Nasdaq: MBCN
www.middlefieldbank.bank

Investor Relations

Middlefield Banc Corp.

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Liberty Acquisition

On July 28, 2016, Middlefield announced it had entered into an Agreement and Plan of Merger with Liberty Bank, N.A., a $220 million asset financial institution with banking locations in Beachwood, Twinsburg, and Solon, Ohio.

The $40.8 million acquisition will be immediately accretive to earnings and is expected to earn back the tangible book value dilution created from the transaction in less than four years. Upon completion, Middlefield expects to have over $970 million in total assets, approximately $820 million in total deposits.

Investor Fact Sheet

2016 Third Quarter

For over 100 years, Middlefield Banc Corp. has supported its communities by offering customers superior financial products, exceptional service, and modern banking amenities

2016 Nine-Month Financial Highlights versus 2015 Nine Months:

  • Net income of $4.8 million
  • Earnings per diluted share of $2.30 per diluted share
  • Total loans increased 14.9% to $586.3 million
  • Nonperforming assets declined to $10.0 million from $10.9 million
  • Total interest income improved 4.3% to $22.2 million
  • Tangible stockholders’ equity improved 8.2% to $32.70 per share
  • Tier 1 capital raGo strengthened to 10.10% from 9.66%

Corporate Overview

Middlefield Banc Corp. provides personal and commercial banking services to customers in seven 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.

Creating Shareholder Value

Middlefield has a history of creating value for its shareholders by focusing on conservative banking strategies. 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.

Growth Drivers

  • Expand footprint: new LPO in Mentor, OH (October 2015) and new branch in Delaware County, OH, (October 2016)
  • Add talent: new loan officers hired in 2016
  • Increase fee based income: focused secondary mortgage offering
  • Complete Liberty Acquisition: The $40.8 million acquisition of Liberty Bank was announced on July 28, 2016 and is expected to close in 2017 first quarter

2016 Fourth Quarter Dividend Dates

Record date: November 28, 2016 &bul; Payment date: December 15, 2016

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 sub-prime lending. From 2005 through 2015, Middlefield’s loan portfolio grew at a compound annual growth rate of 8.6%. The significant growth Middlefield has experienced through September 30, 2016 reflects increased productivity from its new lenders, business managers and the recently opened Mentor LPO.

Total Loans = $586.3 million at September 30, 2016

Excellent Asset Quality and Strong Capital Levels

Q3-16 Q3-15 FY15 FY14 FY13
Nonperforming loans to total loans 1.50% 1.75% 1.92% 1.92% 2.82%
Nonperforming assets to total assets 1.31% 1.54% 1.59% 1.72% 2.32%
Allowance for loan losses to total loans 1.08% 1.24% 1.20% 1.45% 1.62%
Net charge-off ratio – annualized 0.09% 0.103% 0.03 0.38% 0.19%
Tier I capital to average assets 10.10% 9.66% 8.69% 9.60% 9.040%

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: http://www.amstock.com
e-mail:
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

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Central Ohio Northeast Ohio