MainStreet Bancshares, Inc.

For the period ended Sep 30, 2026. Filed Nov 9, 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.

Sep 30, 2026 · Filed Nov 9, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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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 September 30, 2026 and December 31, 2025 (Dollars in thousands, except per share data)

	At September 30, 2026 (unaudited)	At December 31, 2025 (*)
Assets
Cash and due from banks	$28,203	$25,179
Interest-bearing deposits at other financial institutions	688	1,276
Federal funds sold	69,510	136,301
Cash and cash equivalents	98,401	162,756
Investment securities available-for-sale (AFS), at fair value	53,066	57,954
Investment securities held-to-maturity (HTM), at amortized cost, net of allowance for credit losses of $0 and $0, respectively	13,303	13,798
Restricted securities, at amortized cost	6,998	7,005
Loans, net of allowance for credit losses of $19,946 and $19,308, respectively	1,931,107	1,841,833
Premises and equipment, net	13,002	13,608
Property held for sale, at fair value	2,763	2,728
Other real estate owned, net	1,799	1,697
Accrued interest and other receivables	17,255	14,518
Bank owned life insurance	41,726	40,752
Other assets	55,440	56,020
Total Assets	$2,234,860	$2,212,669
Liabilities and Stockholders’ Equity
Liabilities
Non-interest bearing demand deposits	$343,769	$378,694
Interest-bearing demand deposits	101,584	119,407
Savings and NOW deposits	146,990	121,905
Money market deposits	542,766	499,334
Time deposits	788,891	779,844
Total deposits	1,924,000	1,899,184
Subordinated debt, net	70,156	69,936
Allowance for credit losses on off-balance sheet credit exposure	152	335
Other liabilities	25,680	24,623
Total Liabilities	2,019,988	1,994,078
Stockholders’ Equity
Preferred stock, $1.00 par value, 2,000,000 shares authorized; 28,750 shares issued and outstanding at September 30, 2026 and December 31, 2025	27,263	27,263
Common stock, $4.00 par value, 15,000,000 shares authorized; issued and outstanding 7,115,994 shares (including 254,841 nonvested shares) at September 30, 2026 and 7,496,571 shares (including 244,964 nonvested shares) at December 31, 2025	27,446	29,008
Capital surplus	58,143	66,531
Retained earnings	110,129	101,557
Accumulated other comprehensive loss	(8,109)	(5,768)
Total Stockholders’ Equity	214,872	218,591
Total Liabilities and Stockholders’ Equity	$2,234,860	$2,212,669

Derived from audited consolidated financial statements.

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

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2026	2025	2026	2025
Interest Income
Interest and fees on loans	$31,847	$30,688	$92,103	$94,242
Interest and dividends on investment securities
U.S. government agencies	24	37	68	108
Mortgage-backed securities	81	85	247	265
Tax-exempt obligations of states and political subdivisions	290	270	866	800
Taxable obligations of states and political subdivisions	55	64	166	192
Other	280	249	800	720
Interest on interest-bearing deposits at other financial institutions	11	11	31	44
Interest on federal funds sold	617	1,060	2,232	3,342
Total Interest Income	33,205	32,464	96,513	99,713
Interest Expense
Interest on interest-bearing demand deposits	823	1,071	2,575	3,123
Interest on savings and NOW deposits	453	467	1,263	1,079
Interest on money market deposits	4,611	4,623	13,089	14,606
Interest on time deposits	7,498	8,369	22,306	25,994
Interest on federal funds purchased	89	28	198	93
Interest on subordinated debt	955	804	2,580	2,415
Total Interest Expense	14,429	15,362	42,011	47,310
Net Interest Income	18,776	17,102	54,502	52,403
Provision For Credit Losses - Loans	2,323	(66)	2,566	(593)
Provision For Credit Losses - Off-Balance Sheet Credit Exposure	(394)	210	(183)	195
Net Interest Income After Provision For Credit Losses	16,847	16,958	52,119	52,801
Non-Interest Income
Deposit account service charges	542	557	1,667	1,625
Bank owned life insurance income	330	316	974	926
Gain on retirement of subordinated debt	—	145	—	273
Loss on sale of other real estate owned	(322)	—	(1,007)	—
Gain on equity securities	—	—	—	103
Other non-interest income	121	104	338	199
Total Non-Interest Income	671	1,122	1,972	3,126
Non-Interest Expense
Salaries and employee benefits	7,636	7,366	22,692	24,030
Furniture and equipment expenses	676	799	2,202	2,957
Advertising and marketing	368	571	1,043	1,582
Occupancy expenses	324	400	941	1,114
Outside services	418	625	1,323	3,088
Franchise tax	551	524	1,654	1,573
FDIC insurance	605	560	1,475	1,770
Data processing	346	375	1,055	1,094
Administrative expenses	210	259	658	757
Other real estate owned expenses	188	—	432	—
Other operating expenses	1,555	1,188	4,592	3,761
Total Non-Interest Expense	12,877	12,667	38,067	41,726
Income Before Income Taxes	4,641	5,413	16,024	14,201
Income Tax Expense	1,038	896	3,653	2,641
Net Income	$3,603	$4,517	$12,371	$11,560
Preferred Stock Dividends	539	539	1,617	1,617
Net Income Available to Common Shareholders	$3,064	$3,978	$10,754	$9,943
Earnings Per Common Share:
Basic	$0.43	$0.52	$1.48	$1.29
Diluted	$0.43	$0.52	$1.48	$1.29

