メインストリートバンクの適時開示・決算・その他

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): Date: April 20, 2026

MainStreet Bancshares, Inc.

(Exact name of Registrant as Specified in Its Charter)

Virginia	001-38817	81-2871064
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

10089 Fairfax Boulevard, Fairfax, VA		22030
(Address of Principal Executive Offices)		(Zip Code)

(703) 481-4567

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	MNSB	The Nasdaq Stock Market LLC
Depositary Shares (each representing a 1/40th interest in a share of 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock	MNSBP	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On April 20, 2026, MainStreet Bancshares, Inc. (the “Company”) issued a press release setting forth the Company’s first quarter 2026 unaudited financial results. A copy of the Company’s press release is attached hereto as Exhibit 99.1, is hereby incorporated by reference, and will be posted on the Company's website.

Item 7.01 Regulation FD Disclosure

On April 20, 2026, the Company made available an investor presentation analyzing its first quarter financial results. A copy of the Company’s investor presentation is attached hereto as Exhibit 99.2, is hereby incorporated by reference, and will be posted on the Company’s website.

The information furnished under Items 2.02, 7.01 and 9.01 of this Current Report on Form 8-K, including the exhibits, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and it shall not be deemed incorporated by reference in any filing under the Exchange Act, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing to this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press Release, dated April 20, 2026, with respect to the Company’s unaudited financial results for the first quarter ended March 31, 2026
99.2		Investor Presentation dated April 20, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MAINSTREET BANCSHARES, INC

Date: April 20, 2026	By:	/s/ Richard A. Vari
		Name: Richard A. Vari
		Title: Chief Financial Officer

EX-99.1 2 ex_923269.htm EXHIBIT 99.1 ex_923269.htm

Exhibit 99.1

PRESS RELEASE		Contact: Billy Freesmeier
April 20, 2026 8:00 AM ET		Chief of Staff
		(703) 481-4579

MainStreet Bancshares, Inc. Announces First Quarter 2026 Results

Net Interest Margin Expands on Disciplined Funding Strategy

Fairfax, VA., April 20, 2026 – MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the financial holding company for MainStreet Bank, reported a net income of $4.1 million for the quarter-ended March 31, 2026, resulting in earnings per common share of $0.48. The net interest margin expanded 9 basis points during the quarter to 3.47%, resulting from consistent loan pricing and lower funding costs.

During the quarter the Company executed a buyback of 273,448 shares, and the book value per common share ended the quarter at $25.63. The Company and Bank remain strongly capitalized.

“Our team’s disciplined execution continues to drive value for our shareholders. With robust liquidity and a growing book value, we leveraged our share buyback program to take advantage of accretive opportunities in the market. At the same time, we remain focused on delivering strong and sustainable earnings growth,” said Jeff W. Dick, Chairman and CEO of MainStreet Bancshares, Inc. and MainStreet Bank.

“We continue to replace higher cost funds with lower cost deposits which is a key driver of our expanding net interest margin,” said Alex Vari, CFO of MainStreet Bancshares, Inc. and MainStreet Bank. “We’ve seen our eighth straight quarter with improvement in our total cost of deposits. This is a testament to our diligence in structuring noncore deposits while our business bankers maintain and grow valuable relationships within our community. Total core funding is $1.4 billion and total deposits grew to over $1.9 billion.”

“Net loans increased for the quarter to $1.85 billion resulting in a well-managed 98% loan-to-deposit ratio. We’re pleased to have grown our owner-occupied commercial real estate book by $79 million year-over-year. Our owner-occupied relationships also bring good deposit balances, which helps to maximize the value of our customer relationships,” said Tom Floyd, Chief Lending Officer of MainStreet Bank.

