
Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. It accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts. The company offers operational, working capital, term business, residential construction, professional, residential, and mortgage loans; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; consumer installment loans to purchase automobiles and boats, as well as for home improvement and other personal expenditures; and agricultural loans. It also provides safe deposit facilities, travelers' and official checks, money orders, and ATM services; online banking and bill payment services to individuals; and online cash management services to business customers. In addition, the company resolves and disposes troubled assets in Ohio. As of January 23, 2018, it operated 14 full-service banking centers; an LPL financial brokerage office serving Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Solon, Sunbury, Twinsburg, and Westerville; and a loan production office in Mentor, Ohio. Middlefield Banc Corp. was founded in 1901 and is headquartered in Middlefield, Ohio.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:MBCN
CUSIPN/A
Phone440-632-1666
Debt
Debt-to-Equity Ratio0.24%
Current Ratio1.01%
Quick Ratio1.01%
Price-To-Earnings
Trailing P/E Ratio15.85
Forward P/E Ratio12.87
P/E GrowthN/A
Sales & Book Value
Annual Sales$48.85 million
Price / Sales3.43
Cash Flow$3.6338 per share
Price / Cash14.31
Book Value$37.25 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)$3.28
Net Income$9.45 million
Net Margins19.97%
Return on Equity8.18%
Return on Assets0.89%
Miscellaneous
Employees190
Outstanding Shares3,220,000