ex_990544.htm

Exhibit 99.1

PRESS RELEASE		Contact: Billy Freesmeier
October 26, 2026 8:00 AM ET		Chief of Staff
		(703) 481-4579

MainStreet Bancshares, Inc. Reports Third Quarter 2026 Results

Relationship banking drives growth in net interest income

Fairfax, VA., October 26, 2026 – MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the financial holding company for MainStreet Bank, reported net income of $3.6 million for the quarter-ended September 30, 2026, resulting in earnings per common share of $0.43. The net interest margin was 3.55% for the quarter, up two basis points from the previous quarter. Net interest income increased to $18.8 million for the quarter, marking the fourth consecutive quarterly increase.

During the quarter the Bank exercised targeted credit remediation by adding a $1.9 million provision for credit losses, an impact on earnings per common share of ($0.21). The Company and Bank remain well-capitalized with strong liquidity.

"No sector is entirely immune to broader economic realignments, and we are managing through commercial real estate adjustments with eyes wide open," said Jeff W. Dick, Chairman and CEO of MainStreet Bancshares, Inc. and MainStreet Bank.

Chris Johnston, Chief Credit Officer of MainStreet Bank added, "resolving credit challenges in a transitioning commercial real estate environment requires active engagement and patience. We are methodically working through nonperforming assets and prioritizing long-term portfolio quality over short-term expediency. Management continues to actively stress-test the credit portfolio, engage with borrowers, and enforce strong recourse structures."

"A stabilizing D.C. market reinforces the value of our core relationship banking model," added Abdul Hersiburane, President of MainStreet Bank. "As local economic conditions improve, we remain focused on deploying capital prudently, working with well-capitalized borrowers, supporting sound commercial developments, and converting market transition into long-term shareholder value."

About MainStreet Bank: MainStreet operates seven branches in Herndon, Fairfax, McLean, Leesburg, Middleburg, Clarendon, and Washington, D.C. MainStreet Bank has over 55,000 free ATMs and a fully integrated online and mobile banking solution. 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®. With robust and easy-to-use online business banking technology, MainStreet has "put our bank" in thousands of businesses in the metropolitan area.

MainStreet Bank has a robust line of business and professional lending products, including government contracting lines of credit, commercial lines and term loans, residential and commercial construction, and commercial real estate. MainStreet also works with the SBA to offer 7A and 504 lending solutions. From sophisticated cash management to enhanced mobile banking and instant-issue Debit cards, MainStreet Bank is always looking for ways to improve our customers' experience.

MainStreet Bank was the first community bank in the Washington, D.C., 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 multi-million-dollar FDIC insurance. Further information on the Bank can be obtained by visiting its website at mstreetbank.com.

This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursuant,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements. 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, future impacts of pandemic outbreaks, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. 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 performance.

UNAUDITED CONSOLIDATED BALANCE SHEET INFORMATION

(In thousands)

	September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025*			September 30, 2025
ASSETS
Cash and due from banks	$	28,203		$	30,125		$	33,044		$	25,179		$	23,940
Interest-bearing deposits at other financial institutions		688			751			783			1,276			1,315
Federal funds sold		69,510			78,405			134,288			136,301			102,039
Total cash and cash equivalents		98,401			109,281			168,115			162,756			127,294
Investment securities available for sale (AFS), at fair value		53,066			57,114			57,021			57,954			58,338
Investment securities held to maturity (HTM), at amortized cost, net of allowance for credit losses of $0 for all periods		13,303			13,785			13,790			13,798			14,293
Restricted securities, at amortized cost		6,998			6,998			6,998			7,005			7,005
Loans, net of allowance for credit losses of $19,946, $19,306, $19,049, $19,308, and $18,831, respectively		1,931,107			1,928,372			1,850,961			1,841,833			1,788,243
Premises and equipment, net		13,002			13,192			13,430			13,608			13,212
Other real estate owned, net		1,799			900			1,094			1,697			—
Property held for sale, at fair value		2,763			2,760			2,745			2,728			3,225
Accrued interest and other receivables		17,255			14,575			13,453			14,518			13,622
Bank owned life insurance		41,726			41,396			41,071			40,752			40,433
Other assets		55,440			54,712			54,615			56,020			59,124
Total Assets	$	2,234,860		$	2,243,085		$	2,223,293		$	2,212,669		$	2,124,789
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Non-interest bearing deposits	$	343,769		$	363,883		$	359,113		$	378,694		$	324,717
Interest-bearing demand deposits		101,584			114,087			120,700			119,407			123,231
Savings and NOW deposits		146,990			144,783			138,667			121,905			125,214
Money market deposits		542,766			542,687			545,804			499,334			458,946
Time deposits		788,891			768,865			750,441			779,844			778,727
Total deposits		1,924,000			1,934,305			1,914,725			1,899,184			1,810,835
Subordinated debt, net		70,156			70,100			70,035			69,936			69,837
Other liabilities		25,832			24,244			23,549			24,958			25,754
Total Liabilities		2,019,988			2,028,649			2,008,309			1,994,078			1,906,426
Stockholders’ Equity:
Preferred stock		27,263			27,263			27,263			27,263			27,263
Common stock		27,446			27,431			28,247			29,008			29,833
Capital surplus		58,143			57,484			61,045			66,531			68,895
Retained earnings		110,129			107,777			104,360			101,557			98,793
Accumulated other comprehensive loss		(8,109	)		(5,519	)		(5,931	)		(5,768	)		(6,421	)
Total Stockholders’ Equity		214,872			214,436			214,984			218,591			218,363
Total Liabilities and Stockholders’ Equity	$	2,234,860		$	2,243,085		$	2,223,293		$	2,212,669		$	2,124,789

