39 models 

Warband 1 (15/15)  Elrond (army leader) = 170 points 
6x high elf with elf bow (11 points) = 66 points 
7 x high elf with shield (10 points) = 70 points
1 x high elf with banner (34 points) = 34 points 
1 x high elf with shield and spear = 11 points

Warband 2 (9/15) Isildur with horse & the ring = 150 points
9 x numenor warriors with shield & spear (12 points) = 99 points  

Warband 3 (12/12- Rivendell Captain with shield =75 points 
5 x high elf with elf bow (11 points) = 55points 
7 x high elf with shield (10 points) = 70 points