Segment Reporting

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company operates its principal business activities of retail banking services and wealth management services in a decentralized fashion. Revenue from retail banking activity consists primarily of interest and fees earned on loans, including mortgage banking activity, interest earned on investment securities and service charges on deposit accounts. Revenue from the wealth management activities is comprised of fees based upon the market value of the accounts under administration as well as commissions on investment transactions.

Middleburg Bank and the Company have assets in custody with Middleburg Trust Company and accordingly pay Middleburg Trust Company a monthly fee. Middleburg Bank also pays interest to Middleburg Trust Company on deposit accounts with Middleburg Bank. Middleburg Trust Company pays rental and other miscellaneous occupancy expenses to Middleburg Bank. Transactions related to these relationships are eliminated to reach consolidated totals.

The following tables represent reportable segment information for the three months ended March 31, 2016 and 2015, respectively:

	For the Three Months Ended												For the Three Months Ended
	March 31, 2016												March 31, 2015
(In Thousands)	Retail Banking		Wealth Manage- ment		Parent Company			Inter- company Eliminations			Consolidated		Retail Banking		Wealth Manage- ment		Parent Company			Inter- company Eliminations			Consolidated
Revenues:
Interest income	$	10,870	$	2	$	—		$	—		$	10,872	$	10,696	$	3	$	—		$	—		$	10,699
Trust and investment fee income	—		1,201		—			(43		)	1,158		—		1,259		—			(41		)	1,218
Other income	1,319		—		—			(27		)	1,292		1,790		—		—			—			1,790
Total operating income	12,189		1,203		—			(70		)	13,322		12,486		1,262		—			(41		)	13,707
Expenses:
Interest expense	1,053		—		70			—			1,123		999		—		69			—			1,068
Salaries and employee benefits	4,017		527		268			—			4,812		4,106		534		208			—			4,848
Provision for loan losses	300		—		—			—			300		450		—		—			—			450
Other	4,227		287		—			(70		)	4,444		3,795		281		17			(41		)	4,052
Total operating expenses	9,597		814		338			(70		)	10,679		9,350		815		294			(41		)	10,418
Income (loss) before income taxes	2,592		389		(338		)	—			2,643		3,136		447		(294		)	—			3,289
Income tax expense (benefit)	647		147		(206		)	—			588		828		167		(154		)	—			841
Net Income (loss)	$	1,945	$	242	$	(132	)	$	—		$	2,055	$	2,308	$	280	$	(140	)	$	—		$	2,448
Total assets	$	1,342,502	$	11,908	$	126,760		$	(133,049	)	$	1,348,121	$	1,259,259	$	12,145	$	125,284		$	(131,301	)	$	1,265,387
Capital expenditures	$	125	$	—	$	—		$	—		$	125	$	151	$	—	$	—		$	—		$	151
Goodwill and other intangibles	$	—	$	3,593	$	—		$	—		$	3,593	$	—	$	3,765	$	—		$	—		$	3,765