MainStreet Bancshares, Inc. (MNSB) Bundle
An Overview of MainStreet Bancshares, Inc. (MNSB)
General Summary of MainStreet Bancshares, Inc. (MNSB)
MainStreet Bancshares, Inc. (MNSB) is a bank holding company headquartered in McLean, Virginia. The company provides financial services through its subsidiary, MainStreet Bank.
- Founded in 2003
- Operates primarily in Virginia and Maryland
- Total assets as of Q4 2023: $1.54 billion
- Number of full-service branches: 14
Primary financial products and services include:
- Commercial and industrial lending
- Real estate financing
- Business checking and savings accounts
- Personal banking services
- Wealth management
Financial Performance Highlights
| Financial Metric | 2023 Value | Year-over-Year Change |
|---|---|---|
| Net Income | $23.4 million | +8.2% |
| Total Deposits | $1.32 billion | +5.7% |
| Loan Portfolio | $1.16 billion | +6.5% |
| Return on Equity (ROE) | 12.3% | +1.1 percentage points |
Industry Leadership Position
MainStreet Bancshares ranks among the top regional banks in the Mid-Atlantic region, with consistent growth and strong financial performance.
- Market capitalization: $340 million
- Stock ticker: NASDAQ: MNSB
- Efficiency ratio: 55.6%
- Tier 1 Capital Ratio: 13.2%
Mission Statement of MainStreet Bancshares, Inc. (MNSB)
Mission Statement of MainStreet Bancshares, Inc. (MNSB)
MainStreet Bancshares, Inc. (MNSB) operates with a precise mission statement focused on delivering comprehensive financial services to local communities.
Core Components of Mission Statement
Financial Performance Metrics
| Metric | 2024 Value |
|---|---|
| Total Assets | $1.2 billion |
| Net Income | $24.3 million |
| Return on Equity | 12.4% |
Strategic Service Objectives
- Provide personalized banking solutions
- Support local business growth
- Deliver innovative digital banking platforms
Community Banking Focus
Geographic Concentration: Virginia and Maryland metropolitan regions
Technology Investment
| Technology Area | 2024 Investment |
|---|---|
| Digital Banking Platform | $3.7 million |
| Cybersecurity Enhancements | $1.2 million |
Customer Service Metrics
- Customer Satisfaction Rate: 94.6%
- Average Response Time: 2.3 hours
- Digital Banking Adoption: 68.5%
Vision Statement of MainStreet Bancshares, Inc. (MNSB)
Vision Statement Overview: MainStreet Bancshares, Inc. (MNSB) 2024
Strategic Vision ComponentsMainStreet Bancshares, Inc. vision statement focuses on strategic growth, community banking, and technological innovation as of 2024.
Financial Performance Metrics
| Metric | 2024 Value |
|---|---|
| Total Assets | $1.87 billion |
| Net Income | $42.3 million |
| Return on Equity | 12.4% |
| Loan Portfolio | $1.52 billion |
Technology and Innovation Strategy
Digital Banking Capabilities- Mobile banking platform with 98,000 active users
- Digital transaction volume: $476 million annually
- AI-powered customer service integration
- Cybersecurity investment: $3.2 million
Community Banking Focus
Serving 7 counties across Virginia with 22 physical branch locations.
| Community Metric | 2024 Data |
|---|---|
| Small Business Loans | $287 million |
| Community Development Investments | $4.6 million |
Geographic Market Presence
Primarily operating in Northern Virginia and Washington D.C. metropolitan regions.
- Market share in target regions: 6.3%
- Customer base: 142,000 accounts
- Average customer relationship value: $42,500
Core Values of MainStreet Bancshares, Inc. (MNSB)
Core Values of MainStreet Bancshares, Inc. (MNSB)
Community Commitment
MainStreet Bancshares, Inc. demonstrates community commitment through targeted financial support and local engagement.
| Community Investment Metrics | 2024 Data |
|---|---|
| Local Community Lending | $87.4 million |
| Small Business Loans | $42.6 million |
| Community Development Grants | $1.2 million |
Customer-Centric Approach
Customer service remains a critical core value for MainStreet Bancshares.
- Digital Banking Platforms Engagement: 76,342 active users
- Customer Satisfaction Rate: 94.3%
- Average Response Time: 12.4 minutes
Operational Integrity
MainStreet Bancshares maintains rigorous compliance and ethical standards.
| Compliance Metrics | 2024 Performance |
|---|---|
| Regulatory Audit Scores | 98.7/100 |
| Internal Control Effectiveness | 99.2% |
| Ethical Reporting Incidents | 3 total |
Innovation and Technology
Technological advancement remains a key strategic focus for MainStreet Bancshares.
- Technology Investment: $4.3 million
- New Digital Product Launches: 7
- Cybersecurity Investment: $2.1 million
Employee Development
MainStreet Bancshares prioritizes workforce growth and professional development.
| Employee Development Metrics | 2024 Data |
|---|---|
| Training Hours per Employee | 42 hours |
| Internal Promotion Rate | 34% |
| Employee Retention Rate | 89.6% |
MainStreet Bancshares, Inc. (MNSB) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.