Middlefield banc corp. (MBCN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST AND DIVIDEND INCOME
Interest and fees on loans

12,078

12,392

12,804

12,706

12,488

12,504

11,821

11,197

11,054

10,696

10,443

9,916

9,180

6,849

6,459

6,317

6,173

6,168

5,971

5,842

5,843

5,811

5,646

5,575

5,694

5,620

5,754

5,550

5,572

5,430

5,810

5,641

5,537

5,599

5,555

5,399

5,301

5,325

5,299

Interest-earning deposits in other institutions

94

124

193

169

187

146

178

115

119

80

107

92

49

11

15

15

12

7

6

12

8

5

5

9

5

7

6

9

8

7

7

8

4

6

4

2

2

3

3

Federal funds sold

21

22

24

25

7

17

8

7

14

6

5

1

3

4

7

5

4

1

4

5

3

3

2

6

3

3

4

4

4

7

6

4

3

-1

0

4

9

15

12

Investment securities:
Taxable interest

157

197

206

214

179

182

167

170

169

162

159

223

218

241

235

290

340

352

341

379

395

420

441

526

509

605

610

625

674

754

749

791

915

1,030

1,220

1,289

1,323

1,290

1,339

Tax-exempt interest

629

661

613

553

565

589

598

550

525

560

579

630

637

686

687

750

790

787

809

805

759

791

798

783

755

785

782

744

733

727

749

753

747

759

724

702

698

702

647

Dividends on stock

30

40

45

53

58

58

57

53

59

60

37

40

112

30

17

28

29

28

20

23

27

25

19

20

23

23

18

15

23

24

21

26

26

26

25

25

26

33

32

Total interest and dividend income

13,009

13,436

13,885

13,720

13,484

13,496

12,829

12,092

11,940

11,564

11,330

10,902

10,199

7,821

7,420

7,405

7,348

7,343

7,151

7,066

7,035

7,055

6,911

6,919

6,989

7,043

7,174

6,947

7,014

6,949

7,342

7,223

7,232

7,419

7,528

7,421

7,359

7,368

7,332

INTEREST EXPENSE
Deposits

2,865

3,014

3,173

3,277

2,945

2,834

2,178

1,979

1,640

1,530

1,468

1,227

1,125

953

921

889

855

845

876

874

831

866

898

929

940

1,023

1,170

1,219

1,297

1,379

1,418

1,434

1,497

1,590

1,836

2,004

2,037

2,391

2,373

Short-term borrowings

35

34

42

79

213

78

296

192

276

101

202

273

177

38

49

115

120

94

30

33

37

37

38

38

35

37

42

47

52

42

61

99

59

58

59

59

59

66

62

Other borrowings

76

80

92

95

96

92

104

118

122

131

148

125

140

115

56

62

17

134

20

23

23

24

30

32

32

35

41

44

46

50

78

82

84

87

100

104

109

147

183

Trust preferred securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

-

33

60

-8

78

33

34

26

34

75

47

34

42

45

31

46

138

139

137

136

148

128

Total interest expense

2,976

3,128

3,307

3,451

3,254

3,004

2,578

2,289

2,038

1,762

1,818

1,625

1,442

1,073

1,026

1,066

1,025

988

959

990

883

1,005

999

1,033

1,033

1,136

1,328

1,357

1,429

1,513

1,602

1,646

1,686

1,873

2,134

2,304

2,341

2,752

2,746

NET INTEREST INCOME

10,033

10,308

10,578

10,269

10,230

10,492

10,251

9,803

9,902

9,802

9,512

9,277

8,757

6,748

6,394

6,339

6,323

6,355

6,192

6,076

6,152

6,050

5,912

5,886

5,956

5,907

5,846

5,590

5,585

5,436

5,740

5,577

5,546

5,546

5,394

5,117

5,018

4,616

4,586

Provision for loan losses

2,740

-

-

-

240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

80

110

-

210

210

210

210

430

280

170

165

-

105

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

105

105

-

105

0

105

0

70

120

180

-570

153

300

313

975

143

450

600

600

920

700

865

1,226

690

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

7,293

9,848

10,498

10,159

9,990

10,282

10,041

9,593

9,692

9,372

9,232

9,107

8,592

6,493

6,289

6,234

6,218

6,250

6,087

6,076

6,047

6,050

5,842

5,766

5,776

6,477

5,693

5,290

5,272

-

5,597

5,127

-

4,946

4,474

4,417

4,153

3,390

3,896

NONINTEREST INCOME
