Old Line Bancshares (OLBK) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Document and Entity Information	'	'
Entity Registrant Name	'OLD LINE BANCSHARES INC	'
Entity Central Index Key	'0001253317	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	10,766,212
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets	'	'
Cash and due from banks	$49,957,119	$28,332,456
Interest bearing accounts	30,364	130,192
Federal funds sold	1,005,491	228,113
Total cash and cash equivalents	50,992,974	28,690,761
Investment securities available for sale-at fair value	181,527,632	171,541,222
Loans held for sale, fair value of $22,611,845 and $0	22,584,730	'
Loans held for investment (net of allowance for loan losses of $4,425,645 and $3,965,347, respectively)	805,890,587	595,144,928
Equity securities at cost	5,850,652	3,615,444
Premises and equipment	35,520,366	25,133,013
Accrued interest receivable	3,256,311	2,639,483
Deferred income taxes	21,451,728	7,139,545
Bank owned life insurance	30,357,357	16,869,307
Other real estate owned	5,909,260	3,719,449
Goodwill	7,793,665	633,790
Core deposit intangible	5,518,619	3,691,471
Other assets	3,059,574	3,038,064
Total assets	1,179,713,455	861,856,477
Deposits	'	'
Non-interest bearing	223,503,418	188,895,263
Interest bearing	761,869,410	546,562,555
Total deposits	985,372,828	735,457,818
Short term borrowings	56,204,082	37,905,467
Long term borrowings	6,118,744	6,192,350
Accrued interest payable	250,164	311,735
Income taxes payable	371,026	235,323
Accrued pension	4,844,855	4,615,699
Other liabilities	3,419,993	1,884,924
Total liabilities	1,056,581,692	786,603,316
Stockholders' equity	'	'
Common stock, par value $0.01 per share; authorized 25,000,000 in 2013 and 15,000,000 for 2012; issued and outstanding 10,761,113 in 2013 and 6,845,432 in 2012	107,612	68,454
Additional paid-in capital	104,408,960	53,792,015
Retained earnings	20,882,086	18,531,387
Accumulated other comprehensive income (loss)	-2,628,710	2,469,758
Total Old Line Bancshares, Inc. stockholders' equity	122,769,948	74,861,614
Non-controlling interest	361,815	391,547
Total stockholders' equity	123,131,763	75,253,161
Total liabilities and stockholders' equity	$1,179,713,455	$861,856,477

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Consolidated Balance Sheets	'	'
Loans held for sale, fair value (in dollars)	$22,611,845	$0
Loans held for investment, allowance for loan losses (in dollars)	$4,425,645	$3,965,347
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized shares	25,000,000	15,000,000
Common stock, shares issued	10,761,113	6,845,432
Common stock, shares outstanding	10,761,113	6,845,432

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest Income	'	'	'	'
Loans, including fees	$11,527,459	$8,702,142	$28,687,187	$25,287,273
U.S. treasury securities	431	2,420	2,612	7,198
U.S. government agency securities	161,317	81,936	379,672	274,534
Mortgage backed securities	358,115	540,022	1,075,989	1,798,763
Municipal securities	442,722	414,656	1,360,230	1,144,483
Federal funds sold	650	1,696	3,023	4,658
Other	67,780	57,701	174,441	149,648
Total interest income	12,558,474	9,800,573	31,683,154	28,666,557
Interest expense	'	'	'	'
Deposits	970,911	1,057,075	2,793,005	3,271,773
Borrowed funds	111,727	206,721	363,687	632,208
Total interest expense	1,082,638	1,263,796	3,156,692	3,903,981
Net interest income	11,475,836	8,536,777	28,526,462	24,762,576
Provision for loan losses	590,000	375,000	990,000	1,125,000
Net interest income after provision for loan losses	10,885,836	8,161,777	27,536,462	23,637,576
Non-interest income	'	'	'	'
Service charges on deposit accounts	466,572	315,468	1,134,986	962,937
Gain on sales or calls of investment securities	'	289,511	641,088	849,539
Earnings on bank owned life insurance	253,894	137,082	587,763	412,283
Gain (loss) on disposal of assets	'	'	-104,639	9,365
Rental Income	325,451	'	505,610	'
Gain on sale of loans	332,348	'	477,587	'
Other fees and commissions	268,872	146,550	785,557	529,873
Total non-interest revenue	1,647,137	888,611	4,027,952	2,763,997
Non-interest expense	'	'	'	'
Salaries and benefits	4,780,588	3,016,334	12,139,833	8,850,143
Occupancy and equipment	1,510,527	933,775	3,794,342	2,756,222
Data processing	459,973	214,187	1,028,907	631,154
FDIC insurance and State of Maryland assessments	217,491	157,206	559,730	435,851
Merger and integration	143,082	49,290	3,169,917	107,624
Core deposit premium amortization	231,118	177,582	607,575	549,839
Loss (gain) on sales of other real estate owned	11,072	48,509	212,296	-110,704
OREO expense	159,234	38,933	628,307	593,917
Other operating	1,846,104	1,494,451	4,833,847	4,092,350
Total non-interest expense	9,359,189	6,130,267	26,974,754	17,906,396
Income before income taxes	3,173,784	2,920,121	4,589,660	8,495,177
Income tax expense	970,510	912,490	1,208,816	2,739,254
Net income	2,203,274	2,007,631	3,380,844	5,755,923
Less: Net loss attributable to the non-controlling interest	-5,142	-20,664	-29,732	-57,678
Net income available to common stockholders	$2,208,416	$2,028,295	$3,410,576	$5,813,601
Basic earnings per common share (in dollars per share)	$0.22	$0.30	$0.40	$0.85
Diluted earnings per common share (in dollars per share)	$0.22	$0.29	$0.40	$0.84

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements of Comprehensive Income (Loss)	'	'	'	'
Net income available to common stockholders	$2,208,416	$2,028,295	$3,410,576	$5,813,601
Other comprehensive income (loss)	'	'	'	'
Unrealized gain (loss) on securities available for sale	2,175,946	1,753,314	-7,778,478	2,140,983
Reclassification adjustment for realized gain on securities available for sale included in net income	'	-289,511	-641,088	-849,539
Income tax effect	-858,302	-577,397	3,321,098	-509,410
Other comprehensive income (loss)	1,317,644	886,406	-5,098,468	782,034
Total comprehensive income (loss)	$3,526,060	$2,914,701	($1,687,892)	$6,595,635

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Stockholders' Equity (USD $)	Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Non-controlling Interest
Balance at Dec. 31, 2012	$75,253,161	$68,454	$53,792,015	$18,531,387	$2,469,758	$391,547
Balance (in shares) at Dec. 31, 2012	6,845,432	6,845,432	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Net income attributable to Old Line Bancshares, Inc.	3,410,576	'	'	3,410,576	'	'
Unrealized loss on securities available for sale, net of income tax benefit of $3,321,098	-5,098,468	'	'	'	-5,098,468	'
Net loss attributable to non-controlling interest	-29,732	'	'	'	'	-29,732
Stock options exercised	647,438	631	646,807	'	'	'
Stock options exercised (in shares)	'	63,149	'	'	'	'
Acquisition of WSB Holdings, Inc.	37,647,062	29,095	37,617,967	'	'	'
Acquisition of WSB Holdings, Inc. (in shares)	'	2,909,486	'	'	'	'
Stock based compensation awards	184,034	'	184,034	'	'	'
Restricted stock issued	'	84	-84	'	'	'
Restricted stock issued (in shares)	'	8,382	'	'	'	'
Forfeiture of shares	'	-20	20	'	'	'
Forfeiture of shares (in shares)	'	-2,031	'	'	'	'
Private placement - common stock	12,177,569	9,368	12,168,201	'	'	'
Private placement - common stock (in shares)	'	936,695	'	'	'	'
Common stock cash dividend $0.12 per share	-1,059,877	'	'	-1,059,877	'	'
Balance at Sep. 30, 2013	$123,131,763	$107,612	$104,408,960	$20,882,086	($2,628,710)	$361,815
Balance (in shares) at Sep. 30, 2013	10,761,113	10,761,113	'	'	'	'

Consolidated_Statement_of_Chan1

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) (USD $)	9 Months Ended
	Sep. 30, 2013
Consolidated Statement of Changes in Stockholders' Equity	'
Unrealized loss on securities available for sale, income tax benefit (in dollars)	$3,321,098
Dividend per common share (in dollars per share)	$0.12

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities	'	'
Interest received	$33,053,311	$29,092,041
Fees and commissions received	2,620,340	1,573,317
Interest paid	-3,464,679	-3,959,698
Cash paid to suppliers and employees	-22,325,531	-15,432,704
Loans originated for sale	-22,192,101	'
Proceeds from sale of loans originated for sale	24,272,848	'
Income taxes paid	-539,614	-2,657,389
Net cash provided by operating activities	11,424,574	8,615,567
Cash flows from investing activities	'	'
Cash and cash equivalents of acquired bank	38,846,599	'
Purchase of investment securities available for sale	-27,016,237	-81,559,306
Proceeds from disposal of investment securities	'	'
Available for sale at maturity or call	87,395,951	38,772,596
Available for sale sold	'	25,572,809
Loans made, net of principal collected	-74,260,660	-34,950,662
Proceeds from sale of other real estate owned	2,905,643	810,310
Improvements to other real estate owned	'	-15,525
Redemption of equity securities	-2,109,051	103,550
Purchase of premises, equipment and software	-1,378,263	-1,556,090
Net cash provided by investing activities	24,383,982	-52,822,318
Net increase (decrease) in	'	'
Time deposits	-24,202,612	-24,899,126
Other deposits	57,922,907	65,209,819
Short term borrowings	-41,951,953	5,871,951
Long term borrowings	-73,606	-68,016
Acquisition cash consideration	-16,966,208	'
Stock proceeds from private placement	12,177,568	'
Stock options exercised	647,439	23,131
Cash dividends paid-common stock	-1,059,878	-819,512
Net cash used in financing activities	-13,506,343	45,318,247
Net increase (decrease) in cash and cash equivalents	22,302,213	1,111,496
Cash and cash equivalents at beginning of period	28,690,761	43,636,724
Cash and cash equivalents at end of period	50,992,974	44,748,220
Reconciliation of net income to net cash provided by operating activities	'	'
Net income	3,380,844	5,755,923
Adjustments to reconcile net income to net cash provided by operating activities	'	'
Depreciation and amortization	1,265,324	897,150
Provision for loan losses	990,000	1,125,000
Change in deferred loan fees net of costs	118,905	-215,995
(Gain)/loss on sales or calls of securities	-641,088	-849,539
Amortization of premiums and discounts	981,667	799,727
Change in loans held for sale	2,080,747	'
Gain on the sale of loans	-477,587	'
(Gain)/loss on sales of other real estate owned	212,296	-110,704
Write down of other real estate owned	84,040	281,000
(Gain)/loss on sale of fixed assets	104,639	-9,365
Amortization of intangible	607,576	549,839
Deferred income taxes	533,499	-66,149
Stock based compensation awards	184,034	135,381
Increase (decrease) in	'	'
Accrued interest payable	-307,987	-55,717
Income tax payable	135,703	148,014
Accrued pension	229,156	228,061
Other liabilities	-1,562,724	528,234
Decrease (increase) in	'	'
Accrued interest receivable	269,585	-158,248
Bank owned life insurance	-501,233	-341,141
Other assets	3,737,178	-25,904
Net cash provided by operating activities	11,424,574	8,615,567
Supplemental disclosure of noncash activities:	'	'
Transfer to loans from other real estated owned	233,580	191,921
WSB Holdings, Inc.	'	'
Fair value of assets and liabilities from acquisition:	'	'
Fair value of tangible assets acquired	264,156,097	'
Other intangible assets acquired	46,120,580	'
Fair value of liabilities assumed	-317,436,552	'
Net identifiable asset acquired over (under) liabilities assumed	($7,159,875)	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	1.                                     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Organization and Description of Business-Old Line Bancshares, Inc. (Old Line Bancshares) was incorporated under the laws of the State of Maryland on April 11, 2003 to serve as the holding company of Old Line Bank (Bank).  The primary business of Old Line Bancshares is to own all of the capital stock of Old Line Bank.  We provide a full range of banking services to customers located in Anne Arundel, Calvert, Charles, Prince George’s, and St. Mary’s counties in Maryland and surrounding areas.
	Basis of Presentation and Consolidation-The accompanying condensed consolidated financial statements include the activity of Old Line Bancshares and its wholly owned subsidiary, Old Line Bank, and its majority owned subsidiary Pointer Ridge Office Investments, LLC (Pointer Ridge), a real estate investment company.  We have eliminated all significant intercompany transactions and balances.
	We report the non-controlling interests in Pointer Ridge separately in the consolidated balance sheet.  We report the income of Pointer Ridge attributable to Old Line Bancshares on the consolidated statement of income.
	The foregoing consolidated financial statements for the periods ended September 30, 2013 and 2012 are unaudited; however, in the opinion of management we have included all adjustments (comprising only normal recurring accruals) necessary for a fair presentation of the results of the interim period.  We derived the balances as of December 31, 2012 from audited financial statements.  These statements should be read in conjunction with Old Line Bancshares’ financial statements and accompanying notes included in Old Line Bancshares’ Form 10-K for the year ended December 31, 2012.  Old Line Bancshares adopted one new critical accounting policy during the second quarter of this year as follows:
	Business Combinations and Acquired Loan Accounting.  Accounting principles generally accepted in the United States (US GAAP) requires that the acquisition method of accounting, formerly referred to as purchase method, be used for all business combinations and that an acquirer be identified for each business combination. Under US GAAP, the acquirer is the entity that obtains control of one or more businesses in the business combination, and the acquisition date is the date the acquirer achieves control.  US GAAP requires that the acquirer recognize the fair value of assets acquired, liabilities assumed, and any noncontrolling interest in the acquiree at the acquisition date.
	Acquired loans are recorded at fair value at the date of acquisition, and accordingly no allowance for loan losses is transferred to the acquiring entity in connection with purchase accounting. The fair values of loans with evidence of credit deterioration (purchased, credit-impaired loans) are initially recorded at fair value, but thereafter accounted for differently than purchased, non-credit-impaired loans.  For purchased, credit-impaired loans, the excess of all cash flows estimated to be collectable at the date of acquisition over the purchase price of the purchase credit-impaired loan is recognized as interest income, using a level-yield basis over the life of the loan.  This amount is referred to as the accretable yield.  The purchased credit-impaired loan’s contractually-required payments receivable estimated to be in excess of the amount of its future cash flows expected at the date of acquisition is referred to as the non-accretable difference, and is not reflected as an adjustment to the yield, in the form of a loss accrual or a valuation allowance.
	Subsequent to the acquisition date, management continues to monitor cash flows on a quarterly basis, to determine the performance of each purchased, credit-impaired loan in comparison to management’s initial performance expectations.  Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent significant increases in cash flows result in a reversal of the provision for loan losses to the extent of prior provisions, or a reclassification of amount from non-accretable difference to accretable yield, with a positive impact on the accretion of interest income in future periods.
	Acquired performing loans are accounted for using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Acquired performing loans are recorded as of the purchase date at fair value. Credit losses on the acquired performing loans are estimated based on analysis of the performing portfolio. A provision for loan losses is recognized for any further credit deterioration that occurs in these loans subsequent to the acquisition date. We had one acquired loan from MB&T of which we recognized further credit deterioration in the quarter ending September 30, 2013, and recorded a $290,000 specific reserve.
	Allowance for Loan Losses - During the third quarter of 2013, management revised the methodology for the loss-rate analysis for the performing loan portfolios due to the increase in total loans and the complexity of the loan portfolio.  The primary changes in the methodology were to segment loans with similar risk characteristics and change the look back period to 12 quarters.  Previously we used various loss measurement periods for the different segments. Some were three year and some had history disregarded because there was so little in losses.
	These changes were effective September 30, 2013 and resulted in no additional provision for the quarter ending September 30, 2013. Management made the following changes to the methodology during the third quarter of 2013:
	·                              The portfolio is analyzed in the following segments for the ASC 450 analysis pool and is sorted by the following loan types:
	Commercial & Industrial Loans
	Commercial Real Estate Loans — Owner Occupied
	Commercial Real Estate Loans — Non-owner occupied
	Commercial Real Estate Loans — Hotels/Motels/Inns
	Residential Land Loans
	Residential Acquisition & Development Loans
	Commercial Land Loans
	Commercial Acquisition & Development Loans
	Residential First Lien Loans (including construction) — Investor
	Residential First Lien Loans (including construction) — Owner Occupied
	HELOC & Closed End Junior Lien Loans
	Consumer Installment Loans — Boats
	Consumer Installment Loans — Other
	Consumer Revolving & Credit Cards
	·                              Within each of the above loan types, each portfolio is sorted by the risk assessment rating of each loan as Pass, Pass-Watch, Special Mention or Substandard.
	·                              The Bank’s loss experience for each of the last 12 quarters is aggregated and that total is used to create a percentage of the loan portfolio as it existed at the beginning of the 12 quarter “look back.”
	·                              The Bank’s loss experience (Loss Factor) is progressively tiered by risk category for Pass, Pass-Watch, Special Mention and Substandard loans by applying a higher loss factor to higher risk rated categories. Loans rated “Doubtful” or “Loss” are, by definition, impaired and will be specifically reserved based upon Bank management’s best estimate of the loss exposure for each loan.
	Loans Held-for-Sale-The loans classified in the held-for-sale portfolio consists of loans that have been committed to be purchased by investors in the secondary market at September 30, 2013 and will be settled subsequent to that date.  Only loans purchased by investors with recourse obligations are included in the allowance calculation.
	The loans classified in the held-for-sale portfolio also include a pool of acquired impaired loans that we are currently working to market with brokers. These loans are not included in the allowance calculation due to the fair value accounting of the purchased loans.
	The accounting and reporting policies of Old Line Bancshares conform with US GAAP.
	Reclassifications-We have made certain reclassifications to the 2012 financial presentation to conform to the 2013 presentation.  These reclassifications did not change net income or stockholders’ equity.

POINTER_RIDGE_OFFICE_INVESTMEN

POINTER RIDGE OFFICE INVESTMENT, LLC	9 Months Ended
	Sep. 30, 2013
POINTER RIDGE OFFICE INVESTMENT, LLC	'
POINTER RIDGE OFFICE INVESTMENT, LLC	'
	2.              POINTER RIDGE OFFICE INVESTMENT, LLC
	Old Line Bank has a 62.5% ownership of Pointer Ridge Office Investment, LLC and we have consolidated its results of operations from the date of acquisition.
	The following table summarizes the condensed Balance Sheets and Statements of Income information for Pointer Ridge Office Investment, LLC.
		September 30,			December 31,
	Balance Sheets	2013			2012
	Current assets	$	278,672		$	313,165
	Non-current assets	6,820,995			6,938,990
	Liabilities	6,134,827			6,208,029
	Equity	964,840			1,044,126
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Statements of Income
	Revenue	$	230,223		$	213,415		$	676,613		$	624,669
	Expenses	243,936			268,519			755,899			778,478
	Net loss	$	(13,713	)	$	(55,104	)	$	(79,286	)	$	(153,809	)

ACQUISITION_OF_WSB_HOLDINGS_IN

ACQUISITION OF WSB HOLDINGS, INC.	9 Months Ended
	Sep. 30, 2013
ACQUISITION OF WSB HOLDINGS, INC.	'
ACQUISITION OF WSB HOLDINGS, INC.	'
	3.                          ACQUISITION OF WSB HOLDINGS, INC.
	On May 10, 2013, Old Line Bancshares acquired WSB Holdings, Inc. (WSB Holdings), the parent company of The Washington Savings Bank, F.S.B. (WSB). We converted each share of common stock of WSB Holdings into the right to receive, at the holder’s election, $6.0743 in cash or 0.557 shares of Old Line Bancshares’ common stock. We paid cash for any fractional shares of Old Line Bancshares’ common stock and aggregate cash consideration of $17.0 million.  The total merger consideration was $54.7 million.
	In connection with the acquisition, WSB was merged with and into Old Line Bank, with Old Line Bank the surviving bank.
	The acquired assets and assumed liabilities of WSB Holdings were measured at estimated fair value. Management made significant estimates and exercised significant judgment in accounting for the acquisition of WSB Holdings. Management judgmentally assigned risk ratings to loans based on appraisals and estimated collateral values, expected cash flows, prepayment speeds and estimated loss factors to measure fair values for loans. Other real estate acquired through foreclosure was valued based upon pending sales contracts and appraised values, adjusted for current market conditions. Premises and equipment was valued based on recent appraised values.  Management used quoted or current market prices to determine the fair value of investment securities, and long-term borrowings that were assumed from WSB Holdings.
	The statement of net assets acquired and the resulting acquisition date goodwill recorded is presented in the following table. As explained in the notes that accompany the following table, the purchased assets, assumed liabilities and identifiable intangible assets were recorded at the acquisition date fair value.
								As Recorded by
		As Recorded by			Fair Value			Old Line
		WSB Holdings, Inc			Adjustments			Bancshares, Inc.
	Assets
	Cash and due from banks	$	5,576,699		$	—		$	5,576,699
	Federal funds sold	33,269,900			(16,966,208		)	16,303,692
	Total cash and cash equivalents	38,846,599			(16,966,208		)	21,880,391
	Investment securities available for sale	79,476,355			(101,654		)(a)	79,374,701
	Loans, net of deferred fees and costs	177,204,282			(14,263,180		)(b)	162,941,102
	Allowance for loan losses	(2,767,274		)	2,767,274		(b)	—
	Premises and equipment	4,705,902			5,673,151		(c)	10,379,053
	Accrued interest receivable	886,413			—			886,413
	Deferred income taxes	7,396,519			4,005,790		(d)	11,402,309
	Bank owned life insurance	12,986,817			—			12,986,817
	Other real estate owned	5,225,958			(993,476		)(e)	4,232,482
	Core deposit intangible	—			2,434,723		(f)	2,434,723
	Other assets	4,326,538			(567,850		)(g)	3,758,688
	Total assets	$	328,288,109		$	(18,011,430	)	$	310,276,679
	Liabilities and Stockholders’ Equity
	Deposits
	Non-interest bearing	$	10,863,874		$	—		$	10,863,874
	Interest bearing	204,375,389			955,452		(h)	205,330,841
	Total deposits	215,239,263			955,452			216,194,715
	Long term borrowings	56,000,000			4,250,568		(i)	60,250,568
	Accrued interest payable	246,416			—			246,416
	Other liabilities	2,979,727			—			2,979,727
	Total liabilities	$	274,465,406		$	5,206,020		$	279,671,426
	Net identifiable assets acquired over (under) liabilities assumed	53,822,703			(23,217,450		)	30,605,253
	Goodwill	—			7,159,875			7,159,875
	Net assets acquired over liabilities assumed	53,822,703			(16,057,575		)	37,765,128
	Purchase Price Consideration-Common Stock
	WSB Holdings shares outstanding exchanged for stock				5,223,633
	Exchange ratio				0.557
	Old Line Bancshares shares issued to WSB Holdings				2,909,486
	Purchase price per WSB Holdings common share				$	6.0743
	Cash consideration				$	16,966,208
	Purchase price assigned to shares exchanged for stock				$	37,765,128
	Explanation of fair value adjustments
	(a)         Adjustment reflects marking the available for sale portfolio to fair value as of the acquisition date.
	(b)         Adjustment reflects the fair value adjustments based on Old Line Bancshares’ evaluation of the acquired loan portfolio and excludes the allowance for losses recorded by WSB Holdings.
	(c)          Adjustment reflects the fair value adjustments based on Old Line Bancshares’ evaluation of the acquired premises and equipment.
	(d)         Adjustment to record deferred tax asset related to fair value adjustments at 39.45% income tax rate.
	(e)          Adjustment reflects the fair value adjustments to other real estate owned based on Old Line Bancshares’ evaluation of the acquired other real estate owned portfolio.
	(f)           Adjustment reflects the recording of the core deposits intangible on the acquired deposit accounts.
	(g)          Adjustment reflects the impairment of certain WSB Holdings’ prepaid and deferred accounts.
	(h)         Adjustment arises since the rates on interest-bearing deposits are higher than rates available on similar deposits as of the acquisition date.
	(i)    Adjustment reflects the fair value of WSB Holdings’ borrowings acquired on acquisition date and is related to the Federal Home Loan Bank of Atlanta (“FHLB”) pre-payment penalty incurred subsequent to the acquisition date in the connection with the repayment of all of WSB’s FHLB advances by Old Line Bancshares.
	During the third quarter of 2013, within the measurement period, goodwill was increased $946,241 associated with the acquisition of WSB Holdings.  As outlined in Footnote 2 of our financial statements, this amount represented the difference between the estimated fair value of tangible and intangible assets acquired and liabilities assumed at acquisition date.  This increased represents $102,484 fair value adjustment on one of our lot loans, $2,949 in our deferred tax assets and $8,310 credit on one commercial land loan and $849,118 on fair value of our investments classified as available for sale that we identified during the period.
	Pro Forma Results
	The following schedule includes consolidated statements of income data for the unaudited pro forma results for the periods ended September 30, 2013 and 2012 as if the WSB Holdings acquisition had occurred as of the beginning of the periods presented.
		Nine Months Ended
		September 30,
		2013			2012
	Net interest income	$	31,405		$	33,137
	Other non-interest revenue	5,275			5,402
	Total revenue	36,680			38,539
	Provision expense	990			1,125
	Other non-interest expense	32,825			31,477
Income before income taxes	2,865			5,937
Income tax expense	1,102			2,283
Net income	$	1,763		$	3,654
Basic earnings per share	0.21			0.48
Diluted earnings per share	0.21			0.47
We have not included any provision for loan losses during the periods for loans acquired from WSB.  In accordance with accounting for business combinations, we included the credit losses evident in the loans in the determination of the fair value of loans at the date of acquisition and eliminated the allowance for loan losses maintained by WSB at acquisition date.
We have presented the pro forma financial information for illustrative purposes only and it is not necessarily indicative of the financial results of the combined companies if we actually had completed the acquisition at the beginning of the periods presented, nor does it indicate future results for any other interim or full year period.  Pro forma basic and diluted earnings per common share were calculated using Old Line Bancshares’ actual weighted average shares outstanding for the periods presented, plus the incremental shares issued, assuming the acquisition occurred at the beginning of the periods presented.

