MainStreet Bank Reports Sustained Profitability

Fairfax, VA – MainStreet Bank (OTC Bulletin Board: MNSB) reported a profitable 2012 after expending diligent efforts to return its loan portfolio to historically strong levels. This marks the fifth consecutive year of profitability for MainStreet Bank.

“Loan quality was a significant focus in 2012. The effects of the economy caught up to a few of our borrowers at the end of 2011 – which increased our nonperforming numbers,” reported Chairman, CEO and President Jeff W. Dick. “After a year of concerted efforts working with our borrowers and in a few cases writing down assets, I am happy to report that our asset quality is once again strong. Nonperforming loans now represent a nominal one-third of one percent of our loan portfolio.”

The Bank originated $65 million in new commercial loans this year, with gross loans ending the year at $215 million. The bank’s balance sheet reflects total assets at $271 million. Total deposits are at $241 million and the bank remains well capitalized. The year-end book value per share is $9.73. The share price on December 31, 2012 closed at 60% of book value, or $5.80.

During 2012, MainStreet Bank introduced a new and unique program called aircharity®. aircharity® is an all-encompassing internet-based fundraising solution for organized charities, groups or individuals who are raising money for any cause. To learn more about aircharity®, visit

MainStreet operates branches in Herndon, Fairfax, Fairfax City, McLean and Clarendon. In addition, MainStreet has 50,000 free ATMs across the United States and an online banking solution called With a robust and easy-to-use online business banking technology, MainStreet has “put our bank” in well over 450 businesses in the Metropolitan area and across the United States. 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®.

MainStreet Bank was the first community bank in the Washington, DC 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 FDIC insurance on deposits up to $50 million. Further information on the Bank can be obtained by visiting its website at

This release contains forward-looking statements, including our expectations with respect to future events, that are subject to various risks and uncertainties. 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, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. Other risks that can affect the Bank are detailed from time to time in our quarterly and annual reports filed with the Board of Governors of the Federal Reserve System. 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

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