MainStreet Bancshares (MainStreet Bancshares) Allowance For Loans And Lease Losses : $-16.51 Mil (As of Dec. 2023)

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What is MainStreet Bancshares Allowance For Loans And Lease Losses?

MainStreet Bancshares's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-16.51 Mil.

MainStreet Bancshares's quarterly Allowance For Loans And Lease Losses increased from Jun. 2023 ($-16.05 Mil) to Sep. 2023 ($-15.63 Mil) but then declined from Sep. 2023 ($-15.63 Mil) to Dec. 2023 ($-16.51 Mil).

MainStreet Bancshares's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-11.70 Mil) to Dec. 2022 ($-14.11 Mil) and declined from Dec. 2022 ($-14.11 Mil) to Dec. 2023 ($-16.51 Mil).

MainStreet Bancshares Allowance For Loans And Lease Losses Historical Data

The historical data trend for MainStreet Bancshares's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MainStreet Bancshares Allowance For Loans And Lease Losses Chart

MainStreet Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-9.58

-12.88

-11.70

-14.11

-16.51

MainStreet Bancshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-15.44	-16.05	-15.63	-16.51	-16.53

MainStreet Bancshares Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

MainStreet Bancshares Allowance For Loans And Lease Losses Related Terms

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MainStreet Bancshares (MainStreet Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MainStreet Bancshares Inc (NAS:MNSB) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

MNSBP.PFD:USA 5L0:Germany

Address

10089 Fairfax Boulevard, Fairfax, VA, USA, 22030

Website

https://www.mstreetbank.com

MainStreet Bancshares Inc is a bank holding company. It is focused on serving the borrowing, cash management and depository needs of small to medium-sized businesses, and professional practices and retail customers. The bank's products and services include business and consumer checking, premium interest-bearing checking, business account analysis, savings, certificates of deposit and other depository services, as well as a broad array of commercial, real estate and consumer loans.

Executives

Jeff W Dick	director, officer: See Remarks	10089 FAIRFAX BOULEVARD, FAIRFAX VA 22030
Russell Echlov	director	500 E WASHINGTON ST, GREENVILLE SC 29601
Thomas J Chmelik	director, officer: See Remarks	10089 FAIRFAX BOULEVARD, FAIRFAX VA 22030
Richard Alexander Vari	officer: Chief Accounting Officer	10089, FAIRFAX VA 22030
Charles C. Brockett	director, officer: President	8245 BOONE BOULEVARD, TYSONS CORNER VA 22182
Rafael E Deleon	director	10089 FAIRFAX BOULEVARD, FAIRFAX VA 22030
Abdulhamid Hersiburane	officer: President	10089 FAIRFAX BOULEVARD, FAIRFAX VA 22030
Patsy I Rust	director	10089 FAIRFAX BOULEVARD, FAIRFAX VA 22030
Terry M Saeger	director	10089 FAIRFAX BOULEVARD, FAIRFAX VA 22030
Elizabeth S Bennett	director	10089 FAIRFAX BOULEVARD, FAIRFAX VA 22030
Darrell Green	director	10089 FAIRFAX BOULEVARD, FAIRFAX VA 22030
Paul Thomas Haddock	director	10089 FAIRFAX BOULEVARD, FAIRFAX VA 22030