Old Line Bancshares (OLBK) 10-K 11 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Mar. 01, 2016	Jun. 30, 2015
Document and Entity Information
Entity Registrant Name	OLD LINE BANCSHARES INC
Entity Central Index Key	1,253,317
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 134.9
Entity Common Stock, Shares Outstanding		10,802,560
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 40,239,384	$ 23,572,613
Interest bearing accounts	1,135,263	1,230,864
Federal funds sold	2,326,045	601,259
Total cash and cash equivalents	43,700,692	25,404,736
Investment securities available for sale-at fair value	194,705,675	161,680,198
Loans held for sale, fair value of $8,277,775 and $4,753,995	8,112,488	4,548,106
Loans held for investment (net of allowance for loan losses of $4,909,818 and $4,281,835, respectively)	1,147,034,715	926,573,488
Equity securities at cost	4,942,346	5,811,697
Premises and equipment	36,174,978	34,300,375
Accrued interest receivable	3,814,546	3,218,428
Deferred income taxes	13,820,679	16,106,498
Bank owned life insurance	36,606,105	31,429,747
Other real estate owned	2,472,044	2,451,920
Goodwill	9,786,357	7,793,665
Core deposit intangible	4,351,226	4,420,796
Other assets	4,567,038	3,779,350
Total assets	1,510,088,889	1,227,519,004
Deposits
Non-interest bearing	328,549,405	260,913,521
Interest bearing	907,330,561	754,825,885
Total deposits	1,235,879,966	1,015,739,406
Short term borrowings	107,557,246	61,002,889
Long term borrowings	9,593,318	5,987,283
Supplemental executive retirement plan	5,336,509	5,095,141
Income taxes payable	3,615,677
Other liabilities	4,117,284	4,167,648
Total liabilities	1,366,100,000	1,091,992,367
Stockholders' equity
Common stock, par value $0.01 per share; 25,000,000 shares authorized; issued and outstanding 10,802,560 for 2015 and 10,810,930 for 2014	108,026	108,110
Additional paid-in capital	105,293,606	105,235,646
Retained earnings	38,290,876	30,067,798
Accumulated other comprehensive income (loss)	38,200	(147,250)
Total Old Line Bancshares, Inc. stockholders' equity	143,730,708	135,264,304
Non-controlling interest	258,181	262,333
Total stockholders' equity	143,988,889	135,526,637
Total liabilities and stockholders' equity	$ 1,510,088,889	$ 1,227,519,004

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Consolidated Balance Sheets
Loans held for sale, fair value (in dollars)	$ 8,277,775	$ 4,753,995
Loans held for investment, allowance for loan losses (in dollars)	$ 4,909,818	$ 4,281,835
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares	25,000,000	25,000,000
Common stock, shares issued	10,802,560	10,810,930
Common stock, shares outstanding	10,802,560	10,810,930

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest Income
Loans, including fees	$ 47,948,411	$ 41,723,378	$ 40,206,378
Interest and dividends on taxable investments:
U.S. treasury securities	10,520	21,680	3,043
U.S. government agency securities	521,947	567,785	538,007
Mortgage backed securities	1,502,468	1,498,353	1,464,994
Municipal securities	1,239,290	1,479,292	1,797,449
Federal funds sold	1,022	4,689	3,848
Other	229,136	308,069	249,119
Total interest income	51,452,794	45,603,246	44,262,838
Interest expense
Deposits	4,246,990	3,401,622	3,716,044
Borrowed funds	617,308	498,101	486,209
Total interest expense	4,864,298	3,899,723	4,202,253
Net interest income	46,588,496	41,703,523	40,060,585
Provision for loan losses	1,310,984	2,827,297	1,504,190
Net interest income after provision for loan losses	45,277,512	38,876,226	38,556,395
Non-interest income
Service charges on deposit accounts	1,729,773	1,904,063	1,607,931
Gains on sales or calls of investment securities	65,222	129,911	641,088
Gain on the sale of stock		96,993
Earnings on bank owned life insurance	1,009,653	988,204	840,028
Gain (loss) on disposal of assets	14,128	(30,131)	(104,639)
Gain on the sale of loans	2,019,313	771,815	3,890,029
Other fees and commissions	2,006,906	2,096,069	1,995,745
Total non-interest income	6,844,995	5,956,924	8,870,182
Non-interest expense
Salaries and benefits	17,237,222	17,831,394	16,617,920
Occupancy and equipment	5,775,874	6,268,593	5,353,300
Data processing	1,432,182	1,340,875	1,422,771
FDIC insurance and State of Maryland assessments	966,982	912,208	777,474
Merger and integration	1,420,570	29,167	3,518,945
Core deposit premium amortization	792,351	866,704	838,694
Loss (gain) on sales of other real estate owned	49,717	(697,875)	(144,934)
OREO expense	430,559	554,057	838,429
Directors Fees	651,500	482,498	388,100
Network services	699,649	743,751	582,533
Telephone	659,934	667,095	564,164
Other operating	6,159,143	6,047,868	5,319,893
Total non-interest expense	36,275,683	35,046,335	36,077,289
Income before income taxes	15,846,824	9,786,815	11,349,288
Income tax expense	5,382,390	2,694,104	3,602,083
Net income	10,464,434	7,092,711	7,747,205
Less: Net loss attributable to the non-controlling interest	(4,152)	(37,589)	(91,624)
Net income available to common stockholders	$ 10,468,586	$ 7,130,300	$ 7,838,829
Basic earnings per common share (in dollars per share)	$ 0.98	$ 0.66	$ 0.87
Diluted earnings per common share (in dollars per share)	0.97	0.65	0.86
Dividend per common share (in dollars per share)	$ 0.21	$ 0.18	$ 0.16

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements of Comprehensive Income
Net income	$ 10,464,434	$ 7,092,711	$ 7,747,205
Other Comprehensive Income (Loss):
Unrealized gain (loss) on securities available for sale, net of taxes of $146,528, 2,143,885 and ($3,544,461), respectively.	224,945	3,291,241	(5,441,370)
Reclassification adjustment for realized gain on securities available for sale included in net income, net of taxes of $25,727, $51,243 and $252,877, respectively.	(39,495)	(78,668)	(388,211)
Tax Effect	120,801	2,092,642	3,797,338
Other comprehensive income (loss)	185,450	3,212,573	(5,829,581)
Comprehensive Income	10,649,884	10,305,284	1,917,624
Comprehensive (loss) attributable to the non-controlling interest	(4,152)	(37,589)	(91,624)
Comprehensive income available to common stockholders	$ 10,654,036	$ 10,342,873	$ 2,009,248

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements of Comprehensive Income
Unrealized gain (loss) on securities available for sale, taxes	$ 146,528	$ 2,143,885	$ (3,544,461)
Reclassification adjustment for realized gain on securities available for sale included in net income, taxes	$ 25,727	$ 51,243	$ 252,877

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	WSB Holdings, Inc.Common stock	WSB Holdings, Inc.Additional paid-in capital	WSB Holdings, Inc.	Regal Bancorp Inc.Common stock	Regal Bancorp Inc.Additional paid-in capital	Regal Bancorp Inc.	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Non-controlling interest	Total
Balance at Dec. 31, 2012							$ 68,454	$ 53,792,015	$ 18,531,387	$ 2,469,758	$ 391,547	$ 75,253,161
Balance (in shares) at Dec. 31, 2012							6,845,432
Increase (Decrease) in Stockholders' Equity
Net income attributable to Old Line Bancshares, Inc.									7,838,829			7,838,829
Acquisition	$ 29,095	$ 37,617,967	$ 37,647,062
Acquisition (in shares)	2,909,486
Unrealized gain on securities available for sale, net of income tax benefit										(5,829,581)		(5,829,581)
Net loss attributable to non-controlling interest											(91,625)	(91,624)
Stock based compensation awards								230,743				230,743
Common stock cash dividend per share									(1,490,941)			(1,490,941)
Stock options exercised including tax benefit							$ 792	813,309				814,101
Options exercised by directors and officers (in shares)							79,149
Restricted stock issued							$ 84	(84)
Restricted stock issued (in shares)							8,382
Forfeiture of shares							$ (20)	20
Forfeiture of shares (in shares)							(2,031)
Balance at Dec. 31, 2013							$ 107,772	104,622,171	24,879,275	(3,359,823)	299,922	126,549,318
Balance (in shares) at Dec. 31, 2013							10,777,113
Increase (Decrease) in Stockholders' Equity
Net income attributable to Old Line Bancshares, Inc.									7,130,300			7,130,300
Unrealized gain on securities available for sale, net of income tax benefit										3,212,573		3,212,573
Net loss attributable to non-controlling interest											(37,589)	(37,589)
Stock based compensation awards								336,652				336,652
Private placement-common stock							$ 9,367	12,168,201				12,177,568
Private placement-common stock (in shares)							936,695
Common stock cash dividend per share									(1,941,777)			(1,941,777)
Stock options exercised including tax benefit							$ 256	276,905				277,161
Options exercised by directors and officers (in shares)							25,560
Restricted stock issued							$ 82	(82)
Restricted stock issued (in shares)							8,257
Balance at Dec. 31, 2014							$ 108,110	105,235,646	30,067,798	(147,250)	262,333	$ 135,526,637
Balance (in shares) at Dec. 31, 2014							10,810,930					10,810,930
Increase (Decrease) in Stockholders' Equity
Net income attributable to Old Line Bancshares, Inc.									10,468,586			$ 10,468,586
Acquisition				$ 2,306	$ 4,142,295	$ 4,144,601
Acquisition (in shares)				230,640
Unrealized gain on securities available for sale, net of income tax benefit										185,450		185,450
Net loss attributable to non-controlling interest											(4,152)	(4,152)
Stock based compensation awards								418,419				418,419
Common stock cash dividend per share									(2,245,508)			(2,245,508)
Stock options exercised including tax benefit							$ 695	815,158				815,853
Options exercised by directors and officers (in shares)							69,500
Restricted stock issued							$ 307	(307)
Restricted stock issued (in shares)							30,727
Stock buyback							$ (3,392)	(5,317,605)				(5,320,997)
Stock buyback (in shares)							(339,237)
Balance at Dec. 31, 2015							$ 108,026	$ 105,293,606	$ 38,290,876	$ 38,200	$ 258,181	$ 143,988,889
Balance (in shares) at Dec. 31, 2015							10,802,560					10,802,560

Consolidated Statements of Cha8

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statement of Changes in Stockholders' Equity
Unrealized gain on securities available for sale, income tax expense (benefit)	$ 120,801	$ 2,092,642	$ 3,797,338
Dividend per common share (in dollars per share)	$ 0.21	$ 0.18	$ 0.16
Stock options exercised, tax benefit	$ 94,185	$ 23,934	$ 113,280

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities
Interest received	$ 52,019,926	$ 46,498,072	$ 45,688,813
Fees and commissions received	3,943,589	3,407,770	3,473,068
Interest paid	(4,735,946)	(3,898,507)	(4,495,597)
Cash paid to suppliers and employees	(34,076,151)	(32,110,815)	(30,225,850)
Originations of loans held for sale	(103,508,482)	(54,257,289)	(31,959,210)
Proceeds from the sale of loans held for sale	99,944,100	51,723,894	33,834,528
Income taxes paid	415,220	(1,156,324)	(714,783)
Net cash provided by operating activities	14,002,256	10,206,801	15,600,969
Cash flows from investing activities
Cash and cash equivalents of acquired bank	6,344,304		38,846,599
Acquisition cash consideration	(2,852,321)		(16,966,208)
Purchase of investment securities available for sale	(51,567,606)	(28,384,137)	(27,016,236)
Proceeds from disposal of investment securities
Available for sale at maturity, call or paydowns		16,528,134	34,988,433
Available for sale sold	41,835,214	26,999,085	60,349,897
Loans made, net of principal collected	(129,132,289)	(82,548,387)	(91,899,866)
Proceeds from sale of other real estate owned	1,413,869	3,978,662	4,610,789
Redemption (purchase) of equity securities	869,351
Redemption (purchase) of equity securities		(233,973)	(1,970,233)
Proceeds from sale of premises and equipment	(14,128)	30,131	104,639
Purchase of premises and equipment	(2,399,547)	(1,251,894)	(1,554,461)
Net cash provided by investing activities	(135,474,897)	(64,942,641)	16,250,283
Net increase (decrease) in
Time deposits	94,563,356	(17,535,593)	55,663,499
Other deposits	21,602,161	58,915,512	(32,956,546)
Short term borrowings	46,554,357	11,472,764	(48,625,910)
Long term borrowings	(16,200,985)	(105,791)	(99,276)
Proceeds from stock options exercised, including tax benefit	816,213	277,161	814,101
Private placement-common stock			12,177,568
Purchase of stock buyback	(5,320,997)
Cash dividends paid-common stock	(2,245,508)	(1,941,777)	(1,490,941)
Net cash used in financing activities	139,768,597	51,082,276	(31,483,713)
Net increase (decrease) in cash and cash equivalents	18,295,956	(3,653,564)	367,539
Cash and cash equivalents at beginning of year	25,404,736	29,058,300	28,690,761
Cash and cash equivalents at end of year	43,700,692	25,404,736	29,058,300
Reconciliation of net income to net cash provided (used) by operating activities
Net income	10,464,434	7,092,711	7,747,205
Adjustments to reconcile net income to net cash provided (used) by operating activities
Depreciation and amortization	2,332,087	2,264,380	1,850,659
Provision for loan losses	1,310,984	2,827,297	1,504,190
Amortization of intangible	792,351	866,704	838,694
Change in loans held for sale	(3,564,382)	(2,533,395)	1,875,318
(Gain)/loss on sale of loans	(2,019,313)	(771,815)	(3,890,029)
(Gain)/loss on sale of other real estate owned	49,717	(697,875)	(144,934)
Write down of other real estate owned	145,165		334,040
Gain on the sale of equity securities		(96,993)
(Gain)/loss on sale of fixed assets	(14,128)	30,131	104,639
(Gain)/loss on sale or calls of securities	(65,222)	(129,911)	(641,088)
Amortization of premiums and discounts	910,426	933,688	1,259,194
Deferred loan fees net of costs	(1,039)	(253,358)	73,809
Deferred income taxes	2,496,521	(2,107,312)	740,985
Stock based compensation awards	418,419	336,652	230,743
Increase (decrease) in:
Accrued interest payable	128,352	1,216	(293,344)
Income tax payable	3,130,242	(2,071,174)	2,321,286
Supplemental executive retirement plan	241,368	173,900	305,542
Other liabilities	(1,531,062)	467,726	(2,034,253)
Decrease (increase) in:
Accrued interest receivable	(342,255)	214,496	92,972
Bank owned life insurance	(866,588)	(852,560)	(721,063)
Other assets	(13,821)	4,512,293	4,046,404
Net cash provided by operating activities	14,002,256	10,206,801	15,600,969
Supplemental disclosure of noncash activities:
Loans transferred to other real estate owned	820,725	$ 1,421,365	1,159,308
WSB Holdings, Inc.
Fair Value of Assets and Liabilities from Acquisition [Abstract]
Fair value of tangible assets acquired	129,901,303		324,808,164
Other intangible assets acquired	2,715,463		9,594,598
Fair value of liabilities assumed	(125,619,844)		(279,789,492)
Total merger consideration	$ 6,996,922		$ 54,613,270

