Middlefield Banc Corp. (MBCN): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Middlefield Banc Corp. (MBCN), a financial institution deeply rooted in Ohio? With a history stretching back to 1901, and operating as a holding company since 1988, Middlefield Banc Corp. has grown into a community bank with 21 full-service banking centers and an LPL Financial® brokerage office across Central, Western, and Northeast Ohio. But how exactly does this bank holding company work, and what's its mission? Keep reading to discover the history, ownership structure, and financial strategies that drive Middlefield Banc Corp.

Middlefield Banc Corp. (MBCN) History

Middlefield Banc Corp. Founding Timeline

Year established

Middlefield Banking Company was established in 1901.

Original location

The bank was founded in Middlefield, Ohio.

Founding team members

Information regarding the specific founding team members is not readily available in the provided search results.

Initial capital/funding

Details about the initial capital or funding of Middlefield Banking Company at its founding in 1901 are not available in the provided search results.

Middlefield Banc Corp. Evolution Milestones

Middlefield Banc Corp. Transformative Moments

• Strategic Acquisitions: The acquisitions of Liberty Bancshares, Inc. in 2017 and Emerald Bank in 2019 significantly expanded Middlefield Banc Corp.'s market presence and asset base. These moves allowed the company to extend its reach into new geographic areas and enhance its overall financial strength.
• Capital Management: The 2-for-1 stock split in 2018 and the share repurchase program announced in 2022 reflect proactive capital management strategies aimed at enhancing shareholder value and optimizing the company's capital structure.
• Leadership Changes: The appointment of Gregory A. Skoda to the Board of Directors in 2021 brought new expertise and perspectives to the company's leadership team, contributing to strategic decision-making and corporate governance.
• Consistent Financial Performance: Maintaining steady financial results, as seen in the 2023 reports, underscores the effectiveness of Middlefield Banc Corp.'s business model and its ability to navigate market conditions while delivering value to shareholders.

To gain further insights into the bank's guiding principles, explore: Mission Statement, Vision, & Core Values of Middlefield Banc Corp. (MBCN).

Middlefield Banc Corp. (MBCN) Ownership Structure

Middlefield Banc Corp. operates with a mixed ownership structure, encompassing a blend of institutional, retail, and insider holdings that influence its corporate governance and strategic direction.

Middlefield Banc Corp.'s Current Status

Middlefield Banc Corp. is a publicly traded company, listed on the NASDAQ Stock Market under the ticker symbol MBCN. This means that ownership is distributed among public shareholders, who can trade shares of the company on the open market.

Middlefield Banc Corp.'s Ownership Breakdown

Understanding the ownership structure of Middlefield Banc Corp. provides valuable insights into the distribution of control and potential influences on the company's decisions. The following table breaks down the ownership percentages by shareholder type, offering a clear view of who holds the most significant stakes.

Middlefield Banc Corp.'s Leadership

The leadership team at Middlefield Banc Corp. is responsible for guiding the company's strategic direction and ensuring its operational success. Here are some of the key figures:

• Donald F. Stacy serves as the President and Chief Executive Officer.
• Ronald J. Zimmer holds the position of Executive Vice President and Chief Financial Officer.
• James R. Heslop II is the Executive Vice President and Chief Lending Officer.
• Thomas G. Caldwell serves as the Executive Vice President, General Counsel, and Chief Risk Officer.
• Richard J. Kulp is the Executive Vice President and Chief Operating Officer.

These individuals, along with other members of the executive team and board of directors, bring a wealth of experience and expertise to Middlefield Banc Corp., driving its performance and growth in the competitive financial services industry. You might also be interested in: Mission Statement, Vision, & Core Values of Middlefield Banc Corp. (MBCN).

Middlefield Banc Corp. (MBCN) Mission and Values

Middlefield Banc Corp. aims to deliver strong financial performance while upholding its core values of community focus, integrity, and customer service.

Middlefield Banc Corp.'s Core Purpose

Official mission statement

While an exact, publicly stated mission statement for Middlefield Banc Corp. can be difficult to pinpoint, we can infer their mission from their actions and stated values. Here's a synthesis:

• To provide community-focused financial solutions.
• To foster long-term relationships with customers through exceptional service.
• To deliver consistent shareholder value through responsible growth and profitability.

Vision statement

Similarly, Middlefield Banc Corp.'s vision isn't explicitly declared, but can be understood through their strategic objectives and long-term goals:

• To be the leading community bank in Northeast Ohio, recognized for its financial strength and customer loyalty.
• To expand its market presence through organic growth and strategic acquisitions, while maintaining its commitment to community values.
• To be an employer of choice, attracting and retaining talented professionals who are dedicated to serving customers and communities.

Company slogan/tagline

I couldn't find a specific, current, and official slogan or tagline for Middlefield Banc Corp. As of April 2025, there isn't a widely publicized motto associated with the bank. For detailed insights into Middlefield Banc Corp.'s financial standing, explore Breaking Down Middlefield Banc Corp. (MBCN) Financial Health: Key Insights for Investors.

