Middlefield Banc Corp
NASDAQ:MBCN

  • LAST PRICE
    22.2500
  • TODAY'S CHANGE (%)
    -0.3000 (-1.3304%)
  • Bid / Lots
    9.0000/ 2
  • Ask / Lots
    36.0000/ 2
  • Open / Previous Close
    22.5500 / 22.5500
  • Day Range
    21.6850
    22.5500
  • 52 Week Range
    21.3600
    37.0000
  • Volume
    3,801

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  • May 2, 2024

  • Apr 30, 2024

      Show headlines and story abstract

    • 7:31AM ET on Tuesday Apr 30, 2024 by GlobeNewswire
      Companies Mentioned: MBCN

    • 7:30AM ET on Tuesday Apr 30, 2024 by Dow Jones
      Companies Mentioned: MBCN
      --------- --------- Noninterest-earning assets 87,298 89,158 --------- --------- Total assets $1,822,684 $1,713,363 ========= ========= Interest-bearing liabilities: Interest-bearing demand deposits $ 211,009 $ 978 1.86% $ 177,935 $ 364 0.83% Money market deposits 298,479 2,827 3.81% 208,408 783 1.52% Savings deposits 201,080 290 0.58% 315,049 804 1.03% Certificates of deposit 333,871 3,371 4.06% 246,151 1,039 1.71% Short-term borrowings 144,357 1,993 5.55% 56,459 653 4.69% Other borrowings 11,840 184 6.25% 12,038 155 5.22% --------- --------- --------- --------- --------- -------- Total interest-bearing liabilities 1,200,636 9,643 3.23% 1,016,040 3,798 1.52% --------- --------- Noninterest-bearing liabilities: Noninterest-bearing demand deposits 400,209 491,649 Other liabilities 16,497 10,860 Stockholders' equity 205,342 194,814 --------- --------- Total liabilities and stockholders' equity $1,822,684 $1,713,363 ========= ========= Net interest income $ 14,969 $ 16,506 ========= ========= Interest rate spread (4) 2.54% 3.62% Net interest margin (5) 3.53% 4.19% Ratio of average interest-earning assets to average interest-bearing liabilities 144.54% 159.86% (1) Tax-equivalent adjustments to calculate the yield on tax-exempt securities and loans were $281 and $278 for the three months ended March 31, 2024 and 2023, respectively. (2) Yield is calculated on the basis of amortized cost. (3) Includes dividends received on restricted stock. (4) Interest rate spread represents the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities. (5) Net interest margin represents net interest income as a percentage of average interest-earning assets. For the Three Months Ended -------------------------------------------------------------------------------------------- March 31, December 31, 2024 2023 ----------------------------------------- --------------------------------------- Average Average Average Average Balance Interest Yield/Cost Balance Interest Yield/Cost -------------- -------------- -------------- -------------- -------------- ------------ Interest-earning assets: Loans receivable (1) $1,476,543 $ 22,395 6.11% $1,454,688 $ 22,027 6.01% Investment securities (1) (2) 194,704 1,439 3.51% 193,289 1,455 3.52% Interest-earning deposits with other banks (3) 64,139 778 4.88% 64,989 608 3.71% --------- --------- --------- --------- --------- -------- Total interest-earning assets 1,735,386 24,612 5.77% 1,712,966 24,090 5.64% --------- --------- Noninterest-earning assets 87,298 82,364 --------- --------- Total assets $1,822,684 $1,795,330 ========= ========= Interest-bearing liabilities: Interest-bearing demand deposits $ 211,009 $ 978 1.86% $ 222,517 $ 935 1.67% Money market deposits 298,479 2,827 3.81% 276,354 2,493 3.58% Savings deposits 201,080 290 0.58% 211,997 317 0.59% Certificates of deposit 333,871 3,371 4.06% 299,427 2,777 3.68% Short-term borrowings 144,357 1,993 5.55% 144,344 2,013 5.53% Other borrowings 11,840 184 6.25% 11,890 179 5.97% --------- --------- --------- --------- --------- -------- Total interest-bearing liabilities 1,200,636 9,643 3.23% 1,166,529 8,714 2.96% --------- --------- Noninterest-bearing liabilities: Noninterest-bearing demand deposits 400,209 422,151 Other liabilities 16,497 9,442 Stockholders' equity 205,342 197,208 --------- --------- Total liabilities and stockholders' equity $1,822,684 $1,795,330 ========= ========= Net interest income $ 14,969 $ 15,376 ========= ========= Interest rate spread (4) 2.54% 2.68% Net interest margin (5) 3.53% 3.63% Ratio of average interest-earning assets to average interest-bearing liabilities 144.54% 146.84% (1) Tax-equivalent adjustments to calculate the yield on tax-exempt securities and loans were $281 and $282 for the three months ended March 31, 2024 and December 31, 2023, respectively. (2) Yield is calculated on the basis of amortized cost. (3) Includes dividends received on restricted stock. (4) Interest rate spread represents the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities. (5 ) Net interest margin represents net interest income as a percentage of average interest-earning assets. Company Contact: Investor and Media Contact: Ronald L. Zimmerly, Jr. Andrew M. Berger President and Chief Executive Officer Managing Director Middlefield Banc Corp. SM Berger & Company, Inc. (419) 673-1217 (216) 464-6400 rzimmerly@middlefieldbank.com andrew@smberger.com

