MNSBMEDIUM SIGNALOPERATIONAL10-K

MNSB has implemented comprehensive cybersecurity governance framework with dedicated board oversight while removing detailed descriptions of its Banking as a Service operations.

The addition of formal cybersecurity governance language suggests the company is responding to heightened regulatory expectations around cyber risk management, with clear delineation of responsibilities between the Technology Committee and Audit Risk Committee. The removal of specific language about Avenu's BaaS platform and fintech partnerships may indicate strategic repositioning or simplification of business line messaging, though the operational impact remains unclear without additional context.

Comparing 2026-03-13 vs 2025-03-14View on EDGAR →
FINANCIAL ANALYSIS

The financial performance shows steady improvement with gross profit growing modestly by 11.8% to $73.6M, indicating healthy underlying business momentum. This represents solid operational execution during a period of apparent strategic and governance evolution. The financial trajectory appears stable and consistent with a well-managed regional banking institution.

FINANCIAL STATEMENT CHANGES
Gross Profit
P&L
+11.8%
$65.8M→$73.6M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

LANGUAGE CHANGES
NEW — 2026-03-13
PRIOR — 2025-03-14
ADDED
false --12-31 FY 2025 true The Company s Board of Directors has ultimate oversight of cybersecurity-related risks and it is assisted in this role by the Technology Committee and the Audit Risk Committee.
Processes for identifying, assessing, and managing cybersecurity-related risks are integrated into the Company s overall enterprise risk management process, which is overseen by the Audit Risk Committee.
The Audit Risk Committee is responsible for monitoring risks that are being taken by the Company, understanding the enterprise-wide effect of those risks and reporting such risks to the Board.
In fulfilling this role, the Technology Committee has primary oversight responsibility over management s efforts to manage and mitigate cybersecurity-related risk and reviews and approves the Company s cybersecurity strategy for protecting the Company s information assets and technology platforms.
The Audit Risk Committee oversees the Company s outsourced Internal Audit Department, which conducts reviews and assessments related to information security.
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REMOVED
There were 7,603,765, shares of common stock outstanding and 28,750 shares of 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock outstanding at December 31, 2024.
We currently operate six Bank branches; located in Herndon, Fairfax, McLean, Clarendon, and Leesburg, Virginia, and one in Washington D.C.
Avenu provides an embedded Banking as a Service (BaaS) solution that connects our partners (fintechs, application developers, money movers, and entrepreneurs) directly and seamlessly to our Software as a Service (SaaS) solution.
Our transformational subledger combined with our high-touch compliance training goes beyond the industry standards to ensure that our Fintech partners will prosper.
This division of MainStreet Bank serves money service businesses, payment processers, and other clients who have a need to embed deposit gathering and payment processing in their mobile Apps.
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