2026 Third-Quarter Financial Highlights

  • Net income increased for the third quarter by 43.1%, totaling $6.5 million, or $0.83 per common share, compared to $4.5 million, or $0.58 per common share, for the third quarter of 2025.
  • Return on average common tangible equity (ROCTE) increased 390 basis points to 20.53%, compared to 16.63% in the third quarter of 2025.
  • Return on average assets (ROA) increased 37 basis points to 1.62%, compared to 1.25% in the third quarter of 2025.
  • Deposits increased $58.6 million, or 16.9% annualized, during the third quarter of 2026 and $110.6 million, or 11.1% annualized, for the nine months ended September 30, 2026.
  • Loans increased $23.9 million, or 7.4% annualized, during the third quarter of 2026 and $88.1 million, or 9.6% annualized, for the nine months ended September 30, 2026.
  • Efficiency ratio of 47.72% compared to 55.54% for the quarter ended September 30, 2025
  • Declared a cash dividend of $0.15 per share on August 7, 2026, following strong quarterly operating results.

WOOSTER, Ohio, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX: MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. reported net income (unaudited) of $6.5 million, or $0.83 per common share, for the three months ended September 30, 2026, an increase of $2.0 million, or 43.1%, when compared to $4.5 million, $0.58 per common share, for the quarter ended September 30, 2025. Return on average assets increased to 1.62% from 1.25% and return on average equity rose to 18.62% from 15.19%. The Company’s efficiency ratio improved to 47.72%, compared to 55.54% in the third quarter of 2025, as revenue growth outpaced expense levels.

"Our record financial performance this quarter continues a strong trend of results and reflects the strength of the relationships we have built within the communities we serve,” said Mark Witmer, President and Chief Executive Officer. “Our success is rooted in understanding the unique needs of our customers, fostering meaningful relationships, and remaining deeply connected to each community in which we operate. The trust we have earned within our communities remains a powerful driver of our success and gives us confidence in the opportunities ahead.”

Third Quarter 2026 Financial Results

Net interest income was $14.8 million for the quarter ended September 30, 2026, an increase of 16.4% from $12.7 million for the quarter ended September 30, 2025. The net interest margin of 3.88% for the third quarter of 2026 increased 17 basis points from 3.71% for the third quarter of 2025. Loan yields for the quarter ended September 30, 2026, were 6.75%, an increase of 25 basis points compared to the quarter ended September 30, 2025. Excluding purchase accounting accretion, the core loan portfolio generated a yield of approximately 6.62%, reflecting disciplined pricing and favorable portfolio mix. Purchase accounting accretion on acquired loans contributed 13 basis points to overall loan yield during the third quarter of 2026, compared to approximately 15 basis points during the third quarter of 2025. During the third quarter of 2026, $219.0 million of the existing loan portfolio repriced and the bank funded $51.5 million in term loans and extended $13.2 million of lines of credit commitments at current market rates.

Investment yields increased 25 basis points to 3.77% as of Sept 30, 2026, compared to the quarter ended September 30, 2025. The increase was driven by the purchase of higher-yielding securities during the year ended 2025, which impacted overall investment income. The cost of funds for the third quarter of 2026 was 2.52%, remaining consistent when compared to the third quarter of 2025. Funding costs reflect increased local deposit growth and reduced reliance on wholesale funding, including FHLB advances. The cost of deposits was 2.49% for the quarter ended September 30, 2026, a 6-basis point increase when compared to 2.43% for the quarter ended September 30, 2025. The cost of borrowings, which includes other borrowings as well as FHLB advances for the quarter ended September 30, 2026, totaled 5.65%, an increase of 137 basis points when compared to the quarter ended September 30, 2025. The increase is due to other borrowings as there were no Federal Home Loan Bank advances in the quarter ended Sept 30, 2026.

