Middlefield Banc Corp. (MBCN): Business Model Canvas [Jan-2025 Mis à jour]

Niché au cœur du paysage bancaire de l'Ohio, Middlefield Banc Corp. (MBCN) apparaît comme une puissance financière dynamique qui mélange de manière transparente les banques communautaires traditionnelles avec l'innovation numérique de pointe. En fabriquant un modèle commercial unique qui priorise les relations locales, les services personnalisés et les solutions financières complètes, cette banque régionale a creusé un créneau distinctif sur un marché concurrentiel. De sa robuste infrastructure numérique à ses connexions communautaires profondément enracinées, MBCN représente une étude de cas convaincante sur la façon dont les banques régionales peuvent prospérer en comprenant et en répondant aux besoins financiers nuancés de leurs clients locaux.

Middlefield Banc Corp. (MBCN) - Modèle commercial: partenariats clés

Banques communautaires locales et institutions financières

Depuis 2024, Middlefield Banc Corp. maintient des partenariats stratégiques avec:

Type de partenaire	Nombre de partenariats	Couverture géographique
Banques communautaires locales	12	Ohio et États voisins
Institutions financières régionales	8	Région du Midwest

Réseaux d'investissement régional et de prêt

Les détails du partenariat comprennent:

• Partenariats totaux du réseau d'investissement: 6
• Valeur du réseau de prêts agrégé: 245 millions de dollars
• Durée du partenariat moyen: 3,7 ans

Fournisseurs de services technologiques pour les logiciels bancaires

Fournisseur	Services	Valeur du contrat annuel
Jack Henry & Associés	Plateforme bancaire de base	1,2 million de dollars
Finerv	Solutions bancaires numériques	$850,000

Sociétés d'assurance et de gestion de la patrimoine

Composition de partenariat:

• Partenaires totaux d'assurance: 15
• Collaborations totales de gestion de patrimoine: 9
• Volume de l'accord croisé: 78 millions de dollars

Consultants en conformité réglementaire

Zone de conformité	Cabinet de conseil	Frais de consultation annuels
Règlements bancaires	Wolters Kluwer	$425,000
Gestion des risques	Deloitte	$675,000

Middlefield Banc Corp. (MBCN) - Modèle d'entreprise: Activités clés

Services bancaires commerciaux et personnels

Au quatrième trimestre 2023, Middlefield Banc Corp. exploite 50 bureaux bancaires dans l'Ohio. Le total des actifs déclarés était de 3,32 milliards de dollars. Le revenu net des intérêts pour 2023 était de 89,4 millions de dollars.

Catégorie de service bancaire	Valeur totale du portefeuille
Comptes de chèques commerciaux	412 millions de dollars
Comptes d'épargne personnels	687 millions de dollars
Prêts commerciaux	624 millions de dollars

Prêts hypothécaires et financement immobilier

Portfolio de prêts hypothécaires au 31 décembre 2023: 1,12 milliard de dollars

• Originations hypothécaires résidentielles: 276 millions de dollars
• Prêts immobiliers commerciaux: 542 millions de dollars
• Taux d'intérêt hypothécaire moyen: 6,75%

Investissement et gestion de la patrimoine

Service d'investissement	Total des actifs sous gestion
Comptes d'investissement personnels	215 millions de dollars
Services de planification de la retraite	187 millions de dollars

Développement de la plate-forme bancaire numérique

Transactions bancaires numériques en 2023: 3,2 millions

• Utilisateurs de la banque mobile: 62% de la base client totale
• Plateforme bancaire en ligne Utilisateurs actifs: 78 000

Gestion des risques et avis financier

Réserves totales de gestion des risques: 44,2 millions de dollars

Catégorie de risque	Réserves allouées
Risque de crédit	27,6 millions de dollars
Risque opérationnel	12,4 millions de dollars
Risque de marché	4,2 millions de dollars

Middlefield Banc Corp. (MBCN) - Modèle d'entreprise: Ressources clés

Forte présence bancaire régionale dans l'Ohio

En 2024, Middlefield Banc Corp. exploite 45 bureaux bancaires dans 14 comtés du nord-est de l'Ohio.

