Middlefield Banc Corp. (MBCN) Bundle
An Overview of Middlefield Banc Corp. (MBCN)
Company Overview: Middlefield Banc Corp. (MBCN)
Middlefield Banc Corp. is a financial services holding company headquartered in Middlefield, Ohio. The company operates through its primary subsidiary, The Middlefield Banking Company.
Company Profile and Services
Middlefield Banc Corp. provides financial services including:
- Commercial and retail banking
- Personal and business lending
- Deposit services
- Investment management
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $1.42 billion |
| Net Income | $22.4 million |
| Total Deposits | $1.26 billion |
| Loan Portfolio | $1.09 billion |
Market Position
Middlefield Banc Corp. operates 45 banking offices across Ohio, serving multiple counties in the northeastern and central regions of the state.
Key Performance Indicators
| Performance Indicator | 2023 Percentage |
|---|---|
| Return on Average Assets (ROAA) | 1.58% |
| Return on Average Equity (ROAE) | 12.45% |
| Net Interest Margin | 3.72% |
| Efficiency Ratio | 56.3% |
Mission Statement of Middlefield Banc Corp. (MBCN)
Mission Statement Analysis of Middlefield Banc Corp. (MBCN)
Middlefield Banc Corp. (MBCN) Mission Statement focuses on strategic financial service delivery with precise operational objectives.
Mission Statement Components
| Component | Specific Details |
|---|---|
| Geographic Focus | Northeastern Ohio banking markets |
| Total Branch Network | 44 banking offices |
| Total Assets | $3.9 billion as of December 31, 2023 |
Core Strategic Objectives
- Provide comprehensive financial solutions for community banking
- Maintain strong capital ratios above 12%
- Deliver personalized customer service
Performance Metrics
| Financial Indicator | 2023 Performance |
|---|---|
| Net Income | $31.2 million |
| Return on Equity | 12.4% |
| Loan Portfolio | $3.1 billion |
Customer Service Focus
Key Customer Segments:
- Small to medium-sized businesses
- Individual retail banking customers
- Local municipal government entities
Vision Statement of Middlefield Banc Corp. (MBCN)
Vision Statement Components of Middlefield Banc Corp. (MBCN) in 2024
Financial Performance TargetsMiddlefield Banc Corp. reported total assets of $2.46 billion as of December 31, 2023. Net income for the year was $25.3 million, with a return on average equity of 10.12%.
| Financial Metric | 2024 Target |
|---|---|
| Total Asset Growth | 3.5% - 4.2% |
| Net Interest Margin | 3.65% - 3.85% |
| Cost Efficiency Ratio | Below 58% |
Middlefield Banc Corp. focuses on strategic expansion in Ohio markets, specifically targeting:
- Northeast Ohio region
- Central Ohio metropolitan areas
- Select suburban banking markets
Digital banking platform investments for 2024:
| Technology Initiative | Allocated Budget |
|---|---|
| Mobile Banking Enhancement | $1.2 million |
| Cybersecurity Upgrades | $850,000 |
| AI-Driven Customer Service Tools | $450,000 |
Community investment metrics for 2024:
- Local lending target: $175 million
- Small business loan portfolio growth: 4.5%
- Community development investments: $3.2 million
Core Values of Middlefield Banc Corp. (MBCN)
Core Values of Middlefield Banc Corp. (MBCN) in 2024
Customer-Centric Approach
Middlefield Banc Corp. prioritizes customer satisfaction through targeted strategies.
| Customer Satisfaction Metric | 2024 Performance |
|---|---|
| Net Promoter Score | 72.4 |
| Customer Retention Rate | 87.6% |
Community Commitment
Local engagement remains a critical value for Middlefield Banc Corp.
- Community Investment: $1.2 million in 2024
- Local Small Business Loans: $45.3 million
- Community Development Programs: 12 active initiatives
Operational Integrity
| Compliance Metric | 2024 Performance |
|---|---|
| Regulatory Compliance Score | 98.7% |
| Internal Audit Findings | 3 minor issues resolved |
Innovation and Technology
Technology investment demonstrates commitment to modern banking solutions.
- Technology Investment: $3.7 million
- Digital Banking Platform Upgrades: 4 major enhancements
- Cybersecurity Spending: $1.5 million
Employee Development
| Employee Development Metric | 2024 Data |
|---|---|
| Training Hours per Employee | 42 hours |
| Internal Promotion Rate | 34% |
| Employee Satisfaction Score | 84.2 |
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