Mainstreet Bankshares Inc (MREE) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2013
12/31/2012
ASSETS
Current Assets
Noncurrent Assets
Property, plant and equipment1,5101,567
Total noncurrent assets:1,5101,567
Other undisclosed assets167,521181,544
TOTAL ASSETS:169,031183,111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities145,043158,861
Total liabilities:145,043158,861
Stockholders' equity
Stockholders' equity attributable to parent23,98824,250
Common stock17,86717,867
Accumulated other comprehensive income (loss)(41)427
Retained earnings6,1625,957
Total stockholders' equity:23,98824,250
TOTAL LIABILITIES AND EQUITY:169,031183,111

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

12/31/2013
12/31/2012
Gross profit:(1,665)(486)
Operating expenses(3,321)(4,646)
Operating loss:(4,986)(5,132)
Nonoperating income
(Bank Owned Life Insurance Income)
372,494
Interest and debt expense(1,057)(1,820)
Loss from continuing operations before income taxes:(6,006)(4,457)
Income tax expense (benefit)(47)305
Loss before gain (loss) on sale of properties:(6,053)(4,152)
Other undisclosed net income6,2586,123
Net income available to common stockholders, diluted:2051,971

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net income:2051,971
Other comprehensive loss(468) 
Other undisclosed comprehensive income 39
Comprehensive income (loss), net of tax, attributable to parent:(263)2,010

Statements sources

The financial statements are based on the company's filings with the 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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