MainStreet Bancshares, Inc.

For the period ended Jun 30, 2026. Filed Aug 7, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 7, 2026

MNSB$21.72-0.8%Stored close · as of Nov 10, 2026

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Contents

Item 1. – Consolidated Financial Statements

Item** 1–** Consolidated Financial Statements**–** Unaudited**

MAINSTREET BANCSHARES, INC. AND SUBSIDIARIES

Unaudited Consolidated Statements of Financial Condition as of June 30, 2026 and December 31, 2025 (Dollars in thousands, except per share data)

	At June 30, 2026 (unaudited)	At December 31, 2025 (*)
Assets
Cash and due from banks	$30,125	$25,179
Interest-bearing deposits at other financial institutions	751	1,276
Federal funds sold	78,405	136,301
Cash and cash equivalents	109,281	162,756
Investment securities available-for-sale (AFS), at fair value	57,114	57,954
Investment securities held-to-maturity (HTM), at amortized cost, net of allowance for credit losses of $0 and $0, respectively	13,785	13,798
Restricted securities, at amortized cost	6,998	7,005
Loans, net of allowance for credit losses of $19,306 and $19,308, respectively	1,928,372	1,841,833
Premises and equipment, net	13,192	13,608
Property held for sale, at fair value	2,760	2,728
Other real estate owned, net	900	1,697
Accrued interest and other receivables	14,575	14,518
Bank owned life insurance	41,396	40,752
Other assets	54,712	56,020
Total Assets	$2,243,085	$2,212,669
Liabilities and Stockholders’ Equity
Liabilities
Non-interest bearing demand deposits	$363,883	$378,694
Interest-bearing demand deposits	114,087	119,407
Savings and NOW deposits	144,783	121,905
Money market deposits	542,687	499,334
Time deposits	768,865	779,844
Total deposits	1,934,305	1,899,184
Subordinated debt, net	70,100	69,936
Allowance for credit losses on off-balance sheet credit exposure	546	335
Other liabilities	23,698	24,623
Total Liabilities	2,028,649	1,994,078
Stockholders’ Equity
Preferred stock, $1.00 par value, 2,000,000 shares authorized; 28,750 shares issued and outstanding at June 30, 2026 and December 31, 2025	27,263	27,263
Common stock, $4.00 par value, 15,000,000 shares authorized; issued and outstanding 7,117,438 shares (including 259,985 nonvested shares) at June 30, 2026 and 7,496,571 shares (including 244,964 nonvested shares) at December 31, 2025	27,431	29,008
Capital surplus	57,484	66,531
Retained earnings	107,777	101,557
Accumulated other comprehensive loss	(5,519)	(5,768)
Total Stockholders’ Equity	214,436	218,591
Total Liabilities and Stockholders’ Equity	$2,243,085	$2,212,669

Derived from audited consolidated financial statements.

Unaudited Consolidated Statements of Income for the three and six months ended June 30, 2026 and 2025 (Dollars in thousands, except per share data)