INVESTMENT_SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2013
INVESTMENT SECURITIES	'
INVESTMENT SECURITIES	'
	4.                                      INVESTMENT SECURITIES
	Presented below is a summary of the amortized cost and estimated fair value of securities.
		Amortized		Gross		Gross			Estimated
		cost		unrealized		unrealized			fair value
				gains		losses
	September 30, 2013
	Available for sale
	U. S. treasury	$	1,249,400	$	513	$	—		$	1,249,913
	U.S. government agency	47,396,111		5,250		(1,609,748		)	45,791,613
	Municipal securities	61,815,232		794,982		(2,556,967		)	60,053,247
	Mortgage backed securities:
	FHLMC certificates	5,473,276		86,789		(47,436		)	5,512,629
	FNMA certificates	19,629,429		236,141		(367,592		)	19,497,978
	GNMA certificates	42,880,388		170,317		(980,782		)	42,069,923
	SBA loan pools	7,646,296		—		(293,967		)	7,352,329
		$	186,090,132	$	1,293,992	$	(5,856,492	)	$	181,527,632
	December 31, 2012
	Available for sale
	U. S. treasury	$	1,249,708	$	1,542	$	—		$	1,251,250
	U.S. government agency	28,493,293		105,183		(27,505		)	28,570,971
	Municipal securities	61,670,324		2,453,427		(270,102		)	63,853,649
	Mortgage backed securities
	FHLMC certificates	6,448,848		245,541		(4,858		)	6,689,531
	FNMA certificates	17,600,875		858,903		—			18,459,778
	GNMA certificates	50,914,071		700,339		(2,699		)	51,611,711
	SBA loan pools	1,098,701		5,631		—			1,104,332
		$	167,475,820	$	4,370,566	$	(305,164	)	$	171,541,222
	As of September 30, 2013, securities with unrealized losses segregated by length of impairment were as follows:
		September 30, 2013
		Less than 12 months				12 Months or More					Total
		Fair		Unrealized		Fair			Unrealized		Fair		Unrealized
		value		losses		value			losses		value		losses
	Unrealized losses less than 12 months
	U.S. government agency	$	42,786,362	$	1,609,748	$	—		$	—	$	42,786,362	$	1,609,748
	Municipal securities	33,720,874		2,398,106		1,712,342			158,861		35,433,216		2,556,967
	Mortgage backed securities	47,005,953		1,395,810		—			—		47,005,953		1,395,810
	SBA loan pools	7,352,328		293,967							7,352,328		293,967
	Total unrealized losses less than 12 months	$	130,865,517	$	5,697,631	$	1,712,342		$	158,861	$	132,577,859	$	5,856,492
		December 31,2012
		Less than 12 months				12 Months or More					Total
		Fair		Unrealized		Fair			Unrealized		Fair		Unrealized
		value		losses		value			losses		value		losses
	Unrealized losses less than 12 months
	U.S. government agency	$	4,498,200	$	27,505	$	—		$	—	$	4,498,200	$	27,505
	Municipal securities	13,470,047		270,102		—			—		13,470,047		270,102
	Mortgage backed securities	2,797,011		7,557		—			—		2,797,011		7,557
	Total unrealized losses less than 12 months	$	20,765,258	$	305,164	$	—		$	—	$	20,765,258	$	305,164
	At September 30, 2013 we had three municipal securities in an unrealized loss position greater than the 12 months time frame and 141 securities in an unrealized loss position less than the 12 months time frame.  At December 31, 2012 we had 35 securities in an unrealized loss position less than the 12 months time frame and no securities in an unrealized loss position greater than the 12 months time frame.
	We consider all unrealized losses on securities as of September 30, 2013 to be temporary losses because we will redeem each security at face value at or prior to maturity.  We have the ability and intent to hold these securities until recovery or maturity.  As of September 30, 2013, we do not have the intent to sell any of the securities classified as available for sale and believe that it is more likely than not that we will not have to sell any such securities before a recovery of cost.  In most cases, market interest rate fluctuations cause a temporary impairment in value.  We expect the fair value to recover as the investments approach their maturity date or re-pricing date or if market yields for these investments decline.  We do not believe that credit quality caused the impairment in any of these securities.  Because we believe these impairments are temporary, we have not realized any loss in our consolidated statement of income.
	We have recorded no gross realized gains for the three month period ending September 30, 2013 compared to $289,511 for the same three month period last year from the sale or call of investment securities.  Recorded gross realized gains for the nine month period ended September 30, 2013 was $641,088 compared to $849,539 for the same nine month period last year.  During the nine month periods ended September 30, 2013 and 2012, we received $87.3 million and $64.3 million, respectively, in proceeds from sales, maturities or calls of investment securities.
	Contractual maturities and pledged securities at September 30, 2013 are shown below.  Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without prepayment penalties.  We classify mortgage backed securities based on maturity date.  However, we receive payments on a monthly basis.
		Available for Sale
	September 30, 2013	Amortized		Fair
		cost		value
	Maturing
	Within one year	$	1,249,400	$	1,249,913
	Over one to five years	11,628,857		11,658,412
	Over five to ten years	50,571,838		49,206,713
	Over ten years	122,640,037		119,412,594
		$	186,090,132	$	181,527,632
	Pledged securities	$	38,229,610	$	37,937,586