Noninterest income totaled $1.2 million for the quarter ended September 30, 2026, a decrease of $72,000, or 5.5%, when compared to the same period in 2025. The decrease was a result of recognizing $337,000 in death benefit proceeds generated from a bank-owned life insurance (BOLI) policy in the quarter ended September 30, 2025.

Noninterest expense totaled $7.7 million for the quarter ended September 30, 2026, a decrease of $138,000, 1.8%, compared to $7.8 million for the same period in 2025. The decrease was driven by a decrease in ATM network, audit and accounting, amortization of intangible assets, and advertising and marketing expenses. These decreases were partially offset by higher net occupancy and equipment, and franchise taxes expenses. Overall, the Company maintained disciplined expense management while absorbing higher regulatory and operating costs associated with growth.

Provision for income taxes for the quarter ended September 30, 2026, was $1.7 million, reflecting an effective tax rate of 20.8%.

September 30, 2026, Financial Condition

As of September 30, 2026, the Company had total assets of $1.61 billion with net loan balances totaling $1.30 billion. Loan balances grew by $23.9 million, or 7.4% annualized, during the third quarter of 2026.

The allowance for credit losses increased $117,000, or 3.4% annualized, during the third quarter to $13.9 million at September 30, 2026. The allowance for credit losses as a percentage of total loans was 1.06% for September 30, 2026. The allowance for credit losses and the related provision for credit losses is based on management’s judgment and evaluation of the loan portfolio. Management believes the current allowance for credit losses is adequate, however, changing economic and other conditions may require future adjustments to the allowance for credit losses.

Total liabilities were $1.47 billion at September 30, 2026, with deposits totaling $1.44 billion and wholesale funding totaling $0. Deposits grew by $58.6 million, or 16.9% annualized, during the third quarter of 2026, mainly attributed to growth from Maximize Money Market accounts and the Short-Term Relationship Certificates of Deposits. The Company primarily utilizes FHLB advances as the primary source of wholesale funding due to their accessibility and alignment with prevailing market rates.

Total stockholders’ equity was $137.4 million at September 30, 2026, a decrease of $505,000 in the third quarter and a $8.7 million increase when compared to December 31, 2025. Total stockholders’ equity decreased during the second quarter of 2026 primarily from a decrease in accumulated other comprehensive income of $6.1 million and offset by an increase of net income of $6.5 million and dividends of $1.2 million.

Credit Quality

A provision for credit losses and unfunded commitments of $188,000 was recorded for the quarter ended September 30, 2026. The provision increase primarily reflects growth in the loan portfolio during the quarter. Net charge-offs for the quarter ending September 30, 2026 were $51,000, compared to $195,000 as of September 30, 2025.

Total nonperforming loans (NPLs) were $9.1 million at September 30, 2026, an increase of $599,000 for the quarter. The NPL to average loan receivable ratio was 0.71% as of September 30, 2026. Past due loan balances of 30 days or more decreased from $9.6 million at June 30, 2026, to $8.4 million, or 0.65% of net loans outstanding, as of September 30, 2026.

Main Street Financial Services Corp. is a holding company headquartered in Wooster, Ohio. Its primary subsidiary, Main Street Bank Corp. was founded in 1899 and provides full-service banking, commercial lending, and mortgage services across its branch infrastructure. Today, Main Street Bank Corp. operates twenty-one branch locations in Wooster, Ohio, Wheeling, West Virginia and other surrounding communities in Ohio and West Virginia. Additional information about Main Street Bank Corp. is available at www.mymainstreetbank.bank. 

Non-GAAP Disclosure
This press release includes disclosures of the Company’s return on average equity, return on average assets, net income, and efficiency ratios which exclude amounts the Company views as unrelated to its normalized operations, including securities gains/losses, acquisition costs, restructuring costs, legal settlements, and system conversion costs. The financial measures are not prepared in accordance with generally accepted accounting principles in the United States (GAAP). A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flow that excludes or includes amounts that are required to be disclosed by GAAP. The Company believes that these non-GAAP financial measures provide both management and investors a more complete understanding of the underlying operational results and trends and the Company’s marketplace performance. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the numbers prepared in accordance with GAAP.