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2026	2025	2026	2025
Interest Income
Interest and fees on loans	$30,738	$32,443	$60,256	$63,554
Interest and dividends on investment securities
U.S. government agencies	22	34	44	71
Mortgage-backed securities	82	94	166	180
Tax-exempt obligations of states and political subdivisions	289	267	576	530
Taxable obligations of states and political subdivisions	55	64	111	128
Other	264	239	520	472
Interest on interest-bearing deposits at other financial institutions	10	10	20	32
Interest on federal funds sold	630	1,135	1,615	2,282
Total Interest Income	32,090	34,286	63,308	67,249
Interest Expense
Interest on interest-bearing demand deposits	862	1,004	1,752	2,052
Interest on savings and NOW deposits	421	391	810	612
Interest on money market deposits	4,487	4,707	8,478	9,983
Interest on time deposits	7,158	8,595	14,808	17,626
Interest on federal funds purchased	84	—	109	65
Interest on subordinated debt	846	799	1,625	1,611
Total Interest Expense	13,858	15,496	27,582	31,949
Net Interest Income	18,232	18,790	35,726	35,300
Provision For Credit Losses - Loans	243	(528)	243	(528)
Provision For Credit Losses - Off-Balance Sheet Credit Exposure	342	(15)	211	(15)
Net Interest Income After Provision For Credit Losses	17,647	19,333	35,272	35,843
Non-Interest Income
Deposit account service charges	552	538	1,125	1,068
Bank owned life insurance income	325	308	644	610
Gain on retirement of subordinated debt	—	68	—	128
Loss on sale of other real estate owned	—	—	(685)	—
Gain on equity securities	—	103	—	103
Other non-interest income	17	49	217	96
Total Non-Interest Income	894	1,066	1,301	2,005
Non-Interest Expense
Salaries and employee benefits	7,505	8,279	15,056	16,664
Furniture and equipment expenses	768	1,141	1,526	2,157
Advertising and marketing	379	530	675	1,011
Occupancy expenses	252	318	617	714
Outside services	445	1,290	905	2,463
Franchise tax	551	524	1,102	1,049
FDIC insurance	480	850	870	1,210
Data processing	343	357	710	719
Administrative expenses	207	270	448	499
Other real estate owned expenses	24	—	244	—
Other operating expenses	1,562	1,186	3,037	2,573
Total Non-Interest Expense	12,516	14,745	25,190	29,059
Income Before Income Taxes	6,025	5,654	11,383	8,789
Income Tax Expense	1,357	1,064	2,615	1,746
Net Income	$4,668	$4,590	$8,768	$7,043
Preferred Stock Dividends	539	539	1,078	1,078
Net Income Available to Common Shareholders	$4,129	$4,051	$7,690	$5,965
Earnings Per Common Share:
Basic	$0.58	$0.53	$1.05	$0.78
Diluted	$0.58	$0.53	$1.05	$0.78

Unaudited Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2026 and 2025 (Dollars in thousands)

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2026	2025	2026	2025
Comprehensive Income, net of taxes
Net Income	$4,668	$4,590	$8,768	$7,043
Other comprehensive income (loss), net of tax expense (benefit):
Unrealized gain (loss) on available for sale securities arising during the period (net of tax expense (benefit), $122 and ($27), respectively, for the three months ended June 30, and $75 and $74, respectively for the six months ended June 30).	412	(92)	249	247
Comprehensive Income	$5,080	$4,498	$9,017	$7,290

Unaudited Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2026 and 2025 (Dollars in thousands, except per share data)

Accumulated Other
Preferred · Common · Capital · Retained · Comprehensive
	Stock	Stock	Surplus	Earnings	Income (Loss)	Total
Balance, March 31, 2026	$27,263	$28,247	$61,045	$104,360	$(5,931)	$214,984
Vesting of restricted stock, net of stock surrendered	—	12	(17)	—	—	(5)
Stock-based compensation expense	—	—	614	—	—	614
Common stock repurchased	—	(828)	(4,158)	—	—	(4,986)
Dividends on preferred stock - ($0.47 per depositary share)	—	—	—	(539)	—	(539)
Dividends on common stock - ($0.10 per share)	—	—	—	(712)	—	(712)
Net income	—	—	—	4,668	—	4,668
Other comprehensive income	—	—	—	—	412	412
Balance, June 30, 2026	$27,263	$27,431	$57,484	$107,777	$(5,519)	$214,436

Accumulated Other
Preferred · Common · Capital · Retained · Comprehensive
	Stock	Stock	Surplus	Earnings	Income (Loss)	Total
Balance, December 31, 2025	$27,263	$29,008	$66,531	$101,557	$(5,768)	$218,591
Vesting of restricted stock, net of stock surrendered	—	345	(1,116)	—	—	(771)
Stock based compensation expense	—	—	1,213	—	—	1,213
Common stock repurchased	—	(1,922)	(9,144)	—	—	(11,066)
Dividends on preferred stock - ($0.94 per depositary share)	—	—	—	(1,078)	—	(1,078)
Dividends on common stock - ($0.20 per share)	—	—	—	(1,470)	—	(1,470)
Net income	—	—	—	8,768	—	8,768
Other comprehensive income	—	—	—	—	249	249
Balance, June 30, 2026	$27,263	$27,431	$57,484	$107,777	$(5,519)	$214,436