LOANS

LOANS	9 Months Ended
	Sep. 30, 2013
LOANS	'
LOANS	'
	5.                            LOANS
	Major classifications of loans held for investment are as follows:
		September 30, 2013									December 31, 2012
	Held-for-investment	Legacy (1)			Acquired			Total			Legacy (1)			Acquired			Total
	Real estate
	Commercial	$	334,552,174		$	99,524,172		$	434,076,346		$	279,489,013		$	65,396,469		$	344,885,482
	Construction	68,310,288			24,773,084			93,083,372			48,603,640			4,174,751			52,778,391
	Residential	56,697,617			97,674,279			154,371,896			38,901,489			52,069,937			90,971,426
	Commercial	105,516,338			11,034,397			116,550,735			88,306,302			10,070,234			98,376,536
	Boats	6,813,030			—			6,813,030						—			—
	Other consumer	3,380,897			1,064,878			4,445,775			9,944,466			1,059,991			11,004,457
		575,270,344			234,070,810			809,341,154			465,244,910			132,771,382			598,016,292
	Allowance for loan losses	(4,184,021		)	(241,624		)	(4,425,645		)	(3,648,723		)	(316,624		)	(3,965,347		)
	Deferred loan costs, net	963,167			11,911			975,078			1,093,983			—			1,093,983
		$	572,049,490		$	233,841,097		$	805,890,587		$	462,690,170		$	132,454,758		$	595,144,928
	(1)         As a result of the acquisitions of Maryland Bankcorp, Inc. (Maryland Bankcorp), the parent company of Maryland Bank & Trust Company, N.A. (MB&T), in April 2011 and of WSB Holdings, we have segmented the portfolio into two components, loans originated by Old Line Bank (legacy) and loans acquired from MB&T and WSB (acquired).
	Credit policies and Administration
	We have adopted a comprehensive lending policy, which includes stringent underwriting standards for all types of loans.  We have designed our underwriting standards to promote a complete banking relationship rather than a transactional relationship.  In an effort to manage risk, prior to funding, the loan committee consisting of the Executive Officers and seven members of the Board of Directors must approve by a majority vote all credit decisions in excess of a lending officer’s lending authority.  Management believes that it employs experienced lending officers, secures appropriate collateral and carefully monitors the financial condition of its borrowers and loan concentrations.
	In addition to the internal business processes employed in the credit administration area, the Bank retains an outside independent firm to review the loan portfolio.  This firm performs a detailed annual review and an interim update.
	We use the results of the firm’s report to validate our internal ratings and we review the commentary on specific loans and on our loan administration activities in order to improve our operations.
	Commercial Real Estate Loans
	Commercial real estate lending entails significant risks.  Risks inherent in managing our commercial real estate portfolio relate to sudden or gradual drops in property values as well as changes in the economic climate that may detrimentally impact the borrower’s ability to repay.  We attempt to mitigate these risks by carefully underwriting these loans.  We also generally require the personal or corporate guarantee(s) of the owners and/or occupant(s) of the property.  For loans of this type in excess of $250,000, we monitor the financial condition and operating performance of the borrower through a review of annual tax returns and updated financial statements.  In addition, we meet with the borrower and/or perform site visits as required.  Many of the loans acquired do not comply with underwriting standards that we maintain.  Accordingly, during our due diligence process, we evaluated these loans using our underwriting standards and discounted the book value of these loans.  We subsequently incorporated this discounted book value into our initial purchase price.
	Management tracks all loans secured by commercial real estate.  With the exception of loans to the hospitality industry, the properties secured by commercial real estate are diverse in terms of type.  This diversity helps to reduce our exposure to economic events that affect any single market or industry.  As a general rule, we avoid financing single purpose properties unless other underwriting factors are present to help mitigate the risk.  As previously mentioned, we do have a concentration in the hospitality industry.  At September 30, 2013 and December 31, 2012, we had approximately $66.7 million and $61.3 million, respectively, of commercial real estate loans to the hospitality industry.  An individual review of these loans indicates that they generally have a low loan to value, more than acceptable existing or projected cash flow, are to experienced operators and are generally dispersed throughout the region.
	Real Estate Construction Loans
	This segment of our portfolio consists of funds advanced for construction of single family residences, multi-family housing and commercial buildings.  These loans generally have short durations, meaning maturities typically of nine months or less.  Residential houses, multi-family dwellings and commercial buildings under construction and the underlying land for which the loan was obtained secure the construction loans.  All of these loans are concentrated in our primary market area.
	Construction lending also entails significant risk.  These risks involve larger loan balances concentrated with single borrowers with funds advanced upon the security of the land or the project under construction.  An appraisal of the property estimates the value of the project prior to completion of construction.  Thus, it is more difficult to accurately evaluate the total loan funds required to complete a project and related loan to value ratios.  To mitigate the risks, we generally limit loan amounts to 80% of appraised values and obtain first lien positions on the property.  We generally only offer real estate construction financing to experienced builders, commercial entities or individuals who have demonstrated the ability to obtain a permanent loan “take-out.”  We also perform a complete analysis of the borrower and the project under construction.  This analysis includes a review of the cost to construct, the borrower’s ability to obtain a permanent “take-out”, the cash flow available to support the debt payments and construction costs in excess of loan proceeds, and the value of the collateral.  During construction, we advance funds on these loans on a percentage of completion basis.  We inspect each project as needed prior to advancing funds during the term of the construction loan.
	Residential Real Estate Loans
	We offer a variety of consumer oriented residential real estate loans including home equity lines of credit, home improvement loans and first or second mortgages on investment properties.  Our residential loan portfolio consists of a diverse client base.  Although most of these loans are in our primary market area, the diversity of the individual loans in the portfolio reduces our potential risk.  Usually, we secure our residential real estate loans with a security interest in the borrower’s primary or secondary residence with a loan to value not exceeding 85%.  Our initial underwriting includes an analysis of the borrower’s debt/income ratio which generally may not exceed 40%, collateral value, length of employment and prior credit history.  We do not originate any subprime residential real estate loans.
	Commercial Business Lending
	Our commercial business lending consists of lines of credit, revolving credit facilities, accounts receivable financing, term loans, equipment loans, SBA loans, standby letters of credit and unsecured loans.  We originate commercial business loans for any business purpose including the financing of leasehold improvements and equipment, the carrying of accounts receivable, general working capital, and acquisition activities.  We have a diverse client base and we do not have a concentration of these types of loans in any specific industry segment.  We generally secure commercial business loans with accounts receivable, equipment, deeds of trust and other collateral such as marketable securities, cash value of life insurance and time deposits at Old Line Bank.
	Commercial business loans generally depend on the success of the business for repayment.  They may also involve high average balances, increased difficulty monitoring and a high risk of default.  To help manage this risk, we typically limit these loans to proven businesses and we generally obtain appropriate collateral and personal guarantees from the borrower’s principal owners and monitor the financial condition of the business.  For loans in excess of $250,000, monitoring generally includes a review of the borrower’s annual tax returns and updated financial statements.
	Consumer Installment Lending
	We offer various types of secured and unsecured consumer loans.  We make consumer loans for personal, family or household purposes as a convenience to our customer base.  However, these loans are not a focus of our lending activities.  As a general guideline, a consumer’s total debt service should not exceed 40% of his or her gross income.  The underwriting standards for consumer loans include a determination of the applicant’s payment history on other debts and an assessment of his or her ability to meet existing obligations and payments on the proposed loan.
	Consumer loans are risky because they are unsecured or rapidly depreciating assets secure these loans.  Repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance because of the greater likelihood of damage, loss or depreciation.  Consumer loan collections depend on the borrower’s continuing financial stability.  If a borrower suffers personal financial difficulties, the consumer may not repay the loan.  Also, various federal and state laws, including bankruptcy and insolvency laws, may limit the amount we can recover on such loans.
	Concentrations of Credit
	Most of our lending activity occurs within the state of Maryland within the suburban Washington D.C. market area in Anne Arundel, Calvert, Charles, Prince George’s and St. Mary’s counties.  The majority of our loan portfolio consists of commercial real estate loans and commercial and industrial loans.  As of September 30, 2013 and December 31, 2012, the only industry in which we had a concentration of loans was the hospitality industry, as previously mentioned.
	Non-Accrual and Past Due Loans
	We consider all loans past due if the borrower has not paid the required principal and interest payments when due under the original or modified terms of the promissory note and place a loan on non-accrual status when the payment of principal or interest has become 90 days past due.  When we classify a loan as non-accrual, we no longer accrue interest on such loan and we reverse any interest previously accrued but not collected.  We will generally restore a non-accrual loan to accrual status when the borrower brings delinquent principal and interest payments current and we expect to collect future monthly principal and interest payments.  We recognize interest on non-accrual legacy loans only when received.  We originally recorded purchased, credit-impaired loans at fair value upon acquisition, and an accretable yield is established and recognized as interest income on purchased loans to the extent subsequent cash flows support the estimated accretable yield.  Purchased, credit-impaired loans that perform consistent with the accretable yield expectations are not reported as non-accrual or non-performing.  However, purchased, credit-impaired loans that do not continue to perform according to accretable yield expectations are considered impaired, and presented as non-accrual and non-performing.  Currently, management expects to fully collect the carrying value of acquired, credit-impaired loans.
	The table below presents an aging analysis of the loan held for investment portfolio at September 30, 2013 and December 31, 2012.
	Age Analysis of Past Due Loans
		September 30, 2013									December 31, 2012
		Legacy			Acquired			Total			Legacy			Acquired			Total
	Current	$	565,917,029		$	227,454,582		$	793,371,611		$	459,073,548		$	127,754,017		$	586,827,565
	Accruing past due loans:
	30-59 days past due
	Real estate	737,044			1,779,236			2,516,280			218,700			447,399			666,099
	Commercial	—			34,827			34,827			436,806			36,923			473,729
	Consumer	—			386			386			—			45,322			45,322
	Total 30-59 days past due	737,044			1,814,449			2,551,493			655,506			529,644			1,185,150
	60-89 days past due
	Real estate	1,121,860			1,170,389			2,292,249			1,141,779			62,852			1,204,631
	Commercial	452,647			—			452,647			—			—			—
	Consumer	—			97			97			1,453			9,882			11,335
	Total 60-89 days past due	1,574,507			1,170,486			2,744,993			1,143,232			72,734			1,215,966
	90 or more days past due
	Real estate	1,849,685			3,401,580			5,251,265			—			—			—
	Consumer	101,420			—			101,420			—			6,410			6,410
	Total 90 or more days past due	1,951,105			3,401,580			5,352,685			—			6,410			6,410
	Total accruing past due loans	4,262,656			6,386,515			10,649,171			1,798,738			608,788			2,407,526
	Recorded Investment Non-accruing loans: (1)
	Real estate:
	Commercial	—			—			—			1,226,011			1,401,187			2,627,198
	Construction	—			—			—			—			100,000			100,000
Residential	552,877			—			552,877			591,873			2,555,374			3,147,247
Commercial	1,302,147			—			1,302,147			—			35,392			35,392
Consumer	14,781			—			14,781			—			—			—
Total Recorded Investment Non-accruing past due loans:	1,869,805			—			1,869,805			1,817,884			4,091,953			5,909,837
Total Financing Receivables (Loans)	$	572,049,490		$	233,841,097		$	805,890,587		$	462,690,170		$	132,454,758		$	595,144,928
(1)         Acquired, credit-impaired loans performing in accordance with accretable yield estimates are reported as accruing loans.
We consider all non-performing loans and troubled debt restructurings (TDRs) to be impaired. We do not recognize interest income on non-performing loans during the time period that the loans are non-performing. We only recognize interest income on non-performing loans when we receive payment in full for all amounts due of all contractually required principle and interest, and the loan is current with its contractual terms.
The tables below present our impaired loans at September 30, 2013 and December 31, 2012.
							Three months September 30, 2013									Nine months September 30, 2013
	Unpaid			Recorded			Related			Average			Interest			Average			Interest Income
	Principal			Investment			Allowance			Recorded			Income			Recorded			Recognized
	Balance									Investment			Recognized			Investment
Legacy
With no related allowance recorded:
Real Estate
Commercial	$	1,302,147		$	1,302,147		$	—		$	1,314,245		$	—		$	1,341,363		$	—
Construction	—			—			—			—			—			—			—
Residential	426,989			426,989			—			427,156			—			433,529			—
Commercial	125,888			125,888			—			126,790			—			130,163			—
Consumer	14,781			14,781			—			9,927			64			14,914			64
With an allowance recorded:
Real Estate
Commercial	—			—			—			—			—			—			—
Construction	—			—			—			—			—			—			—
Residential	499,122			499,122			25,000			499,122			4,839			499,122			12,525
Commercial	—			—			—			—			—			—
Total legacy impaired	2,368,927			2,368,927			25,000			2,377,240			4,903			2,419,091			12,589
Acquired (1)
With no related allowance recorded:
Real Estate
Commercial	—			—			—			—			—			—			—
Construction	—			—			—			—			—			—			—
Residential	696,110			655,233			—			656,080			8,424			659,818			24,107
Commercial	88,234			88,234			—			88,513			1,511			89,421			3,406
With an allowance recorded:
Real Estate
Commercial	241,624			241,624			241,624			241,624			—			241,624			—
Construction	—			—			—			—			—			—			—
Residential	—			—			—			—			—			—			—
Commercial	—			—			—			—			—			—			—
Total acquired impaired	1,025,968			985,091			241,624			986,217			9,935			990,863			27,513
Total impaired	$	3,394,895		$	3,354,018		$	266,624		$	3,363,457		14,838			3,409,954			40,102
(1)         Generally accepted accounting principles require that we initially record acquired loans at fair value which includes a discount for loans with credit impairment. These loans are not performing according to their contractual terms and meet the definition of an acquired, credit-impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we do recognize an accretable yield as interest income to the extent such yield is supported by cash flow analysis of the underlying loans.     Acquired, credit-impaired loans where the cash flows do not perform according to initial accretable yield estimates are considered impaired.
Impaired Loans
Twelve months ended December 31, 2012
	Unpaid			Recorded			Related			Average			Interest
	Principal			Investment			Allowance			Recorded			Income
	Balance									Investment			Recognized
Legacy
With no related allowance recorded:
Real Estate
Commercial	$	874,735		$	874,735		$	—		$	686,724		$	—
Construction	—			—			—			727,003			—
Residential	591,873			591,873			—			353,680			76,309
Commercial	—			—			—			145,841			—
With an allowance recorded:
Real Estate
Commercial	849,462			849,462			125,000			1,769,664			31,559
Construction	—			—			—			—			—
Residential	—			—			—			—			—
Commercial	—			—			—			77,976			—
Consumer	—			—			—			142,671			—
Total legacy impaired	2,316,070			2,316,070			125,000			3,903,559			107,868
Acquired (1)
With no related allowance recorded:
Real Estate
Commercial	2,180,807			1,159,563			—			1,664,384			39,476
Construction	2,538,565			100,000			—			683,201			4,186
Residential	3,371,582			1,798,180			—			1,567,514			34,931
Commercial	214,697			126,140			—			172,982			13,896
Consumer	—			—			—			51,540			—
With an allowance recorded:
Real Estate
Commercial	1,628,156			241,624			241,624			657,812			6,319
Construction	—			—			—			—			—
Residential	—			—			—			—			—
Commercial	1,620,660			1,361,520			75,000			543,133			45,963
Total acquired impaired	11,554,467			4,787,027			316,624			5,340,566			144,771
Total impaired	$	13,870,537		$	7,103,097		$	441,624		$	9,244,125		$	252,639
(1)         Generally accepted accounting principles require that we initially record acquired loans at fair value which includes a discount for loans with credit impairment. These loans are not performing according to their contractual terms and meet the definition of an acquired, credit-impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we do recognize an accretable yield as interest income to the extent such yield is supported by cash flow analysis of the underlying loans.     Acquired, credit-impaired loans where the cash flows do not perform according to initial accretable yield estimates are considered impaired.
The table below presents the contract amount due and recorded book balance of the non-accrual loans at September 30, 2013 and December 31, 2012.
Loans on Non-accrual Status
	September 30, 2013											December 31, 2012
	# of		Unpaid			Recorded			Interest Not			# of		Unpaid			Recorded			Interest Not
	Contracts		Principal			Investment			Accrued			Contracts		Principal			Investment			Accrued
			Balance											Balance
Legacy
Real Estate
Commercial	2		$	2,261,011		$	1,302,147		$	85,660		2		$	1,226,011		$	1,226,011		$	103,529
Residential	2		552,877			552,877			46,176			2		591,873			591,873			25,449
Consumer	2		14,781			14,781			31			—		—			—			—
Total non-accrual loans	6		2,828,669			1,869,805			131,867			4		1,817,884			1,817,884			128,978
Acquired (1)
Real Estate
Commercial	—		—			—			—			8		3,808,963			1,401,187			649,266
Construction	—		—			—			—			4		2,538,565			100,000			592,476
Residential	—		—			—			—			10		4,346,364			2,555,374			526,669
Commercial	—		—			—			—			3		123,949			35,392			45,787
Total non-accrual loans	—		—			—			—			25		10,817,841			4,091,953			1,814,198
(1)         Generally accepted accounting principles require that we initially record acquired loans at fair value which includes a discount for loans with credit impairment. These loans are not performing according to their contractual terms and meet the definition of an acquired, credit-impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we do recognize an accretable yield as interest income to the extent such yield is supported by cash flow analysis of the underlying loans.     Acquired, credit-impaired loans where the cash flows do not perform according to initial accretable yield estimates are considered impaired.
We consider a loan a TDR when we conclude that both of the following conditions exist: the restructuring constitutes a concession and the debtor is experiencing financial difficulties.
Restructured loans at September 30, 2013 consisted of six loans for $1,242,589 compared to five loans at December 31, 2012 for $1,193,260.
We had no loans that were modified to a TDR during the three months ending September 30, 2013 and 2012.
The following presents, by class, information related to loans modified in a TDR during the nine months ending September 30, 2013 and 2012.
	Loans Modified as a TDR for the Nine Months Ended
	September 30, 2013					September 30, 2012
Troubled Debt Restructurings:	Number of		Recorded Investment			Number of		Recorded Investment
(dollars in thousands)	Contracts		(as of period end)			Contracts		(as of period end)
Acquired:
Residential Real Estate	1		$	60		—		$	—
Total TDRs	1		$	60		—		$	—
We had no loans that were modified as a TDR that defaulted within twelve months of the modification date during the three and nine month periods ending September 30, 2013.
Acquired impaired loans
Acquired loans are recorded at fair value at the date of acquisition, and accordingly no allowance for loan losses is transferred to the acquiring entity in connection with purchase accounting. The fair values of loans with evidence of credit deterioration (purchased, credit-impaired loans) are initially recorded at fair value, but thereafter accounted for differently than purchased, non-credit-impaired loans.  For purchased, credit-impaired loans, the excess of all cash flows estimated to be collectable at the date of acquisition over the purchase price of the purchase credit-impaired loan is recognized as interest income, using a level-yield basis over the life of the loan.  This amount is referred to as the accretable yield.  The purchased credit-impaired loan’s contractually-required payments receivable estimated to be in excess of the amount of its future cash flows expected at the date of acquisition is referred to as the non-accretable difference, and is not reflected as an adjustment to the yield, in the form of a loss accrual or a valuation allowance.
Subsequent to the acquisition date, management continues to monitor cash flows on a quarterly basis, to determine the performance of each purchased, credit-impaired loan in comparison to management’s initial performance expectations.  Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent significant increases in cash flows result in a reversal of the provision for loan losses to the extent of prior provisions, or a reclassification of amount from non-accretable difference to accretable yield, with a positive impact on the accretion of interest income in future periods.
Acquired performing loans are accounted for using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Acquired performing loans are recorded as of the purchase date at fair value. Credit losses on the acquired performing loans are estimated based on analysis of the performing portfolio. A provision for loan losses is recognized for any further credit deterioration that occurs in these loans subsequent to the acquisition date.
The following table outlines the contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all acquired impaired loans as of the acquisition date.
WSB Acquired Impaired Loans as of May 10, 2013
May 10, 2013	Contractually			Non-Accretable			Cash Flows			Accretable			Loans
	Required			Credit			Expected To Be			Yield			Receivable
	Payments			Adjustments			Collected
	Receivable
Business loans risk rated 4 at acquisition	$	—		$	—		$	—		$	—		$	—
Business loans risk rated 5 at acquisition	33,038			19,822			13,216			21			13,195
Business loans risk rated 6 at acquisition	233,880			140,328			93,552			10,765			82,787
Total business loans	266,918			160,150			106,768			10,786			95,982
Real estate loans risk rated 4 at acquisition	6,352,445			2,155,197			4,197,248			655,823			3,541,425
Real estate loans risk rated 5 at acquisition	7,346,174			1,938,104			5,408,070			643,135			4,764,935
Real estate loans risk rated 6 at acquisition	19,385,909			8,261,491			11,124,418			1,394,568			9,729,850
Real estate loans risk rated 7 at acquisition	424,784			157,367			267,417			(60,149		)	327,566
Total real estate loans	33,509,312			12,512,159			20,997,153			2,633,377			18,363,776
Total impaired loans acquired	$	33,776,230		$	12,672,309		$	21,103,921		$	2,644,163		$	18,459,758
At our acquisition of WSB Holdings, we recorded all loans acquired at the estimated fair value on their purchase date with no carryover of the related allowance for loan and lease losses.  On the acquisition date, we segregated the loan portfolio into two loan pools, performing and non-performing.
We had an independent third party determine the net discounted value of cash flows on approximately 450 performing loans totaling $143.5 million. The valuation took into consideration the loans’ underlying characteristics, including account types, remaining terms, annual interest rates, interest types, past delinquencies, timing of principal and interest payments, current market rates, loan to value ratios, loss exposures, and remaining balances.  These performing loans were segregated into pools based on loan and payment type and in some cases, risk grade.  The effect of this fair valuation process was a net premium of $3.2 million at acquisition. We then adjusted these values for inherent credit risk within each pool, which resulted in a total non-accretable credit adjustment of $2.5 million.
We also individually evaluated 128 impaired loans totaling $33.7 million to determine the fair value as of the May 10, 2013 measurement date.  In determining the fair value for each individually evaluated impaired loan, we considered a number of factors including the remaining life of the acquired loans, estimated prepayments, estimated loss ratios, estimated value of the underlying collateral and net present value of cash flows we expect to receive, among others.
We established a credit risk related non-accretable difference of $12.7 million relating to these acquired, credit impaired loans, reflected in the recorded net fair value.  We further estimated the timing and amount of expected cash flows in excess of the estimated fair value and established an accretable discount of $2.6 million on the acquisition date relating to these impaired loans.
We have re-classified $21.1 million (net of credit marks) of our acquired loans to available for sale.  These loans consist primarily of purchase credit impaired loans that we are currently working to market with brokers.  We expect settlement on these loans to occur in the fourth quarter of 2013.  However, at this time, we cannot estimate the current amount of gain or loss on these loans.
The following table outlines the contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all acquired impaired loans from MB&T and WSB as of September 30, 2013.
Acquired Impaired Loans as of September 30, 2013
September 30, 2013	Contractually			Non-Accretable			Cash Flows			Accretable			Loans
	Required			Credit			Expected To Be			Yield			Receivable
	Payments			Adjustments			Collected
	Receivable
Business loans risk rated 4 at acquisition	$	63,041		$	8,835		$	54,206		$	—		$	54,206
Business loans risk rated 5 at acquisition	6,196			2,845			3,351			—			3,351
Business loans risk rated 6 at acquisition	—			—			—			—			—
Total business loans	69,237			11,680			57,557			—			57,557
Real estate loans risk rated 4 at acquisition	4,744,213			1,053,341			3,690,872			(14,405		)	3,705,277
Real estate loans risk rated 5 at acquisition	2,198,505			418,325			1,780,180			64,280			1,715,900
Real estate loans risk rated 6 at acquisition	8,548,075			4,660,493			3,887,582			—			3,887,582
Real estate loans risk rated 7 at acquisition	53,828			32,296			21,532			—			21,532
Total real estate loans	15,544,621			6,164,455			9,380,166			49,875			9,330,291
Total impaired loans acquired	$	15,613,858		$	6,176,135		$	9,437,723		$	49,875		$	9,387,848
Accretable Yield
Beginning balance December 31, 2012	$	—
Additions due to WSB acquisition	2,746,647
Accreted to income	(1,664,534		)
Reclassification from non-accretable (1)	1,655,520
Reclassification to loans held for sale (2)	(2,687,758		)
Ending balance September 30, 2013	$	49,875
(1) Represents amounts paid in full on loans, payments on loans with zero balances and an increase in cash flows expected to be collected.
(2) Represent loans reclassified as held for sale.  We have pooled the previously acquired impaired loans which are scheduled for sale in the fourth quarter.
The following table outlines the contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all acquired impaired loans as of December 31, 2012.
Acquired Impaired Loans as of December 31, 2012
December 31, 2012	Contractually			Non-Accretable			Cash Flows			Loans
	Required			Credit			Expected To Be			Receivable
	Payments			Adjustments			Collected
	Receivable
Business loans risk rated 4 at acquisition	$	1,371,081		$	205,662		$	1,165,419		$	1,165,419
Business loans risk rated 5 at acquisition	50,153			42,882			7,271			7,271
Business loans risk rated 6 at acquisition	87,422			52,030			35,392			35,392
Total business loans	1,508,656			300,574			1,208,082			1,208,082
Real estate loans risk rated 4 at acquisition	3,526,864			482,256			3,044,608			3,044,608
Real estate loans risk rated 5 at acquisition	3,474,335			1,706,877			1,767,458			1,767,458
Real estate loans risk rated 6 at acquisition	16,420,887			9,077,153			7,343,734			7,343,734
Total real estate loans	23,422,086			11,266,286			12,155,800			12,155,800
Total impaired loans acquired	$	24,930,742		$	11,566,860		$	13,363,882		$	13,363,882
Accretable Yield
Beginning balance December 31, 2011	$	—
Accreted to income	(3,343,955		)
Reclassification from non-accretable (1)	3,343,955
Ending balance December 31, 2012	$	—
(1) Represents amounts paid in full on loans, payments on loans with zero balances and an increase in cash flows expected to be collected.
Credit Quality Indicators
We review the adequacy of the allowance for loan losses at least quarterly.  Our review includes evaluation of impaired loans as required by ASC Topic 310-Receivables, and ASC Topic 450 Contingencies.  Also, incorporated in determining the adequacy of the allowance is guidance contained in the Securities and Exchange Commission’s SAB No. 102, Loan Loss Allowance Methodology and Documentation; the Federal Financial Institutions Examination Council’s Policy Statement on Allowance for Loan and Lease Losses Methodologies and Documentation for Banks and Savings Institutions, and the Interagency Policy Statement on the Allowance for Loan and Lease Losses provided by the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration and Office of Thrift Supervision.
We base the evaluation of the adequacy of the allowance for loan losses upon loan categories.  We categorize loans as installment and other consumer loans (other than boat loans), boat loans, real estate loans and commercial loans.  We further divide commercial and real estate loans by risk rating and apply loss ratios by risk rating, to determine estimated loss amounts.  We evaluate delinquent loans and loans for which management has knowledge about possible credit problems of the borrower or knowledge of problems with collateral separately and assign loss amounts based upon the evaluation.
During the third quarter of 2013, management revised the methodology for the loss-rate analysis for the performing loan portfolios due to the increase in total loans and the complexity of the loan portfolio.  The primary changes in the methodology were to change the way loans are segmented with similar risk characteristics and change the look back period of charge-off history to 12 quarters.  These changes were effective September 30, 2013 but did not result in a material change for the quarter ending September 30, 2013.
We determine loss ratios for installment and other consumer loans and real estate loans based upon a review of prior 12 months delinquency trends for the category, the three year loss ratio for the category, peer group loss ratios and industry standards.
With respect to commercial loans, management assigns a risk rating of one through eight as follows:
·                  Risk rating 1 (Highest Quality) is normally assigned to investment grade risks, meaning that level of risk is associated with entities having access (or capable of access) to the public capital markets and the loan underwriting in question conforms to the standards of institutional credit providers.  We also include in this category loans with a perfected security interest in U.S. government securities, investment grade government sponsored entities’ bonds, investment grade municipal bonds, insured savings accounts, and insured certificates of deposits drawn on high quality financial institutions.
·                  Risk rating 2 (Good Quality) is normally assigned to a loan with a sound primary and secondary source of repayment.  The borrower may have access to alternative sources of financing.  This loan carries a normal level
·                  of risk, with minimal loss exposure.  The borrower has the ability to perform according to the terms of the credit facility.  Cash flow coverage is greater than 1.25:1 but may be vulnerable to more rapid deterioration than the higher quality loans.  We may also include loans secured by high quality traded stocks, lower grade municipal bonds and uninsured certificates of deposit.
Characteristics of such credits should include: (a) sound primary and secondary repayment sources; (b) strong debt capacity and coverage; and (c) good management in all key positions.  A credit secured by a properly margined portfolio of marketable securities, but with some portfolio concentration, also would qualify for this risk rating.  Additionally, individuals with significant liquidity, low leverage and a defined source of repayment would fall within this risk rating.
·                  Risk rating 3 (Acceptable Quality) is normally assigned when the borrower is a reasonable credit risk and demonstrates the ability to repay the debt from normal business operations.  Risk factors may include reliability of margins and cash flows, liquidity, dependence on a single product or industry, cyclical trends, depth of management, or limited access to alternative financing sources.  Historic financial information may indicate erratic performance, but current trends are positive.  Quality of financial information is adequate, but is not as detailed and sophisticated as information found on higher graded loans.  If adverse circumstances arise, they may significantly impact the borrower. We classify many small business loans in this category unless deterioration occurs or we believe the loan requires additional monitoring, such as construction loans, asset based (accounts receivable/inventory) loans, and Small Business Administration (SBA) loans.
·                  Risk rating 4 (Pass/Watch) loans exhibit all the characteristics of a loan graded as a “3” with the exception that there is a greater than normal concern that an external factor may impact the viability of the borrower at some later date; or that the Bank is uncertain if the borrower has adequate financial resources to repay because of the lack of financial information available. We will generally grant this risk rating to credits that require additional monitoring such as construction loans, SBA loans and other loans deemed in need of additional monitoring.
·                  Risk rating 5 (Special Mention) is assigned to risks in need of close monitoring.  These are defined as classified assets.  Loans generally in this category may have either inadequate information, lack sufficient cash flow or some other problem that requires close scrutiny.  The current worth and debt service capacity of the borrower or of any pledged collateral are insufficient to ensure repayment of the loan.  These risk ratings may also apply to an improving credit previously criticized but some risk factors remain.  All loans in this classification or below should have an action plan.
·                  Risk rating 6 (Substandard) is assigned to loans where there is insufficient debt service capacity.  These obligations, even if apparently protected by collateral value, have well defined weaknesses related to adverse financial, managerial, economic, market, or political conditions that have clearly jeopardized repayment of principal and interest as originally intended.  There is also the possibility that the Bank will sustain some future loss if the weaknesses are not corrected.  Clear loss potential, however, does not have to exist in any individual loan we may classify as substandard.
·                  Risk rating 7 (Doubtful) corresponds to the doubtful asset categories defined by regulatory authorities. A loan classified as doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full improbable.  The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors that may work to strengthening of the asset we have deferred its classification as loss until we may determine a more exact status and estimation of the potential loss.
·                  Risk rating 8 (Loss) is assigned to charged off loans. We consider assets classified as loss as uncollectible and of such little value that their continuance as bankable assets is not warranted.  This classification does not mean that the asset has no recovery value, but that it is not practical to defer writing off the worthless assets, even though partial recoveries may occur in the future.  We charge off assets in this category.
The following table outlines the class of loans by risk rating.
September 30, 2013	Account Balance
Risk Rating	Legacy			Acquired			Total
Pass (1-4)
Real Estate
Commercial	$	326,450,400		$	93,761,830		$	420,212,229
Construction	64,025,900			23,742,025			87,767,926
Residential	53,602,708			92,719,370			146,322,078
Commercial	100,020,432			10,235,969			110,256,401
Consumer	10,193,927			1,064,878			11,258,805
Special Mention (5)	15,599,835			5,377,702			20,977,537
Substandard (6)	5,377,142			7,147,505			12,524,648
Doubtful (7)	—			21,531			21,531
Loss (8)	—			—			—
Total	$	575,270,344		$	234,070,810		$	809,341,154
December 31, 2012	Account Balance
Risk Rating	Legacy			Acquired			Total
Pass (1-4)
Real Estate
Commercial	$	269,370,808		$	60,971,510		$	330,342,318
Construction	44,512,690			3,683,127			48,195,817
Residential	35,877,467			45,417,057			81,294,523
Commercial	85,862,581			10,070,234			95,932,815
Consumer	9,944,467			1,059,992			11,004,459
Special Mention (5)	14,182,357			3,716,126			17,898,483
Substandard (6)	5,494,540			7,853,337			13,347,877
Doubtful (7)	—			—			—
Loss (8)	—			—			—
Total	$	465,244,910		$	132,771,382		$	598,016,292
The following table details activity in the allowance for loan losses by portfolio segment for the three and nine month periods ended September 30, 2013 and 2012.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
Three Months Ended September 30, 2013	Real			Commercial			Boats			Other			Total
	Estate									Consumer
Beginning balance	$	2,973,156		$	884,697		$	248,538		$	130,889		$	4,237,280
Provision for loan losses	764,046			(28,939		)	(8,330		)	13,223			740,000
Provision for loan losses for loans acquired with deteriorated credit quality	(150,000		)	—			—			—			(150,000		)
Recoveries	24,124			3,129			—			24,336			51,589
	3,611,326			858,887			240,208			168,448			4,878,869
Loans charged off	(439,073		)	—			—			(14,151		)	(453,224		)
Ending Balance	$	3,172,253		$	858,887		$	240,208		$	154,297		$	4,425,645
Nine Months Ending September 30, 2013	Real			Commercial			Boats			Other			Total
	Estate									Consumer
Beginning balance	$	2,826,584		$	755,954		$	248,928		$	133,881		$	3,965,347
Provision for loan losses	996,527			190,352			(8,720		)	(13,159		)	1,165,000
Provision for loan losses for loans acquired with deteriorated credit quality	(175,000		)	—			—			—			(175,000		)
Recoveries	65,809			27,218			—			60,778			153,805
	3,713,920			973,524			240,208			181,500			5,109,152
Loans charged off	(541,667		)	(114,637		)	—			(27,203		)	(683,507		)
Ending Balance	$	3,172,253		$	858,887		$	240,208		$	154,297		$	4,425,645
Amount allocated to:
Legacy Loans:
Individually evaluated for impairment	$	25,000		$	—		$	—		$	—		$	25,000
Collectively evaluated for impairment	2,905,629			858,887			240,208			154,297			4,159,021
Acquired Loans:
Individually evaluated for impairment	241,624			—			—			—			241,624
Ending balance	$	3,172,253		$	858,887		$	240,208		$	154,297		$	4,425,645
The following table provides an analysis of the allowance for loan losses with the new methodology for the period ending September 30, 2013:
Provision balance transferred as of September 30, 2013	Beginning			Amount of			Ending balance
	balance prior			Transfer			with new
	to new						methodology
	methodology
Other consumer	$	154,297		$	(154,297	)	$	—
Boat	240,208			(240,208		)	—
Mortgage	3,172,253			(3,172,253		)	—
Commercial	858,887			(858,887		)	—
Commercial & Industrial Loans	—			437,546			437,546
Commercial Real Estate Loans — Owner Occupied	—			833,654			833,654
Commercial Real Estate Loans — Non-owner occupied	—			919,550			919,550
Commercial Real Estate Loans — Hotels/Motels/Inns	—			278,254			278,254
Residential Land Loans	—			4,633			4,633
Residential Acquisition & Development Loans	—			125,475			125,475
Commercial Land Loans	—			63,731			63,731
Commercial Acquisition & Development Loans	—			129,979			129,979
Residential First Lien Loans (including construction) — Investor	—			188,448			188,448
Residential First Lien Loans (including construction) — Owner Occupied	—			1,327,178			1,327,178
Consumer Installment Loans — Boats	—			2,119			2,119
Consumer Installment Loans — Other	—			114,031			114,031
Consumer Revolving & Credit Cards	—			1,047			1,047
	$	4,425,645		$	—		$	4,425,645
Three Months Ended September 30, 2012	Real			Commercial			Boats			Other			Total
	Estate									Consumer
Beginning balance	$	2,893,147		$	778,571		$	294,175		$	143,568		$	4,109,461
Provision for loan losses	(400,494		)	(34,431		)	(10,375		)	433			(444,867		)
Provision for loan losses for loans acquired with deteriorated credit quality	599,624			220,243			—			—			819,867
Recoveries	50,582			(11,675		)	—			21,601			60,508
	3,142,859			952,708			283,800			165,602			4,544,969
Loans charged off	(23,664		)	—			—			(27,557		)	(51,221		)
Ending Balance	$	3,119,195		$	952,708		$	283,800		$	138,045		$	4,493,748
Nine Months Ending September 30, 2012	Real			Commercial			Boats			Other			Total
	Estate									Consumer
Beginning balance	$	2,123,068		$	922,310		$	565,240		$	130,653		$	3,741,271
Provision for loan losses	681,096			(122,412		)	(281,440		)	27,889			305,133
Provision for loan losses for loans acquired with deteriorated credit quality	599,624			220,243			—			—			819,867
Recoveries	63,557			20,258			—			70,268			154,083
	3,467,345			1,040,399			283,800			228,810			5,020,354
Loans charged off	(348,150		)	(87,691		)	—			(90,765		)	(526,606		)
Ending Balance	$	3,119,195		$	952,708		$	283,800		$	138,045		$	4,493,748
Amount allocated to:
Legacy Loans:
Individually evaluated for impairment	$	309,967		$	—		$	—		$	—		$	309,967
Collectively evaluated for impairment	2,209,604			732,465			283,800			138,045			3,363,914
Acquired Loans:
Individually evaluated for impairment	599,624			220,243			—			—			819,867
Ending balance	$	3,119,195		$	952,708		$	283,800		$	138,045		$	4,493,748
We individually evaluate all legacy substandard loans risk rated six, certain legacy special mention loans risk rated five and all legacy TDRs for impairment. We individually evaluate all acquired loans that we risk rated substandard six subsequent to the acquisition, certain acquired special mention loans risk rated five and all acquired TDRs for impairment. We also evaluate the accretable yield established for all acquired, credit-impaired loans for impairment.
Our recorded investment in loans at September 30, 2013 and 2012 related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of our impairment methodology was as follows:
September 30, 2013	Real			Commercial			Boats			Other			Total
	Estate									Consumer
Legacy loans:
Individually evaluated for impairment with specific reserve	$	499,122		$	—		$	—		$	—		$	499,122
Individually evaluated for impairment without specific reserve	3,230,535			1,647,484			—			—			4,878,019
Collectively evaluated for impairment with reserve	455,830,423			103,868,853			6,813,030			3,380,897			569,893,203
Acquired loans:
Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition)	241,624			—			—			—			241,624
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	9,360,431			57,557			—			—			9,417,988
Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition)	212,369,480			10,976,840			—			1,064,878			224,411,198
Ending balance	$	681,531,615		$	116,550,734		$	6,813,030		$	4,445,775		$	809,341,154
September 30, 2012	Real Estate			Commercial			Boats			Other			Total
										Consumer
Legacy loans:
Individually evaluated for impairment with specific reserve	$	1,315,642		$	—		$	—		$	—		$	1,315,642
Individually evaluated for impairment without specific reserve	3,652,420			1,901,658			—			—			5,554,078
Collectively evaluated for impairment with reserve	336,384,610			83,422,187			8,036,872			2,992,918			430,836,587
Acquired loans:
Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition)	957,624			220,243			—			—			1,177,867
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	12,954,203			1,269,171			—			—			14,223,374
Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition)	113,215,245			9,132,884			—			1,217,787			123,565,916
Ending balance	$	468,479,744		$	95,946,143		$	8,036,872		$	4,210,705		$	576,673,464

OTHER_REAL_ESTATE_OWNED

OTHER REAL ESTATE OWNED	9 Months Ended
	Sep. 30, 2013
OTHER REAL ESTATE OWNED	'
OTHER REAL ESTATE OWNED	'
	6.                                      OTHER REAL ESTATE OWNED
	At September 30, 2013 and December 31, 2012, the fair value of other real estate owned was $5,909,260 and $3,719,449, respectively.  As a result of the acquisitions of Maryland Bankcorp and WSB Holdings, we have segmented the other real estate owned into two components, real estate obtained as a result of loans originated by Old Line Bank (legacy) and other real estate acquired from MB&T and WSB or obtained as a result of loans originated by MB&T and WSB (acquired).
	The following outlines the transactions in other real estate owned during the period.
	Nine months ended September 30, 2013	Legacy			Acquired			Total
	Beginning balance	$	1,651,229		$	2,068,220		$	3,719,449
	Acquired from WSB Holdings, Inc.	—			4,232,482			4,232,482
	Transferred in	—			1,159,308			1,159,308
	Write down in value	—			(66,600		)	(66,600		)
	Sales/deposits on sales	(725,484		)	(2,197,599		)	(2,923,083		)
	Net realized loss	(200,454		)	(11,842		)	(212,296		)
	Total end of period	$	725,291		$	5,183,969		$	5,909,260

EARNINGS_PER_COMMON_SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 30, 2013
EARNINGS PER COMMON SHARE	'
EARNINGS PER COMMON SHARE	'
	7.                                      EARNINGS PER COMMON SHARE
	We determine basic earnings per common share by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding giving retroactive effect to stock dividends.
	We calculate diluted earnings per common share by including the average dilutive common stock equivalents outstanding during the period.  Dilutive common equivalent shares consist of stock options, calculated using the treasury stock method.
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2013	2012	2013	2012
	Weighted average number of shares	10,004,138	6,829,785	8,464,112	6,826,390
	Dilutive average number of shares	10,117,380	6,909,147	8,565,602	6,886,147

