171.4K
Total interest income$6.2M$5.9M
Deposits$2.1M$1.9M
Borrowings$371.6K$371.1K
Total interest expense$2.4M$2.2M
Net interest income$3.7M$3.7M
(Recovery of) provision for credit losses-$56.9K$15.3K
Net interest income after (recovery of) provision for credit losses$3.8M$3.6M
Service fees on deposits$169.6K$173.1K
Late charges and fees on loans$36.3K$36.0K
Loan servicing fees$12.6K$16.2K
Increase in cash surrender value of bank owned life insurance$128.3K$114.2K
Other income$92.4K$36.9K
Total noninterest income$439.3K$376.3K
Salaries and employee benefits$2.2M$2.2M
Directors fees$114.9K$121.8K
Occupancy and equipment$558.3K$562.3K
Data processing fees$609.8K$541.6K
Franchise taxes$96.5K$75.8K
FDIC insurance premiums$73.6K$84.1K
Professional services$421.4K$390.2K
Advertising$77.7K$84.8K
Loss on sale of available-for-sale investments$261.3K
Other$510.2K$440.9K
Total noninterest expense$4.9M$4.5M
Loss before income taxes-$698.9K-$459.7K
Benefit for income taxes-$184.3K-$133.0K
Net loss-$514.6K-$326.6K
Income (loss) per weighted average share - basic-$1.04-$0.67
Income (loss) per weighted average share - diluted-$1.04-$0.67

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Corporate structure

Monroe Federal Bancorp, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Monroe Federal Bancorp, Inc.

  • Monroe Federal Bancorp, Inc. Tipp City, Ohio

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Monroe Federal Bancorp, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$8.5M2 Mar 31, 2026$8.3M2 Mar 31, 2025+1.8%
Accumulated depreciation$3.4M2 Mar 31, 2026$3.2M2 Mar 31, 2025+7.7%
Property and equipment, net$5.0M2 Mar 31, 2026$5.1M2 Mar 31, 2025−1.8%
Operating-lease assets (leased space)$109.0K2 Mar 31, 2026$138.7K2 Mar 31, 2025−21.4%

Investments

ItemLatestA year beforeChange
Loans, net of allowance$110.5M2 Mar 31, 2026$107.0M2 Mar 31, 2025+3.3%
Deposits held (banks)$124.5M2 Mar 31, 2026$120.7M2 Mar 31, 2025+3.2%

Properties, in its own words

At March 31, 2026, the net book value of our properties (including land, buildings and improvements, and furniture and fixtures) was $5.0 million. The following table sets forth information regarding our offices at March 31, 2026.

Year · Approximate

The rest of Item 2

Location · Leased/Owned · Opened/Acquired · Square Footage

Main Office:

24 East Main Street

Tipp City, OH 45371

Miami County · Owned · 1963 · 4,000

Branch Offices:

985 West Main Street

Tipp City, OH 45371

Miami County · Owned · 2023 · 6,600

8512 North Dixie Drive

Dayton, OH 45414

Montgomery County · Leased · 2007 · 1,500

264 East National Road

Vandalia, OH 45377

Montgomery County · Owned · 1958 · 2,700

We also own property at 25 East Dow Street in Tipp City, located directly behind our main office. We use the parking lot on the property for employee parking. The property also includes a house which we rent to a residential tenant.

Item 2 of the 10-K filed Jun 25, 2026.4

Leadership

Who has led Monroe Federal Bancorp, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lewis R. Renollet2024–now

President

  1. Lewis R. Renollet2024–now

Chief financial officer

  1. Lisa M. Bird2024–now

Chief operating officer

  1. Christina R. Hassink2026–now
2025
Board members and other officers (10)

Timeline

  1. Dec 19, 20258-K Shareholder vote21
  2. Oct 23, 2024New chief executive Lewis R. Renollet becomes CEO9
  3. Oct 23, 20248-K Other events22
  4. Oct 21, 20248-K Other events23
  5. Aug 12, 20248-K Entered a material agreement24

Filings

53 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 4 major events, 22 insider forms, 2 large holders, 16 other. The latest 20:

  1. Aug 14, 202610-Q EDGAR
  2. Jul 23, 2026DEF 14A EDGAR
  3. Jun 25, 202610-K EDGAR
  4. Feb 17, 2026SCHEDULE 13G/A EDGAR
  5. Feb 13, 202610-Q EDGAR
  6. Jan 28, 20264 EDGAR
  7. Jan 28, 20264 EDGAR
  8. Jan 28, 20264 EDGAR
  9. Jan 28, 20264 EDGAR
  10. Jan 28, 20264 EDGAR
  11. Jan 27, 2026S-8 MONROE FEDERAL BANCORP, INC. FORM S-8 REGISTRATION STATEMENT JANUARY 27, 2026 EDGAR
  12. Dec 19, 20254 EDGAR
  13. Dec 19, 20254 EDGAR
  14. Dec 19, 20254 EDGAR
  15. Dec 19, 20254 EDGAR
  16. Dec 19, 20254 EDGAR
  17. Dec 19, 20254 EDGAR
  18. Dec 19, 20258-K EDGAR
  19. Nov 13, 2025DEF 14A EDGAR
  20. Nov 12, 202510-Q EDGAR

The 53 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Lewis R. Renollet$210.2K$401.5K26
2026Lisa M. Bird$154.8K$214.5K26
2026Douglas E. Thompson$161.0K$211.8K26
2025President and Chief Executive Officer$199.1K$276.2K26
2025Vice President – Commercial Lending$154.8K$169.5K26
2025Vice President – Accounting and Chief Financial Officer$147.5K$159.0K26

SEC filer profile

How Monroe Federal Bancorp, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMonroe Federal Bancorp, Inc.1
  • CIK0002024899
  • Employer ID (EIN)99-35879224
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsMarch 311
  • Industry code (SIC)6035 Savings Institution, Federally Chartered1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address24 E. Main Street, Tipp City, OH 453711
  • Phone(937) 667-84611
  • Shares outstanding541,434 as of Aug 14, 20268
  • Public float$4.1M as of Sep 30, 20254
  • AuditorWipfli LLP, Eau Claire, Wisconsin PCAOB ID 344; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJun 13, 20241
  • Filings53 in all: 3 (11), 4 (11), 10-Q (7), 8-K (4), CORRESP (3), 10-K (2), 424B3 (2), DEF 14A (2)1
    All 18 form types

    EFFECT (2), 8-A12G (1), NT 10-K (1), POS AM (1), S-1 (1), S-1/A (1), S-8 (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Jun 25, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Jul 23, 2026
    Latest 8-K (8-K) Dec 19, 2025

Risk factors and legal proceedings

Legal proceedings

In addition to routine legal proceedings occurring in the ordinary course of business, at March 31, 2026 we were involved in legal proceedings seeking reimbursement for approximately $120,000 in real estate taxes paid on behalf of a former borrower. We are confident of a favorable outcome in the recovery of these tax reimbursements.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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