Nonperforming assets as a percentage of total assets settled at 2.47% while loans 30-89 days past due and accruing improved to 0.95%. In response, Chris Johnston, Chief Credit Officer of MainStreet Bank, added, “We have a strong credit culture and a comprehensive underwriting process. The loans we are currently working to resolve are secured by properly leveraged real estate with personal guarantees. Our primary objective is to work with borrowers to resolve loans that have elevated risk without exposing the Bank to a loss of principal. Our team’s track record on resolutions is strong – with a total accumulated principal loss of less-than $10 million over the entire 22-year history for the commercial loan portfolio.”

About MainStreet Bank: MainStreet operates seven branches in Herndon, Fairfax, McLean, Leesburg, Middleburg, Clarendon, and Washington, D.C. MainStreet Bank has over 55,000 free ATMs and a fully integrated online and mobile banking solution. The Bank is not restricted by a conventional branching system, as it can offer business customers the ability to Put Our Bank in Your Office®. With robust and easy-to-use online business banking technology, MainStreet has "put our bank" in thousands of businesses in the metropolitan area.

MainStreet Bank has a robust line of business and professional lending products, including government contracting lines of credit, commercial lines and term loans, residential and commercial construction, and commercial real estate. MainStreet also works with the SBA to offer 7A and 504 lending solutions. From sophisticated cash management to enhanced mobile banking and instant-issue Debit cards, MainStreet Bank is always looking for ways to improve our customer's experience.

MainStreet Bank was the first community bank in the Washington, D.C., metropolitan area to offer a full online business banking solution. MainStreet Bank was also the first bank headquartered in the Commonwealth of Virginia to offer CDARS – a solution that provides multi-million-dollar FDIC insurance. Further information on the Bank can be obtained by visiting its website at mstreetbank.com.

This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursuant,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, future impacts of pandemic outbreaks, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.

UNAUDITED CONSOLIDATED BALANCE SHEET INFORMATION

(In thousands)

	March 31, 2026			December 31, 2025*			September 30, 2025			June 30, 2025			March 31, 2025
ASSETS
Cash and due from banks	$	33,044		$	25,179		$	23,940		$	20,888		$	18,384
Interest-bearing deposits at other financial institutions		783			1,276			1,315			864			735
Federal funds sold		134,288			136,301			102,039			111,532			183,521
Total cash and cash equivalents		168,115			162,756			127,294			133,284			202,640
Investment securities available for sale (AFS), at fair value		57,021			57,954			58,338			56,138			55,935
Investment securities held to maturity (HTM), at amortized cost, net of allowance for credit losses of $0 for all periods		13,790			13,798			14,293			14,846			15,657
Restricted securities, at amortized cost		6,998			7,005			7,005			7,005			7,005
Loans, net of allowance for credit losses of $19,049, $19,308, $18,831, $19,057, and $19,460, respectively		1,850,961			1,841,833			1,788,243			1,767,432			1,811,789
Premises and equipment, net		13,430			13,608			13,212			13,344			13,020
Other real estate owned, net		1,094			1,697			—			—			—
Property held for sale, at fair value		2,745			2,728			3,225			3,225			—
Accrued interest and other receivables		13,453			14,518			13,622			15,023			9,607
Bank owned life insurance		41,071			40,752			40,433			40,117			39,809
Other assets		54,615			56,020			59,124			64,367			67,383
Total Assets	$	2,223,293		$	2,212,669		$	2,124,789		$	2,114,781		$	2,222,845
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Non-interest bearing deposits	$	359,113		$	378,694		$	324,717		$	330,045		$	345,319
Interest-bearing demand deposits		120,700			119,407			123,231			124,090			106,033
Savings and NOW deposits		138,667			121,905			125,214			116,069			124,049
Money market deposits		545,804			499,334			458,946			463,904			511,925
Time deposits		750,441			779,844			778,727			764,439			820,999
Total deposits		1,914,725			1,899,184			1,810,835			1,798,547			1,908,325
Subordinated debt, net		70,035			69,936			69,837			71,238			72,138
Other liabilities		23,549			24,958			25,754			31,526			32,764
Total Liabilities		2,008,309			1,994,078			1,906,426			1,901,311			2,013,227
Stockholders’ Equity:
Preferred stock		27,263			27,263			27,263			27,263			27,263
Common stock		28,247			29,008			29,833			29,825			29,810
Capital surplus		61,045			66,531			68,895			68,261			67,612
Retained earnings		104,360			101,557			98,793			95,585			92,305
Accumulated other comprehensive loss		(5,931	)		(5,768	)		(6,421	)		(7,464	)		(7,372	)
Total Stockholders’ Equity		214,984			218,591			218,363			213,470			209,618
Total Liabilities and Stockholders’ Equity	$	2,223,293		$	2,212,669		$	2,124,789		$	2,114,781		$	2,222,845

