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Main Street Bank Corp.

Wheeling, WV · Cert 57162

FDIC · 5 branches

Q1 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2024, the quarter ended March 31, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Main Street Bank Corp.

Wheeling, WV · Cert 57162

FDIC · 5 branches

Q1 2024

$602.8MAssets
$435.8MLoans
$476.3MDeposits
$58.4MEquity
Loan mix
83%RE $360.9M13%C&I $55.3M4%Consumer $19.2MQ1 2023Q1 2024
Deposit mix
75%Interest-bearing $355.7M25%Noninterest $120.6MQ1 2023Q1 2024

NIM

3.41%Q1 ’224.38%Q1 ’235.01%Q1 ’24+27%-12%

Non-interest income vs. expense

1.87%Q1 ’222.07%Q1 ’232.14%Q1 ’24+12%-1%

Market Position · Wheeling, WV-OH · 2023 SOD (annual) · 7.2% share · #3 of 14 inst. · $0.4B of $5.5B

12.3% Ohio
24.5% Brooke
7.8% Marshall
0.4% Jefferson

Executive Summary

  • Earnings: ROA of 0.97%, down 31 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 1.36% of loans (-74 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 10.36%, up 52 bps from a year ago.
  • Funding: loans stand at 91.49% of deposits as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

0.97%-31 bps YoY

Net Interest Margin (YTD, annualized)

3.31%-46 bps YoY

Efficiency Ratio (YTD, annualized)

61.31%+766 bps YoY

Tier 1 Leverage Ratio

10.36%+52 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets1.28%1.22%0.94%0.98%0.97%-31 bps
Return on Equity14.80%13.82%10.49%10.78%10.08%-472 bps
Net Interest Margin3.77%3.57%3.48%3.37%3.31%-46 bps
Efficiency Ratio53.65%53.99%60.41%61.14%61.31%+766 bps
Non-Interest Burden1.98%1.88%2.18%2.09%1.96%-2 bps
Growth
Asset Growth (YoY)3.41%1.28%-2.44%-0.08%-1.93%-534 bps
Loan Growth (YoY)2.38%4.16%3.18%4.79%5.94%+356 bps
Deposit Growth (YoY)0.76%-3.98%-8.50%-7.79%-8.60%-937 bps
Asset Quality
Nonperforming Loans / Loans2.10%2.18%1.49%1.47%1.36%-74 bps
Net Charge-Offs / Loans-0.04%0.19%0.12%0.12%-0.07%-3 bps
Allowance / Loans1.62%1.53%1.54%1.42%1.43%-19 bps
Allowance Coverage of NPLs0.8x0.7x1.0x1.0x1.1x+0.3x
Capital
Tier 1 Leverage Ratio9.84%9.96%10.16%10.26%10.36%+52 bps
Total Risk-Based Capital9.84%9.96%10.16%10.26%10.36%+52 bps
Equity / Assets8.78%9.16%9.30%9.49%9.68%+91 bps
Liquidity & Funding
Loans / Deposits78.93%84.82%87.51%89.06%91.49%+1,256 bps
Liquid Assets / Assets20.31%16.57%15.89%15.64%14.71%-560 bps
CRE / Total Capitaln/an/an/an/an/an/an/a