MainStreet Bank in Herndon, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


MainStreet Bank - Overview

  • General
  • FDIC Certificate #: 57742
    Status: Active
    Federal Reserve ID: 3248849
    Date Established: May 26, 2004
    WWW: http://www.mstreetbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 423301
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 26, 2004
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 727 Elden Street, Herndon, VA 20170
    County: Fairfax
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $282.5 mil
    Equity capital: $24.6 mil
    Deposits held in domestic offices: $249.7 mil
    Return on assets (ROA): 0.42% ($1.2 mil)
    Quarterly return on assets: -0.04% (-$0.1 mil)
    Return on Equity (ROE): 4.57% ($1.1 mil)
    Quarterly return on equity: -0.49% (-$0.1 mil)
    Net income: $1.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.64% ($1,807.8 mil)
    Quarterly Pretax return on assets: -0.09% (-$254.2 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 51Total employees (full-time equivalent)
  • $282,467Total assets
  • $5,270Cash and due from depository institutions
  • $4,471Interest-bearing balances
  • $62,068Securities
  • $1,903Federal funds sold & reverse repurchase agreements
  • $198,563Net loans & leases
  • $3,587Loan loss allowance
  • $0Trading account assets
  • $8,966Bank premises and fixed assets
  • $800Other real estate owned
  • $0Goodwill and other intangibles
  • $282,467Life insurance assets
  • $4,897All other assets
  • $257,894Total liabilities and capital
  • $249,664Total liabilities
  • $209,501Total deposits
  • $249,664Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 2226.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,442Trading liabilities
  • $0Other borrowed funds
  • $562Subordinated debt
  • $24,573All other liabilities
  • $24,573Total equity capital
  • $24,573Total bank equity capital
  • $0Perpetual preferred stock
  • $9,995Common stock
  • $15,250Surplus
  • $-672Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,181Income earned, not collected on loans
  • $795Earning assets
  • $970Long-term assets (5+ years)
  • $267,005Average Assets, year-to-date
  • $93,941Average Assets, quarterly
  • $258,523Volatile liabilities
  • $273,933Insider loans
  • $214,215FHLB advances
  • $273,703Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,189Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,078Restructured Loans and leases
  • $4,684Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,934Total interest income
  • $2,837Total interest expense
  • $10,097Net interest income
  • $520Provision for loan and lease losses
  • $830Total noninterest income
  • $0Fiduciary activities
  • $161Service charges on deposit accounts
  • $0Trading account gains & fees
  • $669Additional noninterest income
  • $8,862Total noninterest expense
  • $4,813Salaries and employee benefits
  • $1,366Premises and equipment expense
  • $2,683Additional noninterest expense
  • $1,545Pre-tax net operating income
  • $113Securities gains (losses)
  • $569Applicable income taxes
  • $1,089Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,089Net income attributable to bank
  • $0Net charge-offs
  • $1,089Cash dividends
  • $639Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 4.57%Return on equity (ROE)
  • 4.57%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 81.38%Credit loss provision to net charge-offs
  • 3.23%Efficiency ratio
  • 81,102Assets per employee
  • 5.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 69.23%Noncurrent assets plus other real estate owned to assets
  • 2.12%Noncurrent loans to loans
  • 2.56%Net loans and leases to deposits
  • 79.53%Net loans and leases to core deposits
  • 105.55%Equity capital to assets
  • 8.70%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 11.29%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $258,523Average earning assets
  • $23,836Average equity
  • $244,646Average loans

List of branches

  • 4 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0423301Mainstreet Bank727 Elden Street, Herndon, VA 20170May 26, 2004Full Service Brick and Mortar
    1468521Chain Bridge Road Branch4029 Chain Bridge Road, Fairfax, VA 22030April 02, 2007Full Service Brick and Mortar
    2500306Mclean Branch6832 Old Dominion Drive, Suite 105, Mc Lean, VA 22101December 14, 2009Full Service Brick and Mortar
    3510991Arlington Branch1000 N. Highland Street, Arlington, VA 22201April 06, 2010Full Service Brick and Mortar

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