MainStreet Bancshares (Nasdaq: MNSB) Q2 2026 net income reaches $4.7M

Q: What were MainStreet Bancshares (MNSB) earnings for the second quarter of 2026?

MainStreet Bancshares reported net income of $4.7 million for Q2 2026, a 14% increase from the prior quarter, with earnings per common share of $0.58 . Net interest income was $18.2 million and efficiency ratio was 65.44%.

Q: How did MainStreet Bancshares (MNSB) net interest margin perform in Q2 2026?

Net interest margin on a tax-equivalent basis was 3.53% for Q2 2026. The yield on earning assets was 6.20% , while the cost of interest-bearing liabilities was 3.44% , producing a tax-equivalent net interest spread of 2.76% .

Q: What is the asset quality profile of MainStreet Bancshares (MNSB) as of June 30, 2026?

Asset quality showed nonperforming assets at 2.77% of total assets and non-accrual loans at 3.14% of total gross loans . Loans 30–89 days past due were 0.79% of gross loans, and the company reported zero net charge-offs in the quarter.

Q: How well capitalized is MainStreet Bancshares (MNSB) at mid-2026?

The bank reported a total risk-based capital ratio of 15.14% , Tier 1 and CET1 ratios of 14.14% , and a leverage ratio of 12.78% . Total equity to total assets was 9.56% , indicating a strong regulatory capital position.

Q: What loan and deposit levels did MainStreet Bancshares (MNSB) report at June 30, 2026?

Net loans were $1,928,372 thousand and total deposits were $1,934,305 thousand at June 30, 2026. This produced a 100% loan-to-deposit ratio , reflecting close alignment between lending and funding bases.

Q: Did MainStreet Bancshares (MNSB) repurchase shares in the second quarter of 2026?

Yes. The company repurchased 207,000 common shares in Q2 2026, which management stated were accretive to tangible book value. Book value per common share was $26.30 , with 7,117,438 common shares outstanding at period end.

Q: How did MainStreet Bancshares (MNSB) perform year-to-date through June 30, 2026?

For the first six months of 2026, net income was $8.8 million , with earnings per common share of $1.05 . Return on average assets was 0.81% and return on average equity was 8.19% on an annualized basis.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

MainStreet Bancshares, Inc. reported unaudited results for the quarter ended June 30, 2026. Net income was $4.7 million, a 14% increase from the previous quarter, and earnings per common share were $0.58. Net interest margin on a tax-equivalent basis expanded to 3.53%, supported by disciplined expense management and an efficiency ratio of 65.44%.

Loans, net of allowance, totaled $1,928,372 thousand and deposits were $1,934,305 thousand, resulting in a 100% loan-to-deposit ratio. Asset quality metrics included nonperforming assets at 2.77% of total assets, loans 30–89 days past due at 0.79% of total loans, and zero net charge-offs for the quarter.

The company repurchased 207,000 common shares, helping increase tangible book value per share to $26.30, while book value per common share was also $26.30. The bank remained strongly capitalized, with a total risk-based capital ratio of 15.14%, Tier 1 and common equity Tier 1 ratios of 14.14%, and a leverage ratio of 12.78%.

Filing Explained

This July 20 Form 8-K furnishes, rather than files, the company’s unaudited second-quarter results under Item 2.02 and an investor presentation under Item 7.01; the materials are not subject to Section 18 liability or incorporated by reference unless expressly stated.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income Q2 2026: $4.7 million Earnings per common share Q2 2026: $0.58 Net loans: 1,928,372 (in thousands) +5 more

8 metrics

Net income Q2 2026 $4.7 million Net income for the quarter ended June 30, 2026; 14% increase from previous quarter

Earnings per common share Q2 2026 $0.58 Basic and diluted EPS for the three months ended June 30, 2026

Net loans 1,928,372 (in thousands) Loans, net of allowance for credit losses, as of June 30, 2026

Total deposits 1,934,305 (in thousands) Total deposits outstanding as of June 30, 2026

Net interest margin (FTE) 3.53% Tax-equivalent net interest margin for the three months ended June 30, 2026

Nonperforming assets ratio 2.77% Non-performing assets to total assets as of June 30, 2026

Total risk-based capital ratio 15.14% Preliminary bank-level total risk-based capital ratio at June 30, 2026

