XML 46 R24.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Note 16 - Regulatory Restrictions | 12 Months Ended
--- | ---
Dec. 31, 2019
Notes to Financial Statements |
Banking and Thrift Disclosure [Text Block] |
16. | REGULATORY RESTRICTIONS
The Company is subject to the regulatory requirements of the Federal Reserve System as a bank holding company. The bank is subject to regulations of the Federal Deposit Insurance Corporation (“FDIC”) and the State of Ohio, Division of Financial Institutions. Cash Requirements The Federal Reserve Bank of Cleveland requires the Company to maintain certain average reserve balances. As of December 31, 2019 and 2018, the Bank had required reserves of $16.5 million and $17.3 million comprised of vault cash and a depository amount held with the Federal Reserve Bank. Loans Federal law prevents the Company from borrowing from the Bank unless the loans are secured by specific obligations. Further, such secured loans are limited in amount of 10% of the Bank’s common stock and capital surplus. Dividends MBC is subject to dividend restrictions that generally limit the amount of dividends that can be paid by an Ohio state-chartered bank. Under the Ohio Banking Code, cash dividends may not exceed net profits as defined for that year combined with retained net profits for the two preceding years less any required transfers to surplus. Under this formula the amount available for payment of dividends for 2019 approximates $20.5 million plus 2020 profits retained up to the date of the dividend declaration.

X
- Definition The entire disclosure for financial services specifically banking and thrift entities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -URI http://asc.fasb.org/topic&trid=2209208 + Details
Name: | us-gaap_BankingAndThriftDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration