The Middlefield Banking Company

Overview / Commentary

www.middlefieldbank.bank

440-632-8115

15985 East High Street
Middlefield, OH 44062

The Middlefield Banking Company is headquartered in MIDDLEFIELD and is the 22^nd largest bank in the state of Ohio. It is also the 630^th largest bank in the nation. It was established in 1902 and as of December of 2023, it had grown to 256 employees at 21 locations. The Middlefield Banking Company's money market rates are 11X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q4 2023

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Health Grade Components

Overall
FDIC Certificate #	13716
Year Established	1902
Employees	256
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.17%
Return on Equity - YTD	10.25%
Annual Interest Income	$90.2MM

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$1.82B$1.68B
Loans	Q4 2023vs Q4 2022	$1.46B$1.34B
Deposits	Q4 2023vs Q4 2022	$1.43B$1.4B
Equity Capital	Q4 2023vs Q4 2022	$208.1MM$202.9MM
Loan Loss Allowance	Q4 2023vs Q4 2022	$21.7MM$14.4MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$10.9MM$7MM
Real Estate Owned	Q4 2023vs Q4 2022	$0$5.8MM

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not The Middlefield Banking Company; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

The Middlefield Banking Company Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*^†	$5k^*	-	IRA Savings
OTHER TIERS: 0.10% → $100 - $1k \| 0.20% → $1k - $2.5k \| 0.30% → $2.5k - $5k

The Middlefield Banking Company Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.75%^*	$10k^*	-	6 Month Money Market Special-New Money
OTHER TIERS: 0.15% → Up to $2.5k \| 0.30% → $2.5k - $10k
4.75%^*	$10k^*	-	Business 6 Month Money Market Special-New Money
OTHER TIERS: 0.15% → Up to $2.5k \| 0.30% → $2.5k - $10k
0.60%^*^†	$50k^*	-	Money Market Account
OTHER TIERS: 0.15% → Up to $3k \| 0.30% → $3k - $25k \| 0.50% → $25k - $50k

The Middlefield Banking Company Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	-	$25k	Smart Rewards Checking
OTHER TIERS: 0.35% → $25k+

The Middlefield Banking Company CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.06%	$500	-	11 Month CD Special-New Money
0.90%^†	$500	-	60 Month CD
0.80%^†	$500	-	48 Month CD
0.70%^†	$500	-	36 Month CD
0.65%^†	$500	-	30 Month CD
0.60%^†	$500	-	24 Month CD
0.50%^†	$500	-	18 Month CD
0.45%^†	$500	-	12 Month CD
0.25%^†	$500	-	6 Month CD
0.20%^†	$500	-	3 Month CD

The Middlefield Banking Company IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.90%^†	$250	-	60 Month IRA
0.80%^†	$250	-	48 Month IRA
0.70%^†	$250	-	36 Month IRA
0.65%^†	$250	-	30 Month IRA
0.60%^†	$250	-	24 Month IRA
0.50%^†	$250	-	18 Month IRA
0.45%^†	$250	-	12 Month IRA

Locations

Availability

Cleveland Area

Cleveland Area bank & credit union details

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