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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 7,312 $ 7,139
Interest-bearing deposits with other institutions 51,164 47,276
Total cash and cash equivalents 58,476 54,415
Securities available for sale, at fair value 320,132 319,457
Loans held for sale 65,322 82,114
Restricted securities, at cost 7,005 6,990
Loans receivable, net of allowance for loan losses of $13,616 at June 30, 2013 and $14,311 at December 31, 2012 693,383 695,166
Premises and equipment, net 20,208 20,587
Goodwill and identified intangibles 5,932 6,017
Other real estate owned, net of valuation allowance of $348 at June 30, 2013 and $1,707 at December 31, 2012 7,570 9,929
Prepaid federal deposit insurance 0 3,015
Bank owned life insurance 16,726 16,484
Accrued interest receivable and other assets 22,446 22,607
TOTAL ASSETS 1,217,200 1,236,781
Deposits:    
Non-interest-bearing demand deposits 174,459 167,137
Savings and interest-bearing demand deposits 496,394 522,740
Time deposits 291,021 292,023
Total deposits 961,874 981,900
Securities sold under agreements to repurchase 35,783 33,975
Short-term borrowings 5,688 11,873
FHLB borrowings 85,000 77,912
Subordinated notes 5,155 5,155
Accrued interest payable and other liabilities 8,043 8,844
Commitments and contingent liabilities 0 0
TOTAL LIABILITIES 1,101,543 1,119,659
SHAREHOLDERS' EQUITY    
Common stock ($2.50 par value; 20,000,000 shares authorized, 7,089,598 and 7,052,554 issued and outstanding at June 30, 2013 and December 31, 2012, respectively) 17,397 17,357
Capital surplus 44,000 43,869
Retained earnings 48,947 46,235
Accumulated other comprehensive income 2,600 [1] 6,467 [1]
Total Middleburg Financial Corporation shareholders' equity 112,944 113,928
Non-controlling interest in consolidated subsidiary 2,713 3,194
TOTAL SHAREHOLDERS' EQUITY 115,657 117,122
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,217,200 $ 1,236,781
[1] All amounts shown are net of applicable income taxes using an income tax rate of 34%.