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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 19,598 $ 21,955
Interest-bearing deposits with other institutions 38,988 42,769
Total cash and cash equivalents 58,586 64,724
Securities available for sale 293,393 252,042
Loans held for sale 48,689 59,361
Restricted securities, at cost 6,932 6,296
Loans receivable, net of allowance for loan losses of $15,073 at June 30, 2011 and $14,967 at December 31, 2010 663,242 644,345
Premises and equipment, net 21,393 21,112
Goodwill and identified intangibles 6,286 6,360
Other real estate owned, net of valuation allowance of $1,006 at June 30, 2011 and $1,486 at December 31, 2010 6,255 8,394
Prepaid federal deposit insurance 4,454 5,154
Accrued interest receivable and other assets 35,437 36,779
TOTAL ASSETS 1,144,667 1,104,567
Deposits:    
Non-interest-bearing demand deposits 131,191 130,488
Savings and interest-bearing demand deposits 460,518 436,718
Time deposits 316,776 323,100
Total deposits 908,485 890,306
Securities sold under agreements to repurchase 35,210 25,562
Short-term borrowings 5,692 13,320
Long-term debt 77,912 62,912
Subordinated notes 5,155 5,155
Accrued interest payable and other liabilities 7,405 7,319
Commitments and contingent liabilities    
TOTAL LIABILITIES 1,039,859 1,004,574
SHAREHOLDERS' EQUITY    
Common stock ($2.50 par value; 20,000,000 shares authorized, 7,000,824 issued; 6,996,932 and 6,925,437 outstanding at June 30, 2011 and December 31, 2010, respectively) 17,331 17,314
Capital surplus 43,150 43,058
Retained earnings 39,322 37,593
Accumulated other comprehensive income (loss) 2,908 (1,012)
Total Middleburg Financial Corporation shareholders' equity 102,711 96,953
Non-controlling interest in consolidated subsidiary 2,097 3,040
TOTAL SHAREHOLDERS' EQUITY 104,808 99,993
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,144,667 $ 1,104,567