MainStreet Bancshares Inc. Reports Strong Second Quarter Earnings

Net Income Climbs on Net Interest Margin Expansion and Strategic Balance Sheet Management

MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the financial holding company for MainStreet Bank, reported a surging net income of $4.6 million and net interest margin of 3.75% for the quarter ended June 30, 2025, an increase of $2.1 million and 45 basis points from the previous quarter respectively. Net interest income expanded $2.8 million to $19.3 million and earnings per common share grew to $0.53 during the same period, outperforming market expectations. The Company continues to report strong asset quality and strong capital.

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“The team's hard work, dedication and focus on our financial performance was proven with this quarter's results,” said Jeff W. Dick, Chairman and CEO of MainStreet Bancshares, Inc. and MainStreet Bank. “We are resolute in building our core banking franchise.”

“Our commitment to work with our customers is yielding the results we expected,” said Tom Floyd, Chief Lending Officer of MainStreet Bank. “The loan portfolio is in great shape, largely due to our unwavering credit discipline and knowledge of the key players in the community.”

“The loan to deposit ratio remained well utilized at 99%,” said Alex Vari, Chief Financial Officer of MainStreet Bank. “We are focused on strategically managing our deposits, keeping them in lockstep with our loan funding needs. This directly contributed to the growth of our net interest margin.”

The Company maintains an active share repurchase plan in place with approximately $3.1 million in available capacity and continues to evaluate share repurchases as part of the Company's strategic capital plan.

About MainStreet Bank: MainStreet operates six branches in Herndon, Fairfax, McLean, Leesburg, Clarendon, and Washington, D.C. MainStreet Bank has 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 customer's 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) June 30, 2025 March 31, 2025 December September June 30, 2024 31, 2024* 30, 2024ASSETSCash and cash equivalentsCash and due from banks $ 20,888 $ 18,385 $ 21,351 $ 15,319 $ 17,112Interest-bearing deposits at other financial 85,796 159,582 161,866 191,637 50,495institutionsFederal funds sold 26,600 24,673 24,491 25,158 23,852Total cash and cash equivalents 133,284 202,640 207,708 232,114 91,459Investment securities available for sale, at fair value 56,138 55,935 55,747 58,489 57,605Investment securities held to maturity, at amortized 14,846 15,657 16,078 16,016 16,036cost, net of allowance for credit losses of $0 for allperiodsRestricted securities, at amortized cost 7,005 7,005 6,873 6,873 6,749Loans, net of allowance for credit losses of $19,057, 1,767,432 1,811,789 1,810,556 1,775,558 1,778,840$19,460, $19,450, $18,327, and $17,098, respectivelyPremises and equipment, net 16,569 13,020 13,287 13,571 13,787Accrued interest and other receivables 15,023 9,607 11,311 11,077 11,916Computer software, net of amortization – – – 18,881 17,205Bank owned life insurance 40,117 39,809 39,507 39,203 38,901Other assets 64,367 67,383 67,031 52,817 61,248Total Assets $ 2,114,781 $ 2,222,845 $ 2,228,098 $ 2,224,599 $ 2,093,746LIABILITIES AND STOCKHOLDERS' EQUITYLiabilities:Non-interest bearing deposits $ 330,045 $ 345,319 $ 324,307 $ 347,575 $ 314,636Interest-bearing demand deposits 124,090 106,033 139,780 197,527 179,513Savings and NOW deposits 116,069 124,049 64,337 61,893 60,867Money market deposits 463,904 511,925 560,082 451,936 476,396Time deposits 764,439 820,999 819,288 834,738 723,951Total deposits 1,798,547 1,908,325 1,907,794 1,893,669 1,755,363Subordinated debt, net 71,238 72,138 73,039 72,940 72,841Other liabilities 31,526 32,764 39,274 31,939 40,827Total Liabilities 1,901,311 2,013,227 2,020,107 1,998,548 1,869,031Stockholders' Equity:Preferred stock 27,263 27,263 27,263 27,263 27,263Common stock 29,825 29,810 29,466 29,463 29,452Capital surplus 68,261 67,612 67,823 67,083 66,392Retained earnings 95,585 92,305 91,150 108,616 109,651Accumulated other comprehensive loss (7,464) (7,372) (7,711) (6,374) (8,043)Total Stockholders' Equity 213,470 209,618 207,991 226,051 224,715Total Liabilities and Stockholders' Equity $ 2,114,781 $ 2,222,845 $ 2,228,098 $ 2,224,599 $ 2,093,746