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	9 Months Ended
	Sep. 30, 2013
STOCK BASED COMPENSATION	'
STOCK BASED COMPENSATION	'
	8.                                      STOCK BASED COMPENSATION
	We account for stock options and restricted stock awards under the fair value method of accounting using a Black-Scholes valuation model to measure stock based compensation expense at the date of grant.  We recognize compensation expense related to stock based compensation awards in our income statements over the period during which we require an individual to provide service in exchange for such award.  For the nine months ended September 30, 2013 and 2012, we recorded stock-based compensation expense of $184,034 and $135,381, respectively. For the three months ending September 30, 2013 and 2012, we recorded stock-based compensation expense of $26,120 and $49,521, respectively.
	We only recognize tax benefits for options that ordinarily will result in a tax deduction when the grant is exercised (non-qualified options).  For the nine months ended September 30, 2013 and 2012, we recognized $33,838 and $15,097, respectively, of tax benefits associated with the portion of the expense that was related to the issuance of non-qualified options.
	We have two equity incentive plans under which we may issue stock options and restricted stock, the 2010 Equity Incentive Plan, approved at the 2010 Annual Meeting of stockholders and the 2004 Equity Incentive Plan.  Our Compensation Committee administers the equity incentive plans.  As the plans outline, the Compensation Committee approves stock option and restricted stock grants to directors and employees, determines the number of shares, the type of award, the option or share price, the term (not to exceed 10 years from the date of issuance), the restrictions, and the vesting period of options and restricted stock issued.  The Compensation Committee has approved and we have granted options vesting immediately as well as over periods of two, three and five years and restricted stock awards that vest over periods of twelve months to three years.  We recognize the compensation expense associated with these grants over their respective vesting periods.  At September 30, 2013, there was $258,857 of total unrecognized compensation cost related to non-vested stock options and restricted stock awards that we expect to realize over the next 1.2 years.  As of September 30, 2013, there were 103,153 shares remaining available for future issuance under the equity incentive plans.  Directors and officers exercised 63,148 options during the nine month period ended September 30, 2013, as compared to 2,900 options exercised during the nine month period ended September 30, 2012.
	A summary of the stock option activity during the nine month periods follows:
		September 30,
		2013					2012
				Weighted					Weighted
		Number		average			Number		average
		of shares		exercise price			of shares		exercise price
	Outstanding, beginning of period	398,958		$	8.71		325,331		$	8.65
	Options granted	52,712		12.04			94,627		8.47
	Options exercised	(63,148	)	8.68			(2,900	)	6.4
	Options forfeited	(14,539	)	9.7			(2,000	)	8
	Outstanding, end of period	373,983		$	9.14		415,058		$	8.62
	Information related to options at September 30, 2013 follows:
		Outstanding options								Exercisable options
		Number of		Weighted			Weighted			Number of		Weighted
		shares at		average			average			shares at		average
	Exercise	September		remaining			exercise			September		exercise
	price	30, 2013		term			price			30, 2013		price
	$6.30-$7.50	67,764		5.57			$	6.51		67,764		$	6.51
	$7.51-$8.75	108,472		7.19			7.91			73,134		7.86
	$8.76-$9.95	33,660		0.9			9.74			33,660		9.74
	$9.96-$12.04	164,087		5.02			10.93			118,100		10.62
		373,983		5.38			$	9.14		292,658		$	8.88
	Intrinsic value of outstanding options where the market value exceeds the exercise price.			$	1,600,294
	Intrinsic value of exercisable options where the market value exceeds the exercise price			$	1,328,950
	During the nine months ended September 30, 2013 and 2012, we granted 8,382 and 10,947 restricted common stock awards, respectively.  During the period ended September 30, 2013, 2,031 restricted shares were forfeited and there were 520 restricted shares forfeited for the nine month period ending September 30, 2012.  The following table provides a summary of the restricted stock awards during the nine month period and their vesting schedule.
		September 30,						September 30,
		2013						2012
					Weighted						Weighted
					average						average
		Number			grant date			Number			grant date
		of shares			fair value			of shares			fair value
	Nonvested, beginning of period	16,210			$	7.7		15,691			$	7.41
	Restricted stock granted	8,382			12.04			10,947			8
	Restricted stock vested	(9,225		)	7.52			(6,788		)	7.34
	Restricted stock forfeited	(2,031		)	9.44			(520		)	8
	Nonvested, end of period	13,336			$	10.29		19,330			$	7.75
	Total fair value of shares vested	$	69,347					$	49,853
	Intrinsic value of outstanding restricted stock awards where the market value exceeds the exercise price				$	252,457					$	212,823
	Intrinsic value of vested restricted stock awards where the market value exceeds the exercise price				$	73,488					$	74,736
	The following table outlines the vesting schedule of the unvested restricted stock awards.
	Vesting Schedule
	of
	Unvested Restricted Stock
	Awards
	September 30, 2013
	Vesting	# of Restricted
	Date	Shares
	12/31/13	3,900
	1/27/14	3,725
	1/26/15	1,969
	2/27/16	3,742
	Total Issued	13,336

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2013
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	9.                                      FAIR VALUE MEASUREMENTS
	On January 1, 2008, we adopted FASB ASC Topic 820 Fair Value Measurements and Disclosures, which defines fair value as the price that participants would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants.  A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability, or, in the absence of a principal market, the most advantageous market for the asset or liability.  The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs.  An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction.  Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact.
	We value investment securities classified as available for sale at fair value.
	The fair value hierarchy established in FASB ASC Topic 820 defines three input levels for fair value measurement.  Level 1 is based on quoted market prices in active markets for identical assets.  Level 2 is based on significant observable inputs other than those in Level 1.  Level 3 is based on significant unobservable inputs.
	We value investment securities classified as available for sale and Sallie Mae (SLMA) equity securities (included in equity securities) at fair value on a recurring basis.  We value treasury securities and SLMA equity securities under Level 1, and collateralized mortgage obligations, agency securities, government sponsored entity securities, and some agency securities under Level 2.  At September 30, 2013 and December 31, 2012, we established values for available for sale investment securities as follows (000’s):
	Assets and Liabilities Measured at Fair Value on a Recurring Basis
		At September 30, 2013 (In thousands)
				Quoted Prices in		Other		Significant		Total Changes
				Active Markets for		Observable		Unobservable		in Fair Values
		Carrying Value		Identical Assets		Inputs		Inputs		Included in
		September 30, 2013		(Level 1)		(Level 2)		(Level 3)		Period Earnings
	Available-for-sale, Treasury securities and Sallie Mae	$	1,511	$	1,511	$	—	$	—	$	—
	Available-for-sale, U.S. government agency	45,792		—		45,792		—		—
	Available-for-sale, Municipal securities	60,053		—		60,053		—		—
	Available-for-sale, FHLMC MBS	5,513		—		5,513		—		—
	Available-for-sale, FNMA MBS	19,498		—		19,498		—		—
	Available-for-sale, GNMA MBS	42,070		—		42,070		—		—
	SBA loan pools	7,352				7,352
		$	181,789	$	1,511	$	180,278	$	—	$	—
		At December 31, 2012 (In thousands)
				Quoted Prices in		Other		Significant		Total Changes
				Active Markets for		Observable		Unobservable		in Fair Values
		Carrying Value		Identical Assets		Inputs		Inputs		Included in
		December 31, 2012		(Level 1)		(Level 2)		(Level 3)		Period Earnings
	Available-for-sale, Treasury securities and Sallie Mae	$	1,609	$	1,609	$	—	$	—	$	—
	Available-for-sale, U.S. government agency	28,570		—		28,570		—		—
	Available-for-sale, Municipal securities	63,854		—		63,854		—		—
	Available-for-sale, FHLMC MBS	6,690		—		6,690		—		—
	Available-for-sale, FNMA MBS	18,460		—		18,460		—		—
	Available-for-sale, GNMA MBS	51,612		—		51,612		—		—
	SBA loan pools	1,104				1,104
		$	171,899	$	1,609	$	170,290	$	—	$	—
	Our valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values.  While management believes our methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value.  Furthermore, we have not comprehensively revalued the fair value amounts since the presentation dates, and therefore, estimates of fair value after the balance sheet date may differ significantly from the above presented amounts.
	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
	We may be required from time to time, to measure certain assets at fair value on a non-recurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis at September 30, 2013 are included in the table below.
	We also measure certain non-financial assets such as other real estate owned, TDRs, and repossessed or foreclosed property at fair value on a non-recurring basis. Generally, we estimate the fair value of these items using Level 2 inputs based on observable market data or Level 3 inputs based on discounting criteria.
		At September 30, 2013 (In thousands)
				Quoted Prices in		Other		Significant
				Active Markets for		Observable		Unobservable
		Carrying Value		Identical Assets		Inputs		Inputs
		September 30, 2013		(Level 1)		(Level 2)		(Level 3)
	Impaired Loans
	Legacy:	$	2,344					$	2,344
	Acquired:	739						739
	Total Impaired Loans	3,083		—		—		3,083
	Other real estate owned:
	Legacy:	$	725					$	725
	Acquired:	5,184						5,184
	Total other real estate owned:	5,909		—		—		5,909
	Total	$	8,992	$	—	$	—	$	8,992
		At December 31, 2012 (In thousands)
				Quoted Prices in		Other		Significant
				Active Markets for		Observable		Unobservable
		Carrying Value		Identical Assets		Inputs		Inputs
		December 31, 2012		(Level 1)		(Level 2)		(Level 3)
	Impaired Loans
	Legacy	$	2,316	$	—	$	—	$	2,316
	Acquired	4,787		—		—		4,787
	Total Impaired Loans	$	7,103	$	—	$	—	$	7,103
								.
	Other real estate owned:
	Legacy	$	1,651	$	—	$	—	$	1,651
	Acquired	2,068		—		—		2,068
Total other real estate owned:	3,719		—		—		3,719
Total	$	10,822	$	—	$	—	$	10,822
As of September 30, 2013 and December 31, 2012, we estimated the fair value of impaired assets using Level 3 inputs to be $9.0 million and $10.8 million, respectively.  We determined these Level 3 inputs based on appraisal evaluations, offers to purchase and/or appraisals that we obtained from an outside third party during the preceding twelve months less costs to sell.  Discounts have predominantly been in the range of 0% to 10%.  As a result of the acquisition of Maryland Bankcorp and WSB Holdings, we have segmented the other real estate owned into two components, real estate obtained as a result of loans originated by Old Line Bank (legacy) and other real estate acquired from MB&T and WSB or obtained as a result of loans originated by MB&T and WSB (acquired).  The increase in level 3 is due non-accrual loans, TDRs, and other real estate in the recent acquisition of WSB.
We use the following methodologies for estimating fair values of financial instruments that we do not measure on a recurring basis.  The estimated fair values of financial instruments equal the carrying value of the instruments except as noted.
Cash and Cash Equivalents - For cash and cash equivalents, the carrying amount is a reasonable estimate of fair value.
Loans-We estimate the fair value of loans by discounting future cash flows using current rates for which we would make similar loans to borrowers with similar credit histories.  We then adjust this calculated amount for any credit impairment.
Loans held for Sale- Loans held for sale are carried at the lower of cost or market value.  The fair values of loans held for sale are based on commitments on hand from investors within the secondary market for loans with similar characteristics.
Investment Securities- We base the fair values of investment securities upon quoted market prices or dealer quotes.
Equity Securities- Equity securities are carried at cost which approximates fair value.
Bank Owned Life Insurance - The carrying amount of Bank Owned Life Insurance (“BOLI”) purchased on a group of officers is a reasonable estimate of fair value.  BOLI is an insurance product that provides an effective way to offset current employee benefit costs.
Accrued Interest Receivable and Payable- The carrying amount of accrued interest and dividends receivable on loans and investments and payable on borrowings and deposits approximate their fair values.
Interest bearing deposits-The fair value of demand deposits and savings accounts is the amount payable on demand.  We estimate the fair value of fixed maturity certificates of deposit using the rates currently offered for deposits of similar remaining maturities.
Non-Interest bearing deposits- The fair value of non-interest bearing accounts is the amount payable on demand at the reporting date.
Long and short term borrowings- The fair value of long and short term fixed rate borrowings is estimated by discounting the value of contractual cash flows using rates currently offered for advances with similar terms and remaining maturities.
Loan Commitments, Standby and Commercial Letters of Credit-Lending commitments have variable interest rates and “escape” clauses if the customer’s credit quality deteriorates.  Therefore, the fair value of these items is insignificant and we have not included these in the following table.
Under ASC Topic 825, entities may choose to measure eligible financial instruments at fair value at specified election dates.  The fair value measurement option (i) may be applied instrument by instrument, with certain exceptions, (ii) is generally irrevocable and (iii) is applied only to entire instruments and not to portions of instruments.  We must report in earnings unrealized gains and losses on items for which we have elected the fair value measurement option at each subsequent reporting date.  We measure certain financial assets and financial liabilities at fair value on a non-recurring basis.  These assets and liabilities are subject to fair value adjustments in certain circumstances such as when there is evidence of impairment.
	September 30, 2013 (In thousands)										December 31, 2012 (In thousands)
					Quoted Prices		Significant		Significant						Quoted Prices		Significant		Significant
			Total		in Active		Other		Other				Total		in Active		Other		Other
	Carrying		Estimated		Markets for		Observable		Unobservable		Carrying		Estimated		Markets for		Observable		Unobservable
	Amount		Fair		Identical Assets		Inputs		Inputs		Amount		Fair		Identical Assets		Inputs		Inputs
	(000’s)		Value		(Level 1)		(Level 2)		(Level 3)		(000’s)		Value		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and cash equivalents	$	50,993	$	50,993	$	50,993	$	—	$	—	$	28,691	$	28,691	$	28,691	$	—	$	—
Loans receivable, net	810,316		823,782		—		—		823,782		595,145		599,320		—		—		599,320
Loans held for sale	22,585		22,585		—		22,612		—		—				—		—		—
Investment securities:
Available for sale	181,528		181,528		—		181,528		—		171,541		171,541		—		171,541		—
Equity Securities at cost	5,851		5,851		—		5,851		—		3,615		3,615		—		3,615		—
Bank Owned Life Insurance	30,357		30,357		—		30,357		—		16,869		16,869		—		16,869		—
Accrued interest receivable	3,296		3,296		—		—		3,296		2,639		2,639		—		1,031		1,608
Liabilities:
Deposits:
Non-interest-bearing	223,503		223,503		—		223,503		—		188,896		188,896		—		188,896		—
Interest bearing	781,969		763,967		—		763,967		—		546,563		554,778		—		554,778		—
Short term borrowings	56,204		56,204		—		56,204		—		37,905		37,905		—		37,905		—
Long term borrowings	6,396		6,119		—		6,119		—		6,192		6,488		—		6,488		—
Accrued Interest payable	259		250		—		250		—		547		547		—		547		—

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Basis of Presentation and Consolidation	'
	Basis of Presentation and Consolidation-The accompanying condensed consolidated financial statements include the activity of Old Line Bancshares and its wholly owned subsidiary, Old Line Bank, and its majority owned subsidiary Pointer Ridge Office Investments, LLC (Pointer Ridge), a real estate investment company.  We have eliminated all significant intercompany transactions and balances.
	We report the non-controlling interests in Pointer Ridge separately in the consolidated balance sheet.  We report the income of Pointer Ridge attributable to Old Line Bancshares on the consolidated statement of income.
	The foregoing consolidated financial statements for the periods ended September 30, 2013 and 2012 are unaudited; however, in the opinion of management we have included all adjustments (comprising only normal recurring accruals) necessary for a fair presentation of the results of the interim period.  We derived the balances as of December 31, 2012 from audited financial statements.  These statements should be read in conjunction with Old Line Bancshares’ financial statements and accompanying notes included in Old Line Bancshares’ Form 10-K for the year ended December 31, 2012.  Old Line Bancshares adopted one new critical accounting policy during the second quarter of this year as follows:
Business Combinations and Acquired Loan Accounting	'
	Business Combinations and Acquired Loan Accounting.  Accounting principles generally accepted in the United States (US GAAP) requires that the acquisition method of accounting, formerly referred to as purchase method, be used for all business combinations and that an acquirer be identified for each business combination. Under US GAAP, the acquirer is the entity that obtains control of one or more businesses in the business combination, and the acquisition date is the date the acquirer achieves control.  US GAAP requires that the acquirer recognize the fair value of assets acquired, liabilities assumed, and any noncontrolling interest in the acquiree at the acquisition date.
	Acquired loans are recorded at fair value at the date of acquisition, and accordingly no allowance for loan losses is transferred to the acquiring entity in connection with purchase accounting. The fair values of loans with evidence of credit deterioration (purchased, credit-impaired loans) are initially recorded at fair value, but thereafter accounted for differently than purchased, non-credit-impaired loans.  For purchased, credit-impaired loans, the excess of all cash flows estimated to be collectable at the date of acquisition over the purchase price of the purchase credit-impaired loan is recognized as interest income, using a level-yield basis over the life of the loan.  This amount is referred to as the accretable yield.  The purchased credit-impaired loan’s contractually-required payments receivable estimated to be in excess of the amount of its future cash flows expected at the date of acquisition is referred to as the non-accretable difference, and is not reflected as an adjustment to the yield, in the form of a loss accrual or a valuation allowance.
	Subsequent to the acquisition date, management continues to monitor cash flows on a quarterly basis, to determine the performance of each purchased, credit-impaired loan in comparison to management’s initial performance expectations.  Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent significant increases in cash flows result in a reversal of the provision for loan losses to the extent of prior provisions, or a reclassification of amount from non-accretable difference to accretable yield, with a positive impact on the accretion of interest income in future periods.
	Acquired performing loans are accounted for using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Acquired performing loans are recorded as of the purchase date at fair value. Credit losses on the acquired performing loans are estimated based on analysis of the performing portfolio. A provision for loan losses is recognized for any further credit deterioration that occurs in these loans subsequent to the acquisition date. We had one acquired loan from MB&T of which we recognized further credit deterioration in the quarter ending September 30, 2013, and recorded a $290,000 specific reserve.
Allowance for Loan Losses	'
	Allowance for Loan Losses - During the third quarter of 2013, management revised the methodology for the loss-rate analysis for the performing loan portfolios due to the increase in total loans and the complexity of the loan portfolio.  The primary changes in the methodology were to segment loans with similar risk characteristics and change the look back period to 12 quarters.  Previously we used various loss measurement periods for the different segments. Some were three year and some had history disregarded because there was so little in losses.
	These changes were effective September 30, 2013 and resulted in no additional provision for the quarter ending September 30, 2013. Management made the following changes to the methodology during the third quarter of 2013:
	·                              The portfolio is analyzed in the following segments for the ASC 450 analysis pool and is sorted by the following loan types:
	Commercial & Industrial Loans
	Commercial Real Estate Loans — Owner Occupied
	Commercial Real Estate Loans — Non-owner occupied
	Commercial Real Estate Loans — Hotels/Motels/Inns
	Residential Land Loans
	Residential Acquisition & Development Loans
	Commercial Land Loans
	Commercial Acquisition & Development Loans
	Residential First Lien Loans (including construction) — Investor
	Residential First Lien Loans (including construction) — Owner Occupied
	HELOC & Closed End Junior Lien Loans
	Consumer Installment Loans — Boats
	Consumer Installment Loans — Other
	Consumer Revolving & Credit Cards
	·                              Within each of the above loan types, each portfolio is sorted by the risk assessment rating of each loan as Pass, Pass-Watch, Special Mention or Substandard.
	·                              The Bank’s loss experience for each of the last 12 quarters is aggregated and that total is used to create a percentage of the loan portfolio as it existed at the beginning of the 12 quarter “look back.”
	·                              The Bank’s loss experience (Loss Factor) is progressively tiered by risk category for Pass, Pass-Watch, Special Mention and Substandard loans by applying a higher loss factor to higher risk rated categories. Loans rated “Doubtful” or “Loss” are, by definition, impaired and will be specifically reserved based upon Bank management’s best estimate of the loss exposure for each loan.
Loans Held-for-Sale	'
	Loans Held-for-Sale-The loans classified in the held-for-sale portfolio consists of loans that have been committed to be purchased by investors in the secondary market at September 30, 2013 and will be settled subsequent to that date.  Only loans purchased by investors with recourse obligations are included in the allowance calculation.
	The loans classified in the held-for-sale portfolio also include a pool of acquired impaired loans that we are currently working to market with brokers. These loans are not included in the allowance calculation due to the fair value accounting of the purchased loans.
	The accounting and reporting policies of Old Line Bancshares conform with US GAAP.
Reclassifications	'
	Reclassifications-We have made certain reclassifications to the 2012 financial presentation to conform to the 2013 presentation.  These reclassifications did not change net income or stockholders’ equity.

POINTER_RIDGE_OFFICE_INVESTMEN1

POINTER RIDGE OFFICE INVESTMENT, LLC (Tables)	9 Months Ended
	Sep. 30, 2013
POINTER RIDGE OFFICE INVESTMENT, LLC	'
Summary of condensed Balance Sheets and Statements of Income information	'
		September 30,			December 31,
	Balance Sheets	2013			2012
	Current assets	$	278,672		$	313,165
	Non-current assets	6,820,995			6,938,990
	Liabilities	6,134,827			6,208,029
	Equity	964,840			1,044,126
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Statements of Income
	Revenue	$	230,223		$	213,415		$	676,613		$	624,669
	Expenses	243,936			268,519			755,899			778,478
	Net loss	$	(13,713	)	$	(55,104	)	$	(79,286	)	$	(153,809	)

ACQUISITION_OF_WSB_HOLDINGS_IN1

ACQUISITION OF WSB HOLDINGS, INC. (Tables)	9 Months Ended
	Sep. 30, 2013
ACQUISITION OF WSB HOLDINGS, INC.	'
Schedule of purchased assets, assumed liabilities and identifiable intangible assets recorded at acquisition date fair value	'
								As Recorded by
		As Recorded by			Fair Value			Old Line
		WSB Holdings, Inc			Adjustments			Bancshares, Inc.
	Assets
	Cash and due from banks	$	5,576,699		$	—		$	5,576,699
	Federal funds sold	33,269,900			(16,966,208		)	16,303,692
	Total cash and cash equivalents	38,846,599			(16,966,208		)	21,880,391
	Investment securities available for sale	79,476,355			(101,654		)(a)	79,374,701
	Loans, net of deferred fees and costs	177,204,282			(14,263,180		)(b)	162,941,102
	Allowance for loan losses	(2,767,274		)	2,767,274		(b)	—
	Premises and equipment	4,705,902			5,673,151		(c)	10,379,053
	Accrued interest receivable	886,413			—			886,413
	Deferred income taxes	7,396,519			4,005,790		(d)	11,402,309
	Bank owned life insurance	12,986,817			—			12,986,817
	Other real estate owned	5,225,958			(993,476		)(e)	4,232,482
	Core deposit intangible	—			2,434,723		(f)	2,434,723
	Other assets	4,326,538			(567,850		)(g)	3,758,688
	Total assets	$	328,288,109		$	(18,011,430	)	$	310,276,679
	Liabilities and Stockholders’ Equity
	Deposits
	Non-interest bearing	$	10,863,874		$	—		$	10,863,874
	Interest bearing	204,375,389			955,452		(h)	205,330,841
	Total deposits	215,239,263			955,452			216,194,715
	Long term borrowings	56,000,000			4,250,568		(i)	60,250,568
	Accrued interest payable	246,416			—			246,416
	Other liabilities	2,979,727			—			2,979,727
	Total liabilities	$	274,465,406		$	5,206,020		$	279,671,426
	Net identifiable assets acquired over (under) liabilities assumed	53,822,703			(23,217,450		)	30,605,253
	Goodwill	—			7,159,875			7,159,875
	Net assets acquired over liabilities assumed	53,822,703			(16,057,575		)	37,765,128
	Purchase Price Consideration-Common Stock
	WSB Holdings shares outstanding exchanged for stock				5,223,633
	Exchange ratio				0.557
	Old Line Bancshares shares issued to WSB Holdings				2,909,486
	Purchase price per WSB Holdings common share				$	6.0743
	Cash consideration				$	16,966,208
	Purchase price assigned to shares exchanged for stock				$	37,765,128
	Explanation of fair value adjustments
	(a)         Adjustment reflects marking the available for sale portfolio to fair value as of the acquisition date.
	(b)         Adjustment reflects the fair value adjustments based on Old Line Bancshares’ evaluation of the acquired loan portfolio and excludes the allowance for losses recorded by WSB Holdings.
	(c)          Adjustment reflects the fair value adjustments based on Old Line Bancshares’ evaluation of the acquired premises and equipment.
	(d)         Adjustment to record deferred tax asset related to fair value adjustments at 39.45% income tax rate.
	(e)          Adjustment reflects the fair value adjustments to other real estate owned based on Old Line Bancshares’ evaluation of the acquired other real estate owned portfolio.
	(f)           Adjustment reflects the recording of the core deposits intangible on the acquired deposit accounts.
	(g)          Adjustment reflects the impairment of certain WSB Holdings’ prepaid and deferred accounts.
	(h)         Adjustment arises since the rates on interest-bearing deposits are higher than rates available on similar deposits as of the acquisition date.
	(i)    Adjustment reflects the fair value of WSB Holdings’ borrowings acquired on acquisition date and is related to the Federal Home Loan Bank of Atlanta (“FHLB”) pre-payment penalty incurred subsequent to the acquisition date in the connection with the repayment of all of WSB’s FHLB advances by Old Line Bancshares.
Schedule of consolidated statements of income data for the unaudited pro forma results	'
		Nine Months Ended
		September 30,
		2013			2012
	Net interest income	$	31,405		$	33,137
	Other non-interest revenue	5,275			5,402
	Total revenue	36,680			38,539
	Provision expense	990			1,125
	Other non-interest expense	32,825			31,477
	Income before income taxes	2,865			5,937
	Income tax expense	1,102			2,283
	Net income	$	1,763		$	3,654
	Basic earnings per share	0.21			0.48
	Diluted earnings per share	0.21			0.47

