For the quarter ending 2025-09-30.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Interest and fees on loans | 25,485 | - | - | - |
| Interest-earning deposits in other institutions | 299 | - | - | - |
| Federal funds sold | 192 | - | - | - |
| Taxable interest | 538 | - | - | - |
| Tax-exempt interest | 958 | - | - | - |
| Dividends on stock | 136 | - | - | - |
| Total interest and dividend income | 27,608 | - | - | - |
| Deposits | 8,972 | - | - | - |
| Short-term borrowings | 918 | - | - | - |
| Other borrowings | 153 | - | - | - |
| Total interest expense | 10,043 | - | - | - |
| Net interest income | 17,565 | 17,437 | 16,098 | 15,073 |
| Provision for (recovery of) credit losses | 392 | -506 | 95 | 2,234 |
| Net interest income after provison for (recovery of) credit losses | 17,173 | 17,943 | 16,003 | 12,839 |
| Noninterest income revenue-Deposit Account | 1,072 | - | - | - |
| Noninterest income revenue | - | - | 1,193 | 1,221 |
| Gain (loss) on equity securities | 17 | -7 | -34 | 14 |
| Earnings on bank-owned life insurance | 228 | 230 | 493 | 246 |
| Gain on sale of loans | 158 | 39 | 24 | 56 |
| Noninterest income revenue-Deposit Account | - | 1,061 | - | - |
| Revenue from investment services | 306 | 310 | 268 | 206 |
| Noninterest income revenue-Financial Service Other | - | 216 | - | - |
| Gain on exchange of real estate | 0 | -1,229 | - | - |
| Gross rental income | 0 | 0 | - | - |
| Noninterest income revenue-Financial Service Other | 543 | - | - | - |
| Total noninterest income | 2,324 | 3,078 | 1,944 | 1,743 |
| Salaries and employee benefits | 6,883 | 6,734 | 6,557 | 6,201 |
| Occupancy expense | 604 | 667 | 687 | 627 |
| Equipment expense | 249 | 248 | 225 | 203 |
| Data processing and information technology costs | 1,240 | 1,273 | 1,271 | 1,248 |
| Ohio state franchise tax | 399 | 399 | 399 | 399 |
| Federal deposit insurance expense | 267 | 267 | 267 | 255 |
| Professional fees | 700 | 521 | 598 | 539 |
| Advertising expense | 386 | 451 | 364 | 283 |
| Software amortization expense | 94 | 95 | 90 | 74 |
| Core deposit intangible amortization | 250 | 250 | 249 | 257 |
| Loss on premises and equipment held for sale | -18 | -693 | - | - |
| Gross other real estate owned expenses | 0 | 0 | - | - |
| Other noninterest expense | 2,008 | 2,053 | 1,486 | 1,785 |
| Total noninterest expense | 13,098 | 13,651 | 12,193 | 11,871 |
| Income before income taxes | 6,399 | 7,370 | 5,754 | 2,711 |
| Income taxes | 1,079 | 1,213 | 924 | 371 |
| Net income | 5,320 | 6,157 | 4,830 | 2,340 |
| Basic EPS | 0.66 | 0.76 | 0.6 | 0.29 |
| Diluted EPS | 0.65 | 0.76 | 0.6 | 0.29 |
| Basic Average Shares | 8,084,658 | 8,081,193 | 8,078,805 | 8,071,032 |
| Diluted Average Shares | 8,147,495 | 8,113,572 | 8,097,545 | 8,086,872 |
MIDDLEFIELD BANC CORP (MBCN)
MIDDLEFIELD BANC CORP (MBCN)