Accumulated Other
Preferred · Common · Capital · Retained · Comprehensive
	Stock	Stock	Surplus	Earnings	Income (Loss)	Total
Balance, March 31, 2025	$27,263	$29,810	$67,612	$92,305	$(7,372)	$209,618
Vesting of restricted stock	—	15	(15)	—	—	—
Stock-based compensation expense	—	—	664	—	—	664
Dividends on preferred stock - ($0.47 per depositary share)	—	—	—	(539)	—	(539)
Dividends on common stock - ($0.10 per share)	—	—	—	(771)	—	(771)
Net income	—	—	—	4,590	—	4,590
Other comprehensive loss	—	—	—	—	(92)	(92)
Balance, June 30, 2025	$27,263	$29,825	$68,261	$95,585	$(7,464)	$213,470

Accumulated Other
Preferred · Common · Capital · Retained · Comprehensive
	Stock	Stock	Surplus	Earnings	Income (Loss)	Total
Balance, December 31, 2024	$27,263	$29,466	$67,823	$91,150	$(7,711)	$207,991
Vesting of restricted stock	—	459	(459)	—	—	—
Stock based compensation expense	—	—	1,243	—	—	1,243
Common stock repurchased	—	(100)	(346)	—	—	(446)
Dividends on preferred stock - ($0.94 per depositary share)	—	—	—	(1,078)	—	(1,078)
Dividends on common stock - ($0.20 per share)	—	—	—	(1,530)	—	(1,530)
Net income	—	—	—	7,043	—	7,043
Other comprehensive income	—	—	—	—	247	247
Balance, June 30, 2025	$27,263	$29,825	$68,261	$95,585	$(7,464)	$213,470

Unaudited Consolidated Statements of Cash Flows (Dollars in thousands)

For the six months ended June 30,	2026	2025
Cash Flows from Operating Activities
Net income	$8,768	$7,043
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion, net	2,203	2,192
Amortization of right-of-use assets	257	290
Deferred income tax expense (benefit)	189	(212)
Gain on retirement of subordinated debt	—	(128)
Loss on sale of other real estate owned	685	—
Loss on disposal of premises and equipment	4	—
Provision for credit losses, net	454	(543)
Stock-based compensation expense	1,213	1,243
Income from bank owned life insurance	(644)	(610)
Subordinated debt amortization expense	164	199
Change in:
Accrued interest receivable and other receivables	(57)	(3,712)
Other assets	(763)	4,616
Other liabilities	(925)	(7,733)
Net cash provided by operating activities	11,548	2,645
Cash Flows from Investing Activities
Activity in available-for-sale securities:
Payments	1,045	1,295
Maturities, sales, called, refunded	250	—
Purchases	(250)	(1,503)
Activity in held-to-maturity securities:
Maturities, called, refunded	—	1,705
Purchases	—	(504)
Purchases of equity securities	—	(3,532)
Purchases of restricted investment in bank stock	—	(132)
Redemption of restricted investment in bank stock	7	—
Net change in loan portfolio	(87,876)	35,969
Proceeds from sale of loans	—	7,683
Proceeds from sale of other real estate owned	1,206	—
Proceeds from sale of premises and equipment	56	—
Purchase of premises and equipment, including property held for sale	(197)	(3,877)
Net cash (used in) provided by investing activities	(85,759)	37,104
Cash Flows from Financing Activities
Net (decrease) increase in non-interest bearing demand deposits	(14,811)	5,738
Net increase (decrease) in interest-bearing demand, savings, NOW, money market and time deposits	49,932	(114,985)
Net decrease in subordinated debt	—	(1,872)
Cash dividends paid on preferred stock	(1,078)	(1,078)
Cash dividends paid on common stock	(1,470)	(1,530)
Repurchase of common stock for tax withholding on stock-based compensation	(771)	—
Repurchases of common stock	(11,066)	(446)
Net cash provided by (used in) financing activities	20,736	(114,173)
Decrease in Cash and Cash Equivalents	(53,475)	(74,424)
Cash and Cash Equivalents, beginning of period	162,756	207,708
Cash and Cash Equivalents, end of period	$109,281	$133,284
Supplementary Disclosure of Cash Flow Information
Cash paid during the period for interest	$26,668	$32,020
Cash paid during the period for income taxes	$1,312	$—
Supplemental Noncash Disclosures
Net unrealized gain on securities available-for-sale	$324	$321
Transfers from loans to other real estate owned	$1,094	$—

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.