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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME      
Interest and fees on loans $ 39,392 $ 40,548 $ 48,834
Interest and dividends on securities available for sale      
Taxable 6,627 4,733 4,743
Tax-exempt 2,363 2,514 2,944
Dividends 144 105 88
Interest on deposits in banks and federal funds sold 110 131 137
Total interest and dividend income 48,636 48,031 56,746
INTEREST EXPENSE      
Interest on deposits 8,867 12,033 15,614
Interest on securities sold under agreements to repurchase 293 205 40
Interest on short-term borrowings 318 393 592
Interest on FHLB borrowings and other debt 1,213 1,544 2,836
Total interest expense 10,691 14,175 19,082
NET INTEREST INCOME 37,945 33,856 37,664
Provision for loan losses 2,884 12,005 4,551
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 35,061 21,851 33,113
NONINTEREST INCOME      
Service charges on deposit accounts 2,095 1,884 1,905
Trust and investment advisory fee income 3,636 3,335 3,218
Gains on loans held for sale 17,992 17,158 11,860
Gains on securities available for sale, net 460 866 2,070
Total other-than-temporary impairment losses (27) (901) (2,224)
Portion of (gain) loss recognized in other comprehensive income 2 (202) 1,152
Net impairment losses (25) (1,103) (1,072)
Commissions on investment sales 755 622 580
Fees on mortgages held for sale 333 1,881 1,044
Other service charges, commissions and fees 452 467 507
Bank-owned life insurance 486 503 489
Other operating income 226 390 311
Total noninterest income 26,410 26,003 20,912
NONINTEREST EXPENSE      
Salaries and employees' benefits 33,821 29,594 28,042
Net occupancy and equipment expense 6,748 6,249 5,904
Advertising 1,399 1,071 760
Computer operations 1,501 1,324 1,290
Other real estate owned 2,564 2,468 3,794
Other taxes 812 798 587
Federal deposit insurance expense 1,260 1,907 2,051
Other operating expenses 7,354 9,331 6,434
Total noninterest expense 55,459 52,742 48,862
Income (loss) before income taxes 6,012 (4,888) 5,163
Income tax expense (benefit) 1,350 (2,562) 64
NET INCOME (LOSS) 4,662 (2,326) 5,099
Net (income) loss attributable to non- controlling interest 298 (362) (1,577)
Net income (loss) attributable to Middleburg Financial Corporation 4,960 (2,688) 3,522
Amortization of discount on preferred stock 0 0 429
Dividends on preferred stock 0 0 987
Net income (loss) available to common shareholders $ 4,960 $ (2,688) $ 2,106
Earnings (loss) per share:      
Basic (in dollars per share) $ 0.71 $ (0.39) $ 0.37
Diluted (in dollars per share) $ 0.71 $ (0.39) $ 0.37