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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
INTEREST INCOME      
Interest and fees on loans $ 35,248 $ 37,895 $ 39,392
Interest and dividends on securities available for sale      
Taxable 6,105 6,408 6,627
Tax-exempt 2,555 2,403 2,363
Dividends 232 193 144
Interest on deposits in banks and federal funds sold 132 124 110
Total interest and dividend income 44,272 47,023 48,636
INTEREST EXPENSE      
Interest on deposits 4,911 6,916 8,867
Interest on securities sold under agreements to repurchase 325 332 293
Interest on short-term borrowings 123 392 318
Interest on FHLB borrowings and other debt 1,208 1,184 1,213
Total interest expense 6,567 8,824 10,691
NET INTEREST INCOME 37,705 38,199 37,945
Provision for loan losses 109 3,438 2,884
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 37,596 34,761 35,061
NON-INTEREST INCOME      
Service charges on deposit accounts 2,291 2,197 2,095
Trust services income 3,970 3,751 3,636
Gains on loans held for sale 15,652 21,014 11,906
Gains on securities available for sale, net 418 445 460
Total other-than-temporary impairment losses 0 (46) (27)
Portion of loss recognized in other comprehensive income 0 46 2
Net impairment losses 0 0 (25)
Commissions on investment sales 470 518 393
Fees on mortgages held for sale 103 186 333
Bank owned life insurance 472 459 486
Other operating income 1,163 884 678
Total non-interest income 24,539 29,454 19,962
NON-INTEREST EXPENSE      
Salaries and employee benefits 30,627 30,417 27,373
Occupancy and equipment 7,269 7,050 6,748
Advertising 1,457 2,034 1,399
Computer operations 1,860 1,572 1,501
Other real estate owned 1,455 2,721 2,564
Other taxes 751 813 812
Federal deposit insurance 822 1,050 1,260
Goodwill impairment 500 0 0
Other operating expenses 9,300 8,602 7,354
Total non-interest expense 54,041 54,259 49,011
Income before income taxes 8,094 9,956 6,012
Income tax expense 1,931 1,966 1,350
NET INCOME 6,163 7,990 4,662
Net (income) loss attributable to non-controlling interest (9) (1,504) 298
Net income attributable to Middleburg Financial Corporation $ 6,154 $ 6,486 $ 4,960
Earnings per share:      
Basic (in dollars per share) $ 0.87 $ 0.92 $ 0.71
Diluted (in dollars per share) $ 0.87 $ 0.92 $ 0.71