Middlefield Banc Corp.
Description
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 offers checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities, and travelers' checks. The company also provides operational and working capital, term business, residential construction, professional, and residential and mortgage loans, as well as consumer installment loans for home improvements, automobiles, boats, and other personal expenditures; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; and agricultural loans. In addition, the company resolves and disposes troubled assets in Ohio. Further, it offers official checks, money orders, and ATM services, as well as IRA accounts; online banking and bill payment services to individuals; and online cash management services to business customers. Middlefield Banc Corp. was founded in 1901 and is headquartered in Middlefield, Ohio.
About
CEO
Mr. Ronald L. Zimmerly Jr.
Employees
256
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNCM
Address
15985 East High Street, Middlefield, OH 44062-0035, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 22, 2026 | — | — | — | — |
| Oct 15, 2025 | — | — | — | — |
| Jul 16, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Jan 24, 2025 | 0.46 | 0.60 | 0.14 | 30.43% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 3 | 3 | 3 | 4 |
| Average estimate | 0.47 | 0.48 | 1.94 | 2.08 |
| Low estimate | 0.44 | 0.46 | 1.90 | 1.95 |
| High estimate | 0.49 | 0.49 | 2.01 | 2.23 |
| Last year EPS | 0.51 | 0.52 | 1.92 | 1.94 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-8.500%
Next qtr. (Jun 2025)
-8.330%
Current year (Dec 2025)
1.220%
Next year (Dec 2026)
6.780%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 71.89M | 56.92M | 55.39M | 49.38M | 46.23M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 26.85M | 18.91M | 18.53M | 19.61M | 19.95M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 20.76M | 18.89M | 22.70M | 9.75M | 15.30M |
| Tax provision | 3.39M | 3.22M | 4.07M | 1.40M | 2.59M |
| Net income | 17.37M | 15.67M | 18.63M | 8.35M | 12.71M |
| Basic EPS | 2.14 | 2.60 | 3.01 | 1.31 | 1.96 |
| Diluted EPS | 2.14 | 2.59 | 3.00 | 1.31 | 1.95 |
| Basic average shares | 8.10M | 6.03M | 6.19M | 6.38M | 6.47M |
| Diluted average shares | 8.10M | 6.03M | 6.19M | 6.38M | 6.47M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 17.37M | 15.67M | 18.63M | 8.35M | 12.71M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 56.40M | 51.40M | 97.17M | 92.87M | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 56.40M | 51.40M | 97.17M | 92.87M | 35.11M |
| Other short term investments | 170.78M | 164.97M | 170.20M | 114.36M | 105.73M |
| Accounts receivable | 5.46M | 4.33M | 2.82M | 4.36M | 2.72M |
| Other receivables | 1.63M | 1.57M | 1.31M | 854,000 | 753,000 |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 4.02M | 4.42M | 5.36M | 5.48M | 4.92M |
| Land and improvements | 4.90M | 4.90M | 2.96M | 2.96M | 2.92M |
| Machinery furniture equipment | 10.10M | 9.49M | 9.60M | 9.40M | 9.36M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -18.13M | -16.66M | -16.31M | -15.00M | -14.25M |
| Goodwill | 79.35M | 71.17M | 31.55M | 31.87M | 32.20M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 6.64M | 7.70M | 1.40M | 1.72M | 2.06M |
| Investments and advances | 171.73M | 165.88M | 171.02M | 114.97M | 106.44M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 2.49M | 693,000 | 237,000 | 580,000 | 917,000 |
| Accrued expenses | 7.34M | 6.38M | 3.88M | 3.00M | 2.92M |
| Short term debt | 163.00M | 65.00M | — | — | 5.00M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 12.43M | 12.78M | 13.78M | 13.83M | 13.66M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 161.39M | 161.03M | 87.13M | 86.89M | 86.62M |
| Retained earnings | 100.24M | 94.15M | 83.97M | 69.58M | 65.06M |
| Other shareholders equity | -16.09M | -22.14M | 3.46M | 4.28M | 1.84M |
| Total shareholders equity | 205.68M | 197.69M | 145.34M | 143.81M | 137.78M |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | 39.85M | 35.35M | 29.23M | 16.94M | 15.75M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||
| Net Income | 17.37M | 15.67M | 18.63M | 8.35M | 12.71M | 12.43M | 9.46M | 6.42M | 6.87M | 7.18M | 7.03M | 6.28M | 4.13M | 2.52M | 1.78M | 2.61M | 3.38M | 3.88M | 3.70M | 3.27M | 2.80M | 2.50M | 2.27M | 2.24M |
| Depreciation | 1.05M | 142,000 | 2.10M | 2.03M | 2.02M | 1.91M | 2.08M | 1.07M | 1.01M | 1.05M | 891,000 | 929,000 | 731,000 | 740,000 | 680,000 | 645,186 | 597,741 | 578,592 | 448,386 | 403,916 | 377,546 | 354,550 | 300,531 | 352,613 |
| Deferred Taxes | -705,000 | -324,000 | -401,000 | -1.35M | 327,000 | -241,000 | 293,000 | -93,000 | 558,000 | -154,000 | 423,000 | 2,000 | -97,000 | -777,000 | -469,000 | -269,947 | 97,308 | -58,058 | -85,339 | -33,704 | -69,934 | -72,302 | 54,403 | -87,521 |
| Stock-Based Compensation | 374,000 | 307,000 | 478,000 | 144,000 | 644,000 | 467,000 | 33,000 | 29,000 | 18,000 | 10,000 | — | 32,000 | 59,000 | — | 61,000 | 15,048 | 26,435 | — | — | — | — | — | — | — |
| Other Non-Cash Items | -551,000 | 1.53M | -1.10M | 1.99M | -2.25M | -274,000 | 3.01M | 700,000 | -789,000 | -1.13M | 1,000 | 419,000 | 197,000 | — | 60,588 | 15,048 | -24,447 | -161,493 | -37,821 | 475,429 | 438,873 | 506,492 | -101,999 | 425,995 |
| Accounts Receivable | -1.18M | -209,000 | 1.08M | -1.74M | 162,000 | -345,000 | -422,000 | -39,000 | -292,000 | 40,000 | 28,000 | 71,000 | 25,000 | -847,000 | 35,000 | 94,061 | -292,056 | -87,907 | -217,022 | -75,303 | -11,796 | 34,337 | 140,147 | -59,663 |
| Accounts Payable | 2.35M | 395,000 | -343,000 | -337,000 | 173,000 | 166,000 | 136,000 | — | 80,000 | -49,000 | -128,000 | -153,000 | -145,000 | -115,000 | -394,000 | -210,461 | 540,144 | 350,939 | 155,449 | -25,617 | -77,862 | -121,258 | 38,927 | — |
| Other Assets & Liabilities | — | — | — | — | — | — | — | — | — | — | — | — | -22,000 | -538,000 | -19,000 | -395,623 | -352,696 | — | — | — | — | — | — | — |
| Operating Cash Flow | 18.70M | 17.51M | 20.45M | 9.08M | 13.78M | 14.11M | 14.59M | 8.08M | 7.45M | 6.95M | 8.24M | 7.58M | 4.88M | 980,000 | 1.74M | 2.51M | 3.97M | 4.51M | 3.96M | 4.02M | 3.46M | 3.20M | 2.70M | 2.87M |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -1.10M | -719,000 | -605,000 | -1.05M | -1.90M | -2.10M | -1.20M | -2.17M | -507,000 | -902,000 | -1.83M | -997,000 | -583,000 | -327,000 | -467,000 | -1.41M | -570,065 | -585,837 | -455,570 | -213,580 | -704,746 | -590,483 | -1.11M | -150,361 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | 18.41M | — | — | — | — | 5.43M | — | — | — | — | — | — | — | — | — | -1.83M | — | — | — | — | — | — | — |
