Middlefield Banc Corp. Financial Ratios — MBCN Stock

Profitability (USD)

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Return on Common Equity (%)	16.34	12.65	11.83	11.79	11	9.7	7.89	8.53	9.07	8.66	5.42	11.38	7.35	6.72	5.82
Return on Assets (%)	0.42	0.64	0.95	1.07	1.08	0.97	0.84	1	1.06	1.05	0.65	1.37	1.04	0.99	0.84
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.56	3.16	3.68	3.47	3.88	3.52	3.58	4.93	4.32	4.37	4.1	3.79	0.25	1.45	1.7
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	11.69	20.44	31.45	35.1	33.96	29.24	27.96	32.4	33.03	33.1	19.75	40.98	33.19	28.87	27.02
Profit Margin (%)	12.12	17.86	24.87	27.39	26.59	23.82	21.56	22.4	28.14	27.5	16.91	33.64	27.53	24.16	22.86
Net Income to Common Margin (%)	12.12	17.86	24.87	27.39	26.59	23.82	21.56	22.4	28.14	27.5	16.91	33.64	27.53	24.16	22.86
Effective Tax Rate (%)	- -	12.61	20.92	21.97	21.72	18.54	22.89	30.87	14.82	16.94	14.37	17.91	17.04	16.32	15.4
Dvd Payout Ratio (%)	65.04	42.71	31.87	29.84	29.54	31.36	36.13	35.52	30.4	28.99	45.92	22.76	35.03	39.52	41.61
Sustainable Growth Rate (%)	5.71	7.25	8.06	8.27	7.75	6.66	5.04	5.5	6.31	6.15	2.93	8.79	4.78	4.06	3.4

Credit (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Total Debt	27	24	20	22	25	46	78	99	99	19	14	14	78	175	184
ST Debt	8	7	7	11	15	36	68	70	90	5	- -	- -	65	163	172
LT Debt	19	17	13	12	11	10	9	29	9	14	14	14	13	12	12
Total Debt/EBITDA	36.42	33.14	21	25.16	24.24	45.18	72.98	47.65	51.78	9.24	6.83	6.56	547.76	167.17	159.64
Net Debt/EBITDA	22.27	11.62	-15.13	1.67	4.37	23.04	43.53	28.47	-4.79	-10.63	-41.79	-42.3	153.83	109.8	116.75
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.51	7.55	8.47	9.65	10.04	9.99	11.33	11.96	11.37	12.83	11.24	12.86	15.12	14.35	14.64
Long-Term Debt/Equity (%)	50.82	35.62	23.4	21.71	16.63	15.95	12.26	24.25	6.86	9.91	9.62	9.48	6.47	5.77	5.54
Long-Term Debt/Capital (%)	45.15	22.85	17	13.68	11.36	8.34	5.65	12.56	3.66	8.02	8.12	7.45	3.84	2.72	2.56
Long-Term Debt/Total Assets (%)	3.06	2.57	1.93	1.79	1.57	1.35	1.2	2.63	0.71	1.15	0.99	1.04	0.76	0.65	0.63
Total Debt/Equity (%)	70.89	51.26	35.19	41.92	39.82	73.45	101.09	82.65	77.02	13.54	9.62	9.48	39.35	85.02	87.41
Total Debt/Capital (%)	62.98	32.88	25.57	26.42	27.2	38.4	46.56	42.82	41.04	10.95	8.12	7.45	23.36	40.06	40.42
Total Debt/Total Assets (%)	4.26	3.7	2.91	3.46	3.75	6.23	9.87	8.95	7.91	1.58	0.99	1.04	4.61	9.59	9.93
Net Debt to Equity	43.34	17.97	-25.36	2.79	7.18	37.47	60.29	49.37	-7.12	-15.58	-58.85	-61.19	11.05	55.84	63.93
Net Debt/Capital (%)	50.99	14.66	-32.91	2.33	6.31	24.12	34.2	30.91	-6.87	-15.87	-109.3	-101.39	7.76	30.22	32.89
EBITDA	1	1	1	1	1	1	1	2	2	2	2	2	- -	1	1
EBITDA-CapEx	- -	- -	- -	-1	- -	1	-1	1	- -	- -	1	1	-1	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.51	7.55	8.47	9.65	10.04	9.99	11.33	11.96	11.37	12.83	11.24	12.86	15.12	14.35	14.64
Long-Term Debt/Equity (%)	50.82	35.62	23.4	21.71	16.63	15.95	12.26	24.25	6.86	9.91	9.62	9.48	6.47	5.77	5.54
Long-Term Debt/Capital (%)	45.15	22.85	17	13.68	11.36	8.34	5.65	12.56	3.66	8.02	8.12	7.45	3.84	2.72	2.56
Long-Term Debt/Total Assets (%)	3.06	2.57	1.93	1.79	1.57	1.35	1.2	2.63	0.71	1.15	0.99	1.04	0.76	0.65	0.63
Total Debt/Equity (%)	70.89	51.26	35.19	41.92	39.82	73.45	101.09	82.65	77.02	13.54	9.62	9.48	39.35	85.02	87.41
Total Debt/Capital (%)	62.98	32.88	25.57	26.42	27.2	38.4	46.56	42.82	41.04	10.95	8.12	7.45	23.36	40.06	40.42
Total Debt/Total Assets (%)	4.26	3.7	2.91	3.46	3.75	6.23	9.87	8.95	7.91	1.58	0.99	1.04	4.61	9.59	9.93
CFO/Total Liabilities	0.97	1.51	1.67	1.67	1.22	1.07	1.1	1.41	1.27	1.29	1.21	1.3	1.23	1.38	1.06
CFO/CapEx	17.54	15.69	10.31	5.4	8.27	14.17	3.6	11.59	6.8	7.09	14	25.49	20.69	20.4	22.51
Altman's Z-Score	0.09	0.09	0.12	0.14	0.16	0.16	0.17	0.17	0.16	0.2	0.17	0.2	0.18	0.21	0.2