*Derived from audited financial statements

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME INFORMATION

(In thousands, except share and per share data)

	Year-to-Date						Three Months Ended
	September 30, 2026			September 30, 2025			September 30, 2026			June 30, 2026		March 31, 2026			December 31, 2025		September 30, 2025
INTEREST INCOME:
Interest and fees on loans	$	92,103		$	94,242		$	31,847		$	30,738	$	29,518		$	29,969	$	30,688
Interest on investment securities
Taxable securities		1,281			1,285			440			423		418			421		435
Tax-exempt securities		866			800			290			289		287			276		270
Interest on interest-bearing deposits at other financial institutions		31			44			11			10		10			10		11
Interest on federal funds sold		2,232			3,342			617			630		985			1,198		1,060
Total interest income		96,513			99,713			33,205			32,090		31,218			31,874		32,464
INTEREST EXPENSE:
Interest on interest-bearing demand deposits		2,575			3,123			823			862		890			1,064		1,071
Interest on savings and NOW deposits		1,263			1,079			453			421		389			390		467
Interest on money market deposits		13,089			14,606			4,611			4,487		3,991			4,246		4,623
Interest on time deposits		22,306			25,994			7,498			7,158		7,650			8,244		8,369
Interest on federal funds purchased		198			93			89			84		25			—		28
Interest on subordinated debt		2,580			2,415			955			846		779			788		804
Total interest expense		42,011			47,310			14,429			13,858		13,724			14,732		15,362
Net interest income		54,502			52,403			18,776			18,232		17,494			17,142		17,102
Provision for credit losses		2,383			(398	)		1,929			585		(131	)		328		144
Net interest income after provision for credit losses		52,119			52,801			16,847			17,647		17,625			16,814		16,958
NON-INTEREST INCOME:
Deposit account service charges		1,667			1,625			542			552		573			559		557
Bank owned life insurance income		974			926			330			325		319			319		316
Gain on retirement of subordinated debt		—			273			—			—		—			—		145
Gain on equity securities		—			103			—			—		—			—		—
Loss on sale of other real estate owned		(1,007	)		—			(322	)		—		(685	)		—		—
Other non-interest income		338			199			121			17		200			22		104
Total non-interest income		1,972			3,126			671			894		407			900		1,122
NON-INTEREST EXPENSES:
Salaries and employee benefits		22,692			24,030			7,636			7,505		7,551			7,557		7,366
Furniture and equipment expenses		2,202			2,957			676			768		758			884		799
Advertising and marketing		1,043			1,582			368			379		296			469		571
Occupancy expenses		941			1,114			324			252		365			293		400
Outside services		1,323			3,088			418			445		460			688		625
Administrative expenses		658			757			210			207		241			238		259
Other real estate owned expenses		432			—			188			24		220			—		—
Other operating expenses		8,776			8,198			3,057			2,936		2,783			2,696		2,647
Total non-interest expenses		38,067			41,726			12,877			12,516		12,674			12,825		12,667
Income before income tax expense		16,024			14,201			4,641			6,025		5,358			4,889		5,413
Income tax expense		3,653			2,641			1,038			1,357		1,258			836		896
Net income		12,371			11,560			3,603			4,668		4,100			4,053		4,517
Preferred stock dividends		1,617			1,617			539			539		539			539		539
Net income available to common shareholders	$	10,754		$	9,943		$	3,064		$	4,129	$	3,561		$	3,514	$	3,978
Earnings per common share, basic and diluted	$	1.48		$	1.29		$	0.43		$	0.58	$	0.48		$	0.46	$	0.52
Weighted average number of common shares, basic and diluted		7,258,990			7,682,086			7,119,406			7,177,264		7,484,310			7,564,723		7,704,639