*Derived from audited financial statements

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS)INFORMATION(In thousands, except share and per share data) Year-to-Date Three Months Ended June 30, 2025 June 30, 2024 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024INTEREST INCOME:Interest and fees on loans $ 63,554 $ 62,238 $ 32,443 $ 31,111 $ 31,323 $ 31,615 $ 31,655Interest on investment securitiesTaxable securities 851 865 431 420 431 397 430Tax-exempt securities 530 538 267 263 262 294 268Interest on interest-bearing deposits at other financial institutions 1,878 1,694 932 946 2,826 1,041 806Interest on federal funds sold 436 570 213 223 277 244 277Total interest income 67,249 65,905 34,286 32,963 35,119 33,591 33,436INTEREST EXPENSE:Interest on interest-bearing demand deposits 2,052 3,933 1,004 1,048 2,612 2,117 2,118Interest on savings and NOW deposits 612 347 391 221 201 206 190Interest on money market deposits 9,983 10,632 4,707 5,276 5,475 5,277 5,542Interest on time deposits 17,626 17,819 8,595 9,031 10,003 9,543 9,010Interest on federal funds purchased 65 298 – 65 – 277 191Interest on Federal Home Loan Bank advances – 46 – – – – -Interest on subordinated debt 1,611 1,640 799 812 787 828 820Total interest expense 31,949 34,715 15,496 16,453 19,078 18,248 17,871Net interest income 35,300 31,190 18,790 16,510 16,041 15,343 15,565Provision for (recovery of) credit losses (543) 443 (543) – 3,407 2,913 638Net interest income after provision for (recovery of) credit losses 35,843 30,747 19,333 16,510 12,634 12,430 14,927NON-INTEREST INCOME:Deposit account service charges 1,068 959 538 530 481 557 490Bank owned life insurance income 610 583 308 302 304 302 291Gain on retirement of subordinated debt 128 – 68 60 – – -Gain on valuation of equity securities 103 – 103 – – – -Net loss on securities called or matured – (48) – – – – (48)Other non-interest income 96 66 49 47 22 27 31Total non-interest income 2,005 1,560 1,066 939 807 886 764NON-INTEREST EXPENSES:Salaries and employee benefits 16,664 14,972 8,279 8,385 8,253 7,250 7,484Furniture and equipment expenses 2,157 1,875 1,141 1,016 830 931 940Advertising and marketing 1,011 1,020 530 481 600 579 566Occupancy expenses 714 849 318 396 358 407 415Outside services 2,463 1,614 1,290 1,173 1,168 845 839Administrative expenses 499 471 270 229 243 215 229Computer software intangible impairment – – – – 19,721 – -Other operating expenses 5,551 4,515 2,917 2,634 3,258 2,992 2,362Total non-interest expenses 29,059 25,316 14,745 14,314 34,431 13,219 12,835Income (loss) before income tax expense (benefit) 8,789 6,991 5,654 3,135 (20,990) 97 2,856Income tax expense (benefit) 1,746 1,068 1,064 682 (4,823) (168) 238Net income (loss) 7,043 5,923 4,590 2,453 (16,167) 265 2,618Preferred stock dividends 1,078 1,078 539 539 539 539 539Net income (loss) available to common shareholders $ 5,965 $ 4,845 $ 4,051 $ 1,914 $ (16,706) $ (274) $ 2,079Earnings (loss) per common share, basic and diluted $ 0.78 $ 0.64 $ 0.53 $ 0.25 $ (2.20) $ (0.04) $ 0.27Weighted average number of common shares, basic and diluted 7,670,623 7,610,188 7,704,677 7,636,191 7,603,318 7,601,925 7,608,389

