Exhibit 99



15985 East High Street

P. O. Box 35

Middlefield, Ohio 44062

Phone: 440/632-1666 FAX: 440/632-1700




Company Contact: Investor and Media Contact:

Thomas G. Caldwell

President/Chief Executive Officer

Middlefield Banc Corp.

(440) 632-1666 Ext. 3200


Andrew M. Berger

Managing Director

SM Berger & Company, Inc.

(216) 464-6400


Middlefield Banc Corp. Reports 2014 Full Year and Fourth Quarter Financial Results

MIDDLEFIELD, OHIO, January 27, 2015

¿¿¿¿ Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the fourth quarter and full year ended December 31, 2014.

2014 Fourth Quarter Financial Highlights Include (on a year-over-year basis unless noted):


    Net interest income increased 2.4% to $6.1 million.


    Noninterest income grew 57.8% to $1.0 million.


    Net income up 3.7% to $1.9 million, or $0.92 per diluted share.


    Tangible stockholders’ equity improved 4.2% from the 2014 third quarter, and 21.4% from December 31, 2013.


    Total net loans increased 8.2%.


    Nonperforming assets declined to $11.6 million from $15.0 million.


    Tier 1 capital ratio strengthened to 9.45% from 8.24%.

“I am pleased with the many operating and financial milestones we achieved in 2014,” stated Thomas G. Caldwell, President and Chief Executive Officer. “Throughout the year we focused on strategies to improve our corporate infrastructure, expand our product offerings, enhance the ways customers interact with the bank, and increase our company’s investor profile. We accomplished these initiatives while growing our business to record levels. We ended the year with record net loans outstanding, net income, and stockholders’ equity. As we work to further leverage the investments we made last year, I am optimistic favorable operating and financial momentum will continue in 2015.”

Net income for the 2014 fourth quarter was approximately $1.9 million, or $0.92 per diluted share, compared to net income for the 2013 fourth quarter of $1.8 million, or $0.90 per diluted share. Net income for the 2014 full year was $7.2 million, or $3.50 per diluted share, compared to net income for the year ended December 31, 2013 of $7.0 million, or $3.47 per diluted share.

The following information was filed by Middlefield Banc Corp (MBCN) on Wednesday, January 28, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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