---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-012833"
form_type: "8-K/A"
ticker: "MNSB"
cik: "0001693577"
company_name: "MainStreet Bancshares, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:03:34.344633+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MainStreet Bancshares corrects CRE loan-to-value ratios; Q1 net income $2.77M

## Summary
- Corrected multi-family non-owner occupied CRE LTV from 90% to 69% and overall non-owner occupied CRE from 70% to 63%.
- Q1 2024 net income of $2.77 million; net interest margin compressed to 3.24%.
- Strong asset quality with low past-due and non-performing loans; multifamily housing demand strong in DC metro.
- Avenu embedded banking solution launched, emphasizing compliance and safety and soundness.

## SEC filing metadata
- accession: 0001437749-24-012833
- form_type: 8-K/A
- ticker: MNSB
- cik: 0001693577
- company_name: MainStreet Bancshares, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1693577/000143774924012833/0001437749-24-012833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1693577/000143774924012833/main20240423_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-012833
- JSON: https://secwatch.observer/filing/0001437749-24-012833.json
- Plain text: https://secwatch.observer/filing/0001437749-24-012833.txt

## Key facts
- Earnings Releases
  MainStreet Bancshares, Inc. reported the first quarter of 2024 results: net income $2.77 million.
  - Period: the first quarter of 2024
  - Net income: $2.77 million
  - Result: reported results
  source text: MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, reported net income of $2.77 million for the first quarter of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1693577/000143774924012833/0001437749-24-012833-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.