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
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. (Bancshares) is the holding company for Old Line Bank (Bank). We provide a full range of banking services to customers located in Anne Arundel, Baltimore, Calvert, Charles, Carroll, Prince George’s and St. Mary’s Counties in Maryland and surrounding areas. Basis of Presentation and Consolidation —The accompanying consolidated financial statements include the activity of Bancshares, its wholly owned subsidiary, Old Line Bank, and its majority owned membership interest in Pointer Ridge Office Investment, LLC (“Pointer Ridge”). We have eliminated all significant intercompany transactions and balances. We report the non ‑controlling interests in Pointer Ridge separately in the consolidated balance sheets. We report the income of Pointer Ridge attributable to Bancshares from the date of our acquisition of majority interest on the consolidated statements of income. Use of Estimates —The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions may affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for loan losses. Cash and Cash Equivalents —For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, amounts due from banks, interest bearing deposits and federal funds sold. Generally, we purchase and sell federal funds for one day periods. Investment Securities —As we purchase securities, management determines if we should classify the securities as held to maturity, available for sale or trading. We record the securities which management has the intent and ability to hold to maturity at amortized cost which is cost adjusted for amortization of premiums and accretion of discounts to maturity. We classify securities which we may sell before maturity as available for sale and carry these securities at fair value with unrealized gains and losses included in stockholders’ equity on an after tax basis. Management has not identified any investment securities as trading. We record gains and losses on the sale of securities on the trade date and determine these gains or losses using the specific identification method. We amortize premiums and accrete discounts using the interest method. Management systematically evaluates investment securities for other ‑ than ‑temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include (1) duration and magnitude of the decline in value, (2) the financial condition of the issuer or issuers and (3) the structure of the security. A decline in the market value of any available for sale security below cost that is deemed other ‑than ‑temporary results in a charge to earnings and establishment of a new cost basis for that security. Stock Based Compensation Awards —The cost of employee services received in exchange for equity instruments, including stock options and restricted stock awards, is generally measured at fair value on the grant date. A Black-Scholes model is used to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used as the fair value of restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period for stock option awards and as the restriction period for restricted stock awards. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Equity Securities —Equity securities include stock from Federal Home Loan Bank, Atlantic Central Bankers Bank, Maryland Financial Bank, which are carried at cost which approximates fair value. Premises and Equipment —We record premises and equipment at cost less accumulated depreciation. Generally, we compute depreciation using the straight line method over the estimated useful life of the assets. Estimated useful life for our buildings is five to 50 years. Estimated useful life for our leasehold improvements is three to 30 years. Estimated useful life for our furniture and equipment is three to 23 years. Other Real Estate Owned —Other real estate owned consists of properties obtained through foreclosure proceedings or acceptance of a deed in lieu of foreclosure, and is reported on an individual asset basis at net realizable value. Net realizable value equals fair value and is determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources less estimated selling costs. While initial fair value is determined by independent third parties, management may subsequently reassess these valuations and apply additional discounts if necessary. When properties are acquired through foreclosure, any excess of the loan balance at the time of foreclosure over the fair value of the real estate held as collateral is recognized and charged to the allowance for loan losses. Subsequent write ‑downs are charged to a separate allowance for losses pertaining to real estate owned, established through provisions for estimated losses on other real estate owned charged to operations. Based upon management’s evaluation of the real estate acquired through foreclosure, additional expense is recorded when necessary in an amount sufficient to reflect any estimated declines in fair value. Gains and losses recognized on the disposition of the properties are also recorded in non ‑interest expense in the consolidated statements of income. Costs of improvements to real estate are capitalized, while costs associated with holding the real estate are charged to operations. Mortgage Banking Activities —As part of normal business operations, we originate residential mortgage loans that have been pre ‑approved by secondary investors. The terms of the loans are set by the secondary investors, and the purchase price that the investor will pay for the loan is agreed to prior to the commitment of the loan. Generally, within three weeks after funding, the loans are transferred to the investor in accordance with the agreed ‑upon terms. On the settlement date of these loans, we record the gains from the sale of these loans equal to the difference between the proceeds to be received and the carrying amount of the loan. Goodwill and Other Intangible Assets —Goodwill represents the excess of the purchase price over the sum of the estimated fair values of tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed related to the acquisitions of Maryland Bankcorp, Inc., WSB Holdings, Inc. and Regal Bancorp, Inc. Core deposit intangibles represent the estimated value of long ‑term deposit relationships acquired in these transactions. The core deposit intangible is being amortized over 18 years for Maryland Bankcorp, Inc., ten years for WSB Holdings, Inc., and eight years for Regal Bancorp, Inc. and the estimated useful lives are periodically reviewed for reasonableness. Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. The goodwill impairment analysis is a two ‑step test . The first step, used to identify potential impairment, comparing the reporting unit’s estimated fair value to its carrying value, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying value, goodwill assigned to that reporting unit is considered not to be impaired. If the carrying value exceeds estimated fair value, there is an indication of potential impairment and the second step is performed to measure the amount of impairment of goodwill assigned to that reporting unit. If required, the second step involves calculating an implied fair value of goodwill for each reporting unit for which the first step indicated impairment. The implied fair value of goodwill is determined in a manner similar to the amount of goodwill calculated in a business combination, by measuring the excess of the estimated fair value of the reporting unit, as determined in the first step, over the aggregate estimated fair values of the individual assets, liabilities and identifiable intangibles as if the reporting unit was being acquired in a business combination. If the implied fair value of goodwill exceeds the carrying value of goodwill assigned to the reporting unit, there is no impairment. If the carrying value of goodwill assigned to a reporting unit exceeds the implied fair value of the goodwill, an impairment charge is recorded for the excess. An impairment loss cannot exceed the carrying value of goodwill assigned to a reporting unit, and the loss establishes a new basis in the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. We have determined that Bancshares has one reporting unit. We evaluated the carrying value of goodwill as of September 30, 2015, our annual test date, and determined that no impairment charge was necessary. Additionally, should Bancshares’ future earnings and cash flows decline and/or discount rates increase, an impairment charge to goodwill and other intangible assets may be required. There have been no events subsequent to the September 30, 2015 evaluation that caused us to perform an interim review of the carrying value of goodwill. Business Combinations —Accounting principles generally accepted in the United States (U.S. GAAP) requires that the acquisition method of accounting be used for all business combinations and that an acquirer be identified for each business combination. Under U.S. 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. U.S. GAAP requires that the acquirer recognize the fair value of assets acquired, liabilities assumed, and any non ‑controlling interest in the acquiree at the acquisition date. Loans and Interest Income —We report loans at face value plus deferred origination costs, less deferred origination fees and the allowance for loan losses. We accrue interest on loans based on the principal amounts outstanding. We amortize origination fees and costs to income over the terms of the loans using an approximate interest method. We discontinue the accrual of interest when any portion of the principal or interest is 90 days past due and collateral is insufficient to discharge the debt in full. Based on current information, we consider loans impaired when management determines that it is unlikely that the borrower will make principal and interest payments according to contractual terms. Generally, we do not review loans for impairment until we have discontinued the accrual of interest. We consider several factors in determining impairment including payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Generally, we do not classify loans that experience insignificant payment delays and payment shortfalls as impaired. Management determines the significance of payment delays and payment shortfalls on a case by case basis. We consider all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. We measure impairment on a loan by loan basis for commercial and real estate loans by determining either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. If it is doubtful that we will collect principal, we apply all payments to principal. We collectively evaluate large groups of smaller balance homogeneous loans for impairment. Accordingly, we do not separately identify individual consumer and residential loans for impairment unless such loans are the subject of a restructuring agreement or the borrower has filed bankruptcy. Acquired Loans —These 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. 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 December 31, 2015 and will be settled subsequent to that date. Only loans purchased by investors with recourse obligations are included in other liabilities. Allowance for Loan Losses —The allowance for loan losses represent an amount which, in management’s judgment, will be adequate to absorb probable losses on existing loans and other extensions of credit that may become uncollectible. Management bases its judgment in determining the adequacy of the allowance on evaluations of the collectability of loans. Management takes into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions that may affect the borrowers’ ability to pay, overall portfolio quality, and review of specific problem areas. If the current economy or real estate market continues to suffer a severe downturn, we may need to increase the estimate for uncollectible accounts. We charge off loans which we deem uncollectible and deduct them from the allowance. We add recoveries on loans previously charged off to the allowance. We base the evaluation of the adequacy of the allowance for loan losses upon loan categories. We categorize loans as residential real estate loans, commercial real estate loans, commercial loans and consumer loans. We further divide commercial real estate loans by owner occupied, investment, hospitality and land acquisition and development. We also divide residential real estate by owner occupied, investment, land acquisition and development and junior liens. All categories are divided by risk rating and loss factors and weighed 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. 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 (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. 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.” We collectively evaluate large groups of smaller balance homogeneous loans for impairment. Accordingly, we do not separately identify individual consumer and residential loans for impairment unless such loans are the subject of a restructuring agreement or the borrower has filed bankruptcy. Qualitative factors include: levels and trends in delinquencies and non ‑accruals; trends in volumes and terms of loans; effects of any changes in lending policies; the experience, ability and depth of management; regional and local economic trends and conditions; Peer Group loan loss history; concentrations of credit; quality of the bank’s loan review system; external factors, such as competition, legal and regulatory requirements; and, management’s collective assessment of the appropriateness of the allowance for loan losses in light of recent trends, events, political impact and other considerations. Advertising —We expense advertising costs over the life of ad campaigns. We expense general purpose advertising as we incur it. Income Taxes —The provision for income taxes includes taxes payable for the current year and deferred income taxes. We determine deferred tax assets and liabilities based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which we expect the differences to reverse. If needed, we use a valuation allowance to reduce the deferred tax assets to the amount we expect to realize. We allocate tax expense and tax benefits to Bancshares and its subsidiaries based on their proportional share of taxable income. Earnings Per 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 and warrants, calculated using the treasury stock method. Years Ended December 31, 2015 2014 2013 Net Income $ $ $ Denominator: Weighted average common shares outstanding Effect of Diluted Shares Diluted shares Net income per share: Basic $ $ $ Diluted $ $ $ Comprehensive Income —Comprehensive income includes net income attributable to Bancshares and the unrealized gain (loss) on investment securities available for sale net of related income taxes and unrealized gain (loss) on the pension plan. The line item affected in the consolidated statements of income by the re ‑classified amounts is gain on sales or calls of investment securities. Reclassifications —We have made certain reclassifications to the 2014 and 2013 financial presentation to conform to the 2015 presentation. Recent Accounting Pronouncements — In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 – Revenue from Contracts with Customers , which will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principal of this ASU is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This ASU will be effective for us in our first quarter of 2018. Early adoption is not permitted. The ASU allows for either full retrospective or modified retrospective adoption. We are evaluating the transition method that will be elected and the potential effects of the adoption of this ASU on our financial statements. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . The amendments in ASU No. 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date with earlier application permitted for financial statements that have not been issued. The Company is currently evaluating the provisions of this amendment to determine the potential impact the new standard will have on the Company's consolidated financial statements as it relates to future business combinations. I n August 2014, the FASB issued ASU No. 2014-14- Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure , to address the diversity in practice regarding the classification and measurement of foreclosed loans which were part of a government-sponsored loan guarantee program (e.g. HUD, FHA, VA). The ASU outlines certain criteria and provides that, if met, the loan (residential or commercial) should be derecognized and a separate other receivable should be recorded upon foreclosure at the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. This ASU was effective for annual reporting periods beginning after December 15, 2014, including interim periods within that reporting period. The adoption of ASU No. 2014-14 did not have a material impact on our consolidated financial statements and the required disclosures have been included in Note 6. In June 2014, the FASB issued ASU No. 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The new guidance aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as repurchase financings with the accounting for other typical repurchase agreements. Going forward, these transactions must all be accounted for as secured borrowings. The guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement, which has resulted in outcomes referred to as off-balance-sheet accounting. The amendments in the ASU require a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. The amendments in the ASU also require expanded disclosures, effective for the current reporting period, about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings (see Note 11 to the Consolidated Financial Statements). We adopted the amendments in this ASU effective January 1, 2015. As of December 31, 2015, all of our repurchase agreements were typical in nature (i.e., not repurchase-to-maturity transactions or repurchase agreements executed as a repurchase financing) and are accounted for as secured borrowings. As such, the adoption of ASU No. 2014-11 did not have a material impact on our consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved After the Requisite Service Period. The amendments clarify the proper method of accounting for share-based payments when the terms of an award provide that a performance target that affects vesting could be achieved after the requisite service period be treated as a performance condition. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved. This update requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The amendments in this update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. Management is currently evaluating the impact of adoption on the consolidated financial statements, but does not believe that adoption will have a material impact. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Recognition and Measurement of Financial Assets and Liabilities , which is intended to improve the recognition and measurement of financial instruments by: requiring equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This ASU is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This ASU permits early adoption of the instrument-specific credit risk provision. The Company is currently evaluating the impact of adopting the new guidance on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The FASB issued this ASU to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet by lessees for those leases classified as operating leases under current U.S. GAAP and disclosing key information about leasing arrangements. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early application of this ASU is permitted for all entities. The Company is currently assessing the impact that the adoption of this standard will have on the financial condition and results of operations of the Company.

Acquisition of Regal Bancorp In

Acquisition of Regal Bancorp Inc	12 Months Ended
	Dec. 31, 2015
Regal Acquisition
Regal Acquisition	2. Acquisition of Regal Bancorp, Inc. On December 4, 2015, Bancshares, completed its acquisition of Regal Bancorp, Inc. (“Regal”), the parent company of Regal Bank & Trust (“Regal Bank”), through the merger of Regal with and into Bancshares (the “Merger”). The Merger was consummated pursuant to the Agreement and Plan of Merger dated as of August 5, 2015, by and between Bancshares and Regal, as amended (the “Merger Agreement”). This acquisition facilitates Old Line’s entry into the attractive markets of Baltimore County and Carroll County Maryland. As a result of the Merger, each share of preferred stock of Regal was converted into the right to receive $2.00 in cash, and each share of common stock of Regal was converted into the right to receive, at the holder’s election, $12.68 in cash or 0.7718 shares of Bancshares’ common stock, provided (i) cash was paid in lieu of any fractional shares of Bancshares common stock and (ii) no more than 59 % of the total consideration paid in the merger could consist of cash. As a result Bancshares issued approximately 230,640 shares of its common stock and paid approximately $2. 9 million in cash in exchange for the shares of common stock and preferred stock of Regal in the Merger. The aggregate Merger consideration was approximately $7.0 million as calculated pursuant to the Merger Agreement. In connection with the Merger, the parties have caused Regal Bank to merge with and into Old Line Bank, with Old Line Bank the surviving bank. The acquired assets and assumed liabilities of Regal Bancorp were measured at estimated fair value. Management made significant estimates and exercised significant judgment in accounting for the acquisition of Regal Bancorp. 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. Management used quoted or current market prices to determine the fair value of investment securities, long ‑term borrowings and trust preferred subordinated debentures that were assumed from Regal Bancorp. The following table provides the purchase price as of the acquisition date and the identifiable assets acquired and liabilities assumed at their estimated fair values. Purchase Price Consideration Cash consideration $ Purchase price assigned to shares exchanged for stock Total purchase price for Regal acquisition Fair Value of Assets Acquired Cash and due from banks $ Investment securities available for sale Loans, net of deferred fees and costs Premises and equipment Accrued interest receivable Deferred income taxes Bank owned life insurance Other real estate owned Core deposit intangible Other assets Total assets acquired $ Fair Value of Liabilities assumed Deposits $ Long term borrowings Trust preferred subordinated debentures Other liabilities Total liabilities assumed $ Fair Value of net assets acquired Total Purchase Price Goodwill recorded for Regal $ Pro forma financial information is not provided because such amounts are not meaningful to the Company’s consolidated financial statements. The following is an outline of the expenses that we have incurred during the years ended December 31, 2015 in conjunction with the Regal Bancorp merger: Years ended December 31, 2015 Data processing $ Salaries Advisory & legal fees Other $

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	3. Goodwill and Other Intangible Assets The following is a summary of changes in the carrying amounts of goodwill as well as the gross carrying amounts and accumulated amortization of core deposit intangibles: December 31, 2015 2014 Goodwill: Carrying amount at beginning of year $ $ Goodwill from Regal acquisition - Carrying amount at end of year $ $ Core deposit intangible: Core deposit intangible $ $ Acquired during the year - Less accumulated amortization Carrying amount at end of year $ $ We recorded amortization expense related to the core deposit intangible of $792,351 , $866,704 and $838,694 for the years ended December 31, 2015, 2014 and 2013, respectively. Core deposit intangibles are being amortized as follows: Core Deposit Years ended December 31, Premium 2016 2017 2018 2019 2020 Thereafter Total $

Cash and Equivalents

Cash and Equivalents	12 Months Ended
	Dec. 31, 2015
Cash and Equivalents
Cash and Equivalents	4. Cash and Cash Equivalents The Bank may carry balances with other banks that exceed the federally insured limit. We did not have any accounts that exceeded the federally insured limit in 2015 or 2014. The Bank also sells federal funds on an unsecured basis to the same banks. The average balance sold was $365 thousand and $2.9 million in 2015 and 2014, respectively. Federal banking regulations require banks to carry non ‑interest bearing cash reserves at specified percentages of deposit balances. The Bank’s normal amount of cash on hand and on deposit with other banks is sufficient to satisfy the reserve requirements.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2015
Investment Securities
Investment Securities	5. Investment Securities Investment securities are summarized as follows: Gross Gross Amortized unrealized unrealized Estimated cost gains losses fair value December 31, 2015 Available for sale U. S. treasury $ $ $ $ U.S. government agency Municipal securities Mortgage backed securities: FHLMC certificates FNMA certificates GNMA certificates SBA loan pools — $ $ $ $ December 31, 2014 Available for sale U. S. treasury $ $ $ — $ U.S. government agency Municipal securities Mortgage backed securities FHLMC certificates FNMA certificates GNMA certificates SBA loan pools — $ $ $ $ The table below summarizes investment securities with unrealized losses and the length of time the securities have been in an unrealized loss position as of December 31, 2015 and 2014: December 31, 2015 Less than 12 months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U. S. treasury $ $ $ — $ — $ $ U.S. government agency Municipal securities Mortgage backed securities FHLMC certificates — — FNMA certificates GNMA certificates SBA loan pools — — $ $ $ $ $ $ December 31, 2014 Less than 12 months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. government agency $ $ $ $ $ $ Municipal securities Mortgage backed securities FHLMC certificates — — FNMA certificates GNMA certificates SBA loan pools — — $ $ $ $ $ $ At December 31, 2015, we had 70 investment securities that were in an unrealized loss position for less than 12 months and 23 investment securities in an unrealized loss position for 12 months or more. We consider all unrealized losses on securities as of December 31, 2015 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 December 31, 2015, we do not have the intent to sell any of the securities classified as available for sale with unrealized losses 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 recognized any other than temporary impairment loss in our consolidated statement of income. During the year ended December 31, 2015, exclusive of the sale of investments acquired in the Regal merger of $24 million, we received $6.0 million in proceeds from sales, maturities or calls and principal pay-downs on investment securities and realized gains of $69 thousand and realized losses of $4 thousand for total realized net gain of $65 thousand. During the year ended December 31, 2014, we received $43.5 million in proceeds from sales, maturities or calls and principal pay-downs on investment securities and realized gains of $239 thousand and realized losses of $109 thousand for a total net gain of $130 thousand. As a result of the Regal acquisition, we acquired $24 million in investment securities, which consisted of longer duration MBS that we sold immediately for no effect on the income statement. Proceeds from the sale of this portfolio was used to purchase shorter duration 15 year MBS and municipal bonds. Contractual maturities and pledged securities at December 31, 2015 and 2014 are shown below. Actual maturities will differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties. In addition, we classify mortgage backed securities based on maturity date, although the Bank receives payments on a monthly basis. We have pledged securities to customers who have funds invested in overnight repurchase agreements and deposits. 2015 2014 Amortized Fair Amortized Fair December 31, cost value cost value Maturing Within one year $ $ $ $ Over one to five years Over five to ten years Over ten years $ $ $ $ Pledged securities $ $ $ $

