Mainstreet Bankshares Inc (MREE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1075 SPRUCE STREET
MARTSINVILLE, VA 24112
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Noncurrent Assets
Property, plant and equipment 1,509,5621,566,987
Total noncurrent assets: 1,509,5621,566,987
Other undisclosed assets 167,521,455181,544,001
TOTAL ASSETS: 169,031,017183,110,988
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 145,043,476158,860,615
Total liabilities: 145,043,476158,860,615
Equity
Equity, attributable to parent 23,987,54124,250,373
Common stock 17,866,89017,866,890
Accumulated other comprehensive income (loss) (41,309)426,557
Retained earnings 6,161,9605,956,926
Total equity: 23,987,54124,250,373
TOTAL LIABILITIES AND EQUITY: 169,031,017183,110,988

Income Statement (P&L) (USD)

9/30/2014
TTM
12/31/2013
12/31/2012
Gross profit: (1,664,880)(486,257)
Operating expenses (3,321,247)(4,645,541)
Operating loss: (4,986,127)(5,131,798)
Nonoperating income
(Bank Owned Life Insurance Income)
 37,2962,494,285
Interest and debt expense (1,057,143)(1,819,802)
Loss from continuing operations before income taxes: (6,005,974)(4,457,315)
Income tax expense (benefit) (47,308)304,946
Loss from continuing operations: (6,053,282)(4,152,369)
Loss before gain (loss) on sale of properties: (6,053,282)(4,152,369)
Other undisclosed net income 6,258,3166,123,145
Net income available to common stockholders, diluted: 205,0341,970,776

Comprehensive Income (USD)

9/30/2014
TTM
12/31/2013
12/31/2012
Net income: 205,0341,970,776
Other comprehensive loss (467,866) 
Other undisclosed comprehensive income  38,808
Comprehensive income (loss), net of tax, attributable to parent: (262,832)2,009,584

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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