UNAUDITED LOAN, DEPOSIT AND BORROWING DETAIL(In thousands) June 30, 2025 March 31, 2025 June 30, 2024 Percentage Change $ Amount % of $ Amount % of $ Amount % of Last 3 Last 12 Total Total Total Mos MosLOANS:Construction and land development loans $ 328,351 18.3 % $ 344,742 18.8 % $ 410,698 22.8 % -4.8 % -20.1 %Residential real estate loans 452,458 25.3 % 450,728 24.6 % 449,700 25.0 % 0.4 % 0.6 %Commercial real estate loans 911,390 50.9 % 933,947 50.9 % 845,030 46.9 % -2.4 % 7.9 %Commercial and industrial loans 97,699 5.5 % 105,180 5.6 % 93,559 5.2 % -7.1 % 4.4 %Consumer loans 1,075 0.1 % 1,331 0.1 % 2,232 0.1 % -19.2 % -51.8 %Total Gross Loans $ 1,790,973 100.0 % $ 1,835,928 100.0 % $ 1,801,219 100.0 % -2.4 % -0.6 %Less: Allowance for credit losses (19,057) (19,460) (17,098)Net deferred loan fees (4,484) (4,679) (5,281)Net Loans $ 1,767,432 $ 1,811,789 $ 1,778,840DEPOSITS:Non-interest bearing deposits $ 330,045 18.4 % $ 345,319 18.1 % $ 314,636 17.9 % -4.4 % 4.9 %Interest-bearing deposits:Demand deposits 124,090 6.9 % 106,033 5.6 % 179,513 10.2 % 17.0 % -30.9 %Savings and NOW deposits 116,069 6.5 % 124,049 6.5 % 60,867 3.5 % -6.4 % 90.7 %Money market deposits 463,904 25.8 % 511,925 26.8 % 476,396 27.1 % -9.4 % -2.6 %Certificates of deposit $250,000 or 490,692 27.2 % 541,772 28.4 % 473,827 27.0 % -9.4 % 3.6 %moreCertificates of deposit less than 273,747 15.2 % 279,227 14.6 % 250,124 14.3 % -2.0 % 9.4 %$250,000Total Deposits $ 1,798,547 100.0 % $ 1,908,325 100.0 % $ 1,755,363 100.1 % -5.8 % 2.5 %BORROWINGS:Subordinated debt, net 71,238 100.0 % 72,138 100.0 % 72,841 100.0 % -1.2 % -2.2 %Total Borrowings $ 71,238 100.0 % $ 72,138 100.0 % $ 72,841 -1.2 % -2.2 %Total Deposits and Borrowings $ 1,869,785 $ 1,980,463 $ 1,828,204 -5.6 % 2.3 %Core customer funding sources (1) $ 1,329,804 71.1 % $ 1,330,390 67.2 % $ 1,376,991 75.3 % 0.0 % -3.4 %Brokered and listing service sources (2) 468,743 25.1 % 577,935 29.2 % 378,372 20.7 % -18.9 % 23.9 %Subordinated debt, net (3) 71,238 3.8 % 72,138 3.6 % 72,841 4.0 % -1.2 % -2.2 %Total Funding Sources $ 1,869,785 100.0 % $ 1,980,463 100.0 % $ 1,828,204 100.0 % -5.6 % 2.3 %

