MIDDLEFIELD BANC CORP
ir.middlefieldbank.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 13, 2025. Its latest SEC filing is a 15-12G from Mar 12, 2026.
10-Q for Q3 FY2025, filed Nov 13, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Provides commercial and consumer banking services, including deposit accounts and loans, to businesses and individual customers in Ohio.
10-K for FY2024, filed Mar 13, 2025The Middlefield Banking Company MBC was chartered under Ohio law in 1901. MBC offers customers a broad range of banking services, including…View ↗
Engaged in general commercial banking in northeastern, central, and western Ohio, MBC offers these services principally to small and…View ↗
MBC’s loan products include operational and working capital loans, loans to finance capital purchases, term business loans, residential…View ↗
How Did They Make Money?
Earns most of its revenue from interest on loans and investments. It also charges deposit-account and transaction fees monthly or when a requested service is completed, and receives investment-service referral revenue over time.
10-K for FY2024, filed Mar 13, 2025Following ASC Topic 606, Revenue from Contracts with Customers (Topic 606), management determined that the primary sources of revenue…View ↗
Service charges on deposit accounts – The Company has contracts with its deposit customers whereby fees are charged if the account balance…View ↗
Revenue from investment services – The Company earns investment services revenue through its referral agreement with LPL Financial. The…View ↗
$67.9M
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10-K for FY2024, filed Mar 13, 2025
$67.9M ↗
Who Were Their Customers?
Serves small and medium-sized businesses and individual customers through its bank. Individuals can use online banking and bill payment, while business customers can use online cash management.
10-K for FY2024, filed Mar 13, 2025
Did Revenues Turn Into Profits?
Yes. It kept 23 cents of every revenue dollar as net income in FY2024 and turned 25 cents into free cash flow.
How Were They Changing?
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Feb 10, 2026
Shareholders approve merger with Farmers
The merger agreement provides for Middlefield to merge into Farmers, with Farmers surviving; closing remains subject to customary conditions.
Sources
8-K, filed Feb 10, 2026
The Company’s shareholders approved the proposal to adopt the Agreement and Plan of Merger, dated as of October 22, 2025, by and between…View ↗
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Feb 5, 2026
Regulatory approvals received for proposed merger
The companies expected the merger to close during the first quarter of 2026, subject to customary closing conditions.
Sources
8-K, filed Feb 5, 2026
On February 5, 2026, Farmers National Banc Corp. (“Farmers”) and Middlefield Banc Corp. (the “Company”) jointly issued a press release…View ↗
Grew. Revenue grew 29% in 4 years, from $52.6M in FY2020 to $67.9M in FY2024, about 7% a year.
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