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2015
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	6. Loans and Allowance for Loan Losses Major classifications of loans are as follows: December 31, 2015 December 31, 2014 Legacy(1) Acquired Total Legacy(1) Acquired Total Commercial Real Estate Owner Occupied $ $ $ $ $ $ Investment Hospitality Land and A&D Residential Real Estate First Lien—Investment First Lien—Owner Occupied Residential Land and A&D HELOC and Jr. Liens Commercial and Industrial Consumer Allowance for loan losses Deferred loan costs, net — $ $ $ $ $ $ (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, WSB Holdings, the parent company of WSB, in May 2013 and Regal Bancorp, Inc., the parent company of Regal Bank in December 2015, we have segmented the portfolio into two components, loans originated by the Bank (legacy) and loans acquired from MB&T, WSB and Regal Bank (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 We finance commercial real estate for our clients, for owner occupied and investment properties. Commercial real estate loans totaled $ 767.6 million and $ 600.7 million at December 31, 2015 and 2014. This lending has involved loans secured by owner ‑occupied commercial buildings for office, storage and warehouse space, as well as non ‑owner occupied commercial buildings. Our underwriting criteria for commercial real estate loans include maximum loan ‑to ‑value ratios, debt coverage ratios, secondary sources of repayments, guarantor requirements, net worth requirements and quality of cash flows. Loans secured by commercial real estate may be large in size and may involve a greater degree of risk than one ‑to ‑four family residential mortgage loans. Payments on such loans are often dependent of successful operation or management of the properties. We will generally finance owner occupied commercial real estate that does not exceed loan to value of 80% and investor real estate at a maximum loan to value of 75% . 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 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. At December 31, 2015 and 2014, we had approximately $102.2 million and $84.7 million, respectively, of commercial real estate loans outstanding 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. 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 amounted to $ 260.7 million and $2 11.5 million at December 31, 2015 and 2014. Although most of these loans are in our 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 43% , collateral value, length of employment and prior credit history. A credit score of 660 is required. We do not originate any subprime residential real estate loans. This segment of our portfolio also consists of funds advanced for construction of custom single family residences homes (where the home buyer is the borrower) and financing to builders for the construction of pre-sold homes and multi ‑family housing. These loans generally have short durations, meaning maturities typically of twelve months or less. The Bank limits its construction lending risk through adherence to established underwriting procedures. These loans generally have short durations, meaning maturities typically of twelve 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. The vast majority of these loans are concentrated in our market area. Construction lending also entails significant risk. These risks generally 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 “as is” and “as if completed.” An appraisal of the property estimates the value of the project prior to completion of construction. Thus, initial funds are advanced based on the current value of the property with the remaining construction funds advanced under a budget sufficient to successfully complete the project within the “as completed” loan to value. To further mitigate the risks, we generally limit loan amounts to 80% or less of appraised values and obtain first lien positions on the property. We generally only offer real estate construction financing only to experienced builders, commercial entities or individuals who have demonstrated the ability to obtain a permanent loan “take ‑out” (conversion to a permanent mortgage upon completion of the project). 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. We may provide permanent financing on the same projects for which we have provided the construction financing. We also offer fixed rate home improvement loans. Our home equity and home improvement loan portfolio gives us a diverse client base. Although most of these loans are in our market area, the diversity of the individual loans in the portfolio reduces our potential risk. Usually, we secure our home equity loans and lines of credit with a security interest in the borrower’s primary or secondary residence. Under our loan approval policy, all residential real estate loans approved must comply with federal regulations. Generally, we will make residential mortgage loans in amounts up to the limits established from time to time by Fannie Mae and Freddie Mac for secondary market resale purposes. This amount for single-family residential loans currently varies from $417,000 up to a maximum of $625,500 for certain high-cost designated areas. We also make residential mortgage loans up to limits established by the Federal Housing Administration, which currently is $625,500 . The Washington, D.C. and Baltimore areas are both considered high-cost designated areas. We will, however, make loans in excess of these amounts if we believe that we can sell the loans in the secondary market or that the loans should be held in our portfolio. For loans sold in the secondary market, we require a credit score of at least 640 with some exceptions to 620 for veterans. Loans sold in the secondary market are sold to investors on a servicing released basis and recorded as loans as held-for-sale. The premium is recorded in gain on sale of loans in non-interest income, net of commissions paid to the loan officers. Commercial and Industrial Lending Our commercial and industrial 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 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 the Bank. Commercial business loans have a higher degree of risk than residential mortgage loans because the availability of funds for repayment generally depends on the success of the business. 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 Loans 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. This category includes our luxury boat loans, which we made prior to 2008 and that remain in our portfolio. Consumer loans, however, are not a focus of our lending activities. 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. As a general guideline, a consumer’s total debt service should not exceed 40% of his or her gross income. Consumer loans may present greater credit risk than residential mortgage loans because many consumer loans 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. However, in our opinion, many of these risks do not apply to the luxury boat portion of the loan portfolio due to the credit quality and liquidity of these borrowers. 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, Montgomery, 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. Non ‑Accrual and Past Due Loans We consider 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 consistently 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 December 31, 2015 and 2014. Age Analysis of Past Due Loans December 31, 2015 December 31, 2014 Legacy Acquired Total Legacy Acquired Total Current $ $ $ $ $ $ Accruing past due loans: 30 - 89 days past due Commercial Real Estate: Owner Occupied — — — — Investment — — — — Land and A&D — — — Residential Real Estate: First-Investment First-Owner Occupied — Land and A&D — — — — HELOC and Jr. Liens — — — — Commercial Consumer — — Total 30 - 89 days past due 90 or more days past due Commercial Real Estate: Land and A&D — — — — Residential Real Estate: First-Owner Occupied — — — — Consumer — — — — Total 90 or more days past due — — Total accruing past due loans Recorded Investment Non-accruing loans: Commercial Real Estate: Owner Occupied — Investment — — — — Land and A&D — — — — Residential Real Estate: First-Investment First-Owner Occupied — — Land and A&D — — — — Commercial — — Consumer — — — — Total Recorded Investment Non-accruing past due loans: Total Loans $ $ $ $ $ $ We evaluate all impaired loans, which includes non ‑performing loans and troubled debt restructurings (TDRs). 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. We individually evaluate all legacy substandard loans risk rated seven, certain legacy special mention loans risk rated six and all legacy TDR for impairment. We individually evaluate all acquired loans that we risk rated substandard seven subsequent to the acquisition, certain acquired special mention loans risk rated six and all acquired TDRs for impairment. We also evaluate all loans acquired and recorded at fair value under ASC 310 ‑30 for impairment. The table below presents our impaired loans at December 31, 2015. Impaired Loans Twelve months ended December 31, 2015 Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized Legacy With no related allowance recorded: Commercial Real Estate: Owner Occupied $ $ $ — $ $ Investment — Residential Real Estate: First-Investment — — Commercial — — With an allowance recorded: Commercial Real Estate: Owner Occupied — Commercial Consumer — — — — — Total legacy impaired Acquired(1) With no related allowance recorded: Commercial Real Estate: Investment — — — — — Land and A&D — — Residential Real Estate: First-Owner Occupied — First-Investment — — — — — Land and A&D — — — — — Commercial — — — — — With an allowance recorded: Residential Real Estate: First-Investment — Total acquired impaired Total impaired $ $ $ $ $ (1) Generally accepted accounting principles require that we record acquired loans at fair value which includes a discount for loans with credit impairment. These purchase credit impaired loans are not performing according to their contractual terms and meet our definition of an 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. The table below presents our impaired loans at December 31, 2014. Impaired Loans Twelve months ended December 31, 2014 Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized Legacy With no related allowance recorded: Commercial Real Estate: Owner Occupied $ $ $ — $ $ Investment — Residential Real Estate: First-Investment — — Commercial — With an allowance recorded: Commercial Consumer Total legacy impaired Acquired(1) With no related allowance recorded: Commercial Real Estate: Owner Occupied — Land and A&D — Residential Real Estate: First-Owner Occupied — First-Investment — Land and A&D — — — — — Commercial — With an allowance recorded: Commercial Real Estate: Land and A&D Residential Real Estate: First-Owner Occupied — — — — — Land and A&D — — — — — Total acquired impaired Total impaired $ $ $ $ $ (2) Generally accepted accounting principles require that we record acquired loans at fair value which includes a discount for loans with credit impairment. These purchase credit impaired loans are not performing according to their contractual terms and meet our definition of an 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. 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 December 31, 2015 consisted of five loans for $711 thousand compared to four loans at December 31, 2014 for $589 thousand. The following table includes the recorded investment and number of modifications for TDRs for the years ended December 31, 2015 and 2014. We report the recorded investment in loans prior to a modification and also the recorded investment in the loans after the loans were restructured. Reductions in the recorded investment are primarily due to the partial charge ‑off of the principal balance prior to the modification. Loans Modified as a TDR for the twelve months ended December 31, 2015 December 31, 2014 Pre- Post Pre- Post Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Troubled Debt Restructurings— # of Recorded Recorded # of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Contracts Investment Investment Acquired Residential Real Estate Owner Occupied — — — Total Troubled Debt Restructurings $ $ — $ — $ — There were no loans that were modified as TDRs during the previous 12 months and for which there was a payment default during the years ended December 31, 2015 or 2014. One residential real estate loan for $232 thousand was modified as a TDR at maturity and extended for a five year term. For our acquisition of Regal on December 4, 2015, we recorded all loans acquired at the estimated fair value on their purchase date with no carryover of the related allowance for loan 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 318 performing loans totaling $88.2 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 discount of $675 thousand at acquisition. We then adjusted these values for inherent credit risk within each pool, which resulted in a total credit adjustment of $1.2 million. We also individually evaluated 25 impaired loans totaling $7.5 million to determine the fair value as of the December 4, 2015 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 related non-accretable difference of $2.1 million relating to these purchased 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 $303 thousand on the acquisition date relating to these impaired 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 Regal impaired loans as of the acquisition date, December 4, 2015. Purchased Credit Impaired Contractually required principal at acquisition $ Contractual cash flows not expected to be collected (non accretable difference) Expected cash flows at acquisition Accretable difference Basis in purchased credit impaired loans at acquisition - estimated fair value $ The following table documents changes in the accretable discount on all purchased credit impaired loans during the periods ended December 31, 2015 and 2014, along with the outstanding balances and related carrying amounts for the beginning and end of those respective periods. December 31, 2015 2014 Balance at beginning of period $ $ Additions due to Regal acquisition — Accretion of fair value discounts Reclassification from non-accretable (1) Balance at end of period Contractually Required Payments Carrying Receivable Amount At December 31, 2015 $ $ At December 31, 2014 (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. We base the evaluation of the adequacy of the allowance for loan losses upon loan categories. We categorize loans as residential real estate loans, commercial real estate loans, commercial loans and consumer loans. We further divide commercial real estate loans by owner occupied, investment, hospitality and land acquisition and development. We also divide residential real estate by owner occupied, investment, land acquisition and development and junior liens. All categories are divided by risk rating and loss factors and weighed 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. We determine loss ratios for all loans based upon a review of the three year loss ratio for the category and qualitative factors. With respect to commercial loans, management assigns a risk rating of one through nine as follows: · Risk rating 1 (Highest Quality)—This category has the highest relative probability of repayment. Borrowers in this category would normally be investment grade risks, meaning entities having access (or capable of access) to the public capital markets and the supporting loan underwriting conforms to the standards of institutional credit providers. Credit risk is virtually absent due to the borrower’s substantial financial capacity, superior liquidity, and outstanding debt service coverage. This rating is generally reserved for the strongest customers of the Bank, or for loans that are secured by 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 deposit drawn on Old Line Bank or other high quality financial institutions. Loans to individuals of vast financial capacity, or those supported by conservatively margined liquid collateral, may warrant this Highest Quality rating. · Risk rating 2 (Very Good Quality) is normally assigned to a loan with a very high probability of repayment. Borrowers in this category may have access to alternative sources of financing. Credit risk is minimal due to the borrower’s sound primary and secondary repayments sources, strong debt capacity and coverage and good management in all key positions. This rating is generally reserved for strong customers of the Bank, or for loans secured by a properly margined portfolio of high quality traded stocks, lower grade municipal bonds and uninsured certificates of deposit at other financial institutions. Loans to individuals of substantial financial capacity, exhibiting significant liquidity, low leverage and a well ‑defined source of repayment may warrant this Very Good Quality rating. · Risk rating 3 (Good Quality) is normally assigned to a loan with a sound primary and secondary source of repayment. This category represents a below average degree of risk as to repayment with no loss potential indicated. Borrowers in this category represent a reasonable credit risk with demonstrated ability to repay the debt from normal business operations. Borrowers should have a sound balance sheet, modest leverage, good liquidity and above average debt service coverage. There should be no significant departure from the intended source and timing of repayment and no undue reliance on secondary sources of repayment. To the extent that some variance exists in one or more criteria being measured, it may be offset by the relative strength of other factors and/or collateral pledged to secure the transaction. Loans to individuals of strong financial capacity, exhibiting good liquidity, reasonable leverage and defined primary and secondary sources of repayment may warrant this Good Quality rating. · Risk rating 4 (Average Quality)—This category represents an average degree of risk as to repayment with minimal to no loss potential indicated. Borrowers in this category exhibit generally stable operating trends. Borrowers should have a satisfactory balance sheet, manageable leverage, moderate liquidity and average debt service coverage. There should be no adverse departure from the intended source and timing of repayment and secondary sources of repayment should be readily available. Loans to individuals with adequate to strong net worth and some liquidity may warrant an Average Quality rating. · Risk rating 5 (Pass/Watch)—Borrowers in this category generally exhibit characteristics of an Average Quality credit, but may be experiencing income volatility, negative operating trends and a more highly leveraged balance sheet, thus warranting more than the normal level of supervision. Loans to borrowers with industry volatility, declining market share, marginal or new management, weak internal reporting systems, inadequate financial reporting to the Bank and loans to start ‑up businesses or businesses with untested management generally warrant a “Watch” designation; provided, however, that events or circumstances prompting this rating do not constitute an undue or unwarranted credit risk. Credits that require additional monitoring such as construction loans, asset based loans and loans granted under certain government lending programs (i.e. U. S. Small Business Administration—“SBA”) may be carried in this category where the risk or monitoring needs may be higher than the norm. Additionally, credits may be placed in this category because of an adverse event that has not weakened the credit, but which should be followed to assure that resolution occurs without material impact on the borrower. · Risk rating 6 (Special Mention)—Loans in this category generally represent currently protected, but potentially weak assets that deserve management’s close attention. If left uncorrected, the potential weaknesses may, at some future date, result in deterioration of the repayment prospects for the loan or in the Bank’s credit position. These loans constitute an unwarranted credit risk, but do not expose the Bank to sufficient risk to warrant adverse classification. Loans in this category may include credits that the Bank may be unable to supervise properly because of a lack of expertise, inadequate loan agreement, outdated and /or incomplete financial reporting, the condition of and control over collateral, failure to obtain proper documentation, or any other deviations from prudent lending practices. Economic or market conditions that may, in the future, affect the borrower, an adverse trend in the borrower’s operations or an imbalanced position in the balance sheet that has not reached a point where liquidation is jeopardized may warrant this Special Mention designation. · Risk rating 7 (Substandard)—Loans in this category represent assets inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. These assets have a well ‑defined weakness, or weaknesses, that jeopardize liquidation of the debt and are characterized by the distinct possibility that the Bank will sustain some loss if deficiencies are not corrected. Loss potential, while existing in the aggregate amount of Substandard credits, does not have to exist in individual extensions of credit classified Substandard. Loans in this category are subject to impairment analysis, may require a specific reserve allocation and may be placed on non ‑accrual status. · Risk rating 8 (Doubtful)—Loans in this category have all the weaknesses inherent in a Substandard credit with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly improbable. The key issue that makes a loan Doubtful is the potential for loss. The possibility for some degree of loss is extremely high, but because of certain important and reasonably specific pending factors that may be advantageous and strengthen the credit, a classification as an estimated loss is deferred until a more exact status can be determined. Such pending factors could include a proposed merger, acquisition or liquidation procedures, additional capital injection, perfection of liens on additional collateral and refinancing plans. Doubtful assets are subject to impairment analysis, a specific reserve allocation and must be placed on non ‑accrual status. · Risk rating 9 (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. Loans are charged off within the period in which they are determined to be uncollectible. We charge off loans that management has identified as losses. We consider suggestions from our external loan review firm and bank examiners when determining which loans to charge off. We automatically charge off consumer loan accounts based on regulatory requirements. If a loan that was previously rated a pass performing loan, from our acquisitions, deteriorates subsequent to the acquisition, the subject loa

Equity Securities

Equity Securities	12 Months Ended
	Dec. 31, 2015
Equity Securities
Equity Securities	7. Equity Securities We own the following equity securities: December 31, 2015 2014 Federal Reserve Bank stock $ — $ Atlantic Central Bankers Bank stock Federal Home Loan Bank stock ICBA Stock — Maryland Financial Bank stock Investment in Maryland Statutory Trust — Total $ $ We carry these securities at cost and have evaluated them for other than temporary impairment. In 2015 and 2014, we did not record any such impairment.