Couverture géographique	Métrique
Total des bureaux bancaires	45
Les comtés servis	14
Région de fonctionnement primaire	Nord-est de l'Ohio

Équipe de gestion financière expérimentée

L'équipe de direction comprend des professionnels avec une moyenne de 22 ans d'expérience bancaire.

• Équipe de direction exécutive: 7 cadres supérieurs
• Tenure moyenne des services bancaires: 22 ans
• Conseil d'administration: 9 membres

Infrastructure bancaire numérique robuste

Plateformes bancaires numériques soutenant les services bancaires en ligne et mobiles.

Service numérique	Disponibilité
Utilisateurs de la banque mobile	42,500
Plateformes bancaires en ligne	Entièrement intégré
Volume de transaction numérique	1,2 million par mois

Portefeuille de prêts et de dépôts diversifiés

Portfolio financier couvrant plusieurs secteurs et segments de clients.

Segment de portefeuille	Valeur totale
Prêts totaux	1,45 milliard de dollars
Dépôts totaux	1,68 milliard de dollars
Prêts commerciaux	612 millions de dollars
Prêts hypothécaires résidentiels	425 millions de dollars

Confiance des clients et relations communautaires locales

Engagement communautaire solide et réputation du marché local.

• Investissement communautaire: 3,2 millions de dollars par an
• Partenariats commerciaux locaux: 250+
• Taux de rétention de la clientèle: 87%

Middlefield Banc Corp. (MBCN) - Modèle d'entreprise: propositions de valeur

Expérience bancaire personnalisée pour les communautés locales

Au quatrième trimestre 2023, Middlefield Banc Corp. dessert 14 comtés de l'Ohio avec 47 sites bancaires. La banque maintient un Focus de la communauté locale avec un actif total de 2,37 milliards de dollars au 31 décembre 2023.

Métriques bancaires communautaires	2023 données
Emplacements bancaires totaux	47
Les comtés servis	14
Actif total	2,37 milliards de dollars

Taux d'intérêt concurrentiels et produits financiers

Middlefield Banc Corp. propose des produits financiers compétitifs avec la structure des taux suivante:

• Taux d'intérêt du compte d'épargne personnelle: 0,50% apy
• Taux de compte du marché monétaire: 1,25% apy
• Certificat de dépôt de 12 mois: 3,75% APY
• Home Equity Line of Credit: Taux premiers - 0,50%

Services bancaires numériques et en personne complets

Les plates-formes bancaires numériques incluent des applications mobiles et des services bancaires en ligne avec les mesures d'utilisation suivantes:

Métriques bancaires numériques	2023 statistiques
Utilisateurs de la banque mobile	42,500
Transactions bancaires en ligne	1,2 million par trimestre
Taux d'ouverture du compte numérique	37%

Approche axée sur les relations des solutions financières

La banque maintient un modèle de relation centrée sur le client avec une durée moyenne de la relation client de 8,3 ans.

Prise de décision locale et traitement rapide des prêts

Métriques de traitement des prêts pour 2023:

• Temps d'approbation du prêt commercial moyen: 5 jours ouvrables
• Temps moyen d'approbation du prêt personnel: 2 jours ouvrables
• Portefeuille de prêts totaux: 1,85 milliard de dollars
• Taux de croissance du prêt net: 6,2%

Middlefield Banc Corp. (MBCN) - Modèle d'entreprise: relations clients

Service client personnalisé

En 2024, Middlefield Banc Corp. maintient 36 bureaux bancaires dans l'Ohio, offrant des interactions bancaires personnelles directes. L'équipe de service client de la banque gère en moyenne 12 845 interactions client tous les mois.

Canal de service	Interactions mensuelles moyennes	Taux de satisfaction client
Services en branche	5,672	94.3%
Support téléphonique	4,573	92.1%
Support numérique	2,600	89.7%

Banque de relations axée sur la communauté

Middlefield Banc Corp. dessert principalement les communautés locales de l'Ohio, en mettant l'accent sur les relations bancaires personnalisées.

