Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$ 9,189	$ 9,846	$ 28,565	$ 29,378
Interest and dividends on securities available for sale
Taxable	1,537	1,727	4,976	4,877
Tax-exempt	596	592	1,799	1,757
Dividends	46	36	135	108
Interest on deposits in banks and federal funds sold	39	30	88	90
Total interest and dividend income	11,407	12,231	35,563	36,210
INTEREST EXPENSE
Interest on deposits	1,728	2,287	5,467	6,927
Interest on securities sold under agreements to repurchase	83	84	250	209
Interest on short-term borrowings	74	58	311	174
Interest on FHLB borrowings and other debt	305	312	889	914
Total interest expense	2,190	2,741	6,917	8,224
NET INTEREST INCOME	9,217	9,490	28,646	27,986
Provision for loan losses	635	1,024	2,156	2,565
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	8,582	8,466	26,490	25,421
NONINTEREST INCOME
Service charges on deposit accounts	557	538	1,625	1,553
Trust services income	928	932	2,828	2,725
Gains on loans held for sale	6,161	3,846	15,088	8,373
Gains on securities available for sale, net	164	141	452	263
Total other-than-temporary impairment losses	0	(16)	(46)	(33)
Portion of loss recognized in other comprehensive income	0	(5)	46	11
Net impairment losses	0	(21)	0	(22)
Commissions on investment sales	117	100	389	293
Fees on mortgages held for sale	37	84	143	325
Other service charges, commissions and fees	120	98	391	347
Bank-owned life insurance	118	123	363	385
Other operating income	116	6	194	45
Total noninterest income	8,318	5,847	21,473	14,287
NONINTEREST EXPENSE
Salaries and employees' benefits	7,276	6,900	22,139	19,665
Net occupancy and equipment expense	1,732	1,700	5,265	5,016
Advertising	652	446	1,399	887
Computer operations	322	365	1,101	1,073
Other real estate owned	1,506	689	2,666	1,639
Other taxes	203	205	611	607
Federal deposit insurance expense	262	244	781	1,009
Other operating expenses	1,883	1,689	6,501	5,044
Total noninterest expense	13,836	12,238	40,463	34,940
Income before income taxes	3,064	2,075	7,500	4,768
Income tax expense	565	454	1,578	1,072
NET INCOME	2,499	1,621	5,922	3,696
Net (income) loss attributable to noncontrolling interest	(785)	(223)	(856)	128
Net income attributable to Middleburg Financial Corporation	$ 1,714	$ 1,398	$ 5,066	$ 3,824
Earnings per share:
Basic (in dollars per share)	$ 0.24	$ 0.20	$ 0.72	$ 0.55
Diluted (in dollars per share)	$ 0.24	$ 0.20	$ 0.72	$ 0.55
Dividends per common share (in dollars per share)	$ 0.05	$ 0.05	$ 0.15	$ 0.15