MainStreet Bancshares Inc. Reports a Profitable First Quarter

$MNSB
Major Banks
Finance
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Strong credit quality and no adverse loan portfolio trends

FAIRFAX, Va., April 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $2.77 million for the first quarter of 2024.

"Our loan portfolio was well-positioned for the current interest rate cycle and continues to generate strong and sustainable interest income.  During the first quarter of 2024, we experienced an uptick in deposit costs, compressing the net interest margin to 3.24%," said Jeff W. Dick, Chairman & CEO of MainStreet Bancshares, Inc. and MainStreet Bank.  "We are focused on improving our funding costs for the remainder of 2024 and anticipate that our cumulative performance ratios will reflect our ability to do so, as we build for the future and deliver positive returns to our shareholders."

The Company continues to experience strong asset quality with relatively low levels of past due and non-performing loans.  It should be noted that multifamily housing in the Washington, D.C. metropolitan area is devoid of the type of rent controls experienced in New York City.  Demand for housing in our market far outstrips supply and the rental markets are strong.

"Our lending team is very focused on their borrowers and relationships at this time," said Tom Floyd, Chief Lending Officer at MainStreet Bank.  "We want to make sure that if any issues or concerns do arise, we recognize them early in order to properly manage risk and work together toward positive outcomes."

"We are laser-focused on growing good business relationships throughout the metropolitan area," said Abdul Hersiburane, President of MainStreet Bank.  "Our best source is our existing client base, as the quality of our service and attention to detail is second to none."

Banking-as-a-Service

The headlines were bleak in 2023 for several of the banks providing banking-as-a-service to fintechs.  In one instance, consultant Kate Drew wrote, "The truth is many of the most jarring headlines have involved sponsor banks and fintech partners that had little to no relationship at all, and instead operated through a banking-as-a-service provider.  That model is all but dead.  In its place will likely emerge a more resilient proposition that puts the bank in the driver's seat when it comes to compliance and focuses on fintechs with sustainable businesses and realistic objectives in financial services."  Drew, Kate (December 12, 2023), Where is Banking-as-a Service Headed in 2024? Forbes Media L.L.C.

"Our one miss was underestimating the amount of time it would take to build and launch the technology that we designed," said Dick.  "With hindsight, the timing is perfect as we launch a solution that is purpose-built to meet the compliance and safety and soundness needs required not only by us but also by the industry. We are the resilient solution fintechs have been waiting for."

Avenu

Avenu is the only embedded banking solution that connects our partners and their apps directly and seamlessly to our purpose-built Avenu core solution. We are not a sponsor bank without our own technology, and we are not a middleware software company without our own bank. We are Avenu, a leading financial technology company owned by an established community bank in the heart of Washington, D.C.

Avenu's clients are fintechs, application developers, money movers, and entrepreneurs. They all have one thing in common: They are innovating how money moves to solve real-world issues and help communities thrive. We are focused on servicing our community and creating long-term business relationships.

About MainStreet Bank:

MainStreet operates six branches in Herndon, Fairfax, McLean, Leesburg, Clarendon, and Washington, D.C. MainStreet Bank has 55,000 free ATMs and a fully integrated online and mobile banking solution. The Bank is not restricted by a conventional branching system, as it can offer business customers the ability to Put Our Bank in Your Office®. With robust and easy-to-use online business banking technology, MainStreet has "put our bank" in thousands of businesses in the metropolitan area.

MainStreet Bank has a robust line of business and professional lending products, including government contracting lines of credit, commercial lines and term loans, residential and commercial construction, and commercial real estate. MainStreet also works with the SBA to offer 7A and 504 lending solutions. From sophisticated cash management to enhanced mobile banking and instant-issue debit cards, MainStreet Bank is always looking for ways to improve our customer's experience.

MainStreet Bank was the first community bank in the Washington, D.C., metropolitan area to offer a full online business banking solution. MainStreet Bank was also the first bank headquartered in the Commonwealth of Virginia to offer CDARS and ICS – solutions that provides multi-million-dollar FDIC insurance. Further information can be obtained by visiting mstreetbank.com/ics-cdars.

This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue,and similar expressions are intended to identify such forward-looking statements. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, adverse changes caused by geopolitical risks at the national and global level, adverse impact of a local, national or global health crisis, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.

 

MainStreet Bancshares, Inc

UNAUDITED CONSOLIDATED BALANCE SHEET INFORMATION

(In thousands)











March 31,

2024





December

31, 2023*





September

30, 2023





June 30,

2023





March 31,

2023



ASSETS









































Cash and cash equivalents









































Cash and due from banks



$

49,208





$

53,581





$

44,912





$

67,700





$

225,334



Federal funds sold





75,533







60,932







76,271







30,341









Total cash and cash equivalents





124,741







114,513







121,183







98,041







225,334



Investment securities available for sale, at fair value





58,699







59,928







56,726







60,579







63,209



Investment securities held to maturity, at amortized

cost, net of allowance for credit losses of $0 for all

periods





17,251







17,275







17,565







17,590







17,616



Restricted equity securities, at amortized cost





23,924







24,356







20,619







20,304







22,436



Loans, net of allowance for credit losses of $16,531,

$16,506, $15,626, $16,047, and $15,435, respectively





1,727,110







1,705,137







1,681,444







1,637,484







1,617,275



Premises and equipment, net





14,081







13,944







14,275







14,427







14,521



Accrued interest and other receivables





10,727







12,390







11,184







10,256







9,744



Computer software, net of amortization





15,691







14,657







13,373







12,266







10,559



Bank owned life insurance





38,609







38,318







38,035







37,763







37,503



Other assets





39,182







34,914







47,087







40,641







36,811



Total Assets



$

2,070,015





$

2,035,432





$

2,021,491





$

1,949,351





$

2,055,008



LIABILITIES AND STOCKHOLDERS' EQUITY









































Liabilities:









































Non-interest bearing deposits



$

348,945





$

364,606





$

394,859





$

388,992





$

487,875



Interest bearing demand deposits





165,331







137,128







76,423







71,308







100,522



Savings and NOW deposits





46,036







45,878







46,550







51,294







53,499



Money market deposits





446,903







442,179







461,398







380,500







260,316



Time deposits





725,520







696,336







703,960







701,289







730,076



Total deposits





1,732,735







1,686,127







1,683,190







1,593,383







1,632,288



Federal funds purchased











15,000













30,000







60,696



Federal Home Loan Bank advances





























45,000



Subordinated debt





72,741







72,642







72,543







72,444







72,344



Other liabilities





41,418







40,146







52,015







43,016







39,692



Total Liabilities





1,846,894







1,813,915







1,807,748







1,738,843







1,850,020



Stockholders' Equity:









































Preferred stock





27,263







27,263







27,263







27,263







27,263



Common stock





29,514







29,198







29,188







29,177







29,185



Capital surplus





65,940







65,985







65,407







64,768







64,213



Retained earnings





108,334







106,549







102,694







97,646







91,991



Accumulated other comprehensive loss





(7,930)







(7,478)







(10,809)







(8,346)







(7,664)



Total Stockholders' Equity





223,121







221,517







213,743







210,508







204,988



Total Liabilities and Stockholders' Equity



$

2,070,015





$

2,035,432





$

2,021,491





$

1,949,351





$

2,055,008





*Derived from audited financial statements

 

MainStreet Bancshares, Inc 

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME INFORMATION

(In thousands, except share and per share data)











Three Months Ended







March 31,

2024





December 31,

2023





September

30, 2023





June 30, 2023





March 31,

2023



INTEREST INCOME:









































Interest and fees on loans



$

30,487





$

30,849





$

29,750





$

28,855





$

26,731



Interest on investment securities









































Taxable securities





435







451







459







407







518



Tax-exempt securities





270







268







268







265







264



Interest on federal funds sold





1,182







1,510







1,217







1,179







1,132



Total interest income





32,374







33,078







31,694







30,706







28,645



INTEREST EXPENSE:









































