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Compensation and Employee Benefit Plans [Text Block] | 9 Months Ended | 12 Months Ended
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Sep. 30, 2016 | Dec. 31, 2015
Compensation and Employee Benefit Plans [Text Block] | NOTE 2 – STOCK-BASED COMPENSATION The Company had no unvested stock options outstanding or unrecognized stock-based compensation costs outstanding as of September 30, 2016 and 2015. Stock option activity during the nine months ended September 30 is as follows:
|  | 2016 |  |  | Weighted- average Exercise Price |  |  | 2015 |  |  | Weighted- average Exercise Price |
Outstanding, January 1 |  |  | 31,949 |  |  | $ | 25.03 |  |  |  | 46,451 |  |  | $ | 27.90 |
Expired |  |  | — |  |  |  | — |  |  |  | (3,639 | ) |  |  | 37.33 |
Exercised |  |  | — |  |  |  | — |  |  |  | (1,025 | ) |  |  | 20.21 |
Outstanding, September 30 |  |  | 31,949 |  |  | $ | 25.03 |  |  |  | 41,787 |  |  | $ | 27.27 |
Exercisable, September 30 |  |  | 31,949 |  |  | $ | 25.03 |  |  |  | 41,787 |  |  | $ | 27.27 |
| 14. EMPLOYEE BENEFITS Retirement Plan The Bank maintains section 401(k) employee savings and investment plans for all full-time employees and officers of the Bank with more than one year of service. The Bank’s contributions to the plans are based on 50 percent matching of voluntary contributions up to 6 percent of compensation. An eligible employee can contribute up to 100 percent of salary. Employee contributions are vested at all times, and MBC contributions are fully vested after six years beginning at the second year in 20 percent increments. Contributions for 2015, 2014, and 2013 to these plans amounted to $156,000, $143,000, and $155,000, respectively. Supplemental Retirement Plan Until 2001, MBC maintained a Directors’ Retirement Plan to provide postretirement payments over a ten-year period to members of the Board of Directors who had completed five or more years of service. The plan required payment of 25 percent of the final average annual board fees paid to a director in the three years preceding the director’s retirement. The following table illustrates the components of the projected payments for the Directors’ Retirement Plan for the years ended:
|  | Projected Payments |
2016 |  | $ | 29,000 |
2017 |  |  | 23,000 |
2018 |  |  | 18,000 |
2019 |  |  | 12,000 |
2020 |  |  | 10,000 |
2021 |  |  | 2,000 |
Total |  | $ | 94,000 |
The retirement plan is available solely for nonemployee directors of The Middlefield Banking Company, but the Bank has not entered into any additional retirement arrangements for nonemployee directors since 2001. All director participants have retired. Executive Deferred Compensation Plan The Company maintains an Executive Deferred Compensation Plan (the “Plan”) to provide post-retirement payments to members of senior management. The Plan agreements are noncontributory, defined contribution arrangements that provide supplemental retirement income benefits to several officers, with contributions made solely by the Bank. During 2015, 2014, and 2013, the Company contributed $65,000, $115,000, and $120,000, respectively, to the Plan. Stock Option and Restricted Stock Plan The Company maintains a stock option and restricted stock plan (“the Plan”) for granting incentive stock options, nonqualified stock options, and restricted stock to key officers and employees and nonemployee directors of the Company. A total of 160,000 shares of authorized and unissued or issued common stock were reserved for issuance under the Plan, which expires ten years from the date of stockholder ratification. The per share exercise price of an option granted will not be less than the fair value of a share of common stock on the date the option is granted. The following table presents share data related to the outstanding options:
|  | 2015 |  |  | Weighted- average Exercise Price |  |  | 2014 |  |  | Weighted- average Exercise Price |
Outstanding, January 1 |  | $ | 46,451 |  |  | $ | 27.90 |  |  | $ | 58,581 |  |  | $ | 28.38 |
Expired |  |  | (10,802 | ) |  |  | 36.93 |  |  |  | — |  |  |  | — |
Exercised |  |  | (2,175 | ) |  |  | 21.31 |  |  |  | (11,223 | ) |  |  | 30.45 |
Forfeited |  |  | (1,525 | ) |  |  | 33.53 |  |  |  | (907 | ) |  |  | 27.35 |
Outstanding, December 31 |  | $ | 31,949 |  |  | $ | 25.03 |  |  | $ | 46,451 |  |  | $ | 27.90 |
Exercisable, December 31 |  | $ | 31,949 |  |  | $ | 25.03 |  |  | $ | 46,451 |  |  | $ | 27.90 |
The following table summarizes the characteristics of stock options at December 31, 2015:
|  |  |  |  | Outstanding |  |  | Exercisable |
Grant Date |  | Exercise Price |  |  | Shares |  |  | Contractual Average Life |  |  | Average Exercise Price |  |  | Shares |  |  | Average Exercise Price |
December 10, 2006 |  |  | 40.24 |  |  |  | 2,625 |  |  |  | 0.94 |  |  |  | 40.24 |  |  |  | 2,625 |  |  |  | 40.24 |
May 16, 2007 |  |  | 37.48 |  |  |  | 1,337 |  |  |  | 1.37 |  |  |  | 37.48 |  |  |  | 1,337 |  |  |  | 37.48 |
December 10, 2007 |  |  | 37.00 |  |  |  | 1,950 |  |  |  | 1.94 |  |  |  | 37.00 |  |  |  | 1,950 |  |  |  | 37.00 |
January 2, 2008 |  |  | 36.25 |  |  |  | 1,337 |  |  |  | 2.00 |  |  |  | 36.25 |  |  |  | 1,337 |  |  |  | 36.25 |
November 10, 2008 |  |  | 23.00 |  |  |  | 16,500 |  |  |  | 2.86 |  |  |  | 23.00 |  |  |  | 16,500 |  |  |  | 23.00 |
May 9, 2011 |  |  | 17.55 |  |  |  | 8,200 |  |  |  | 5.35 |  |  |  | 17.55 |  |  |  | 8,200 |  |  |  | 17.55 |
|  |  |  |  |  |  | 31,949 |  |  |  |  |  |  |  |  |  |  |  | 31,949 |  |  |  |  |
No options were granted for the years ended December 31, 2015 and 2014. The Company recognizes compensation expense in the amount of fair value of the common stock at the grant date and as an addition to stockholders’ equity.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References No definition available. + Details
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