Forward-Looking-Statements
This release contains forward-looking statements that are not historical facts and that are intended to be “forward-looking statements” as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include, but are not limited to, statements about the Company’s plans, objectives, expectations and intentions and other statements contained in this release that are not historical facts and pertain to the Company’s future operating results. When used in this release, the words “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions are generally intended to identify forward-looking statements. Actual results may differ materially from the results discussed in these forward-looking statements, because such statements are inherently subject to significant assumptions, risks, and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. These include but are not limited to: the possibility of adverse economic developments that may, among other things, increase default and delinquency risks in the Company’s loan portfolios; shifts in interest rates; shifts in the rate of inflation; shifts in the demand for the Company’s loan and other products; unforeseen increases in costs and expenses; lower-than-expected revenue or cost savings in connection with acquisitions; changes in accounting policies; changes in the monetary and fiscal policies of the federal government; and changes in laws, regulations and the competitive environment.  Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information:
Matthew Hartzler
Executive Vice President, Chief Financial Officer
(330) 264-5767



MAIN STREET FINANCIAL SERVICES CORP.
Condensed Consolidated Balance Sheets
(Dollars in thousands, except share data - unaudited)
  
 For the Three Months Ended
 September 30, June 30, March 31, December 31, September 30,
 2026
 2026
 2026
 2025
 2025
ASSETS         
          
Cash and cash equivalents$92,896  $58,895  $45,496  $61,624  $51,273 
Securities, net (1) 150,254   153,606   151,287   155,696   156,607 
Loans held for sale 205   1,008   610   -   110 
Loans 1,310,800   1,286,904   1,275,901   1,222,662   1,203,690 
Less allowance for credit losses 13,879   13,762   13,671   13,130   12,710 
Net loans 1,296,921   1,273,142   1,262,230   1,209,532   1,190,980 
Federal Home Loan Bank stock 1,355   1,355   1,426   1,368   2,627 
Premises & equipment, net 7,418   7,532   7,648   7,779   7,859 
Bank-owned life insurance 22,461   22,312   22,164   22,327   22,182 
Other assets 36,960   35,460   35,804   37,201   39,328 
TOTAL ASSETS$1,608,470  $1,553,310  $1,526,665  $1,495,527  $1,470,966 
          
LIABILITIES AND STOCKHOLDERS' EQUITY         
Deposits         
Demand 322,786   319,214   328,414   332,304   346,571 
Savings 603,513   562,617   540,008   518,770   477,877 
Time 516,028   501,874   490,768   480,690   464,574 
Deposit accounts$1,442,327  $1,383,705  $1,359,189  $1,331,764  $1,289,022 
Other borrowings 15,910   20,039   23,289   22,435   26,669 
Federal Home Loan Bank advances -   -   -   -   20,000 
Accrued interest payable and other liabilities 12,815   11,643   11,134   12,608   11,652 
TOTAL LIABILITIES 1,471,052   1,415,387   1,393,612   1,366,807   1,347,343 
          
Common stock ($1.00 par value)$7,864   7,847   7,831   7,829   7,829 
Additional paid-in capital 57,493   57,278   57,204   57,217   56,727 
Retained earnings 83,617   78,301   73,382   69,728   65,922 
Accumulated other comprehensive loss (11,556)  (5,502)  (5,364)  (6,054)  (6,855)
TOTAL STOCKHOLDERS' EQUITY 137,418   137,923   133,053   128,720   123,623 
          
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$1,608,470  $1,553,310  $1,526,665  $1,495,527  $1,470,966 
          
(1) Includes available-for-sale and held-to-maturity classifications.      
          



