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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 6,697 $ 7,139
Interest-bearing deposits with other institutions 43,753 47,276
Total cash and cash equivalents 50,450 54,415
Securities available for sale, at fair value 331,650 319,457
Loans held for sale 48,721 82,114
Restricted securities, at cost 7,005 6,990
Loans receivable, net of allowance for loan losses of $13,508 at March 31, 2013 and $14,311 at December 31, 2012 701,078 695,166
Premises and equipment, net 20,418 20,587
Goodwill and identified intangibles 5,975 6,017
Other real estate owned, net of valuation allowance of $348 at March 31, 2013 and $1,707 at December 31, 2012 7,904 9,929
Prepaid federal deposit insurance 2,768 3,015
Bank owned life insurance 16,604 16,484
Accrued interest receivable and other assets 21,183 22,607
TOTAL ASSETS 1,213,756 1,236,781
Deposits:    
Non-interest-bearing demand deposits 163,611 167,137
Savings and interest-bearing demand deposits 515,082 522,740
Time deposits 287,383 292,023
Total deposits 966,076 981,900
Securities sold under agreements to repurchase 31,880 33,975
Short-term borrowings 519 11,873
FHLB borrowings 85,000 77,912
Subordinated notes 5,155 5,155
Accrued interest payable and other liabilities 7,426 8,844
Commitments and contingent liabilities 0 0
TOTAL LIABILITIES 1,096,056 1,119,659
SHAREHOLDERS' EQUITY    
Common stock ($2.50 par value; 20,000,000 shares authorized, 7,051,587 and 7,052,554 issued and outstanding at March 31, 2013 and December 31, 2012, respectively) 17,365 17,357
Capital surplus 43,946 43,869
Retained earnings 47,209 46,235
Accumulated other comprehensive income 6,260 [1] 6,467 [1]
Total Middleburg Financial Corporation shareholders' equity 114,780 113,928
Non-controlling interest in consolidated subsidiary 2,920 3,194
TOTAL SHAREHOLDERS' EQUITY 117,700 117,122
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,213,756 $ 1,236,781
[1] All amounts shown are net of applicable income taxes using an income tax rate of 34%.