MainStreet Bancshares, Inc.

Listed Company

MNSBCIK 0001693577NasdaqAcceleratedSmaller ReportingState Commercial BanksVirginiaFY ends Dec 31

Period

FY 2025

Revenue

$2.18M

Net Income

$15.61M

Total Assets

$2.21B

Equity

$218.59M

Shares Out

7.37M

Op. Cash Flow

$14.81M

Business

MainStreet Bancshares, Inc. is a financial holding company that owns and manages MainStreet Bank and MainStreet Community Capital, providing community commercial banking and related financial services as a financial holding company. It offers deposit products, business and consumer checking, savings and certificates of deposit, commercial, real estate and consumer loans, mortgage services, cash management, online and mobile banking, and Banking-as-a-Service through its Avenu fintech platform. Its principal divisions include its community bank, a Financial Technology (Avenu) segment, and a community development entity subsidiary. The Company serves Northern Virginia and the greater Washington, D.C. metropolitan area through branch locations, electronic delivery channels, and fintech partnerships.

Summary from filing dated 2025-03-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	124	125	116	79	62
U.S. government agencies and corporations	134,000	151,000	0	37,000	62,000
Mortgage-backed securities	341,000	374,000	395,000	438,000	350,000
Other	985,000	912,000	1	874,000	643,000
Interest on interest-bearing deposits at other financial institutions	54,000	41,000	61,000	—	—
Interest on federal funds sold	5	7	5	2	134,000
Total Interest Income	132	135	124	84	64
Interest on interest-bearing demand deposits	4	9	2	494,000	229,000
Interest on savings and NOW deposits	1	754,000	546,000	203,000	165,000
Interest on money market deposits	19	21	14	1	772,000
Interest on time deposits	34	37	27	8	8
Interest on federal funds purchased	93,000	575,000	299,000	0	—
Interest on Federal Home Loan Bank advances	0	46,000	1	347,000	0
Interest on subordinated debt	3	3	3	3	2
Total Interest Expense	62	72	48	13	—
Net Interest Income	70	63	77	71	54
Provision For Credit Losses - Loans	−118,000	7	2	—	—
Provision For Credit Losses - Off-Balance Sheet Credit Exposure	48,000	−722,000	−301,000	0	—
Net Interest Income After Provision For Credit Losses	70	56	75	68	55
Deposit account service charges	2	2	2	2	2
Bank owned life insurance income	1	1	1	1	900,000
Gain on retirement of subordinated debt	273,000	0	0	—	—
Net loss on securities called or matured	0	−48,000	0	4,000	6,000
Gain on equity securities	103,000	0	0	—	—
Other fee income	222,000	115,000	122,000	778,000	2
Total Non-Interest Income	4	3	3	5	6
Salaries and employee benefits	32	30	28	24	19
Furniture and equipment expenses	4	4	3	3	2
Advertising and marketing	2	2	2	2	2
Occupancy expenses	1	2	2	1	2
Outside services	4	4	2	2	1
Franchise tax	2	2	2	1	2
FDIC insurance	2	1	1	637,000	1
Data processing	1	1	1	1	1
Administrative expenses	996,000	929,000	922,000	872,000	685,000
Other operating expenses	5	6	3	3	2
Total Non-Interest Expense	55	73	46	40	33
Income (Loss) Before Income Taxes	19	−14	33	33	28
Income Tax Expense (Benefit)	3	−4	6	7	6
Net Income (Loss)	16	−10	27	27	22
Preferred Stock Dividends	2	2	2	2	2
Net Income (Loss) Available To Common Shareholders	13	−12	24	25	20
Basic (in dollars per share)	1.76	−1.6	3.25	3.26	2.65
Diluted (in dollars per share)	1.76	−1.6	3.25	3.26	2.65