UNAUDITED LOAN, DEPOSIT AND BORROWING DETAIL

(In thousands)

	September 30, 2026						June 30, 2026						September 30, 2025						Percentage Change
	$ Amount			% of Total			$ Amount			% of Total			$ Amount			% of Total			Last 3 Mos			Last 12 Mos
LOANS:
Construction and land development loans	$	310,375			15.9	%	$	312,885			16.0	%	$	312,318			17.2	%		-0.8	%		-0.6	%
Residential real estate loans		475,834			24.3	%		465,373			23.8	%		411,592			22.7	%		2.2	%		15.6	%
Commercial real estate loans		1,074,384			55.0	%		1,071,008			54.9	%		981,091			54.2	%		0.3	%		9.5	%
Commercial and industrial loans		93,841			4.8	%		101,433			5.2	%		105,217			5.8	%		-7.5	%		-10.8	%
Consumer loans		689			0.0	%		1,278			0.1	%		1,204			0.1	%		-46.1	%		-42.8	%
Total Gross Loans	$	1,955,123			100.0	%	$	1,951,977			100.0	%	$	1,811,422			100.0	%		0.2	%		7.9	%
Less: Allowance for credit losses		(19,946	)					(19,306	)					(18,831	)
Net deferred loan fees		(4,070	)					(4,299	)					(4,348	)
Net Loans	$	1,931,107					$	1,928,372					$	1,788,243
DEPOSITS:
Non-interest bearing deposits	$	343,769			17.9	%	$	363,883			18.8	%	$	324,717			17.9	%		-5.5	%		5.9	%
Interest-bearing deposits:
Demand deposits		101,584			5.3	%		114,087			5.9	%		123,231			6.8	%		-11.0	%		-17.6	%
Savings and NOW deposits		146,990			7.6	%		144,783			7.5	%		125,214			6.9	%		1.5	%		17.4	%
Money market deposits		542,766			28.2	%		542,687			28.1	%		458,946			25.3	%		0.0	%		18.3	%
Time deposit $250,000 or more		518,591			27.0	%		512,878			26.5	%		501,332			27.7	%		1.1	%		3.4	%
Time deposit less than $250,000		270,300			14.0	%		255,987			13.2	%		277,395			15.3	%		5.6	%		-2.6	%
Total Deposits	$	1,924,000			100.0	%	$	1,934,305			100.0	%	$	1,810,835			100.0	%		-0.5	%		6.2	%
BORROWINGS:
Subordinated debt, net	$	70,156			100.0	%	$	70,100			100.0	%	$	69,837			100.0	%		0.1	%		0.5	%
Total Borrowings	$	70,156			100.0	%	$	70,100			100.0	%	$	69,837			100.0	%		0.1	%		0.5	%
Total Deposits and Borrowings	$	1,994,156					$	2,004,405					$	1,880,672						-0.5	%		6.0	%

Core customer funding sources ⁽¹⁾	$	1,574,793			79.0	%	$	1,391,834			69.4	%	$	1,289,952			68.6	%		13.1	%		22.1	%
Brokered and listing service sources ⁽²⁾		349,207			17.5	%		542,471			27.1	%		520,883			27.7	%		-35.6	%		-33.0	%
Subordinated debt, net ⁽³⁾		70,156			3.5	%		70,100			3.5	%		69,837			3.7	%		0.1	%		0.5	%
Total Funding Sources	$	1,994,156			100.0	%	$	2,004,405			100.0	%	$	1,880,672			100.0	%		-0.5	%		6.0	%

(1)	Includes ICS, CDARS, custodial, and reciprocal deposits maintained by customers, which represent sweep accounts tied to customer operating accounts.
(2)	Consists of certificates of deposit (CD) through multiple listing services and multiple brokered deposit services, as well as ICS and CDARS one-way certificates of deposit.
(3)	Subordinated debt obligation qualifies as Tier 2 capital at the holding company and Tier 1 capital at the Bank.

