MainStreet net income up 64% on lower deposit costs, but NPLs surge 71% on D.C. exposure

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~1 min read

Key Changes

• high

  Non-performing loans jumped $22.3M to $53.8M (2.88% of loans), concentrated in 10 relationships hit by federal shutdowns and D.C. policies; classified loans rose $27.1M to $111.3M.

  MD&A: Asset Quality verify on EDGAR →
• high

  Net income rose 64% to $4.1M as deposit costs fell 72 bps to 3.45%, saving $2.7M in interest expense; non-interest expense dropped $1.6M on lower salaries and services.

  MD&A: Results of Operations verify on EDGAR →
• high

  Financial Technology segment eliminated entirely after BaaS exit disclosed last year; company now operates solely as core community bank with seven branches.

  MD&A: Business Overview verify on EDGAR →