Middleburg Financial Corp (MBRG) Financial Statements (2024 and earlier)

Company Profile

Business Address 111 W WASHINGTON ST
MIDDLEBURG, VA 22117
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,22855,02267,34354,415
Cash and cash equivalents39,22855,02267,34354,415
Derivative instruments and hedges, assets    80
Total current assets:39,22855,02267,34354,495
Noncurrent Assets
Property, plant and equipment19,53118,10420,01720,587
Long-term investments and receivables155155155155
Long-term investments155155155155
Intangible assets, net (including goodwill), including:3,6363,8075,3466,017
Goodwill3,4213,421  
Intangible assets, net (excluding goodwill)215386557728
Other undisclosed intangible assets, net (including goodwill)   4,7895,289
Total noncurrent assets:23,32222,06625,51826,759
Other undisclosed assets1,232,3131,145,7691,134,8921,155,527
TOTAL ASSETS:1,294,8631,222,8571,227,7531,236,781
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt26,86938,551 11,873
Total current liabilities:26,86938,551 11,873
Noncurrent Liabilities
Other undisclosed liabilities1,144,4401,062,2721,112,6801,107,786
Total liabilities:1,171,3091,100,8231,112,6801,119,659
Equity
Equity, attributable to parent123,554122,034112,575113,928
Common stock17,33017,49417,40317,357
Additional paid in capital44,15544,89244,25143,869
Accumulated other comprehensive income (loss)1,6773,7942326,467
Retained earnings60,39255,85450,68946,235
Equity, attributable to noncontrolling interest   2,4983,194
Total equity:123,554122,034115,073117,122
TOTAL LIABILITIES AND EQUITY:1,294,8631,222,8571,227,7531,236,781

Income Statement (P&L) ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues47,88666,004  
Net investment income42,28143,325  
Other operating income5,60510,42420,56925,185
Financial services revenue  12,255  
Cost of revenue
(Financial Services Costs)
 (2,293)(1,960)(109)(3,438)
Gross profit:45,59364,044(109)(3,438)
Operating expenses  (48,284)(60,717)(66,521)
Other operating income, net
(Noninterest Income, Other Operating Income)
  1,6591,163343
Other undisclosed operating income7,07840,692128,474146,093
Operating income:52,67158,11168,81176,477
Nonoperating income (expense)6561,442(275)584
Investment income, nonoperating  794  
Gains (losses) on sales of other real estate  (14)(747)125
Bank owned life insurance income656662472459
Interest and debt expense(4,207)(5,243)(6,567)(8,824)
Other undisclosed loss from continuing operations before equity method investments, income taxes(38,575)(44,483)(53,875)(58,281)
Income from continuing operations before income taxes:10,5459,8278,0949,956
Income tax expense(2,715)(2,341)(1,931)(1,966)
Income from continuing operations:7,8307,4866,1637,990
Income before gain (loss) on sale of properties:7,8307,4866,1637,990
Net income:7,8307,4866,1637,990
Net income (loss) attributable to noncontrolling interest  98(9)(1,504)
Net income available to common stockholders, diluted:7,8307,5846,1546,486

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:7,8307,4866,1637,990
Other comprehensive income (loss)(2,117)3,562(6,235)2,541
Comprehensive income (loss):5,71311,048(72)10,531
Comprehensive income, net of tax, attributable to noncontrolling interest  9891,504
Other undisclosed comprehensive loss, net of tax, attributable to parent   (18)(3,008)
Comprehensive income (loss), net of tax, attributable to parent:5,71311,146(81)9,027

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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