Pointer Ridge Office Investment

Pointer Ridge Office Investment, LLC	12 Months Ended
	Dec. 31, 2015
Pointer Ridge Office Investment, LLC
Pointer Ridge Office Investment, LLC	8. Pointer Ridge Office Investment, LLC We own 62.5% of Pointer Ridge and consolidate its results of operations with ours. The following table summarizes the condensed Balance Sheets and Statements of Income information for Pointer Ridge. Pointer Ridge Office Investment, LLC December 31, 2015 2014 2013 Condensed Balance Sheets Current assets $ $ $ Non-current assets Liabilities Equity Condensed Statements of Income Revenue $ $ $ Expenses Net loss $ $ $

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2015
Premises and Equipment
Premises and Equipment	9. Premises and Equipment A summary of our premises and equipment and the related depreciation expense follows: December 31, 2015 2014 Land $ $ Building Leasehold improvements Furniture and equipment Accumulated depreciation Net premises and equipment $ $ Depreciation expense $ $

Deposits

Deposits	12 Months Ended
	Dec. 31, 2015
Deposits
Deposits	10. Deposits Major classifications of interest bearing deposits are as follows: December 31, 2015 2014 Money market and NOW $ $ Savings Time deposits that meet or exceed the FDIC insured limit Other time deposits $ $ Time deposits mature as follows: December 31, 2015 2014 Within three months $ $ Over three to twelve months Over one to three years Over three to five years $ $ Interest on deposits for the years ended December 31, 2015, 2014 and 2013, consisted of the following: December 31, 2015 2014 2013 Money market and NOW $ $ $ Savings Other time deposits $ $ $

Short Term Borrowings

Short Term Borrowings	12 Months Ended
	Dec. 31, 2015
Short Term Borrowings
Short Term Borrowings	11. Short Term Borrowings Bancshares has available an unsecured $5.0 million line of credit. The Bank has available lines of credit including overnight federal funds and reverse repurchase agreements from its correspondent banks totaling $33.5 million as of December 31, 2015. The Bank has an additional secured line of credit from the Federal Home Loan Bank of Atlanta (FHLB) of $397.3 million. Prior to allowing the Bank to borrow under the line of credit, the FHLB requires that the Bank provide collateral to support borrowings. This collateral consists primarily of our commercial real estate loans, residential real estate loans and our multi ‑family loans. At December 31, 2015, we had provided $ 160.7 million in lendable collateral value and as outlined below have borrowed $74.0 million. We have additional available borrowing capacity of $86.7 million. We may increase this availability by pledging additional collateral. As a condition of obtaining the line of credit from the FHLB, the FHLB also requires that the Bank purchase shares of capital stock in the FHLB. Securities Sold Under Agreements to Repurchase To support the $33.5 million in repurchase agreements at December 31, 2015, we have provided collateral in the form of investment securities. At December 31, 2015, we have pledged $42.6 million in U.S. government agency securities and mortgage-backed securities to customers who require collateral for overnights repurchase agreements and deposits. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. As a result, there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities. We monitor collateral levels on a continuous basis. We may be required to provide additional collateral based on the fair value of the underlying securities in the event the collateral fair value falls below stipulated levels. We closely monitor the collateral levels to ensure adequate levels are maintained. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. We have the right to sell or re-pledge the investment securities. For government entity repurchase agreements, the collateral is held by Old Line Bank in a segregated custodial account under a tri-party agreement. The repurchase agreements totaling $33.5 million mature daily and will remain fully collateralized until the account has been closed or terminated. At December 31, 2015, the book and market values of securities pledged as collateral for repurchase agreements were $42,610,016 and $42,385,435 , respectively The Bank previously sold short term promissory notes to its customers. These notes re ‑priced and matured on a daily basis. This program terminated in 2014. Federal funds purchased are unsecured, overnight borrowings from other financial institutions. Short ‑term borrowings from the FHLB have a remaining maturity of less than one year. Information related to short term borrowings is as follows: 2015 2014 Maximum Amount Maximum Amount Borrowed During Borrowed During Any Month End Any Month End December 31, Amount Rate Period Amount Rate Period Short term promissory notes $ — — % $ — $ — — % $ — Repurchase agreements FHLB daily rate advances FHLB adjustable rate advances — — — FHLB fixed rate advances — — — Total short term borrowings $ $ $ $ Average for the year Short term promissory notes $ — — % $ % Repurchase agreements FHLB daily rate advances FHLB adjustable rate advances — — FHLB fixed rate advances — — Total $ $

Long Term Borrowings

Long Term Borrowings	12 Months Ended
	Dec. 31, 2015
Long Term Borrowings
Long Term Borrowings	12. Long Term Borrowings The table below presents Bancshares’ long term borrowings at December 31, 2015 and 2014. The senior note is an obligation of Pointer Ridge. It has a 10 year fixed interest rate of 6.28% and matures on September 5, 2016. The trust preferred subordinated debentures, acquired in the Regal acquisition, consists of two trusts - Trust 1 in the amount of $4.0 million (fair value adjustment of $1.6 million) maturing in 2034 and Trust 2 in the amount of $2.0 (fair value adjustment of $1.3 million) maturing in 2035. 2015 2014 December 31, Amount Rate Amount Rate Amount outstanding at year end Senior note $ % $ % Subordinated Debentures Trust 1 - Floating 90-day LIBOR plus 2.85%, due 2034 Acquisition fair value adjustment Trust 2 - Floating 90-day LIBOR plus 1.60%, due 2035 Acquisition fair value adjustment Stock on subordinated debentures Net carrying value (1) Total $ $ Average for the year Senior note, fixed at 6.28% $ % $ % Trust preferred subordinated debentures — — Total $ $ (1)The effective yield of the acquired subordinated debentures Principal payments on long term debt obligations are due as follows: Year Amount 2016 over 10 years $

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions
Related Party Transactions	13. Related Party Transactions The Bank has entered into various transactions with firms in which owners are also members of the Board of Directors. Fees charged for these services are at similar rates charged by unrelated parties for similar work. Amounts paid to these related parties totaled $276,6 18 , $275,530 and $266,059 , during the years ended December 31, 2015, 2014 and 2013, respectively. Effective November 1, 2008, we purchased Chesapeake Custom Homes, L.L.C.’s 12.5% membership interest in Pointer Ridge for the book value of $205,000. This purchase increased Bancshares’ membership interest fr om 50.0% to 62.5%. A director of Bancshares and the Bank, is the President and 52.0% stockholder of Lucente Enterprises, Inc. Lucente Enterprises, Inc. is the manager and majority member of Chesapeake Custom Homes, L.L.C. Lucente Enterprises has retained its 12.5% membership interest in Pointer Ridge. In 2015, 2014 and 2013, the Bank paid Pointer Ridge $897,333, $794,453 and $738,576, respectively, in lease payments. The directors, executive officers and their affiliated companies maintained deposits with the Bank of $ 9,421,751 and $11,986,023 at December 31, 2015 and, 2014, respectively. The schedule below summarizes changes in amounts of loans outstanding to directors and executive officers or their affiliated companies: December 31, 2015 2014 Balance at beginning of year $ $ Additions Resignation of Director — Repayments Balance at end of year $ $ In addition to the outstanding balances, the directors and executive officers or affiliated companies have $212,500 in unused commitments as of December 31, 2015. In the opinion of management, these transactions were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties. .

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes
Income Taxes	14. Income Taxes The components of income tax expense are as follows: December 31, 2015 2014 2013 Current Federal $ $ $ State Deferred Federal — State $ $ $ The components of deferred income taxes are as follows: December 31, 2015 2014 2013 Provision for loan losses $ $ $ Non-accrual interest Impairment losses and expenses on other real estate owned — Director stock options Deferred compensation plans Deferred loan origination costs, net Depreciation — Mark-to-market tax accounting for acquired securities — Net operating loss carryover — Accretion of fair value adjustments for acquired assets and liabilities — Non-compete and consulting agreements Core deposit intangible amortization Defined benefit plan — — Other AMT — — $ $ $ The provision for income taxes includes taxes payable for the current year and deferred income taxes. We determine deferred tax assets and liabilities based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which we expect the differences to reverse. We allocate tax expense and tax benefits to the Bank and Bancshares based on their proportional share of taxable income. The components of net deferred tax assets and liabilities are as follows: December 31, 2015 2014 Deferred tax assets Allowance for loan losses $ $ Non-accrual interest Impairment losses and expenses on other real estate owned Director stock options Deferred compensation plans Net operating loss carryover AMT Credit Carryover — Fair value adjustments for acquired assets and liabilities Investment impairment loss Non-compete agreements Other Net unrealized loss on securities available for sale $ $ Deferred tax liabilities Deferred loan origination costs, net $ $ Depreciation Core deposit intangible amortization Net deferred tax asset before valuation allowance Valuation allowance for deferred tax asset — Net deferred tax asset $ $ Maryland Bankcorp had net operating loss (NOL) carryovers of $3.54 million at the time of our business combination. We succeed to these carryovers and may take limited annual deductions allowed by the Internal Revenue Code. We will be able to deduct $779,812 every year the Bank has taxable income until the NOL is fully utilized. The amount we may deduct in any year will be reduced if we recognize a built in loss in such year or if our taxable income is lower than the statutory NOL deduction. If the NOL is not used by the limited annual deductions, any remaining amount of NOL carryforward will expire in 2030. WSB Holdings, Inc. had NOL carryovers of $12.1 million at the time of our business combination in May 2013. We succeed to these carryovers and may take limited annual deductions allowed by the Internal Revenue Code. We will be able to deduct $1,477,746 every year the Bank has taxable income until the NOL is fully utilized. The amount we may deduct in any year will be reduced if we recognize a built in loss in such year or if our taxable income is lower than the statutory NOL deduction. If the NOL is not used by the limited annual deductions, any remaining amount of NOL carryforward will expire in 2033. Regal Bancorp had NOL carryovers of $8.7 million at the time of our business combination in December 2015. We succeed to these carryovers and may take limited annual deductions allowed by the Internal Revenue Service Code. We will be able to deduct $182,620 every year the Bank has taxable income until the NOL is fully utilized. The amount we may deduct in any year will be reduced if we recognize a built in loss in such year or if our taxable income is lower than the statutory NOL deduction. If the NOL is not used by the limited annual deductions, any remaining amount of NOL carryforward will expire in 2035. Additionally, the deferred tax asset was increased by $3.6 million at the time of acquisition that will be analyzed for utilization in future years. We classify interest and penalties related to income tax assessments, if any, in income tax expense in the consolidated statements of operations. Bancshares and its subsidiaries file a consolidated U.S. federal tax return and both Bancshares and the Bank file a Maryland state income tax return. These returns are subject to examination by taxing authorities for all years after 2009. We had no material uncertain tax positions at December 31, 2015 or 2014 and there was no unrecognized tax benefit as of December 31, 2015 or 2014. The following table reconciles the differences between the federal income tax rate of 34 percent and our effective tax rate: December 31, 2015 2014 2013 Statutory federal income tax rate % % % Increase (decrease) resulting from State income taxes, net of federal income tax benefit Bank owned life insurance Other tax exempt income Stock based compensation awards Other non-deductible expenses Other — — Net income attributable to the non-controlling interest — — — Effective tax rate % % %

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2015
Employee Benefits
Employee Benefits	15. Employee Benefits Eligible employees participate in a profit sharing plan that qualifies under Section 401(k) of the Internal Revenue Code. The plan allows for elective employee deferrals and the Bank makes matching contributions of up to 4% of eligible employee compensation. Our contributions to the plan, included in employee benefit expenses, were $506,325 , $474,028 and $439,647 for 2015, 2014, and 2013, respectively. The Bank also offers Supplemental Executive Retirement Plans (SERPs) to its executive officers providing for retirement income benefits. We accrue the present value of the SERPs over the remaining number of years to the executives’ expected retirement dates. The combined accrued liability for these plans at December 31, 2015 and 2014 was $5.3 million and $ 5.1 million, respectively. The Bank’s expenses for the SERPs were $617,888 , $535,331 and $608,890 in 2015, 2014, and 2013, respectively. MB&T had an employee benefit plan entitled the Maryland Bankcorp, N.A. KSOP (KSOP). The KSOP included a profit sharing plan that qualified under section 401(k) of the Internal Revenue Code as an employee stock ownership plan. We have discontinued any future contributions to the employee stock ownership plan. At December 31, 2015, the employee stock ownership plan owned 71,904 shares of Bancshares’ stock, had $19,073 invested in Old Line Bank certificates of deposit, and $54,535 in an Old Line Bank money market account. We have transferred the MB&T KSOP assets into the Bank’s 401(k) plan discussed above. Stock Options and Restricted Stock We maintain the Old Line Bancshares, Inc. 2010 Equity Incentive Plan (the “Plan”) under which we may grant, among other awards, options to purchase Bancshares’ common stock and restricted shares of common stock. The Compensation Committee of the Board of Directors administers the Plan. As the Plans outlines, the Compensation Committee approves stock option grants to directors and employees, determines the number of shares, the type of option, the option price, the term (not to exceed 10 years from the date of issuance) and the vesting period of options granted. The Compensation Committee has approved and we have granted options vesting immediately as well as over periods of two, three and five years. We recognize the compensation expense associated with these grants over their respective vesting periods. In 2013, stockholders approved an amendment to increase the number of shares issuable under the Plan by 450,000 shares. As of December 31, 2015, there were 427,548 shares remaining available for future issuance under the Plan. Shares issued upon exercise of options are issued from authorized but unissued shares. The intrinsic value of the options that directors and officers exercised for the years ended December 31, 2015, 2014 and 2013 was $411,743, $113,230 and $290,129, respectively. A summary of the status of outstanding options follows: 2015 2014 2013 Weighted Weighted Weighted average average average Number exercise Number exercise Number exercise of shares price of shares price of shares price Outstanding, beginning of year $ $ $ Options granted Options exercised Options forfeited — — — — Options expired — — — — — — Outstanding, end of year $ $ $ Outstanding Options Exercisable Options Number of Weighted Number of shares at average Weighted shares at Weighted December 31, remaining term average December 31, average Exercise price 2015 in years exercise price 2015 exercise price $6.30 - 9.04 $ $ $9.05 - 11.79 $11.80 - 14.54 $14.54 - 17.00 $ $ Intrinsic value of vested exercisable options where the market value exceeds the exercise price $ Intrinsic value of outstanding options where the market value exceeds the exercise price $ At December 31, 2015, there was $560,957 of total unrecognized compensation cost related to non ‑vested stock options that we expect to realize over the next three years. The following table summarizes the fair values of the options granted and weighted ‑average assumptions used to calculate the fair values. We used the Black ‑Scholes option pricing model. Years Ended December 31, 2015 2014 2013 Expected dividends % % % Risk free interest rate % % % Expected volatility % % % Weighted average volatility % % % Expected life in years 5.50 - 6.00 5.50 -6.00 Weighted average fair value of options granted $ $ $ During the year ended December 31, 2015, we granted 30,726 restricted common stock award s under the Plan. The following table outlines the vesting schedule of the unvested restricted stock awards. Vesting Schedule of Unvested Restricted Stock Awards December 31, 2015 # of Restricted Vesting Date Shares 2/26/2016 1,353 2/25/2018 5,128 7/2/2018 21,397 Total Issued 27,878 At December 31, 2015, there is $ 358,222 unrecognized compensation cost related to non ‑vested restricted stock awards that we expect to realize over the next three years. A summary of the restricted stock awards during the year follows: December 31, 2015 December 31, 2014 December 31, 2013 Weighted Weighted Weighted average average average Number of grant date Number of grant date Number of grant date shares fair value shares fair value shares fair value Nonvested, beginning of period $ $ $ Restricted stock granted Restricted stock vested Restricted stock forfeited — — — — 9.44 Nonvested, end of period $ $ $ Total fair value of shares vested $ $ $ Intrinsic value of non-vested restricted stock awards where the market value exceeds the exercise price $ $ $ Intrinsic value of vested restricted stock awards where the market value exceeds the exercise price $ $ $

Capital Standards

Capital Standards	12 Months Ended
	Dec. 31, 2015
Capital Standards
Capital Standards	16. Capital Standards The Federal Deposit Insurance Corporation and the Federal Reserve Board have adopted risk based capital standards for banking organizations. These standards require ratios of capital to assets for minimum capital adequacy and to be classified as well capitalized under prompt corrective action provisions. Under the amended prompt corrective action regulations, effective January 1, 2015, a bank is considered “well capitalized” if it: (i) has a total risk-based capital ratio of 10.0% or greater; (ii) a Tier 1 risk-based capital ratio of 8.0% or greater; (iii) a common Tier 1 equity ratio of at least 6.5% or greater; (iv) a leverage capital ratio of 5.0% or greater; and (iv) is not subject to any written agreement, order, capital directive, or prompt corrective action directive to meet and maintain a specific capital level for any capital measure. As of December 31, 2015 and 2014, the capital ratios and the capital requirements to remain adequately and well capitalized are as follows: Minimum capital To be well Actual adequacy capitalized December 31, 2015 Amount Ratio Amount Ratio Amount Ratio (Dollars in 000’s) Total capital (to risk weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Tier 1 capital (to risk weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Tier 1 capital (to average assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Common Equity Tier 1 (to risk-weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Minimum capital To be well Actual adequacy capitalized December 31, 2014 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Tier 1 capital (to risk weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Tier 1 capital (to average assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Tier 1 capital consists of common stock, additional paid ‑in capital and retained earnings. Total capital includes a limited amount of the allowance for loan losses. In calculating risk weighted assets, specified risk percentages are applied to each category of asset and off balance sheet items. Failure to meet the capital requirement could affect our ability to pay dividends and accept deposits and may significantly affect our operations. In the most recent regulatory report, we were categorized as well capitalized under the prompt corrective action regulations. Management knows of no events or conditions that should change this classification.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies
Commitments and Contingencies	17. Commitments and Contingencies The Bank is party to financial instruments with off balance sheet risk in the normal course of business in order to meet the financing needs of customers. These financial instruments include commitments to extend credit, available credit lines and standby letters of credit. December 31, 2015 2014 Commitments to extend credit and available credit lines: Commercial $ $ Construction Residential Real Estate — — Consumer $ $ Standby letters of credit $ $ Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed interest rates fixed at current market rates, expiration dates or other termination clauses and may require payment of a fee. Available credit lines represent the unused portion of lines of credit previously extended and available to the customer so long as there is no violation of any contractual condition. These lines generally have variable interest rates. Since many of the commitments are expected to expire without being drawn upon, and since it is unlikely that all customers will draw upon their lines of credit in full at any time, the total commitment amount or line of credit amount does not necessarily represent future cash requirements. We evaluate each customer’s credit worthiness on a case by case basis. We regularly reevaluate many of our commitments to extend credit. Because we conservatively underwrite these facilities at inception, we generally do not have to withdraw any commitments. We are not aware of any loss that we would incur by funding our commitments or lines of credit. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Our exposure to credit loss in the event of non ‑performance by the customer is the contract amount of the commitment. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. We have recognized a reserve in the amount of $22,461, $23 ,449 and $13,900 for loans sold in the secondary market with recourse obligations as of December 31, 2015, 2014 and 2013. In addition, a reserve in the amount of $222,729, $195,219 and $185,810 has been established for the unfunded portion of loan commitments at December 31, 2015, 2014 and 2013, respectively. Both reserves are included in other liabilities. As of December 31, 2015, we leased 16 branch locations and six loan production offices from non ‑related parties under lease agreements expiring through 2040. We lease our corporate headquarters and one branch location from Pointer Ridge. Each of the leases provides extension options. The approximate future minimum lease commitments under the operating leases as of December 31, 2015, are presented below. We have eliminated 62.5% of lease commitments to Pointer Ridge in consolidation. Year Amount (in thousands) 2016 $ 2017 2018 2019 2020 Remaining $ Rent expense was $1,746,170 , $2,066,656 and $1,864,738 for the years ended December 31, 2015, 2014, and 2013, respectively. On August 25, 2006, Pointer Ridge entered into a loan agreement with an unrelated bank, in an original principal amount of $6.6 million to finance the commercial office building located at 1525 Pointer Ridge Place, Bowie, Maryland. We lease approximately 95% of this building for our main office and operate a branch from this address. Pursuant to the terms of a guaranty between the bank and Bancshares dated August 25, 2006, Bancshares has guaranteed up to 62.5% of the loan amount plus costs incurred by the lender resulting from any acts, omissions or alleged acts or omissions.

