Middlefield Banc Corp. (MBCN)

Middlefield Banc Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	91.29	81.96	48.51	47.9	49	50.39
Interest Income on Investments	8.63	8.34	6.39	4.44	3.64	4.14
Total Interest Income	99.91	90.3	54.91	52.34	52.64	54.53
Interest Paid on Deposits	31.2	19	4.02	3.91	8.96	12.41
Interest Paid on Borrowings	8.21	6.1	0.71	0.28	0.29	0.73
Total Interest Expense	39.41	25.1	4.73	4.2	9.25	13.14
Net Interest Income	60.5	65.2	50.18	48.14	43.39	41.39
Net Interest Income Growth (YoY)	-5.34%	29.95%	4.23%	10.95%	4.84%	2.32%
Gain (Loss) on Sale of Investments	-0.07	-0.16	-0.17	0.21	-0.1	0.29
Other Non-Interest Income	3.15	3.05	3.05	2.33	2.07	1.93
Total Non-Interest Income	6.9	6.69	6.75	7.21	5.99	4.84
Non-Interest Income Growth (YoY)	-8.00%	-0.82%	-6.38%	20.30%	23.73%	29.86%
Revenues Before Loan Losses	67.4	71.89	56.92	55.35	49.38	46.23
Provision for Loan Losses	2.74	3	-	0.7	9.84	0.89
Revenue	64.66	68.89	56.92	54.65	39.54	45.34
Revenue Growth (YoY)	-6.23%	21.03%	4.17%	38.21%	-12.79%	4.62%
Salaries and Employee Benefits	24.51	24.14	17.24	16.67	15.69	16.14
Federal Deposit Insurance	1.05	0.86	0.33	0.49	0.42	0.23
Amortization of Goodwill & Intangibles	1.18	1.15	0.52	0.68	0.68	0.98
Selling, General & Administrative	12.75	12.72	9.65	9.38	8.32	8.47
Other Non-Interest Expense	8.21	8.29	6.01	4.71	4.85	4.34
Total Non-Interest Expense	47.91	47.66	35.65	31.95	29.79	30.03
EBT Excluding Unusual Items	16.75	21.23	21.28	22.7	9.75	15.3
Pretax Income	16.75	20.76	18.89	22.7	9.75	15.3
Income Tax Expense	2.54	3.39	3.22	4.07	1.4	2.59
Net Income	14.21	17.37	15.67	18.63	8.35	12.71
Net Income to Common	14.21	17.37	15.67	18.63	8.35	12.71
Net Income Growth	-17.97%	10.81%	-15.89%	123.18%	-34.32%	2.25%
Basic Shares Outstanding	8	8	6	6	6	6
Diluted Shares Outstanding	8	8	6	6	6	7
Shares Change (YoY)	4.76%	34.44%	-2.68%	-3.02%	-1.51%	0.23%
EPS (Basic)	1.76	2.14	2.60	3.01	1.31	1.96
EPS (Diluted)	1.76	2.14	2.59	3.00	1.30	1.95
EPS Growth	-21.18%	-17.37%	-13.67%	130.77%	-33.33%	2.09%
Dividend Per Share	0.800	0.800	0.710	0.650	0.600	0.570
Dividend Growth	0%	12.68%	9.23%	8.33%	5.26%	1.79%
Effective Tax Rate	15.16%	16.32%	17.04%	17.91%	14.37%	16.94%

Source: S&P Capital IQ. Banks template. Financial Sources.