Common shares repurchased 207,000 shares Common stock repurchased during the quarter ended June 30, 2026

Key Terms

net interest margin, efficiency ratio, nonperforming assets, allowance for credit losses, +2 more

6 terms

net interest margin financial

"The net interest margin expansion continued, rising to 3.53% for the quarter."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

efficiency ratio financial

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

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

nonperforming assets financial

"Nonperforming assets to total assets settled at 2.77% while loans 30-89 days past due"

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

allowance for credit losses financial

"Allowance for credit losses on loans to total gross loans 0.99%"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

Tier 1 risk-based capital ratio financial

"Tier 1 risk-based capital ratio 14.14% as of June 30, 2026"

A Tier 1 risk-based capital ratio measures a bank’s core financial cushion—its highest-quality capital such as common equity—relative to the size and risk of its assets, where riskier loans count for more. Think of it as the safety margin a bank keeps against losses compared to the amount and riskiness of what it owns; investors use it to judge a bank’s solvency, regulatory strength, and ability to withstand shocks or sustain payouts.

CDARS financial

"Includes ICS, CDARS, and reciprocal deposits maintained by customers"

CDARS (Certificate of Deposit Account Registry Service) is a banking network that splits a large cash deposit into smaller amounts and places them as certificates of deposit at multiple banks so the full balance can stay within federal deposit insurance limits. For investors and cash managers it functions like a money-safety conveyor belt: you keep a single relationship with one bank but gain broader insurance protection and simplified reporting, reducing the risk of uninsured bank exposure.

Earnings Snapshot

Net income: $4.7 million

quarter ended June 30, 2026

Net income $4.7 million 14% increase from previous quarter

Earnings per common share $0.58 up from $0.48 in the first quarter of 2026

Net interest margin (FTE) 3.53% described as continued net interest margin expansion

Book value per common share $26.30 up from $24.17 a year earlier

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Understanding 8-K Material Events →

Available on EDGAR 07/20/2026 - 08:00 AM Accepted by SEC EDGAR 07/20/2026 - 08:00 AM

FAQ

What were MainStreet Bancshares (MNSB) earnings for the second quarter of 2026?

MainStreet Bancshares reported net income of $4.7 million for Q2 2026, a 14% increase from the prior quarter, with earnings per common share of $0.58. Net interest income was $18.2 million and efficiency ratio was 65.44%.

How did MainStreet Bancshares (MNSB) net interest margin perform in Q2 2026?

Net interest margin on a tax-equivalent basis was 3.53% for Q2 2026. The yield on earning assets was 6.20%, while the cost of interest-bearing liabilities was 3.44%, producing a tax-equivalent net interest spread of 2.76%.

What is the asset quality profile of MainStreet Bancshares (MNSB) as of June 30, 2026?

Asset quality showed nonperforming assets at 2.77% of total assets and non-accrual loans at 3.14% of total gross loans. Loans 30–89 days past due were 0.79% of gross loans, and the company reported zero net charge-offs in the quarter.

How well capitalized is MainStreet Bancshares (MNSB) at mid-2026?

The bank reported a total risk-based capital ratio of 15.14%, Tier 1 and CET1 ratios of 14.14%, and a leverage ratio of 12.78%. Total equity to total assets was 9.56%, indicating a strong regulatory capital position.

What loan and deposit levels did MainStreet Bancshares (MNSB) report at June 30, 2026?

Net loans were $1,928,372 thousand and total deposits were $1,934,305 thousand at June 30, 2026. This produced a 100% loan-to-deposit ratio, reflecting close alignment between lending and funding bases.

Did MainStreet Bancshares (MNSB) repurchase shares in the second quarter of 2026?

Yes. The company repurchased 207,000 common shares in Q2 2026, which management stated were accretive to tangible book value. Book value per common share was $26.30, with 7,117,438 common shares outstanding at period end.

How did MainStreet Bancshares (MNSB) perform year-to-date through June 30, 2026?

For the first six months of 2026, net income was $8.8 million, with earnings per common share of $1.05. Return on average assets was 0.81% and return on average equity was 8.19% on an annualized basis.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): Date: July 20, 2026

MainStreet Bancshares, Inc.

