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Overview / Commentary
301 East Broadway
Ashland, MO 65010

Mainstreet Bank (MO) is headquartered in Ashland and is the 259th largest bank in the state of Missouri. It is also the 5,816st largest bank in the nation. It was established in 1923 and as of March of 2014, it had grown to 12 employees at 3 locations. Mainstreet Bank (MO) has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Mainstreet Bank (MO) has a relatively low asset base.

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Mainstreet Bank (MO) had $801,000 in non-current loans and owned real-estate with $6.73 million in equity and loan loss allowances on hand to cover it. This gives Mainstreet Bank (MO) a Texas Ratio of 11.90% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Mainstreet Bank (MO) experienced no significant changes from 12.10% as of March 31, 2013 to 11.90% as of March 31, 2014, resulting in a positive change of 1.65%.This indicates that the balance sheet and financial strength for Mainstreet Bank (MO) has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Mainstreet Bank (MO) has decreased its total deposits by -$1.3 million, resulting in -2.62% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Mainstreet Bank (MO) has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Mainstreet Bank (MO) has $55.85 million in assets with $6.73 million in equity, resulting in a capitalization level of 12.05%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #13585
Year Established1923
Employees12
Primary RegulatorFED
Assets and Liabilities
Assets$55.85 million
Loans$22.71 million
Deposits$48.39 million
Equity Capital$6.23 million
Loan Loss Allowance$501,000
Unbacked Noncurrent Loans$101,000
Real Estate Owned$700,000
Historic Data - March 2013
Assets$58.46 million
Equity Capital$6.51 million
Loan Loss Allowance$361,000
Unbacked Noncurrent Loans$101,000
Real Estate Owned$750,000
Profit Margin - Quarterly
Net Interest Margin4.47%
Return on Assets1.07%
Return on Equity9.91%
Interest Income$665,000
Rates

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Locations


Mainstreet Bank (MO) Locations
Bunceton Branch101 West Main StreetBunceton, MO 65237
Mainstreet Bank301 East BroadwayAshland, MO 65010
Prairie Home Branch510 Highway DrivePrairie Home, MO 65068