(1) Includes ICS, CDARS, 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 and regional money market accounts. Excludes $151.3 million in core deposits placed in reciprocal networks for FDIC insurance coverage that will be classified as brokered deposits on the call report in pursuant to rule 12 CFR 337.6(e) as of June 30, 2025.(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 June 30, 2025 For the three months ended June 30, 2024 Average Interest Average Average Interest Average Balance Income/ Yields/ Rate Balance Income/ Yields/ Rate Expense (annualized) Expense (annualized) (3)(4) (3)(4) (3)(4) (3)(4)ASSETS:Interest-earning assets:Loans (1)(2) $ 1,819,307 $ 32,443 7.15 % $ 1,782,124 $ 31,655 7.12 %Securities:Taxable 52,911 431 3.27 % 55,323 430 3.12 %Tax-exempt 35,434 338 3.83 % 36,717 339 3.71 %Interest-bearing deposits at other 84,353 932 4.43 % 59,610 806 5.42 %financial institutionsFederal funds sold 23,986 213 3.56 % 25,095 277 4.43 %Total interest-earning assets $ 2,015,991 $ 34,357 6.84 % $ 1,958,869 $ 33,507 6.86 %Other assets 116,675 131,656Total assets $ 2,132,666 $ 2,090,525Liabilities and Stockholders'Equity:Interest-bearing liabilities:Interest-bearing demand $ 112,579 $ 1,004 3.58 % $ 172,221 $ 2,118 4.93 %depositsSavings and NOW deposits 119,163 391 1.32 % 47,767 190 1.60 %Money market deposits 479,267 4,707 3.94 % 463,641 5,542 4.79 %Time deposits 784,824 8,595 4.39 % 715,777 9,010 5.05 %Total interest-bearing deposits $ 1,495,833 $ 14,697 3.94 % $ 1,399,406 $ 16,860 4.83 %Federal funds purchased 1 – – 13,298 191 5.76 %Subordinated debt, net 71,199 799 4.50 % 72,802 820 4.52 %Total interest-bearing $ 1,567,033 $ 15,496 3.97 % $ 1,485,506 $ 17,871 4.83 %liabilitiesDemand deposits and other liabilities 354,552 381,825Total liabilities $ 1,921,585 $ 1,867,331Stockholders' Equity 211,081 223,194Total Liabilities and Stockholders' $ 2,132,666 $ 2,090,525EquityInterest Rate Spread 2.87 % 2.03 %Net Interest Income $ 18,861 $ 15,636Net Interest Margin 3.75 % 3.20 %

(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 six months ended June 30, 2025 For the six months ended June 30, 2024 Average Interest Average Average Interest Average Balance Income/ Yields/ Rate Balance Income/ Yields/ Rate Expense (annualized) Expense (annualized) (3)(4) (3)(4) (3)(4) (3)(4)ASSETS:Interest-earning assets:Loans (1)(2) $ 1,834,314 $ 63,554 6.99 % $ 1,755,443 $ 62,238 7.11 %Securities:Taxable 53,050 851 3.23 % 55,708 865 3.11 %Tax-exempt 35,317 671 3.83 % 37,068 681 3.68 %Interest-bearing deposits at other 85,527 1,878 4.43 % 62,931 1,694 5.40 %financial institutionsFederal funds sold 24,478 436 3.59 % 25,418 570 4.50 %Total interest-earning assets $ 2,032,686 $ 67,390 6.69 % $ 1,936,568 $ 66,048 6.84 %Other assets 111,326 127,430Total assets $ 2,144,012 $ 2,063,998Liabilities and Stockholders'Equity:Interest-bearing liabilities:Interest-bearing demand $ 111,999 $ 2,052 3.69 % $ 159,234 $ 3,933 4.95 %depositsSavings and NOW deposits 93,649 612 1.32 % 45,993 347 1.51 %Money market deposit 508,319 9,983 3.96 % 448,647 10,632 4.75 %Time deposits 791,399 17,626 4.49 % 712,898 17,819 5.01 %Total interest-bearing deposits $ 1,505,366 $ 30,273 4.06 % $ 1,366,772 $ 32,731 4.80 %Federal funds purchased 2,790 65 4.70 % 10,386 298 5.75 %FHLB advances – – – 1,648 46 5.60 %Subordinated debt, net 72,116 1,611 4.50 % 72,752 1,640 4.52 %Total interest-bearing $ 1,580,272 $ 31,949 4.08 % $ 1,451,558 $ 34,715 4.80 %liabilitiesDemand deposits and other liabilities 354,133 389,792Total liabilities $ 1,934,405 $ 1,841,350Stockholders' Equity 209,607 222,648Total Liabilities and Stockholders' $ 2,144,012 $ 2,063,998EquityInterest Rate Spread 2.61 % 2.04 %Net Interest Income $ 35,441 $ 31,333Net Interest Margin 3.52 % 3.24 %

UNAUDITED SUMMARY FINANCIAL DATA(Dollars in thousands except share and per share data) At or Forthe Three At or For the Six Months Months Ended Ended June 30, June 30, 2025 2024 2025 2024Per share Data and Shares OutstandingEarnings per common share (basic and diluted) $ 0.53 $ 0.27 $ 0.78 $ 0.64Book value per common share $ 24.17 $ 25.99 $ 24.17 $ 25.99Tangible book value per common share(2) $ 24.17 $ 23.72 $ 24.17 $ 23.72Weighted average common shares (basic and diluted) 7,704,677 7,608,389 7,670,623 7,610,188Common shares outstanding at end of period 7,704,037 7,598,529 7,704,037 7,598,529Performance RatiosReturn on average assets (annualized) 0.86 % 0.50 % 0.66 % 0.58 %Return on average equity (annualized) 8.72 % 4.70 % 6.78 % 5.34 %Return on average tangible common equity (annualized) 8.84 % 4.64 % 6.60 % 5.00 %Yield on earning assets (FTE) (2) (annualized) 6.84 % 6.86 % 6.69 % 6.84 %Cost of interest bearing liabilities (annualized) 3.97 % 4.83 % 4.08 % 4.80 %Net interest spread (FTE)(2) (annualized) 2.87 % 2.03 % 2.61 % 2.04 %Net interest margin (FTE)(2) (annualized) 3.75 % 3.20 % 3.52 % 3.24 %Non-interest income as a percentage of average assets (annualized) 0.20 % 0.15 % 0.19 % 0.15 %Non-interest expense to average assets (annualized) 2.77 % 2.46 % 2.73 % 2.46 %Efficiency ratio(3) 74.26 % 78.60 % 77.90 % 77.30 %Asset QualityAllowance for credit losses (ACL)Beginning balance, ACL – loans $ 19,460 $ 16,531 $ 19,450 $ 16,506Add: recoveries 747 6 757 8Less: charge-offs (622) (370) (622) (511)Add: provision for (recovery of) credit losses – loans (528) 931 (528) 1,095Ending balance, ACL – loans $ 19,057 $ 17,098 $ 19,057 $ 17,098Beginning balance, reserve for unfunded commitment (RUC) $ 287 $ 650 $ 287 $ 1,009Add: recovery of unfunded commitments, net (15) (293) (15) (652)Ending balance, RUC $ 272 $ 357 $ 272 $ 357Total allowance for credit losses $ 19,329 $ 17,455 $ 19,329 $ 17,455Allowance for credit losses on loans to total gross loans 1.07 % 0.95 % 1.07 % 0.95 %Allowance for credit losses on loans to non-performing loans 2.01X 1.78X 2.01X 1.78XNet charge-offs (recoveries) to average gross loans (annualized) (0.03) % 0.08 % (0.01) % 0.06 %Concentration RatiosCommercial real estate loans to total capital(4) 365.89 % 367.24 % 365.89 % 367.24 %Construction loans to total capital (5) 108.84 % 130.19 % 108.84 % 130.19 %Past due and Non-performing AssetsLoans 30-89 days past due and accruing to total gross loans 2.12 % 0.81 % 2.12 % 0.81 %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 0.40 % 1.15 % 0.40 % 1.15 %Other real estate owned $ – $ – $ – $ -Non-performing loans $ 7,169 $ 20,691 $ 7,169 $ 20,691Non-performing assets to total assets 0.34 % 0.99 % 0.34 % 0.99 %Regulatory Capital Ratios (Bank only) (1)Total risk-based capital ratio 16.44 % 16.78 % 16.44 % 16.78 %Tier 1 risk-based capital ratio 15.39 % 15.85 % 15.39 % 15.85 %Leverage ratio 13.21 % 14.22 % 13.21 % 14.22 %Common equity tier 1 ratio 15.39 % 15.85 % 15.39 % 15.85 %Other informationCommon shares closing stock price $ 18.90 $ 17.73 $ 18.90 $ 17.73Tangible equity / tangible assets(2) 10.09 % 9.99 % 10.09 % 9.99 %Average tangible equity / average tangible assets (2) 9.90 % 9.97 % 9.78 % 10.10 %Number of full time equivalent employees 174 195 174 195Number of full service branch offices 6 6 6 6

(1) Regulatory capital ratios as of June 30, 2025 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

Unaudited Reconciliation of Certain Non-GAAP Financial Measures(Dollars In thousands) For the three months ended For the six months ended June 30, June 30, 2025 2024 2025 2024Net interest margin (FTE)Net interest income (GAAP) $ 18,790 $ 15,565 $ 35,300 $ 31,190FTE adjustment on tax-exempt securities 71 71 141 143Net interest income (FTE) (non-GAAP) 18,861 15,636 35,441 31,333Average interest earning assets 2,015,991 1,958,869 2,032,686 1,936,568Net interest margin (GAAP) 3.74 % 3.18 % 3.50 % 3.25 %Net interest margin (FTE) (non-GAAP) 3.75 % 3.20 % 3.52 % 3.26 %

For the three months ended For the six months ended June 30, June 30, 2025 2024 2025 2024Yield on earning assets (FTE)Total interest income (GAAP) $ 34,286 $ 33,436 $ 67,249 $ 65,905FTE adjustment on tax-exempt securities 71 71 141 143Total interest income (FTE) (non-GAAP) 34,357 33,507 67,390 66,048Average interest earning assets 2,015,991 1,958,869 2,032,686 1,936,568Yield on earning assets (GAAP) 6.82 % 6.85 % 6.67 % 6.83 %Yield on earning assets (FTE) (non-GAAP) 6.84 % 6.86 % 6.69 % 6.84 %

For the three months ended For the six months ended June 30, June 30, 2025 2024 2025 2024Net interest spread (FTE)Yield on earning assets (GAAP) 6.82 % 6.85 % 6.67 % 6.83 %Yield on earning assets (FTE) (non-GAAP) 6.84 % 6.86 % 6.69 % 6.84 %Yield on interest-bearing liabilities (GAAP) 3.97 % 4.83 % 4.08 % 4.80 %Net interest spread (GAAP) 2.85 % 2.02 % 2.59 % 2.03 %Net interest spread (FTE) (non-GAAP) 2.87 % 2.04 % 2.61 % 2.04 %

As of June 30, As of June 30, 2025 2024 2025 2024Tangible common stockholders' equityTotal stockholders equity (GAAP) $ 213,470 $ 224,715 $ 213,470 $ 224,715Less: intangible assets – (17,205) – (17,205)Tangible stockholders' equity (non-GAAP) 213,470 207,510 $ 213,470 207,510Less: preferred stock (27,263) (27,263) (27,263) (27,263)Tangible common stockholders' equity (non-GAAP) 186,207 180,247 186,207 180,247Common shares outstanding 7,704,037 7,598,529 7,704,037 7,598,529Tangible book value per common share (non-GAAP) $ 24.17 $ 23.72 $ 24.17 $ 23.72

As of June 30, As of June 30, 2025 2024 2025 2024Stockholders equity, adjustedTotal stockholders equity (GAAP) $ 213,470 $ 224,715 $ 213,470 $ 224,715Less: intangible assets – (17,205) – (17,205)Total tangible stockholders equity (non-GAAP) 213,470 207,510 213,470 207,510

As of June 30, As of June 30, 2025 2024 2025 2024Total tangible assetsTotal assets (GAAP) $ 2,114,781 $ 2,093,746 $ 2,114,781 $ 2,093,746Less: intangible assets – (17,205) – (17,205)Total tangible assets (non-GAAP) 2,114,781 2,076,541 2,114,781 2,076,541

For the three months ended For the six months ended June June 30, 30, 2025 2024 2025 2024Average tangible stockholders' equityTotal average stockholders' equity (GAAP) $ 211,081 $ 223,194 $ 209,607 $ 222,648Less: average intangible assets – (16,386) – (15,732)Total average tangible stockholders' equity (non-GAAP) 211,081 206,808 209,607 206,916

For the three months ended For the six months ended June June 30, 30, 2025 2024 2025 2024Average tangible assetsTotal average assets (GAAP) $ 2,132,666 $ 2,090,525 $ 2,144,012 $ 2,063,998Less: average intangible assets – (16,386) – (15,732)Total average tangible assets (non-GAAP) 2,132,666 2,074,139 2,144,012 2,048,266

Contact: BillyFreesmeierChief of Staff(703) 481-4579

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