(Exact name of Registrant as Specified in Its Charter)

Virginia	001-38817	81-2871064
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

10089 Fairfax Boulevard, Fairfax, VA		22030
(Address of Principal Executive Offices)		(Zip Code)

(703) 481-4567

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	MNSB	The Nasdaq Stock Market LLC
Depositary Shares (each representing a 1/40th interest in a share of 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock	MNSBP	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 20, 2026, MainStreet Bancshares, Inc. (the “Company”) issued a press release setting forth the Company’s second quarter 2026 unaudited financial results. A copy of the Company’s press release is attached hereto as Exhibit 99.1, is hereby incorporated by reference, and will be posted on the Company's website.

Item 7.01 Regulation FD Disclosure

On July 20, 2026, the Company made available an investor presentation analyzing its second quarter financial results. A copy of the Company’s investor presentation is attached hereto as Exhibit 99.2, is hereby incorporated by reference, and will be posted on the Company’s website.

The information furnished under Items 2.02, 7.01 and 9.01 of this Current Report on Form 8-K, including the exhibits, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and it shall not be deemed incorporated by reference in any filing under the Exchange Act, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing to this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press Release, dated July 20, 2026, with respect to the Company’s unaudited financial results for the second quarter ended June 30, 2026
99.2		Investor Presentation dated July 20, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MAINSTREET BANCSHARES, INC

Date: July 20, 2026	By:	/s/ Richard A. Vari
		Name: Richard A. Vari
		Title: Chief Financial Officer

Exhibit 99.1

PRESS RELEASE		Contact: Billy Freesmeier
July 20, 2026 8:00 AM ET		Chief of Staff
		(703) 481-4579

MainStreet Bancshares, Inc. Delivers Solid Second Quarter 2026 Performance

Disciplined Expense Management and Healthy NIM Drive Sequential Income Growth

Fairfax, VA., July 20, 2026 – MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the financial holding company for MainStreet Bank, reported net income of $4.7 million for the quarter-ended June 30, 2026, a 14% increase from the previous quarter, resulting in earnings per common share of $0.58. The net interest margin expansion continued, rising to 3.53% for the quarter.

The Company repurchased 207,000 shares of common stock during the quarter, all of which were accretive to tangible book value. The combination of accretive share repurchases and quarterly earnings increased tangible book value to $26.30 per common share. The Company and Bank remain strongly capitalized.

“We are pleased to report that the Company’s performance continues to be directionally consistent. The month of June produced an annualized return on average assets of 1.03% and an annualized return on average tangible common equity of 11.09%, which is progressing toward expectations,” said Jeff W. Dick, Chairman and CEO of MainStreet Bancshares, Inc. and MainStreet Bank.

“The lenders booked $78 million in new loans and the business bankers kept pace with deposit growth, resulting in a 100% loan-to-deposit ratio,” said Abdul Hersiburane, President of MainStreet Bank. “Our year-over-year growth of $97 million in owner-occupied commercial real estate reflects our focus on operating businesses that bring strong relationships. We’re also excited about the opportunities surfacing for our commercial and government contracting team."

Nonperforming assets to total assets settled at 2.77% while loans 30-89 days past due and accruing dropped to 0.79% for the quarter. Chris Johnston, Chief Credit Officer of MainStreet Bank, expanded, “Our asset quality metrics remain manageable with zero net charge-offs during the quarter. We are steadfast in the speedy resolution of our nonperforming assets.”

About MainStreet Bank: MainStreet operates seven branches in Herndon, Fairfax, McLean, Leesburg, Middleburg, Clarendon, and Washington, D.C. MainStreet Bank has over 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 – a solution that provides multi-million-dollar FDIC insurance. Further information on the Bank can be obtained by visiting its website at mstreetbank.com.

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, future impacts of pandemic outbreaks, 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.