*Derived from audited financial statements

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME INFORMATION

(In thousands, except share and per share data)

	Three Months Ended
	March 31, 2026			December 31, 2025		September 30, 2025		June 30, 2025			March 31, 2025
INTEREST INCOME:
Interest and fees on loans	$	29,518		$	29,969	$	30,688	$	32,443		$	31,111
Interest on investment securities
Taxable securities		418			421		435		431			420
Tax-exempt securities		287			276		270		267			263
Interest on interest-bearing deposits at other financial institutions		10			10		11		10			22
Interest on federal funds sold		985			1,198		1,060		1,135			1,147
Total interest income		31,218			31,874		32,464		34,286			32,963
INTEREST EXPENSE:
Interest on interest-bearing demand deposits		890			1,064		1,071		1,004			1,048
Interest on savings and NOW deposits		389			390		467		391			221
Interest on money market deposits		3,991			4,246		4,623		4,707			5,276
Interest on time deposits		7,650			8,244		8,369		8,595			9,031
Interest on federal funds purchased		25			—		28		—			65
Interest on subordinated debt		779			788		804		799			812
Total interest expense		13,724			14,732		15,362		15,496			16,453
Net interest income		17,494			17,142		17,102		18,790			16,510
Provision for credit losses		(131	)		328		144		(543	)		—
Net interest income after provision for credit losses		17,625			16,814		16,958		19,333			16,510
NON-INTEREST INCOME:
Deposit account service charges		573			559		557		538			530
Bank owned life insurance income		319			319		316		308			302
Gain on retirement of subordinated debt		—			—		145		68			60
Gain on equity securities		—			—		—		103			—
Loss on sale of other real estate owned		(685	)		—		—		—			—
Other non-interest income		200			22		104		49			47
Total non-interest income		407			900		1,122		1,066			939
NON-INTEREST EXPENSES:
Salaries and employee benefits		7,551			7,557		7,366		8,279			8,385
Furniture and equipment expenses		758			884		799		1,141			1,016
Advertising and marketing		296			469		571		530			481
Occupancy expenses		365			293		400		318			396
Outside services		460			688		625		1,290			1,173
Administrative expenses		241			238		259		270			229
Other real estate owned expenses		220			—		—		—			—
Other operating expenses		2,783			2,696		2,647		2,917			2,634
Total non-interest expenses		12,674			12,825		12,667		14,745			14,314
Income before income tax expense		5,358			4,889		5,413		5,654			3,135
Income tax expense		1,258			836		896		1,064			682
Net income		4,100			4,053		4,517		4,590			2,453
Preferred stock dividends		539			539		539		539			539
Net income available to common shareholders	$	3,561		$	3,514	$	3,978	$	4,051		$	1,914
Earnings per common share, basic and diluted	$	0.48		$	0.46	$	0.52	$	0.53		$	0.25
Weighted average number of common shares, basic and diluted		7,484,310			7,564,723		7,704,639		7,704,677			7,636,191

UNAUDITED LOAN, DEPOSIT AND BORROWING DETAIL

(In thousands)

