Middlefield Banc Corp. (MBCN) financial statements (2023 and earlier)

Company profile

Business Address 15985 E HIGH ST
MIDDLEFILED, OH 44062-9263
State of Incorp. OH
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments989336109403224
Cash and cash equivalents979335108403224
Short-term investments1111   
Total current assets:989336109403224
Noncurrent Assets
Operating lease, right-of-use asset111
Property, plant and equipment17181813121110
Intangible assets, net (including goodwill)161717171855
Goodwill151515151555
Intangible assets, net (excluding goodwill)1222300
Total noncurrent assets:35363630301614
Other undisclosed assets1,1981,2631,1111,1091,037740697
TOTAL ASSETS:1,3311,3921,1821,2481,106788735
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  590756836
Total current liabilities:  590756836
Noncurrent Liabilities
Other undisclosed liabilities1,1861,2481,0401,030912643637
Total liabilities:1,1861,2481,0451,120986711673
Stockholders' equity
Stockholders' equity attributable to parent1451441381281207762
Common stock87878786854836
Treasury stock, value(29)(17)(16)(14)(14)(14)(14)
Accumulated other comprehensive income (loss)342(0)112
Retained earnings84706556474137
Total stockholders' equity:1451441381281207762
TOTAL LIABILITIES AND EQUITY:1,3311,3921,1821,2481,106788735

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues115550483331
Gain on disposition of assets for financial service operations11  
Net investment income  5550443029
Cost of revenue(1)(10)(1)(1)(1)(1)(0)
Provision for loan, lease, and other losses(1)(10)(1)(1)
Financial services costs(1)(1)(0)
Gross profit:1(8)5450473231
Operating expenses(8)(7)(7)(6)(21)(1) 
Operating income (loss):(7)(16)4743253131
Nonoperating income11  011
Gains (losses) on sales of other real estate(0)0   0 
Bank owned life insurance income10  001
Interest and debt expense(4)(9)(13)(10)(7)(4)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 34(18)(19)(5)(19)(19)
Income (loss) from continuing operations before equity method investments, income taxes:(11)1015151488
Other undisclosed income from continuing operations before income taxes33      
Income from continuing operations before income taxes:231015151488
Income tax expense(4)(1)(3)(2)(4)(2)(2)
Net income available to common stockholders, diluted:1981312967

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1981312967
Other comprehensive income (loss)  2(1)(0)(1)(0)
Comprehensive income:1981511957
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)2     
Comprehensive income, net of tax, attributable to parent:18111511957

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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