The bank maintains a thin equity-to-assets ratio of 0.10, while its heavy reliance on a $1.9 billion investment securities portfolio against $2.2 billion in total assets exposes the institution to significant duration risk.
MainStreet Bancshares, Inc. (MNSB) balance sheet — 21-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Cash & Short Term Investments | 329.56M | 26.85M | 48.92M | 113.51M | 111.56M | 161.74M | 223.35M | 146.17M | 83.86M | 88.81M | 53.63M | 40.87M | 45.81M | 30.35M | 7.66M | 0 | 0 | 11.25M | 2.08M | 1.32M | 427.63K | 974.08K |
| Cash & Due from Banks | 30.13M | 26.45M | 47.55M | 53.58M | 48.93M | 61.83M | 75.94M | 53.38M | 27.89M | 37.49M | 17.27M | 7.21M | 7.17M | 4.27M | 6.35M | 0 | 0 | 11.25M | 2.08M | 1.32M | 427.63K | 974.08K |
| Short Term Investments | 0 | 399K | 1.37M | 59.93M | 62.63M | 99.91M | 147.41M | 92.79M | 55.98M | 51.31M | 36.35M | 33.66M | 38.64M | 26.08M | 1.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 2.09B | 1.92B | 1.88B | 1.78B | 1.66B | 1.46B | 1.46B | 1.15B | 999.28M | 733.17M | 527.99M | 451.81M | 321.6M | 258M | 250.46M | 0 | 209.66M | 170.13M | 138.12M | 98.67M | 75.78M | 43.87M |
| Investments Growth % | 18.41% | 1.81% | 5.61% | 7.36% | 13.56% | 0.32% | 27.04% | 14.8% | 36.3% | 38.86% | 16.86% | 40.49% | 24.65% | 3.01% | - | -100% | 23.23% | 23.18% | 39.98% | 30.21% | 72.74% | - |
| Long-Term Investments | 7.72B | 1.92B | 1.88B | 1.72B | 1.6B | 1.36B | 1.31B | 1.05B | 943.3M | 681.86M | 491.64M | 418.15M | 282.96M | 231.92M | 249.15M | 0 | 209.66M | 170.13M | 138.12M | 98.67M | 75.78M | 43.87M |
| Accounts Receivables | 0 | 14.52M | 11.31M | 12.39M | 9.58M | 7.7M | 9.6M | 5.42M | 5.15M | 3.85M | 2.26M | 1.88M | 1.14M | 886.13K | 0 | 0 | 788.57K | 807.12K | 0 | 661.82K | 392.98K | 143.28K |
| Goodwill & Intangibles | 0 | 0 | 0 | 14.66M | 9.15M | 2.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 14.66M | 9.15M | 2.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 13.19M | 13.53M | 13.29M | 13.94M | 14.71M | 14.86M | 14.29M | 14.15M | 14.22M | 13.96M | 12.31M | 12.53M | 12.9M | 11.52M | 12.08M | 9.19M | 2M | 912.67K | 1.15M | 826.92K | 802.82K | 777.45K |
| Other Assets | 97.08M | 241.78M | 273.57M | 158.52M | 183.16M | 98.5M | 86.02M | 57.28M | 54.08M | 19.47M | 15.88M | 4.83M | 2.16M | 2.63M | 889.02K | -9.19M | 23.62M | 3.22M | 4.72M | 4.25M | 5.5M | 447.7K |
| Total Current Assets | 47.46M | 41.37M | 60.23M | 125.9M | 121.14M | 169.44M | 232.95M | 151.59M | 89.01M | 92.66M | 55.89M | 42.75M | 46.96M | 31.24M | 9.38M | 0 | 788.57K | 12.06M | 2.08M | 1.98M | 820.62K | 1.12M |
| Total Non-Current Assets | 2.2B | 2.17B | 2.17B | 1.91B | 1.8B | 1.48B | 1.41B | 1.13B | 1.01B | 715.29M | 519.82M | 435.5M | 298.02M | 246.08M | 262.12M | 0 | 235.28M | 174.27M | 143.99M | 103.75M | 82.08M | 45.09M |
| Total Assets | 2.24B | 2.21B | 2.23B | 2.04B | 1.93B | 1.65B | 1.64B | 1.28B | 1.1B | 807.95M | 575.71M | 478.25M | 344.98M | 277.31M | 271.49M | 282.47M | 236.06M | 186.33M | 146.06M | 105.73M | 82.9M | 46.21M |
| Asset Growth % | 0.91% | -0.69% | 9.47% | 5.7% | 16.9% | 0.26% | 28.57% | 16.12% | 36.22% | 40.34% | 20.38% | 38.63% | 24.4% | 2.14% | -3.88% | 19.66% | 26.69% | 27.56% | 38.15% | 27.53% | 79.4% | - |
| Return on Assets (ROA) | 0.79% | 0.7% | -0.47% | 1.34% | 1.49% | 1.35% | 1.08% | 1.17% | 0.97% | 0.56% | 0.74% | 0.53% | 0.56% | 0.37% | 0.02% | 0.42% | 0.25% | 0.06% | -0.39% | 0.05% | -1.25% | -2.57% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 70.1M | 69.94M | 73.04M | 87.64M | 172.25M | 29.29M | 14.83M | 54.8M | 54.78M | 68.53M | 54.21M | 49.53M | 1.9M | 1.5M | 4.72M | 7.67M | 23.25M | 21.88M | 14.28M | 5.74M | 5.74M | 36K |