MAIN STREET FINANCIAL SERVICES CORP. 
Condensed Consolidated Statements of Income 
(Dollars in thousands, except share data - unaudited) 
     
 For the Three Months Ended For the Nine Months Ended 
 September 30, June 30, March 31, December 31, September 30, September 30, September 30, 
 2026
 2026
 2026
 2025
 2025
 2026
 2025
 
Interest income$23,928 $22,720 $21,974 $22,066 $21,122 $68,622 $61,218 
Interest expense 9,117  8,606  8,398  8,325  8,394  26,121  24,508 
Net interest income 14,811  14,114  13,576  13,741  12,728  42,501  36,710 
Provision for credit losses 188  154  528  476  480  870  1,099 
Net interest income after provision for credit losses 14,623  13,960  13,048  13,265  12,248  41,631  35,611 
Non-interest income 1,232  1,255  960  930  1,304  3,447  3,029 
Non-interest expense              
Salaries and employee benefits 3,912  3,764  3,771  3,880  3,885  11,447  11,962 
Net occupancy and equipment 1,526  1,478  1,598  1,471  1,351  4,602  4,231 
Federal deposit insurance premiums 224  207  215  189  211  646  589 
Franchise taxes 191  189  186  284  126  566  336 
Advertising and marketing 169  175  225  205  225  569  585 
Legal 45  36  96  65  52  177  299 
Professional fees 251  301  338  326  238  890  962 
ATM Network 99  101  123  118  246  323  458 
Audit and accounting 105  163  129  199  177  397  485 
Amortization of intangible assets 476  492  507  522  537  1,475  1,658 
Other 658  635  727  642  746  2,020  2,051 
Total non-interest expense 7,656  7,541  7,915  7,901  7,794  23,112  23,616 
Income before federal income taxes 8,199  7,674  6,093  6,294  5,758  21,966  15,024 
Provision for federal income taxes 1,706  1,580  1,265  1,392  1,219  4,551  3,177 
Net income$6,493 $6,094 $4,828 $4,902 $4,539 $17,415 $11,847 
               
Earnings per share              
Basic$0.83 $0.78 $0.62 $0.63 $0.58 $2.22 $1.52 
Diluted$0.81 $0.77 $0.61 $0.62 $0.58 $2.19 $1.51 
               



MAIN STREET FINANCIAL SERVICES CORP. 
Consolidated Selected Financial Highlights 
(Dollars in thousands, except share data - unaudited) 
     
 For the Three Months Ended For the Nine Months Ended 
 September 30, June 30, March 31, December 31, September 30, September 30, September 30, 
 2026
 2026
 2026
 2025
 2025
 2026
 2025
 
Per common share data              
Basic earnings per share$0.83  $0.78  $0.62  $0.63  $0.58  $2.22  $1.52  
Diluted earnings per share$0.81  $0.77  $0.61  $0.62  $0.58  $2.19  $1.51  
Dividends declared per share$0.15  $0.15  $0.15  $0.14  $0.14  $0.45  $0.42  
Book value per share (period end)$17.47  $17.58  $16.99  $16.44  $15.79  $17.47  $15.79  
Tangible book value per share (period end) (1) (2)$15.87  $15.91  $15.25  $14.64  $13.94  $15.87  $13.94  
Stock price at end of period$24.00  $20.27  $18.30  $17.28  $16.01  $24.00  $16.01  
Dividends declared$1,177  $1,174  $1,174  $1,096  $1,096  $3,525  $3,280  
Dividend yield 2.50%  2.96%  3.28%  3.22%  3.48%  2.51%  3.51% 
Dividend payout ratio 18.13%  19.26%  24.32%  22.36%  24.15%  6.76%  24.15% 
Period ending shares outstanding 7,863,994   7,847,053   7,830,532   7,829,137   7,829,137   7,863,994   7,829,137  
               