	March 31, 2026						December 31, 2025*						March 31, 2025						Percentage Change
	$ Amount			% of Total			$ Amount			% of Total			$ Amount			% of Total			Last 3 Mos			Last 12 Mos
LOANS:
Construction and land development loans	$	299,043			16.0	%	$	300,666			16.1	%	$	344,816			18.8	%		-0.5	%		-13.3	%
Residential real estate loans		448,290			23.9	%		441,578			23.7	%		451,324			24.6	%		1.5	%		-0.7	%
Commercial real estate loans		1,024,695			54.7	%		1,014,932			54.4	%		933,349			50.8	%		1.0	%		9.8	%
Commercial and industrial loans		100,782			5.3	%		106,991			5.7	%		105,180			5.7	%		-5.8	%		-4.2	%
Consumer loans		1,232			0.1	%		1,148			0.1	%		1,332			0.1	%		7.3	%		-7.5	%
Total Gross Loans	$	1,874,042			100.0	%	$	1,865,315			100.0	%	$	1,836,001			100.0	%		0.5	%		2.1	%
Less: Allowance for credit losses		(19,049	)					(19,308	)					(19,460	)
Net deferred loan fees		(4,032	)					(4,174	)					(4,752	)
Net Loans	$	1,850,961					$	1,841,833					$	1,811,789
DEPOSITS:
Non-interest bearing deposits	$	359,113			18.8	%	$	378,694			20.0	%	$	345,319			18.1	%		-5.2	%		4.0	%
Interest-bearing deposits:
Demand deposits		120,700			6.3	%		119,407			6.3	%		106,033			5.6	%		1.1	%		13.8	%
Savings and NOW deposits		138,667			7.2	%		121,905			6.4	%		124,049			6.5	%		13.8	%		11.8	%
Money market deposits		545,804			28.5	%		499,334			26.3	%		511,925			26.8	%		9.3	%		6.6	%
Time deposit $250,000 or more		478,971			25.0	%		490,594			25.8	%		541,772			28.4	%		-2.4	%		-11.6	%
Time deposit less than $250,000		271,470			14.2	%		289,250			15.2	%		279,227			14.6	%		-6.1	%		-2.8	%
Total Deposits	$	1,914,725			100.0	%	$	1,899,184			100.0	%	$	1,908,325			100.0	%		0.8	%		0.3	%
BORROWINGS:
Subordinated debt, net	$	70,035			100.0	%	$	69,936			100.0	%	$	72,138			100.0	%		0.1	%		-2.9	%
Total Borrowings	$	70,035			100.0	%	$	69,936			100.0	%	$	72,138			100.0	%		0.1	%		-2.9	%
Total Deposits and Borrowings	$	1,984,760					$	1,969,120					$	1,980,463						0.8	%		0.2	%

Core customer funding sources (1)	$	1,399,602			70.5	%	$	1,400,678			71.1	%	$	1,330,390			67.2	%		-0.1	%		5.2	%
Brokered and listing service sources (2)		515,123			26.0	%		498,506			25.3	%		577,935			29.2	%		3.3	%		-10.9	%
Subordinated debt, net (3)		70,035			3.5	%		69,936			3.6	%		72,138			3.6	%		0.1	%		-2.9	%
Total Funding Sources	$	1,984,760			100.0	%	$	1,969,120			100.0	%	$	1,980,463			100.0	%		0.8	%		0.2	%

*Derived from audited financial statements

(1)	Includes ICS, CDARS, and reciprocal deposits maintained by customers, which represent sweep accounts tied to customer operating accounts.
(2)	Consists of certificates of deposit (CD) through multiple listing services and multiple brokered deposit services, as well as ICS and CDARS one-way certificates of deposit and regional money market accounts. Excludes $138.5 million in core deposits placed in reciprocal networks for FDIC insurance coverage that will be classified as brokered deposits on the call report in pursuant to rule 12 CFR 337.6(e) as of March 31, 2026.
(3)	Subordinated debt obligation qualifies as Tier 2 capital at the holding company and Tier 1 capital at the Bank.

