MainStreet Bancshares, Inc. (MNSB) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good afternoon and thank you for joining our virtual earnings webcast. My name is Jeff Dick. I'm the Chairman and CEO of Main Street Bank Shares Inc. and Main Street Bank. I'm joined here today with our Chief Lending Officer, Tom Floyd, our Chief Accountant, Alex Berry, and of course our CFO, Tom Halleck. If you'd like, you can submit written questions throughout the presentation using the viewing portal. We will address your questions at the end of this presentation. If we miss your question during the discussion, please reach out after the webcast. Chris Marinak will not be joining us on the call today. He did submit questions in advance, and we will address them after the session. Also, Matt Brees of Stevens Inc. no longer provides coverage for our company. We'd be remiss if we didn't point you to our Safe Harbor page that describes the content of the booking statements. We use certain non-GAAP measures which are identified as such within the presentation materials. The D.C. market is still a great place to do business. We always talk about the strength of our market because we are in a region that hosts the federal government. but we do also have world-class universities, hospital systems, airports, tourism, data centers, and at least 16 Fortune 500 companies. As such, we also have low unemployment and high median household income for our workforce. Slide four reminds you of our growth story over the past 20 years. I think there's an interesting correlation to be made from our early years to the present time. We started with a technology strategy of putting our bank in our customer's office. You may recall back in 2004 that the Check 21 Act became law shortly after we opened, which allowed for the remote deposit of a digital image of a check. Acquiring cust...