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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
INTEREST INCOME    
Interest and fees on loans $ 8,806 $ 8,965
Interest and dividends on securities available for sale    
Taxable 1,617 1,531
Tax-exempt 584 630
Dividends 73 56
Interest on deposits in banks and federal funds sold 26 30
Total interest and dividend income 11,106 11,212
INTEREST EXPENSE    
Interest on deposits 1,002 1,373
Interest on securities sold under agreements to repurchase 80 80
Interest on short-term borrowings 0 29
Interest on FHLB borrowings and other debt 313 295
Total interest expense 1,395 1,777
NET INTEREST INCOME 9,711 9,435
Provision for (recovery of) loan losses 888 (188)
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) LOAN LOSSES 8,823 9,623
NON-INTEREST INCOME    
Service charges on deposit accounts 557 534
Trust services income 1,048 960
Gains on loans held for sale 2,942 3,893
Gains on securities available for sale, net 63 47
Commissions on investment sales 140 94
Fees on mortgages held for sale 28 17
Bank owned life insurance 162 120
Other operating income 941 263
Total non-interest income 5,881 5,928
NON-INTEREST EXPENSE    
Salaries and employee benefits 7,033 7,799
Occupancy and equipment 1,900 1,805
Advertising 163 268
Computer operations 458 461
Other real estate owned 167 820
Other taxes 197 192
Federal deposit insurance 238 265
Other operating expenses 1,979 2,318
Total non-interest expense 12,135 13,928
Income before income taxes 2,569 1,623
Income tax expense 749 363
NET INCOME 1,820 1,260
Net loss attributable to non-controlling interest 157 67
Net income attributable to Middleburg Financial Corporation $ 1,977 $ 1,327
Earnings per share:    
Basic (in dollars per share) $ 0.28 $ 0.19
Diluted (in dollars per share) $ 0.28 $ 0.19