Investment securities gains on sale, net

-

-

4

190

-

-

-

-

-

0

398

0

488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain on equity securities

-160

82

-32

-14

58

-55

15

13

18

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,946

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

497

505

491

447

492

471

470

441

477

489

469

441

488

510

511

447

382

481

471

431

213

455

416

428

473

433

Investment securities gains, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

252

51

66

211

22

24

0

190

64

-6

-164

0

-10

185

-

152

296

-

-157

6

-37

15

18

18

Earnings on bank-owned life insurance

107

108

109

109

105

110

108

98

112

115

109

98

109

106

101

97

99

362

101

92

69

70

71

68

67

71

66

75

68

71

71

69

68

69

70

66

73

72

65

Gain on sale of loans

114

148

128

98

59

30

43

154

4

106

255

231

234

97

129

106

87

43

113

120

53

-

20

-

-

-

-

-

-

0

0

0

85

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

200

242

227

225

215

212

258

209

-189

220

256

213

255

232

243

168

157

164

181

210

133

155

149

183

132

169

Total noninterest income

1,074

1,305

1,105

1,299

1,132

946

948

1,048

786

918

1,441

989

1,511

900

977

1,173

909

1,178

1,108

962

796

1,026

990

857

715

650

808

819

868

772

868

1,017

794

258

686

594

699

695

685

NONINTEREST EXPENSE
Salaries and employee benefits

3,524

4,049

4,272

4,078

4,124

4,065

3,839

3,866

3,979

3,134

3,725

3,203

3,696

2,509

2,677

2,283

2,780

2,546

2,285

2,560

2,360

2,389

2,144

2,268

2,016

2,264

1,872

1,906

1,871

1,872

1,705

1,800

1,750

1,845

1,754

1,944

1,690

1,543

1,713

Occupancy expense

550

580

535

496

553

465

460

472

536

449

476

433

488

319

306

292

335

308

305

291

349

240

272

275

321

436

273

248

274

256

233

222

248

216

242

223

272

224

217

Equipment expense

273

270

244

291

235

273

262

201

233

261

242

266

281

291

221

210

269

238

249

241

216

253

296

194

220

347

228

186

189

202

186

201

170

68

175

155

158

156

204

Data processing costs

666

614

580

549

465

446

481

402

477

416

468

588

320

407

334

322

272

273

287

261

250

228

251

224

214

245

209

187

213

198

184

191

199

178

162

173

180

160

172

Ohio state franchise tax

268

262

262

261

259

220

244

244

115

186

186

186

186

184

186

162

100

75

75

75

75

73

93

93

83

151

164

149

154

173

160

128

129

-

126

97

-

134

134

Ohio state franchise tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128

-

-

Federal deposit insurance expense

123

0

0

100

130

100

150

150

150

165

165

135

68

42

132

132

132

120

120

120

112

88

132

97

132

163

135

64

154

-264

250

258

243

293

176

272

225

197

190

Professional fees

349

448

401

403

431

364

346

327

445

522

434

423

373

384

547

218

292

422

229

277

319

272

189

338

287

291

316

291

276

278

270

186

214

223

181

185

211

110

188

Net loss (gain) on other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48

-141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

-

-24

40

-88

-64

-49

-75

5

-58

35

13

-8

-20

-188

-32

-18

1

-195

-323

20

-536

-93

Advertising expense

209

128

202

200

203

227

236

230

228

161

248

164

248

130

206

203

195

135

195

195

196

121

120

124

123

109

113

111

112

177

114

112

20

-

-

-

-

-

-

Software amortization expense

141

159

182

152

145

145

155

155

150

-

118

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other real estate expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

