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| Main Street Banks Incorporated |
| 1134 Clark Street, Covington, GA 30014 * (770) 786-3441 |
| Business Description | The company is a bank holding company. The bank offers a broad line of banking and financial products and services using a strategy of combining large bank products and services with small bank service and responsiveness. |
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Filing Information IPO has been | |||
| To Trade As | MSBI (NASNTL) | Industry | Financial (SIC 6712) |
| Type of Stock Offered | Common Shares | Filing Date | 7/29/99 |
| Domestic Shares Filed | 90,000 | Filing Price | $14.00 |
| Foreign Shares Filed | 0 | Offering Amount | $1,260,000 |
| Company Shares | 60,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 30,000 | Post-IPO Shares | 8,889,000 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Non Underwritten Offering | Lead Manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/94 | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 3/31/98 | 3/31/99 |
| Revenues | 23.861 | 27.757 | 29.768 | 33.647 | 35.788 | 8.732 | 8.892 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | 2.508 | 3.201 | 4.291 | 5.490 | 6.515 | 1.416 | 1.638 |
| E.P.S | - | - | 0.500 | 0.630 | 0.750 | 0.160 | 0.190 |
| Revenue Growth (%) | 16.33 | 7.25 | 13.03 | 6.363 | 1.83 | ||
| Net Income Growth (%) | 27.63 | 34.05 | 27.94 | 18.67 | 15.68 | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | 10.51 | 11.53 | 14.41 | 16.32 | 18.20 | 18.42 | 16.22 |
| Cash Flow - Oper. | 4.01 | 2.07 | 4.24 | ||||
| Cash Flow - Inv. | -23.64 | -1.96 | -7.57 | ||||
| Cash Flow - Fin. | 24.08 | 11.64 | 9.60 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/99 | Financial Ratios | ||||
| Total Assets | 445.52 | Current Assets | - | Current Ratio | - |
| Total Liab. | 401.93 | Current Liab. | 381.00 | Debt Ratio | 90.22% |
| Total Equity | 43.59 | Working Cap. | - | Debt to Equity Ratio | 9.22 |
| Cash | 22.51 | Return on Assets | 0.37% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used as capital to support asset growth and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Powell, Goldstein, Frazer & Murphy |
| Auditor | Ernst & Young |
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