XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 6,238 $ 6,648
Interest bearing deposits with other institutions 46,824 60,695
Total cash and cash equivalents 53,062 67,343
Securities available for sale 325,520 328,423
Loans held for sale, net 31,771 33,175
Restricted securities, at cost 6,404 6,780
Loans, net of allowance for loan losses of $13,228 and $13,320, respectively 718,236 715,160
Premises and equipment, net 19,688 20,017
Goodwill and identified intangibles 5,303 5,346
Other real estate owned, net of valuation allowance of $514 and $398, respectively 4,491 3,424
Bank owned life insurance 22,117 21,955
Accrued interest receivable and other assets 21,820 26,130
TOTAL ASSETS 1,208,412 1,227,753
Deposits:    
Non-interest bearing demand deposits 188,651 185,577
Savings and interest bearing demand deposits 517,380 528,879
Time deposits 255,220 267,940
Total deposits 961,251 982,396
Securities sold under agreements to repurchase 32,617 34,539
Federal Home Loan Bank borrowings 80,000 80,000
Subordinated notes 5,155 5,155
Accrued interest payable and other liabilities 11,237 10,590
TOTAL LIABILITIES 1,090,260 1,112,680
SHAREHOLDERS' EQUITY    
Common stock ($2.50 par value; 20,000,000 shares authorized; 7,076,145 and 7,080,591 issued and outstanding, respectively) 17,415 17,403
Capital surplus 44,426 44,251
Retained earnings 52,171 50,689
Accumulated other comprehensive income 1,828 232
Total Middleburg Financial Corporation shareholders' equity 115,840 112,575
Non-controlling interest in consolidated subsidiary 2,312 2,498
TOTAL SHAREHOLDERS' EQUITY 118,152 115,073
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,208,412 $ 1,227,753