Interest on interest bearing demand deposits





1,860







1,058







240







251







343



Interest on savings and NOW deposits





157







146







145







147







108



Interest on money market deposits





5,178







5,639







4,156







2,926







1,203



Interest on time deposits





8,833







8,257







7,526







7,077







4,144



Interest on federal funds purchased





107







25







35







201







38



Interest on Federal Home Loan Bank advances





46







118







186







13







906



Interest on subordinated debt





820







828







828







820







812



Total interest expense





17,001







16,071







13,116







11,435







7,554



Net interest income





15,373







17,007







18,578







19,271







21,091



(Recovery of) provision for credit losses





(195)







466







255







638







283



Net interest income after (recovery of) provision for credit

losses





15,568







16,541







18,323







18,633







20,808



NON-INTEREST INCOME:









































Deposit account service charges





469







510







514







535







590



Bank owned life insurance income





292







283







272







259







255



Other non-interest income





130







68







177







16







158



Total other income





891







861







963







810







1,003



NON-INTEREST EXPENSES:









































Salaries and employee benefits





7,488







7,129







6,924







6,595







7,621



Furniture and equipment expenses





935







804







713







772







498



Advertising and marketing





454







271







577







698







797



Occupancy expenses





435







397







375







426







486



Outside services





774







352







697







504







490



Administrative expenses





242







219







277







211







215



Other operating expenses





1,996







1,964







1,866







1,646







1,596



Total non-interest expenses





12,324







11,136







11,429







10,852







11,703



Income before income tax expense





4,135







6,266







7,857







8,591







10,108



Income tax expense





830







1,120







1,516







1,645







1,957



Net income





3,305







5,146







6,341







6,946







8,151



Preferred stock dividends





539







539







539







539







539



Net income available to common shareholders



$

2,766





$

4,607





$

5,802





$

6,407





$

7,612



Net income per common share, basic and diluted



$

0.36





$

0.61





$

0.77





$

0.85





$

1.01



Weighted average number of common shares, basic and

diluted





7,611,990







7,527,327







7,524,332







7,522,764







7,517,213



 

MainStreet Bancshares, Inc 

UNAUDITED LOAN, DEPOSIT AND BORROWING DETAIL

(In thousands)







March 31, 2024





December 31, 2023





March 31, 2023





Percentage Change







$ Amount





% of

Total





$ Amount





% of

Total





$ Amount





% of

Total





Last 3

Mos





Last 12

Mos



LOANS:

































































Construction and land development loans



$

408,903







23.4

%



$

429,637







24.9

%



$

415,078







25.3

%





-4.8

%





-1.5

%

Residential real estate loans





451,991







25.8

%





474,602







27.5

%





391,648







23.9

%





-4.8

%





15.4

%

Commercial real estate loans





813,387







46.5

%





743,827







43.1

%





737,019







45.0

%





9.4

%





10.4

%

Commercial and industrial loans





71,822







4.1

%





75,415







4.4

%





86,937







5.3

%





-4.8

%





-17.4

%

Consumer loans





2,902







0.2

%





3,610







0.1

%





7,534







0.5

%





-19.6

%





-61.5

%

Total Gross Loans



$

1,749,005







100.0

%



$

1,727,091







100.0

%



$

1,638,216







100.0

%





1.3

%





6.8

%

Less: Allowance for credit losses





(16,531)















(16,506)















(15,435)



























Net deferred loan fees





(5,364)















(5,448)















(5,506)



























Net Loans



$

1,727,110













$

1,705,137













$

1,617,275



























DEPOSITS:

































































Non-interest bearing deposits



$

348,945







20.1

%



$

364,606







21.6

%



$

487,875







29.9

%





-4.3

%





-28.5

%

Interest-bearing deposits:

































































Demand deposits





165,331







9.5

%





137,128







8.1

%





100,522







6.2

%





20.6

%





64.5

%

Savings and NOW deposits





46,036







2.7

%





45,878







2.7

%





53,499







3.3

%





0.3

%





-13.9

%

Money market accounts





446,903







25.8

%





442,179







26.2

%





260,316







15.9

%





1.1

%





71.7

%

Certificates of deposit $250,000 or

more





467,892







27.0

%





442,662







26.3

%





458,683







28.1

%





5.7

%





2.0

%

Certificates of deposit less than

$250,000





257,628







14.9

%





253,674







15.1

%





271,393







16.6

%





1.6

%





-5.1

%

Total Deposits



$

1,732,735







100.0

%



$

1,686,127







100.0

%



$

1,632,288







100.0

%





2.8

%





6.2

%

BORROWINGS:

































































Federal funds purchased











0.0

%





15,000







17.1

%





60,696







34.1

%





-100.0

%





-100.0

%

Federal Home Loan Bank advances











0.0

%











0.0

%





45,000







25.3

%





0.0

%





-100.0

%

Subordinated debt





72,741







100.0

%





72,642







82.9

%





72,344







40.6

%





0.1

%





0.5

%

Total Borrowings



$

72,741







100.0

%



$

87,642







100.0

%



$

178,040







100.0

%





-17.0

%





-59.1

%

Total Deposits and Borrowings



$

1,805,476













$

1,773,769













$

1,810,328















1.8

%





-0.3

%



































































Core customer funding sources (1)



$

1,312,746







72.7

%



$

1,252,534







70.7

%



$

1,156,279







63.9

%





4.8

%





13.5

%

Brokered and listing service sources (2)





419,989







23.3

%





433,593







24.4

%





476,009







26.3

%





-3.1

%





-11.8

%

Federal funds borrowed











0.0

%





15,000







0.8

%





60,696







3.3

%





-100.0

%





-100.0

%

Federal Home Loan Bank advances











0.0

%











0.0

%





45,000







2.5

%





0.0

%





-100.0

%

Subordinated debt (3)





72,741







4.0

%





72,642







4.1

%





72,344







4.0

%





0.1

%





0.5

%

Total Funding Sources



$

1,805,476







100.0

%



$

1,773,769







100.0

%



$

1,810,328







100.0

%





1.8

%





-0.3

%



(1)

Includes ICS, CDARS, and reciprocal deposits maintained by customers, which represent sweep accounts tied to customer operating accounts

(2)

Consists of certificates of deposit (CD) through multiple listing services and multiple brokered deposit services, as well as ICS and CDARS one-way certificates of deposit and regional money market accounts.



Excludes $210.9 million in core deposits placed in reciprocal networks for FDIC insurance coverage that will be classified as brokered deposits on the call report in pursuant to rule 12 CFR 337.6(e) as of March 31, 2024.

(3)

Subordinated debt obligation qualifies as Tier 2 capital at the holding company and Tier 1 capital at the Bank

 

MainStreet Bancshares, Inc U

NAUDITED AVERAGE BALANCE SHEETS, INTEREST AND RATES

(In thousands)







For the three months ended March 31,

2024





For the three months ended March 31,

2023







Average

Balance





Interest

Income/

Expense

(3)(4)





Average

Yields/ Rate

(annualized)

(3)(4)





Average

Balance





Interest

Income/

Expense

(3)(4)





Average

Yields/ Rate

(annualized)

(3)(4)



ASSETS:

















































Interest-earning assets:

















































Loans (1)(2)



$

1,728,761





$

30,487







7.07

%



$

1,599,756





$

26,731







6.78

%

Securities:

















































Taxable





56,001







435







3.12

%





57,600







518







3.65

%

Tax-exempt





37,420







342







3.66

%





37,941







334







3.57

%

Federal funds and interest

bearing deposits





91,993







1,182







5.15

%





118,670







1,132







3.87

%

Total interest-earning assets



$

1,914,175





$

32,446







6.80

%



$

1,813,967





$

28,715







6.42

%

Other assets





123,294























71,704



















Total assets



$

2,037,469





















$

1,885,671



















Liabilities and Stockholders' Equity:

















































Interest-bearing liabilities:

















