| Net Debt | 39.98M | 43.48M | 25.49M | 34.06M | 123.31M | -32.53M | -61.1M | 1.43M | 26.89M | 31.04M | 36.94M | 42.32M | -5.27M | -2.78M | -1.63M | 7.67M | 23.25M | 10.63M | 12.21M | 4.42M | 5.31M | -938.08K |
| Long-Term Debt | 70.1M | 69.94M | 73.04M | 72.64M | 172.25M | 29.29M | 14.83M | 54.8M | 54.78M | 68.53M | 54.21M | 49.51M | 1.49M | 1.38M | 4.39M | 5.44M | 20.54M | 20.59M | 5.64M | 5.69M | 5.74M | 0 |
| Short-Term Debt | 0 | 0 | 0 | 15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.67K | 410.99K | 114.55K | 327.49K | 2.23M | 2.71M | 1.29M | 3M | 50.01K | 0 | 36K |
| Other Liabilities | 24.24M | 24.96M | 39.27M | 40.15M | 42.34M | 17.36M | 22.42M | 13.9M | 4.45M | 2.97M | 1.54M | 1.04M | 954K | 162.91K | 242.12M | -5.44M | 636.74K | 558.3K | -4.95M | 495.79K | 317.52K | 137.38K |
| Total Current Liabilities | 1.93B | 1.9B | 1.91B | 1.7B | 1.51B | 1.41B | 1.44B | 1.07B | 920.14M | 667.65M | 473.57M | 385.57M | 302.77M | 250.48M | 327.49K | 0 | 192.55M | 143.75M | 118.46M | 78.05M | 55.56M | 35.71M |
| Total Non-Current Liabilities | 94.34M | 94.89M | 112.31M | 112.79M | 214.58M | 46.65M | 37.25M | 68.7M | 59.23M | 71.5M | 55.75M | 50.55M | 2.45M | 1.55M | 246.51M | 0 | 21.18M | 21.15M | 6.34M | 6.19M | 6.06M | 137.38K |
| Total Liabilities | 2.03B | 1.99B | 2.02B | 1.81B | 1.73B | 1.46B | 1.48B | 1.14B | 979.36M | 739.15M | 529.32M | 436.13M | 305.21M | 252.02M | 246.83M | 257.89M | 213.73M | 164.9M | 124.8M | 84.24M | 61.62M | 35.85M |
| Total Equity | 214.44M | 218.59M | 207.99M | 221.52M | 198.28M | 188.79M | 167.66M | 137.03M | 121.25M | 68.8M | 46.4M | 42.12M | 39.76M | 25.29M | 24.66M | 24.57M | 22.34M | 21.43M | 21.27M | 21.49M | 21.29M | 10.36M |
| Equity Growth % | 4.71% | 5.1% | -6.11% | 11.72% | 5.03% | 12.6% | 22.35% | 13.02% | 76.23% | 48.29% | 10.14% | 5.94% | 57.21% | 2.56% | 0.36% | 10% | 4.24% | 0.77% | -1.05% | 0.97% | 105.4% | - |
| Equity / Assets (Capital Ratio) | 9.56% | 9.88% | 9.33% | 10.88% | 10.3% | 11.46% | 10.2% | 10.72% | 11.02% | 8.52% | 8.06% | 8.81% | 11.53% | 9.12% | 9.08% | 8.7% | 9.46% | 11.5% | 14.56% | 20.33% | 25.68% | 22.43% |
| Return on Equity (ROE) | 8% | 7.32% | -4.65% | 12.67% | 13.78% | 12.44% | 10.32% | 10.8% | 9.69% | 6.74% | 8.76% | 5.3% | 5.39% | 4.06% | 0.18% | 4.64% | 2.37% | 0.47% | -2.32% | 0.22% | -5.09% | -11.48% |
| Book Value per Share | 29.25 | 28.56 | 27.35 | 29.45 | 26.34 | 24.98 | 20.62 | 16.61 | 18.23 | 14.40 | 10.37 | 9.48 | 13.89 | 8.96 | 8.76 | 8.97 | 8.29 | 8.41 | 8.35 | 8.44 | 12.40 | 7.88 |
| Tangible BV per Share | 29.25 | 28.56 | 27.35 | 27.50 | 25.12 | 24.65 | 20.62 | 16.61 | 18.23 | 14.40 | 10.37 | 9.48 | 13.89 | 8.96 | 8.76 | 8.97 | 8.29 | 8.41 | 8.35 | 8.44 | 12.40 | 7.88 |
| Common Stock | 27.43M | 29.01M | 29.47M | 29.2M | 28.74M | 29.47M | 29.13M | 32.4M | 32.18M | 21.44M | 16.65M | 16.52M | 16.39M | 10.27M | 10.14M | 9.99M | 9.77M | 9.72M | 9.74M | 9.69M | 9.66M | 4.99M |
| Additional Paid-in Capital | 57.48M | 66.53M | 67.82M | 65.98M | 64M | 67.67M | 66.12M | 75.12M | 74.26M | 35.69M | 22.15M | 21.84M | 21.63M | 15.39M | 15.32M | 15.25M | 15.05M | 14.98M | 14.8M | 14.89M | 14.78M | 7.35M |
| Retained Earnings | 107.78M | 101.56M | 91.15M | 106.55M | 86.83M | 64.19M | 44.18M | 29.1M | 15.19M | 11.69M | 7.8M | 3.92M | 1.76M | 2.41K | -1.01M | -1.06M | -2.56M | -3.08M | -3.18M | -2.68M | -2.73M | -1.93M |
| Accumulated OCI | -5.52M | -5.77M | -7.71M | -7.48M | -8.55M | 197K | 977K | 423K | -367K | -19.55K | -208K | -152K | -9.46K | -370.82K | 211.59K | 383.54K | 78.53K | -196K | -94.53K | -407.46K | -417.5K | -45.72K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 27.26M | 27.26M | 27.26M | 27.26M | 27.26M | 27.26M | 27.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying MNSB stock.
