MainStreet Bank

10089 Fairfax Blvd
Fairfax, VA 22030

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57742
Date Established 2004
Assets $0.84 billion
Loans $0.70 billion
Deposits $0.69 billion
Capital $0.08 billion

MainStreet Bank is an FDIC insured institution located in Fairfax, VA. It was founded in 2004 and has approximately $0.84 billion in assets. Customers can open an account at one of its 5 branches.

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

Bank Loan Profile?

The top three loan types in MainStreet Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

Compared to other banks in Virginia, MainStreet Bank has a significantly higher percent of Consumer Auto Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 16.69
Multifamily
Mortgages
2.03
Credit Card Loans 0.14
Consumer Auto Loans 13.66
Small Business Loans 7.92
Construction and Development Loans 17.01
Commercial Real Estate 38.59
Commercial and Industrial Loans 12.76
Farm Loans 0.00

Deposit Rates - July 18, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.20% $10,000 - Learn MoreShow Less
6 Mo CD 10K
0.20% $500 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.90% $500 - Learn MoreShow Less

Online Only Savings Rates of AirBanking

Online Savings Rates APY MIN MAX

Online Only CD Rates of AirBanking

Online CD Rates APY MIN MAX

Bank Online Offers

Loan Rates - July 18, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MainStreet Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Triumph Bank
NMLS ID: 1339905
4.281% 4.250% 0.38 $938 $1,230 Learn More
Federated Mortgage Corp
NMLS ID: 101475
4.520% 4.490% 0.00 $890 $1,266 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.740% $291.47 Learn More

Note to MainStreet Bank
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Branches

MainStreet Bank 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:
Ashburn,Virginia


MainStreet Bank Locations

Financial Details

MainStreet Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of MainStreet Bank. 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
MainStreet Bank U.S. Bank Average
2.21% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, MainStreet Bank had $1,981,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $83,273,000 in equity and $6,334,000 in loans loss reserves. That gives it a Texas Ratio of 2.21%.

Return on Equity
MainStreet Bank U.S. Bank Average
9.32% 9.35%

MainStreet Bank has a Return on Equity of 9.32% versus the BestCashCow average of 9.35%. 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
MainStreet Bank U.S. Bank Average
9.87% 12.01%

MainStreet Bank has a Capitalization of 9.87% versus the BestCashCow average of 12.01. 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.

MainStreet Bank Balance Sheet Analysis

As of March 31, 2018, MainStreet Bank had assets of $843,302,000, loans of $702,699,000, and deposits of $692,637,000. 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

ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.70 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.03 billion
     Total Assets $0.76 billion
LIABILITIES
Total deposits $0.69 billion
      Interest-bearing deposits $0.53 billion
      Deposits held in domestic offices $0.69 billion
      % insured (estimated) 68.20%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.06 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.76 billion
      Shareholders’ Equity $0.08 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Mainstreet Bank

Branches and Savings

Is Mainstreet Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57742.

Why does Mainstreet Bank pay such low interest on savings accounts?

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

Why are Mainstreet Bank CD rates not competitive?

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

Is Mainstreet Bank a commercial bank?

Yes

Where are Mainstreet Bank locations?

See branch locations nearby.

Is Mainstreet Bank open on Saturdays?

Is Mainstreet Bank open on Sundays?

What time does Mainstreet Bank open?

What time does Mainstreet Bank close?

Are Mainstreet Bank ATMs Open 24/7?

Do Mainstreet Bank ATMs accept cash deposits?

Can Mainstreet Bank customers use other ATMs?

Do Mainstreet Bank branches have notaries?

Will Mainstreet Bank notarize my document?

What address for Mainstreet Bank should I put for incoming ACH transfers?

Will the Mainstreet Bank branch print checks?

Do Mainstreet Bank checks expire?

Does Mainstreet Bank require US citizenship to open account?

Can Mainstreet Bank close my account?

Does Mainstreet Bank Report to credit bureaus?

Does Mainstreet Bank Use Equifax?

What is Mainstreet Bank's ACH Routing Number?

What is Mainstreet Bank's SWIFT code?

Products

Does Mainstreet Bank offer mortgages?

Compare mortgage rates here.

Does Mainstreet Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mainstreet Bank offer personal loans?

Compare personal loan rates here.

Does Mainstreet Bank offer student loans?

Will Mainstreet Bank cash a check?

Will Mainstreet Bank redeem a savings bond?

Does Mainstreet Bank cash savings bonds?

Will Mainstreet Bank cash money orders?

Can Mainstreet Bank issue a money order?

Does Mainstreet Bank do currency exchange?

Background on The Bank

Who owns Mainstreet Bank?

How long has Mainstreet Bank been around?

Can Mainstreet Bank transfer to other banks?

Does Mainstreet Bank have quick pay?

Does Mainstreet Bank accept rolled coins?

Will Mainstreet Bank accept loose change?

Where is Mainstreet Bank headquarters?

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