• Total des prêts communautaires en 2023: 612,4 millions de dollars
• Portfolio de prêts commerciaux locaux: 287,6 millions de dollars
• Parrainage des événements communautaires: 42 événements locaux en 2023

Prise en charge des banques numériques et mobiles

Les plates-formes bancaires numériques fournissent des services complets en ligne et mobiles.

Métrique bancaire numérique	2024 statistiques
Utilisateurs de la banque mobile	28,375
Comptes bancaires en ligne	35,642
Taux de téléchargement de l'application mobile	7 215 nouveaux téléchargements au T1 2024

Consultation financière régulière

La banque propose des services de consultation financière structurés sur plusieurs canaux.

• Consultations financières totales en 2023: 4 876
• Durée moyenne de la consultation: 47 minutes
• Canaux de consultation: En personne, conférence vidéo, téléphone

Programmes de fidélité et prix des relations

Middlefield Banc Corp. met en œuvre des stratégies ciblées de fidélité et de tarification des relations.

Fonctionnalité du programme de fidélité	Détails
Comptes de la banque de relations	3 programmes à plusieurs niveaux avec des taux préférentiels
Avantage des taux d'intérêt moyen	0,25% - 0,75% supérieur aux taux standard
Participants du programme de fidélité totale	16 842 clients

Middlefield Banc Corp. (MBCN) - Modèle d'entreprise: canaux

Réseau de succursale bancaire physique

En 2024, Middlefield Banc Corp. exploite 46 bureaux bancaires situés principalement dans le nord-est et le centre de l'Ohio.

Type d'emplacement de la succursale	Nombre de branches
Lieux bancaires au détail	42
Centres bancaires commerciaux	4
Branches physiques totales	46

Plateforme bancaire en ligne

La plate-forme bancaire numérique offre des services complets avec les fonctionnalités suivantes:

• Surveillance du solde du compte
• Transferts de fonds
• Services de paiement de factures
• Accès aux déclarations électroniques

Application bancaire mobile

Fonctionnalité d'application mobile	Disponibilité
Dépôt de chèques mobiles	Disponible
Connexion biométrique	Soutenu
Alertes de transaction en temps réel	Activé

Services bancaires téléphoniques

Numéro de support client 24/7: Disponible pour les demandes de compte et les transactions

Réseau ATM

Détails du réseau ATM	Quantité
Emplacements totaux ATM	54
ATM en réseau	46
ATM hors réseau	8

Middlefield Banc Corp. (MBCN) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

En 2023, Middlefield Banc Corp. dessert environ 1 250 petites et moyennes entreprises de l'Ohio.

Segment d'entreprise	Nombre de clients	Taille moyenne du prêt
Fabrication	325	$750,000
Services de vente au détail	275	$450,000
Services professionnels	250	$350,000

Clients résidentiels locaux

Base de clientèle résidentielle totale: 42 500 au quatrième trimestre 2023.

• Prêts hypothécaires: 18 750 clients
• Comptes de chèques personnels: 31 200 clients
• Comptes d'épargne: 26 800 clients

Membres de la communauté agricole et rurale

Portefeuille de prêts agricoles: 185,4 millions de dollars en 2023.

Secteur agricole	Nombre de clients	Volume total de prêt
Agriculture des cultures	425	87,6 millions de dollars
Bétail	210	52,3 millions de dollars
Agro-industrie rurale	185	45,5 millions de dollars

Clients commerciaux de vente au détail et commerciaux

Segment bancaire commercial: 1 750 clients actifs en 2023.

• Prêts immobiliers commerciaux: 275,6 millions de dollars
• Prêts commerciaux et industriels: 215,3 millions de dollars
• Valeur de la relation client commerciale moyenne: 385 000 $

Individus à haute nette

Segment client à forte intensité: 850 personnes en 2023.

Support de richesse	Nombre de clients	Actifs moyens sous gestion
1 M $ - 5 M $	525	2,3 millions de dollars
5 M $ - 10 M $	215	6,7 millions de dollars
10 M $ +	110	15,4 millions de dollars

Middlefield Banc Corp. (MBCN) - Modèle d'entreprise: Structure des coûts

Dépenses de fonctionnement de la succursale

En 2022, les rapports financiers, Middlefield Banc Corp. a maintenu 50 emplacements bancaires dans l'Ohio. Les dépenses totales d'exploitation des succursales étaient de 12,4 millions de dollars par an.

