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Middlefield Banc Corp. Ranks 42nd in American Banker’s Annual List of the Top 200 Publicly Traded Community Banks

Middlefield Banc Corp. 2016 Press Releases

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Company
Contact:
Thomas G. Caldwell
President/Chief Executive Officer
Middlefield Banc Corp.
(440) 632-1666 Ext. 3200
Investor and
Media Contact:
Andrew M. Berger
Managing Director
SM Berger & Company, Inc.
(216) 464-6400
Date: April 28, 2016

Middlefield Banc Corp. (Nasdaq: MBCN) today announced that it ranked 42nd in American Banker’s Annual List of the Top 200 Publicly Traded Community Banks.

American Banker’s Annual List of the Top 200 Publicly Traded Community Banks examined 684 publicly traded banks and thrifts with assets under $2 billion and selected the top 200 based on their three year return on average equity (ROAE). Middlefield Banc Corp., with an average ROAE over the past three years of 11.99%, ranked 42nd on this year’s list, down from 38th in 2015 and up from 63rd in 2014 and 104th in 2013. Of the 11 institutions in the state of Ohio that made this year’s list, Middlefield Banc Corp. had the fourth highest three-year average ROAE.

“We are proud to make American Banker’s list of the Top 200 public community banks for the fourth consecutive year,” stated Thomas G. Caldwell, Middlefield Banc Corp.’s President and Chief Executive Officer. “Higher regulatory, compliance, personnel, and technology costs, as well as the continued low interest rate environment make it increasingly difficult for community banks across the country to improve profitability. We have successfully maintained a high level of profitability, as a result of our focus on stable, profitable growth, and careful expense and risk management. We are grateful for the dedication of all our stakeholders, and honored to once again be named one of American Banker’s Top 200 publicly traded community banks.”

More information about the American Banker Top 200 can be found at www.americanbanker.com.

About Middlefield
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a bank holding company with total assets of $732.9 million at March 31, 2016. The bank operates 10 full service banking centers and an LPL Financial® brokerage office serving Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, and Westerville. The Bank also operates a Loan Production Office in Mentor, Ohio. Additional information is available at www.middlefieldbank.bank.

This press release of Middlefield Banc Corp. and the reports Middlefield Banc Corp. files with the Securities and Exchange Commission often contain “forward-looking statements” relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Middlefield Banc Corp. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Middlefield Banc Corp.’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce interest margins; (3) changes in prepayment speeds, charge-offs and loan loss provisions; (4) less favorable than expected general economic conditions; (5) legislative or regulatory changes that may adversely affect businesses in which Middlefield Banc Corp. is engaged; (6) technological issues which may adversely affect Middlefield Banc Corp.’s financial operations or customers; (7) changes in the securities markets; or (8) risk factors mentioned in the reports and registration statements Middlefield Banc Corp. files with the Securities and Exchange Commission. Middlefield Banc Corp. undertakes no obligation to release revisions to these forward-looking statements or to reflect events or circumstances after the date of this press release.

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