    • 7:30AM ET on Tuesday Apr 30, 2024 by Dow Jones
      Companies Mentioned: MBCN
      --------- --------- Noninterest-earning assets 87,298 89,158 --------- --------- Total assets $1,822,684 $1,713,363 ========= ========= Interest-bearing liabilities: Interest-bearing demand deposits $ 211,009 $ 978 1.86% $ 177,935 $ 364 0.83% Money market deposits 298,479 2,827 3.81% 208,408 783 1.52% Savings deposits 201,080 290 0.58% 315,049 804 1.03% Certificates of deposit 333,871 3,371 4.06% 246,151 1,039 1.71% Short-term borrowings 144,357 1,993 5.55% 56,459 653 4.69% Other borrowings 11,840 184 6.25% 12,038 155 5.22% --------- --------- --------- --------- --------- -------- Total interest-bearing liabilities 1,200,636 9,643 3.23% 1,016,040 3,798 1.52% --------- --------- Noninterest-bearing liabilities: Noninterest-bearing demand deposits 400,209 491,649 Other liabilities 16,497 10,860 Stockholders' equity 205,342 194,814 --------- --------- Total liabilities and stockholders' equity $1,822,684 $1,713,363 ========= ========= Net interest income $ 14,969 $ 16,506 ========= ========= Interest rate spread (4) 2.54% 3.62% Net interest margin (5) 3.53% 4.19% Ratio of average interest-earning assets to average interest-bearing liabilities 144.54% 159.86% (1) Tax-equivalent adjustments to calculate the yield on tax-exempt securities and loans were $281 and $278 for the three months ended March 31, 2024 and 2023, respectively. (2) Yield is calculated on the basis of amortized cost. (3) Includes dividends received on restricted stock. (4) Interest rate spread represents the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities. (5) Net interest margin represents net interest income as a percentage of average interest-earning assets. For the Three Months Ended -------------------------------------------------------------------------------------------- March 31, December 31, 2024 2023 ----------------------------------------- --------------------------------------- Average Average Average Average Balance Interest Yield/Cost Balance Interest Yield/Cost -------------- -------------- -------------- -------------- -------------- ------------ Interest-earning assets: Loans receivable (1) $1,476,543 $ 22,395 6.11% $1,454,688 $ 22,027 6.01% Investment securities (1) (2) 194,704 1,439 3.51% 193,289 1,455 3.52% Interest-earning deposits with other banks (3) 64,139 778 4.88% 64,989 608 3.71% --------- --------- --------- --------- --------- -------- Total interest-earning assets 1,735,386 24,612 5.77% 1,712,966 24,090 5.64% --------- --------- Noninterest-earning assets 87,298 82,364 --------- --------- Total assets $1,822,684 $1,795,330 ========= ========= Interest-bearing liabilities: Interest-bearing demand deposits $ 211,009 $ 978 1.86% $ 222,517 $ 935 1.67% Money market deposits 298,479 2,827 3.81% 276,354 2,493 3.58% Savings deposits 201,080 290 0.58% 211,997 317 0.59% Certificates of deposit 333,871 3,371 4.06% 299,427 2,777 3.68% Short-term borrowings 144,357 1,993 5.55% 144,344 2,013 5.53% Other borrowings 11,840 184 6.25% 11,890 179 5.97% --------- --------- --------- --------- --------- -------- Total interest-bearing liabilities 1,200,636 9,643 3.23% 1,166,529 8,714 2.96% --------- --------- Noninterest-bearing liabilities: Noninterest-bearing demand deposits 400,209 422,151 Other liabilities 16,497 9,442 Stockholders' equity 205,342 197,208 --------- --------- Total liabilities and stockholders' equity $1,822,684 $1,795,330 ========= ========= Net interest income $ 14,969 $ 15,376 ========= ========= Interest rate spread (4) 2.54% 2.68% Net interest margin (5) 3.53% 3.63% Ratio of average interest-earning assets to average interest-bearing liabilities 144.54% 146.84% (1) Tax-equivalent adjustments to calculate the yield on tax-exempt securities and loans were $281 and $282 for the three months ended March 31, 2024 and December 31, 2023, respectively. (2) Yield is calculated on the basis of amortized cost. (3) Includes dividends received on restricted stock. (4) Interest rate spread represents the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities. (5 ) Net interest margin represents net interest income as a percentage of average interest-earning assets. Company Contact: Investor and Media Contact: Ronald L. Zimmerly, Jr. Andrew M. Berger President and Chief Executive Officer Managing Director Middlefield Banc Corp. SM Berger & Company, Inc. (419) 673-1217 (216) 464-6400 rzimmerly@middlefieldbank.com andrew@smberger.com

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