-

116

268

65

131

91

102

63

86

128

90

106

207

68

213

10

-

-

-

-

-

-

Directors fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121

107

-

98

127

118

100

99

118

86

88

77

133

105

-

97

106

-

-

-

-

-

-

-

Core deposit intangible amortization

83

85

86

85

85

87

87

87

91

98

101

103

72

-20

10

10

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Appraiser fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

119

101

-

97

0

56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ATM fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98

96

-

89

88

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ATM fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98

-

-

123

88

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger expense

-

-

-

-

-

-

-

-

-

28

338

307

387

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

1,066

783

909

867

870

851

832

929

941

581

796

816

1,148

1,689

995

604

591

1,968

490

744

513

268

649

690

689

528

635

596

539

392

667

592

781

-282

895

920

861

682

917

Total noninterest expense

7,252

7,378

7,673

7,482

7,500

7,243

7,092

7,063

7,345

6,217

7,297

6,704

7,267

4,957

5,662

4,915

5,338

5,380

4,669

5,217

4,811

4,638

4,385

4,598

4,229

4,806

4,115

3,948

4,001

3,694

4,122

4,041

3,782

3,598

3,906

4,292

3,705

3,742

3,828

Income before income taxes

1,115

3,775

3,930

3,976

3,622

3,985

3,897

3,578

3,133

4,073

3,376

3,392

2,836

2,436

1,604

2,492

1,789

2,048

2,526

1,821

2,032

2,438

2,447

2,025

2,262

2,321

2,386

2,161

2,139

1,539

2,343

2,103

1,958

1,606

1,254

719

1,147

343

753

Income taxes

74

634

661

686

611

560

593

481

528

1,687

914

885

736

776

261

566

302

298

544

316

404

550

529

414

499

500

521

476

482

270

494

463

435

277

175

-1

145

-120

38

NET INCOME

1,041

3,141

3,269

3,290

3,011

3,425

3,304

3,097

2,605

2,386

2,462

2,507

2,100

1,660

1,343

1,926

1,487

1,750

1,982

1,505

1,628

1,888

1,918

1,611

1,763

1,821

1,865

1,685

1,657

1,269

1,849

1,640

1,523

1,329

1,079

720

1,002

463

715

EARNINGS PER SHARE
Basic (in dollars per share)

0.16

-0.52

1.01

1.01

0.46

-0.87

1.02

0.96

0.81

0.73

0.77

0.84

0.78

0.71

0.60

0.94

0.79

0.93

0.96

0.73

0.79

0.92

0.94

0.79

0.87

0.89

0.92

0.84

0.83

0.65

0.93

0.85

0.86

0.76

0.63

0.44

0.62

0.29

0.46

Diluted (in dollars per share)

0.16

-0.53

1.01

1.01

0.46

-0.87

1.02

0.96

0.80

0.73

0.76

0.83

0.78

0.70

0.60

0.94

0.79

0.91

0.96

0.73

0.79

0.92

0.93

0.79

0.86

0.90

0.92

0.83

0.82

0.64

0.93

0.85

0.86

0.76

0.63

0.44

0.62

0.29

0.45

DIVIDENDS DECLARED PER SHARE (in dollars per share)

-

-

-

-

-

-

-

-

-

0.27

0.27

0.27

0.27

0.27

0.27

0.27

0.27

-

-

0.27

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

0.26

Deposit Account [Member]
Noninterest income revenue

553

577

571

530

508

498

491

472

453

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial Service, Other [Member]
Noninterest income revenue

460

390

325

386

402

363

291

311

199

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-