Middlefield Banc
Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. The company offers checking, savings, and negotiable order of withdrawal accounts, money market accounts, time certificate… Read more
Middlefield Banc (MBCN) - Net Assets
Latest net assets as of September 2025: $224.12 Million USD
Based on the latest financial reports, Middlefield Banc (MBCN) has net assets worth $224.12 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.98 Billion) and total liabilities ($1.75 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $224.12 Million |
| % of Total Assets | 11.33% |
| Annual Growth Rate | 10.73% |
| 5-Year Change | 46.42% |
| 10-Year Change | 237.96% |
| Growth Volatility | 12.95 |
Middlefield Banc - Net Assets Trend (2000–2024)
This chart illustrates how Middlefield Banc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Middlefield Banc (2000–2024)
The table below shows the annual net assets of Middlefield Banc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $210.56 Million | +2.37% |
| 2023-12-31 | $205.68 Million | +4.04% |
| 2022-12-31 | $197.69 Million | +36.02% |
| 2021-12-31 | $145.34 Million | +1.06% |
| 2020-12-31 | $143.81 Million | +4.38% |
| 2019-12-31 | $137.78 Million | +7.39% |
| 2018-12-31 | $128.29 Million | +7.03% |
| 2017-12-31 | $119.86 Million | +55.75% |
| 2016-12-31 | $76.96 Million | +23.52% |
| 2015-12-31 | $62.30 Million | -2.45% |
| 2014-12-31 | $63.87 Million | +19.44% |
| 2013-12-31 | $53.47 Million | -3.54% |
| 2012-12-31 | $55.44 Million | +17.32% |
| 2011-12-31 | $47.25 Million | +24.28% |
| 2010-12-31 | $38.02 Million | +3.58% |
| 2009-12-31 | $36.71 Million | +4.70% |
| 2008-12-31 | $35.06 Million | +0.28% |
| 2007-12-31 | $34.96 Million | +14.76% |
| 2006-12-31 | $30.46 Million | +11.63% |
| 2005-12-31 | $27.29 Million | +9.94% |
| 2004-12-31 | $24.82 Million | +5.61% |
| 2003-12-31 | $23.50 Million | +8.08% |
| 2002-12-31 | $21.75 Million | +9.90% |
| 2001-12-31 | $19.79 Million | +8.46% |
| 2000-12-31 | $18.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Middlefield Banc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 719.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $109.30 Million | 51.91% |
| Common Stock | $162.00 Million | 76.94% |
| Other Comprehensive Income | $-20.07 Million | -9.53% |
| Total Equity | $210.56 Million | 100.00% |
Middlefield Banc Competitors by Market Cap
The table below lists competitors of Middlefield Banc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AG Mortgage Investment Trust Inc
NYSE:MITT
|
$242.66 Million |
|
Mader Group Limited
PINK:MADGF
|
$242.66 Million |
|
BlueSword Intelligent Technology Co. Ltd. A
SHG:688557
|
$242.73 Million |
|
Rongyu Group Co Ltd
SHE:002622
|
$242.75 Million |
|
Key Ware Electronics Co Ltd
TWO:5498
|
$242.49 Million |
|
Electrovaya Inc.
NASDAQ:ELVA
|
$242.48 Million |
|
Ld Intelligent Technology Co Ltd
SHE:300883
|
$242.47 Million |
|
Software Service, Inc.
PINK:SFSVF
|
$242.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Middlefield Banc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 205,681,000 to 210,562,000, a change of 4,881,000 (2.4%).
- Net income of 15,519,000 contributed positively to equity growth.
- Dividend payments of 6,457,000 reduced retained earnings.
- Share repurchases of 1,055,000 reduced equity.