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Dec. 31, 2015
Fair Value Measurement
Fair Value Measurement	18. Fair Value Measurement The fair value of an asset or liability is 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. The fair value hierarchy established by accounting standards defines three input levels for fair value measurement. The applicable standard describes three levels of inputs that may be used to measure fair value: Level 1 is based on quoted market prices in active markets for identical assets. Level 2 is based on significant observable inputs other than Level 1 prices. Level 3 is based on significant unobservable inputs that reflect a company’s own assumptions about the assumption that market participants would use in pricing an asset or liability. We evaluate fair value measurement inputs on an ongoing basis in order to determine if there is a change of sufficient significance to warrant a transfer between levels. For the years ended December 31, 2015 and 2014 , there were no transfers between levels. At December 31, 2015, Bancshares holds, as part of its investment portfolio, available for sale securities reported at fair value consisting of municipal securities, U.S. government sponsored entities and mortgage ‑backed securities. The fair value of the majority of these securities is determined using widely accepted valuation techniques including matrix pricing and broker ‑quote based applications. Inputs include benchmark yields, reported trades, issuer spreads, prepayments speeds and other relevant items. These are inputs used by a third ‑party pricing service used by us. To validate the appropriateness of the valuations provided by the third party, we regularly update the understanding of the inputs used and compare valuations to an additional third party source. We classify all our investment securities available for sale in Level 2 of the fair value hierarchy, with the exception of treasury securities which fall into Level 1. Assets and Liabilities Measured at Fair Value on a Recurring Basis At December 31, 2015 (In thousands) Quoted Prices in Other Significant Total Changes Active Markets for Observable Unobservable in Fair Values Identical Assets Inputs Inputs Included in Carrying Value (Level 1) (Level 2) (Level 3) Period Earnings Available-for-sale: Treasury securities $ $ $ — $ — $ — U.S. government agency — — — Municipal securities — — — FHLMC MBS — — — FNMA MBS — — — GNMA MBS — — — SBA loan pools — — — Total recurring assets at fair value — — At December 31, 2014 (In thousands) Quoted Prices in Other Significant Total Changes Active Markets for Observable Unobservable in Fair Values Identical Assets Inputs Inputs Included in Carrying Value (Level 1) (Level 2) (Level 3) Period Earnings Available-for-sale: Treasury securities $ $ $ — $ — $ — U.S. government agency — — — Municipal securities — — — FHLMC MBS — — — FNMA MBS — — — GNMA MBS — — — SBA loan pools — — — Total recurring assets at fair value — — 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 are included in the table below. At December 31, 2015 (In thousands) Quoted Prices in Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) Impaired Loans Legacy: $ — — $ Acquired: — — Total Impaired Loans — — Other real estate owned: Legacy: $ — — $ Acquired: — — Total other real estate owned: — — Total $ $ — $ — $ At December 31, 2014 (In thousands) Quoted Prices in Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) Impaired Loans Legacy $ — — $ Acquired — — Total Impaired Loans — — Other real estate owned: Legacy $ — — $ Acquired — — Total other real estate owned: — — Total $ $ — $ — $ Loans considered impaired are loans for which, based on current information and events, it is probable that the creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans are subject to nonrecurring fair value adjustments to reflect write ‑downs that are based on the market price or current appraised value of the collateral, adjusted to reflect local market conditions or other economic factors. After evaluating the underlying collateral, the fair value of the impaired loans is determined by allocating specific reserves from the allowance for loan losses to the loans. Thus, the fair value reflects the loan balance as adjusted by partial charge ‑offs less the specifically allocated reserve. Certain collateral ‑dependent impaired loans are reported at the fair value of the underlying collateral. Impairment is measured based on the fair value of the collateral, which is typically derived from appraisals that take into consideration prices in observed transactions involving similar assets and similar locations. Discounts applied to appraisals have been in the range of 0% to 50% . Each appraisal is updated on an annual basis, either through a new appraisal or through our internal review process. Appraised values are reviewed and monitored internally and fair value is re ‑assessed at least quarterly or more frequently when circumstances occur that indicate a change in fair value. The fair value of impaired loans that are not collateral dependent is measured using a discounted cash flow analysis considered to be a Level 3 input. The fair value of other real estate owned (“OREO”) is based on property appraisals adjusted at management’s discretion to reflect a further decline in the fair value of properties since the time the appraisal analysis was performed. Discounts applied to appraisals have predominantly been in the range of 0% to 50%; however, in certain cases have ranged up to 75% which inc lude estimated costs to sell or other reductions based on market expectations or an executed sales contract . Appraised values are reviewed and monitored internally and fair value is re ‑assessed at least quarterly or more frequently when circumstances occur that indicate a change in fair value. Therefore, the inputs used to determine the fair value of OREO and repossessed assets fall within Level 3. We may include within OREO other repossessed assets received as partial satisfaction of a loan. These assets are not material and do not typically have readily determinable market values and are considered Level 3 inputs. As a result of the acquisition of Maryland Bankcorp, WSB Holdings and Regal, we have segmented the other real estate owned into two components, real estate obtained as a result of loans originated by the Bank (legacy) and other real estate acquired from MB&T, WSB and Regal Bank or obtained as a result of loans originated by MB&T,WSB, and Regal Bank (acquired). The increase in level 3 is due to an increase in our legacy non ‑accrual loans, and acquired other real estate owned. The following methods and assumptions were used to estimate the fair value for each class of our financial instruments. Cash and Cash Equivalents —For cash and cash equivalents, the carrying amount is a reasonable estimate of fair value because of the short maturities of these instruments. Loans —We estimate the fair value of loans, segregated by type based on similar financial characteristics, segregated by type based on similar financial characteristics, 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 considered restricted stock and 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. Off ‑balance Sheet Commitments and Contingencies —Carrying amounts are reasonable estimates of the fair values for such financial instruments. Carrying amounts include unamortized fee income and, in some cases, reserves for any credit losses from those financial instruments. These amounts are not material to our financial position. The following disclosures of the estimated fair value of financial instruments are made in accordance with the requirements of ASC 825, “Disclosures about Fair Value of Financial Instruments”. We have determined the fair value amounts by using available market information and appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts we could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. December 31, 2015 (In thousands) Quoted Prices Significant Significant Total in Active Other Other Carrying Estimated Markets for Observable Unobservable Amount Fair Identical Assets Inputs Inputs (000’s) Value (Level 1) (Level 2) (Level 3) Assets: Cash and cash equivalents $ $ $ $ — $ — Loans receivable, net — — Loans held for sale — — Investment securities available for sale — Equity Securities at cost — — Bank Owned Life Insurance — — Accrued interest receivable — Liabilities: Deposits: Non-interest-bearing — — Interest bearing — — Short term borrowings — — Long term borrowings — — Accrued Interest payable — — December 31, 2014 (In thousands) Quoted Prices Significant Significant Total in Active Other Other Carrying Estimated Markets for Observable Unobservable Amount Fair Identical Assets Inputs Inputs (000’s) Value (Level 1) (Level 2) (Level 3) Assets: Cash and cash equivalents $ $ $ $ — $ — Loans receivable, net — — Loans held for sale — — Investment securities available for sale — Equity Securities at cost — — Bank Owned Life Insurance — — Accrued interest receivable — Liabilities: Deposits: Non-interest-bearing — — Interest bearing — — Short term borrowings — — Long term borrowings — — Accrued Interest payable — —

Other Operating Expenses

Other Operating Expenses	12 Months Ended
	Dec. 31, 2015
Other Operating Expenses
Other Operating Expenses	19. Other Operating Expenses Other operating expenses that are significant are as follows: December 31, 2015 2014 2013 Legal Expenses $ $ $ Pointer Ridge other operating Other Total $ $ — —

Parent Company-Condensed Financ

Parent Company-Condensed Financial Information	12 Months Ended
	Dec. 31, 2015
Parent Company-Condensed Financial Information
Parent Company-Condensed Financial Information	20. Parent Company—Condensed Financial Information The condensed balance sheets, statements of income, and statements of cash flows for Bancshares (Parent Company) follow: Old Line Bancshares, Inc. Condensed Balance Sheets December 31, 2015 2014 Assets Cash and due from banks $ $ Investment in Real Estate LLC Investment in MD Statutory Trust — Investment in Old Line Bank Other assets $ $ Liabilities and Stockholders’ Equity Accounts payable $ $ Borrowings — Stockholders’ equity Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income (loss) $ $ Old Line Bancshares, Inc. Condensed Statements of Income Years Ended December 31, 2015 2014 2013 Interest and dividend income (expense) Dividend from Old Line Bank $ $ $ Interest income on money market and certificates of deposit Interest expense on loans — Total interest and dividend income Non-interest income (loss) Non-interest expense Income before income taxes Income tax expense (benefit) Undistributed net income of Old Line Bank Net income $ $ $ Old Line Bancshares, Inc. Statements of Cash Flows Years Ended December 31, 2015 2014 2013 Cash flows from operating activities Interest and dividends received $ $ $ Reimbursement received (cash paid) for operating expenses Cash flows from investing activities Cash and cash equivalents of acquired company — — Cash flows from financing activities Proceeds from stock options exercised, including tax benefit Proceeds from issuance of common stock — Acquisition cash consideration — Cash dividends paid-common stock Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $ $ $ Reconciliation of net income to net cash provided by operating activities Net income $ $ $ Adjustments to reconcile net income to net cash provided by operating activities Undistributed net income of Old Line Bank Stock based compensation awards (Income) loss from investment in real estate LLC Increase (decrease) in other liabilities (Increase) decrease in other assets $ $ $

Litigation

Litigation	12 Months Ended
	Dec. 31, 2015
Litigation
Litigation	21. Litigation From time to time we may be involved in ordinary routine litigation incidental to our business. We are not, however, involved in any legal proceedings the outcome of which, in management’s opinion, would be material to our financial condition.

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation —The accompanying consolidated financial statements include the activity of Bancshares, its wholly owned subsidiary, Old Line Bank, and its majority owned membership interest in Pointer Ridge Office Investment, LLC (“Pointer Ridge”). We have eliminated all significant intercompany transactions and balances. We report the non ‑controlling interests in Pointer Ridge separately in the consolidated balance sheets. We report the income of Pointer Ridge attributable to Bancshares from the date of our acquisition of majority interest on the consolidated statements of income.
Use of estimates	Use of Estimates —The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions may affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for loan losses.
Cash and cash equivalents	Cash and Cash Equivalents —For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, amounts due from banks, interest bearing deposits and federal funds sold. Generally, we purchase and sell federal funds for one day periods.
Investment securities	Investment Securities —As we purchase securities, management determines if we should classify the securities as held to maturity, available for sale or trading. We record the securities which management has the intent and ability to hold to maturity at amortized cost which is cost adjusted for amortization of premiums and accretion of discounts to maturity. We classify securities which we may sell before maturity as available for sale and carry these securities at fair value with unrealized gains and losses included in stockholders’ equity on an after tax basis. Management has not identified any investment securities as trading. We record gains and losses on the sale of securities on the trade date and determine these gains or losses using the specific identification method. We amortize premiums and accrete discounts using the interest method. Management systematically evaluates investment securities for other ‑ than ‑temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include (1) duration and magnitude of the decline in value, (2) the financial condition of the issuer or issuers and (3) the structure of the security. A decline in the market value of any available for sale security below cost that is deemed other ‑than ‑temporary results in a charge to earnings and establishment of a new cost basis for that security.
Stock based compensation awards	Stock Based Compensation Awards —The cost of employee services received in exchange for equity instruments, including stock options and restricted stock awards, is generally measured at fair value on the grant date. A Black-Scholes model is used to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used as the fair value of restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period for stock option awards and as the restriction period for restricted stock awards. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.
Equity Securities	Equity Securities —Equity securities include stock from Federal Home Loan Bank, Atlantic Central Bankers Bank, Maryland Financial Bank, which are carried at cost which approximates fair value.
Premises and equipment	Premises and Equipment —We record premises and equipment at cost less accumulated depreciation. Generally, we compute depreciation using the straight line method over the estimated useful life of the assets. Estimated useful life for our buildings is five to 50 years. Estimated useful life for our leasehold improvements is three to 30 years. Estimated useful life for our furniture and equipment is three to 23 years.
Other real estate owned	Other Real Estate Owned —Other real estate owned consists of properties obtained through foreclosure proceedings or acceptance of a deed in lieu of foreclosure, and is reported on an individual asset basis at net realizable value. Net realizable value equals fair value and is determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources less estimated selling costs. While initial fair value is determined by independent third parties, management may subsequently reassess these valuations and apply additional discounts if necessary. When properties are acquired through foreclosure, any excess of the loan balance at the time of foreclosure over the fair value of the real estate held as collateral is recognized and charged to the allowance for loan losses. Subsequent write ‑downs are charged to a separate allowance for losses pertaining to real estate owned, established through provisions for estimated losses on other real estate owned charged to operations. Based upon management’s evaluation of the real estate acquired through foreclosure, additional expense is recorded when necessary in an amount sufficient to reflect any estimated declines in fair value. Gains and losses recognized on the disposition of the properties are also recorded in non ‑interest expense in the consolidated statements of income. Costs of improvements to real estate are capitalized, while costs associated with holding the real estate are charged to operations.
Mortgage Banking Activities	Mortgage Banking Activities —As part of normal business operations, we originate residential mortgage loans that have been pre ‑approved by secondary investors. The terms of the loans are set by the secondary investors, and the purchase price that the investor will pay for the loan is agreed to prior to the commitment of the loan. Generally, within three weeks after funding, the loans are transferred to the investor in accordance with the agreed ‑upon terms. On the settlement date of these loans, we record the gains from the sale of these loans equal to the difference between the proceeds to be received and the carrying amount of the loan.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets —Goodwill represents the excess of the purchase price over the sum of the estimated fair values of tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed related to the acquisitions of Maryland Bankcorp, Inc., WSB Holdings, Inc. and Regal Bancorp, Inc. Core deposit intangibles represent the estimated value of long ‑term deposit relationships acquired in these transactions. The core deposit intangible is being amortized over 18 years for Maryland Bankcorp, Inc., ten years for WSB Holdings, Inc., and eight years for Regal Bancorp, Inc. and the estimated useful lives are periodically reviewed for reasonableness. Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. The goodwill impairment analysis is a two ‑step test . The first step, used to identify potential impairment, comparing the reporting unit’s estimated fair value to its carrying value, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying value, goodwill assigned to that reporting unit is considered not to be impaired. If the carrying value exceeds estimated fair value, there is an indication of potential impairment and the second step is performed to measure the amount of impairment of goodwill assigned to that reporting unit. If required, the second step involves calculating an implied fair value of goodwill for each reporting unit for which the first step indicated impairment. The implied fair value of goodwill is determined in a manner similar to the amount of goodwill calculated in a business combination, by measuring the excess of the estimated fair value of the reporting unit, as determined in the first step, over the aggregate estimated fair values of the individual assets, liabilities and identifiable intangibles as if the reporting unit was being acquired in a business combination. If the implied fair value of goodwill exceeds the carrying value of goodwill assigned to the reporting unit, there is no impairment. If the carrying value of goodwill assigned to a reporting unit exceeds the implied fair value of the goodwill, an impairment charge is recorded for the excess. An impairment loss cannot exceed the carrying value of goodwill assigned to a reporting unit, and the loss establishes a new basis in the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. We have determined that Bancshares has one reporting unit. We evaluated the carrying value of goodwill as of September 30, 2015, our annual test date, and determined that no impairment charge was necessary. Additionally, should Bancshares’ future earnings and cash flows decline and/or discount rates increase, an impairment charge to goodwill and other intangible assets may be required. There have been no events subsequent to the September 30, 2015 evaluation that caused us to perform an interim review of the carrying value of goodwill.
Business Combinations	Business Combinations —Accounting principles generally accepted in the United States (U.S. GAAP) requires that the acquisition method of accounting be used for all business combinations and that an acquirer be identified for each business combination. Under U.S. 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. U.S. GAAP requires that the acquirer recognize the fair value of assets acquired, liabilities assumed, and any non ‑controlling interest in the acquiree at the acquisition date.
Loans and interest income	Loans and Interest Income —We report loans at face value plus deferred origination costs, less deferred origination fees and the allowance for loan losses. We accrue interest on loans based on the principal amounts outstanding. We amortize origination fees and costs to income over the terms of the loans using an approximate interest method. We discontinue the accrual of interest when any portion of the principal or interest is 90 days past due and collateral is insufficient to discharge the debt in full. Based on current information, we consider loans impaired when management determines that it is unlikely that the borrower will make principal and interest payments according to contractual terms. Generally, we do not review loans for impairment until we have discontinued the accrual of interest. We consider several factors in determining impairment including payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Generally, we do not classify loans that experience insignificant payment delays and payment shortfalls as impaired. Management determines the significance of payment delays and payment shortfalls on a case by case basis. We consider all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. We measure impairment on a loan by loan basis for commercial and real estate loans by determining either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. If it is doubtful that we will collect principal, we apply all payments to principal. We collectively evaluate large groups of smaller balance homogeneous loans for impairment. Accordingly, we do not separately identify individual consumer and residential loans for impairment unless such loans are the subject of a restructuring agreement or the borrower has filed bankruptcy.
Acquired loans	Acquired Loans —These 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.
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 December 31, 2015 and will be settled subsequent to that date. Only loans purchased by investors with recourse obligations are included in other liabilities.
Allowance for Loan Losses	Allowance for Loan Losses —The allowance for loan losses represent an amount which, in management’s judgment, will be adequate to absorb probable losses on existing loans and other extensions of credit that may become uncollectible. Management bases its judgment in determining the adequacy of the allowance on evaluations of the collectability of loans. Management takes into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions that may affect the borrowers’ ability to pay, overall portfolio quality, and review of specific problem areas. If the current economy or real estate market continues to suffer a severe downturn, we may need to increase the estimate for uncollectible accounts. We charge off loans which we deem uncollectible and deduct them from the allowance. We add recoveries on loans previously charged off to the allowance. We base the evaluation of the adequacy of the allowance for loan losses upon loan categories. We categorize loans as residential real estate loans, commercial real estate loans, commercial loans and consumer loans. We further divide commercial real estate loans by owner occupied, investment, hospitality and land acquisition and development. We also divide residential real estate by owner occupied, investment, land acquisition and development and junior liens. All categories are divided by risk rating and loss factors and weighed 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. 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 (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. 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.” We collectively evaluate large groups of smaller balance homogeneous loans for impairment. Accordingly, we do not separately identify individual consumer and residential loans for impairment unless such loans are the subject of a restructuring agreement or the borrower has filed bankruptcy. Qualitative factors include: levels and trends in delinquencies and non ‑accruals; trends in volumes and terms of loans; effects of any changes in lending policies; the experience, ability and depth of management; regional and local economic trends and conditions; Peer Group loan loss history; concentrations of credit; quality of the bank’s loan review system; external factors, such as competition, legal and regulatory requirements; and, management’s collective assessment of the appropriateness of the allowance for loan losses in light of recent trends, events, political impact and other considerations.
Advertising	Advertising —We expense advertising costs over the life of ad campaigns. We expense general purpose advertising as we incur it.
Income taxes	Income Taxes —The provision for income taxes includes taxes payable for the current year and deferred income taxes. We determine deferred tax assets and liabilities based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which we expect the differences to reverse. If needed, we use a valuation allowance to reduce the deferred tax assets to the amount we expect to realize. We allocate tax expense and tax benefits to Bancshares and its subsidiaries based on their proportional share of taxable income.
Earnings per share	Earnings Per 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 and warrants, calculated using the treasury stock method.
Comprehensive income	Years Ended December 31, 2015 2014 2013 Net Income $ $ $ Denominator: Weighted average common shares outstanding Effect of Diluted Shares Diluted shares Net income per share: Basic $ $ $ Diluted $ $ $ Comprehensive Income —Comprehensive income includes net income attributable to Bancshares and the unrealized gain (loss) on investment securities available for sale net of related income taxes and unrealized gain (loss) on the pension plan. The line item affected in the consolidated statements of income by the re ‑classified amounts is gain on sales or calls of investment securities.
Reclassifications	Reclassifications —We have made certain reclassifications to the 2014 and 2013 financial presentation to conform to the 2015 presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements — In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 – Revenue from Contracts with Customers , which will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principal of this ASU is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This ASU will be effective for us in our first quarter of 2018. Early adoption is not permitted. The ASU allows for either full retrospective or modified retrospective adoption. We are evaluating the transition method that will be elected and the potential effects of the adoption of this ASU on our financial statements. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . The amendments in ASU No. 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date with earlier application permitted for financial statements that have not been issued. The Company is currently evaluating the provisions of this amendment to determine the potential impact the new standard will have on the Company's consolidated financial statements as it relates to future business combinations. I n August 2014, the FASB issued ASU No. 2014-14- Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure , to address the diversity in practice regarding the classification and measurement of foreclosed loans which were part of a government-sponsored loan guarantee program (e.g. HUD, FHA, VA). The ASU outlines certain criteria and provides that, if met, the loan (residential or commercial) should be derecognized and a separate other receivable should be recorded upon foreclosure at the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. This ASU was effective for annual reporting periods beginning after December 15, 2014, including interim periods within that reporting period. The adoption of ASU No. 2014-14 did not have a material impact on our consolidated financial statements and the required disclosures have been included in Note 6. In June 2014, the FASB issued ASU No. 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The new guidance aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as repurchase financings with the accounting for other typical repurchase agreements. Going forward, these transactions must all be accounted for as secured borrowings. The guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement, which has resulted in outcomes referred to as off-balance-sheet accounting. The amendments in the ASU require a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. The amendments in the ASU also require expanded disclosures, effective for the current reporting period, about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings (see Note 11 to the Consolidated Financial Statements). We adopted the amendments in this ASU effective January 1, 2015. As of December 31, 2015, all of our repurchase agreements were typical in nature (i.e., not repurchase-to-maturity transactions or repurchase agreements executed as a repurchase financing) and are accounted for as secured borrowings. As such, the adoption of ASU No. 2014-11 did not have a material impact on our consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved After the Requisite Service Period. The amendments clarify the proper method of accounting for share-based payments when the terms of an award provide that a performance target that affects vesting could be achieved after the requisite service period be treated as a performance condition. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved. This update requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The amendments in this update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. Management is currently evaluating the impact of adoption on the consolidated financial statements, but does not believe that adoption will have a material impact. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Recognition and Measurement of Financial Assets and Liabilities , which is intended to improve the recognition and measurement of financial instruments by: requiring equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This ASU is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This ASU permits early adoption of the instrument-specific credit risk provision. The Company is currently evaluating the impact of adopting the new guidance on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The FASB issued this ASU to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet by lessees for those leases classified as operating leases under current U.S. GAAP and disclosing key information about leasing arrangements. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early application of this ASU is permitted for all entities. The Company is currently assessing the impact that the adoption of this standard will have on the financial condition and results of operations of the Company.

Acquisition of Regal Bancorp 32

Acquisition of Regal Bancorp Inc (Tables)	12 Months Ended
	Dec. 31, 2015
Regal Acquisition
Schedule of purchased assets, assumed liabilities and identifiable intangible assets recorded at acquisition date fair value	Purchase Price Consideration Cash consideration $ Purchase price assigned to shares exchanged for stock Total purchase price for Regal acquisition Fair Value of Assets Acquired Cash and due from banks $ Investment securities available for sale Loans, net of deferred fees and costs Premises and equipment Accrued interest receivable Deferred income taxes Bank owned life insurance Other real estate owned Core deposit intangible Other assets Total assets acquired $ Fair Value of Liabilities assumed Deposits $ Long term borrowings Trust preferred subordinated debentures Other liabilities Total liabilities assumed $ Fair Value of net assets acquired Total Purchase Price Goodwill recorded for Regal $ Pro forma financial information is not provided because such amounts are not meaningful to the Company’s consolidated financial statements.
Schedule of expenses incurred in conjunction with the merger	Years ended December 31, 2015 Data processing $ Salaries Advisory & legal fees Other $

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Other Intangible Assets
Summary of changes in the carrying amounts of goodwill as well as the gross carrying amounts and accumulated amortization of core deposit intangibles	December 31, 2015 2014 Goodwill: Carrying amount at beginning of year $ $ Goodwill from Regal acquisition - Carrying amount at end of year $ $ Core deposit intangible: Core deposit intangible $ $ Acquired during the year - Less accumulated amortization Carrying amount at end of year $ $
Schedule of future amortization expense of core deposit premium	Core Deposit Years ended December 31, Premium 2016 2017 2018 2019 2020 Thereafter Total $

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Investment Securities
Summary of the amortized cost and estimated fair value of securities	Gross Gross Amortized unrealized unrealized Estimated cost gains losses fair value December 31, 2015 Available for sale U. S. treasury $ $ $ $ U.S. government agency Municipal securities Mortgage backed securities: FHLMC certificates FNMA certificates GNMA certificates SBA loan pools — $ $ $ $ December 31, 2014 Available for sale U. S. treasury $ $ $ — $ U.S. government agency Municipal securities Mortgage backed securities FHLMC certificates FNMA certificates GNMA certificates SBA loan pools — $ $ $ $
Schedule of securities with unrealized losses segregated by length of impairment	December 31, 2015 Less than 12 months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U. S. treasury $ $ $ — $ — $ $ U.S. government agency Municipal securities Mortgage backed securities FHLMC certificates — — FNMA certificates GNMA certificates SBA loan pools — — $ $ $ $ $ $ December 31, 2014 Less than 12 months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. government agency $ $ $ $ $ $ Municipal securities Mortgage backed securities FHLMC certificates — — FNMA certificates GNMA certificates SBA loan pools — — $ $ $ $ $ $
Schedule of contractual maturities and pledged securities	2015 2014 Amortized Fair Amortized Fair December 31, cost value cost value Maturing Within one year $ $ $ $ Over one to five years Over five to ten years Over ten years $ $ $ $ Pledged securities $ $ $ $

Loans and Allowance for Loan 35

Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2015
Loans and Allowance for Loan Losses
Summary of major classifications of loans held for investment	December 31, 2015 December 31, 2014 Legacy(1) Acquired Total Legacy(1) Acquired Total Commercial Real Estate Owner Occupied $ $ $ $ $ $ Investment Hospitality Land and A&D Residential Real Estate First Lien—Investment First Lien—Owner Occupied Residential Land and A&D HELOC and Jr. Liens Commercial and Industrial Consumer Allowance for loan losses Deferred loan costs, net — $ $ $ $ $ $ (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, WSB Holdings, the parent company of WSB, in May 2013 and Regal Bancorp, Inc., the parent company of Regal Bank in December 2015, we have segmented the portfolio into two components, loans originated by the Bank (legacy) and loans acquired from MB&T, WSB and Regal Bank (acquired).
Summary of aging analysis of the loan held for investment portfolio	Age Analysis of Past Due Loans December 31, 2015 December 31, 2014 Legacy Acquired Total Legacy Acquired Total Current $ $ $ $ $ $ Accruing past due loans: 30 - 89 days past due Commercial Real Estate: Owner Occupied — — — — Investment — — — — Land and A&D — — — Residential Real Estate: First-Investment First-Owner Occupied — Land and A&D — — — — HELOC and Jr. Liens — — — — Commercial Consumer — — Total 30 - 89 days past due 90 or more days past due Commercial Real Estate: Land and A&D — — — — Residential Real Estate: First-Owner Occupied — — — — Consumer — — — — Total 90 or more days past due — — Total accruing past due loans Recorded Investment Non-accruing loans: Commercial Real Estate: Owner Occupied — Investment — — — — Land and A&D — — — — Residential Real Estate: First-Investment First-Owner Occupied — — Land and A&D — — — — Commercial — — Consumer — — — — Total Recorded Investment Non-accruing past due loans: Total Loans $ $ $ $ $ $
Summary of impaired loans	Impaired Loans Twelve months ended December 31, 2015 Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized Legacy With no related allowance recorded: Commercial Real Estate: Owner Occupied $ $ $ — $ $ Investment — Residential Real Estate: First-Investment — — Commercial — — With an allowance recorded: Commercial Real Estate: Owner Occupied — Commercial Consumer — — — — — Total legacy impaired Acquired(1) With no related allowance recorded: Commercial Real Estate: Investment — — — — — Land and A&D — — Residential Real Estate: First-Owner Occupied — First-Investment — — — — — Land and A&D — — — — — Commercial — — — — — With an allowance recorded: Residential Real Estate: First-Investment — Total acquired impaired Total impaired $ $ $ $ $ (1) Generally accepted accounting principles require that we record acquired loans at fair value which includes a discount for loans with credit impairment. These purchase credit impaired loans are not performing according to their contractual terms and meet our definition of an 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. The table below presents our impaired loans at December 31, 2014. Impaired Loans Twelve months ended December 31, 2014 Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized Legacy With no related allowance recorded: Commercial Real Estate: Owner Occupied $ $ $ — $ $ Investment — Residential Real Estate: First-Investment — — Commercial — With an allowance recorded: Commercial Consumer Total legacy impaired Acquired(1) With no related allowance recorded: Commercial Real Estate: Owner Occupied — Land and A&D — Residential Real Estate: First-Owner Occupied — First-Investment — Land and A&D — — — — — Commercial — With an allowance recorded: Commercial Real Estate: Land and A&D Residential Real Estate: First-Owner Occupied — — — — — Land and A&D — — — — — Total acquired impaired Total impaired $ $ $ $ $
Summary of information related to loans modified in a TDR	Loans Modified as a TDR for the twelve months ended December 31, 2015 December 31, 2014 Pre- Post Pre- Post Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Troubled Debt Restructurings— # of Recorded Recorded # of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Contracts Investment Investment Acquired Residential Real Estate Owner Occupied — — — Total Troubled Debt Restructurings $ $ — $ — $ —
Schedule of the outstanding balances and related carrying amounts of acquired impaired loans	December 31, 2015 2014 Balance at beginning of period $ $ Additions due to Regal acquisition — Accretion of fair value discounts Reclassification from non-accretable (1) Balance at end of period Contractually Required Payments Carrying Receivable Amount At December 31, 2015 $ $ At December 31, 2014 (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 contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all acquired impaired 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 Regal impaired loans as of the acquisition date, December 4, 2015. Purchased Credit Impaired Contractually required principal at acquisition $ Contractual cash flows not expected to be collected (non accretable difference) Expected cash flows at acquisition Accretable difference Basis in purchased credit impaired loans at acquisition - estimated fair value $
Schedule of allocation of allowance for loan losses by risk rating	Account Balance December 31, 2015 Legacy Acquired Total Risk Rating Pass(1 - 5) Commercial Real Estate: Owner Occupied $ $ $ Investment Hospitality Land and A&D Residential Real Estate: First-Investment First-Owner Occupied Land and A&D HELOC and Jr. Liens Commercial Consumer Special Mention(6) Commercial Real Estate: Owner Occupied Investment Hospitality — Land and A&D Residential Real Estate: First-Investment First-Owner Occupied Land and A&D HELOC and Jr. Liens — Commercial Consumer — — — Substandard(7) Commercial Real Estate: Owner Occupied Investment Hospitality — — — Land and A&D — Residential Real Estate: First-Investment First-Owner Occupied — Land and A&D — HELOC and Jr. Liens — — — Commercial Consumer — — — Doubtful(8) — — — Loss(9) — — — Total $ $ $ Account Balance December 31, 2014 Legacy Acquired Total Risk Rating Pass(1 - 5) Commercial Real Estate: Owner Occupied $ $ $ Investment Hospitality Land and A&D Residential Real Estate: First-Investment First-Owner Occupied Land and A&D HELOC and Jr. Liens Commercial Consumer Special Mention(6) Commercial Real Estate: Owner Occupied Investment Hospitality — — — Land and A&D Residential Real Estate: First-Investment First-Owner Occupied Land and A&D HELOC and Jr. Liens — Commercial Consumer — — — Substandard(7) Commercial Real Estate: Owner Occupied Investment Hospitality — — — Land and A&D — — — Residential Real Estate: First-Investment First-Owner Occupied — Land and A&D — HELOC and Jr. Liens — — — Commercial Consumer — Doubtful(8) — — — Loss(9) — — — Total $ $ $
Summary of activity in the allowance for loan losses by portfolio segment	Commercial Residential December 31, 2015 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ Provision for loan losses Recoveries Loans charged off — Ending Balance $ $ $ $ $ Amount allocated to: Legacy Loans: Individually evaluated for impairment $ $ $ — $ — $ Other loans not individually evaluated Acquired Loans: Individually evaluated for impairment — — — Ending balance $ $ $ $ $ Commercial Residential December 31, 2014 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ Provision for loan losses Recoveries Loans charged off Ending Balance $ $ $ $ $ Amount allocated to: Legacy Loans: Individually evaluated for impairment $ $ — $ — $ $ Other loans not individually evaluated Acquired Loans: Individually evaluated for impairment — — — Ending balance $ $ $ $ $
Summary of recorded investment in loans related to each balance in the allowance for probable loan losses by portfolio segment and disaggregated on the basis of impairment methodology	Commercial Residential December 31, 2015 Commercial Real Estate Real Estate Consumer Total Legacy loans: Individually evaluated for impairment with specific reserve $ $ $ — $ — $ Individually evaluated for impairment without specific reserve — Other loans not individually evaluated Acquired loans: Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) — — — Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) — — Individually evaluated for impairment with specific reserve (ASC 310-30 at acquisition) — — — — — Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) Ending balance $ $ $ $ $ Commercial Residential December 31, 2014 Commercial Real Estate Real Estate Consumer Total Legacy loans: Individually evaluated for impairment with specific reserve $ $ — $ — $ $ Individually evaluated for impairment without specific reserve — Other loans not individually evaluated Acquired loans: Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) — — — — — Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) — Individually evaluated for impairment with specific reserve (ASC 310-30 at acquisition) — — — Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) Ending balance $ $ $ $ $
Schedule of maturity and rate repricing distribution of the loan portfolio	December 31, 2015 2014 Within one year $ $ Over one to five years Over five years $ $

Equity Securities (Tables)

Equity Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Equity Securities
Schedule of equity securities	December 31, 2015 2014 Federal Reserve Bank stock $ — $ Atlantic Central Bankers Bank stock Federal Home Loan Bank stock ICBA Stock — Maryland Financial Bank stock Investment in Maryland Statutory Trust — Total $ $

Pointer Ridge Office Investme37

Pointer Ridge Office Investment, LLC (Tables)	12 Months Ended
	Dec. 31, 2015
Pointer Ridge Office Investment, LLC
Summary of condensed Balance Sheets and Statements of Income information	December 31, 2015 2014 2013 Condensed Balance Sheets Current assets $ $ $ Non-current assets Liabilities Equity Condensed Statements of Income Revenue $ $ $ Expenses Net loss $ $ $

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Premises and Equipment
Summary of premises and equipment and the related depreciation expense	December 31, 2015 2014 Land $ $ Building Leasehold improvements Furniture and equipment Accumulated depreciation Net premises and equipment $ $ Depreciation expense $ $

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Deposits
Schedule of major classifications of interest bearing deposits	December 31, 2015 2014 Money market and NOW $ $ Savings Time deposits that meet or exceed the FDIC insured limit Other time deposits $ $
Schedule of maturities of time deposit	December 31, 2015 2014 Within three months $ $ Over three to twelve months Over one to three years Over three to five years $ $
Schedule of interest on deposit	December 31, 2015 2014 2013 Money market and NOW $ $ $ Savings Other time deposits $ $ $

Short Term Borrowings (Tables)

Short Term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2015
Short Term Borrowings
Schedule of short term borrowings	2015 2014 Maximum Amount Maximum Amount Borrowed During Borrowed During Any Month End Any Month End December 31, Amount Rate Period Amount Rate Period Short term promissory notes $ — — % $ — $ — — % $ — Repurchase agreements FHLB daily rate advances FHLB adjustable rate advances — — — FHLB fixed rate advances — — — Total short term borrowings $ $ $ $ Average for the year Short term promissory notes $ — — % $ % Repurchase agreements FHLB daily rate advances FHLB adjustable rate advances — — FHLB fixed rate advances — — Total $ $

Long Term Borrowings (Tables)

Long Term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2015
Long Term Borrowings
Schedule of long term borrowings	2015 2014 December 31, Amount Rate Amount Rate Amount outstanding at year end Senior note $ % $ % Subordinated Debentures Trust 1 - Floating 90-day LIBOR plus 2.85%, due 2034 Acquisition fair value adjustment Trust 2 - Floating 90-day LIBOR plus 1.60%, due 2035 Acquisition fair value adjustment Stock on subordinated debentures Net carrying value (1) Total $ $ Average for the year Senior note, fixed at 6.28% $ % $ % Trust preferred subordinated debentures — — Total $ $
Schedule of principal payments on long term debt obligations	Year Amount 2016 over 10 years $

