MBCN Middlefield Banc Corp. featured news, full reports, and detailed charts
Middlefield Banc Corp. (MBCN/MBCN.PK) Wrap Up:
Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company and Emerald Bank that provide various commercial banking services in northeastern and central Ohio. The company offers residential real estate and commercial mortgages, commercial and consumer financings, and deposit services to its customers through nine locations. It accepts checking, savings, negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit. The company offers residential mortgage and commercial mortgage loans, home equity loans, commercial and industrial loans, and real estate construction loans for owner-occupied and rental properties; equipment...www.middlefieldbank.com
101 Employees
Founded in 1901
Middlefield Banc Corp. (MBCN:OTC)
|
Market Cap
23.8M
|
Total Revenue
13.6M
|
|
|
EBITDA
--
|
DILUTED EPS TTM
1.08
|
|
|
P/E
14.2x
|
P/S
1.7x
|
|
|
Return On Asset
0.34
|
Return On Equity
4.71
|
|
| K = Thousands M = Millions B = Billions | ||
MBCN Top Compensated Officers
Mr. Thomas G. Caldwell
Chief Executive Officer, President, Director,...
Age: 51
Total Annual Compensation: $252.6K
Mr. Donald L. Stacy
Chief Financial Officer, Chief Accounting Off...
Age: 55
Total Annual Compensation: $139.7K
Mr. James R. Heslop II
Chief Operating Officer, Executive Vice Presi...
Age: 55
Total Annual Compensation: $203.0K
Mr. Jay P. Giles Sr.
Senior Vice President, Senior Loan Officer, S...
Age: 59
Total Annual Compensation: $117.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Middlefield Banc Corp. (MBCN)
Middlefield Banc Corp. Declares Cash Dividend for the Fourth Quarter 2009, Payable on December 15, 2009; Provides Dividend Guidance for the Full Year 2009
11/13/2009
Middlefield Banc Corp. announced that the company's board of directors has declared a fourth quarter cash dividend of $0.26 per common share payable on December 15, 2009, to shareholders of record on November 30, 2009. This cash dividend represents an amount equal to that paid in the fourth quarter of 2008. For the full year of 2009, the total cash dividend will total $1.04 per share.
Middlefield Banc Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Announces Net Charge-Offs for the Third Quarter of 2009
10/21/2009
Middlefield Banc Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $213,464 or $0.14 per diluted common share on net interest income of $3,786,381 compared to net income of $704,448 or $0.46 per diluted common share on net interest income of $3,151,782 in the same period of previous year. Total interest income was $6,647,639 against $6,550,445 in the same period of previous year. Income before income taxes was $90,890 against $915,448 in the same period of previous year. Return on average assets was 0.17% against 0.63% in the same period of previous year. Return on average equity was 2.34% against 8.77% in the same period of previous year. For the nine months ended September 30, 2009, the company reported net income of $1,277,334 or $0.83 per diluted common share on net interest income of $10,370,365 compared to net income of $2,224,473 or $1.44 per diluted common share on net interest income of $8,980,785 in the same period of previous year. Total interest income was $19,276,794 against $19,651,284 in the same period of previous year. Income before income taxes was $1,221,760 against $2,754,473 in the same period of previous year. Book value per share as at September 30, 2009 was $24.07 against $21.83 as at September 30, 2009. Return on average assets was 0.35% against 0.66% in the same period of previous year. Return on average equity was 4.72% against 8.78% in the same period of previous year. The company announced net charge-offs for the quarter ended September 30, 2009 was $592 against $8 in the same period of last year. Net charge-offs to average loans for the quarter-to-date was 0.17% against 0.00% in the same period of previous year.
Middlefield Banc Corp. Declares Third Quarter 2009 Cash Dividend Payable on September 15, 2009
08/17/2009
Middlefield Banc Corp. announced that the company's board of directors has declared a quarterly cash dividend of $0.26 per common share payable on September 15, 2009, to shareholders of record on August 31, 2009. This cash dividend represents an amount equal to that paid in the prior quarter of 2009 as well as the amount paid during the third quarter of 2008.
