secwatch.observer — SEC 8-K summary
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Issuer:     MainStreet Bancshares, Inc. (MNSB)
CIK:        0001693577
Form:       8-K
Filed at:   2025-01-27T23:59:59+00:00
Accession:  0001437749-25-001883
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MainStreet Bancshares reports 2024 net loss of $9.98M on software impairment and NPA resolution
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- Net loss of $9.98M for 2024 due to full impairment of Avenu capitalized intangible software and resolution of nonperforming assets.
- Net interest margin 3.13%; core deposits grew $187M to $1.4B (75% of total deposits).
- Loan portfolio grew 6%; 62% of nonperforming loans resolved; remaining $21.7M in process.
- Total deposits grew 13% to $1.9B; company remains strongly capitalized with good liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693577/000143774925001883/0001437749-25-001883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693577/000143774925001883/main20241120_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-001883

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer