The Middlefield Banking Company

15985 East High Street
Middlefield, OH 44062

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13716
Date Established 1902
Assets $1.28 billion
Loans $1.00 billion
Deposits $1.04 billion
Capital $0.13 billion

The Middlefield Banking Company is an FDIC insured institution located in Middlefield, OH. It was founded in 1902 and has approximately $1.28 billion in assets. Customers can open an account at one of its 14 branches.

For a more detailed analysis of The Middlefield Banking Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1 $2,999 Learn MoreShow Less
Money Market
0.10% $3,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.65% $500 - Learn MoreShow Less
6 Mo CD
0.45% $500 - Learn MoreShow Less
12 Mo CD
1.61% $500 - Learn MoreShow Less
18 Mo CD
1.61% $500 - Learn MoreShow Less
24 Mo CD
1.61% $500 - Learn MoreShow Less
30 Mo CD
1.57% $500 - Learn MoreShow Less
36 Mo CD
1.99% $500 - Learn MoreShow Less
48 Mo CD
1.88% $500 - Learn MoreShow Less
60 Mo CD
1.98% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.62% $250 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $999 Learn MoreShow Less

Loan Rates - September 23, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for The Middlefield Banking Company

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.536% 3.500% 0.50 $1,108 $1,123 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to The Middlefield Banking Company
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Branches

The Middlefield Banking Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


The Middlefield Banking Company Locations


Financial Details

The Middlefield Banking Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Middlefield Banking Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
The Middlefield Banking Company U.S. Bank Average
7.63% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, The Middlefield Banking Company had $10,472,000 in non-current loans and $126,000 in owned real estate. To cover these potential losses it had $131,636,000 in equity and $7,206,000 in loans loss reserves. That gives it a Texas Ratio of 7.63%.

Return on Equity
The Middlefield Banking Company U.S. Bank Average
11% 9.47%

The Middlefield Banking Company has a Return on Equity of 11% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The Middlefield Banking Company U.S. Bank Average
10.28% 12.49%

The Middlefield Banking Company has a Capitalization of 10.28% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The Middlefield Banking Company Balance Sheet Analysis

As of March 31, 2019, The Middlefield Banking Company had assets of $1,280,003,000, loans of $998,508,000, and deposits of $1,042,311,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.12 billion
Interest-bearing balances $0.11 billion
Total securities $0.10 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.00 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.02 billion
All other assets $0.03 billion
     Total Assets $1.15 billion
LIABILITIES
Total deposits $1.04 billion
      Interest-bearing deposits $0.85 billion
      Deposits held in domestic offices $1.04 billion
      % insured (estimated) 68.80%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.10 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.15 billion
      Shareholders’ Equity $0.13 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in The Middlefield Banking Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Ohio, The Middlefield Banking Company has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.22
Multifamily
Mortgages
8.79
Credit Card Loans 0.08
Consumer Auto Loans 0.10
Small Business Loans 13.41
Construction and Development Loans 5.81
Commercial Real Estate 41.58
Commercial and Industrial Loans 7.94
Farm Loans 0.22

Frequently Asked Questions About The Middlefield Banking Company

Branches and Savings

Is The Middlefield Banking Company FDIC insured?

Yes. It is covered under FDIC Certificate #13716.

Why does The Middlefield Banking Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are The Middlefield Banking Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is The Middlefield Banking Company a commercial bank?

Yes

Where are The Middlefield Banking Company locations?

See branch locations nearby.

Is The Middlefield Banking Company open on Saturdays?

Is The Middlefield Banking Company open on Sundays?

What time does The Middlefield Banking Company open?

What time does The Middlefield Banking Company close?

Are The Middlefield Banking Company ATMs Open 24/7?

Do The Middlefield Banking Company ATMs accept cash deposits?

Can The Middlefield Banking Company customers use other ATMs?

Do The Middlefield Banking Company branches have notaries?

Will The Middlefield Banking Company notarize my document?

What address for The Middlefield Banking Company should I put for incoming ACH transfers?

Will the The Middlefield Banking Company branch print checks?

Do The Middlefield Banking Company checks expire?

Does The Middlefield Banking Company require US citizenship to open account?

Can The Middlefield Banking Company close my account?

Does The Middlefield Banking Company Report to credit bureaus?

Does The Middlefield Banking Company Use Equifax?

What is The Middlefield Banking Company's ACH Routing Number?

What is The Middlefield Banking Company's SWIFT code?

Products

Does The Middlefield Banking Company offer mortgages?

Compare mortgage rates here.

Does The Middlefield Banking Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Middlefield Banking Company offer personal loans?

Compare personal loan rates here.

Does The Middlefield Banking Company offer student loans?

Will The Middlefield Banking Company cash a check?

Will The Middlefield Banking Company redeem a savings bond?

Does The Middlefield Banking Company cash savings bonds?

Will The Middlefield Banking Company cash money orders?

Can The Middlefield Banking Company issue a money order?

Does The Middlefield Banking Company do currency exchange?

Background on The Bank

Who owns The Middlefield Banking Company?

How long has The Middlefield Banking Company been around?

Can The Middlefield Banking Company transfer to other banks?

Does The Middlefield Banking Company have quick pay?

Does The Middlefield Banking Company accept rolled coins?

Will The Middlefield Banking Company accept loose change?

Where is The Middlefield Banking Company headquarters?

Customer Reviews for The Middlefield Banking Company


  • May 06, 2015

    The BEST BANK for 57years straight. The personel are wonderful to work with. ANYONE that needs Money, Middlefield Bank will be there to help.

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