INVESTMENT_SECURITIES_Tables

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2013
INVESTMENT SECURITIES	'
Summary of the amortized cost and estimated fair value of securities	'
		Amortized		Gross		Gross			Estimated
		cost		unrealized		unrealized			fair value
				gains		losses
	September 30, 2013
	Available for sale
	U. S. treasury	$	1,249,400	$	513	$	—		$	1,249,913
	U.S. government agency	47,396,111		5,250		(1,609,748		)	45,791,613
	Municipal securities	61,815,232		794,982		(2,556,967		)	60,053,247
	Mortgage backed securities:
	FHLMC certificates	5,473,276		86,789		(47,436		)	5,512,629
	FNMA certificates	19,629,429		236,141		(367,592		)	19,497,978
	GNMA certificates	42,880,388		170,317		(980,782		)	42,069,923
	SBA loan pools	7,646,296		—		(293,967		)	7,352,329
		$	186,090,132	$	1,293,992	$	(5,856,492	)	$	181,527,632
	December 31, 2012
	Available for sale
	U. S. treasury	$	1,249,708	$	1,542	$	—		$	1,251,250
	U.S. government agency	28,493,293		105,183		(27,505		)	28,570,971
	Municipal securities	61,670,324		2,453,427		(270,102		)	63,853,649
	Mortgage backed securities
	FHLMC certificates	6,448,848		245,541		(4,858		)	6,689,531
	FNMA certificates	17,600,875		858,903		—			18,459,778
	GNMA certificates	50,914,071		700,339		(2,699		)	51,611,711
	SBA loan pools	1,098,701		5,631		—			1,104,332
		$	167,475,820	$	4,370,566	$	(305,164	)	$	171,541,222
Schedule of securities with unrealized losses segregated by length of impairment	'
		September 30, 2013
		Less than 12 months				12 Months or More					Total
		Fair		Unrealized		Fair			Unrealized		Fair		Unrealized
		value		losses		value			losses		value		losses
	Unrealized losses less than 12 months
	U.S. government agency	$	42,786,362	$	1,609,748	$	—		$	—	$	42,786,362	$	1,609,748
	Municipal securities	33,720,874		2,398,106		1,712,342			158,861		35,433,216		2,556,967
	Mortgage backed securities	47,005,953		1,395,810		—			—		47,005,953		1,395,810
	SBA loan pools	7,352,328		293,967							7,352,328		293,967
	Total unrealized losses less than 12 months	$	130,865,517	$	5,697,631	$	1,712,342		$	158,861	$	132,577,859	$	5,856,492
		December 31,2012
		Less than 12 months				12 Months or More					Total
		Fair		Unrealized		Fair			Unrealized		Fair		Unrealized
		value		losses		value			losses		value		losses
	Unrealized losses less than 12 months
	U.S. government agency	$	4,498,200	$	27,505	$	—		$	—	$	4,498,200	$	27,505
	Municipal securities	13,470,047		270,102		—			—		13,470,047		270,102
	Mortgage backed securities	2,797,011		7,557		—			—		2,797,011		7,557
	Total unrealized losses less than 12 months	$	20,765,258	$	305,164	$	—		$	—	$	20,765,258	$	305,164
Schedule of contractual maturities and pledged securities	'
		Available for Sale
	September 30, 2013	Amortized		Fair
		cost		value
	Maturing
	Within one year	$	1,249,400	$	1,249,913
	Over one to five years	11,628,857		11,658,412
	Over five to ten years	50,571,838		49,206,713
	Over ten years	122,640,037		119,412,594
		$	186,090,132	$	181,527,632
	Pledged securities	$	38,229,610	$	37,937,586

LOANS_Tables

LOANS (Tables)	9 Months Ended
	Sep. 30, 2013
LOANS	'
Summary of major classifications of loans held for investment	'
		September 30, 2013									December 31, 2012
	Held-for-investment	Legacy (1)			Acquired			Total			Legacy (1)			Acquired			Total
	Real estate
	Commercial	$	334,552,174		$	99,524,172		$	434,076,346		$	279,489,013		$	65,396,469		$	344,885,482
	Construction	68,310,288			24,773,084			93,083,372			48,603,640			4,174,751			52,778,391
	Residential	56,697,617			97,674,279			154,371,896			38,901,489			52,069,937			90,971,426
	Commercial	105,516,338			11,034,397			116,550,735			88,306,302			10,070,234			98,376,536
	Boats	6,813,030			—			6,813,030						—			—
	Other consumer	3,380,897			1,064,878			4,445,775			9,944,466			1,059,991			11,004,457
		575,270,344			234,070,810			809,341,154			465,244,910			132,771,382			598,016,292
	Allowance for loan losses	(4,184,021		)	(241,624		)	(4,425,645		)	(3,648,723		)	(316,624		)	(3,965,347		)
	Deferred loan costs, net	963,167			11,911			975,078			1,093,983			—			1,093,983
		$	572,049,490		$	233,841,097		$	805,890,587		$	462,690,170		$	132,454,758		$	595,144,928
	(1)         As a result of the acquisitions of Maryland Bankcorp, Inc. (Maryland Bankcorp), the parent company of Maryland Bank & Trust Company, N.A. (MB&T), in April 2011 and of WSB Holdings, we have segmented the portfolio into two components, loans originated by Old Line Bank (legacy) and loans acquired from MB&T and WSB (acquired).
Summary of aging analysis of the loan held for investment portfolio	'
	Age Analysis of Past Due Loans
		September 30, 2013									December 31, 2012
		Legacy			Acquired			Total			Legacy			Acquired			Total
	Current	$	565,917,029		$	227,454,582		$	793,371,611		$	459,073,548		$	127,754,017		$	586,827,565
	Accruing past due loans:
	30-59 days past due
	Real estate	737,044			1,779,236			2,516,280			218,700			447,399			666,099
	Commercial	—			34,827			34,827			436,806			36,923			473,729
	Consumer	—			386			386			—			45,322			45,322
	Total 30-59 days past due	737,044			1,814,449			2,551,493			655,506			529,644			1,185,150
	60-89 days past due
	Real estate	1,121,860			1,170,389			2,292,249			1,141,779			62,852			1,204,631
	Commercial	452,647			—			452,647			—			—			—
	Consumer	—			97			97			1,453			9,882			11,335
	Total 60-89 days past due	1,574,507			1,170,486			2,744,993			1,143,232			72,734			1,215,966
	90 or more days past due
	Real estate	1,849,685			3,401,580			5,251,265			—			—			—
	Consumer	101,420			—			101,420			—			6,410			6,410
	Total 90 or more days past due	1,951,105			3,401,580			5,352,685			—			6,410			6,410
	Total accruing past due loans	4,262,656			6,386,515			10,649,171			1,798,738			608,788			2,407,526
	Recorded Investment Non-accruing loans: (1)
	Real estate:
	Commercial	—			—			—			1,226,011			1,401,187			2,627,198
	Construction	—			—			—			—			100,000			100,000
	Residential	552,877			—			552,877			591,873			2,555,374			3,147,247
	Commercial	1,302,147			—			1,302,147			—			35,392			35,392
	Consumer	14,781			—			14,781			—			—			—
	Total Recorded Investment Non-accruing past due loans:	1,869,805			—			1,869,805			1,817,884			4,091,953			5,909,837
	Total Financing Receivables (Loans)	$	572,049,490		$	233,841,097		$	805,890,587		$	462,690,170		$	132,454,758		$	595,144,928
	(1)         Acquired, credit-impaired loans performing in accordance with accretable yield estimates are reported as accruing loans.
Summary of impaired loans	'
								Three months September 30, 2013									Nine months September 30, 2013
		Unpaid			Recorded			Related			Average			Interest			Average			Interest Income
		Principal			Investment			Allowance			Recorded			Income			Recorded			Recognized
		Balance									Investment			Recognized			Investment
	Legacy
	With no related allowance recorded:
	Real Estate
	Commercial	$	1,302,147		$	1,302,147		$	—		$	1,314,245		$	—		$	1,341,363		$	—
	Construction	—			—			—			—			—			—			—
	Residential	426,989			426,989			—			427,156			—			433,529			—
	Commercial	125,888			125,888			—			126,790			—			130,163			—
	Consumer	14,781			14,781			—			9,927			64			14,914			64
	With an allowance recorded:
	Real Estate
	Commercial	—			—			—			—			—			—			—
	Construction	—			—			—			—			—			—			—
	Residential	499,122			499,122			25,000			499,122			4,839			499,122			12,525
	Commercial	—			—			—			—			—			—
	Total legacy impaired	2,368,927			2,368,927			25,000			2,377,240			4,903			2,419,091			12,589
	Acquired (1)
	With no related allowance recorded:
	Real Estate
	Commercial	—			—			—			—			—			—			—
	Construction	—			—			—			—			—			—			—
	Residential	696,110			655,233			—			656,080			8,424			659,818			24,107
	Commercial	88,234			88,234			—			88,513			1,511			89,421			3,406
	With an allowance recorded:
	Real Estate
	Commercial	241,624			241,624			241,624			241,624			—			241,624			—
	Construction	—			—			—			—			—			—			—
	Residential	—			—			—			—			—			—			—
	Commercial	—			—			—			—			—			—			—
	Total acquired impaired	1,025,968			985,091			241,624			986,217			9,935			990,863			27,513
	Total impaired	$	3,394,895		$	3,354,018		$	266,624		$	3,363,457		14,838			3,409,954			40,102
	(1)         Generally accepted accounting principles require that we initially record acquired loans at fair value which includes a discount for loans with credit impairment. These loans are not performing according to their contractual terms and meet the definition of an acquired, credit-impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we do recognize an accretable yield as interest income to the extent such yield is supported by cash flow analysis of the underlying loans.     Acquired, credit-impaired loans where the cash flows do not perform according to initial accretable yield estimates are considered impaired.
	Impaired Loans
	Twelve months ended December 31, 2012
		Unpaid			Recorded			Related			Average			Interest
		Principal			Investment			Allowance			Recorded			Income
		Balance									Investment			Recognized
	Legacy
	With no related allowance recorded:
	Real Estate
	Commercial	$	874,735		$	874,735		$	—		$	686,724		$	—
	Construction	—			—			—			727,003			—
	Residential	591,873			591,873			—			353,680			76,309
	Commercial	—			—			—			145,841			—
	With an allowance recorded:
	Real Estate
	Commercial	849,462			849,462			125,000			1,769,664			31,559
	Construction	—			—			—			—			—
	Residential	—			—			—			—			—
	Commercial	—			—			—			77,976			—
	Consumer	—			—			—			142,671			—
	Total legacy impaired	2,316,070			2,316,070			125,000			3,903,559			107,868
	Acquired (1)
	With no related allowance recorded:
	Real Estate
	Commercial	2,180,807			1,159,563			—			1,664,384			39,476
	Construction	2,538,565			100,000			—			683,201			4,186
	Residential	3,371,582			1,798,180			—			1,567,514			34,931
	Commercial	214,697			126,140			—			172,982			13,896
	Consumer	—			—			—			51,540			—
With an allowance recorded:
Real Estate
Commercial	1,628,156			241,624			241,624			657,812			6,319
Construction	—			—			—			—			—
Residential	—			—			—			—			—
Commercial	1,620,660			1,361,520			75,000			543,133			45,963
Total acquired impaired	11,554,467			4,787,027			316,624			5,340,566			144,771
Total impaired	$	13,870,537		$	7,103,097		$	441,624		$	9,244,125		$	252,639
(1)         Generally accepted accounting principles require that we initially record acquired loans at fair value which includes a discount for loans with credit impairment. These loans are not performing according to their contractual terms and meet the definition of an acquired, credit-impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we do recognize an accretable yield as interest income to the extent such yield is supported by cash flow analysis of the underlying loans.     Acquired, credit-impaired loans where the cash flows do not perform according to initial accretable yield estimates are considered impaired.
Summary of contract amount due and recorded book balance of the non-accrual loans	'
	Loans on Non-accrual Status
		September 30, 2013											December 31, 2012
		# of		Unpaid			Recorded			Interest Not			# of		Unpaid			Recorded			Interest Not
		Contracts		Principal			Investment			Accrued			Contracts		Principal			Investment			Accrued
				Balance											Balance
	Legacy
	Real Estate
	Commercial	2		$	2,261,011		$	1,302,147		$	85,660		2		$	1,226,011		$	1,226,011		$	103,529
	Residential	2		552,877			552,877			46,176			2		591,873			591,873			25,449
	Consumer	2		14,781			14,781			31			—		—			—			—
	Total non-accrual loans	6		2,828,669			1,869,805			131,867			4		1,817,884			1,817,884			128,978
	Acquired (1)
	Real Estate
	Commercial	—		—			—			—			8		3,808,963			1,401,187			649,266
	Construction	—		—			—			—			4		2,538,565			100,000			592,476
	Residential	—		—			—			—			10		4,346,364			2,555,374			526,669
	Commercial	—		—			—			—			3		123,949			35,392			45,787
	Total non-accrual loans	—		—			—			—			25		10,817,841			4,091,953			1,814,198
	(1)         Generally accepted accounting principles require that we initially record acquired loans at fair value which includes a discount for loans with credit impairment. These loans are not performing according to their contractual terms and meet the definition of an acquired, credit-impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we do recognize an accretable yield as interest income to the extent such yield is supported by cash flow analysis of the underlying loans.     Acquired, credit-impaired loans where the cash flows do not perform according to initial accretable yield estimates are considered impaired.
Summary of information related to loans modified in a TDR	'
		Loans Modified as a TDR for the Nine Months Ended
		September 30, 2013					September 30, 2012
	Troubled Debt Restructurings:	Number of		Recorded Investment			Number of		Recorded Investment
	(dollars in thousands)	Contracts		(as of period end)			Contracts		(as of period end)
	Acquired:
	Residential Real Estate	1		$	60		—		$	—
	Total TDRs	1		$	60		—		$	—
Summary of contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all acquired impaired loans	'
	WSB Acquired Impaired Loans as of May 10, 2013
	May 10, 2013	Contractually			Non-Accretable			Cash Flows			Accretable			Loans
		Required			Credit			Expected To Be			Yield			Receivable
		Payments			Adjustments			Collected
		Receivable
	Business loans risk rated 4 at acquisition	$	—		$	—		$	—		$	—		$	—
	Business loans risk rated 5 at acquisition	33,038			19,822			13,216			21			13,195
	Business loans risk rated 6 at acquisition	233,880			140,328			93,552			10,765			82,787
	Total business loans	266,918			160,150			106,768			10,786			95,982
	Real estate loans risk rated 4 at acquisition	6,352,445			2,155,197			4,197,248			655,823			3,541,425
	Real estate loans risk rated 5 at acquisition	7,346,174			1,938,104			5,408,070			643,135			4,764,935
	Real estate loans risk rated 6 at acquisition	19,385,909			8,261,491			11,124,418			1,394,568			9,729,850
	Real estate loans risk rated 7 at acquisition	424,784			157,367			267,417			(60,149		)	327,566
	Total real estate loans	33,509,312			12,512,159			20,997,153			2,633,377			18,363,776
	Total impaired loans acquired	$	33,776,230		$	12,672,309		$	21,103,921		$	2,644,163		$	18,459,758
	Acquired Impaired Loans as of September 30, 2013
	September 30, 2013	Contractually			Non-Accretable			Cash Flows			Accretable			Loans
		Required			Credit			Expected To Be			Yield			Receivable
		Payments			Adjustments			Collected
		Receivable
	Business loans risk rated 4 at acquisition	$	63,041		$	8,835		$	54,206		$	—		$	54,206
	Business loans risk rated 5 at acquisition	6,196			2,845			3,351			—			3,351
	Business loans risk rated 6 at acquisition	—			—			—			—			—
	Total business loans	69,237			11,680			57,557			—			57,557
	Real estate loans risk rated 4 at acquisition	4,744,213			1,053,341			3,690,872			(14,405		)	3,705,277
	Real estate loans risk rated 5 at acquisition	2,198,505			418,325			1,780,180			64,280			1,715,900
	Real estate loans risk rated 6 at acquisition	8,548,075			4,660,493			3,887,582			—			3,887,582
	Real estate loans risk rated 7 at acquisition	53,828			32,296			21,532			—			21,532
	Total real estate loans	15,544,621			6,164,455			9,380,166			49,875			9,330,291
	Total impaired loans acquired	$	15,613,858		$	6,176,135		$	9,437,723		$	49,875		$	9,387,848
	Accretable Yield
	Beginning balance December 31, 2012	$	—
	Additions due to WSB acquisition	2,746,647
	Accreted to income	(1,664,534		)
	Reclassification from non-accretable (1)	1,655,520
	Reclassification to loans held for sale (2)	(2,687,758		)
	Ending balance September 30, 2013	$	49,875
	(1) Represents amounts paid in full on loans, payments on loans with zero balances and an increase in cash flows expected to be collected.
	(2) Represent loans reclassified as held for sale.  We have pooled the previously acquired impaired loans which are scheduled for sale in the fourth quarter.
	Acquired Impaired Loans as of December 31, 2012
	December 31, 2012	Contractually			Non-Accretable			Cash Flows			Loans
		Required			Credit			Expected To Be			Receivable
		Payments			Adjustments			Collected
		Receivable
	Business loans risk rated 4 at acquisition	$	1,371,081		$	205,662		$	1,165,419		$	1,165,419
	Business loans risk rated 5 at acquisition	50,153			42,882			7,271			7,271
	Business loans risk rated 6 at acquisition	87,422			52,030			35,392			35,392
	Total business loans	1,508,656			300,574			1,208,082			1,208,082
	Real estate loans risk rated 4 at acquisition	3,526,864			482,256			3,044,608			3,044,608
	Real estate loans risk rated 5 at acquisition	3,474,335			1,706,877			1,767,458			1,767,458
	Real estate loans risk rated 6 at acquisition	16,420,887			9,077,153			7,343,734			7,343,734
	Total real estate loans	23,422,086			11,266,286			12,155,800			12,155,800
	Total impaired loans acquired	$	24,930,742		$	11,566,860		$	13,363,882		$	13,363,882
	Accretable Yield
	Beginning balance December 31, 2011	$	—
	Accreted to income	(3,343,955		)
	Reclassification from non-accretable (1)	3,343,955
	Ending balance December 31, 2012	$	—
	(1) Represents amounts paid in full on loans, payments on loans with zero balances and an increase in cash flows expected to be collected.
Summary of class of loans by risk rating	'
	September 30, 2013	Account Balance
	Risk Rating	Legacy			Acquired			Total
	Pass (1-4)
	Real Estate
	Commercial	$	326,450,400		$	93,761,830		$	420,212,229
	Construction	64,025,900			23,742,025			87,767,926
	Residential	53,602,708			92,719,370			146,322,078
	Commercial	100,020,432			10,235,969			110,256,401
	Consumer	10,193,927			1,064,878			11,258,805
	Special Mention (5)	15,599,835			5,377,702			20,977,537
	Substandard (6)	5,377,142			7,147,505			12,524,648
	Doubtful (7)	—			21,531			21,531
	Loss (8)	—			—			—
	Total	$	575,270,344		$	234,070,810		$	809,341,154
	December 31, 2012	Account Balance
	Risk Rating	Legacy			Acquired			Total
	Pass (1-4)
	Real Estate
	Commercial	$	269,370,808		$	60,971,510		$	330,342,318
	Construction	44,512,690			3,683,127			48,195,817
	Residential	35,877,467			45,417,057			81,294,523
	Commercial	85,862,581			10,070,234			95,932,815
	Consumer	9,944,467			1,059,992			11,004,459
	Special Mention (5)	14,182,357			3,716,126			17,898,483
	Substandard (6)	5,494,540			7,853,337			13,347,877
	Doubtful (7)	—			—			—
	Loss (8)	—			—			—
	Total	$	465,244,910		$	132,771,382		$	598,016,292
Summary of activity in the allowance for loan losses by portfolio segment	'
	Three Months Ended September 30, 2013	Real			Commercial			Boats			Other			Total
		Estate									Consumer
	Beginning balance	$	2,973,156		$	884,697		$	248,538		$	130,889		$	4,237,280
	Provision for loan losses	764,046			(28,939		)	(8,330		)	13,223			740,000
	Provision for loan losses for loans acquired with deteriorated credit quality	(150,000		)	—			—			—			(150,000		)
	Recoveries	24,124			3,129			—			24,336			51,589
		3,611,326			858,887			240,208			168,448			4,878,869
	Loans charged off	(439,073		)	—			—			(14,151		)	(453,224		)
	Ending Balance	$	3,172,253		$	858,887		$	240,208		$	154,297		$	4,425,645
	Nine Months Ending September 30, 2013	Real			Commercial			Boats			Other			Total
		Estate									Consumer
	Beginning balance	$	2,826,584		$	755,954		$	248,928		$	133,881		$	3,965,347
	Provision for loan losses	996,527			190,352			(8,720		)	(13,159		)	1,165,000
	Provision for loan losses for loans acquired with deteriorated credit quality	(175,000		)	—			—			—			(175,000		)
	Recoveries	65,809			27,218			—			60,778			153,805
		3,713,920			973,524			240,208			181,500			5,109,152
	Loans charged off	(541,667		)	(114,637		)	—			(27,203		)	(683,507		)
	Ending Balance	$	3,172,253		$	858,887		$	240,208		$	154,297		$	4,425,645
	Amount allocated to:
	Legacy Loans:
	Individually evaluated for impairment	$	25,000		$	—		$	—		$	—		$	25,000
	Collectively evaluated for impairment	2,905,629			858,887			240,208			154,297			4,159,021
	Acquired Loans:
	Individually evaluated for impairment	241,624			—			—			—			241,624
	Ending balance	$	3,172,253		$	858,887		$	240,208		$	154,297		$	4,425,645
Schedule of analysis of the allowance for loan losses with the new methodology	'
	Provision balance transferred as of September 30, 2013	Beginning			Amount of			Ending balance
		balance prior			Transfer			with new
		to new						methodology
		methodology
	Other consumer	$	154,297		$	(154,297	)	$	—
	Boat	240,208			(240,208		)	—
	Mortgage	3,172,253			(3,172,253		)	—
	Commercial	858,887			(858,887		)	—
	Commercial & Industrial Loans	—			437,546			437,546
	Commercial Real Estate Loans — Owner Occupied	—			833,654			833,654
	Commercial Real Estate Loans — Non-owner occupied	—			919,550			919,550
	Commercial Real Estate Loans — Hotels/Motels/Inns	—			278,254			278,254
	Residential Land Loans	—			4,633			4,633
	Residential Acquisition & Development Loans	—			125,475			125,475
	Commercial Land Loans	—			63,731			63,731
	Commercial Acquisition & Development Loans	—			129,979			129,979
	Residential First Lien Loans (including construction) — Investor	—			188,448			188,448
	Residential First Lien Loans (including construction) — Owner Occupied	—			1,327,178			1,327,178
	Consumer Installment Loans — Boats	—			2,119			2,119
	Consumer Installment Loans — Other	—			114,031			114,031
	Consumer Revolving & Credit Cards	—			1,047			1,047
		$	4,425,645		$	—		$	4,425,645
	Three Months Ended September 30, 2012	Real			Commercial			Boats			Other			Total
		Estate									Consumer
	Beginning balance	$	2,893,147		$	778,571		$	294,175		$	143,568		$	4,109,461
	Provision for loan losses	(400,494		)	(34,431		)	(10,375		)	433			(444,867		)
	Provision for loan losses for loans acquired with deteriorated credit quality	599,624			220,243			—			—			819,867
	Recoveries	50,582			(11,675		)	—			21,601			60,508
		3,142,859			952,708			283,800			165,602			4,544,969
	Loans charged off	(23,664		)	—			—			(27,557		)	(51,221		)
	Ending Balance	$	3,119,195		$	952,708		$	283,800		$	138,045		$	4,493,748
	Nine Months Ending September 30, 2012	Real			Commercial			Boats			Other			Total
		Estate									Consumer
	Beginning balance	$	2,123,068		$	922,310		$	565,240		$	130,653		$	3,741,271
	Provision for loan losses	681,096			(122,412		)	(281,440		)	27,889			305,133
	Provision for loan losses for loans acquired with deteriorated credit quality	599,624			220,243			—			—			819,867
	Recoveries	63,557			20,258			—			70,268			154,083
		3,467,345			1,040,399			283,800			228,810			5,020,354
	Loans charged off	(348,150		)	(87,691		)	—			(90,765		)	(526,606		)
	Ending Balance	$	3,119,195		$	952,708		$	283,800		$	138,045		$	4,493,748
	Amount allocated to:
	Legacy Loans:
	Individually evaluated for impairment	$	309,967		$	—		$	—		$	—		$	309,967
	Collectively evaluated for impairment	2,209,604			732,465			283,800			138,045			3,363,914
	Acquired Loans:
	Individually evaluated for impairment	599,624			220,243			—			—			819,867
	Ending balance	$	3,119,195		$	952,708		$	283,800		$	138,045		$	4,493,748
Summary of recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'
	September 30, 2013	Real			Commercial			Boats			Other			Total
		Estate									Consumer
	Legacy loans:
	Individually evaluated for impairment with specific reserve	$	499,122		$	—		$	—		$	—		$	499,122
	Individually evaluated for impairment without specific reserve	3,230,535			1,647,484			—			—			4,878,019
	Collectively evaluated for impairment with reserve	455,830,423			103,868,853			6,813,030			3,380,897			569,893,203
	Acquired loans:
	Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition)	241,624			—			—			—			241,624
	Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	9,360,431			57,557			—			—			9,417,988
	Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition)	212,369,480			10,976,840			—			1,064,878			224,411,198
	Ending balance	$	681,531,615		$	116,550,734		$	6,813,030		$	4,445,775		$	809,341,154
	September 30, 2012	Real Estate			Commercial			Boats			Other			Total
											Consumer
	Legacy loans:
	Individually evaluated for impairment with specific reserve	$	1,315,642		$	—		$	—		$	—		$	1,315,642
	Individually evaluated for impairment without specific reserve	3,652,420			1,901,658			—			—			5,554,078
	Collectively evaluated for impairment with reserve	336,384,610			83,422,187			8,036,872			2,992,918			430,836,587
	Acquired loans:
	Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition)	957,624			220,243			—			—			1,177,867
	Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	12,954,203			1,269,171			—			—			14,223,374
	Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition)	113,215,245			9,132,884			—			1,217,787			123,565,916
	Ending balance	$	468,479,744		$	95,946,143		$	8,036,872		$	4,210,705		$	576,673,464

OTHER_REAL_ESTATE_OWNED_Tables

OTHER REAL ESTATE OWNED (Tables)	9 Months Ended
	Sep. 30, 2013
OTHER REAL ESTATE OWNED	'
Schedule of transactions in other real estate owned during the period	'
	Nine months ended September 30, 2013	Legacy			Acquired			Total
	Beginning balance	$	1,651,229		$	2,068,220		$	3,719,449
	Acquired from WSB Holdings, Inc.	—			4,232,482			4,232,482
	Transferred in	—			1,159,308			1,159,308
	Write down in value	—			(66,600		)	(66,600		)
	Sales/deposits on sales	(725,484		)	(2,197,599		)	(2,923,083		)
	Net realized loss	(200,454		)	(11,842		)	(212,296		)
	Total end of period	$	725,291		$	5,183,969		$	5,909,260

EARNINGS_PER_COMMON_SHARE_Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2013
EARNINGS PER COMMON SHARE	'
Schedule of weighted average and dilutive average number of shares	'
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2013	2012	2013	2012
	Weighted average number of shares	10,004,138	6,829,785	8,464,112	6,826,390
	Dilutive average number of shares	10,117,380	6,909,147	8,565,602	6,886,147

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2013
STOCK BASED COMPENSATION	'
Summary of the stock option activity	'
		September 30,
		2013					2012
				Weighted					Weighted
		Number		average			Number		average
		of shares		exercise price			of shares		exercise price
	Outstanding, beginning of period	398,958		$	8.71		325,331		$	8.65
	Options granted	52,712		12.04			94,627		8.47
	Options exercised	(63,148	)	8.68			(2,900	)	6.4
	Options forfeited	(14,539	)	9.7			(2,000	)	8
	Outstanding, end of period	373,983		$	9.14		415,058		$	8.62
Schedule of information related to options	'
		Outstanding options								Exercisable options
		Number of		Weighted			Weighted			Number of		Weighted
		shares at		average			average			shares at		average
	Exercise	September		remaining			exercise			September		exercise
	price	30, 2013		term			price			30, 2013		price
	$6.30-$7.50	67,764		5.57			$	6.51		67,764		$	6.51
	$7.51-$8.75	108,472		7.19			7.91			73,134		7.86
	$8.76-$9.95	33,660		0.9			9.74			33,660		9.74
	$9.96-$12.04	164,087		5.02			10.93			118,100		10.62
		373,983		5.38			$	9.14		292,658		$	8.88
	Intrinsic value of outstanding options where the market value exceeds the exercise price.			$	1,600,294
	Intrinsic value of exercisable options where the market value exceeds the exercise price			$	1,328,950
Summary of the restricted stock awards	'
		September 30,						September 30,
		2013						2012
					Weighted						Weighted
					average						average
		Number			grant date			Number			grant date
		of shares			fair value			of shares			fair value
	Nonvested, beginning of period	16,210			$	7.7		15,691			$	7.41
	Restricted stock granted	8,382			12.04			10,947			8
	Restricted stock vested	(9,225		)	7.52			(6,788		)	7.34
	Restricted stock forfeited	(2,031		)	9.44			(520		)	8
	Nonvested, end of period	13,336			$	10.29		19,330			$	7.75
	Total fair value of shares vested	$	69,347					$	49,853
	Intrinsic value of outstanding restricted stock awards where the market value exceeds the exercise price				$	252,457					$	212,823
	Intrinsic value of vested restricted stock awards where the market value exceeds the exercise price				$	73,488					$	74,736
Summary of the vesting schedule of the unvested restricted stock awards	'
	Vesting Schedule
	of
	Unvested Restricted Stock
	Awards
	September 30, 2013
	Vesting	# of Restricted
	Date	Shares
	12/31/13	3,900
	1/27/14	3,725
	1/26/15	1,969
	2/27/16	3,742
	Total Issued	13,336

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2013
FAIR VALUE MEASUREMENTS	'
Schedule of assets and liabilities measured at fair value on a recurring basis	'
		At September 30, 2013 (In thousands)
				Quoted Prices in		Other		Significant		Total Changes
				Active Markets for		Observable		Unobservable		in Fair Values
		Carrying Value		Identical Assets		Inputs		Inputs		Included in
		September 30, 2013		(Level 1)		(Level 2)		(Level 3)		Period Earnings
	Available-for-sale, Treasury securities and Sallie Mae	$	1,511	$	1,511	$	—	$	—	$	—
	Available-for-sale, U.S. government agency	45,792		—		45,792		—		—
	Available-for-sale, Municipal securities	60,053		—		60,053		—		—
	Available-for-sale, FHLMC MBS	5,513		—		5,513		—		—
	Available-for-sale, FNMA MBS	19,498		—		19,498		—		—
	Available-for-sale, GNMA MBS	42,070		—		42,070		—		—
	SBA loan pools	7,352				7,352
		$	181,789	$	1,511	$	180,278	$	—	$	—
		At December 31, 2012 (In thousands)
				Quoted Prices in		Other		Significant		Total Changes
				Active Markets for		Observable		Unobservable		in Fair Values
		Carrying Value		Identical Assets		Inputs		Inputs		Included in
		December 31, 2012		(Level 1)		(Level 2)		(Level 3)		Period Earnings
	Available-for-sale, Treasury securities and Sallie Mae	$	1,609	$	1,609	$	—	$	—	$	—
	Available-for-sale, U.S. government agency	28,570		—		28,570		—		—
	Available-for-sale, Municipal securities	63,854		—		63,854		—		—
	Available-for-sale, FHLMC MBS	6,690		—		6,690		—		—
	Available-for-sale, FNMA MBS	18,460		—		18,460		—		—
	Available-for-sale, GNMA MBS	51,612		—		51,612		—		—
	SBA loan pools	1,104				1,104
		$	171,899	$	1,609	$	170,290	$	—	$	—
Schedule of assets and liabilities measured at fair value on a nonrecurring basis	'
		At September 30, 2013 (In thousands)
				Quoted Prices in		Other		Significant
				Active Markets for		Observable		Unobservable
		Carrying Value		Identical Assets		Inputs		Inputs
		September 30, 2013		(Level 1)		(Level 2)		(Level 3)
	Impaired Loans
	Legacy:	$	2,344					$	2,344
	Acquired:	739						739
	Total Impaired Loans	3,083		—		—		3,083
	Other real estate owned:
	Legacy:	$	725					$	725
	Acquired:	5,184						5,184
	Total other real estate owned:	5,909		—		—		5,909
	Total	$	8,992	$	—	$	—	$	8,992
		At December 31, 2012 (In thousands)
				Quoted Prices in		Other		Significant
				Active Markets for		Observable		Unobservable
		Carrying Value		Identical Assets		Inputs		Inputs
		December 31, 2012		(Level 1)		(Level 2)		(Level 3)
	Impaired Loans
	Legacy	$	2,316	$	—	$	—	$	2,316
	Acquired	4,787		—		—		4,787
	Total Impaired Loans	$	7,103	$	—	$	—	$	7,103
								.
	Other real estate owned:
	Legacy	$	1,651	$	—	$	—	$	1,651
	Acquired	2,068		—		—		2,068
	Total other real estate owned:	3,719		—		—		3,719
	Total	$	10,822	$	—	$	—	$	10,822
Schedule of estimated fair value of financial instruments	'
		September 30, 2013 (In thousands)										December 31, 2012 (In thousands)
						Quoted Prices		Significant		Significant						Quoted Prices		Significant		Significant
				Total		in Active		Other		Other				Total		in Active		Other		Other
		Carrying		Estimated		Markets for		Observable		Unobservable		Carrying		Estimated		Markets for		Observable		Unobservable
		Amount		Fair		Identical Assets		Inputs		Inputs		Amount		Fair		Identical Assets		Inputs		Inputs
		(000’s)		Value		(Level 1)		(Level 2)		(Level 3)		(000’s)		Value		(Level 1)		(Level 2)		(Level 3)
	Assets:
	Cash and cash equivalents	$	50,993	$	50,993	$	50,993	$	—	$	—	$	28,691	$	28,691	$	28,691	$	—	$	—
	Loans receivable, net	810,316		823,782		—		—		823,782		595,145		599,320		—		—		599,320
	Loans held for sale	22,585		22,585		—		22,612		—		—				—		—		—
	Investment securities:
	Available for sale	181,528		181,528		—		181,528		—		171,541		171,541		—		171,541		—
	Equity Securities at cost	5,851		5,851		—		5,851		—		3,615		3,615		—		3,615		—
	Bank Owned Life Insurance	30,357		30,357		—		30,357		—		16,869		16,869		—		16,869		—
	Accrued interest receivable	3,296		3,296		—		—		3,296		2,639		2,639		—		1,031		1,608
	Liabilities:
	Deposits:
	Non-interest-bearing	223,503		223,503		—		223,503		—		188,896		188,896		—		188,896		—
	Interest bearing	781,969		763,967		—		763,967		—		546,563		554,778		—		554,778		—
	Short term borrowings	56,204		56,204		—		56,204		—		37,905		37,905		—		37,905		—
	Long term borrowings	6,396		6,119		—		6,119		—		6,192		6,488		—		6,488		—
	Accrued Interest payable	259		250		—		250		—		547		547		—		547		—

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended			9 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
		item
Activity in the allowance for loan losses by portfolio segment	'	'	'	'	'
Allowance for loan losses established at acquisition date for purchased performing loans	($150,000)	'	$819,867	($175,000)	$819,867
Number of critical accounting policy adopted	'	1	'	'	'
Specific reserve for credit deterioration of loan	590,000	'	375,000	990,000	1,125,000
MB&T	'	'	'	'	'
Activity in the allowance for loan losses by portfolio segment	'	'	'	'	'
Number of loan acquired of which further credit deterioration recognized	1	'	'	'	'
Specific reserve for credit deterioration of loan	290,000	'	'	'	'
Performing loans	'	'	'	'	'
Activity in the allowance for loan losses by portfolio segment	'	'	'	'	'
Allowance for loan losses established at acquisition date for purchased performing loans	'	'	'	0	'
Look back period after change	'3 years	'	'	'	'
Previously used measurement periods for loan losses	'3 years	'	'	'	'
Additional provision for loan losses	$0	'	'	'	'

POINTER_RIDGE_OFFICE_INVESTMEN2

POINTER RIDGE OFFICE INVESTMENT, LLC (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	10-May-13	Dec. 31, 2012
Balance Sheets	'	'	'	'	'	'
Liabilities	$1,056,581,692	'	$1,056,581,692	'	$279,671,426	$786,603,316
Equity	123,131,763	'	123,131,763	'	'	75,253,161
Statements of Income	'	'	'	'	'	'
Net income	2,203,274	2,007,631	3,380,844	5,755,923	'	'
Pointer Ridge	'	'	'	'	'	'
Pointer Ridge Office Investment, LLC	'	'	'	'	'	'
Ownership percentage	'	'	62.50%	'	'	'
Balance Sheets	'	'	'	'	'	'
Current assets	278,672	'	278,672	'	'	313,165
Non-current assets	6,820,995	'	6,820,995	'	'	6,938,990
Liabilities	6,134,827	'	6,134,827	'	'	6,208,029
Equity	964,840	'	964,840	'	'	1,044,126
Statements of Income	'	'	'	'	'	'
Revenue	230,223	213,415	676,613	624,669	'	'
Expenses	243,936	268,519	755,899	778,478	'	'
Net income	($13,713)	($55,104)	($79,286)	($153,809)	'	'

ACQUISITION_OF_WSB_HOLDINGS_IN2

ACQUISITION OF WSB HOLDINGS, INC. (Details) (USD $)

Sep. 30, 2013

Jun. 30, 2013

10-May-13

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Dec. 31, 2011

10-May-13

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

10-May-13

WSB Holdings

WSB Holdings

WSB Holdings

WSB Holdings

WSB Holdings

Fair Value Adjustments

Fair Value Adjustments

item

Acquisition of WSB Holdings, Inc.

'

'

'

'

'

'

'

'

'

'

'

'

Holder's right to receive cash for conversion of each share of common stock of acquiree (in dollars per share)

'

'

'

'

'

'

'

$6.07

'

'

'

'

Holder's right to receive shares for conversion of each share of common stock of acquiree

'

'

'

'

'

'

'

0.557

'

'

'

'

Aggregate cash consideration

'

'

'

'

'

'

'

$16,966,208

'

'

'

'

Total merger consideration

'

'

'

'

'

'

'

54,700,000

'

'

'

'

Assets

'

'

'

'

'

'

'

'

'

'

'

'

Cash and due from banks

49,957,119

'

5,576,699

28,332,456

'

'

'

5,576,699

'

'

'

'

Federal funds sold

1,005,491

'

16,303,692

228,113

'

'

'

33,269,900

'

'

'

-16,966,208

Total cash and cash equivalents

50,992,974

'

21,880,391

28,690,761

'

'

'

38,846,599

'

'

'

-16,966,208

Investment securities available for sale-at fair value

181,527,632

'

79,374,701

171,541,222

'

'

'

79,476,355

'

'

849,118

-101,654

Loans, net of deferred fees and costs

'

'

162,941,102

'

'

'

'

177,204,282

'

'

102,484

-14,263,180

Allowance for loan losses

-4,425,645

-4,237,280

'

-3,965,347

-4,493,748

-4,109,461

-3,741,271

-2,767,274

'

'

'

2,767,274

Premises and equipment

35,520,366

'

10,379,053

25,133,013

'

'

'

4,705,902

'

'

'

5,673,151

Accrued interest receivable

'

'

886,413

'

'

'

'

886,413

'

'

'

'

Deferred income taxes

21,451,728

'

11,402,309

7,139,545

'

'

'

7,396,519

'

'

2,949

4,005,790

Bank owned life insurance

30,357,357

'

12,986,817

16,869,307

'

'

'

12,986,817

'

'

'

'

Other real estate owned

5,909,260

'

4,232,482

3,719,449

'

'

'

5,225,958

'

'

'

-993,476

Core deposit intangible

'

'

2,434,723

'

'

'

'

'

'

'

'

2,434,723

Other assets

3,059,574

'

3,758,688

3,038,064

'

'

'

4,326,538

'

'

'

-567,850

Total assets

1,179,713,455

'

310,276,679

861,856,477

'

'

'

328,288,109

'

'

'

-18,011,430

Deposits

'

'

'

'

'

'

'

'

'

'

'

'

Non-interest bearing

223,503,418

'

10,863,874

188,895,263

'

'

'

10,863,874

'

'

'

'

Interest bearing

761,869,410

'

205,330,841

546,562,555

'

'

'

204,375,389

'

'

'

955,452

Total deposits

985,372,828

'

216,194,715

735,457,818

'

'

'

215,239,263

'

'

'

955,452

Long term borrowings

6,118,744

'

60,250,568

6,192,350

'

'

'

56,000,000

'

'

'

4,250,568

Accrued interest payable

250,164

'

246,416

311,735

'

'

'

246,416

'

'

'

'

Other liabilities

3,419,993

'

2,979,727

1,884,924

'

'

'

2,979,727

'

'

'

'

Total liabilities

1,056,581,692

'

279,671,426

786,603,316

'

'

'

274,465,406

'

'

'

5,206,020

Net assets acquired over liabilities assumed

'

'

'

'

'

'

'

'

'

'

'

'

Net identifiable assets acquired over (under) liabilities assumed

'

'

30,605,253

'

'

'

'

53,822,703

-7,159,875

'

'

-23,217,450

Goodwill

7,793,665

'

7,159,875

633,790

'

'

'

'

946,241

'

'

7,159,875

Net assets acquired over liabilities assumed

'

'

37,765,128

'

'

'

'

53,822,703

'

'

'

-16,057,575

Purchase Price Consideration-Common Stock

'

'

'

'

'

'

'

'

'

'

'

'

WSB Holdings shares outstanding exchanged for stock

'

'

'

'

'

'

'

5,223,633

'

'

'

'

Exchange ratio

'

'

'

'

'

'

'

0.557

'

'

'

'

Old Line Bancshares shares issued to WSB Holdings

'

'

'

'

'

'

'

2,909,486

'

'

'

'

Purchase price per WSB Holdings common share (in dollar per share)

'

'

'

'

'

'

'

$6.07

'

'

'

'

Cash consideration

'

'

'

'

'

'

'

16,966,208

'

'

'

'

Purchase price assigned to shares exchanged for stock

'

'

'

'

'

'

'

37,765,128

'

'

'

'

Income tax rate used to record deferred tax asset at fair value (as a percent)

'

'

'

'

'

'

'

39.45%

'

'

'

'

Number of commercial land loans

'

'

'

'

'

'

'

'

'

'

1

'

Credit on the commercial land loan

'

'

'

'

'

'

'

'

'

'

8,310

'

Pro Forma Results

'

'

'

'

'

'

'

'

'

'

'

'

Net interest income

'

'

'

'

'

'

'

'

31,405

33,137

'

'

Other non-interest revenue

'

'

'

'

'

'

'

'

5,275

5,402

'

'

Total revenue

'

'

'

'

'

'

'

'

36,680

38,539

'

'

Provision expense

'

'

'

'

'

'

'

'

990

1,125

'

'

Other non-interest expense

'

'

'

'

'

'

'

'

32,825

31,477

'

'

Income before income taxes

'

'

'

'

'

'

'

'

2,865

5,937

'

'

Income tax expense

'

'

'

'

'

'

'

'

1,102

2,283

'

'

Net income

'

'

'

'

'

'

'

'

$1,763

$3,654

'

'

Basic earnings per share

'

'

'

'

'

'

'

'

$0.21

$0.48

'

'

Diluted earnings per share

'

'

'

'

'

'

'

'

$0.21

$0.47

'

'

INVESTMENT_SECURITIES_Details

INVESTMENT SECURITIES (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Investment securities	'	'
Amortized cost	$186,090,132	$167,475,820
Gross unrealized gains	1,293,992	4,370,566
Gross unrealized losses	-5,856,492	-305,164
Estimated fair value	181,527,632	171,541,222
U. S. treasury	'	'
Investment securities	'	'
Amortized cost	1,249,400	1,249,708
Gross unrealized gains	513	1,542
Estimated fair value	1,249,913	1,251,250
U.S. government agency	'	'
Investment securities	'	'
Amortized cost	47,396,111	28,493,293
Gross unrealized gains	5,250	105,183
Gross unrealized losses	-1,609,748	-27,505
Estimated fair value	45,791,613	28,570,971
Municipal securities	'	'
Investment securities	'	'
Amortized cost	61,815,232	61,670,324
Gross unrealized gains	794,982	2,453,427
Gross unrealized losses	-2,556,967	-270,102
Estimated fair value	60,053,247	63,853,649
FHLMC certificates	'	'
Investment securities	'	'
Amortized cost	5,473,276	6,448,848
Gross unrealized gains	86,789	245,541
Gross unrealized losses	-47,436	-4,858
Estimated fair value	5,512,629	6,689,531
FNMA certificates	'	'
Investment securities	'	'
Amortized cost	19,629,429	17,600,875
Gross unrealized gains	236,141	858,903
Gross unrealized losses	-367,592	'
Estimated fair value	19,497,978	18,459,778
GNMA certificates	'	'
Investment securities	'	'
Amortized cost	42,880,388	50,914,071
Gross unrealized gains	170,317	700,339
Gross unrealized losses	-980,782	-2,699
Estimated fair value	42,069,923	51,611,711
SBA loan pools	'	'
Investment securities	'	'
Amortized cost	7,646,296	1,098,701
Gross unrealized gains	'	5,631
Gross unrealized losses	-293,967	'
Estimated fair value	$7,352,329	$1,104,332

INVESTMENT_SECURITIES_Details_

INVESTMENT SECURITIES (Details 2) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
	item		item		item
Investment securities	'	'	'	'	'
Less than 12 months, Fair value	$130,865,517	'	$130,865,517	'	$20,765,258
Less than 12 months, Unrealized losses	5,697,631	'	5,697,631	'	305,164
12 Months or More, Fair value	1,712,342	'	1,712,342	'	'
12 Months or More, Unrealized losses	158,861	'	158,861	'	'
Total, Fair value	132,577,859	'	132,577,859	'	20,765,258
Total, Unrealized losses	5,856,492	'	5,856,492	'	305,164
Number of securities in an unrealized loss position for greater than 12 months	3	'	3	'	0
Number of securities in an unrealized loss position for less than 12 months	141	'	141	'	35
Gross realized gains and proceeds from sales or calls of investment securities	'	'	'	'	'
Gross realized gains from the sale or call of investment securities	0	289,511	641,088	849,539	'
Proceeds from sales, maturities or calls of investment securities	'	'	87,300,000	64,300,000	'
U.S. government agency	'	'	'	'	'
Investment securities	'	'	'	'	'
Less than 12 months, Fair value	42,786,362	'	42,786,362	'	4,498,200
Less than 12 months, Unrealized losses	1,609,748	'	1,609,748	'	27,505
Total, Fair value	42,786,362	'	42,786,362	'	4,498,200
Total, Unrealized losses	1,609,748	'	1,609,748	'	27,505
Municipal securities	'	'	'	'	'
Investment securities	'	'	'	'	'
Less than 12 months, Fair value	33,720,874	'	33,720,874	'	13,470,047
Less than 12 months, Unrealized losses	2,398,106	'	2,398,106	'	270,102
12 Months or More, Fair value	1,712,342	'	1,712,342	'	'
12 Months or More, Unrealized losses	158,861	'	158,861	'	'
Total, Fair value	35,433,216	'	35,433,216	'	13,470,047
Total, Unrealized losses	2,556,967	'	2,556,967	'	270,102
Mortgage backed securities	'	'	'	'	'
Investment securities	'	'	'	'	'
Less than 12 months, Fair value	47,005,953	'	47,005,953	'	2,797,011
Less than 12 months, Unrealized losses	1,395,810	'	1,395,810	'	7,557
Total, Fair value	47,005,953	'	47,005,953	'	2,797,011
Total, Unrealized losses	1,395,810	'	1,395,810	'	7,557
SBA loan pools	'	'	'	'	'
Investment securities	'	'	'	'	'
Less than 12 months, Fair value	7,352,328	'	7,352,328	'	'
Less than 12 months, Unrealized losses	293,967	'	293,967	'	'
Total, Fair value	7,352,328	'	7,352,328	'	'
Total, Unrealized losses	$293,967	'	$293,967	'	'

INVESTMENT_SECURITIES_Details_1

INVESTMENT SECURITIES (Details 3) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Available for Sale, Amortized cost	'	'
Within one year	$1,249,400	'
Over one to five years	11,628,857	'
Over five to ten years	50,571,838	'
Over ten years	122,640,037	'
Total available for sale, Amortized cost	186,090,132	167,475,820
Available for Sale, Fair value	'	'
Within one year	1,249,913	'
Over one to five years	11,658,412	'
Over five to ten years	49,206,713	'
Over ten years	119,412,594	'
Estimated fair value	181,527,632	171,541,222
Pledged securities	'	'
Amortized cost	38,229,610	'
Fair value	$37,937,586	'