- Other comprehensive income decreased equity by 3,983,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $15.52 Million | +7.37% |
| Dividends Paid | $6.46 Million | -3.07% |
| Share Repurchases | $1.05 Million | -0.5% |
| Other Comprehensive Income | $-3.98 Million | -1.89% |
| Other Changes | $857.00K | +0.41% |
| Total Change | $- | 2.37% |
Book Value vs Market Value Analysis
This analysis compares Middlefield Banc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.51x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $7.47 | $33.67 | x |
| 2001-12-31 | $7.71 | $33.67 | x |
| 2002-12-31 | $8.52 | $33.67 | x |
| 2003-12-31 | $8.72 | $33.67 | x |
| 2004-12-31 | $8.22 | $33.67 | x |
| 2005-12-31 | $9.09 | $33.67 | x |
| 2006-12-31 | $10.08 | $33.67 | x |
| 2007-12-31 | $11.08 | $33.67 | x |
| 2008-12-31 | $11.34 | $33.67 | x |
| 2009-12-31 | $11.86 | $33.67 | x |
| 2010-12-31 | $12.06 | $33.67 | x |
| 2011-12-31 | $14.04 | $33.67 | x |
| 2012-12-31 | $14.46 | $33.67 | x |
| 2013-12-31 | $13.21 | $33.67 | x |
| 2014-12-31 | $15.58 | $33.67 | x |
| 2015-12-31 | $15.39 | $33.67 | x |
| 2016-12-31 | $18.16 | $33.67 | x |
| 2017-12-31 | $19.68 | $33.67 | x |
| 2018-12-31 | $19.77 | $33.67 | x |
| 2019-12-31 | $21.19 | $33.67 | x |
| 2020-12-31 | $22.45 | $33.67 | x |
| 2021-12-31 | $23.40 | $33.67 | x |
| 2022-12-31 | $32.71 | $33.67 | x |
| 2023-12-31 | $25.31 | $33.67 | x |
| 2024-12-31 | $26.04 | $33.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Middlefield Banc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.37%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.31%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 8.80x
- Recent ROE (7.37%) is below the historical average (9.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.26% | 31.21% | 0.04x | 9.67x | $412.33K |
| 2001 | 11.48% | 27.99% | 0.04x | 10.00x | $291.93K |
| 2002 | 11.50% | 32.94% | 0.03x | 10.40x | $326.31K |
| 2003 | 11.91% | 37.47% | 0.03x | 11.16x | $448.22K |
| 2004 | 13.19% | 42.39% | 0.03x | 11.73x | $790.96K |
| 2005 | 13.56% | 40.78% | 0.03x | 11.40x | $972.40K |
| 2006 | 12.75% | 35.14% | 0.03x | 11.19x | $837.85K |
| 2007 | 9.65% | 12.27% | 0.06x | 12.42x | $-120.80K |
| 2008 | 7.46% | 9.25% | 0.06x | 13.34x | $-891.05K |
| 2009 | 4.85% | 6.20% | 0.05x | 15.22x | $-1.89 Million |
| 2010 | 6.62% | 7.94% | 0.05x | 16.63x | $-1.29 Million |
| 2011 | 8.74% | 13.00% | 0.05x | 13.85x | $-595.30K |
| 2012 | 11.33% | 19.81% | 0.05x | 12.09x | $737.30K |
| 2013 | 13.14% | 22.73% | 0.05x | 12.10x | $1.68 Million |
| 2014 | 11.24% | 23.11% | 0.05x | 10.61x | $793.30K |
| 2015 | 11.02% | 21.03% | 0.04x | 11.80x | $634.60K |
| 2016 | 8.34% | 18.90% | 0.04x | 10.22x | $-1.28 Million |
| 2017 | 7.89% | 19.35% | 0.04x | 9.23x | $-2.53 Million |
| 2018 | 9.69% | 22.98% | 0.04x | 9.73x | $-398.00K |
| 2019 | 9.23% | 21.41% | 0.05x | 8.58x | $-1.07 Million |
| 2020 | 5.81% | 14.24% | 0.04x | 9.68x | $-6.03 Million |
| 2021 | 12.82% | 31.27% | 0.04x | 9.16x | $4.10 Million |
| 2022 | 7.93% | 25.42% | 0.04x | 8.54x | $-4.10 Million |
| 2023 | 8.44% | 19.23% | 0.05x | 8.86x | $-3.20 Million |
| 2024 | 7.37% | 14.31% | 0.06x | 8.80x | $-5.54 Million |
Industry Comparison
This section compares Middlefield Banc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Middlefield Banc (MBCN) | $224.12 Million | 12.26% | 7.83x | $242.56 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |