MainStreet Bancshares Inc. (MNSB) Financial Statements (2024 and earlier)

Company Profile

Business Address 10089 FAIRFAX BOULEVARD
FAIRFAX, VA 22030
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53,58148,93161,82775,93553,376
Cash and cash equivalents53,58148,93161,82775,93553,376
Total current assets:53,58148,93161,82775,93553,376
Noncurrent Assets
Operating lease, right-of-use asset  7,1546,1956,585
Property, plant and equipment13,94414,70914,86314,28914,153
Intangible assets, net (including goodwill)14,6579,1492,493  
Intangible assets, net (excluding goodwill)14,6579,1492,493  
Total noncurrent assets:28,60123,85824,51020,48420,738
Other undisclosed assets1,953,2501,852,9621,561,0651,546,7461,203,244
TOTAL ASSETS:2,035,4321,925,7511,647,4021,643,1651,277,358
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  100,000   
Total current liabilities:  100,000   
Noncurrent Liabilities
Other undisclosed liabilities1,813,9151,627,4691,458,6141,475,5001,140,324
Total liabilities:1,813,9151,727,4691,458,6141,475,5001,140,324
Equity
Equity, attributable to parent221,517198,282188,788167,665137,034
Preferred stock27,26327,26327,26327,263 
Common stock29,19828,73629,46629,13032,397
Additional paid in capital65,98563,99967,66866,11675,117
Accumulated other comprehensive income (loss)(7,478)(8,546)197977423
Retained earnings106,54986,83064,19444,17929,097
Total equity:221,517198,282188,788167,665137,034
TOTAL LIABILITIES AND EQUITY:2,035,4321,925,7511,647,4021,643,1651,277,358

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues121,22281,01662,72460,09857,182
Net investment income121,22281,18461,87760,06556,611
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,642)(2,398)(1,175)  
Gross profit:119,58078,61861,54960,09857,182
Operating expenses(922)(872)(685)(674)(731)
Other operating income, net
(Noninterest Income, Other Operating Income)
4209511,8481,2131,136
Operating income:119,07878,69762,71260,63757,587
Nonoperating income
(Bank Owned Life Insurance Income)
1,0691,008900779498
Interest and debt expense(48,176)(13,836)(10,663)(16,095)(19,377)
Income from continuing operations before equity method investments, income taxes:71,97165,86952,94945,32138,708
Other undisclosed loss from continuing operations before income taxes(39,147)(32,481)(24,993)(25,761)(21,404)
Income from continuing operations before income taxes:32,82433,38827,95619,56017,304
Income tax expense(6,239)(6,714)(5,785)(3,843)(3,354)
Income from continuing operations:26,58526,67422,17115,71713,950
Income before gain (loss) on sale of properties:22,17115,71713,950
Net income attributable to parent:26,58526,67422,17115,71713,950
Preferred stock dividends and other adjustments(2,156)(2,156)   
Other undisclosed net loss available to common stockholders, basic   (2,156)(635) 
Net income available to common stockholders, diluted:24,42924,51820,01515,08213,950

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:26,58526,67422,17115,71713,950
Other comprehensive income (loss)1,371(11,373)(780)554790
Comprehensive income:27,95615,30121,39116,27114,740
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(303)2,630   
Comprehensive income, net of tax, attributable to parent:27,65317,93121,39116,27114,740

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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