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Overview / Commentary
301 East Broadway
Ashland, MO 65010

Mainstreet Bank (MO) is headquartered in Ashland and is the 256th largest bank in the state of Missouri. It is also the 5,859th largest bank in the nation. It was established in 1923 and as of December of 2013, it had grown to 10 employees at 3 locations. Mainstreet Bank (MO) has a B health rating.

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Health

Data for Q4 2013

Institution Health

B
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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Mainstreet Bank (MO) had $801,000 in non-current loans and owned real-estate with $6.29 million in equity and loan loss allowances on hand to cover it. This gives Mainstreet Bank (MO) a Texas Ratio of 12.73% 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 12.01% as of December 31, 2012 to 12.73% as of December 31, 2013, resulting in a negative change of 6.07%. 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 $-243,000, resulting in -0.5% 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 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 $55.77 million in assets with $6.29 million in equity, resulting in a capitalization level of 11.28%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #13585
Year Established1923
Employees10
Primary RegulatorFED
Assets and Liabilities
Assets$55.77 million
Loans$24.03 million
Deposits$48.36 million
Equity Capital$5.80 million
Loan Loss Allowance$491,000
Unbacked Noncurrent Loans$101,000
Real Estate Owned$700,000
Historic Data - December 2012
Assets$57.34 million
Equity Capital$6.44 million
Loan Loss Allowance$337,000
Unbacked Noncurrent Loans$101,000
Real Estate Owned$750,000
Profit Margin - Quarterly
Net Interest Margin4.19%
Return on Assets0.42%
Return on Equity3.95%
Interest Income$2.68 million
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