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

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2026	2025	2026	2025
Comprehensive Income, net of taxes
Net Income	$3,603	$4,517	$12,371	$11,560
Other comprehensive income (loss), net of tax expense (benefit):
Unrealized (loss) gain on available for sale securities arising during the period (net of tax (benefit) expense, ($774) and $308, respectively, for the three months ended September 30, and ($699) and $382, respectively for the nine months ended September 30).	(2,590)	1,043	(2,341)	1,290
Comprehensive Income	$1,013	$5,560	$10,030	$12,850

Unaudited Consolidated Statements of Stockholders’ Equity for the three and nine months ended September 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, June 30, 2026	$27,263	$27,431	$57,484	$107,777	$(5,519)	$214,436
Vesting of restricted stock, net of stock surrendered	—	15	(17)	—	—	(2)
Stock-based compensation expense	—	—	676	—	—	676
Dividends on preferred stock - ($0.47 per depositary share)	—	—	—	(539)	—	(539)
Dividends on common stock - ($0.10 per share)	—	—	—	(712)	—	(712)
Net income	—	—	—	3,603	—	3,603
Other comprehensive loss	—	—	—	—	(2,590)	(2,590)
Balance, September 30, 2026	$27,263	$27,446	$58,143	$110,129	$(8,109)	$214,872

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	—	360	(1,133)	—	—	(773)
Stock based compensation expense	—	—	1,889	—	—	1,889
Common stock repurchased	—	(1,922)	(9,144)	—	—	(11,066)
Dividends on preferred stock - ($1.41 per depositary share)	—	—	—	(1,617)	—	(1,617)
Dividends on common stock - ($0.30 per share)	—	—	—	(2,182)	—	(2,182)
Net income	—	—	—	12,371	—	12,371
Other comprehensive loss	—	—	—	—	(2,341)	(2,341)
Balance, September 30, 2026	$27,263	$27,446	$58,143	$110,129	$(8,109)	$214,872

Accumulated Other
Preferred · Common · Capital · Retained · Comprehensive
	Stock	Stock	Surplus	Earnings	Income (Loss)	Total
Balance, June 30, 2025	$27,263	$29,825	$68,261	$95,585	$(7,464)	$213,470
Vesting of restricted stock	—	8	(8)	—	—	—
Stock-based compensation expense	—	—	642	—	—	642
Dividends on preferred stock - ($0.47 per depositary share)	—	—	—	(539)	—	(539)
Dividends on common stock - ($0.10 per share)	—	—	—	(770)	—	(770)
Net income	—	—	—	4,517	—	4,517
Other comprehensive income	—	—	—	—	1,043	1,043
Balance, September 30, 2025	$27,263	$29,833	$68,895	$98,793	$(6,421)	$218,363

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	—	467	(467)	—	—	—
Stock based compensation expense	—	—	1,885	—	—	1,885
Common stock repurchased	—	(100)	(346)	—	—	(446)
Dividends on preferred stock - ($1.41 per depositary share)	—	—	—	(1,617)	—	(1,617)
Dividends on common stock - ($0.30 per share)	—	—	—	(2,300)	—	(2,300)
Net income	—	—	—	11,560	—	11,560
Other comprehensive income	—	—	—	—	1,290	1,290
Balance, September 30, 2025	$27,263	$29,833	$68,895	$98,793	$(6,421)	$218,363

Unaudited Consolidated Statements of Cash Flows (Dollars in thousands)

For the nine months ended September 30,	2026	2025
Cash Flows from Operating Activities
Net income	$12,371	$11,560
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion, net	3,316	3,295
Amortization of right-of-use assets	387	384
Deferred income tax expense	342	198
Gain on retirement of subordinated debt	—	(273)
Loss on sale of other real estate owned	1,007	—
Loss (gain) on disposal of premises and equipment	12	(35)
Provision for credit losses, net	2,383	(398)
Stock-based compensation expense	1,889	1,885
Income from bank owned life insurance	(974)	(926)
Subordinated debt amortization expense	220	298
Change in:
Accrued interest receivable and other receivables	(2,737)	(2,311)
Other assets	(1,801)	8,272
Other liabilities	1,057	(13,715)
Net cash provided by operating activities	17,472	8,234
Cash Flows from Investing Activities
Activity in available-for-sale securities:
Payments	1,425	2,033
Maturities, sales, called, refunded	1,250	500
Purchases	(1,000)	(3,635)
Activity in held-to-maturity securities:
Maturities, called, refunded	480	2,245
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	(95,839)	15,223
Proceeds from sale of loans	—	7,683
Proceeds from sale of other real estate owned	2,890	—
Proceeds from sale of premises and equipment	105	35
Purchase of premises and equipment, including property held for sale	(323)	(4,015)
Net cash (used in) provided by investing activities	(91,005)	15,901
Cash Flows from Financing Activities
Net (decrease) increase in non-interest bearing demand deposits	(34,925)	410
Net increase (decrease) in interest-bearing demand, savings, NOW, money market and time deposits	59,741	(97,369)
Net decrease in subordinated debt	—	(3,227)
Cash dividends paid on preferred stock	(1,617)	(1,617)
Cash dividends paid on common stock	(2,182)	(2,300)
Repurchase of common stock for tax withholding on stock-based compensation	(773)	—
Repurchases of common stock	(11,066)	(446)
Net cash provided by (used in) financing activities	9,178	(104,549)
Decrease in Cash and Cash Equivalents	(64,355)	(80,414)
Cash and Cash Equivalents, beginning of period	162,756	207,708
Cash and Cash Equivalents, end of period	$98,401	$127,294
Supplementary Disclosure of Cash Flow Information
Cash paid during the period for interest	$41,267	$47,309
Cash paid during the period for income taxes	$1,662	$45
Supplemental Noncash Disclosures
Net unrealized (loss) gain on securities available-for-sale	$(3,040)	$1,672
Transfers from loans to other real estate owned	$3,999	$—

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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.