The Middleburg Bank in Middleburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Middleburg Bank - Overview

  • General
  • FDIC Certificate #: 6881
    Status: Active
    Federal Reserve ID: 679826
    Bank Holding Company (Regulatory Top Holder): Middleburg Financial Corporation (RSSDID: 2176413, Location: Middleburg, VA)
    Date Established: July 01, 1924
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 13091
    FDIC's unique #: 4625
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: September 23, 2008
    Last Data Update: September 23, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 West Washington Street, Middleburg, VA 20117
    County: Loudoun
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,186.8 mil
    Equity capital: $103.2 mil
    Deposits held in domestic offices: $931.5 mil
    Return on assets (ROA): 0.53% ($6.3 mil)
    Quarterly return on assets: 0.49% ($5.8 mil)
    Return on Equity (ROE): 6.03% ($6.2 mil)
    Quarterly return on equity: 5.57% ($5.7 mil)
    Net income: $5.9 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 0.68% ($8,070.1 mil)
    Quarterly Pretax return on assets: 0.63% ($7,476.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 405Total employees (full-time equivalent)
  • $1,186,776Total assets
  • $51,270Cash and due from depository institutions
  • $45,107Interest-bearing balances
  • $307,990Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $749,285Net loans & leases
  • $14,623Loan loss allowance
  • $0Trading account assets
  • $21,282Bank premises and fixed assets
  • $8,535Other real estate owned
  • $1,879Goodwill and other intangibles
  • $1,186,776Life insurance assets
  • $46,535All other assets
  • $1,081,506Total liabilities and capital
  • $931,540Total liabilities
  • $787,560Total deposits
  • $931,540Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 32004.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $111,243Trading liabilities
  • $0Other borrowed funds
  • $6,719Subordinated debt
  • $105,270All other liabilities
  • $103,169Total equity capital
  • $103,169Total bank equity capital
  • $0Perpetual preferred stock
  • $2,240Common stock
  • $54,540Surplus
  • $46,389Undivided profits
  • Memoranda
  • $2,101Noncurrent loans and leases
  • $92,514Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $26,579Income earned, not collected on loans
  • $0Earning assets
  • $2,422Long-term assets (5+ years)
  • $1,102,382Average Assets, year-to-date
  • $516,027Average Assets, quarterly
  • $1,129,976Volatile liabilities
  • $1,167,338Insider loans
  • $761,764FHLB advances
  • $1,167,104Loans and leases held for sale
  • $16,381Unused loan commitments
  • $10,304Tier 1 (core) risk-based capital
  • $99,249Tier 2 risk-based capital
  • $6,077Total risk weighted assets
  • $0Total unused commitments
  • $92,032Restructured Loans and leases
  • $22,043Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $48,623Total interest income
  • $10,411Total interest expense
  • $38,212Net interest income
  • $2,884Provision for loan and lease losses
  • $22,094Total noninterest income
  • $0Fiduciary activities
  • $2,095Service charges on deposit accounts
  • $0Trading account gains & fees
  • $19,999Additional noninterest income
  • $50,461Total noninterest expense
  • $30,858Salaries and employee benefits
  • $6,354Premises and equipment expense
  • $13,249Additional noninterest expense
  • $6,961Pre-tax net operating income
  • $460Securities gains (losses)
  • $1,770Applicable income taxes
  • $5,651Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,949Net income attributable to bank
  • -$298Net charge-offs
  • $5,651Cash dividends
  • $3,227Sale, conversion, retirement of capital stock, net
  • $1,047Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.68%Net interest margin
  • 2.13%Noninterest income to earning assets
  • 4.86%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 6.03%Return on equity (ROE)
  • 4.97%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 89.37%Credit loss provision to net charge-offs
  • 3.05%Efficiency ratio
  • 83,675Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.60%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 55.02%Noncurrent assets plus other real estate owned to assets
  • 2.96%Noncurrent loans to loans
  • 3.48%Net loans and leases to deposits
  • 80.44%Net loans and leases to core deposits
  • 101.14%Equity capital to assets
  • 8.69%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 13.03%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,129,976Average earning assets
  • $98,593Average equity
  • $1,038,150Average loans

List of branches

  • 10 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04625The Middleburg Bank111 West Washington Street, Middleburg, VA 20117July 01, 1924Full Service Brick and Mortar
    1212518Loudoun Valley Branch431 East Main Street, Purcellville, VA 20132May 16, 1994Full Service Brick and Mortar
    2212519Leesburg Branch102 Catoctin Circle Southeast, Leesburg, VA 20175January 29, 1996Full Service Brick and Mortar
    3212520Ashburn Office43325 Junction Plaza, Ashburn, VA 20147June 28, 1999Full Service Brick and Mortar
    5419635Fort Evans Branch538 Fort Evans Rd. Ne, Leesburg, VA 20176July 29, 2002Full Service Brick and Mortar
    6441886Reston Financial Services Center Bra1779 Fountain Drive, Reston, VA 20190November 08, 2004Full Service Brick and Mortar
    8453294Warrenton Financial Service Center B530 Blackwell Road, Warrenton, VA 20186October 31, 2005Full Service Brick and Mortar
    9466110Marshall Financial Service Center Br8383 West Main Street, Marshall, VA 20115Febuary 26, 2007Full Service Brick and Mortar
    10517258Williamsburg Branch5372 Discovery Park Boulevard, Suite 101, Williamsburg, VA 23188July 12, 2010Full Service Brick and Mortar
    11517260Gainesville Branch8190 Stonewall Shops Square, Gainesville, VA 20155October 20, 2010Full Service Brick and Mortar

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