Working Capital (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Accounts Receivable Turnover	1.71	2.05	2.86	5.73	24.59	23.36	19.9	20.12	16.3	16.64	13.96	15.44	15.92	14.69	24.88
Days Sales Outstanding	213.23	178.44	127.66	63.73	14.84	15.62	18.34	18.14	22.39	21.94	26.15	23.64	22.93	24.85	14.67
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Market Capitalization	18	19	34	38	51	50	65	119	115	145	127	140	155	254	227
- Cash & Cash Equivalents	10	16	34	21	21	22	31	40	108	35	93	97	51	56	46
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	27	24	20	22	25	46	78	99	99	19	14	14	78	175	184
Enterprise Value	34	-166	-175	-118	-98	-73	-3	83	7	23	-66	-114	17	202	199
Total Capital	43	74	76	85	93	119	167	231	241	170	170	185	333	436	455
Total Debt/Capital (%)	62.98	32.88	25.57	26.42	27.2	38.4	46.56	42.82	41.04	10.95	8.12	7.45	23.36	40.06	40.42
Total Debt / EV	0.79	-0.15	-0.11	-0.19	-0.26	-0.63	-27.78	1.19	13.34	0.82	-0.21	-0.12	4.7	0.87	0.93
EV/Sales	1.64	- -	- -	- -	- -	- -	- -	1.97	0.17	0.49	- -	- -	0.29	2.81	2.93
EV/EBITDA	45.94	- -	- -	- -	- -	- -	- -	40.1	3.88	11.34	- -	- -	116.54	193.01	172.36
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	5.93	- -	- -	- -	- -	- -	- -	5.99	0.52	1.7	- -	- -	0.9	9.03	11.38
EV/Free Cash Flow to Firm	5.61	- -	- -	- -	- -	- -	- -	5.51	0.45	1.49	- -	- -	0.86	8.61	10.89
Diluted Market Cap	18	19	34	38	52	51	66	120	115	146	127	140	156	255	227
Diluted Enterprise Value	34	28	20	40	56	74	112	179	106	129	48	57	182	373	365
EV per Share	10.79	- -	- -	- -	- -	- -	- -	13.76	1.15	3.54	- -	- -	2.75	24.91	24.61
TTM Sales	21	23	25	26	27	29	30	42	44	46	49	55	57	72	68
TTM EBITDA	1	1	1	1	1	1	1	2	2	2	2	2	- -	1	1
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	6	9	10	10	7	7	8	14	14	13	15	15	18	22	17
TTM Free Cash Flow to Firm	6	10	11	12	8	8	10	15	16	15	16	16	19	23	18