Selected ratios              
Return on average assets (Annualized) 1.62%  1.58%  1.30%  1.32%  1.25%  1.47%  1.10% 
Return on average equity (Annualized) 18.62%  18.05%  14.95%  16.41%  15.19%  17.28%  10.59% 
Return on average tangible common equity (Annualized) (1) (3) 20.53%  20.04%  16.39%  17.11%  16.63%  19.18%  14.41% 
Efficiency 47.72%  49.07%  54.45%  53.86%  55.54%  50.30%  59.43% 
Equity to assets at period end 8.54%  8.88%  8.72%  8.61%  8.40%  8.54%  8.40% 
Noninterest expense to average assets 0.48%  0.49%  0.52%  0.54%  0.54%  1.46%  1.62% 
               
 For the Three Months Ended For the Nine Months Ended 
 September 30, June 30, March 31, December 31, September 30, September 30, September 30, 
 2026
 2026
 2026
 2025
 2025
 2026
 2025
 
Yields              
Interest-earning assets:              
Loans receivable (1) 6.75%  6.59%  6.55%  6.75%  6.50%  6.64%  6.41% 
Investment securities (1) (2) 3.77%  3.89%  4.32%  3.67%  3.60%  3.99%  3.86% 
Interest-earning deposits with other banks 3.15%  3.11%  3.43%  5.82%  5.38%  3.22%  5.10% 
Total interest-earning assets 6.27%  6.19%  6.21%  6.39%  6.15%  6.22%  6.07% 
Interest-bearing liabilities              
Deposits: 2.49%  2.43%  2.44%  2.44%  2.43%  2.45%  2.37% 
Other borrowings 5.65%  5.20%  5.35%  5.10%  3.88%  5.48%  3.96% 
Federal Home Loan Bank advances -   -   3.70%  4.27%  4.55%  3.66%  4.42% 
Total interest-bearing liabilities 2.52%  2.47%  2.49%  2.49%  2.52%  2.50%  2.51% 
Net interest margin (3) 3.88%  3.85%  3.83%  3.98%  3.71%  3.85%  3.64% 
               
(1) Tax-equivalent adjustments to calculate the yield on tax-exempt securities and loans were determined using an effective tax rate of 22.5%.
 
(2) Yield is calculated on the basis of amortized cost.
 
(3) Net interest margin represents net interest income as a percentage of average interest-earning assets.
 
               
 For the Three Months Ended     
 September 30, June 30, March 31, December 31, September 30,     
 2026
 2026
 2026
 2025
 2025
     
Asset quality data              
(Dollars in thousands, except share data - unaudited)              
Nonperforming loans$9,113  $8,514  $6,384  $5,391  $5,013      
Other real estate owned -   -   84   149   537      
Nonperforming assets$9,113  $8,514  $6,468  $5,540  $5,550      
               
Allowance for credit losses$13,879  $13,762  $13,671  $13,130  $12,710      
Allowance for credit losses/total loans 1.06%  1.07%  1.07%  1.07%  1.06%     
Net charge-offs (recoveries):              
Quarter-to-date$51  $59  $(37) $40  $195      
Year-to-date 73   22   -37   253   213      
Net charge-offs (recoveries) to average loans, annualized:              
Quarter-to-date 0.02%  0.02%  (0.01%)  0.01%  0.07%     
Year-to-date 0.01%  0.00%  (0.01%)  0.09%  0.08%     
               
Nonperforming loans/total average loans 0.71%  0.67%  0.52%  0.45%  0.43%     
Nonperforming loans/total loans 0.70%  0.66%  0.50%  0.44%  0.42%     
Allowance for credit losses/nonperforming loans 152.29%  161.63%  214.14%  243.55%  253.54%     
Nonperforming assets/total assets 0.57%  0.55%  0.51%  0.45%  0.46%     
               
 For the Three Months Ended     
 September 30, June 30, March 31, December 31, September 30,     
  2026   2026   2026   2025   2025      
Non-GAAP reconciliation              
Net Income as reported - GAAP$6,493  $6,094  $4,828  $4,902  $4,539      
Effect of BOLI death benefit recognition (tax-free) -   -   -   -   (337)     
Effect of gain on the sale of investments (net of tax benefit) -   -   -   -   -      
Effect of merger related expenses (net of tax benefit) -   -   -   -   -      
Effect of termination expenses (net of tax benefit) -   -   -   -   -      
Net Income non-GAAP$6,493  $6,094  $4,828  $4,902  $4,202      
               