MBCN Competitors
| Company | Last | Change | |
| No competitor information is available for MBCN. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | MBCN | Industry Range |
| Price/Earnings | 14.2x |
|
| Price/Sales | 1.7x |
|
| Price/Book | 0.6x |
|
| Price/Cash Flow | 14.3x |
|
| TEV/Sales | NM | Not Meaningful |
|
MBCN |
||
|
MBCN transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About Middlefield Banc Corp.
More news for MBCN
Middlefield Banc Corp. Announces Fourth Quarter 2009 Cash Dividend
MIDDLEFIELD, Ohio, Nov. 13 /PRNewswire-FirstCall/ -- Middlefield Banc Corp. (Pink Sheets: MBCN - News) today announced that the company's board of directors has declared a quarterly cash dividend of $0.26 per common share payable on December 15, 2009, to shareholders of record on November 30, 2009. This cash dividend represents an amount equal to that paid in the fourth quarter of 2008. For the full year of 2009, the total cash dividend will total $1.04 per share. Thomas G. Caldwell, President and Chief Executive Officer of Middlefield, commented, "The decision to declare a cash dividend for the fourth quarter is evidence of our financial strength and profitability, as well as our commitment to reward our shareholders for the confidence that they have shown in Middlefield Banc Corp."Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a financial holding company with total assets in excess of $517 million. Its subsidiary, The Middlefield Banking Company, operates full service banking centers and a UVEST Financial Services® brokerage office serving Chardon, Cortland, Garrettsville, Mantua, Middlefield, Newbury and Orwell, Ohio. The company also serves the central Ohio market through its Emerald Bank subsidiary, with offices in Dublin and Westerville, Ohio. Additional information is available at www.mid...Click here to read the whole Article (external link)
MIDDLEFIELD BANC CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
Show all filings for MIDDLEFIELD BANC CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MIDDLEFIELD BANC CORP 22-Oct-2009Results of Operations and Financial Condition, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
Middlefield Banc Corp. Posts Strong Growth and Third Quarter Earnings
MIDDLEFIELD, Ohio, Oct. 21 /PRNewswire-FirstCall/ -- Middlefield Banc Corp. (Pink Sheets: MBCN - News), parent of The Middlefield Banking Company and Emerald Bank, today announced the following results for the third quarter ended September 30, 2009. The company reported that earnings for the third quarter ended September 30, 2009, were $213,000 compared to earnings of $704,000 for the same period in the prior year. The reduced earnings were primarily the result of provision charges to increase loan loss reserves and an increase in FDIC premiums due to higher rates for all FDIC insured banks. The same factors contributed to a decrease in nine month earnings from $2,224,000 for the 2008 period to $1,277,000 for the 2009 nine month period.Annualized returns on average equity ("ROE") and average assets ("ROA") for the quarter were 2.34% and 0.17%, respectively, compared with 8.77% and 0.63% for the third quarter of 2008. ROE and ROA were 4.72% and 0.35%, respectively, for the nine-month period of 2009. Comparable results for the 2008 nine-month period were 8.78% and 0.66%, respectively."We are pleased to report positive earnings for the quarter and year-to-date periods," stated Thomas G. Caldwell, President and Chief Executive Officer, "Looking forward, we remain cautiously optimistic. Throughout the credit crisis and recession, we have continued to maintain a "well capitalized" equity position, while diversifying our asset base and improving our core liquidity. While we continue to see continued improve...Click here to read the whole Article (external link)
The Middlefield Banking Company Elects Eric W. Hummel to Board of Directors
MIDDLEFIELD, Ohio, Sept. 25 /PRNewswire-FirstCall/ -- The Middlefield Banking Company today announced the election of Eric W. Hummel to its Board of Directors, effective October 1, 2009. Mr. Hummel is President of Hummel Construction, Ravenna, Ohio, a position he has held since 1971. Thomas G. Caldwell, President and Chief Executive Officer of The Middlefield Banking Company, said, "Portage County is an important market for our bank. The board wanted someone with strong community ties, which would bring an understanding of that local market. With his broad experience in construction and service to his community, Eric brings valuable perspectives to our board. We look forward to working with him."Mr. Hummel, a resident of Mantua, Ohio, attended the Kent State University School of Architecture and the University of Wisconsin College of Engineering. He is presently or has been a member of the Portage Foundation Board of Trustees, Greater Portage Area Visiting Nurses Association Board, Kent State University Architecture School Foundation, Leadership Portage County Board, and Habitat for Humanity."I am excited by the prospect of becoming affiliated with The Middlefield Banking Company. Middlefield has a reputation for offering the best in community banking services and delivering high quality customer service. I'm looking forward to working with the board of directors and the entire bank team in supporting the company's overall goals and operations," stated Hummel.The Middlefield Banking Company is the operating subsidiary of Middlefield Banc Corp. (Pink Sheets: MBCN - ...Click here to read the whole Article (external link)