Loyer et services publics

Entretien et réparations

Sécurité des succursales

Catégorie de dépenses	Coût annuel
3,6 millions de dollars
1,8 million de dollars
1,2 million de dollars

Technologie et infrastructure numérique

Les investissements technologiques ont totalisé 4,7 millions de dollars en 2022, avec des allocations spécifiques comme suit:

• Systèmes bancaires de base: 2,1 millions de dollars
• Infrastructure de cybersécurité: 1,5 million de dollars
• Plateformes bancaires numériques: 1,1 million de dollars

Salaires et avantages sociaux des employés

Les dépenses totales du personnel pour 2022 étaient de 24,3 millions de dollars.

Composant de compensation	Coût annuel
Salaires de base	18,6 millions de dollars
Avantages sociaux	3,2 millions de dollars
Contributions à la retraite	2,5 millions de dollars

Coûts de conformité réglementaire

Les dépenses de conformité pour 2022 s'élevaient à 3,9 millions de dollars.

• Services juridiques et d'audit: 2,1 millions de dollars
• Systèmes de rapports réglementaires: 1,2 million de dollars
• Formation en conformité: 600 000 $

Marketing et acquisition de clients

Les dépenses de marketing ont totalisé 2,6 millions de dollars en 2022.

Canal de marketing	Dépenses annuelles
Publicité numérique	1,1 million de dollars
Médias traditionnels	$800,000
Parrainages communautaires	$700,000

Middlefield Banc Corp. (MBCN) - Modèle d'entreprise: Strots de revenus

Intérêt des prêts

Au troisième trimestre 2023, Middlefield Banc Corp. a déclaré un revenu net d'intérêts de 22,2 millions de dollars. La répartition du portefeuille de prêts comprend:

Catégorie de prêt	Solde total	Pourcentage
Immobilier commercial	401,3 millions de dollars	42.5%
Immobilier résidentiel	312,6 millions de dollars	33.1%
Commercial & Industriel	168,4 millions de dollars	17.8%
Prêts à la consommation	62,7 millions de dollars	6.6%

Frais de service bancaire

Le revenu des frais de service pour 2022 a totalisé 6,1 millions de dollars, avec des sources de revenus clés, notamment:

• Frais de maintenance du compte
• Frais de transaction
• Frais de découvert
• Frais de transaction ATM

Revenus de prêts hypothécaires

Les prêts hypothécaires ont généré 3,8 millions de dollars de revenus pour 2022, avec un volume de création hypothécaire totale de 124,6 millions de dollars.

Frais d'investissement et de gestion de la patrimoine

Les services de gestion de patrimoine ont produit 2,5 millions de dollars de revenus de frais pour 2022, avec des actifs sous gestion atteignant 287,4 millions de dollars.

Services de gestion du Trésor

Les services de gestion de la trésorerie ont contribué 1,7 million de dollars en frais pour 2022, servant principalement des clients commerciaux de petite à moyenne taille.

Middlefield Banc Corp. (MBCN) - Canvas Business Model: Value Propositions

You're building a strategy around what Middlefield Banc Corp. actually offers its customers and stakeholders. The value proposition isn't just a list of services; it's the tangible benefit derived from their specific operational model, which centers on deep Ohio roots and personalized service.

Personalized, relationship-driven community banking service is central to Middlefield Banc Corp.'s offering. This isn't a faceless national operation; it's a local presence built over a long time. The bank operates a network of 21 full-service banking centers across Central, Western, and Northeast Ohio, serving communities from Ada to Westerville. This physical footprint supports the relationship focus, which is a core differentiator against larger, more distant institutions.

The commitment to local service directly supports Local decision-making for faster loan approvals. This localized approach is designed to foster long-term customer relationships and support regional economic well-being. The results of this model show in their lending success; total loans reached a record of approximately $1.61 billion for the nine months ended September 30, 2025, representing a 6.8% rise year-over-year. This growth is fueled by disciplined underwriting within their specific market area.