UNAUDITED AVERAGE BALANCE SHEETS, INTEREST AND RATES

(In thousands)

	For the three months ended March 31, 2026							For the three months ended March 31, 2025
	Average Balance		Interest Income/ Expense (3)(4)		Average Yields/ Rate (annualized) (3)(4)			Average Balance		Interest Income/ Expense (3)(4)		Average Yields/ Rate (annualized) (3)(4)
ASSETS:
Interest-earning assets:
Loans (1)(2)	$	1,863,613	$	29,518		6.42	%	$	1,838,358	$	31,111		6.86	%
Securities:
Taxable		49,742		418		3.41	%		53,143		420		3.21	%
Tax-exempt		36,164		363		4.07	%		35,200		333		3.84	%
Interest-bearing deposits at other financial institutions		1,103		10		3.68	%		2,039		22		4.38	%
Federal funds sold		101,091		985		3.95	%		109,651		1,147		4.24	%
Total interest-earning assets	$	2,051,713	$	31,294		6.19	%	$	2,038,391	$	33,033		6.57	%
Other assets		128,115							117,070
Total assets	$	2,179,828						$	2,155,461
Liabilities and Stockholders’ Equity:
Interest-bearing liabilities:
Interest-bearing demand deposits	$	119,624	$	890		3.02	%	$	111,413	$	1,048		3.81	%
Savings and NOW deposits		134,931		389		1.17	%		67,851		221		1.32	%
Money market deposits		491,732		3,991		3.29	%		537,733		5,276		3.98	%
Time deposits		773,632		7,650		4.01	%		798,007		9,031		4.59	%
Total interest-bearing deposits	$	1,519,919	$	12,920		3.45	%	$	1,515,004	$	15,576		4.17	%
Federal funds purchased		2,557		25		3.97	%		5,610		65		4.70	%
Subordinated debt, net		69,996		779		4.51	%		73,043		812		4.51	%
Total interest-bearing liabilities	$	1,592,472	$	13,724		3.50	%	$	1,593,657	$	16,453		4.19	%
Demand deposits and other liabilities		369,543							353,711
Total liabilities	$	1,962,015						$	1,947,368
Stockholders’ Equity		217,813							208,093
Total Liabilities and Stockholders’ Equity	$	2,179,828						$	2,155,461
Interest Rate Spread						2.69	%						2.38	%
Net Interest Income			$	17,570						$	16,580
Net Interest Margin						3.47	%						3.30	%

(1)	Includes loans classified as non-accrual
(2)	Total loan interest income includes amortization of deferred loan fees, net of deferred loan costs
(3)	Income and yields for all periods presented are reported on a tax-equivalent basis using the federal statutory rate of 21%
(4)	Refer to "Unaudited Reconciliation of Certain Non-GAAP Financial Measures" for reconciliation of non-GAAP measures

UNAUDITED SUMMARY FINANCIAL DATA

(Dollars in thousands except per share data)

	At or For the Three Months Ended
	March 31, 2026			March 31, 2025
Per share Data and Shares Outstanding
Earnings per common share (basic and diluted)	$	0.48		$	0.25
Book value per common share	$	25.63		$	23.67
Weighted average common shares (basic and diluted)		7,484,310			7,636,191
Common shares outstanding at end of period		7,324,049			7,703,197
Performance Ratios
Return on average assets (annualized)		0.76	%		0.46	%
Return on average equity (annualized)		7.63	%		4.78	%
Return on average common equity (annualized)		7.58	%		4.29	%
Yield on earning assets (FTE)(2) (annualized)		6.19	%		6.57	%
Cost of interest-bearing liabilities (annualized)		3.50	%		4.19	%
Net interest spread (FTE)(2) (annualized)		2.69	%		2.38	%
Net interest margin (FTE)(2) (annualized)		3.47	%		3.30	%
Non-interest income as a percentage of average assets (annualized)		0.08	%		0.18	%
Non-interest expense to average assets (annualized)		2.36	%		2.69	%
Efficiency ratio(3)		70.80	%		82.03	%
Allowance for Credit Losses
Allowance for credit losses (ACL)
Beginning balance, ACL - loans	$	19,308		$	19,450
Add: recoveries		22			10
Less: charge-offs		(281	)		—
Add: provision for credit losses - loans		—			—
Ending balance, ACL - loans	$	19,049		$	19,460