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions
Schedule of changes in amounts of loans outstanding to directors and executive officers or their affiliated companies	December 31, 2015 2014 Balance at beginning of year $ $ Additions Resignation of Director — Repayments Balance at end of year $ $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes
Schedule of components of income tax expense	December 31, 2015 2014 2013 Current Federal $ $ $ State Deferred Federal — State $ $ $
Schedule of components of deferred income taxes	December 31, 2015 2014 2013 Provision for loan losses $ $ $ Non-accrual interest Impairment losses and expenses on other real estate owned — Director stock options Deferred compensation plans Deferred loan origination costs, net Depreciation — Mark-to-market tax accounting for acquired securities — Net operating loss carryover — Accretion of fair value adjustments for acquired assets and liabilities — Non-compete and consulting agreements Core deposit intangible amortization Defined benefit plan — — Other AMT — — $ $ $
Schedule of components of net deferred tax assets and liabilities	December 31, 2015 2014 Deferred tax assets Allowance for loan losses $ $ Non-accrual interest Impairment losses and expenses on other real estate owned Director stock options Deferred compensation plans Net operating loss carryover AMT Credit Carryover — Fair value adjustments for acquired assets and liabilities Investment impairment loss Non-compete agreements Other Net unrealized loss on securities available for sale $ $ Deferred tax liabilities Deferred loan origination costs, net $ $ Depreciation Core deposit intangible amortization Net deferred tax asset before valuation allowance Valuation allowance for deferred tax asset — Net deferred tax asset $ $
Schedule of reconciliation of the differences between the federal income tax rate and effective tax rate	December 31, 2015 2014 2013 Statutory federal income tax rate % % % Increase (decrease) resulting from State income taxes, net of federal income tax benefit Bank owned life insurance Other tax exempt income Stock based compensation awards Other non-deductible expenses Other — — Net income attributable to the non-controlling interest — — — Effective tax rate % % %

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2015
Employee Benefits
Summary of the status of the outstanding options	Stock Options and Restricted Stock We maintain the Old Line Bancshares, Inc. 2010 Equity Incentive Plan (the “Plan”) under which we may grant, among other awards, options to purchase Bancshares’ common stock and restricted shares of common stock. The Compensation Committee of the Board of Directors administers the Plan. As the Plans outlines, the Compensation Committee approves stock option grants to directors and employees, determines the number of shares, the type of option, the option price, the term (not to exceed 10 years from the date of issuance) and the vesting period of options granted. The Compensation Committee has approved and we have granted options vesting immediately as well as over periods of two, three and five years. We recognize the compensation expense associated with these grants over their respective vesting periods. In 2013, stockholders approved an amendment to increase the number of shares issuable under the Plan by 450,000 shares. As of December 31, 2015, there were 427,548 shares remaining available for future issuance under the Plan. Shares issued upon exercise of options are issued from authorized but unissued shares. The intrinsic value of the options that directors and officers exercised for the years ended December 31, 2015, 2014 and 2013 was $411,743, $113,230 and $290,129, respectively. A summary of the status of outstanding options follows: 2015 2014 2013 Weighted Weighted Weighted average average average Number exercise Number exercise Number exercise of shares price of shares price of shares price Outstanding, beginning of year $ $ $ Options granted Options exercised Options forfeited — — — — Options expired — — — — — — Outstanding, end of year $ $ $ Outstanding Options Exercisable Options Number of Weighted Number of shares at average Weighted shares at Weighted December 31, remaining term average December 31, average Exercise price 2015 in years exercise price 2015 exercise price $6.30 - 9.04 $ $ $9.05 - 11.79 $11.80 - 14.54 $14.54 - 17.00 $ $
Schedule of information related to options	Outstanding Options Exercisable Options Number of Weighted Number of shares at average Weighted shares at Weighted December 31, remaining term average December 31, average Exercise price 2015 in years exercise price 2015 exercise price $6.30 - 9.04 $ $ $9.05 - 11.79 $11.80 - 14.54 $14.54 - 17.00 $ $ Intrinsic value of vested exercisable options where the market value exceeds the exercise price $ Intrinsic value of outstanding options where the market value exceeds the exercise price $
Summary of fair values of the options granted and weighted-average assumptions used to calculate the fair values	Years Ended December 31, 2015 2014 2013 Expected dividends % % % Risk free interest rate % % % Expected volatility % % % Weighted average volatility % % % Expected life in years 5.50 - 6.00 5.50 -6.00 Weighted average fair value of options granted $ $ $
Vesting schedule of the unvested restricted stock awards	Vesting Schedule of Unvested Restricted Stock Awards December 31, 2015 # of Restricted Vesting Date Shares 2/26/2016 1,353 2/25/2018 5,128 7/2/2018 21,397 Total Issued 27,878
Summary of the restricted stock awards	December 31, 2015 December 31, 2014 December 31, 2013 Weighted Weighted Weighted average average average Number of grant date Number of grant date Number of grant date shares fair value shares fair value shares fair value Nonvested, beginning of period $ $ $ Restricted stock granted Restricted stock vested Restricted stock forfeited — — — — 9.44 Nonvested, end of period $ $ $ Total fair value of shares vested $ $ $ Intrinsic value of non-vested restricted stock awards where the market value exceeds the exercise price $ $ $ Intrinsic value of vested restricted stock awards where the market value exceeds the exercise price $ $ $

Capital Standards (Tables)

Capital Standards (Tables)	12 Months Ended
	Dec. 31, 2015
Capital Standards
Schedule of capital ratios and the capital requirements to remain adequately and well capitalized	Minimum capital To be well Actual adequacy capitalized December 31, 2015 Amount Ratio Amount Ratio Amount Ratio (Dollars in 000’s) Total capital (to risk weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Tier 1 capital (to risk weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Tier 1 capital (to average assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Common Equity Tier 1 (to risk-weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Minimum capital To be well Actual adequacy capitalized December 31, 2014 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Tier 1 capital (to risk weighted assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ % Tier 1 capital (to average assets) Consolidated $ % $ % $ % Old Line Bank $ % $ % $ %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies
Schedule of commitments to extend credit and available credit lines	December 31, 2015 2014 Commitments to extend credit and available credit lines: Commercial $ $ Construction Residential Real Estate — — Consumer $ $ Standby letters of credit $ $
Schedule of future minimum lease commitments under the operating leases	Year Amount (in thousands) 2016 $ 2017 2018 2019 2020 Remaining $

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Measurement
Schedule of assets and liabilities measured at fair value on a recurring basis	At December 31, 2015 (In thousands) Quoted Prices in Other Significant Total Changes Active Markets for Observable Unobservable in Fair Values Identical Assets Inputs Inputs Included in Carrying Value (Level 1) (Level 2) (Level 3) Period Earnings Available-for-sale: Treasury securities $ $ $ — $ — $ — U.S. government agency — — — Municipal securities — — — FHLMC MBS — — — FNMA MBS — — — GNMA MBS — — — SBA loan pools — — — Total recurring assets at fair value — — At December 31, 2014 (In thousands) Quoted Prices in Other Significant Total Changes Active Markets for Observable Unobservable in Fair Values Identical Assets Inputs Inputs Included in Carrying Value (Level 1) (Level 2) (Level 3) Period Earnings Available-for-sale: Treasury securities $ $ $ — $ — $ — U.S. government agency — — — Municipal securities — — — FHLMC MBS — — — FNMA MBS — — — GNMA MBS — — — SBA loan pools — — — Total recurring assets at fair value — —
Schedule of assets and liabilities measured at fair value on a nonrecurring basis	At December 31, 2015 (In thousands) Quoted Prices in Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) Impaired Loans Legacy: $ — — $ Acquired: — — Total Impaired Loans — — Other real estate owned: Legacy: $ — — $ Acquired: — — Total other real estate owned: — — Total $ $ — $ — $ At December 31, 2014 (In thousands) Quoted Prices in Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying Value (Level 1) (Level 2) (Level 3) Impaired Loans Legacy $ — — $ Acquired — — Total Impaired Loans — — Other real estate owned: Legacy $ — — $ Acquired — — Total other real estate owned: — — Total $ $ — $ — $
Schedule of estimated fair value of financial instruments	December 31, 2015 (In thousands) Quoted Prices Significant Significant Total in Active Other Other Carrying Estimated Markets for Observable Unobservable Amount Fair Identical Assets Inputs Inputs (000’s) Value (Level 1) (Level 2) (Level 3) Assets: Cash and cash equivalents $ $ $ $ — $ — Loans receivable, net — — Loans held for sale — — Investment securities available for sale — Equity Securities at cost — — Bank Owned Life Insurance — — Accrued interest receivable — Liabilities: Deposits: Non-interest-bearing — — Interest bearing — — Short term borrowings — — Long term borrowings — — Accrued Interest payable — — December 31, 2014 (In thousands) Quoted Prices Significant Significant Total in Active Other Other Carrying Estimated Markets for Observable Unobservable Amount Fair Identical Assets Inputs Inputs (000’s) Value (Level 1) (Level 2) (Level 3) Assets: Cash and cash equivalents $ $ $ $ — $ — Loans receivable, net — — Loans held for sale — — Investment securities available for sale — Equity Securities at cost — — Bank Owned Life Insurance — — Accrued interest receivable — Liabilities: Deposits: Non-interest-bearing — — Interest bearing — — Short term borrowings — — Long term borrowings — — Accrued Interest payable — —

Other Operating Expenses (Table

Other Operating Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Other Operating Expenses
Schedule of other operating expenses	December 31, 2015 2014 2013 Legal Expenses $ $ $ Pointer Ridge other operating Other Total $ $ — —

Parent Company-Condensed Fina49

Parent Company-Condensed Financial Information (Tables)	12 Months Ended
	Dec. 31, 2015
Parent Company-Condensed Financial Information
Schedule of condensed balance sheets	Condensed Balance Sheets December 31, 2015 2014 Assets Cash and due from banks $ $ Investment in Real Estate LLC Investment in MD Statutory Trust — Investment in Old Line Bank Other assets $ $ Liabilities and Stockholders’ Equity Accounts payable $ $ Borrowings — Stockholders’ equity Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income (loss) $ $
Schedule of condensed statements of income	Condensed Statements of Income Years Ended December 31, 2015 2014 2013 Interest and dividend income (expense) Dividend from Old Line Bank $ $ $ Interest income on money market and certificates of deposit Interest expense on loans — Total interest and dividend income Non-interest income (loss) Non-interest expense Income before income taxes Income tax expense (benefit) Undistributed net income of Old Line Bank Net income $ $ $
Schedule of condensed statements of cash flows	Old Line Bancshares, Inc. Statements of Cash Flows Years Ended December 31, 2015 2014 2013 Cash flows from operating activities Interest and dividends received $ $ $ Reimbursement received (cash paid) for operating expenses Cash flows from investing activities Cash and cash equivalents of acquired company — — Cash flows from financing activities Proceeds from stock options exercised, including tax benefit Proceeds from issuance of common stock — Acquisition cash consideration — Cash dividends paid-common stock Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $ $ $ Reconciliation of net income to net cash provided by operating activities Net income $ $ $ Adjustments to reconcile net income to net cash provided by operating activities Undistributed net income of Old Line Bank Stock based compensation awards (Income) loss from investment in real estate LLC Increase (decrease) in other liabilities (Increase) decrease in other assets $ $ $

Summary of Significant Accoun50

Summary of Significant Accounting Policies - Cash, Premises (Details)	12 Months Ended
	Dec. 31, 2015
Cash and cash equivalents
Purchase and sell period for federal funds	1 day
Mortgage Banking Activities
Period after funding, the loans are transferred to the investor in accordance with the agreed-upon terms	21 days
Buildings | Minimum
Premises and equipment
Estimated useful life	5 years
Buildings | Maximum
Premises and equipment
Estimated useful life	50 years
Leasehold improvements | Minimum
Premises and equipment
Estimated useful life	3 years
Leasehold improvements | Maximum
Premises and equipment
Estimated useful life	30 years
Furniture and equipment | Minimum
Premises and equipment
Estimated useful life	3 years
Furniture and equipment | Maximum
Premises and equipment
Estimated useful life	23 years

Summary of Significant Accoun51

Summary of Significant Accounting Policies - Goodwill and Other Intangible Assets - (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item
Other intangible assets
Number of reporting units | item	1
Goodwill impairment charge | $	$ 0
Core deposit intangible | Maryland Bankcorp
Other intangible assets
Amortization period	18 years
Core deposit intangible | WSB Holdings, Inc.
Other intangible assets
Amortization period	10 years
Core deposit intangible | Regal Bancorp Inc.
Other intangible assets
Amortization period	8 years

Summary of Significant Accoun52

Summary of Significant Accounting Policies - Acquired loans - (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item
Summary of Significant Accounting Policies
Allowance for loan losses established at acquisition date for purchased performing loans | $	$ 0
Number of Reporting Units | item	1

Summary of Significant Accoun53

Summary of Significant Accounting Policies - Earnings per share - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Summary of Significant Accounting Policies
Net income available to common stockholders	$ 10,468,586	$ 7,130,300	$ 7,838,829
Denominator:
Weighted average common shares outstanding	10,647,986	10,786,017	9,044,844
Effect of Diluted Options	136,337	149,165	104,356
Diluted shares	10,784,323	10,935,182	9,149,200
Net income per share:
Basic (in dollars per share)	$ 0.98	$ 0.66	$ 0.87
Diluted (in dollars per share)	$ 0.97	$ 0.65	$ 0.86

Acquisition of Regal Bancorp, I

Acquisition of Regal Bancorp, Inc. (Details)	Dec. 04, 2015USD ($)$ / sharesshares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)
Purchase price as of acquisition date and the identifiable assets acquired and liabilities assumed
Aggregate cash consideration		$ 2,852,321		$ 16,966,208
Net identifiable assets acquired over (under) assumed
Goodwill		9,786,357	$ 7,793,665	7,793,665
Outline of expenses incurred in conjunction with merger
Business Combination, Acquisition Related Costs		1,420,570	$ 29,167	3,518,945
Common stock
REGAL Acquisition
Shares issued | shares			936,695
Bancshares (Parent Company)
Purchase price as of acquisition date and the identifiable assets acquired and liabilities assumed
Aggregate cash consideration		(2,852,321)		$ (2,098,535)
Regal Bancorp Inc.
REGAL Acquisition
Shares issued | shares	230,640
Holder's right to receive cash for conversion of each share of common stock of acquiree (in dollars per share) | $ / shares	$ 12.68
Holder's right to receive shares for conversion of each share of common stock of acquiree | shares	0.7718
Purchase price as of acquisition date and the identifiable assets acquired and liabilities assumed
Aggregate cash consideration	$ 2,852,321
Purchase price assigned to shares exchanged for stock	4,144,601
Total purchase price for Regal acquisition	6,996,922
Assets
Cash and due from banks	6,344,304
Investment securities available for sale-at fair value	23,832,038
Loans, net of deferred fees and costs	91,440,695
Premises and equipment	1,807,143
Accrued interest receivable	253,863
Deferred income taxes	502,320
Bank owned life insurance	4,309,770
Other real estate owned	808,150
Core deposit intangible	722,780
Other assets	603,020
Total assets	130,624,083
Liabilities and Stockholders' Equity
Deposits	103,975,043
Long term borrowings	16,090,182
Trust preferred subordinated debentures	3,716,838
Other liabilities	1,837,790
Total liabilities	125,619,853
Net identifiable assets acquired over (under) assumed
Goodwill	1,992,692
Fair Value of net assets acquired	$ 5,004,230
Outline of expenses incurred in conjunction with merger
Business Combination, Acquisition Related Costs		1,420,570
Regal Bancorp Inc. | Maximum
REGAL Acquisition
Business acquisition restriction percentage on extent of cash consideration	59
Regal Bancorp Inc. | Preferred Stock
REGAL Acquisition
Business acquisition, share price | $ / shares	$ 2
Regal Bancorp Inc. | Data processing
Outline of expenses incurred in conjunction with merger
Business Combination, Acquisition Related Costs		435,942
Regal Bancorp Inc. | Salaries
Outline of expenses incurred in conjunction with merger
Business Combination, Acquisition Related Costs		146,715
Regal Bancorp Inc. | Advisory & legal fees
Outline of expenses incurred in conjunction with merger
Business Combination, Acquisition Related Costs		631,667
Regal Bancorp Inc. | Other
Outline of expenses incurred in conjunction with merger
Business Combination, Acquisition Related Costs		$ 206,246

Goodwill and Other Intangible55

Goodwill and Other Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill:
Carrying amount at beginning of year	$ 7,793,665	$ 7,793,665
Goodwill from WSB acquisition	1,992,692
Carrying amount at end of year	9,786,357	7,793,665	$ 7,793,665
Amortization expense	792,351	866,704	838,694
Core deposit intangible
Goodwill:
Core deposit intangible	7,437,640	7,437,640
Acquired during the year	722,780
Less accumulated amortization	(3,809,194)	(3,016,844)
Carrying amount at end of year, net	4,351,226	4,420,796
Amortization expense	792,351	866,704	$ 838,694
Future amortization expense of core deposit premium
2,016	830,257
2,017	742,900
2,018	662,724
2,019	581,196
2,020	494,587
Thereafter	1,039,562
Total	$ 4,351,226	$ 4,420,796

Cash and Equivalents (Details)

Cash and Equivalents (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash and Equivalents
Average balance sold	$ 365	$ 2,900