Middlefield Banc Corp. provides a Full suite of commercial, consumer, and mortgage lending products. The loan growth seen through 2025 was primarily driven by originations in residential real estate loans, home equity lines of credit, and non-owner occupied loans. Furthermore, the bank offers specialized services to enhance client relationships, including treasury management, merchant card processing, and remote deposit capture.

Clients also gain Access to wealth management and brokerage services via LPL Financial. Registered representatives offer securities and advisory services through LPL Financial LLC, a registered investment advisor and broker-dealer, while The Middlefield Banking Company provides referrals. The services available through this channel include access to common and preferred stocks, corporate and municipal bonds, mutual funds, and retirement planning.

Finally, the proposition of Stability and trust as a long-standing Ohio-based institution is quantified by its history and recent performance. The Middlefield Banking Company originated in 1901, providing over a century of operational history. This stability translates into tangible shareholder returns; for instance, $100 invested from December 31, 2011, to March 31, 2025, achieved a total return of $491, outperforming the KBW Regional Banking Index by 51.6% over that period.

Here's a quick look at the financial scale supporting these value propositions as of late 2025:

Metric	Value as of September 30, 2025 (Approx.)	Value as of March 31, 2025
Total Assets	$2.0 billion	$1.89 billion
Total Loans	$1.61 billion	$1.55 billion
Total Deposits	$1.6 billion	$1.54 billion
Net Interest Margin (NIM)	3.79% (9 Months YTD)	3.69% (Q1)
Tangible Book Value Per Share	$22.62 (As of Sept 30, 2025 YTD)	$21.29 (As of March 31, 2025)

The operational success underpinning these values is evident in the earnings performance:

• Diluted Earnings Per Share (EPS) for Q3 2025 was $0.65.
• Diluted EPS for the nine months ended September 30, 2025, reached $2.01.
• Pre-tax, pre-provision earnings increased by 37.3% year-to-date 2025.
• The quarterly cash dividend was increased by 5% earlier in 2025.
• Noninterest income for Q2 2025 was $3.1 million, up from $1.8 million the prior year.

The bank's focus on disciplined risk control is also a key value driver. For instance, the allowance for credit losses to total loans was 1.44% at March 31, 2025, showing they are well-reserved against potential credit issues.

Middlefield Banc Corp. (MBCN) - Canvas Business Model: Customer Relationships

You're running a community bank, so your customer relationships aren't just a line item; they're the whole business. For Middlefield Banc Corp. (MBCN), the relationship strategy centers on deep local presence and targeted commercial support, which clearly paid off with a year-to-date diluted EPS of $2.01 through Q3 2025.

Dedicated relationship managers for commercial clients

The focus on high-value commercial relationships is evident in the growth metrics. Middlefield Banc Corp. has been actively working on improving its mix of commercial and industrial loans, which were the biggest drivers of loan growth since September 2024. This focus requires dedicated, high-touch service, which is the hallmark of a relationship-driven commercial banking approach. The results show this strategy is working, with commercial and industrial loans increasing by 26.4% year-over-year. This kind of growth doesn't happen with automated emails; it requires dedicated bankers who know the local market.

High-touch, in-person service at branch locations

The physical footprint is central to the high-touch model. As of September 30, 2025, Middlefield Banc Corp. operated 21 full-service banking centers and an LPL Financial® brokerage office across its Ohio markets. This network supports the community banking model that President and CEO Ronald L. Zimmerly, Jr. emphasized as a core strength. The bank also operates a Loan Production Office in Mentor, Ohio. This physical presence is the bedrock for the in-person service that builds trust with individuals and small businesses in Central, Western, and Northeast Ohio.

Automated digital self-service for routine transactions

While the core is high-touch, the infrastructure supports efficiency. Middlefield Banc Corp. made significant upgrades to its infrastructure in Q1 2025 to support its multi-year technology roadmap. This investment helps ensure that routine transactions can be handled efficiently through digital channels, freeing up branch staff to focus on complex, relationship-building activities like commercial lending and wealth management. Total wealth management Assets Under Care at September 30, 2025, stood at $4.6 billion.

Community engagement and local event sponsorship

The commitment to community is a stated core value, which translates directly into customer loyalty in the local markets they serve. The bank's strategy is to be the largest independent community bank in its region, which requires deep local integration. This commitment is reflected in the bank's overall performance, with total assets reaching a record $1.98 billion as of September 30, 2025.

The scale of the combined entity post-merger shows the increased capacity to support the region:

Metric	Middlefield Banc Corp. (As of 9/30/2025)	Pro-forma with FMNB (Estimated)
Total Assets	$1.98 billion	$7.4 billion
Total Deposits	$1.6 billion	$6.1 billion
Branch Locations	21 full-service centers	83 locations

Direct communication regarding the FMNB merger

The most significant recent relationship event was the announcement of the definitive merger agreement with Farmers National Banc Corp. (FMNB) on October 22, 2025. This was communicated directly to shareholders and the public via a joint media release. The transaction, valued at approximately $299.0 million, or $36.17 per Middlefield share based on the October 20, 2025, closing price, involves an all-stock exchange where each Middlefield share converts into 2.6 shares of Farmers common stock. The communication strategy included hosting a conference call on October 22, 2025, at 9:00 a.m. ET, for participants to discuss the acquisition. The expected closing date is the end of the first quarter of 2026.

The customer relationship strategy going forward will be managed through the lens of integration, which Farmers National Banc Corp. has a track record of executing, having completed six bank acquisitions in the last 10 years.

• The merger is expected to close by the end of the first quarter of 2026.
• Farmers intends to appoint two Middlefield directors to the combined Farmers' Board of Directors.
• The transaction is subject to receipt of Middlefield and Farmers shareholder approvals and customary regulatory approvals.

Finance: finalize the pro-forma organizational chart for customer-facing roles by end of January 2026.

Middlefield Banc Corp. (MBCN) - Canvas Business Model: Channels

You're looking at how Middlefield Banc Corp. gets its value proposition-community-focused banking-to its customers across Ohio. The channel strategy clearly balances a strong physical presence with necessary digital tools, all aimed at supporting their reported 6.8% year-over-year total loan growth to a record $1.61 billion as of September 30, 2025.

The physical network is the bedrock of Middlefield Banc Corp.'s channel strategy, ensuring deep community penetration throughout Central, Western, and Northeast Ohio. As of the nine months ended September 30, 2025, the company maintained a significant brick-and-mortar footprint.

Channel Component	Quantity/Detail	Key Metric Context (as of 9/30/2025)
Full-Service Branch Locations	21	Total Assets: $1.98 billion
LPL Financial® Brokerage Office	1	Total Loans: $1.61 billion
Loan Production Office (LPO)	1 (Mentor, Ohio)	Commercial & Industrial Loans grew 26.4% Y/Y

The 21 full-service banking centers are strategically placed to serve specific Ohio communities. This physical reach is critical for relationship-driven business, which is showing up in the loan book.

• Ada Office
• Beachwood Office
• Bellefontaine North Office
• Bellefontaine South Office
• Chardon Office
• Cortland Office
• Dublin Office
• Garrettsville Office
• Kenton Office
• Mantua Office
• Marysville Office
• Middlefield - Main Branch Office
• Middlefield - West Branch Office
• Newbury Office
• Orwell Office
• Plain City Office
• Powell Office
• Solon Office
• Sunbury Office
• Twinsburg Office
• Westerville Office (Relocation on track for Q4 2025)

For digital access, Middlefield Banc Corp. relies on its online and mobile banking platforms. While specific user adoption rates aren't public, the focus on infrastructure investment suggests these platforms are key to modern service delivery. The availability of customer support for these channels is listed as weekdays from 8 am-6 pm and Saturday from 8 am-1 pm, reachable at 888.801.1666.

The Loan Production Office (LPO) in Mentor, Ohio, is explicitly noted as a channel for commercial growth. This specialized office supports the broader strategy that resulted in commercial and industrial loans increasing by 26.4% year-over-year as of September 30, 2025. This targeted physical presence complements the hiring of new commercial relationship managers announced in July 2025, which directly feeds this channel.

Regarding the direct sales force for commercial and wealth management, the channel is supported by personnel additions focused on relationship management across Northeast and Central Ohio. For example, a Northeast Ohio Commercial Market Executive was appointed to oversee commercial growth strategy and relationship management across that footprint. This human capital deployment is a direct channel for high-value services, underpinning the loan growth figures.

