Main Street Bank Corp.

Headquarters

2001 Main Street, Suite 100
Wheeling, WV 26003
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.05% →
1-Year CD 0.35% 0.95% →
2-Year CD 0.35% 1.05% →
5-Year CD 0.65% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Main Street Bank Corp. is an FDIC insured institution located in Wheeling, WV. It was founded in 2001 and has approximately $0.48 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 57162
Date Established 2001
Assets $ 480.64 million
Loans $ 369.90 million
Deposits $ 396.43 million
Capital $ 47.03 million
 

For a more detailed analysis of Main Street Bank Corp.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.65% $10,000 $14,999 Learn More
30 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.65% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Main Street Bank Corp.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Main Street Bank Corp.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Main Street Bank Corp. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Main Street Bank Corp. Locations


Financial Details

Main Street Bank Corp. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Main Street Bank Corp.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Main Street Bank Corp. U.S. Bank Average
12.96% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Main Street Bank Corp. had $6,575,000 in non-current loans and $214,000 in owned real estate. To cover these potential losses it had $47,026,000 in equity and $5,347,000 in loans loss reserves. That gives it a Texas Ratio of 12.96%.

Return on Equity
Main Street Bank Corp. U.S. Bank Average
7.32% 7.80%

Main Street Bank Corp. has a Return on Equity of 7.32% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Main Street Bank Corp. U.S. Bank Average
9.78% 12.68%

Main Street Bank Corp. has a Capitalization of 9.78% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Main Street Bank Corp. Balance Sheet Analysis

As of March 31, 2020, Main Street Bank Corp. had assets of $480,643,000, loans of $369,896,000, and deposits of $396,428,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 45.29 million
Interest-bearing balances $ 37.80 million
Total securities $ 50.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 369.90 million
Loan loss allowance $ 5.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.21 million
Goodwill and other intangibles N.A.
All other assets $ 12.74 million
     Total Assets $ 433.62 million
LIABILITIES
Total deposits $ 396.43 million
      Interest-bearing deposits $ 325.97 million
      Deposits held in domestic offices $ 396.43 million
      % insured (estimated) 85.94%
Federal funds purchased and repurchase agreements $ 8.19 million
Trading liabilities N.A.
Other borrowed funds $ 26.60 million
Subordinated debt N.A.
All other liabilities $ 2.40 million
      Total Liabilities $ 433.62 million
      Shareholders’ Equity $ 47.03 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.49 million
Total Interest Expense $ 1.24 million
Net interest income $ 4.24 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 0.04 million
Total non interest expense $ 2.74 million
Pre-tax Net Operating Income $ 1.40 million

Bank Loan Profile?

The top three loan types in Main Street Bank Corp.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Main Street Bank Corp.’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 53.02
Multifamily
Mortgages
3.99
Credit Card Loans 0.00
Consumer Auto Loans 2.29
Small Business Loans 0.00
Construction and Development Loans 0.52
Commercial Real Estate 24.12
Commercial and Industrial Loans 15.23
Farm Loans 0.00

Frequently Asked Questions About Main Street Bank Corp.

Branches and Savings

Is Main Street Bank Corp. FDIC insured?

Yes. It is covered under FDIC Certificate #57162.

Why does Main Street Bank Corp. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Main Street Bank Corp. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Main Street Bank Corp. a commercial bank?

Yes

Where are Main Street Bank Corp. locations?

See branch locations nearby.

Is Main Street Bank Corp. open on Saturdays?

Is Main Street Bank Corp. open on Sundays?

What time does Main Street Bank Corp. open?

What time does Main Street Bank Corp. close?

Are Main Street Bank Corp. ATMs Open 24/7?

Do Main Street Bank Corp. ATMs accept cash deposits?

Can Main Street Bank Corp. customers use other ATMs?

Do Main Street Bank Corp. branches have notaries?

Will Main Street Bank Corp. notarize my document?

What address for Main Street Bank Corp. should I put for incoming ACH transfers?

Will the Main Street Bank Corp. branch print checks?

Do Main Street Bank Corp. checks expire?

Does Main Street Bank Corp. require US citizenship to open account?

Can Main Street Bank Corp. close my account?

Does Main Street Bank Corp. Report to credit bureaus?

Does Main Street Bank Corp. Use Equifax?

What is Main Street Bank Corp.'s ACH Routing Number?

What is Main Street Bank Corp.'s SWIFT code?

Products

Does Main Street Bank Corp. offer mortgages?

Compare mortgage rates here.

Does Main Street Bank Corp. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Main Street Bank Corp. offer personal loans?

Compare personal loan rates here.

Does Main Street Bank Corp. offer student loans?

Will Main Street Bank Corp. cash a check?

Will Main Street Bank Corp. redeem a savings bond?

Does Main Street Bank Corp. cash savings bonds?

Will Main Street Bank Corp. cash money orders?

Can Main Street Bank Corp. issue a money order?

Does Main Street Bank Corp. do currency exchange?

Background on The Bank

Who owns Main Street Bank Corp.?

How long has Main Street Bank Corp. been around?

Can Main Street Bank Corp. transfer to other banks?

Does Main Street Bank Corp. have quick pay?

Does Main Street Bank Corp. accept rolled coins?

Will Main Street Bank Corp. accept loose change?

Where is Main Street Bank Corp. headquarters?

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