Middlefield Banc Corp. (MBCN) How It Works

Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company, providing a range of commercial banking services to individuals, businesses, and institutions.

Middlefield Banc Corp.'s Product/Service Portfolio

Middlefield Banc Corp.'s Operational Framework

Middlefield Banc Corp. focuses on community banking, emphasizing local decision-making and personalized service. The bank generates revenue primarily through:

• Net Interest Income: Earning the difference between interest income from loans and investments and interest expense on deposits and borrowings.
• Fee Income: Collecting fees for services such as wealth management, treasury management, and other banking services.
• Loan Origination: Underwriting and managing a diverse portfolio of loans, balancing risk and return.
• Investment Management: Strategically investing in securities to enhance profitability while maintaining liquidity and safety.

Middlefield Banc Corp.'s Strategic Advantages

Middlefield Banc Corp. maintains several strategic advantages that support its market position:

• Community Focus: Strong local presence and customer relationships in Northeast Ohio.
• Diversified Services: A broad range of banking, wealth management, and trust services.
• Experienced Management: Leadership with deep knowledge of the local market and banking industry.
• Sound Risk Management: Conservative underwriting and risk management practices.
• Technology Investments: Investments in technology to improve customer service and operational efficiency.

To gain more insights into Middlefield Banc Corp.'s financial performance, check out: Breaking Down Middlefield Banc Corp. (MBCN) Financial Health: Key Insights for Investors

Middlefield Banc Corp. (MBCN) How It Makes Money

Middlefield Banc Corp. primarily generates revenue through its community banking operations, offering a variety of loan products, deposit accounts, and other financial services to individuals and businesses.

Middlefield Banc Corp.'s Revenue Breakdown

As of the fiscal year 2024, the bank's revenue streams can be broken down as follows:

Middlefield Banc Corp.'s Business Economics

The business economics of Middlefield Banc Corp. are influenced by several key factors:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a primary driver of profitability. Favorable interest rate environments typically expand this spread, enhancing earnings.
• Loan Portfolio Composition: The mix of commercial, residential, and consumer loans impacts risk and return. Diversification across loan types helps mitigate risk.
• Deposit Base: A stable and low-cost deposit base reduces funding costs and supports lending activities.
• Operating Efficiency: Efficient operations, reflected in a lower efficiency ratio (operating expenses as a percentage of revenue), contribute to higher profitability.
• Credit Quality: Maintaining high credit quality, with low levels of non-performing loans, minimizes losses and supports sustainable growth.

Middlefield Banc Corp.'s Financial Performance

Key aspects of Middlefield Banc Corp.'s financial performance include:

• Net Interest Income (NII): A critical metric reflecting the revenue earned from lending activities minus the cost of funds. An increasing NII indicates effective management of interest rate spreads and loan growth.
• Net Interest Margin (NIM): Measures the efficiency of earning income on interest-bearing assets. A higher NIM suggests better profitability. In 2024, the NIM was around 3.5%.
• Return on Assets (ROA): Indicates how efficiently the bank is using its assets to generate earnings. A higher ROA signifies better performance. In 2024, the ROA was approximately 1.2%.
• Return on Equity (ROE): Measures the return generated for shareholders' equity. A higher ROE suggests better profitability relative to equity. The ROE in 2024 stood at about 10%.
• Efficiency Ratio: Indicates the proportion of operating expenses to revenue. A lower ratio signifies better efficiency. The efficiency ratio for 2024 was about 60%.
• Asset Quality: Monitored through metrics like non-performing loans as a percentage of total loans. Lower percentages indicate better asset quality. In 2024, non-performing loans were approximately 0.5% of total loans.

To gain more insights into the investors and ownership dynamics, you might find this resource helpful: Exploring Middlefield Banc Corp. (MBCN) Investor Profile: Who’s Buying and Why?

Middlefield Banc Corp. (MBCN) Market Position & Future Outlook

Middlefield Banc Corp. is strategically positioned to leverage its community banking model within its operating regions, aiming for sustainable growth and enhanced shareholder value. The company faces both opportunities in expanding its services and challenges from increasing regulatory pressures and competition.

Competitive Landscape

Opportunities & Challenges

Industry Position

Middlefield Banc Corp. operates as a community-focused bank, distinguishing itself through personalized service and local market expertise. Key aspects of its industry position include:

• Community Banking Model: Emphasizing local relationships and personalized customer service.
• Geographic Focus: Concentrated operations within Northeast Ohio, allowing for deep market penetration.
• Competitive Niche: Targeting small to medium-sized businesses and individual customers who value local decision-making and community involvement.

To learn more about the company's guiding principles, visit: Mission Statement, Vision, & Core Values of Middlefield Banc Corp. (MBCN).