UNAUDITED CONSOLIDATED BALANCE SHEET INFORMATION

(In thousands)

	June 30, 2026			March 31, 2026			December 31, 2025*			September 30, 2025			June 30, 2025
ASSETS
Cash and due from banks	$	30,125		$	33,044		$	25,179		$	23,940		$	20,888
Interest-bearing deposits at other financial institutions		751			783			1,276			1,315			864
Federal funds sold		78,405			134,288			136,301			102,039			111,532
Total cash and cash equivalents		109,281			168,115			162,756			127,294			133,284
Investment securities available for sale (AFS), at fair value		57,114			57,021			57,954			58,338			56,138
Investment securities held to maturity (HTM), at amortized cost, net of allowance for credit losses of $0 for all periods		13,785			13,790			13,798			14,293			14,846
Restricted securities, at amortized cost		6,998			6,998			7,005			7,005			7,005
Loans, net of allowance for credit losses of $19,306, $19,049, $19,308, $18,831, and $19,057, respectively		1,928,372			1,850,961			1,841,833			1,788,243			1,767,432
Premises and equipment, net		13,192			13,430			13,608			13,212			13,344
Other real estate owned, net		900			1,094			1,697			—			—
Property held for sale, at fair value		2,760			2,745			2,728			3,225			3,225
Accrued interest and other receivables		14,575			13,453			14,518			13,622			15,023
Bank owned life insurance		41,396			41,071			40,752			40,433			40,117
Other assets		54,712			54,615			56,020			59,124			64,367
Total Assets	$	2,243,085		$	2,223,293		$	2,212,669		$	2,124,789		$	2,114,781
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Non-interest bearing deposits	$	363,883		$	359,113		$	378,694		$	324,717		$	330,045
Interest-bearing demand deposits		114,087			120,700			119,407			123,231			124,090
Savings and NOW deposits		144,783			138,667			121,905			125,214			116,069
Money market deposits		542,687			545,804			499,334			458,946			463,904
Time deposits		768,865			750,441			779,844			778,727			764,439
Total deposits		1,934,305			1,914,725			1,899,184			1,810,835			1,798,547
Subordinated debt, net		70,100			70,035			69,936			69,837			71,238
Other liabilities		24,244			23,549			24,958			25,754			31,526
Total Liabilities		2,028,649			2,008,309			1,994,078			1,906,426			1,901,311
Stockholders’ Equity:
Preferred stock		27,263			27,263			27,263			27,263			27,263
Common stock		27,431			28,247			29,008			29,833			29,825
Capital surplus		57,484			61,045			66,531			68,895			68,261
Retained earnings		107,777			104,360			101,557			98,793			95,585
Accumulated other comprehensive loss		(5,519	)		(5,931	)		(5,768	)		(6,421	)		(7,464	)
Total Stockholders’ Equity		214,436			214,984			218,591			218,363			213,470
Total Liabilities and Stockholders’ Equity	$	2,243,085		$	2,223,293		$	2,212,669		$	2,124,789		$	2,114,781

*Derived from audited financial statements

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME INFORMATION

(In thousands, except share and per share data)

	Year-to-Date						Three Months Ended
	June 30, 2026			June 30, 2025			June 30, 2026		March 31, 2026			December 31, 2025		September 30, 2025		June 30, 2025
INTEREST INCOME:
Interest and fees on loans	$	60,256		$	63,554		$	30,738	$	29,518		$	29,969	$	30,688	$	32,443
Interest on investment securities
Taxable securities		841			851			423		418			421		435		431
Tax-exempt securities		576			530			289		287			276		270		267
Interest on interest-bearing deposits at other financial institutions		20			32			10		10			10		11		10
Interest on federal funds sold		1,615			2,282			630		985			1,198		1,060		1,135
Total interest income		63,308			67,249			32,090		31,218			31,874		32,464		34,286
INTEREST EXPENSE:
Interest on interest-bearing demand deposits		1,752			2,052			862		890			1,064		1,071		1,004
Interest on savings and NOW deposits		810			612			421		389			390		467		391
Interest on money market deposits		8,478			9,983			4,487		3,991			4,246		4,623		4,707
Interest on time deposits		14,808			17,626			7,158		7,650			8,244		8,369		8,595
Interest on federal funds purchased		109			65			84		25			—		28		—
Interest on subordinated debt		1,625			1,611			846		779			788		804		799
Total interest expense		27,582			31,949			13,858		13,724			14,732		15,362		15,496
Net interest income		35,726			35,300			18,232		17,494			17,142		17,102		18,790
Provision for credit losses		454			(543	)		585		(131	)		328		144		(543	)
Net interest income after provision for credit losses		35,272			35,843			17,647		17,625			16,814		16,958		19,333
NON-INTEREST INCOME:
Deposit account service charges		1,125			1,068			552		573			559		557		538
Bank owned life insurance income		644			610			325		319			319		316		308
Gain on retirement of subordinated debt		—			128			—		—			—		145		68
Gain on equity securities		—			103			—		—			—		—		103
Loss on sale of other real estate owned		(685	)		—			—		(685	)		—		—		—
Other non-interest income		217			96			17		200			22		104		49
Total non-interest income		1,301			2,005			894		407			900		1,122		1,066
NON-INTEREST EXPENSES:
Salaries and employee benefits		15,056			16,664			7,505		7,551			7,557		7,366		8,279
Furniture and equipment expenses		1,526			2,157			768		758			884		799		1,141
Advertising and marketing		675			1,011			379		296			469		571		530
Occupancy expenses		617			714			252		365			293		400		318
Outside services		905			2,463			445		460			688		625		1,290
Administrative expenses		448			499			207		241			238		259		270
Other real estate owned expenses		244			—			24		220			—		—		—
Other operating expenses		5,719			5,551			2,936		2,783			2,696		2,647		2,917
Total non-interest expenses		25,190			29,059			12,516		12,674			12,825		12,667		14,745
Income before income tax expense		11,383			8,789			6,025		5,358			4,889		5,413		5,654
Income tax expense		2,615			1,746			1,357		1,258			836		896		1,064
Net income		8,768			7,043			4,668		4,100			4,053		4,517		4,590
Preferred stock dividends		1,078			1,078			539		539			539		539		539
Net income available to common shareholders	$	7,690		$	5,965		$	4,129	$	3,561		$	3,514	$	3,978	$	4,051
Earnings per common share, basic and diluted	$	1.05		$	0.78		$	0.58	$	0.48		$	0.46	$	0.52	$	0.53
Weighted average number of common shares, basic and diluted		7,329,939			7,670,623			7,177,264		7,484,310			7,564,723		7,704,639		7,704,677

UNAUDITED LOAN, DEPOSIT AND BORROWING DETAIL

(In thousands)

	June 30, 2026						March 31, 2026						June 30, 2025						Percentage Change
	$ Amount			% of Total			$ Amount			% of Total			$ Amount			% of Total			Last 3 Mos			Last 12 Mos
LOANS:
Construction and land development loans	$	312,885			16.0	%	$	299,043			16.0	%	$	328,351			18.2	%		4.6	%		-4.7	%
Residential real estate loans		465,373			23.8	%		448,290			23.9	%		452,458			25.3	%		3.8	%		2.9	%
Commercial real estate loans		1,071,008			54.9	%		1,024,695			54.7	%		911,390			50.9	%		4.5	%		17.5	%
Commercial and industrial loans		101,433			5.2	%		100,782			5.3	%		97,699			5.5	%		0.6	%		3.8	%
Consumer loans		1,278			0.1	%		1,232			0.1	%		1,075			0.1	%		3.7	%		18.9	%
Total Gross Loans	$	1,951,977			100.0	%	$	1,874,042			100.0	%	$	1,790,973			100.0	%		4.2	%		9.0	%
Less: Allowance for credit losses		(19,306	)					(19,049	)					(19,057	)
Net deferred loan fees		(4,299	)					(4,032	)					(4,484	)
Net Loans	$	1,928,372					$	1,850,961					$	1,767,432
DEPOSITS:
Non-interest bearing deposits	$	363,883			18.8	%	$	359,113			18.8	%	$	330,045			18.4	%		1.3	%		10.3	%
Interest-bearing deposits:
Demand deposits		114,087			5.9	%		120,700			6.3	%		124,090			6.9	%		-5.5	%		-8.1	%
Savings and NOW deposits		144,783			7.5	%		138,667			7.2	%		116,069			6.5	%		4.4	%		24.7	%
Money market deposits		542,687			28.1	%		545,804			28.5	%		463,904			25.8	%		-0.6	%		17.0	%
Time deposit $250,000 or more		512,878			26.5	%		478,971			25.0	%		490,692			27.2	%		7.1	%		4.5	%
Time deposit less than $250,000		255,987			13.2	%		271,470			14.2	%		273,747			15.2	%		-5.7	%		-6.5	%
Total Deposits	$	1,934,305			100.0	%	$	1,914,725			100.0	%	$	1,798,547			100.0	%		1.0	%		7.5	%
BORROWINGS:
Subordinated debt, net	$	70,100			100.0	%	$	70,035			100.0	%	$	71,238			100.0	%		0.1	%		-1.6	%
Total Borrowings	$	70,100			100.0	%	$	70,035			100.0	%	$	71,238			100.0	%		0.1	%		-1.6	%
Total Deposits and Borrowings	$	2,004,405					$	1,984,760					$	1,869,785						1.0	%		7.2	%

