MainStreet returns to profitability, cuts 16% of workforce, exits BaaS division

Filed March 13, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 14, 2025 · ~1 min read

Key Changes

• high

  Company returned to profitability in 2025 with ROA of 0.73% vs. -0.47% loss in 2024; ROE improved to 7.33% from -4.44%. Net charge-offs fell to zero from 0.25% of average loans.

  Business: Financial metrics verify on EDGAR →
• high

  Entire Avenu Banking-as-a-Service division removed from disclosure after 2024 software impairment. Workforce reduced from 204 to 171 employees (16% cut), with younger and ethnically diverse staff disproportionately affected.

  Business & MD&A: BaaS exit and headcount verify on EDGAR →
• high

  Non-performing loans rose from $21.7M to $31.5M; NPAs to total assets worsened from 0.97% to 1.50%. OREO holdings of $1.7M now disclosed.

  Business: Asset quality verify on EDGAR →