Main Street Financial Services Corp. Announces Record Q3 2026 Earnings, Highlighted By 43% Net Income Growth

(MENAFN- GlobeNewsWire - Nasdaq) 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 .

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	%

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