Beginning balance, reserve for unfunded commitment (RUC)	$	335		$	287
Provision for unfunded commitments, net		(131	)		—
Ending balance, RUC	$	204		$	287
Total allowance for credit losses	$	19,253		$	19,747

Allowance for credit losses on loans to total gross loans		1.02	%		1.06	%
Allowance for credit losses on loans to non-performing loans		35.44	%		89.82	%
Net charge-offs to average gross loans (annualized)		0.06	%		0.00	%
Concentration Ratios
Commercial real estate loans to total capital (4)		367.59	%		388.24	%
Construction loans to total capital (5)		100.13	%		115.56	%
Past due and Non-performing Assets
Loans 30-89 days past due and accruing to total gross loans		0.95	%		2.19	%
Loans 90 days past due and accruing to total gross loans		0.00	%		0.00	%
Non-accrual loans to total gross loans		2.88	%		1.18	%
Other real estate owned, net	$	1,094		$	—
Non-performing loans	$	53,751		$	21,665
Non-performing assets to total assets		2.47	%		0.97	%
Regulatory Capital Ratios (Bank only) (1)
Total risk-based capital ratio		15.64	%		15.83	%
Tier 1 risk-based capital ratio		14.63	%		14.78	%
Leverage ratio		12.81	%		12.90	%
Common equity tier 1 ratio		14.63	%		14.78	%
Other information
Common shares closing stock price	$	22.20		$	16.72
Total equity / total assets		9.67	%		9.43	%
Average equity / average assets		9.99	%		9.65	%
Number of full time equivalent employees		168			182
Number of full service branch offices		7			6

(1)	Regulatory capital ratios as of March 31, 2026 are preliminary
(2)	Refer to "Unaudited Reconciliation of Certain Non-GAAP Financial Measures" for reconciliation of non-GAAP measures
(3)	Efficiency ratio is calculated as non-interest expense as a percentage of net interest income and non-interest income
(4)	Commercial real estate includes only non-owner occupied, multifamily, and construction loans as a percentage of Bank capital
(5)	Construction loans as a percentage of Bank capital

Unaudited Reconciliation of Certain Non-GAAP Financial Measures

(Dollars In thousands)

	For the three months ended March 31,
	2026			2025
Net interest margin (FTE)
Net interest income (GAAP)	$	17,494		$	16,510
FTE adjustment on tax-exempt securities		76			70
Net interest income (FTE) (non-GAAP)		17,570			16,580

Average interest-earning assets		2,051,713			2,038,391
Net interest margin (GAAP)		3.46	%		3.28	%
Net interest margin (FTE) (non-GAAP)		3.47	%		3.30	%

	For the three months ended March 31,
	2026			2025
Yield on earning assets (FTE)
Total interest income (GAAP)	$	31,218		$	32,963
FTE adjustment on tax-exempt securities		76			70
Total interest income (FTE) (non-GAAP)		31,294			33,033

Average interest-earning assets		2,051,713			2,038,391
Yield on earning assets (GAAP)		6.17	%		6.56	%
Yield on earning assets (FTE) (non-GAAP)		6.19	%		6.57	%

	For the three months ended March 31,
	2026			2025
Net interest spread (FTE)
Yield on earning assets (GAAP)		6.17	%		6.56	%
Yield on earning assets (FTE) (non-GAAP)		6.19	%		6.57	%

Yield on interest-bearing liabilities (GAAP)		3.50	%		4.19	%

Net interest spread (GAAP)		2.67	%		2.37	%
Net interest spread (FTE) (non-GAAP)		2.69	%		2.38	%

EX-99.2 3 ex_923270.htm EXHIBIT 99.2 Image Exhibit

Exhibit 99.2