UNAUDITED AVERAGE BALANCE SHEETS, INTEREST AND RATES

(In thousands)

	For the three months ended September 30, 2026							For the three months ended September 30, 2025
	Average Balance		Interest Income/ Expense ⁽³⁾⁽⁴⁾		Average Yields/ Rate (annualized)⁽³⁾⁽⁴⁾			Average Balance		Interest Income/ Expense ⁽³⁾⁽⁴⁾		Average Yields/ Rate (annualized) ⁽³⁾⁽⁴⁾
ASSETS:
Interest-earning assets:
Loans ⁽¹⁾⁽²⁾	$	1,950,625	$	31,847		6.48	%	$	1,805,016	$	30,688		6.75	%
Securities:
Taxable		48,879		440		3.57	%		52,680		435		3.28	%
Tax-exempt		35,777		367		4.07	%		35,260		342		3.85	%
Interest-bearing deposits at other financial institutions		1,195		11		3.65	%		1,037		11		4.21	%
Federal funds sold		69,978		617		3.50	%		99,896		1,060		4.21	%
Total interest-earning assets	$	2,106,454	$	33,282		6.27	%	$	1,993,889	$	32,536		6.47	%
Other assets		135,102							125,605
Total assets	$	2,241,556						$	2,119,494
Liabilities and Stockholders’ Equity:
Interest-bearing liabilities:
Interest-bearing demand deposits	$	112,106	$	823		2.91	%	$	120,112	$	1,071		3.54	%
Savings and NOW deposits		145,304		453		1.24	%		119,467		467		1.55	%
Money market deposits		547,680		4,611		3.34	%		463,948		4,623		3.95	%
Time deposits		769,958		7,498		3.86	%		772,176		8,369		4.30	%
Total interest-bearing deposits	$	1,575,048	$	13,385		3.37	%	$	1,475,703	$	14,530		3.91	%
Federal funds purchased		8,641		89		4.09	%		2,338		28		4.75	%
Subordinated debt, net		70,137		955		5.40	%		70,793		804		4.51	%
Total interest-bearing liabilities	$	1,653,826	$	14,429		3.46	%	$	1,548,834	$	15,362		3.94	%
Demand deposits and other liabilities		371,115							355,621
Total liabilities	$	2,024,941						$	1,904,455
Stockholders’ Equity		216,615							215,039
Total Liabilities and Stockholders’ Equity	$	2,241,556						$	2,119,494
Interest Rate Spread						2.81	%						2.53	%
Net Interest Income			$	18,853						$	17,174
Net Interest Margin						3.55	%						3.42	%

(1)	Includes loans classified as non-accrual
(2)	Total loan interest income includes amortization of deferred loan fees, net of deferred loan costs
(3)	Income and yields for all periods presented are reported on a tax-equivalent basis using the federal statutory rate of 21%
(4)	Refer to "Unaudited Reconciliation of Certain Non-GAAP Financial Measures" for reconciliation of non-GAAP measures

UNAUDITED AVERAGE BALANCE SHEETS, INTEREST AND RATES

(In thousands)

	For the nine months ended September 30, 2026							For the nine months ended September 30, 2025
	Average Balance		Interest Income/ Expense ⁽³⁾⁽⁴⁾		Average Yields/ Rate (annualized)⁽³⁾⁽⁴⁾			Average Balance		Interest Income/ Expense ⁽³⁾⁽⁴⁾		Average Yields/ Rate (annualized)⁽³⁾⁽⁴⁾
ASSETS:
Interest-earning assets:
Loans⁽¹⁾⁽²⁾	$	1,911,558	$	92,103		6.44	%	$	1,820,771	$	94,242		6.92	%
Securities:
Taxable		49,277		1,281		3.48	%		52,926		1,285		3.25	%
Tax-exempt		36,020		1,096		4.07	%		35,298		1,013		3.84	%
Interest-bearing deposits at other financial institutions		1,151		31		3.60	%		1,274		44		4.62	%
Federal funds sold		81,694		2,232		3.65	%		105,674		3,342		4.23	%
Total interest-earning assets	$	2,079,700	$	96,743		6.22	%	$	2,015,943	$	99,926		6.63	%
Other assets		130,059							119,819
Total assets	$	2,209,759						$	2,135,762
Liabilities and Stockholders’ Equity:
Interest-bearing liabilities:
Interest-bearing demand deposits	$	115,246	$	2,575		2.99	%	$	113,969	$	3,123		3.66	%
Savings and NOW deposits		140,508		1,263		1.20	%		102,349		1,079		1.41	%
Money market deposit		526,294		13,089		3.33	%		493,366		14,606		3.96	%
Time deposits		761,752		22,306		3.92	%		785,685		25,994		4.42	%
Total interest-bearing deposits	$	1,543,800	$	39,233		3.40	%	$	1,495,369	$	44,802		4.01	%
Federal funds purchased		6,612		198		4.00	%		2,638		93		4.71	%
Subordinated debt, net		70,073		2,580		4.92	%		71,670		2,415		4.51	%
Total interest-bearing liabilities	$	1,620,485	$	42,011		3.47	%	$	1,569,677	$	47,310		4.03	%
Demand deposits and other liabilities		373,183							354,635
Total liabilities	$	1,993,668						$	1,924,312
Stockholders’ Equity		216,091							211,450
Total Liabilities and Stockholders’ Equity	$	2,209,759						$	2,135,762
Interest Rate Spread						2.75	%						2.60	%
Net Interest Income			$	54,732						$	52,616
Net Interest Margin						3.52	%						3.49	%