Core customer funding sources (1)	$	1,391,834			69.4	%	$	1,399,602			70.5	%	$	1,329,804			71.1	%		-0.6	%		4.7	%
Brokered and listing service sources (2)		542,471			27.1	%		515,123			26.0	%		468,743			25.1	%		5.3	%		15.7	%
Subordinated debt, net (3)		70,100			3.5	%		70,035			3.5	%		71,238			3.8	%		0.1	%		-1.6	%
Total Funding Sources	$	2,004,405			100.0	%	$	1,984,760			100.0	%	$	1,869,785			100.0	%		1.0	%		7.2	%

(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.
(3)	Subordinated debt obligation qualifies as Tier 2 capital at the holding company and Tier 1 capital at the Bank.

UNAUDITED AVERAGE BALANCE SHEETS, INTEREST AND RATES

(In thousands)

	For the three months ended June 30, 2026							For the three months ended June 30, 2025
	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⁾	$	1,919,481	$	30,738		6.42	%	$	1,819,307	$	32,443		7.15	%
Securities:
Taxable		49,222		423		3.45	%		52,911		431		3.27	%
Tax-exempt		36,123		366		4.06	%		35,434		338		3.83	%
Interest-bearing deposits at other financial institutions		1,154		10		3.48	%		756		10		5.31	%
Federal funds sold		74,355		630		3.40	%		107,583		1,135		4.23	%
Total interest-earning assets	$	2,080,335	$	32,167		6.20	%	$	2,015,991	$	34,357		6.84	%
Other assets		126,881							116,675
Total assets	$	2,207,216						$	2,132,666
Liabilities and Stockholders’ Equity:
Interest-bearing liabilities:
Interest-bearing demand deposits	$	114,088	$	862		3.03	%	$	112,579	$	1,004		3.58	%
Savings and NOW deposits		141,176		421		1.20	%		119,163		391		1.32	%
Money market deposits		538,719		4,487		3.34	%		479,267		4,707		3.94	%
Time deposits		741,846		7,158		3.87	%		784,824		8,595		4.39	%
Total interest-bearing deposits	$	1,535,829	$	12,928		3.38	%	$	1,495,833	$	14,697		3.94	%
Federal funds purchased		8,573		84		3.93	%		1		—		0.00	%
Subordinated debt, net		70,084		846		4.84	%		71,199		799		4.50	%
Total interest-bearing liabilities	$	1,614,486	$	13,858		3.44	%	$	1,567,033	$	15,496		3.97	%
Demand deposits and other liabilities		378,871							354,552
Total liabilities	$	1,993,357						$	1,921,585
Stockholders’ Equity		213,859							211,081
Total Liabilities and Stockholders’ Equity	$	2,207,216						$	2,132,666
Interest Rate Spread						2.76	%						2.87	%
Net Interest Income			$	18,309						$	18,861
Net Interest Margin						3.53	%						3.75	%

(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 "Unaudited Reconciliation of Certain Non-GAAP Financial Measures" for reconciliation of non-GAAP measures

UNAUDITED AVERAGE BALANCE SHEETS, INTEREST AND RATES

(In thousands)