Multiples (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Price/Free Cash Flow	2.89	1.98	2.98	3.24	6.17	6.6	6.57	7.94	7.04	9.49	7.86	8.76	8.12	10.87	12.43
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	34	-166	-175	-118	-98	-73	-3	83	7	23	-66	-114	17	202	199
Low Price	8.13	8.07	8.5	12.43	12.88	13.69	15.6	19.2	19.25	19.4	12	18.64	23.65	22.09	20.61
EV/Sales	1.64	- -	- -	- -	- -	- -	- -	1.97	0.17	0.49	- -	- -	0.29	2.81	2.93
EV/EBITDA	45.94	- -	- -	- -	- -	- -	- -	40.1	3.88	11.34	- -	- -	116.54	193.01	172.36
Price/Earnings	6.96	4.66	5.35	5.39	7.15	7.36	10.16	12.63	9.24	11.41	15.22	7.5	9.9	14.64	14.6
Price/Earnings Average	7.36	4.57	4.5	5.72	6.23	7.22	8.64	11.8	10.5	9.57	13.41	7.01	9.4	12.25	13.34
Price/Earnings High	15.42	7.74	8.21	9.54	10.2	10.22	12.81	17.49	14.26	14.66	21.19	9.22	11.77	17.26	17.69
Price/Earnings Low	10.18	6.58	5.17	7.13	7.32	8.04	10.25	12.3	10	9.88	9.17	6.19	9.09	10.31	10.72
Price/Book Value	1.11	0.39	0.59	0.61	0.75	0.69	0.73	0.9	0.81	0.96	0.81	0.82	0.61	0.97	0.83
Price/Book Value Average	1.17	0.38	0.5	0.64	0.66	0.68	0.62	0.84	0.92	0.8	0.72	0.76	0.58	0.81	0.76
Price/Book Value High	2.45	0.65	0.91	1.07	1.08	0.96	0.92	1.25	1.25	1.23	1.13	1	0.72	1.15	1.01
Price/Book Value Low	1.62	0.55	0.57	0.8	0.77	0.75	0.74	0.88	0.88	0.83	0.49	0.67	0.56	0.68	0.61
Price/Tangible Book Value	0.52	0.45	0.66	0.78	0.87	0.88	0.9	1.17	1.04	1.2	1	1.09	0.98	1.56	1.34
Price/Tangible Book Value Average	0.55	0.44	0.56	0.82	0.76	0.86	0.77	1.09	1.18	1.01	0.88	1.01	0.93	1.31	1.23
Price/Tangible Book Value High	1.16	0.75	1.02	1.38	1.24	1.22	1.14	1.62	1.6	1.54	1.39	1.33	1.17	1.84	1.63
Price/Tangible Book Value Low	0.77	0.64	0.64	1.03	0.89	0.96	0.91	1.14	1.12	1.04	0.6	0.89	0.9	1.1	0.99
Price/Sales	0.84	0.83	1.33	1.48	1.9	1.75	2.19	2.83	2.6	3.14	2.57	2.52	2.73	3.54	3.34
Price/Sales Average	0.89	0.82	1.12	1.57	1.66	1.72	1.86	2.64	2.95	2.63	2.27	2.36	2.59	2.96	3.05
Price/Sales High	1.87	1.38	2.04	2.61	2.71	2.43	2.76	3.92	4.01	4.03	3.58	3.1	3.24	4.17	4.04
Price/Sales Low	1.23	1.18	1.29	1.95	1.95	1.91	2.21	2.76	2.81	2.72	1.55	2.08	2.5	2.49	2.45
Price/Cash Flow	3.05	2.11	3.27	3.83	6.89	7.03	8.35	8.58	8.04	10.78	8.43	9.07	8.48	11.37	12.97
Price/Cash Flow Average	3.23	2.06	2.75	4.06	5.99	6.9	7.1	8.02	9.14	9.04	7.42	8.47	8.05	9.52	11.85
Price/Cash Flow High	6.77	3.5	5.01	6.78	9.82	9.77	10.54	11.88	12.42	13.85	11.73	11.14	10.09	13.41	15.72
Price/Cash Flow Low	4.47	2.97	3.16	5.07	7.05	7.68	8.43	8.36	8.71	9.33	5.08	7.48	7.79	8.01	9.53
Price/Free Cash Flow Average	3.06	1.94	2.51	3.44	5.37	6.48	5.59	7.42	8	7.96	6.93	8.18	7.71	9.1	11.36
Price/Free Cash Flow High	6.41	3.29	4.58	5.74	8.79	9.17	8.29	11	10.87	12.2	10.95	10.76	9.65	12.82	15.07
Price/Free Cash Flow Low	4.23	2.79	2.89	4.29	6.31	7.21	6.63	7.73	7.62	8.22	4.74	7.22	7.46	7.65	9.13
EV/Sales Average	1.68	1.18	0.56	1.62	1.83	2.53	3.42	4.05	2.75	2.27	0.67	0.85	3.05	4.61	5.08
EV/Sales High	2.66	1.75	1.48	2.67	2.88	3.24	4.32	5.32	3.81	3.68	1.98	1.6	3.71	5.82	6.08
EV/Sales Low	2.03	1.54	0.73	2.01	2.12	2.72	3.77	4.16	2.61	2.36	- -	0.58	2.97	4.14	4.48
EV/EBITDA Average	47.29	37.41	15.31	46.76	46.99	71.97	95.52	82.13	63.6	52.11	16.27	22.44	1,223.02	316.65	299.25
EV/EBITDA High	74.72	55.36	40.35	76.96	74.16	92.3	120.64	108.01	88.15	84.19	48.32	42.06	1,485.41	399.89	357.83
EV/EBITDA Low	56.88	48.78	19.85	57.95	54.51	77.51	105.22	84.41	60.39	54.05	-1.23	15.19	1,189.57	284.38	264.05
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	5.56	5.72	8.78	9.39	12.58	12.53	15.46	19.72	17.78	22.42	19.92	22.6	25.74	31.37	28.05
High Price	12.32	9.5	13.48	16.63	17.93	17.41	19.5	27.3	27.45	28.8	27.73	27.77	30.62	37	34
Enterprise Value Average	35	27	14	42	49	73	102	171	121	105	33	47	174	331	345
Enterprise Value High	55	40	37	69	78	94	129	225	168	170	98	88	211	418	413
Enterprise Value Low	42	36	18	52	57	79	112	175	115	109	-2	32	169	297	304