Earnings per share - GAAP$0.83  $0.78  $0.62  $0.63  $0.58      
Effect of BOLI death benefit recognition (tax-free) -   -   -   -   (0.04)     
Effect of gain on the sale of investments (net of tax benefit) -   -   -   -   -      
Effect of merger related expenses (net of tax benefit) -   -   -   -   -      
Effect of termination expenses (net of tax benefit) -   -   -   -   -      
Earnings per share non-GAAP$0.83  $0.78  $0.62  $0.63  $0.54      
               
Return on average assets - GAAP 1.62%  1.58%  1.30%  1.32%  1.25%     
Effect of BOLI death benefit recognition (tax-free) -   -   -   -   (0.09%)     
Effect of gain on the sale of investments (net of tax benefit) -   -   -   -   -      
Effect of merger related expenses (net of tax benefit) -   -   -   -   -      
Effect of termination expenses (net of tax benefit) -   -   -   -   -      
Return on average assets non-GAAP 1.62%  1.58%  1.30%  1.32%  1.16%     
               
Return on average equity - GAAP 18.62%  18.05%  14.95%  16.41%  15.19%     
Effect of BOLI death benefit recognition (tax-free) -   -   -   -   (1.13%)     
Effect of gain on the sale of investments (net of tax benefit) -   -   -   -   -      
Effect of merger related expenses (net of tax benefit) -   -   -   -   -      
Effect of termination expenses (net of tax benefit) -   -   -   -   -      
Return on average equity non-GAAP 18.62%  18.05%  14.95%  16.41%  14.06%     
               
Efficiency Ratio - GAAP 47.72%  49.07%  54.45%  53.86%  55.54%     
Effect of BOLI death benefit recognition (tax-free) -   -   -   -   1.37%     
Effect of gain on the sale of investments (net of tax benefit) -   -   -   -   -      
Effect of merger related expenses (net of tax benefit) -   -   -   -   -      
Effect of termination expenses (net of tax benefit) -   -   -   -   -      
Efficiency Ratio non-GAAP 47.72%  49.07%  54.45%  53.86%  56.91%     
               



MAIN STREET FINANCIAL SERVICES CORP. 
Average Balance Sheets 
(Dollars in thousands - unaudited) 
   
 For the three months ended September 30, 
 2026
 2025
 
 Average Balance Interest Average
Rate
 Average Balance Interest Average
Rate
 
Interest-earning assets:            
Loans receivable, net$1,285,529 $21,870 6.75% $1,173,927 $19,243 6.50% 
Investment securities 155,011  1,472 3.77%  153,091  1,389 3.60% 
Interest-earning deposits 73,742  586 3.15%  36,166  491 5.38% 
Total interest-earning assets 1,514,282  23,928 6.27%  1,363,184  21,122 6.15% 
Noninterest-earning assets 71,667      88,186     
Total assets$1,585,949     $1,451,370     
Interest-bearing liabilities:            
Deposits$1,416,677 $8,874 2.49% $1,260,712 $7,727 2.43% 
Other borrowings 17,051  243 5.65%  25,437  249 3.88% 
Federal Home Loan Bank advances -  - -   36,454  418 4.55% 
Total interest-bearing liabilities 1,433,728  9,117 2.52%  1,322,604  8,394 2.52% 
Noninterest-bearing liabilities 13,838      5,143     
Total liabilities 1,447,566      1,327,747     
Stockholders’ equity 138,383      123,623     
Total liabilities and stockholders’ equity$1,585,949     $1,451,370     
Net interest income  $14,811     $12,728   
Interest rate spread    3.75%     3.63% 
Net yield on interest-earning assets    3.88%     3.48% 
Ratio of average interest-earning assets to average interest-bearing liabilities    105.62%     103.07% 
             
