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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 9,417 $ 7,139
Interest-bearing deposits with other institutions 53,228 47,276
Total cash and cash equivalents 62,645 54,415
Securities available for sale, at fair value 328,378 319,457
Loans held for sale 41,855 82,114
Restricted securities, at cost 7,005 6,990
Loans receivable, net of allowance for loan losses of $13,382 at September 30, 2013 and $14,311 at December 31, 2012 702,724 695,166
Premises and equipment, net 20,465 20,587
Goodwill and identified intangibles 5,889 6,017
Other real estate owned, net of valuation allowance of $603 at September 30, 2013 and $1,707 at December 31, 2012 4,530 9,929
Prepaid federal deposit insurance 0 3,015
Bank owned life insurance 16,851 16,484
Accrued interest receivable and other assets 24,985 22,607
TOTAL ASSETS 1,215,327 1,236,781
Deposits:    
Non-interest-bearing demand deposits 190,680 167,137
Savings and interest-bearing demand deposits 495,348 522,740
Time deposits 272,538 292,023
Total deposits 958,566 981,900
Securities sold under agreements to repurchase 35,005 33,975
Short-term borrowings 5,451 11,873
FHLB borrowings 85,000 77,912
Subordinated notes 5,155 5,155
Accrued interest payable and other liabilities 10,967 8,844
Commitments and contingent liabilities 0 0
TOTAL LIABILITIES 1,100,144 1,119,659
SHAREHOLDERS' EQUITY    
Common stock ($2.50 par value; 20,000,000 shares authorized, 7,089,091 and 7,052,554 issued and outstanding at September 30, 2013 and December 31, 2012, respectively) 17,403 17,357
Capital surplus 44,139 43,869
Retained earnings 50,063 46,235
Accumulated other comprehensive income 833 [1] 6,467 [1]
Total Middleburg Financial Corporation shareholders' equity 112,438 113,928
Non-controlling interest in consolidated subsidiary 2,745 3,194
TOTAL SHAREHOLDERS' EQUITY 115,183 117,122
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,215,327 $ 1,236,781
[1] All amounts shown are net of applicable income taxes using an income tax rate of 34%.