As of 2025, MainStreet Bancshares, Inc. (MNSB) had total assets of $2.21B including $41.4M in current assets.
MainStreet Bancshares, Inc. (MNSB) carries total debt of $69.9M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
MainStreet Bancshares, Inc. (MNSB) has total shareholders' equity (book value) of $218.6M ($28.56 book value per share). Book value represents the net worth of the company belonging to common stock holders.
MainStreet Bancshares, Inc. (MNSB) reported a current ratio of 0.02x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
CRE and Funding Concentration
Metrics are mathematically derived from official filings.
Asset Growth Stagnation Amidst Complexity
According to quarterly financial data, MNSB's total assets have remained largely flat at $2.2 billion since 2024Q1, suggesting that the bank is struggling to achieve meaningful organic expansion while balancing its traditional commercial lending book with the capital-intensive development of its Avenu digital platform.
The lack of asset growth over the past ten quarters indicates that the bank may be prioritizing balance sheet stability over aggressive market share acquisition. This stagnation warrants investigation into whether the current capital allocation is sufficient to support both the specialized government contracting niche and the scaling of digital infrastructure.
Thin Capital Buffers Limit Flexibility
As reported in financial statements, MNSB maintains an equity-to-assets ratio of approximately 0.10, a level that has remained remarkably consistent despite significant earnings volatility, suggesting a constrained capital position that may limit the bank's ability to absorb unexpected credit shocks or fund future strategic initiatives.
The persistent 10% equity-to-assets ratio implies a lean capital structure that leaves little room for error in the event of a downturn in the D.C. commercial real estate market. Investors should monitor whether this thin buffer necessitates future capital raises or restricts the bank's capacity for dividend distributions.
Securities Portfolio Dominates Asset Mix
Based on reported figures, MNSB holds approximately $1.9 billion in investment securities against $2.2 billion in total assets, revealing a heavy reliance on a securities-heavy balance sheet that may expose the institution to duration risk and interest rate sensitivity in the current volatile macro environment.
The high concentration of investment securities relative to total assets suggests that the bank's liquidity profile is heavily tied to the performance and market value of its bond portfolio. This structure may limit the bank's ability to pivot toward higher-yielding loan opportunities if the competitive landscape for government contracting credit shifts.
Concentration Risk in D.C. Corridor
As evidenced by the bank's geographic footprint and sector focus, MNSB's balance sheet is highly susceptible to localized economic shocks, particularly within the Northern Virginia and D.C. office markets, which represent a significant, non-obvious risk to the bank's long-term asset quality and overall stability.
While the bank's niche in government contracting provides a perceived safety net, the underlying concentration in commercial real estate within a single metropolitan area warrants further investigation. The potential for credit migration in this portfolio could disproportionately impact the bank's thin capital base, making it more vulnerable than its peers.