Interest income/avge earnings assets    6.27%     6.15% 
Interest expense/avge earnings assets    2.39%     2.44% 
Net interest margin    3.88%     3.71% 
             



MAIN STREET FINANCIAL SERVICES CORP. 
Average Balance Sheets 
(Dollars in thousands - unaudited) 
   
 For the three months ended 
 September 30, 2026 June 30, 2026 
 Average Balance Interest Average
Rate
 Average Balance Interest Average
Rate
 
Interest-earning assets:            
Loans receivable, net$1,285,529 $21,870 6.75% $1,267,068 $20,829 6.59% 
Investment securities 155,011  1,472 3.77%  152,614  1,482 3.89% 
Interest-earning deposits 73,742  586 3.15%  52,791  409 3.11% 
Total interest-earning assets 1,514,282  23,928 6.27%  1,472,473  22,720 6.19% 
Noninterest-earning assets 71,667      72,938     
Total assets$1,585,949     $1,545,411     
Interest-bearing liabilities:            
Deposits$1,416,677 $8,874 2.49% $1,377,190 $8,340 2.43% 
Other borrowings 17,051  243 5.65%  20,534  266 5.20% 
Federal Home Loan Bank advances -  - -   -  - -  
Total interest-bearing liabilities 1,433,728  9,117 2.52%  1,397,724  8,606 2.47% 
Noninterest-bearing liabilities 13,838      12,305     
Total liabilities 1,447,566      1,410,030     
Stockholders’ equity 138,383      135,382     
Total liabilities and stockholders’ equity$1,585,949     $1,545,411     
Net interest income  $14,811     $14,114   
Interest rate spread    3.75%     3.72% 
Net yield on interest-earning assets    3.88%     3.84% 
Ratio of average interest-earning assets to average interest-bearing liabilities    105.62%     105.35% 
             
Interest income/avge earnings assets    6.27%     6.19% 
Interest expense/avge earnings assets    2.39%     2.34% 
Net interest margin    3.88%     3.85% 
             



MAIN STREET FINANCIAL SERVICES CORP. 
Average Balance Sheets 
(Dollars in thousands - unaudited) 
   
 For the nine months ended September 30, 
 2026
 2025
 
 Average Balance Interest Average
Rate
 Average Balance Interest Average
Rate
 
Interest-earning assets:            
Loans receivable, net$1,261,709 $62,615 6.64% $1,149,049 $55,102 6.41% 
Investment securities 153,950  4,597 3.99%  158,540  4,581 3.86% 
Interest-earning deposits 58,537  1,410 3.22%  40,205  1,535 5.10% 
Total interest-earning assets 1,474,196  68,622 6.22%  1,347,794  61,218 6.07% 
Noninterest-earning assets 111,753      110,349     
Total assets$1,585,949     $1,458,143     
Interest-bearing liabilities:            
Deposits$1,378,682 $25,296 2.45% $1,211,344 $21,513 2.37% 
Other borrowings 19,039  781 5.48%  26,722  791 3.96% 
Federal Home Loan Bank advances 1,607  44 3.66%  66,728  2,204 4.42% 
Total interest-bearing liabilities 1,399,327  26,121 2.50%  1,304,794  24,508 2.51% 
Noninterest-bearing liabilities 51,840      29,725     
Total liabilities 1,451,168      1,334,520     
Stockholders’ equity 134,781      123,623     
Total liabilities and stockholders’ equity$1,585,949     $1,458,143     
Net interest income  $42,501     $36,710   
Interest rate spread    3.73%     3.56% 
Net yield on interest-earning assets    3.85%     3.64% 
Ratio of average interest-earning assets to average interest-bearing liabilities    105.35%     103.30% 
             
Interest income/avge earnings assets    6.22%     6.07% 
Interest expense/avge earnings assets    2.37%     2.43% 
Net interest margin    3.85%     3.64%