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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 8,795 $ 9,594 $ 17,760 $ 19,376
Interest and dividends on securities available for sale        
Taxable 1,468 1,704 2,999 3,439
Tax-exempt 646 596 1,276 1,203
Dividends 54 45 110 89
Interest on deposits in banks and federal funds sold 29 25 59 49
Total interest and dividend income 10,992 11,964 22,204 24,156
INTEREST EXPENSE        
Interest on deposits 1,253 1,846 2,626 3,739
Interest on securities sold under agreements to repurchase 81 84 161 167
Interest on short-term borrowings 18 89 47 237
Interest on FHLB borrowings and other debt 299 287 594 584
Total interest expense 1,651 2,306 3,428 4,727
NET INTEREST INCOME 9,341 9,658 18,776 19,429
Provision for (recovery of) loan losses 184 730 (4) 1,522
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) LOAN LOSSES 9,157 8,928 18,780 17,907
NONINTEREST INCOME        
Service charges on deposit accounts 574 538 1,108 1,068
Trust services income 1,014 979 1,974 1,900
Gains on loans held for sale 4,483 5,075 8,376 8,927
Gains on securities available for sale, net 326 148 373 288
Total other-than-temporary impairment losses 0 (36) 0 (46)
Portion of loss recognized in other comprehensive income 0 36 0 46
Net impairment losses 0 0 0 0
Commissions on investment sales 110 125 204 272
Fees on mortgages held for sale 58 64 75 106
Bank-owned life insurance 123 123 243 245
Other operating income 392 119 655 349
Total noninterest income 7,080 7,171 13,008 13,155
NONINTEREST EXPENSE        
Salaries and employees' benefits 7,692 7,506 15,492 14,863
Net occupancy and equipment expense 1,787 1,755 3,592 3,533
Advertising 435 447 703 747
Computer operations 458 394 919 779
Other real estate owned 142 874 961 1,160
Other taxes 187 205 379 408
Federal deposit insurance expense 270 261 535 519
Other operating expenses 2,137 1,869 4,455 4,616
Total noninterest expense 13,108 13,311 27,036 26,625
Income before income taxes 3,129 2,788 4,752 4,437
Income tax expense 774 598 1,137 1,014
NET INCOME 2,355 2,190 3,615 3,423
Net income attributable to noncontrolling interest (262) (421) (195) (72)
Net income attributable to Middleburg Financial Corporation $ 2,093 $ 1,769 $ 3,420 $ 3,351
Earnings per share:        
Basic (in dollars per share) $ 0.30 $ 0.25 $ 0.48 $ 0.48
Diluted (in dollars per share) $ 0.29 $ 0.25 $ 0.48 $ 0.48
Dividends per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.1 $ 0.10