Middleburg Financial Corporation reports quarterly earnings.
Global Banking News-July 31, 2014--Middleburg Financial Corporation reports quarterly earnings
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Global Banking News - 31 July 2014
Middleburg Financial Corporation (NASDAQ: MBRG) has reported a net income of USD1.86m, or USD0.26 per diluted share, for the quarter ended June 30, 2014, a decrease of 11.37 percent compared to net income of USD2.09m, or USD0.29 per diluted share for the second quarter of 2013.
Total revenue, which is comprised of net interest income (before provision for loan losses) and non-interest income, was USD13.78m for the quarter ended June 30, 2014, representing a decrease of 16.06 percent compared to the quarter ended June 30, 2013.
Total assets were USD1.25bn as of quarter end, an increase of 2.03 percent since December 31, 2013. Total deposits were USD1bn as of quarter end, an increase of 2.15 percent since December 31, 2013
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