(1)	Includes loans classified as non-accrual
(2)	Total loan interest income includes amortization of deferred loan fees, net of deferred loan costs
(3)	Income and yields for all periods presented are reported on a tax-equivalent basis using the federal statutory rate of 21%
(4)	Refer to "Unaudited Reconciliation of Certain Non-GAAP Financial Measures" for reconciliation of non-GAAP measures

UNAUDITED SUMMARY FINANCIAL DATA

(Dollars in thousands except per share data)

	At or For the Three Months Ended						At or For the Nine Months Ended
	September 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
*Per share Data and Shares Outstanding*
Earnings per common share (basic and diluted)	$	0.43		$	0.52		$	1.48		$	1.29
Book value per common share	$	26.36		$	24.81		$	26.36		$	24.81
Weighted average common shares (basic and diluted)		7,119,406			7,704,639			7,258,990			7,682,086
Common shares outstanding at end of period		7,115,994			7,703,579			7,115,994			7,703,579
*Performance Ratios*
Return on average assets (annualized)		0.64	%		0.85	%		0.75	%		0.72	%
Return on average equity (annualized)		6.60	%		8.33	%		7.65	%		7.31	%
Return on average common equity (annualized)		6.42	%		8.40	%		7.61	%		7.22	%
Yield on earning assets (FTE)⁽²⁾ (annualized)		6.27	%		6.47	%		6.22	%		6.63	%
Cost of interest-bearing liabilities (annualized)		3.46	%		3.94	%		3.47	%		4.03	%
Net interest spread (FTE)⁽²⁾ (annualized)		2.81	%		2.53	%		2.75	%		2.60	%
Net interest margin (FTE)⁽²⁾ (annualized)		3.55	%		3.42	%		3.52	%		3.49	%
Non-interest income as a percentage of average assets (annualized)		0.12	%		0.21	%		0.12	%		0.20	%
Non-interest expense to average assets (annualized)		2.28	%		2.37	%		2.30	%		2.61	%
Efficiency ratio⁽³⁾		66.22	%		69.51	%		67.41	%		75.14	%
*Allowance for Credit Losses*
Allowance for credit losses (ACL)
Beginning balance, ACL - loans	$	19,306		$	19,057		$	19,308		$	19,450
Add: recoveries		140			75			176			831
Less: charge-offs		(1,823	)		(235	)		(2,104	)		(857	)
Add: provision for credit losses - loans		2,323			(66	)		2,566			(593	)
Ending balance, ACL - loans	$	19,946		$	18,831		$	19,946		$	18,831

Beginning balance, reserve for unfunded commitment (RUC)	$	546		$	272		$	335		$	287
Provision for unfunded commitments, net		(394	)		210			(183	)		195
Ending balance, RUC	$	152		$	482		$	152		$	482
Total allowance for credit losses	$	20,098		$	19,313		$	20,098		$	19,313

Allowance for credit losses on loans to total gross loans		1.02	%		1.04	%		1.02	%		1.04	%
Allowance for credit losses on loans to non-performing loans		21.68	%		80.52	%		21.68	%		80.52	%
Net charge-offs to average gross loans (annualized)		0.34	%		0.04	%		0.13	%		0.00	%
*Concentration Ratios*
Commercial real estate loans to total capital ⁽⁴⁾		374.44	%		356.02	%		374.44	%		356.02	%
Construction loans to total capital ⁽⁵⁾		102.02	%		102.61	%		102.02	%		102.61	%
*Past due and Non-performing Assets*
Loans 30-89 days past due and accruing to total gross loans		3.20	%		1.40	%		3.20	%		1.40	%
Loans 90 days past due and accruing to total gross loans		0.00	%		0.00	%		0.00	%		0.00	%
Non-accrual loans to total gross loans		4.71	%		1.29	%		4.71	%		1.29	%
Other real estate owned, net	$	1,799		$	—		$	1,799		$	—
Non-performing loans	$	91,996		$	23,386		$	91,996		$	23,386
Non-performing assets to total assets		4.20	%		1.10	%		4.20	%		1.10	%
*Regulatory Capital Ratios (Bank only) ⁽¹⁾*
Total risk-based capital ratio		15.21	%		16.18	%		15.21	%		16.18	%
Tier 1 risk-based capital ratio		14.21	%		15.16	%		14.21	%		15.16	%
Leverage ratio		12.66	%		13.42	%		12.66	%		13.42	%
Common equity tier 1 ratio		14.21	%		15.16	%		14.21	%		15.16	%
*Other information*
Common shares closing stock price	$	24.74		$	20.83		$	24.74		$	20.83
Total equity / total assets		9.61	%		10.28	%		9.61	%		10.28	%
Average equity / average assets		9.66	%		10.15	%		9.78	%		9.90	%
Number of full time equivalent employees		164			174			164			174
Number of full service branch offices		7			6			7			6

(1)	Regulatory capital ratios as of September 30, 2026 are preliminary
(2)	Refer to "Unaudited Reconciliation of Certain Non-GAAP Financial Measures" for reconciliation of non-GAAP measures
(3)	Efficiency ratio is calculated as non-interest expense as a percentage of net interest income and non-interest income
(4)	Commercial real estate includes only non-owner occupied, multifamily, and construction loans as a percentage of Bank capital
(5)	Construction loans as a percentage of Bank capital

In addition to financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company uses certain non-GAAP financial measures that provide useful information for financial and operational decision making, evaluating trends, and comparing financial results to other financial institutions. Non-GAAP financial measures are supplemental and not a substitute for, or more important than, financial measures prepared in accordance with GAAP and may not be comparable to those reported by other financial institutions. The non-GAAP financial measures presented in this document include the net interest margin, the yield on earning assets, and the net interest spread. The following tables present calculations underlying non-GAAP financial measures for the three and nine month periods indicated.

Unaudited Reconciliation of Certain Non-GAAP Financial Measures

(Dollars In thousands)

	For the three months ended September 30,						For the nine months ended September 30,
	2026			2025			2026			2025
Net interest margin (FTE)
Net interest income (GAAP)	$	18,776		$	17,102		$	54,502		$	52,403
FTE adjustment on tax-exempt securities		77			72			230			213
Net interest income (FTE) (non-GAAP)		18,853			17,174			54,732			52,616

Average interest-earning assets		2,106,454			1,993,889			2,079,700			2,015,943
Net interest margin (GAAP)		3.54	%		3.40	%		3.50	%		3.48	%
Net interest margin (FTE) (non-GAAP)		3.55	%		3.42	%		3.52	%		3.49	%

	For the three months ended September 30,						For the nine months ended September 30,
	2026			2025			2026			2025
Yield on earning assets (FTE)
Total interest income (GAAP)	$	33,205		$	32,464		$	96,513		$	99,713
FTE adjustment on tax-exempt securities		77			72			230			213
Total interest income (FTE) (non-GAAP)		33,282			32,536			96,743			99,926

Average interest-earning assets		2,106,454			1,993,889			2,079,700			2,015,943
Yield on earning assets (GAAP)		6.25	%		6.46	%		6.20	%		6.61	%
Yield on earning assets (FTE) (non-GAAP)		6.27	%		6.47	%		6.22	%		6.63	%

	For the three months ended September 30,						For the nine months ended September 30,
	2026			2025			2026			2025
Net interest spread (FTE)
Yield on earning assets (GAAP)		6.25	%		6.46	%		6.20	%		6.61	%
Yield on earning assets (FTE) (non-GAAP)		6.27	%		6.47	%		6.22	%		6.63	%

Yield on interest-bearing liabilities (GAAP)		3.46	%		3.94	%		3.47	%		4.03	%

Net interest spread (GAAP)		2.79	%		2.52	%		2.73	%		2.58	%
Net interest spread (FTE) (non-GAAP)		2.81	%		2.53	%		2.75	%		2.60	%