MIDDLEFIELD BANC CORP Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue6,941 6,947 7,002 7,231 Cost of Revenue2,559 2,716 2,971 2,949 Gross Profit4,383 4,231 4,032 4,282 Operating ExpensesResearch Development - - - - Selling General and Administrative3,303 2,996 2,772 2,730 Non Recurring - - - - Others260 154 595 187 Total Operating Expenses - - - - Operating Income or Loss820 1,081 664 1,365 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes820 1,081 664 1,365 Interest Expense376 394 417 450 Income Before Tax444 687 247 915 Income Tax Expense(17)84 (143)211 Minority Interest - - - - Net Income From Continuing Ops461 603 390 704 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes ...Click here to read the whole Article (external link)
MIDDLEFIELD BANC CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
Show all filings for MIDDLEFIELD BANC CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MIDDLEFIELD BANC CORP 16-Jul-2009Results of Operations and Financial Condition, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
MIDDLEFIELD BANC CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis provides further detail to the financial condition and results of operations of the Company. The MD&A should be read in conjunction with the notes and financial statements presented in this report. CHANGES IN FINANCIAL CONDITION General. The Company's total assets ended the March 31, 2009 quarter at $473.4 million an increased of $5.5 million or 1.2% from end of year December 31, 2008. Cash and cash equivalents, loans receivable and accrued interest and other assets increased $1.0 million, $5.1 million and $1.5 million respectively. The increase in total assets reflected a corresponding increase in total liabilities of $5.7 million or 1.3% and a decline in stockholders' equity of $201,000 or .6%. The increase in total liabilities was primarily the result of deposit growth of $9.3 million or 2.3%. This was partially offset by decreases to other borrowing and short term borrowing of $3.0 million and $354,000 respectively for the quarter. The decline in stockholders' equity was the result of an increase in accumulated other comprehensive loss of $531,000. This increase was practically offset by increases in retained earnings and common stock of $204,000 and $126,000 respectively. Cash and cash equivalents. Cash on hand and due from banks, Federal funds sold and interest-bearing deposits in other institutions represent cash and cash equivalents. Cash equivalents increased a combined $1.0 million or 5.8% to $18.5 million at March 31, 2009 from $17.5 million at December 31, 2008. Deposits from customers into savings and checking accounts, loan and security repayments and proceeds from borrowed funds typically increase these accounts. Decreases result from customer withdrawals, new loan originations, security purchases and repayments of borrowed funds. A decline in Federal Funds Sold for the first three months was used to fund the loan and investm...Click here to read the whole Article (external link)
MIDDLEFIELD BANC CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
Show all filings for MIDDLEFIELD BANC CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MIDDLEFIELD BANC CORP 22-Apr-2009Results of Operations and Financial Condition, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
MIDDLEFIELD BANC CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
Show all filings for MIDDLEFIELD BANC CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MIDDLEFIELD BANC CORP 29-Jan-2009Results of Operations and Financial Condition, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
MIDDLEFIELD BANC CORP Files SEC form 8-K, Other Events
Show all filings for MIDDLEFIELD BANC CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MIDDLEFIELD BANC CORP 10-Nov-2008Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trad...Click here to read the whole Article (external link)
Would you like to leave a comment about Middlefield Banc Corp. MBCN/MBCN.PK
Find out what social network information about Middlefield Banc Corp. are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides Middlefield Banc Corp. there is more great information available at Realpennies.com