MainStreet Bancshares reports Q2 EPS 53c vs. 27c last year

Reports Q2 net interest margin 3.75% vs. 3.20% last year. Tangible book value per common share was $24.17 from $23.72 last year. “Our commitment to work with our customers is yielding the results we expected,” said Tom Floyd, Chief Lending Officer of MainStreet Bank. “The loan portfolio is in great shape, largely due to our unwavering credit discipline and knowledge of the key players in the community.” “The loan to deposit ratio remained well utilized at 99%,” said Alex Vari, CFO. “We are focused on strategically managing our deposits, keeping them in lockstep with our loan funding needs. This directly contributed to the growth of our net interest margin.”