Mainstreet Bank
Fairfax, Virginia · $2.24B in assets · beside the 11 other Virginia banks between $1B and $3B
The filing
Mainstreet Bank is the fifth largest of the 12 Virginia banks nearest its size between $1B and $3B, with $2.24B in assets at 30 June 2026. Loans are 100.5% of deposits, 11th of 12 against a median of 91.1%, and equity is 12.5% of assets, the highest in the cohort. Loans grew +9.0% in the year, 2nd of 12, and deposits grew 7.5%; the cohort's median loan growth is +3.7%.
Noncurrent loans are 3.15% of the book, the highest in the cohort against a median of 0.39%; 0.78% is 30 to 89 days past due, and the allowance covers them 0.3 times. Commercial real estate is 58.9% of loans, the highest in the cohort against a median of 41.6%, and 379% of capital, above the 300% screen, with construction at 103% against the 100% screen.
Return on assets is 0.91%, 9th of 12 against a median of 1.17%, on an efficiency ratio of 65.0%, 9th of 12. Five years ago it was 1.55%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 24.6% of loans).
SBA 7(a), FY2008 to FY2026
Mainstreet Bank is the 82nd largest 7(a) lender into Virginia of 332, with $15M across 30 loans, 0.2% of everything approved in the state (Live Oak Banking Company leads with $669M). 10 of its 16 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.
| County | Approved | Rank | Share | Trend |
|---|---|---|---|---|
| Loudoun, VA | $6M | 25th of 134 | 0.9% | quiet FY2022 |
| Stafford, VA | $4M | 10th of 67 | 3.1% | quiet FY2019 |
| Howard, MD | $4M | 26th of 114 | 0.9% | quiet FY2019 |
| Fairfax, VA | $2M | 75th of 169 | 0.2% | thin |
| Alexandria City, VA | $1M | 35th of 83 | 0.6% | thin |
| Prince William, VA | $865K | 59th of 105 | 0.2% | quiet FY2011 |
| Worcester, MD | $793K | 14th of 33 | 1.6% | quiet FY2021 |
| Prince Georges, MD | $716K | 93rd of 138 | 0.1% | -0.0 pts |
| District Of Columbia, DC | $615K | 99th of 130 | 0.1% | thin |
| Falls Church City, VA | $516K | 14th of 35 | 1.4% | quiet FY2021 |
| Manassas City, VA | $375K | 32nd of 50 | 0.5% | quiet FY2009 |
| Queen Annes, MD | $273K | 29th of 41 | 0.5% | thin |
| Larimer, CO | $156K | 115th of 133 | 0.0% | quiet FY2009 |
| Industry | Loans | Approved | Share of book | Share of sector | Rank |
|---|---|---|---|---|---|
| Retail trade | 6 | $6M | 26.6% | 0.01% | 659th of 2,589 |
| Construction | 5 | $5M | 22.7% | 0.02% | 572nd of 2,063 |
| Other services | 1 | $4M | 17.9% | 0.01% | 631st of 2,248 |
| Accommodation & food services | 8 | $2M | 9.6% | 0.00% | 1222nd of 2,596 |
| Arts, entertainment & recreation | 5 | $2M | 8.7% | 0.01% | 589th of 1,656 |
Commercial real estate against capital
| Mainstreet Bank | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 379% | 12th of 12 | 261% |
| Construction against capital, the 100% screen | 103% | 12th of 12 | 44% |
| Construction and land development, share of loans | 16.1% | 12th of 12 | 7.5% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 30.4% | 10th of 12 | 26.2% |
| Total CRE, the guidance definition, share of loans | 58.9% | 12th of 12 | 41.6% |
| CRE growth over 36 months, the third prong | +4.6% | 4th of 12 | +15.2% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $2.79B | 1.3% | 64.8% | 0.09% | 0.57% | 1.8% | 90.7% | 11.7% | |
| $2.40B | 1.2% | 49.1% | 0.01% | 0.01% | 1.0% | 100.9% | 12.3% | |
| $2.36B | 1.4% | 48.8% | 0.59% | 0.00% | 1.0% | 92.3% | 11.8% | |
| $2.31B | 0.0% | 89.8% | 1.68% | 0.03% | 1.2% | 98.0% | 10.6% | |
| $2.24B | 0.9% | 65.0% | 3.15% | 0.03% | 1.0% | 100.5% | 12.5% | |
| $2.19B | 1.8% | 40.4% | 0.00% | 0.00% | 1.4% | 13.7% | 8.1% | |
| $2.07B | 1.1% | 67.3% | 0.32% | 0.09% | 1.0% | 80.6% | 9.4% | |
| $1.85B | 1.0% | 62.5% | 1.07% | 0.29% | 1.2% | 93.9% | 12.0% | |
| $1.83B | 0.6% | 59.2% | 0.06% | 0.02% | 1.0% | 61.4% | 9.2% | |
| $1.80B | 0.8% | 61.4% | 0.85% | 0.26% | 0.9% | 91.5% | 10.7% | |
| $1.72B | 1.7% | 65.8% | 0.24% | 0.07% | 1.1% | 75.0% | 10.7% | |
| $1.64B | 1.9% | 44.6% | 0.47% | 0.00% | 0.7% | 87.5% | 11.9% |
| Mainstreet Bank | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $1.27B | $1.95B | +54% | $1.02B | $1.50B | +46% |
| Deposits | $1.48B | $1.94B | +31% | $1.47B | $1.87B | +27% |
| NPA / loans | 0.00% | 3.15% | +3.15 pts | 0.26% | 0.39% | +0.14 pts |
| Efficiency | 51.8% | 65.0% | +13.2 pts | 65.5% | 61.9% | -3.5 pts |
| ROA | 1.55% | 0.91% | -0.64 pts | 1.21% | 1.17% | -0.05 pts |
This read was prepared for Mainstreet Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Mainstreet Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort VA banks $1B to $3B
Institution www.mstreetbank.com
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