Access to cash and basic transactions is facilitated through the ATM network access, which is integrated with the 21 branch locations. The company also operates an LPL Financial® brokerage office, which acts as an additional, specialized channel for investment and wealth services alongside the main banking centers.

Middlefield Banc Corp. (MBCN) - Canvas Business Model: Customer Segments

You're looking at the core clientele Middlefield Banc Corp. serves across its Ohio footprint as of late 2025. The bank's strategy is deeply rooted in its local presence, operating 21 full-service banking centers across Central, Western, and Northeast Ohio markets.

The overall scale of the customer base can be inferred from the balance sheet as of September 30, 2025, where Middlefield Banc Corp. held total deposits of $1.6 billion, supporting total loans of $1.61 billion.

Small-to-medium sized businesses (SMBs) in Northeast and Central Ohio

This segment is a primary driver of loan growth, with the company focusing on originating commercial and industrial loans. The strategic focus on growing commercial and industrial loans contributed to a 6.8% rise in total loans, reaching $1.61 billion for the nine months ended September 30, 2025. The bank emphasizes lending within its market area and a conservative underwriting philosophy. The Commercial Real Estate (CRE) portfolio, a key component of commercial lending, was valued at $687.8 million as of March 31, 2025. This CRE portfolio is segmented to serve business needs:

CRE Loan Category	Percentage of CRE Portfolio (as of March 31, 2025)
Non-Owner Occupied	60%
Owner Occupied	27%
Multifamily	13%

Retail consumers and households in local branch markets

Retail customers provide the foundational deposit base. As of June 30, 2025, noninterest-bearing demand deposits-often associated with transactional consumer and small business accounts-represented 24.2% of total deposits. The overall deposit base was $1.59 billion at June 30, 2025. Consumer lending is supported by residential real estate loans and home equity lines of credit, which were noted as drivers of loan growth in the first quarter of 2025. The bank operates its retail services through its network of 21 full-service banking centers.

• The bank's footprint includes markets in counties with above average median household income and median value of owner-occupied housing.
• The quarterly cash dividend was increased by 5% to $0.21 per share beginning in the first quarter of 2025.

Commercial real estate investors and developers

This group is served through the CRE loan segment, which includes both owner-occupied and non-owner occupied properties. The total CRE portfolio was $687.8 million at March 31, 2025. The composition shows a heavy weighting toward investment properties, with Non-Owner Occupied loans making up 60% of that portfolio. Furthermore, 74.2% of the CRE portfolio was variable rate as of March 31, 2025.

High-net-worth individuals utilizing wealth management services

Middlefield Banc Corp. offers investment services through an LPL Financial® brokerage office. While the bank has subsidiaries like Middlefield Investments, Inc. to manage an investment portfolio, specific assets under care or client numbers for the wealth management division were not explicitly detailed in the latest public reports available through September 2025.

The bank's focus is on enhancing delivery in both personal and commercial channels. The diluted earnings per share for the first nine months of 2025 reached $2.01.

Middlefield Banc Corp. (MBCN) - Canvas Business Model: Cost Structure

You're looking at the cost side of Middlefield Banc Corp.'s operations as of late 2025, right before the planned merger closes in Q1 2026. For a bank, the cost structure is dominated by funding costs-what it pays for the money it lends out-and the operational expenses to run the physical and digital footprint.

The funding cost anchor here is the liability side of the balance sheet. As of September 30, 2025, Middlefield Banc Corp. held total deposits of approximately $1.6 billion. The Interest expense on $1.6 billion in deposits is the single largest variable cost, though the six-month period ending June 30, 2025, showed net interest income growth, partly due to a decline in rates for deposits.

For the core operating expenses, which cover personnel, occupancy, and technology, the reported figures give us a good look at the run rate before the Farmers National Banc Corp. acquisition. For the six months ended June 30, 2025, the total noninterest expense was $25.8 million. This figure bundles the costs you are asking about.

