Middleburg Financial Corporation Announces First Quarter 2011 Results

Middleburg Financial Corporation MBRG today announced net income of $1.2 million for the quarter ending March 31, 2011 representing an increase of 50.7% over the same quarter in 2010. Net income of $1.2 million or $0.18 per diluted share, up 50.7% compared to first quarter of 2010; Net interest margin of 3.80% compared to margin of 3.60% for fourth quarter of 2010; Total revenue of $14.0 million, up 3.7% compared to first quarter of 2010; Loan growth of 0.5% during the quarter; Total assets of $1.1 billion, down 1.8% from December 31, 2010.