MainStreet Bancshares, Inc. (MNSB) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and thank you for joining our earnings webcast. My name is Jeff Dick, and I'm the chairman and CEO of Main Street Bank Shares, Inc. and Main Street Bank. I'm joined here today with our chief accountant, Alex Vary, our chief lending officer, Tom Floyd, and our chief financial officer, Tom Schmellick. As you can see, we're off camera today, but everything else is the same. Chris Marinak, Director of Research for Jani Montgomery Scott, will join us at the end of the call today with his questions. If you'd like, you can also submit written questions throughout the presentation using the web portal. We will address your questions at the end of the presentation. If we happen to miss your question, please reach out after the webcast. We'll start by pointing out our Safe Harbor page that describes the context of forward-looking statements. We use certain non-GAAP measures which are identified as such within the presentation materials. The DC metropolitan area is much more than just host to the federal government. With our major universities, tourism, data centers, world-class medical facilities, and Fortune 500 companies, it is a great place to do business. We have low unemployment and good median household incomes. Housing is still undersupplied and it remains a seller's market. The exception to that is the condo market, which generally picks back up when interest rates get closer to the 5% range. While the market is vibrant and we see opportunity, we are affected by the actions taken by the administration, Congress, and the DC government. And we continually monitor those actions to assess their impact on our business strategy. Slide four is just a quick reminder of our growth story over the past 20 plus years now. We are a Virginia community bank ...