Shares Outstanding	3	4	4	4	4	4	5	6	6	6	6	6	8	8	8
Diluted Weighted Avg Shares	3	3	4	4	4	4	4	6	6	7	6	6	6	8	8
Basic Weighted Avg Shares	3	3	4	4	4	4	4	6	6	6	6	6	6	8	8
Revenue per Share	6.59	6.87	6.6	6.36	6.61	7.15	7.06	6.97	6.84	7.14	7.74	8.95	9.44	8.87	8.41
EBITDA per Share	0.23	0.22	0.24	0.22	0.26	0.25	0.25	0.34	0.3	0.31	0.32	0.34	0.02	0.13	0.14
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.8	1.23	1.64	1.74	1.76	1.7	1.52	1.56	1.92	1.96	1.31	3.01	2.6	2.14	1.92
Basic EPS from Cont Ops	0.8	1.23	1.64	1.74	1.76	1.7	1.52	1.56	1.92	1.96	1.31	3.01	2.6	2.14	1.92
Diluted EPS, GAAP	0.8	1.23	1.64	1.74	1.75	1.7	1.51	1.55	1.92	1.95	1.31	3	2.59	2.14	1.92
Diluted EPS from Cont Ops	0.8	1.23	1.64	1.74	1.75	1.7	1.51	1.55	1.92	1.95	1.31	3	2.59	2.14	1.92
Dividend per Share	0.52	0.52	0.52	0.52	0.52	0.53	0.55	0.55	0.58	0.57	0.6	0.69	0.91	0.85	0.8
Cash Flow per Share	1.82	2.72	2.69	2.45	1.83	1.78	1.85	2.3	2.21	2.08	2.36	2.49	3.03	2.76	2.16
Free Cash Flow per Basic Share	1.72	2.54	2.43	2	1.61	1.66	1.34	2.1	1.89	1.79	2.2	2.39	2.89	2.62	2.07
Cash & Equivalents per Share	3.32	62.3	59.64	44.15	42.9	41.92	34.58	22.31	31.93	21.77	32.49	43.22	35.9	28.04	26.23
Book Value per Share	5.03	14.69	14.85	15.48	16.67	18.22	21.18	21.84	21.98	23.44	24.53	27.66	42.34	32.29	33.6
Tangible Book Value per Share	10.62	12.61	13.25	12.09	14.5	14.31	17.17	16.84	17.16	18.65	19.91	20.83	26.26	20.08	20.88

Middlefield Banc Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)