Monarch Community Bancorp, Inc. is a bank holding company that operates through its wholly owned subsidiary, Monarch Community Bank (the Bank). The Bank is engaged in attracting retail deposits from the general public and investing those funds in permanent loans secured by first mortgages on owner-occupied, one-to-four family residences, loans secured by commercial and multi-family real estate, commercial business loans and construction loans secured primarily by residential real estate. The Bank originates home equity loans and consumer loans. The Bank�s revenues are derived principally from interest on loans, investment securities and overnight deposits, as well as from sales of loans and fees and charges on deposit accounts. The Bank offers a variety of deposit accounts having a range of interest rates and terms including passbook and statement savings accounts, money market deposit accounts, interest bearing and non-interest bearing checking accounts and certificates of deposit.