| Purchase of Investments | -2.20M | -32.29M | -68.91M | -24.07M | -34.96M | -13.00M | -3.08M | -1.74M | -21.95M | -12.29M | -25.82M | -83.43M | -80.08M | -113.86M | -52.18M | -39.20M | -33.08M | -33.14M | -31.69M | -50.40M | -18.13M | -9.34M | -7.69M | -14.24M |
| Sale of Investments | 3.26M | 62.12M | 11.52M | 18.17M | 30.01M | 7.28M | 21.37M | 32.26M | 29.18M | 21.86M | 50.50M | 83.90M | 93.39M | 48.69M | 21.49M | 19.87M | 10.69M | 11.86M | 32.30M | 50.33M | 22.53M | 13.97M | 15.09M | 16.60M |
| Investing Cash Flow | 2.68M | 47.25M | -56.41M | -7.45M | -6.66M | -7.75M | 24.62M | 30.22M | 4.49M | 9.50M | 23.73M | 430,000 | 13.60M | -64.57M | -31.05M | -20.75M | -26.86M | -21.86M | -20.17M | -29.28M | -34.09M | -32.60M | -20.65M | -9.83M |
| Financing Activities | ||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | 3.95M | — | — | 30.00M | — | — | — | — | — | — | — | — | 13.50M | 2.00M | 28.31M | 16.56M | 29.05M | 37.46M | 27.00M | 20.22M | 14.07M |
| Long-Term Debt Payments | -197,000 | -231,000 | -4.20M | -674,000 | -426,000 | -20.26M | -10.37M | -502,000 | -685,000 | -985,000 | -1.36M | -3.86M | -2.49M | -6.54M | -8.04M | -11.99M | -9.07M | -6.71M | -4.11M | -2.98M | -3.02M | -611,281 | -560,262 | -1.74M |
| Other Financing Charges | — | — | — | — | -44,000 | — | — | — | — | — | — | — | 542,000 | 510,000 | 557,000 | 5.80M | 19.64M | 9.85M | 245,506 | 215,120 | 167,407 | 142,178 | — | — |
| Financing Cash Flow | 86.43M | 53.16M | -20.74M | -6.82M | -91.71M | -8.35M | 37.78M | 40.92M | 11.40M | 893,000 | 887,000 | -4.39M | -1.74M | -6.84M | -4.18M | 4.75M | 9.06M | 25.17M | 16.71M | 25.69M | 33.40M | 25.63M | 19.00M | 8.50M |
| Other Cash Details | ||||||||||||||||||||||||
| End Cash Position | 60.84M | 53.81M | 119.49M | 112.42M | 35.11M | 107.93M | 39.89M | 32.50M | 23.75M | 25.64M | 26.19M | 45.35M | 34.39M | 30.64M | 41.15M | 17.46M | 17.82M | 13.64M | 5.82M | 5.31M | 4.89M | 2.13M | 5.89M | 4.84M |
| Income Tax Paid | 1.57M | 3.58M | 5.53M | 2.18M | 2.71M | 2.13M | 5.71M | 1.34M | 800,000 | 2.26M | 1.62M | 1.55M | 615,000 | 850,000 | 275,000 | 600,000 | 850,000 | — | — | — | — | — | — | — |
| Interest Paid | 22.75M | 4.33M | 4.41M | 9.59M | 12.97M | 9.74M | 6.51M | 4.19M | 3.74M | 4.12M | 5.38M | 6.60M | 8.80M | 11.06M | 12.18M | 14.27M | 12.91M | — | — | — | — | — | — | — |
| Free Cash Flow | 21.26M | 17.40M | 14.82M | 14.01M | 11.56M | 12.18M | 12.72M | 5.64M | 6.68M | 6.56M | 8.06M | 9.29M | 8.56M | 5.41M | 667,000 | 1.79M | 3.72M | 3.92M | 3.51M | 3.80M | 2.75M | 2.61M | 1.59M | 2.80M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 238,900 | 6.28M | 2.96% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 206,546 | 5.43M | 2.56% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 101,429 | 2.66M | 1.26% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 73,788 | 1.94M | 0.91% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 72,645 | 1.91M | 0.90% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 40,571 | 1.07M | 0.50% |
| Bridgeway Fds Inc-Omni Small Cap Value Fund | Sep 30, 2024 | 34,000 | 893,180 | 0.42% |
| Vanguard Russell 2000 Index Fund | Nov 30, 2024 | 33,933 | 891,419 | 0.42% |
| iShares Micro Cap ETF | Nov 30, 2024 | 16,719 | 439,208 | 0.21% |
| Schwab Capital Trust-Small Cap Index Fund | Oct 31, 2024 | 16,821 | 441,887 | 0.21% |
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