	For the six months ended June 30, 2026							For the six months ended June 30, 2025
	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⁾	$	1,891,701	$	60,256		6.42	%	$	1,834,314	$	63,554		6.99	%
Securities:
Taxable		49,481		841		3.43	%		53,050		851		3.23	%
Tax-exempt		36,143		729		4.07	%		35,317		671		3.83	%
Interest-bearing deposits at other financial institutions		1,129		20		3.57	%		1,393		32		4.63	%
Federal funds sold		87,649		1,615		3.72	%		108,612		2,282		4.24	%
Total interest-earning assets	$	2,066,103	$	63,461		6.19	%	$	2,032,686	$	67,390		6.69	%
Other assets		127,494							111,326
Total assets	$	2,193,597						$	2,144,012
Liabilities and Stockholders’ Equity:
Interest-bearing liabilities:
Interest-bearing demand deposits	$	116,842	$	1,752		3.02	%	$	111,999	$	2,052		3.69	%
Savings and NOW deposits		138,072		810		1.18	%		93,649		612		1.32	%
Money market deposit		515,424		8,478		3.32	%		508,319		9,983		3.96	%
Time deposits		757,582		14,808		3.94	%		791,399		17,626		4.49	%
Total interest-bearing deposits	$	1,527,920	$	25,848		3.41	%	$	1,505,366	$	30,273		4.06	%
Federal funds purchased		5,582		109		3.94	%		2,790		65		4.70	%
Subordinated debt, net		70,040		1,625		4.68	%		72,116		1,611		4.50	%
Total interest-bearing liabilities	$	1,603,542	$	27,582		3.47	%	$	1,580,272	$	31,949		4.08	%
Demand deposits and other liabilities		374,230							354,133
Total liabilities	$	1,977,772						$	1,934,405
Stockholders’ Equity		215,825							209,607
Total Liabilities and Stockholders’ Equity	$	2,193,597						$	2,144,012
Interest Rate Spread						2.72	%						2.61	%
Net Interest Income			$	35,879						$	35,441
Net Interest Margin						3.50	%						3.52	%

(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 "Unaudited Reconciliation of Certain Non-GAAP Financial Measures" for reconciliation of non-GAAP measures

UNAUDITED SUMMARY FINANCIAL DATA

(Dollars in thousands except per share data)

	At or For the Three Months Ended						At or For the Six Months Ended
	June 30, 2026			June 30, 2025			June 30, 2026			June 30, 2025
*Per share Data and Shares Outstanding*
Earnings per common share (basic and diluted)	$	0.58		$	0.53		$	1.05		$	0.78
Book value per common share	$	26.30		$	24.17		$	26.30		$	24.17
Weighted average common shares (basic and diluted)		7,177,264			7,704,677			7,329,939			7,670,623
Common shares outstanding at end of period		7,117,438			7,704,037			7,117,438			7,704,037
*Performance Ratios*
Return on average assets (annualized)		0.85	%		0.86	%		0.81	%		0.66	%
Return on average equity (annualized)		8.75	%		8.72	%		8.19	%		6.78	%
Return on average common equity (annualized)		8.88	%		8.84	%		8.22	%		6.60	%
Yield on earning assets (FTE)⁽²⁾ (annualized)		6.20	%		6.84	%		6.19	%		6.69	%
Cost of interest-bearing liabilities (annualized)		3.44	%		3.97	%		3.47	%		4.08	%
Net interest spread (FTE)⁽²⁾ (annualized)		2.76	%		2.87	%		2.72	%		2.61	%
Net interest margin (FTE)⁽²⁾ (annualized)		3.53	%		3.75	%		3.50	%		3.52	%
Non-interest income as a percentage of average assets (annualized)		0.16	%		0.20	%		0.12	%		0.19	%
Non-interest expense to average assets (annualized)		2.27	%		2.77	%		2.32	%		2.73	%
Efficiency ratio ⁽³⁾		65.44	%		74.26	%		68.03	%		77.90	%
*Allowance for Credit Losses*
Allowance for credit losses (ACL)
Beginning balance, ACL - loans	$	19,049		$	19,460		$	19,308		$	19,450
Add: recoveries		14			747			36			757
Less: charge-offs		—			(622	)		(281	)		(622	)
Add: provision for credit losses - loans		243			(528	)		243			(528	)
Ending balance, ACL - loans	$	19,306		$	19,057		$	19,306		$	19,057

Beginning balance, reserve for unfunded commitment (RUC)	$	204		$	287		$	335		$	287
Provision for unfunded commitments, net		342			(15	)		211			(15	)
Ending balance, RUC	$	546		$	272		$	546		$	272
Total allowance for credit losses	$	19,852		$	19,329		$	19,852		$	19,329

