The Middlefield Banking Company in Middlefield, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Middlefield Banking Company - Overview

  • General
  • FDIC Certificate #: 13716
    Status: Active
    Federal Reserve ID: 177920
    Bank Holding Company (Regulatory Top Holder): Middlefield Banc Corp (RSSDID: 1398740, Location: Middlefield, OH)
    Date Established: March 15, 1902
    WWW: http://www.middlefieldbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 14288
    FDIC's unique #: 8574
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 20, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 15985 East High Street, Middlefield, OH 44062
    County: Geauga
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $575.5 mil
    Equity capital: $44.4 mil
    Deposits held in domestic offices: $519.5 mil
    Return on assets (ROA): 1.03% ($5.9 mil)
    Quarterly return on assets: 1.16% ($6.7 mil)
    Return on Equity (ROE): 14.35% ($6.3 mil)
    Quarterly return on equity: 15.29% ($6.7 mil)
    Net income: $5.8 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.28% ($7,366.0 mil)
    Quarterly Pretax return on assets: 1.47% ($8,459.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 102Total employees (full-time equivalent)
  • $575,466Total assets
  • $14,376Cash and due from depository institutions
  • $7,476Interest-bearing balances
  • $185,284Securities
  • $6,980Federal funds sold & reverse repurchase agreements
  • $343,623Net loans & leases
  • $4,715Loan loss allowance
  • $0Trading account assets
  • $7,710Bank premises and fixed assets
  • $1,496Other real estate owned
  • $2,134Goodwill and other intangibles
  • $575,466Life insurance assets
  • $13,863All other assets
  • $531,059Total liabilities and capital
  • $519,480Total liabilities
  • $460,036Total deposits
  • $519,480Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 84.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,577Trading liabilities
  • $0Other borrowed funds
  • $4,918Subordinated debt
  • $44,407All other liabilities
  • $44,407Total equity capital
  • $44,407Total bank equity capital
  • $0Perpetual preferred stock
  • $965Common stock
  • $1,102Surplus
  • $42,340Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,890Income earned, not collected on loans
  • $0Earning assets
  • $2,088Long-term assets (5+ years)
  • $543,363Average Assets, year-to-date
  • $289,082Average Assets, quarterly
  • $567,965Volatile liabilities
  • $580,594Insider loans
  • $359,031FHLB advances
  • $575,407Loans and leases held for sale
  • $8,257Unused loan commitments
  • $8,257Tier 1 (core) risk-based capital
  • $37,695Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $70,610Restructured Loans and leases
  • $387Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,410Total interest income
  • $7,023Total interest expense
  • $19,387Net interest income
  • $1,885Provision for loan and lease losses
  • $2,490Total noninterest income
  • $0Fiduciary activities
  • $1,466Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,024Additional noninterest income
  • $12,720Total noninterest expense
  • $6,516Salaries and employee benefits
  • $1,241Premises and equipment expense
  • $4,963Additional noninterest expense
  • $7,272Pre-tax net operating income
  • $21Securities gains (losses)
  • $1,469Applicable income taxes
  • $5,824Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,824Net income attributable to bank
  • $0Net charge-offs
  • $5,824Cash dividends
  • $1,263Sale, conversion, retirement of capital stock, net
  • $2,403Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 2.38%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 14.35%Return on equity (ROE)
  • 8.43%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 149.25%Credit loss provision to net charge-offs
  • 7.25%Efficiency ratio
  • 58,143Assets per employee
  • 5.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.26%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 39.66%Noncurrent assets plus other real estate owned to assets
  • 2.33%Noncurrent loans to loans
  • 3.41%Net loans and leases to deposits
  • 66.15%Net loans and leases to core deposits
  • 68.25%Equity capital to assets
  • 7.72%Core capital (leverage) ratio
  • 6.55%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $567,965Average earning assets
  • $40,576Average equity
  • $534,502Average loans

List of branches

  • 8 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08574The Middlefield Banking Company15985 East High Street, Middlefield, OH 44062March 15, 1902Full Service Brick and Mortar
    1229898West Branch15545 West High Street, Middlefield, OH 44062November 04, 1985Full Service Brick and Mortar
    2229899Garrettsville Branch8058 State Street, Garrettsville, OH 44231November 17, 1986Full Service Brick and Mortar
    3229900Mantua Branch10519 South Main Street, Mantua, OH 44255January 19, 1999Full Service Brick and Mortar
    5361924Chardon Branch348 Center Street, Chardon, OH 44024September 24, 2001Full Service Brick and Mortar
    6419719Orwell Branch30 South Maple Avenue, Orwell, OH 44076April 28, 2003Full Service Brick and Mortar
    7457529Newbury Branch11110 Kinsman Road, Unit 1, Newbury, OH 44065December 26, 2006Full Service Brick and Mortar
    8477399Cortland Branch3450 Niles-Cortland Road, Cortland, OH 44410June 16, 2008Full Service Brick and Mortar

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