LOANS_Details

LOANS (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
	item
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	$809,341,154	'	$598,016,292	$576,673,464	'	'
Allowance for loan losses	-4,425,645	-4,237,280	-3,965,347	-4,493,748	-4,109,461	-3,741,271
Deferred loan costs, net	975,078	'	1,093,983	'	'	'
Total	805,890,587	'	595,144,928	'	'	'
Number of components segmented in loan portfolio	2	'	'	'	'	'
Number of members of board of directors forming loan committee	7	'	'	'	'	'
Real estate	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	681,531,615	'	'	468,479,744	'	'
Allowance for loan losses	-3,172,253	-2,973,156	-2,826,584	-3,119,195	-2,893,147	-2,123,068
Real estate | Commercial	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	434,076,346	'	344,885,482	'	'	'
Minimum threshold amount of loan for which financial condition and operating performance of the borrower is monitored	250,000	'	'	'	'	'
Real estate | Commercial | Hospitality industry	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total	66,700,000	'	61,300,000	'	'	'
Real estate | Construction	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	93,083,372	'	52,778,391	'	'	'
Real estate | Construction | Maximum	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Maturity period of short duration loans	'9 months	'	'	'	'	'
Loan to value ratio (as a percent)	80.00%	'	'	'	'	'
Real estate | Residential	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	154,371,896	'	90,971,426	'	'	'
Real estate | Residential | Maximum	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Loan to value ratio (as a percent)	85.00%	'	'	'	'	'
Debt to income ratio required (as a percent)	40.00%	'	'	'	'	'
Commercial	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	116,550,735	'	98,376,536	95,946,143	'	'
Allowance for loan losses	-858,887	-884,697	-755,954	-952,708	-778,571	-922,310
Minimum threshold amount of loan for which financial condition and operating performance of the borrower is monitored	250,000	'	'	'	'	'
Boats	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	6,813,030	'	'	8,036,872	'	'
Allowance for loan losses	-240,208	-248,538	-248,928	-283,800	-294,175	-565,240
Consumer Portfolio Segment [Member]	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	4,445,775	'	11,004,457	'	'	'
Consumer Portfolio Segment [Member] | Maximum	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Debt to income ratio required (as a percent)	40.00%	'	'	'	'	'
Legacy	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	575,270,344	'	465,244,910	'	'	'
Allowance for loan losses	-4,184,021	'	-3,648,723	'	'	'
Deferred loan costs, net	963,167	'	1,093,983	'	'	'
Total	572,049,490	'	462,690,170	'	'	'
Legacy | Real estate | Commercial	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	334,552,174	'	279,489,013	'	'	'
Legacy | Real estate | Construction	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	68,310,288	'	48,603,640	'	'	'
Legacy | Real estate | Residential	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	56,697,617	'	38,901,489	'	'	'
Legacy | Commercial	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	105,516,338	'	88,306,302	'	'	'
Legacy | Boats	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	6,813,030	'	'	'	'	'
Legacy | Consumer Portfolio Segment [Member]	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	3,380,897	'	9,944,466	'	'	'
Acquired	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	234,070,810	'	132,771,382	'	'	'
Allowance for loan losses	-241,624	'	-316,624	'	'	'
Deferred loan costs, net	11,911	'	'	'	'	'
Total	233,841,097	'	132,454,758	'	'	'
Acquired | Real estate | Commercial	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	99,524,172	'	65,396,469	'	'	'
Acquired | Real estate | Construction	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	24,773,084	'	4,174,751	'	'	'
Acquired | Real estate | Residential	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	97,674,279	'	52,069,937	'	'	'
Acquired | Commercial	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	11,034,397	'	10,070,234	'	'	'
Acquired | Consumer Portfolio Segment [Member]	'	'	'	'	'	'
Held-for-investment	'	'	'	'	'	'
Total before allowance and deferred loan cost	$1,064,878	'	$1,059,991	'	'	'

LOANS_Details_2

LOANS (Details 2) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Aging analysis of the loan held for investment portfolio	'	'
Current	$793,371,611	$586,827,565
Accruing past due loans:	'	'
Total 30-59 days past due	2,551,493	1,185,150
Total 60-89 days past due	2,744,993	1,215,966
Total 90 or more days past due	5,352,685	6,410
Total accruing past due loans	10,649,171	2,407,526
Recorded Investment Non-accruing loans:	1,869,805	5,909,837
Total	805,890,587	595,144,928
Real estate	'	'
Accruing past due loans:	'	'
Total 30-59 days past due	2,156,280	666,099
Total 60-89 days past due	2,292,249	1,204,631
Total 90 or more days past due	5,251,265	'
Real estate | Commercial	'	'
Accruing past due loans:	'	'
Recorded Investment Non-accruing loans:	'	2,627,198
Real estate | Construction	'	'
Accruing past due loans:	'	'
Recorded Investment Non-accruing loans:	'	100,000
Real estate | Residential	'	'
Accruing past due loans:	'	'
Recorded Investment Non-accruing loans:	552,877	3,147,247
Commercial	'	'
Accruing past due loans:	'	'
Total 30-59 days past due	34,827	473,729
Total 60-89 days past due	452,647	'
Recorded Investment Non-accruing loans:	1,302,147	35,392
Consumer	'	'
Accruing past due loans:	'	'
Total 30-59 days past due	386	45,322
Total 60-89 days past due	97	11,335
Total 90 or more days past due	101,420	6,410
Recorded Investment Non-accruing loans:	14,781	'
Legacy	'	'
Aging analysis of the loan held for investment portfolio	'	'
Current	565,917,029	459,073,548
Accruing past due loans:	'	'
Total 30-59 days past due	737,044	655,506
Total 60-89 days past due	1,574,507	1,143,232
Total 90 or more days past due	1,951,105	'
Total accruing past due loans	4,262,656	1,798,738
Recorded Investment Non-accruing loans:	1,869,805	1,817,884
Total	572,049,490	462,690,170
Legacy | Real estate	'	'
Accruing past due loans:	'	'
Total 30-59 days past due	737,044	218,700
Total 60-89 days past due	1,121,860	1,141,779
Total 90 or more days past due	1,849,685	'
Legacy | Real estate | Commercial	'	'
Accruing past due loans:	'	'
Recorded Investment Non-accruing loans:	1,302,147	1,226,011
Legacy | Real estate | Residential	'	'
Accruing past due loans:	'	'
Recorded Investment Non-accruing loans:	552,877	591,873
Legacy | Commercial	'	'
Accruing past due loans:	'	'
Total 30-59 days past due	'	436,806
Total 60-89 days past due	452,647	'
Recorded Investment Non-accruing loans:	1,302,147	'
Legacy | Consumer	'	'
Accruing past due loans:	'	'
Total 60-89 days past due	'	1,453
Total 90 or more days past due	101,420	'
Recorded Investment Non-accruing loans:	14,781	'
Acquired	'	'
Aging analysis of the loan held for investment portfolio	'	'
Current	227,454,582	127,754,017
Accruing past due loans:	'	'
Total 30-59 days past due	1,814,449	529,644
Total 60-89 days past due	1,170,486	72,734
Total 90 or more days past due	3,401,580	6,410
Total accruing past due loans	6,386,515	608,788
Recorded Investment Non-accruing loans:	'	4,091,953
Total	233,841,097	132,454,758
Acquired | Real estate	'	'
Accruing past due loans:	'	'
Total 30-59 days past due	1,779,236	447,399
Total 60-89 days past due	1,170,389	62,852
Total 90 or more days past due	3,401,580	'
Acquired | Real estate | Commercial	'	'
Accruing past due loans:	'	'
Recorded Investment Non-accruing loans:	'	1,401,187
Acquired | Real estate | Construction	'	'
Accruing past due loans:	'	'
Recorded Investment Non-accruing loans:	'	100,000
Acquired | Real estate | Residential	'	'
Accruing past due loans:	'	'
Recorded Investment Non-accruing loans:	'	2,555,374
Acquired | Commercial	'	'
Accruing past due loans:	'	'
Total 30-59 days past due	34,827	36,923
Recorded Investment Non-accruing loans:	'	35,392
Acquired | Consumer	'	'
Accruing past due loans:	'	'
Total 30-59 days past due	386	45,322
Total 60-89 days past due	97	9,882
Total 90 or more days past due	'	$6,410

LOANS_Details_3

LOANS (Details 3) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
Unpaid Principal Balance	'	'	'
Total	$3,394,895	$3,394,895	$13,870,537
Recorded Investment	'	'	'
Total	3,354,018	3,354,018	7,103,097
Related Allowance	'	'	'
Total	266,624	266,624	441,624
Average Recorded Investment	'	'	'
Total	3,363,457	3,409,954	9,244,125
Interest Income Recognized	'	'	'
Total	14,838	40,102	252,639
Legacy	'	'	'
Unpaid Principal Balance	'	'	'
Total	2,368,927	2,368,927	2,316,070
Recorded Investment	'	'	'
Total	2,368,927	2,368,927	2,316,070
Related Allowance	'	'	'
Total	25,000	25,000	125,000
Average Recorded Investment	'	'	'
Total	2,377,240	2,419,091	3,903,559
Interest Income Recognized	'	'	'
Total	4,903	12,589	107,868
Legacy | Real estate | Commercial	'	'	'
Unpaid Principal Balance	'	'	'
With no related allowance recorded	1,302,147	1,302,147	874,735
With an allowance recorded	241,624	241,624	849,462
Recorded Investment	'	'	'
With no related allowance recorded	1,302,147	1,302,147	874,735
With an allowance recorded	241,624	241,624	849,462
Related Allowance	'	'	'
Total	241,624	241,624	125,000
Average Recorded Investment	'	'	'
With no related allowance recorded	1,314,245	1,341,363	686,724
With an allowance recorded	241,624	241,624	1,769,664
Interest Income Recognized	'	'	'
With an allowance recorded	'	'	31,559
Legacy | Real estate | Construction	'	'	'
Average Recorded Investment	'	'	'
With no related allowance recorded	'	'	727,003
Legacy | Real estate | Residential	'	'	'
Unpaid Principal Balance	'	'	'
With no related allowance recorded	426,989	426,989	591,873
With an allowance recorded	499,122	499,122	'
Recorded Investment	'	'	'
With no related allowance recorded	426,989	426,989	591,873
With an allowance recorded	499,122	499,122	'
Related Allowance	'	'	'
Total	25,000	25,000	'
Average Recorded Investment	'	'	'
With no related allowance recorded	427,156	433,529	353,680
With an allowance recorded	499,122	499,122	'
Interest Income Recognized	'	'	'
With no related allowance recorded	'	'	76,309
With an allowance recorded	4,839	12,525	'
Legacy | Commercial	'	'	'
Unpaid Principal Balance	'	'	'
With no related allowance recorded	125,888	125,888	'
Recorded Investment	'	'	'
With no related allowance recorded	125,888	125,888	'
Average Recorded Investment	'	'	'
With no related allowance recorded	126,790	130,163	145,841
With an allowance recorded	'	'	77,976
Legacy | Consumer	'	'	'
Unpaid Principal Balance	'	'	'
With no related allowance recorded	14,781	14,781	'
Recorded Investment	'	'	'
With no related allowance recorded	14,781	14,781	'
Average Recorded Investment	'	'	'
With no related allowance recorded	9,927	14,914	'
With an allowance recorded	'	'	142,671
Interest Income Recognized	'	'	'
With no related allowance recorded	64	64	'
Acquired	'	'	'
Unpaid Principal Balance	'	'	'
Total	1,025,968	1,025,968	11,554,467
Recorded Investment	'	'	'
Total	985,091	985,091	4,787,027
Related Allowance	'	'	'
Total	241,624	241,624	316,624
Average Recorded Investment	'	'	'
Total	986,217	990,863	5,340,566
Interest Income Recognized	'	'	'
Total	9,935	27,513	144,771
Acquired | Real estate | Commercial	'	'	'
Unpaid Principal Balance	'	'	'
With no related allowance recorded	'	'	2,180,807
With an allowance recorded	'	'	1,628,156
Recorded Investment	'	'	'
With no related allowance recorded	'	'	1,159,563
With an allowance recorded	'	'	241,624
Related Allowance	'	'	'
Total	'	'	241,624
Average Recorded Investment	'	'	'
With no related allowance recorded	'	'	1,664,384
With an allowance recorded	'	'	657,812
Interest Income Recognized	'	'	'
With no related allowance recorded	'	'	39,476
With an allowance recorded	'	'	6,319
Acquired | Real estate | Construction	'	'	'
Unpaid Principal Balance	'	'	'
With no related allowance recorded	'	'	2,538,565
Recorded Investment	'	'	'
With no related allowance recorded	'	'	100,000
Average Recorded Investment	'	'	'
With no related allowance recorded	'	'	683,201
Interest Income Recognized	'	'	'
With no related allowance recorded	'	'	4,186
Acquired | Real estate | Residential	'	'	'
Unpaid Principal Balance	'	'	'
With no related allowance recorded	696,110	696,110	3,371,582
Recorded Investment	'	'	'
With no related allowance recorded	655,233	655,233	1,798,180
Average Recorded Investment	'	'	'
With no related allowance recorded	656,080	659,818	1,567,514
Interest Income Recognized	'	'	'
With no related allowance recorded	8,424	24,107	34,931
Acquired | Commercial	'	'	'
Unpaid Principal Balance	'	'	'
With no related allowance recorded	88,234	88,234	214,697
With an allowance recorded	'	'	1,620,660
Recorded Investment	'	'	'
With no related allowance recorded	88,234	88,234	126,140
With an allowance recorded	'	'	1,361,520
Related Allowance	'	'	'
Total	'	'	75,000
Average Recorded Investment	'	'	'
With no related allowance recorded	88,513	89,421	172,982
With an allowance recorded	'	'	543,133
Interest Income Recognized	'	'	'
With no related allowance recorded	1,511	3,406	13,896
With an allowance recorded	'	'	45,963
Acquired | Consumer	'	'	'
Average Recorded Investment	'	'	'
With no related allowance recorded	'	'	$51,540

LOANS_Details_4

LOANS (Details 4) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
	item	item
Contract amount due and recorded book balance of the non-accrual loans	'	'
Recorded Investment	$1,869,805	$5,909,837
Real estate | Commercial	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
Recorded Investment	'	2,627,198
Real estate | Construction	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
Recorded Investment	'	100,000
Real estate | Residential	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
Recorded Investment	552,877	3,147,247
Commercial	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
Recorded Investment	1,302,147	35,392
Consumer	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
Recorded Investment	14,781	'
Legacy	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
# of Contracts	6	4
Unpaid Principal Balance	2,828,669	1,817,884
Recorded Investment	1,869,805	1,817,884
Interest Not Accrued	131,867	128,978
Legacy | Real estate | Commercial	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
# of Contracts	2	2
Unpaid Principal Balance	2,261,011	1,226,011
Recorded Investment	1,302,147	1,226,011
Interest Not Accrued	85,660	103,529
Legacy | Real estate | Residential	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
# of Contracts	2	2
Unpaid Principal Balance	552,877	591,873
Recorded Investment	552,877	591,873
Interest Not Accrued	46,176	25,449
Legacy | Commercial	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
Recorded Investment	1,302,147	'
Legacy | Consumer	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
# of Contracts	2	'
Unpaid Principal Balance	14,781	'
Recorded Investment	14,781	'
Interest Not Accrued	31	'
Acquired	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
# of Contracts	'	25
Unpaid Principal Balance	'	10,817,841
Recorded Investment	'	4,091,953
Interest Not Accrued	'	1,814,198
Acquired | Real estate | Commercial	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
# of Contracts	'	8
Unpaid Principal Balance	'	3,808,963
Recorded Investment	'	1,401,187
Interest Not Accrued	'	649,266
Acquired | Real estate | Construction	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
# of Contracts	'	4
Unpaid Principal Balance	'	2,538,565
Recorded Investment	'	100,000
Interest Not Accrued	'	592,476
Acquired | Real estate | Residential	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
# of Contracts	'	10
Unpaid Principal Balance	'	4,346,364
Recorded Investment	'	2,555,374
Interest Not Accrued	'	526,669
Acquired | Commercial	'	'
Contract amount due and recorded book balance of the non-accrual loans	'	'
# of Contracts	'	3
Unpaid Principal Balance	'	123,949
Recorded Investment	'	35,392
Interest Not Accrued	'	$45,787

LOANS_Details_5

LOANS (Details 5) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2012
	item	item	item	item
Loans Modified as a TDR	'	'	'	'
Number of Contracts	6	'	6	5
Restructured loans	$1,242,589	'	$1,242,589	$1,193,260
Number of Contracts	0	0	1	'
Recorded Investment	60,000	'	60,000	'
Number of financing receivables that have been modified by troubled debt restructurings	0	'	0	'
Acquired | Residential	'	'	'	'
Loans Modified as a TDR	'	'	'	'
Number of Contracts	'	'	1	'
Recorded Investment	$60,000	'	$60,000	'

LOANS_Details_6

LOANS (Details 6) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

10-May-13

10-May-13

Sep. 30, 2013

10-May-13

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

10-May-13

10-May-13

10-May-13

10-May-13

10-May-13

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Dec. 31, 2012

10-May-13

10-May-13

10-May-13

Performing loans

MB&T

Real estate

Real estate

Real estate

Real estate

Commercial

Commercial

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

item

Performing loans

WSB Holdings, Inc.

WSB Holdings, Inc.

WSB Holdings, Inc.

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Commercial

Commercial

Commercial

Commercial

Commercial

Commercial

Commercial

Commercial

Commercial

Commercial

item

item

Performing loans

Risk rated 4 at acquisition

Risk rated 4 at acquisition

Risk rated 5 at acquisition

Risk rated 5 at acquisition

Risk rated 6 at acquisition

Risk rated 6 at acquisition

Risk rated 7 at acquisition

WSB Holdings, Inc.

WSB Holdings, Inc.

WSB Holdings, Inc.

WSB Holdings, Inc.

WSB Holdings, Inc.

Risk rated 4 at acquisition

Risk rated 4 at acquisition

Risk rated 5 at acquisition

Risk rated 5 at acquisition

Risk rated 6 at acquisition

WSB Holdings, Inc.

WSB Holdings, Inc.

WSB Holdings, Inc.

Risk rated 4 at acquisition

Risk rated 5 at acquisition

Risk rated 6 at acquisition

Risk rated 7 at acquisition

Risk rated 5 at acquisition

Risk rated 6 at acquisition

Contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all acquired impaired loans

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Provision for loan losses for loans acquired with deteriorated credit quality

($150,000)

$819,867

($175,000)

$819,867

$0

'

($150,000)

$599,624

($175,000)

$599,624

$220,243

$220,243

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Contractually Required Payments Receivable

'

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'

15,613,858

24,930,742

'

33,776,230

'

'

15,544,621

23,422,086

4,744,213

3,526,864

2,198,505

3,474,335

8,548,075

16,420,887

53,828

33,509,312

6,352,445

7,346,174

19,385,909

424,784

69,237

1,508,656

63,041

1,371,081

6,196

50,153

87,422

266,918

33,038

233,880

Non-Accretable Credit Adjustments

'

'

'

'

'

'

'

'

'

'

'

'

6,176,135

11,566,860

'

12,672,309

'

2,500,000

6,164,455

11,266,286

1,053,341

482,256

418,325

1,706,877

4,660,493

9,077,153

32,296

12,512,159

2,155,197

1,938,104

8,261,491

157,367

11,680

300,574

8,835

205,662

2,845

42,882

52,030

160,150

19,822

140,328

Cash Flows Expected To Be Collected

'

'

'

'

'

'

'

'

'

'

'

'

9,437,723

13,363,882

'

21,103,921

'

'

9,380,166

12,155,800

3,690,872

3,044,608

1,780,180

1,767,458

3,887,582

7,343,734

21,532

20,997,153

4,197,248

5,408,070

11,124,418

267,417

57,557

1,208,082

54,206

1,165,419

3,351

7,271

35,392

106,768

13,216

93,552

Accretable Yield

'

'

'

'

'

'

'

'

'

'

'

'

49,875

'

'

2,644,163

49,875

'

49,875

'

-14,405

'

64,280

'

'

'

'

2,633,377

655,823

643,135

1,394,568

-60,149

'

'

'

'

'

'

'

10,786

21

10,765

Loans Receivable

'

'

'

'

'

'

'

'

'

'

'

'

9,387,848

13,363,882

'

18,459,758

'

'

9,330,291

12,155,800

3,705,277

3,044,608

1,715,900

1,767,458

3,887,582

7,343,734

21,532

18,363,776

3,541,425

4,764,935

9,729,850

327,566

57,557

1,208,082

54,206

1,165,419

3,351

7,271

35,392

95,982

13,195

82,787

Accretable Yield

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beginning balance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

49,875

'

-14,405

'

64,280

'

'

'

'

2,633,377

655,823

643,135

1,394,568

-60,149

'

'

'

'

'

'

'

10,786

21

10,765

Additions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,746,647

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accreted to income

'

'

'

'

'

'

'

'

'

'

'

'

-1,664,534

-3,343,955

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reclassification from non-accretable

'

'

'

'

'

'

'

'

'

'

'

'

1,655,520

3,343,955

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reclassification to loans held for sale

'

'

'

'

'

'

'

'

'

'

'

'

-2,687,758

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ending balance

'

'

'

'

'

'

'

'

'

'

'

'

49,875

'

'

2,644,163

49,875

'

49,875

'

-14,405

'

64,280

'

'

'

'

2,633,377

655,823

643,135

1,394,568

-60,149

'

'

'

'

'

'

'

10,786

21

10,765

Additional information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of pools in which loan portfolio were segregated

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of loans considered for determination of net discounted value of cash flows

'

'

'

'

'

'

'

'

'

'

'

'

'

'

450

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of loans considered for determination of net discounted value of cash flows

'

'

'

'

'

'

'

'

'

'

'

'

'

'

143,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contractually required payments receivable on loans sold in orderly transaction between market participants used in the valuation of acquired loans at acquisition date

'

'

'

'

'

'

'

'

'

'

'

'

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net premium calculated in the valuation at the acquisition date of acquired loans of loans sold in orderly transaction between market participants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-accretable credit adjustments

'

'

'

'

'

'

'

'

'

'

'

'

6,176,135

11,566,860

'

12,672,309

'

2,500,000

6,164,455

11,266,286

1,053,341

482,256

418,325

1,706,877

4,660,493

9,077,153

32,296

12,512,159

2,155,197

1,938,104

8,261,491

157,367

11,680

300,574

8,835

205,662

2,845

42,882

52,030

160,150

19,822

140,328

Number of loans impaired

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

128

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Re-classified acquired loans to available for sale

'

'

'

'

'

'

'

'

'

'

'

'

$21,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

LOANS_Details_7

LOANS (Details 7) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Commercial

Commercial

Commercial

Consumer

Consumer

Installment and other consumer loans and real estate loans

Performing loans

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Good Quality (2)

Special Mention (5)

Special Mention (5)

Substandard (6)

Substandard (6)

Doubtful (7)

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Legacy

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Acquired

Commercial

Commercial

Construction

Construction

Residential

Residential

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Commercial

Commercial

Consumer

Consumer

Commercial

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Commercial

Commercial

Consumer

Consumer

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Special Mention (5)

Special Mention (5)

Substandard (6)

Substandard (6)

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Commercial

Commercial

Consumer

Consumer

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Pass (1-4)

Special Mention (5)

Special Mention (5)

Substandard (6)

Substandard (6)

Doubtful (7)

Commercial

Commercial

Construction

Construction

Residential

Residential

Commercial

Commercial

Construction

Construction

Residential

Residential

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Commercial

Commercial

Consumer

Consumer

Commercial

Commercial

Construction

Construction

Residential

Residential

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Commercial

Commercial

Consumer

Consumer

Commercial

Commercial

Construction

Construction

Residential

Residential

Commercial

Commercial

Construction

Construction

Residential

Residential

Credit quality indicators

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Look back period after change

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Delinquency trend period considered for determining loss ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'12 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss ratio period considered

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum cash flow coverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.25

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Account Balance

$809,341,154

$598,016,292

$576,673,464

$681,531,615

$468,479,744

$434,076,346

$344,885,482

$93,083,372

$52,778,391

$154,371,896

$90,971,426

$116,550,735

$98,376,536

$95,946,143

$4,445,775

$11,004,457

'

'

$420,212,229

$330,342,318

$87,767,926

$48,195,817

$146,322,078

$81,294,523

$110,256,401

$95,932,815

$11,258,805

$11,004,459

'

$20,977,537

$17,898,483

$12,524,648

$13,347,877

$21,531

$575,270,344

$465,244,910

$334,552,174

$279,489,013

$68,310,288

$48,603,640

$56,697,617

$38,901,489

$105,516,338

$88,306,302

$3,380,897

$9,944,466

$326,450,400

$269,370,808

$64,025,900

$44,512,690

$53,602,708

$35,877,467

$100,020,432

$85,862,581

$10,193,927

$9,944,467

$15,599,835

$14,182,357

$5,377,142

$5,494,540

$234,070,810

$132,771,382

$99,524,172

$65,396,469

$24,773,084

$4,174,751

$97,674,279

$52,069,937

$11,034,397

$10,070,234

$1,064,878

$1,059,991

$93,761,830

$60,971,510

$23,742,025

$3,683,127

$92,719,370

$45,417,057

$10,235,969

$10,070,234

$1,064,878

$1,059,992

$5,377,702

$3,716,126

$7,147,505

$7,853,337

$21,531

LOANS_Details_8

LOANS (Details 8) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Legacy

Legacy

Legacy

Acquired

Acquired

Acquired

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Real estate

Commercial

Commercial

Commercial

Commercial

Commercial

Commercial

Commercial

Boats

Boats

Boats

Boats

Boats

Boats

Other Consumer

Other Consumer

Other Consumer

Other Consumer

Other Consumer

Other Consumer

Legacy

Legacy

Acquired

Acquired

Legacy

Legacy

Acquired

Legacy

Legacy

Legacy

Legacy

Activity in the allowance for loan losses

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beginning balance

$4,237,280

$4,109,461

$3,965,347

$3,741,271

$4,184,021

$3,648,723

'

$241,624

$316,624

'

$2,973,156

$2,893,147

$2,826,584

$2,123,068

'

'

'

'

$884,697

$778,571

$755,954

$922,310

'

'

'

$248,538

$294,175

$248,928

$565,240

'

'

$130,889

$143,568

$133,881

$130,653

'

'

Provision for loan losses

740,000

-444,867

1,165,000

305,133

'

'

'

'

'

'

764,046

-400,494

996,527

681,096

'

'

'

'

