Defined Benefit Pension Plan

6 Months Ended

Jun. 30, 2012

Defined Benefit Pension Plan [Abstract]

Defined Benefit Pension Plan

Note 8. Defined Benefit Pension Plan

Prior to December 31, 2011, the Company sponsored a noncontributory, defined benefit pension plan covering substantially all full-time employees of Middleburg Bank and Middleburg Trust Company.  The defined benefit pension plan was terminated in in February of 2011, and all plan assets were distributed to participants as of December 31, 2011.  When the plan was active, the Company funded pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act.  Benefit accruals and eligibility were frozen as of September 30, 2009.

The table below reflects the components of the Net Periodic Benefit Cost related to the Company's defined benefit pension plan for the indicated periods.

	Three months ended June 30,
	2012		2011
	(In Thousands)
Interest cost	$	-	$	46
Expected return on plan assets		-		(15	)
Amortization of unrecognized  net actuarial  loss		-		305
Net periodic benefit cost	$	-	$	336

	Six months ended June 30,
	2012		2011
	(In Thousands)
Interest cost	$	-	$	91
Expected return on plan assets		-		(29	)
Amortization of unrecognized  net actuarial  loss		-		609
Net periodic benefit cost (income)	$	-	$	671