MIDDLEBURG FINANCIAL CORP

Delisted

CIK 914138fmd_0T7ACE8K6BSTEVSYXT04Z29MABFinance, Insurance and Real Estate · National Commercial BanksTemplate: Financials

Coverage: Jan 01, 2009 to Dec 31, 2016, 28 periods

Income Statement · Annual · Millions · USD
Line item	FY2009	FY2010	FY2011	FY2012	FY2013	FY2014	FY2015	FY2016
Total interest income	57	48	49	47	44	43	42	43
Total revenues	59	54	58	68	62	52	48	50
Net interest income	38	34	38	38	38	38	38	39
Provision for credit losses	5	12	(3)	3	0	(2)	(2)	(2)
Net interest income after provision	33	22	35	35	38	36	36	37
Asset management and advisory fees	–	–	0	1	0	1	1	1
Gain on sale of real estate	(0)	(0)	(0)	–	–	–	–	–
Non-interest income	21	21	20	29	25	14	10	11
Taxes other than income taxes	1	1	1	1	1	1	1	1
Compensation and benefits	28	24	27	30	31	23	18	19
Total operating expenses	–	73	63	67	61	48	42	43
Non-interest expense	49	47	49	54	54	41	35	37
Operating income	–	69	69	76	69	58	53	54
Interest expense	19	14	11	9	7	5	4	4
Income before taxes	5	(5)	6	10	8	10	11	11
Income tax expense	0	(3)	1	2	2	2	3	3
Net income from continuing operations	5	(2)	5	8	6	7	8	8
Net income	4	(3)	5	6	6	8	8	8
Net income to common shareholders	2	(3)	5	6	–	–	–	–