Main Street Bank Corp
Wooster, Ohio · FDIC Cert #29847
Main Street Bank Corp is an FDIC-insured bank (Certificate #29847) with $1.4B in total assets and $1.1B in total deposits as of the Q2 2024 Call Report. Headquartered in Wooster, Ohio, the bank maintains a Tier 1 capital ratio of 11.60% (Well-Capitalized) and a nonperforming loan ratio of 0.41%. BankHealthData assigns a composite Health Grade of C (62/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Main Street Bank Corp (FDIC cert 29847) is a mid-sized bank with $1.4B in total assets and $1.1B in deposits, based in Wooster, Ohio. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is adequate: Tier 1 capital ratio of 11.60% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is clean: non-performing loan ratio of 0.41% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 12.9% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is negative: ROA of -0.29% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Main Street Bank Corp carries a composite BankHealth grade of C (62/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Main Street Bank Corp
- Total Assets
- $1.4B
- Total Deposits
- $1.1B
- Tier 1 Capital Ratio
- 11.60%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.41%
- Liquidity Ratio
- 12.86%
- Return on Assets
- -0.29%
- Headquarters
- Wooster, Ohio
- FDIC Certificate
- #29847
- Health Grade
- C (62/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Main Street Bank Corp holds a Tier 1 capital ratio of 11.60%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Main Street Bank Corp has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Main Street Bank Corp shows average financial health. While not alarming, its Health Score of 62/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Main Street Bank Corp Compares
Main Street Bank Corp’s Health Score of 62 is 5 points below the Ohio state average of 67 across 144 FDIC-insured banks. Its 11.60% Tier 1 capital ratio is 2.4 points below the US banking industry average near 14%. The 0.41% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of -0.29% is below the national ROA benchmark of ~1.1%. Among 828 similarly-sized banks, the average Health Score is 71, meaning this bank ranks below its size cohort. Site-wide, Main Street Bank Corp is 8 points below the portfolio average of 70.
Frequently Asked Questions
Main Street Bank Corp has a Bank Health Score of C (62/100), placing it in average financial health. It holds a Tier 1 capital ratio of 11.60%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Main Street Bank Corp's Tier 1 capital ratio of 11.60% and nonperforming loan ratio of 0.41% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Main Street Bank Corp is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #29847). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Main Street Bank Corp holds $1.4B in total assets and $1.1B in total deposits. It is headquartered in Wooster, Ohio (FDIC Certificate #29847).
Main Street Bank Corp has a Tier 1 capital ratio of 11.60%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.41%, and the return on assets is -0.29%.
Yes. Main Street Bank Corp is FDIC-insured (Certificate #29847). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Main Street Bank Corp's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.