Allowance for credit losses on loans to total gross loans		0.99	%		1.06	%		0.99	%		1.06	%
Allowance for credit losses on loans to non-performing loans		31.50	%		2.01X		31.50		%	2.01X
Net charge-offs to average gross loans (annualized)		0.00	%		(0.03	)%		0.03	%		(0.01	)%
*Concentration Ratios*
Commercial real estate loans to total capital ⁽⁴⁾		379.34	%		365.89	%		379.34	%		365.89	%
Construction loans to total capital ⁽⁵⁾		103.48	%		108.84	%		103.48	%		108.84	%
*Past due and Non-performing Assets*
Loans 30-89 days past due and accruing to total gross loans		0.79	%		2.11	%		0.79	%		2.11	%
Loans 90 days past due and accruing to total gross loans		0.00	%		0.00	%		0.00	%		0.00	%
Non-accrual loans to total gross loans		3.14	%		0.40	%		3.14	%		0.40	%
Other real estate owned, net	$	900		$	—		$	900		$	—
Non-performing loans	$	61,289		$	7,169		$	61,289		$	7,169
Non-performing assets to total assets		2.77	%		0.34	%		2.77	%		0.34	%
*Regulatory Capital Ratios (Bank only) ⁽¹⁾*
Total risk-based capital ratio		15.14	%		16.44	%		15.14	%		16.44	%
Tier 1 risk-based capital ratio		14.14	%		15.39	%		14.14	%		15.39	%
Leverage ratio		12.78	%		13.21	%		12.78	%		13.21	%
Common equity tier 1 ratio		14.14	%		15.39	%		14.14	%		15.39	%
*Other information*
Common shares closing stock price	$	24.69		$	18.90		$	24.69		$	18.90
Total equity / total assets		9.56	%		10.09	%		9.56	%		10.09	%
Average equity / average assets		9.69	%		9.90	%		9.84	%		9.78	%
Number of full time equivalent employees		166			174			166			174
Number of full service branch offices		7			6			7			6

(1)	Regulatory capital ratios as of June 30, 2026 are preliminary
(2)	Refer to "Unaudited Reconciliation of Certain Non-GAAP Financial Measures" 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, multifamily, and construction loans as a percentage of Bank capital
(5)	Construction loans as a percentage of Bank capital

Unaudited Reconciliation of Certain Non-GAAP Financial Measures

(Dollars In thousands)

	For the three months ended June 30,						For the six months ended June 30,
	2026			2025			2026			2025
Net interest margin (FTE)
Net interest income (GAAP)	$	18,232		$	18,790		$	35,726		$	35,300
FTE adjustment on tax-exempt securities		77			71			153			141
Net interest income (FTE) (non-GAAP)		18,309			18,861			35,879			35,441

Average interest-earning assets		2,080,335			2,015,991			2,066,103			2,032,686
Net interest margin (GAAP)		3.52	%		3.74	%		3.49	%		3.50	%
Net interest margin (FTE) (non-GAAP)		3.53	%		3.75	%		3.50	%		3.52	%

	For the three months ended June 30,						For the six months ended June 30,
	2026			2025			2026			2025
Yield on earning assets (FTE)
Total interest income (GAAP)	$	32,090		$	34,286		$	63,308		$	67,249
FTE adjustment on tax-exempt securities		77			71			153			141
Total interest income (FTE) (non-GAAP)		32,167			34,357			63,461			67,390

Average interest-earning assets		2,080,335			2,015,991			2,066,103			2,032,686
Yield on earning assets (GAAP)		6.19	%		6.82	%		6.18	%		6.67	%
Yield on earning assets (FTE) (non-GAAP)		6.20	%		6.84	%		6.19	%		6.69	%

	For the three months ended June 30,						For the six months ended June 30,
	2026			2025			2026			2025
Net interest spread (FTE)
Yield on earning assets (GAAP)		6.19	%		6.82	%		6.18	%		6.67	%
Yield on earning assets (FTE) (non-GAAP)		6.20	%		6.84	%		6.19	%		6.69	%

Yield on interest-bearing liabilities (GAAP)		3.44	%		3.97	%		3.47	%		4.08	%

Net interest spread (GAAP)		2.75	%		2.85	%		2.71	%		2.59	%
Net interest spread (FTE) (non-GAAP)		2.76	%		2.87	%		2.72	%		2.61	%