-28,939

-34,431

190,352

-122,412

'

'

'

-8,330

-10,375

-8,720

-281,440

'

'

13,223

433

-13,159

27,889

'

'

Provision for loan losses for loans acquired with deteriorated credit quality

-150,000

819,867

-175,000

819,867

'

'

'

'

'

'

-150,000

599,624

-175,000

599,624

'

'

'

'

'

220,243

'

220,243

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Recoveries

51,589

60,508

153,805

154,083

'

'

'

'

'

'

24,124

50,582

65,809

63,557

'

'

'

'

3,129

-11,675

27,218

20,258

'

'

'

'

'

'

'

'

'

24,336

21,601

60,778

70,268

'

'

Allowance for loan losses before charge offs

4,878,869

4,544,969

5,109,152

5,020,354

'

'

'

'

'

'

3,611,326

3,142,859

3,713,920

3,467,345

'

'

'

'

858,887

952,708

973,524

1,040,399

'

'

'

240,208

283,800

240,208

283,800

'

'

168,448

165,602

181,500

228,810

'

'

Loans charged off

-453,224

-51,221

-683,507

-526,606

'

'

'

'

'

'

-439,073

-23,664

-541,667

-348,150

'

'

'

'

'

'

-114,637

-87,691

'

'

'

'

'

'

'

'

'

-14,151

-27,557

-27,203

-90,765

'

'

Ending Balance

4,425,645

4,493,748

4,425,645

4,493,748

4,184,021

3,648,723

'

241,624

316,624

'

3,172,253

3,119,195

3,172,253

3,119,195

'

'

'

'

858,887

952,708

858,887

952,708

'

'

'

240,208

283,800

240,208

283,800

'

'

154,297

138,045

154,297

138,045

'

'

Amount allocated to:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Individually evaluated for impairment

'

'

'

'

25,000

'

309,967

241,624

'

819,867

'

'

'

'

25,000

309,967

241,624

599,624

'

'

'

'

'

'

220,243

'

'

'

'

'

'

'

'

'

'

'

'

Collectively evaluated for impairment

'

'

'

'

4,159,021

'

3,363,914

'

'

'

'

'

'

'

2,905,629

2,209,604

'

'

'

'

'

'

858,887

732,465

'

'

'

'

'

240,208

283,800

'

'

'

'

154,297

138,045

Ending balance

$4,425,645

$4,493,748

$4,425,645

$4,493,748

$4,184,021

$3,648,723

'

$241,624

$316,624

'

$3,172,253

$3,119,195

$3,172,253

$3,119,195

'

'

'

'

$858,887

$952,708

$858,887

$952,708

'

'

'

$240,208

$283,800

$240,208

$283,800

'

'

$154,297

$138,045

$154,297

$138,045

'

'

LOANS_Details_9

LOANS (Details 9) (USD $)	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	$4,425,645	$4,237,280	$3,965,347	$4,493,748	$4,109,461	$3,741,271
Other Consumer	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	154,297	130,889	133,881	138,045	143,568	130,653
Boats	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	240,208	248,538	248,928	283,800	294,175	565,240
Mortgage	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	3,172,253	2,973,156	2,826,584	3,119,195	2,893,147	2,123,068
Commercial	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	858,887	884,697	755,954	952,708	778,571	922,310
Commercial & Industrial Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	437,546	'	'	'	'	'
Commercial Real Estate Loans - Owner Occupied	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	833,654	'	'	'	'	'
Commercial Real Estate Loans - Non-owner occupied	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	919,550	'	'	'	'	'
Commercial Real Estate Loans - Hotels/Motels/Inns	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	278,254	'	'	'	'	'
Residential Land Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	4,633	'	'	'	'	'
Residential Acquisition & Development Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	125,475	'	'	'	'	'
Commercial Land Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	63,731	'	'	'	'	'
Commercial Acquisition & Development Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	129,979	'	'	'	'	'
Residential First Lien Loans (including construction) - Investor	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	188,448	'	'	'	'	'
Residential First Lien Loans (including construction) - Owner Occupied	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	1,327,178	'	'	'	'	'
Consumer Installment Loans - Boats	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	2,119	'	'	'	'	'
Consumer Installment Loans - Other	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	114,031	'	'	'	'	'
Consumer Revolving & Credit Cards	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	1,047	'	'	'	'	'
Balance of allowance for loan losses prior to new methodology	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	4,425,645	'	'	'	'	'
Balance of allowance for loan losses prior to new methodology | Other Consumer	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	154,297	'	'	'	'	'
Balance of allowance for loan losses prior to new methodology | Boats	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	240,208	'	'	'	'	'
Balance of allowance for loan losses prior to new methodology | Mortgage	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	3,172,253	'	'	'	'	'
Balance of allowance for loan losses prior to new methodology | Commercial	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	858,887	'	'	'	'	'
Amount of Transfer | Other Consumer	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	-154,297	'	'	'	'	'
Amount of Transfer | Boats	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	-240,208	'	'	'	'	'
Amount of Transfer | Mortgage	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	-3,172,253	'	'	'	'	'
Amount of Transfer | Commercial	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	-858,887	'	'	'	'	'
Amount of Transfer | Commercial & Industrial Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	437,546	'	'	'	'	'
Amount of Transfer | Commercial Real Estate Loans - Owner Occupied	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	833,654	'	'	'	'	'
Amount of Transfer | Commercial Real Estate Loans - Non-owner occupied	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	919,550	'	'	'	'	'
Amount of Transfer | Commercial Real Estate Loans - Hotels/Motels/Inns	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	278,254	'	'	'	'	'
Amount of Transfer | Residential Land Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	4,633	'	'	'	'	'
Amount of Transfer | Residential Acquisition & Development Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	125,475	'	'	'	'	'
Amount of Transfer | Commercial Land Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	63,731	'	'	'	'	'
Amount of Transfer | Commercial Acquisition & Development Loans	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	129,979	'	'	'	'	'
Amount of Transfer | Residential First Lien Loans (including construction) - Investor	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	188,448	'	'	'	'	'
Amount of Transfer | Residential First Lien Loans (including construction) - Owner Occupied	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	1,327,178	'	'	'	'	'
Amount of Transfer | Consumer Installment Loans - Boats	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	2,119	'	'	'	'	'
Amount of Transfer | Consumer Installment Loans - Other	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	114,031	'	'	'	'	'
Amount of Transfer | Consumer Revolving & Credit Cards	'	'	'	'	'	'
Analysis of the allowance for loan losses with the new methodology	'	'	'	'	'	'
Allowance for loan losses	$1,047	'	'	'	'	'

LOANS_Details_10

LOANS (Details 10) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Ending balance	$809,341,154	$598,016,292	$576,673,464
Real estate	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Ending balance	681,531,615	'	468,479,744
Commercial	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Ending balance	116,550,735	98,376,536	95,946,143
Boats	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Ending balance	6,813,030	'	8,036,872
Other Consumer	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Ending balance	4,445,775	'	4,210,705
Legacy	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Individually evaluated for impairment with specific reserve	499,122	'	1,315,642
Individually evaluated for impairment without specific reserve	4,878,019	'	5,554,078
Collectively evaluated for impairment with reserve	569,893,203	'	430,836,587
Ending balance	575,270,344	465,244,910	'
Legacy | Real estate	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Individually evaluated for impairment with specific reserve	499,122	'	1,315,642
Individually evaluated for impairment without specific reserve	3,230,535	'	3,652,420
Collectively evaluated for impairment with reserve	455,830,423	'	336,384,610
Legacy | Commercial	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Individually evaluated for impairment without specific reserve	1,647,484	'	1,901,658
Collectively evaluated for impairment with reserve	103,868,853	'	83,422,187
Ending balance	105,516,338	88,306,302	'
Legacy | Boats	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Collectively evaluated for impairment with reserve	6,813,030	'	8,036,872
Ending balance	6,813,030	'	'
Legacy | Other Consumer	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Collectively evaluated for impairment with reserve	3,380,897	'	2,992,918
Acquired	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Individually evaluated for impairment with specific reserve	241,624	'	1,177,867
Individually evaluated for impairment without specific reserve	9,417,988	'	14,223,374
Collectively evaluated for impairment without reserve	224,411,198	'	123,565,916
Ending balance	234,070,810	132,771,382	'
Acquired | Real estate	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Individually evaluated for impairment with specific reserve	241,624	'	957,624
Individually evaluated for impairment without specific reserve	9,360,431	'	12,954,203
Collectively evaluated for impairment without reserve	212,369,480	'	113,215,245
Acquired | Commercial	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Individually evaluated for impairment with specific reserve	'	'	220,243
Individually evaluated for impairment without specific reserve	57,557	'	1,269,171
Collectively evaluated for impairment without reserve	10,976,840	'	9,132,884
Ending balance	11,034,397	10,070,234	'
Acquired | Other Consumer	'	'	'
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology	'	'	'
Collectively evaluated for impairment without reserve	$1,064,878	'	$1,217,787

OTHER_REAL_ESTATE_OWNED_Detail

OTHER REAL ESTATE OWNED (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	10-May-13
			item
Other real estate owned	'	'	'	'	'
Number of components in which the other real estate owned were segmented	'	'	2	'	'
Transactions in other real estate owned during the period	'	'	'	'	'
Beginning balance	'	'	$3,719,449	'	$4,232,482
Acquired from WSB Holdings, Inc.	'	'	4,232,482	'	'
Transferred in	'	'	1,159,308	'	'
Write down in value	'	'	-84,040	-281,000	'
Sales/deposits on sales	'	'	-2,905,643	-810,310	'
(Gain)/loss on sales of other real estate owned	11,072	48,509	212,296	-110,704	'
Total end of period	5,909,260	'	5,909,260	'	4,232,482
Legacy	'	'	'	'	'
Transactions in other real estate owned during the period	'	'	'	'	'
Beginning balance	'	'	1,651,229	'	'
Sales/deposits on sales	'	'	-725,484	'	'
(Gain)/loss on sales of other real estate owned	'	'	-200,454	'	'
Total end of period	725,291	'	725,291	'	'
Acquired	'	'	'	'	'
Transactions in other real estate owned during the period	'	'	'	'	'
Beginning balance	'	'	2,068,220	'	'
Acquired from WSB Holdings, Inc.	'	'	4,232,482	'	'
Transferred in	'	'	1,159,308	'	'
Write down in value	'	'	-66,600	'	'
Sales/deposits on sales	'	'	-2,197,599	'	'
(Gain)/loss on sales of other real estate owned	'	'	-11,842	'	'
Total end of period	$5,183,969	'	$5,183,969	'	'

EARNINGS_PER_COMMON_SHARE_Deta

EARNINGS PER COMMON SHARE (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
EARNINGS PER COMMON SHARE	'	'	'	'
Weighted average number of shares	10,004,138	6,829,785	8,464,112	6,826,390
Dilutive average number of shares	10,117,380	6,909,147	8,565,602	6,886,147

STOCK_BASED_COMPENSATION_Detai

STOCK BASED COMPENSATION (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
			item
Stock based compensation	'	'	'	'
Stock-based compensation expense	$26,120	$49,521	$184,034	$135,381
Number of equity incentive plans	'	'	2	'
Unrecognized compensation cost related to non-vested stock options	258,857	'	258,857	'
Period over which unrecognized compensation cost is expected to be realized	'	'	'1 year 2 months 12 days	'
Shares available for future issuance	103,153	'	103,153	'
Maximum	'	'	'	'
Stock based compensation	'	'	'	'
Term from the date of issuance	'	'	'10 years	'
Stock options	'	'	'	'
Number of shares	'	'	'	'
Outstanding, beginning of period (in shares)	'	'	398,958	325,331
Options granted (in shares)	'	'	52,712	94,627
Options exercised (in shares)	'	'	-63,148	-2,900
Options forfeited (in shares)	'	'	-14,539	-2,000
Outstanding, end of period (in shares)	373,983	415,058	373,983	415,058
Weighted average exercise price	'	'	'	'
Outstanding, beginning of period (in dollars per share)	'	'	$8.71	$8.65
Options granted (in dollars per share)	'	'	$12.04	$8.47
Options exercised (in dollars per share)	'	'	$8.68	$6.40
Options forfeited (in dollars per share)	'	'	$9.70	$8
Outstanding, end of period (in dollars per share)	$9.14	$8.62	$9.14	$8.62
Stock options | Vesting period one	'	'	'	'
Stock based compensation	'	'	'	'
Vesting period	'	'	'2 years	'
Stock options | Vesting period two	'	'	'	'
Stock based compensation	'	'	'	'
Vesting period	'	'	'3 years	'
Stock options | Vesting period three	'	'	'	'
Stock based compensation	'	'	'	'
Vesting period	'	'	'5 years	'
Non-qualified options	'	'	'	'
Stock based compensation	'	'	'	'
Recognition of tax benefits associated with the portion of the expense	'	'	$33,838	$15,097
Restricted stock | Maximum	'	'	'	'
Stock based compensation	'	'	'	'
Vesting period	'	'	'3 years	'
Restricted stock | Minimum	'	'	'	'
Stock based compensation	'	'	'	'
Vesting period	'	'	'12 months	'

STOCK_BASED_COMPENSATION_Detai1

STOCK BASED COMPENSATION (Details 2) (USD $)	9 Months Ended
	Sep. 30, 2013
Outstanding Options	'
Number of shares at the end of the period	373,983
Weighted average remaining term	'5 years 4 months 17 days
Weighted average exercise price (in dollars per share)	$9.14
Exercisable options	'
Number of shares at the end of the period	292,658
Weighted average exercise price (in dollars per share)	$8.88
Intrinsic value of outstanding options and exercisable options	'
Intrinsic value of outstanding options where the market value exceeds the exercise price (in dollars)	$1,600,294
Intrinsic value of exercisable options where the market value exceeds the exercise price (in dollars)	$1,328,950
$6.30-$7.50	'
Information related to options	'
Range of exercise prices, low end of the range (in dollars per share)	$6.30
Range of exercise prices, high end of the range (in dollars per share)	$7.50
Outstanding Options	'
Number of shares at the end of the period	67,764
Weighted average remaining term	'5 years 6 months 25 days
Weighted average exercise price (in dollars per share)	$6.51
Exercisable options	'
Number of shares at the end of the period	67,764
Weighted average exercise price (in dollars per share)	$6.51
$7.51-$8.75	'
Information related to options	'
Range of exercise prices, low end of the range (in dollars per share)	$7.51
Range of exercise prices, high end of the range (in dollars per share)	$8.75
Outstanding Options	'
Number of shares at the end of the period	108,472
Weighted average remaining term	'7 years 2 months 8 days
Weighted average exercise price (in dollars per share)	$7.91
Exercisable options	'
Number of shares at the end of the period	73,134
Weighted average exercise price (in dollars per share)	$7.86
$8.76-$9.95	'
Information related to options	'
Range of exercise prices, low end of the range (in dollars per share)	$8.76
Range of exercise prices, high end of the range (in dollars per share)	$9.95
Outstanding Options	'
Number of shares at the end of the period	33,660
Weighted average remaining term	'10 months 24 days
Weighted average exercise price (in dollars per share)	$9.74
Exercisable options	'
Number of shares at the end of the period	33,660
Weighted average exercise price (in dollars per share)	$9.74
$9.96-$12.04	'
Information related to options	'
Range of exercise prices, low end of the range (in dollars per share)	$9.96
Range of exercise prices, high end of the range (in dollars per share)	$12.04
Outstanding Options	'
Number of shares at the end of the period	164,087
Weighted average remaining term	'5 years 7 days
Weighted average exercise price (in dollars per share)	$10.93
Exercisable options	'
Number of shares at the end of the period	118,100
Weighted average exercise price (in dollars per share)	$10.62

STOCK_BASED_COMPENSATION_Detai2

STOCK BASED COMPENSATION (Details 3) (Restricted stock, USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Number of shares	'	'
Nonvested, beginning of period (in shares)	16,210	15,691
Restricted stock granted (in shares)	8,382	10,947
Restricted stock vested (in shares)	-9,225	-6,788
Restricted stock forfeited (in shares)	-2,031	-520
Nonvested, end of period (in shares)	13,336	19,330
Weighted average grant date fair value	'	'
Nonvested, beginning of period (in dollars per share)	$7.70	$7.41
Restricted stock granted (in dollars per share)	$12.04	$8
Restricted stock vested (in dollars per share)	$7.52	$7.34
Restricted stock forfeited (in dollars per share)	$9.44	$8
Nonvested, end of period (in dollars per share)	$10.29	$7.75
Additional disclosures	'	'
Total fair value of shares vested (in dollars)	$69,347	$49,853
Intrinsic value of outstanding restricted stock awards where the market value exceeds the exercise price (in dollars)	252,457	212,823
Intrinsic value of vested restricted stock awards where the market value exceeds the exercise price (in dollars)	$73,488	$74,736
12/31/13	'	'
Number of shares	'	'
Nonvested, end of period (in shares)	3,900	'
1/27/14	'	'
Number of shares	'	'
Nonvested, end of period (in shares)	3,725	'
1/26/15	'	'
Number of shares	'	'
Nonvested, end of period (in shares)	1,969	'
2/27/16	'	'
Number of shares	'	'
Nonvested, end of period (in shares)	3,742	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets and liabilities measured at fair value	'	'
Available-for-sale	$181,527,632	$171,541,222
Available-for-sale, U.S. government agency	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	45,791,613	28,570,971
Available-for-sale, Municipal securities	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	60,053,247	63,853,649
Available-for-sale, FHLMC MBS	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	5,512,629	6,689,531
Available-for-sale, FNMA MBS	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	19,497,978	18,459,778
Available-for-sale, GNMA MBS	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	42,069,923	51,611,711
SBA loan pools	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	7,352,329	1,104,332
Other Observable Inputs (Level 2)	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	181,528,000	171,541,000
Carrying Value	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	181,528,000	171,541,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'
Assets and liabilities measured at fair value	'	'
Assets	1,511,000	1,609,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Available-for-sale, Treasury Securities and Sallie Mae	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	1,511,000	1,609,000
Recurring basis | Other Observable Inputs (Level 2)	'	'
Assets and liabilities measured at fair value	'	'
Assets	180,278,000	170,290,000
Recurring basis | Other Observable Inputs (Level 2) | Available-for-sale, U.S. government agency	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	45,792,000	28,570,000
Recurring basis | Other Observable Inputs (Level 2) | Available-for-sale, Municipal securities	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	60,053,000	63,854,000
Recurring basis | Other Observable Inputs (Level 2) | Available-for-sale, FHLMC MBS	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	5,513,000	6,690,000
Recurring basis | Other Observable Inputs (Level 2) | Available-for-sale, FNMA MBS	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	19,498,000	18,460,000
Recurring basis | Other Observable Inputs (Level 2) | Available-for-sale, GNMA MBS	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	42,070,000	51,612,000
Recurring basis | Other Observable Inputs (Level 2) | SBA loan pools	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	7,352,000	1,104,000
Recurring basis | Carrying Value	'	'
Assets and liabilities measured at fair value	'	'
Assets	181,789,000	171,899,000
Recurring basis | Carrying Value | Available-for-sale, Treasury Securities and Sallie Mae	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	1,511,000	1,609,000
Recurring basis | Carrying Value | Available-for-sale, U.S. government agency	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	45,792,000	28,570,000
Recurring basis | Carrying Value | Available-for-sale, Municipal securities	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	60,053,000	63,854,000
Recurring basis | Carrying Value | Available-for-sale, FHLMC MBS	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	5,513,000	6,690,000
Recurring basis | Carrying Value | Available-for-sale, FNMA MBS	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	19,498,000	18,460,000
Recurring basis | Carrying Value | Available-for-sale, GNMA MBS	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	42,070,000	51,612,000
Recurring basis | Carrying Value | SBA loan pools	'	'
Assets and liabilities measured at fair value	'	'
Available-for-sale	$7,352,000	$1,104,000

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
	item
Assets and liabilities measured at fair value	'	'
Impaired Loans	$3,354,018	$7,103,097
Additional disclosures	'	'
Number of components in which the other real estate owned were segmented	2	'
Legacy	'	'
Assets and liabilities measured at fair value	'	'
Impaired Loans	2,368,927	2,316,070
Acquired	'	'
Assets and liabilities measured at fair value	'	'
Impaired Loans	985,091	4,787,027
Significant Unobservable Inputs (Level 3)	'	'
Additional disclosures	'	'
Period over which appraisal evaluations, offers to purchase and/or appraisals were obtained from an outside third party	'12 months	'
Significant Unobservable Inputs (Level 3) | Minimum	'	'
Additional disclosures	'	'
Discounts (as a percent)	0.00%	'
Significant Unobservable Inputs (Level 3) | Maximum	'	'
Additional disclosures	'	'
Discounts (as a percent)	10.00%	'
Nonrecurring basis | Significant Unobservable Inputs (Level 3)	'	'
Assets and liabilities measured at fair value	'	'
Impaired Loans	3,083,000	7,103,000
Other real estate owned	5,909,000	3,719,000
Assets	8,992,000	10,822,000
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Legacy	'	'
Assets and liabilities measured at fair value	'	'
Impaired Loans	2,344,000	2,316,000
Other real estate owned	725,000	1,651,000
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Acquired	'	'
Assets and liabilities measured at fair value	'	'
Impaired Loans	739,000	4,787,000
Other real estate owned	5,184,000	2,068,000
Nonrecurring basis | Carrying Value	'	'
Assets and liabilities measured at fair value	'	'
Impaired Loans	3,083,000	7,103,000
Other real estate owned	5,909,000	3,719,000
Assets	8,992,000	10,822,000
Nonrecurring basis | Carrying Value | Legacy	'	'
Assets and liabilities measured at fair value	'	'
Impaired Loans	2,344,000	2,316,000
Other real estate owned	725,000	1,651,000
Nonrecurring basis | Carrying Value | Acquired	'	'
Assets and liabilities measured at fair value	'	'
Impaired Loans	739,000	4,787,000
Other real estate owned	$5,184,000	$2,068,000

FAIR_VALUE_MEASUREMENTS_Detail2

FAIR VALUE MEASUREMENTS (Details 3) (USD $)	Sep. 30, 2013	10-May-13	Dec. 31, 2012
Assets:	'	'	'
Loans held-for-sale	$22,611,845	'	$0
Investment securities - available for sale at fair value	181,527,632	'	171,541,222
Bank Owned Life Insurance	30,357,357	12,986,817	16,869,307
Accrued interest receivable	3,256,311	'	2,639,483
Liabilities:	'	'	'
Non-interest bearing	223,503,418	10,863,874	188,895,263
Interest bearing	761,869,410	205,330,841	546,562,555
Accrued interest payable	250,164	246,416	311,735
Total Estimated Fair Value	'	'	'
Assets:	'	'	'
Cash and cash equivalents	50,993,000	'	28,691,000
Loans receivable, net	823,782,000	'	599,320,000
Loans held-for-sale	22,585,000	'	'
Investment securities - available for sale at fair value	181,528,000	'	171,541,000
Equity securities at cost	5,851,000	'	3,615,000
Bank Owned Life Insurance	30,357,000	'	16,869,000
Accrued interest receivable	3,296,000	'	2,639,000
Liabilities:	'	'	'
Non-interest bearing	223,503,000	'	188,896,000
Interest bearing	763,967,000	'	554,778,000
Short term borrowings	56,204,000	'	37,905,000
Long term borrowings	6,119,000	'	6,488,000
Accrued interest payable	250,000	'	547,000
Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'	'
Assets:	'	'	'
Cash and cash equivalents	50,993,000	'	28,691,000
Significant Other Observable Inputs (Level 2)	'	'	'
Assets:	'	'	'
Loans held-for-sale	22,612,000	'	'
Investment securities - available for sale at fair value	181,528,000	'	171,541,000
Equity securities at cost	5,851,000	'	3,615,000
Bank Owned Life Insurance	30,357,000	'	16,869,000
Accrued interest receivable	'	'	1,031,000
Liabilities:	'	'	'
Non-interest bearing	223,503,000	'	188,896,000
Interest bearing	763,967,000	'	554,778,000
Short term borrowings	56,204,000	'	37,905,000
Long term borrowings	6,119,000	'	6,488,000
Accrued interest payable	250,000	'	547,000
Significant Other Unobservable Inputs (Level 3)	'	'	'
Assets:	'	'	'
Loans receivable, net	823,782,000	'	599,320,000
Accrued interest receivable	3,296,000	'	1,608,000
Carrying Amount	'	'	'
Assets:	'	'	'
Cash and cash equivalents	50,993,000	'	28,691,000
Loans receivable, net	810,316,000	'	595,145,000
Loans held-for-sale	22,585,000	'	'
Investment securities - available for sale at fair value	181,528,000	'	171,541,000
Equity securities at cost	5,851,000	'	3,615,000
Bank Owned Life Insurance	30,357,000	'	16,869,000
Accrued interest receivable	3,296,000	'	2,639,000
Liabilities:	'	'	'
Non-interest bearing	223,503,000	'	188,896,000
Interest bearing	781,969,000	'	546,563,000
Short term borrowings	56,204,000	'	37,905,000
Long term borrowings	6,396,000	'	6,192,000
Accrued interest payable	$259,000	'	$547,000