Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$ 9,912	$ 9,832	$ 29,378	$ 30,661
Interest and dividends on securities available for sale
Taxable	1,727	1,166	4,877	3,194
Tax-exempt	592	621	1,757	1,914
Dividends	36	32	108	75
Interest on deposits in banks and federal funds sold	30	36	90	99
Total interest and dividend income	12,297	11,687	36,210	35,943
INTEREST EXPENSE
Interest on deposits	2,287	3,160	6,927	9,410
Interest on securities sold under agreements to repurchase	84	63	209	144
Interest on short-term borrowings	58	134	174	245
Interest on long-term debt	312	372	914	1,298
Total interest expense	2,741	3,729	8,224	11,097
NET INTEREST INCOME	9,556	7,958	27,986	24,846
Provision for loan losses	1,024	9,130	2,565	11,350
NET INTEREST INCOME (LOSS) AFTER PROVISION FOR LOAN LOSSES	8,532	(1,172)	25,421	13,496
NONINTEREST INCOME
Service charges on deposit accounts	538	487	1,553	1,396
Trust services income	963	807	2,813	2,497
Gains on loans held for sale	5,501	5,147	12,286	11,621
Gains on securities available for sale, net	141	288	263	757
Total other-than-temporary impairment losses	(16)	(557)	(33)	(857)
Portion of (gain) loss recognized in other comprehensive income	(5)	(169)	11	(117)
Net impairment losses	(21)	(726)	(22)	(974)
Commissions on investment sales	187	142	552	453
Fees on mortgages held for sale	84	477	325	1,311
Other service charges, commissions and fees	98	97	347	353
Bank-owned life insurance	123	136	385	391
Other operating income	6	42	111	221
Total noninterest income	7,620	6,897	18,613	18,026
NONINTEREST EXPENSE
Salaries and employees' benefits	8,708	7,665	23,837	22,046
Net occupancy and equipment expense	1,700	1,557	5,016	4,651
Advertising	446	257	887	685
Computer operations	365	340	1,073	1,008
Other real estate owned	689	666	1,639	1,171
Other taxes	205	201	607	598
Federal deposit insurance expense	244	368	1,009	1,521
Other operating expenses	1,720	3,333	5,198	6,916
Total noninterest expense	14,077	14,387	39,266	38,596
Income (loss) before income taxes	2,075	(8,662)	4,768	(7,074)
Income tax expense (benefit)	454	(3,297)	1,072	(3,135)
NET INCOME (LOSS)	1,621	(5,365)	3,696	(3,939)
Net (income) loss attributable to non-controlling interest	(223)	(423)	128	(311)
Net income (loss) attributable to Middleburg Financial Corporation	$ 1,398	$ (5,788)	$ 3,824	$ (4,250)
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.20	$ (0.83)	$ 0.55	$ (0.61)
Diluted (in dollars per share)	$ 0.20	$ (0.83)	$ 0.55	$ (0.61)
Dividends per common share (in dollars per share)	$ 0.05	$ 0.10	$ 0.15	$ 0.30