Here's a snapshot of the key cost drivers and scale metrics we can confirm:

Cost Component Proxy/Metric	Latest Available Financial Data (2025)
Total Deposits (Basis for Interest Expense)	$1.6 billion (as of 9/30/2025)
Total Noninterest Expense (H1 2025 Proxy)	$25.8 million (for six months ended 6/30/2025)
Branch Network Footprint (Pre-Merger)	21 full-service banking centers
Transaction Value of Pending Merger	$299.0 million (All-stock deal value)

Breaking down those operating costs is tough without the full 10-Q, but we know the physical structure that drives occupancy and personnel costs. Middlefield Banc Corp. operates its network across Ohio through:

• 21 full-service banking centers.
• One LPL Financial® brokerage office.
• One Loan Production Office in Mentor, Ohio.

The personnel costs, which include salaries and benefits, are directly tied to staffing these locations plus the corporate overhead. While the exact salary expense isn't isolated, the total noninterest expense of $13.7 million in the second quarter of 2025 covers all staff, rent, utilities, and tech upgrades. Speaking of tech, the company noted significant infrastructure upgrades during the first quarter of 2025 as part of its multi-year technology road map. These regulatory compliance and technology infrastructure expenses are baked into that quarterly spend.

Finally, regarding the merger, the transaction itself carries costs that are separate from ongoing operations. The definitive agreement to merge with Farmers National Banc Corp. is valued at $299.0 million. While the specific legal and financial advisory fees paid by Middlefield Banc Corp. aren't itemized here, these one-time costs are a definite drain on capital leading up to the expected closing in the first quarter of 2026. The deal structure itself is an all-stock transaction.

Finance: draft the projected interest expense for Q4 2025 based on the $1.6 billion deposit base by next Tuesday.

Middlefield Banc Corp. (MBCN) - Canvas Business Model: Revenue Streams

You're looking at the core ways Middlefield Banc Corp. brings in money as of late 2025. For a community bank, the lion's share of revenue comes from the difference between what they earn on loans and what they pay out on deposits-that's the Net Interest Income (NII).

The loan portfolio is definitely growing, which fuels that primary income stream. As of September 30, 2025, Middlefield Banc Corp. reported total loans stood at approximately $1.6 billion. This growth supports the NII performance we saw earlier in the year.

For the first six months of 2025, the NII was $33.5 million, showing an 11.6% increase from the prior year period. The net interest margin (NIM) for the second quarter of 2025 expanded to 3.88%. That's a solid margin expansion, showing disciplined pricing management.

The secondary revenue source is Non-interest income. For the six months ended June 30, 2025, this totaled $5.0 million. It's important to note that this aggregate figure for Q2 2025 was boosted by a one-time event: a net gain of $1.2 million from the exchange of real estate related to the Westerville, Ohio branch relocation. This means the recurring fee and service income was lower than the total reported non-interest income for the quarter.

Here's a breakdown of the key revenue components based on the latest available reporting periods and structure:

Revenue Stream Component	Latest Reported Amount	Reporting Period/Balance Date
Net Interest Income (NII)	$33.5 million	Six Months Ended June 30, 2025
Total Loans (Basis for NII)	$1.6 billion	September 30, 2025
Total Non-interest Income	$5.0 million	Six Months Ended June 30, 2025
Investment Securities (Balance)	$165.0 million	March 31, 2025

To get a clearer picture of the fee-based revenue, you have to look closer at the components that make up that total non-interest income. While the specific 2025 breakdown isn't publically detailed in the latest reports, we know the categories Middlefield Banc Corp. relies on:

• Net interest income from the loan portfolio.
• Non-interest income from service charges and fees.
• Wealth management and brokerage fees (via LPL Financial).
• Mortgage origination and servicing fees.
• Investment securities income from the balance sheet.

For context on service charges, the first quarter of 2024 saw service charges on deposit accounts at $909,000 for the three-month period. The wealth management and mortgage components are embedded within the aggregate non-interest income, which was $3.1 million in Q2 2025 alone, excluding the real estate gain. The investment securities portfolio balance was $165.0 million as of March 31, 2025, but the specific income generated from holding these assets isn't itemized separately in the high-level summaries. Honestly, for a community bank like Middlefield Banc Corp., NII is the engine, and fees are the necessary turbocharger.