Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
INTEREST INCOME
Interest and fees on loans	$ 9,731	$ 10,384	$ 19,466	$ 20,829
Interest and dividends on securities available for sale
Taxable	1,751	1,090	3,150	2,028
Tax-exempt	604	600	1,165	1,293
Dividends	36	22	72	43
Interest on deposits in banks and federal funds sold	33	28	60	63
Total interest and dividend income	12,155	12,124	23,913	24,256
INTEREST EXPENSE
Interest on deposits	2,332	3,077	4,640	6,251
Interest on securities sold under agreements to repurchase	69	60	125	80
Interest on short-term borrowings	53	67	116	111
Interest on long-term debt	306	488	602	926
Total interest expense	2,760	3,692	5,483	7,368
NET INTEREST INCOME	9,395	8,432	18,430	16,888
Provision for loan losses	1,087	1,291	1,541	2,220
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	8,308	7,141	16,889	14,668
NONINTEREST INCOME
Service charges on deposit accounts	526	468	1,015	909
Trust services income	983	875	1,850	1,690
Gains on loans held for sale	3,938	3,844	6,785	6,474
Gains (losses) on securities available for sale, net	87	(37)	122	469
Total other-than-temporary impairment losses	0	(98)	(17)	(300)
Portion of (gain) loss recognized in other comprehensive income	0	1	16	52
Net impairment losses	0	(97)	(1)	(248)
Commissions on investment sales	185	167	365	311
Fees on mortgages held for sale	87	476	241	834
Other service charges, commissions and fees	134	143	249	256
Bank-owned life insurance	139	130	262	255
Other operating income (losses)	(55)	88	105	179
Total noninterest income	6,024	6,057	10,993	11,129
NONINTEREST EXPENSE
Salaries and employees' benefits	7,813	7,457	15,129	14,381
Net occupancy and equipment expense	1,640	1,490	3,316	3,094
Advertising	285	248	441	428
Computer operations	343	340	708	668
Other real estate owned	606	295	950	505
Other taxes	205	201	402	397
Federal deposit insurance expense	358	352	765	1,153
Other operating expenses	1,703	1,883	3,478	3,583
Total noninterest expense	12,953	12,266	25,189	24,209
Income before income taxes	1,379	932	2,693	1,588
Income tax expense	301	75	618	162
NET INCOME	1,078	857	2,075	1,426
Net (income) loss attributable to non- controlling interest	121	(133)	351	112
Net income attributable to Middleburg Financial Corporation	$ 1,199	$ 724	$ 2,426	$ 1,538
Earnings per share:
Basic	$ 0.17	$ 0.10	$ 0.35	$ 0.22
Diluted	$ 0.17	$ 0.10	$ 0.35	$ 0.22