Interest-bearing demand

deposits



$

146,248





$

1,860







5.10

%



$

83,388





$

343







1.67

%

Savings and NOW deposits





44,219







157







1.42

%





51,943







108







0.84

%

Money market deposit accounts





433,654







5,178







4.79

%





225,037







1,203







2.17

%

Time deposits





710,019







8,833







4.99

%





673,441







4,144







2.50

%

Total interest-bearing deposits



$

1,334,140





$

16,028







4.82

%



$

1,033,809





$

5,798







2.27

%

Federal funds borrowed





7,476







107







5.74

%





2,965







38







5.20

%

FHLB advances





3,297







46







5.60

%





77,833







906







4.72

%

Subordinated debt





72,703







820







4.52

%





72,306







812







4.55

%

Total interest-bearing liabilities



$

1,417,616





$

17,001







4.81

%



$

1,186,913





$

7,554







2.58

%

Demand deposits and other liabilities





397,753























497,155



















Total liabilities



$

1,815,369





















$

1,684,068



















Stockholders' Equity





222,100























201,603



















Total Liabilities and Stockholders'

Equity



$

2,037,469





















$

1,885,671



















Interest Rate Spread





















1.99

%





















3.84

%

Net Interest Income











$

15,445





















$

21,161











Net Interest Margin





















3.24

%





















4.73

%



(1)

Includes loans classified as non-accrual

(2)

Total loan interest income includes amortization of deferred loan fees, net of deferred loan costs

(3)

Income and yields for all periods presented are reported on a tax-equivalent basis using the federal statutory rate of 21%

(4)

Refer to Appendix for reconciliation of non-GAAP measures

 

MainStreet Bancshares, Inc 

UNAUDITED SUMMARY FINANCIAL DATA

(Dollars in thousands except per share data)







At or For the Three Months Ended







March 31,







2024





2023



Per share Data and Shares Outstanding

















Earnings per common share (basic and diluted)



$

0.36





$

1.01



Book value per common share



$

25.72





$

23.62



Tangible book value per common share(2)



$

23.66





$

22.22



Weighted average common shares (basic and diluted)





7,611,990







7,517,213



Common shares outstanding at end of period





7,614,090







7,524,277



Performance Ratios

















Return on average assets (annualized)





0.65

%





1.75

%

Return on average equity (annualized)





5.97

%





16.40

%

Return on average common equity (annualized)





5.69

%





17.71

%

Yield on earning assets (FTE) (2) (annualized)





6.80

%





6.42

%

Cost of interest bearing liabilities (annualized)





4.81

%





2.58

%

Net interest spread (FTE)(2)





1.99

%





3.84

%

Net interest margin (FTE)(2) (annualized)





3.24

%





4.73

%

Noninterest income as a percentage of average assets (annualized)





0.18

%





0.22

%

Noninterest expense to average assets (annualized)





2.43

%





2.52

%

Efficiency ratio(3)





75.77

%





52.97

%

Asset Quality

















Allowance for credit losses (ACL)

















Beginning balance, ACL - loans



$

16,506





$

14,114



Add: current expected credit losses, nonrecurring adoption











895



Add: recoveries





2







11



Less: charge-offs





(141)









Add: provision for (recovery of) credit losses - loans





164







415



Ending balance, ACL - loans



$

16,531





$

15,435





















Beginning balance, reserve for unfunded commitment (RUC)



$

1,009





$



Add: current expected credit losses, nonrecurring adoption











1,310



Add: provision for (recovery of) unfunded commitments, net





(359)







(132)



Ending balance, RUC



$

650





$

1,178



Total allowance for credit losses



$

17,181





$

16,613





















Allowance for credit losses on loans to total gross loans





0.95

%





0.94

%

Allowance for credit losses to total gross loans





0.98

%





1.01

%

Allowance for credit losses on loans to non-performing loans





1.78X







N/A



Net charge-offs (recoveries) to average gross loans (annualized)





0.03

%





0.00

%

Concentration Ratios

















Commercial real estate loans to total capital (4)





364.65

%





372.12

%

Construction loans to total capital (5)





130.06

%





140.78

%

Non-performing Assets

















Loans 30-89 days past due to total gross loans





0.22

%





0.00

%

Loans 90 days past due to total gross loans





0.51

%





0.00

%

Non-accrual loans to total gross loans





0.53

%





0.00

%

Other real estate owned



$





$



Non-performing loans



$

9,263





$



Non-performing assets to total assets





0.45

%





0.00

%

Regulatory Capital Ratios (Bank only)(1)

















Total risk-based capital ratio





17.05

%





16.35

%

Tier 1 risk-based capital ratio





16.12

%





15.49

%

Leverage ratio





14.54

%





14.69

%

Common equity tier 1 ratio





16.12

%





15.49

%

Other information

















Closing stock price



$

18.16





$

23.49



Tangible equity / tangible assets (2)





10.10

%





9.51

%

Average tangible equity / average tangible assets (2)





10.24

%





10.22

%

Number of full time equivalent employees





191







170



Number of full service branch offices





6







6





(1)

Regulatory capital ratios as of March 31, 2024 are preliminary

(2)

Refer to Appendix for reconciliation of non-GAAP measures

(3)

Efficiency ratio is calculated as non-interest expense as a percentage of net interest income and non-interest income

(4)

Commercial real estate includes only non-owner occupied and construction loans as a percentage of Bank capital

(5)

Construction loans as a percentage of Bank capital

 

MainStreet Bancshares, Inc

Unaudited Reconciliation of Certain Non-GAAP Financial Measures

(Dollars In thousands)







For the three months ended March

31,







2024





2023



Net interest margin (FTE)

















Net interest income (GAAP)



$

15,373





$

21,091



FTE adjustment on tax-exempt securities





72







70



Net interest income (FTE) (non-GAAP)





15,445







21,161





















Average interest earning assets





1,914,175







1,813,967



Net interest margin (GAAP)





3.22

%





4.72

%

Net interest margin (FTE) (non-GAAP)





3.24

%





4.73

%







For the three months ended March

31,







2024





2023



Yield on earning assets (FTE)

















Total interest income



$

32,374





$

28,645



FTE adjustment on tax-exempt securities





72







70



Total interest income (FTE) (non-GAAP)





32,446







28,715





















Average interest earning assets





1,914,175







1,813,967



Yield on earning assets (GAAP)





6.78

%





6.40

%

Yield on earning assets (FTE) (non-GAAP)





6.80

%





6.42

%







For the three months ended

March 31,







2024





2023



Net interest spread (FTE)

















Yield on earning assets (GAAP)





6.78

%





6.40

%

Yield on earning assets (FTE) (non-GAAP)





6.80

%





6.42

%



















Yield on interest-bearing liabilities





4.81

%





2.58

%

Net interest spread (GAAP)





1.97

%





3.82

%

Net interest spread (FTE) (non-GAAP)





1.99

%





3.84

%







As of March 31,







2024





2023



Tangible common stockholders' equity

















Total stockholders' equity (GAAP)



$

223,121





$

204,988



Less: intangible assets





(15,691)







(10,559)



Tangible stockholders' equity (non-GAAP)





207,430







194,429



Less: preferred stock





(27,263)







(27,263)



Tangible common stockholders' equity (non-GAAP)





180,167







167,166





















Common shares outstanding





7,614,090







7,524,277



Tangible book value per common share (non-GAAP)



$

23.66





$

22.22









As of March 31,







2024





2023



Total tangible assets

















Total assets (GAAP)



$

2,070,015





$

2,055,008



Less: intangible assets





(15,691)







(10,559)



Total tangible assets (non-GAAP)





2,054,324







2,044,449









For the three months ended March

31,







2024





2023



Average tangible stockholders' equity

















Total average stockholders' equity (GAAP)



$

222,100





$

201,603



Less: average intangible assets





(15,078)







(9,879)



Total average tangible stockholders' equity (non-GAAP)





207,022







191,724









For the three months ended March

31,







2024





2023



Average tangible assets

















Total average assets (GAAP)



$

2,037,469





$

1,885,671



Less: average intangible assets





(15,078)







(9,879)



Total average tangible assets (non-GAAP)





2,022,391







1,875,792



   

Contact:

Debra Cope

Director of Corporate Communications

Desk (703) 481-4599

Mobile (202) 468-3184

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mainstreet-bancshares-inc-reports-a-profitable-first-quarter-302122996.html

SOURCE MainStreet Bancshares, Inc.

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