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	25	21	54	49	62
Interest-bearing deposits at other financial institutions	1	2	—	—	—
Federal funds sold	136	185	61	82	31
Cash and cash equivalents	163	208	115	131	93
Investment securities available-for-sale (AFS), at fair value	58	56	—	—	—
Investment securities held-to-maturity (HTM), at amortized cost, net of allowance for credit losses of $0 and $0, respectively	14	16	—	—	—
Restricted securities, at amortized cost	7	7	24	24	16
Loans, net of allowance for credit losses of $19,308 and $19,450, respectively	1,842	1,811	—	—	—
Premises and equipment, net	14	13	14	15	15
Property held for sale, at fair value	3	0	—	—	—
Other real estate owned, net	2	0	0	0	775,000
Accrued interest and other receivables	15	11	12	10	8
Bank owned life insurance	41	40	38	37	36
Other Assets	56	67	35	40	14
Total Assets	2,213	2,228	2,035	1,878	1,647
Non-interest bearing deposits	379	324	365	551	531
Interest-bearing demand deposits	119	140	137	80	69
Savings and NOW deposits	122	64	46	51	85
Money market deposits	499	560	442	223	268
Time deposits	780	819	696	608	459
Total deposits	1,899	1,908	1,686	1,513	1,412
Subordinated debt, net	70	73	73	72	29
Allowance for credit losses on off-balance sheet credit exposure	300,000	300,000	1	0	—
Other Liabilities	25	39	39	42	17
Total Liabilities	1,994	2,020	1,814	1,727	1,459
Commitments and contingencies (Note 13)	—	—	—	—	—
Preferred stock, $1.00 par value, 2,000,000 shares authorized non-cumulative perpetual; 28,750 issued and outstanding as of December 31, 2025 and December 31, 2024	27	27	27	27	27
Common stock, $4.00 par value, 15,000,000 shares authorized; issued and outstanding 7,496,571 shares (including 244,964 non-vested shares) for December 31, 2025 and 7,603,765 shares (including 237,717 non-vested shares) for December 31, 2024	29	29	29	29	29
Capital surplus	67	68	66	64	68
Retained earnings	102	91	107	87	64
Accumulated other comprehensive loss	−6	−8	−7	−9	197,000
Total Stockholders Equity	219	208	222	198	189
Total Liabilities and Stockholders Equity	2,213	2,228	2,035	1,926	1,647

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization, and accretion, net	4	4	2	2	2
Amortization of right-of-use assets	544,000	504,000	477,000	496,000	472,000
Amortization of intangible assets	0	447,000	0	0	—
Deferred income tax benefit	−642,000	−5	−191,000	−894,000	336,000
Loss on New Market Tax Credit investment operations	0	0	251,000	0	—
Gain on disposal of premises and equipment	−53,000	−99,000	−129,000	—	−57,000
Realized loss on securities called or matured	0	48,000	0	−4,000	—
Provision for credit losses, net	−70,000	7	2	2	—
Stock based compensation expense	3	3	2	3	2
Subordinated debt amortization expense	397,000	397,000	397,000	328,000	223,000
Accrued interest receivable and other receivables	−3	1	−3	−2	2
Other assets	11	−5	5	−22	8
Other liabilities	−14	−150,000	−3	25	−5
Net cash provided by operating activities	15	15	32	34	29
Payments, available-for-sale securities	3	3	4	7	8
Maturities, sales, called, refunded	2	1	0	245	417
Purchases, available-for-sale securities	−4	−445,000	0	−226	−379
Purchases	−2	−400,000	0	0	—
Maturities, called, refunded	4	2	265,000	3	2
Purchases of equity securities	−4	−8	−4	−4	−11
Purchases of restricted investment in bank stock	−132,000	−2	−7	−9	−758,000
Redemption of restricted investment in bank stock	0	1	10	4	332,000
Net increase in loan portfolio	−41	−142	−128	−241	−84
Proceeds from sale of loans	8	30	0	0	—
Proceeds from sale of premises and equipment	53,000	195,000	129,000	0	79,000
Purchase of premises and equipment, including property held for sale	−4	−909,000	−497,000	−1	−2
Computer software developed	0	−5	−6	−7	−2
Net cash used in investing activities	−38	−122	−131	−229	−61
Net increase (decrease) in non-interest-bearing deposits	54	−40	−186	20	160
Net increase (decrease) in interest-bearing demand, savings, NOW, money market and time deposits	−63	262	359	81	−186
Net decrease in Federal Home Loan Bank advances	0	0	−100	100	0
Net increase (decrease) in federal funds purchased	0	−15	15	0	—
Net decrease in subordinated debt	−3	0	0	—	—
Repurchase of common stock	−4	−732,000	−43,000	−7	0
Cash dividends paid on preferred stock	−2	−2	−2	−2	−2
Cash dividends paid on common stock	−3	−3	−3	−2	0
Net cash (used in) provided by financing activities	−21	201	83	233	−14
Increase (Decrease) in Cash and Cash Equivalents, net	−45	93	−16	37	−46
Cash paid during the period for interest	62	71	46	13	10
Cash paid during the period for income taxes, see Note 11	168,000	1	7	6	7
Transfers from loans to other real estate owned	2	0	0	715,000	26
Net unrealized gain (loss) on securities available-for-sale	3	−277,000	1	−11	−1

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro