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25201 Chagrin Boulevard
Suite 120
Beachwood, OH 44122

Phone: (216) 359-5580
Fax: (216) 359-5581

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  • Beachwood Office
    25201 Chagrin Boulevard, Suite 120 - Beachwood

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    348 Center Street P.O Box 1078 - Chardon

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    10628 Sawmill Parkway - Powell

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    6134 Kruse Drive - Solon

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    492 West Cherry Street - Sunbury

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    2351 Edison Boulevard, P.O. Box 560 - Twinsburg

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Middlefield Banc Corp.

Nasdaq: MBCN

Corporate Overview

Middlefield Banc Corp. provides personal and commercial banking services to customers in nine Ohio counties, and is continually recognized throughout its communities for its history of strong financial performance. This performance is a direct reflection of the company’s conservative operating approach and fundamental belief in safe and sound banking practices.

Stock Quotes

Creating Shareholder Value

Middlefield has a history of creating value for its shareholders. Middlefield has never reported a quarterly loss, and during the last recession, maintained its dividend amount. In addition, the company focuses on maximizing profitability and is continually recognized as one of the most profitable community banks in the U.S.

Creating a Growth Platform

Over the past three years, Middlefield has invested in creating an infrastructure to support a bank with $1.5 billion in assets. These investments were focused on four key areas:

  • Adding talent across all levels of the organization,
  • Enhancing the company’s financial products and services.
  • Improving the ways customers interact with the Bank
  • Enhancing the Bank’s systems and security.

As a result of the growth platform the company has created, management believes there are significant expansion opportunities in both of its Ohio markets.

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Report of Organizational
Actions Affecting Basic of Securities


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Stock Price

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$155 Mil.
Market Cap

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$1,106 Mil. Assets

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$1.08 (2.2%)
Div & Yield

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$3.12 2017 EPS

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15.5x P/2017 EPS

book value per share table
net income table
total assets table

Growth Drivers

  • Expand footprint: new LPO in Mentor, OH (October 2015), new branch in Sunbury, OH (October 2016), and new Central Ohio branch planned for Powell, OH (2018)
  • Add talent: new loan officers hired in 2018
  • Increase fee based income: focused secondary mortgage offering
  • Liberty Acquisition: The $40.8 million acquisition of Liberty Bank closed in January 2017, and was successfully integrated into Middlefield’s growing platform

Growing Loan Portfolio

The company lends to commercial and residential customers within its market areas. The loan portfolio consists primarily of commercial and residential mortgages, with no national or subprime lending. From 2007 through 2017, Middlefield’s loan portfolio has grown at a compound annual growth rate of 11.6%. The significant growth Middlefield has experienced reflects increased productivity from its new lenders, business managers and the growing Mentor LPO, as well as the Liberty acquisition.

Total Loans = $923.2 million at December 31, 2017

loan growth chart


Excellent Asset Quality and Strong Capital Levels

Nonperforming loans to total loans1.45%1.98%1.92%1.92%
Nonperforming assets to total assets1.23%1.65%1.59%1.72%
Allowance for loan losses to total loans0.78%1.08%1.20%1.45%
Net charge-off ratio - annualized0.05%0.06%0.16%0.13%
Equity to assets at period end10.83%9.77%8.48%9.43%

This profile is for information purposes only. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer, solicitation or recommendation to buy or sell this security. Investors should consult a professional investment adviser prior to making any investment decision. Statements contained in this profile that are not historical facts are forward-looking statements that involve risks and uncertainties. For a summary of important factors that could cause Middlefield Banc Corp.’s results to differ materially from those projected in, or inferred by, the forward-looking statements, please refer to the Company’s Annual Report on Form 10-K or quarterly report on Form 10-Q.

Shareholder Services

American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219
Toll Free: 800.937.5449
International: 718.921.8156
Fax: 718.236.2641
Web site:
Stock Symbol: MBCN

American Stock Transfer & Trust Company
(Written Correspondence)

American Stock Transfer & Trust Company
P.O. Box 922
Wall Street Station
New York, NY 10269-0560

middlefield bank symbol

Customer Service Hours

Automated and online support is available 24 hours a day, 365 days a year, or speak to a personal representative from
Monday - Thursday, 8:00 a.m. to 7:00 p.m.
Friday, 8:00 a.m. to 5:00 p.m. EST.