MIDDLEFIELD BANC: Www.Middlefieldbank.Bank Annual Supplemental Data

The following excerpt is from the company's SEC filing.

Annual Financial Summary www.middlefieldbank.bank Dollars in thousands   2012   2013 2014 2015 2016 2017* Net interest income $ 22,299 $ 22,928 $ 23,804 $ 24,775 $ 25,804 $ 37,348 Provision for loan losses 2,168 196 370 315 570 1,045 Noninterest income 3,451 3,145 3,588 4,044 3,959 4,859 Noninterest expense 15,639 16,870 17,850 20,077 20,872 27,485 Income before income taxes 7,943 9,007 9,172 8,427 8,321 13,677 Income taxes 1,662 1,979 1,992 1,562 1,905 4,222 Net income $ 6,281 $ 7,028 $ 7,180 $ 6,865 $ 6,416 $ 9,455 Net interest margin 3.74% 3.85% 3.93% 3.94% 3.79% 3.82% Total assets $ 670,288 $ 647,090 $ 677,531 $ 735,139 $ 787,821 $1,106,336 Loans outstanding, net $ 400,654 $ 428,679 $ 463,738 $ 527,325 $ 602,542 $ 916,023 Deposits $ 593,335 $ 568,836 $ 586,112 $ 624,447 $ 629,934 $ 878,194 Equity capital $ 55,437 $ 53,473 $ 63,867 $ 62,304 $ 76,960 $ 119,863 Earnings per share $ 3.29 $ 3.48 $ 3.52 $ 3.41 $ 3.04 $ 3.12 Cash dividend (per share) $ 1.04 $ 1.04 $ 1.04 $ 1.07 $ 1.08 $ 1.08 Dividend pay-out ratio 31.87% 29.84% 29.54% 30.90% 36.13% 35.52% Return on average assets 0.95% 1.06% 1.07% 0.97% 0.85% 0.88% Return on average equity 11.98% 13.17% 12.17% 10.62% 9.33% 8.52% Return on tangible common equity 13.15% 14.42% 13.21% 11.44% 10.01% 10.15% * 2017’s net income includes: $1.1 million of merger related expenses $547 thousand in the write down of the company’s deferred tax asset

Excellent Asset Quality and Capital Levels www.middlefieldbank.bank Strong reserve coverage provides flexibility in managing potential losses with reduced impact on net income 2012 2013 2014 2015 2016 2017 Nonperforming Loans $14,224 $12,290 $9,048 $10,263 $12,043 $13,415 Real Estate Owned 1,846 2,698 2,590 1,412 934 212 Nonperforming Assets $16,070 $14,988 $11,638 $11,675 $12,977 $13,627 Nonperforming Assets/ Total Assets (%) 2.40% 2.32% 1.72% 1.59% 1.65% 1.23% Allowance for Loan Losses $7,779 $7,046 $6,846 $6,385 $6,598 $7,190 Allowance/Total Loans (%) 1.90% 1.62% 1.45% 1.20% 1.08% 0.78% Net Charge-off Ratio (%) 0.30% 0.22% 0.13% 0.16% 0.06% 0.05%

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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