Investment Securities - Investm

Investment Securities - Investment securities summary - (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Investment securities
Amortized cost	$ 194,642,591	$ 161,923,365
Gross unrealized gains	1,229,338	1,359,421
Gross unrealized losses	(1,166,254)	(1,602,588)
Estimated fair value	194,705,675	161,680,198
U. S. treasury
Investment securities
Amortized cost	2,999,978	3,000,690
Gross unrealized gains	118	5,460
Gross unrealized losses	(96)
Estimated fair value	3,000,000	3,006,150
U.S. government agency
Investment securities
Amortized cost	36,874,804	38,594,843
Gross unrealized gains	10,283	15,851
Gross unrealized losses	(278,424)	(954,362)
Estimated fair value	36,606,663	37,656,332
Municipal securities
Investment securities
Amortized cost	49,130,632	42,662,399
Gross unrealized gains	1,092,044	980,452
Gross unrealized losses	(19,970)	(96,690)
Estimated fair value	50,202,706	43,546,161
FHLMC certificates
Investment securities
Amortized cost	21,734,289	20,323,394
Gross unrealized gains	55,218	150,735
Gross unrealized losses	(26,350)	(3,182)
Estimated fair value	21,763,157	20,470,947
FNMA certificates
Investment securities
Amortized cost	49,461,464	17,898,497
Gross unrealized gains	22,916	61,472
Gross unrealized losses	(382,909)	(93,163)
Estimated fair value	49,101,471	17,866,806
GNMA certificates
Investment securities
Amortized cost	29,758,449	33,266,203
Gross unrealized gains	48,759	145,451
Gross unrealized losses	(389,199)	(272,309)
Estimated fair value	29,418,009	33,139,345
SBA loan pools
Investment securities
Amortized cost	4,682,975	6,177,339
Gross unrealized losses	(69,306)	(182,882)
Estimated fair value	$ 4,613,669	$ 5,994,457

Investment Securities - Length

Investment Securities - Length of time for securities in unrealized loss position (Details)	Dec. 31, 2015USD ($)security	Dec. 04, 2015USD ($)	Dec. 31, 2014USD ($)
Investment securities
Less than 12 months, Fair value	$ 96,351,663		$ 12,514,622
Less than 12 months, Unrealized losses	786,174		37,322
12 Months or More, Fair value	22,211,864		72,118,939
12 Months or More, Unrealized losses	380,080		1,565,266
Total, Fair value	118,563,527		84,633,561
Total, Unrealized losses	$ 1,166,254		1,602,588
Gross realized gains and proceeds from sales or calls of investment securities
Number of securities in an unrealized loss position for less than 12 months | security	70
Number of securities in an unrealized loss position for greater than 12 months | security	23
U.S. government agency
Investment securities
Less than 12 months, Fair value	$ 33,613,513		1,492,650
Less than 12 months, Unrealized losses	261,290		6,543
12 Months or More, Fair value	1,482,867		32,497,194
12 Months or More, Unrealized losses	17,133		947,819
Total, Fair value	35,096,380		33,989,844
Total, Unrealized losses	278,423		954,362
Municipal securities
Investment securities
Less than 12 months, Fair value	4,864,113		2,054,635
Less than 12 months, Unrealized losses	12,224		19,397
12 Months or More, Fair value	762,762		4,617,972
12 Months or More, Unrealized losses	7,747		77,293
Total, Fair value	5,626,875		6,672,607
Total, Unrealized losses	19,971		96,690
FHLMC certificates
Investment securities
Less than 12 months, Fair value	9,150,943		2,593,796
Less than 12 months, Unrealized losses	26,350		3,182
Total, Fair value	9,150,943		2,593,796
Total, Unrealized losses	26,350		3,182
FNMA certificates
Investment securities
Less than 12 months, Fair value	33,441,909		3,709,183
Less than 12 months, Unrealized losses	345,209		4,547
12 Months or More, Fair value	2,999,700		7,357,452
12 Months or More, Unrealized losses	37,700		88,616
Total, Fair value	36,441,609		11,066,635
Total, Unrealized losses	382,909		93,163
GNMA certificates
Investment securities
Less than 12 months, Fair value	13,781,185		2,664,358
Less than 12 months, Unrealized losses	141,005		3,653
12 Months or More, Fair value	12,352,866		21,651,864
12 Months or More, Unrealized losses	248,194		268,656
Total, Fair value	26,134,051		24,316,222
Total, Unrealized losses	389,199		272,309
SBA loan pools
Investment securities
12 Months or More, Fair value	4,613,669		5,994,457
12 Months or More, Unrealized losses	69,306		182,882
Total, Fair value	4,613,669		5,994,457
Total, Unrealized losses	69,306		$ 182,882
U. S. treasury
Investment securities
Less than 12 months, Fair value	1,500,000
Less than 12 months, Unrealized losses	96
Total, Fair value	1,500,000
Total, Unrealized losses	$ 96
Regal Bancorp Inc.
Gross realized gains and proceeds from sales or calls of investment securities
Investment securities available for sale-at fair value		$ 23,832,038

Investment Securities - Contrac

Investment Securities - Contractual maturities and pledged securities - (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Available for Sale, Amortized cost
Within one year	$ 2,999,978	$ 3,544,342
Over one to five years	38,043,946	62,179,718
Over five to ten years	18,196,837	33,569,550
Over ten years	135,401,830	62,629,755
Total available for sale, Amortized cost	194,642,591	161,923,365
Available for Sale, Fair value
Within one year	3,000,000	3,634,258
Over one to five years	37,821,084	62,121,507
Over five to ten years	18,530,454	33,063,305
Over ten years	135,354,137	62,861,128
Estimated fair value	194,705,675	161,680,198
Pledged securities
Amortized cost	42,610,016	53,569,275
Fair value	$ 42,385,435	$ 53,320,790

Loans and Allowance for Loan 60

Loans and Allowance for Loan Losses - Major loans classifications - (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Held-for-investment
Total before allowance and deferred loan cost	$ 1,150,670,000	$ 929,581,791
Allowance for loan losses	(4,909,818)	(4,281,835)	$ (4,929,213)
Deferred loan costs, net	1,274,533	1,273,532
Total Loans	$ 1,147,034,715	926,573,488
Number of components segmented in loan portfolio | item	2
Number of board of directors and executives forming loan committee | item	7
Commercial Real Estate
Held-for-investment
Total before allowance and deferred loan cost	$ 767,646,422	600,714,557
Allowance for loan losses	(3,053,925)	(2,558,368)	(3,569,395)
Commercial Real Estate | Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	$ 251,122,416	220,614,855
Commercial Real Estate | Owner Occupied | Maximum
Held-for-investment
Loan to value ratio (as a percent)	80.00%
Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	$ 356,183,463	250,390,883
Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	102,217,109	84,662,560
Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	58,123,433	45,046,259
Residential Real Estate
Held-for-investment
Total before allowance and deferred loan cost	260,665,765	211,479,949
Allowance for loan losses	$ (682,962)	(926,995)	(841,234)
Credit score required | item	660
Residential Real Estate | Maximum
Held-for-investment
Maturity period of short duration loans	12 months
Residential Real Estate | Minimum
Held-for-investment
Credit score required for loans sold in secondary market | item	640
Credit score required for loans sold in secondary market to veterans | item	620
Residential Real Estate | Investment | Maximum
Held-for-investment
Loan to value ratio (as a percent)	75.00%
Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	$ 100,656,195	73,764,433
Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	89,691,575	83,065,128
Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	41,798,751	30,748,902
Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	$ 28,519,245	23,901,486
Residential Real Estate | Residential | Maximum
Held-for-investment
Loan to value ratio (as a percent)	85.00%
Debt to income ratio required (as a percent)	43.00%
Residential Real Estate | Residential | Federal Housing Administration
Held-for-investment
Loans and Leases Receivable Permissible Amount under Federal Regulations	$ 625,500
Single-family residential loans | Residential | Fannie Mae and Freddie Mac for secondary market resale | Maximum
Held-for-investment
Loans and Leases Receivable Permissible Amount under Federal Regulations	625,500
Single-family residential loans | Residential | Fannie Mae and Freddie Mac for secondary market resale | Minimum
Held-for-investment
Loans and Leases Receivable Permissible Amount under Federal Regulations	417,000
Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	115,482,698	108,004,791
Commercial
Held-for-investment
Total before allowance and deferred loan cost	115,482,698	108,004,791
Allowance for loan losses	(1,161,318)	(696,371)	(495,051)
Minimum threshold amount of loan for which financial condition and operating performance of the borrower is monitored	250,000
Consumer
Held-for-investment
Total before allowance and deferred loan cost	6,875,115	9,382,494
Allowance for loan losses	$ (11,613)	(100,101)	$ (23,533)
Consumer | 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	$ 912,960,157	749,967,997
Allowance for loan losses	(4,821,214)	(4,261,835)
Deferred loan costs, net	1,274,533	1,283,455
Total Loans	909,413,476	746,989,617
Legacy | Commercial Real Estate | Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	193,909,818	192,723,718
Legacy | Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	298,434,087	208,766,058
Legacy | Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	91,440,548	76,342,916
Legacy | Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	50,584,469	40,260,506
Legacy | Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	69,121,743	49,578,862
Legacy | Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	37,486,858	31,822,773
Legacy | Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	35,219,801	22,239,663
Legacy | Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	24,168,289	20,854,737
Legacy | Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	105,963,233	98,310,009
Legacy | Consumer
Held-for-investment
Total before allowance and deferred loan cost	6,631,311	9,068,755
Acquired
Held-for-investment
Total before allowance and deferred loan cost	237,709,843	179,613,794
Allowance for loan losses	(88,604)	(20,000)
Deferred loan costs, net		(9,923)
Total Loans	237,621,239	179,583,871
Acquired | Commercial Real Estate | Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	57,212,598	27,891,137
Acquired | Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	57,749,376	41,624,825
Acquired | Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	10,776,561	8,319,644
Acquired | Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	7,538,964	4,785,753
Acquired | Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	31,534,452	24,185,571
Acquired | Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	52,204,717	51,242,355
Acquired | Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	6,578,950	8,509,239
Acquired | Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	4,350,956	3,046,749
Acquired | Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	9,519,465	9,694,782
Acquired | Consumer
Held-for-investment
Total before allowance and deferred loan cost	$ 243,804	$ 313,739

Loans and Allowance for Loan 61

Loans and Allowance for Loan Losses - Aging analysis of loans - (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Aging analysis of the loan held for investment portfolio
Current	$ 1,137,882,394	$ 920,107,077
Accruing past due loans:
Total 30-89 days past due	6,764,550	3,962,184
Total 90 or more days past due	129,437	305,323
Total accruing past due loans	6,893,987	4,267,507
Total Recorded Investment Non-accruing past due loans:	5,893,619	5,207,207
Total loans	1,150,670,000	929,581,791
Commercial Real Estate
Accruing past due loans:
Total loans	767,646,422	600,714,557
Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total 30-89 days past due	1,359,110
Total 90 or more days past due	128,938
Total Recorded Investment Non-accruing past due loans:	2,474,813	1,905,392
Total loans	251,122,416	220,614,855
Commercial Real Estate | Investment
Accruing past due loans:
Total 30-89 days past due		572,565
Total Recorded Investment Non-accruing past due loans:	64,447
Total loans	356,183,463	250,390,883
Commercial Real Estate | Hospitality
Accruing past due loans:
Total loans	102,217,109	84,662,560
Commercial Real Estate | Land and A&D
Accruing past due loans:
Total 30-89 days past due	617,521
Total Recorded Investment Non-accruing past due loans:	261,700
Total loans	58,123,433	45,046,259
Residential Real Estate
Accruing past due loans:
Total loans	260,665,765	211,479,949
Residential Real Estate | Land and A&D
Accruing past due loans:
Total 30-89 days past due		168,875
Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total 30-89 days past due	1,541,752	486,960
Total Recorded Investment Non-accruing past due loans:	683,139	423,999
Total loans	100,656,195	73,764,433
Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total 30-89 days past due	2,365,861	1,423,752
Total 90 or more days past due		305,323
Total Recorded Investment Non-accruing past due loans:	566,701	795,920
Total loans	89,691,575	83,065,128
Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:		795,300
Total loans	41,798,751	30,748,902
Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total 30-89 days past due		87,703
Total loans	28,519,245	23,901,486
Commercial
Accruing past due loans:
Total 30-89 days past due	878,267	1,213,021
Total Recorded Investment Non-accruing past due loans:	1,842,819	1,165,955
Total loans	115,482,698	108,004,791
Consumer
Accruing past due loans:
Total 30-89 days past due	2,039	9,308
Total 90 or more days past due	499
Total Recorded Investment Non-accruing past due loans:		120,641
Total loans	6,875,115	9,382,494
Legacy
Aging analysis of the loan held for investment portfolio
Current	907,545,764	746,375,748
Accruing past due loans:
Total 30-89 days past due	994,318	342,704
Total accruing past due loans	994,318	342,704
Total Recorded Investment Non-accruing past due loans:	4,420,075	3,249,545
Total loans	912,960,157	749,967,997
Legacy | Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	2,474,813	1,849,685
Total loans	193,909,818	192,723,718
Legacy | Commercial Real Estate | Investment
Accruing past due loans:
Total loans	298,434,087	208,766,058
Legacy | Commercial Real Estate | Hospitality
Accruing past due loans:
Total loans	91,440,548	76,342,916
Legacy | Commercial Real Estate | Land and A&D
Accruing past due loans:
Total 30-89 days past due	459,655
Total loans	50,584,469	40,260,506
Legacy | Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total 30-89 days past due	288,747	297,221
Total Recorded Investment Non-accruing past due loans:	102,443	113,264
Total loans	69,121,743	49,578,862
Legacy | Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total 30-89 days past due	241,445
Total loans	37,486,858	31,822,773
Legacy | Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	35,219,801	22,239,663
Legacy | Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	24,168,289	20,854,737
Legacy | Commercial
Accruing past due loans:
Total 30-89 days past due	4,471	45,483
Total Recorded Investment Non-accruing past due loans:	1,842,819	1,165,955
Legacy | Consumer
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:		120,641
Total loans	6,631,311	9,068,755
Acquired
Aging analysis of the loan held for investment portfolio
Current	230,336,630	173,731,329
Accruing past due loans:
Total 30-89 days past due	5,770,232	3,619,480
Total 90 or more days past due	129,437	305,323
Total accruing past due loans	5,899,669	3,924,803
Total Recorded Investment Non-accruing past due loans:	1,473,544	1,957,662
Total loans	237,709,843	179,613,794
Acquired | Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total 30-89 days past due	1,359,110
Total 90 or more days past due	128,938
Total Recorded Investment Non-accruing past due loans:		55,707
Total loans	57,212,598	27,891,137
Acquired | Commercial Real Estate | Investment
Accruing past due loans:
Total 30-89 days past due		572,565
Total Recorded Investment Non-accruing past due loans:	64,447
Total loans	57,749,376	41,624,825
Acquired | Commercial Real Estate | Hospitality
Accruing past due loans:
Total loans	10,776,561	8,319,644
Acquired | Commercial Real Estate | Land and A&D
Accruing past due loans:
Total 30-89 days past due	157,866
Total Recorded Investment Non-accruing past due loans:	261,700
Total loans	7,538,964	4,785,753
Acquired | Residential Real Estate | Land and A&D
Accruing past due loans:
Total 30-89 days past due		168,875
Acquired | Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total 30-89 days past due	1,253,005	189,739
Total Recorded Investment Non-accruing past due loans:	580,696	310,735
Total loans	31,534,452	24,185,571
Acquired | Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total 30-89 days past due	2,124,416	1,423,752
Total 90 or more days past due		305,323
Total Recorded Investment Non-accruing past due loans:	566,701	795,920
Total loans	52,204,717	51,242,355
Acquired | Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:		795,300
Total loans	6,578,950	8,509,239
Acquired | Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total 30-89 days past due		87,703
Total loans	4,350,956	3,046,749
Acquired | Commercial
Accruing past due loans:
Total 30-89 days past due	873,796	1,167,538
Acquired | Consumer
Accruing past due loans:
Total 30-89 days past due	2,039	9,308
Total 90 or more days past due	499
Total loans	$ 243,804	$ 313,739

Loans and Allowance for Loan 62

Loans and Allowance for Loan Losses - Impaired loans - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unpaid Principal Balance
Total	$ 7,077,135	$ 8,055,181
Recorded Investment
Total	7,056,609	7,283,210
Related Allowance
Total	813,139	235,540
Average Recorded Investment
Total	16,688,819	7,924,449
Interest Income Recognized
Total	108,176	153,676
Legacy
Unpaid Principal Balance
With an allowance recorded		5,020,847
Total	6,057,441
Recorded Investment
With an allowance recorded		5,020,847
Total	6,057,441
Related Allowance
Total	724,535	215,540
Average Recorded Investment
Total	14,767,783	5,000,728
Interest Income Recognized
Total	79,699	95,888
Legacy | Commercial Real Estate | Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	575,562	2,113,173
With an allowance recorded	2,153,214
Recorded Investment
With no related allowance recorded	575,562	2,113,173
With an allowance recorded	2,153,214
Related Allowance
Total	119,199
Average Recorded Investment
With no related allowance recorded	1,232,306	2,111,733
With an allowance recorded	6,605,858
Interest Income Recognized
With no related allowance recorded	13,147	18,318
Legacy | Commercial Real Estate | Investment
Unpaid Principal Balance
With no related allowance recorded	1,264,141	1,319,280
Recorded Investment
With no related allowance recorded	1,264,141	1,319,280
Average Recorded Investment
With no related allowance recorded	1,264,141	1,315,243
Interest Income Recognized
With no related allowance recorded	56,959	58,664
Legacy | Residential Real Estate | First Lien-Investment
Unpaid Principal Balance
With no related allowance recorded	102,443	113,264
Recorded Investment
With no related allowance recorded	102,443	113,264
Average Recorded Investment
With no related allowance recorded	330,106	112,027
Legacy | Commercial
Unpaid Principal Balance
With no related allowance recorded	922,826	979,039
With an allowance recorded	1,039,255	375,450
Recorded Investment
With no related allowance recorded	922,826	979,039
With an allowance recorded	1,039,255	375,450
Related Allowance
Total	605,336	159,040
Average Recorded Investment
With no related allowance recorded	3,338,295	975,224
With an allowance recorded	1,997,077	365,860
Interest Income Recognized
With no related allowance recorded		4,767
With an allowance recorded	9,593	13,101
Legacy | Consumer
Unpaid Principal Balance
Total		120,641
Recorded Investment
Total		120,641
Related Allowance
Total		56,500
Average Recorded Investment
With an allowance recorded		120,641
Interest Income Recognized
With an allowance recorded		1,038
Acquired
Unpaid Principal Balance
Total	1,019,694	3,034,334
Recorded Investment
Total	999,168	2,262,363
Related Allowance
Total	88,604	20,000
Average Recorded Investment
Total	1,921,036	2,923,721
Interest Income Recognized
Total	28,477	57,788
Acquired | Commercial Real Estate | Owner Occupied
Unpaid Principal Balance
With no related allowance recorded		48,359
Recorded Investment
With no related allowance recorded		55,706
Average Recorded Investment
With no related allowance recorded		48,359
Interest Income Recognized
With no related allowance recorded		1,742
Acquired | Commercial Real Estate | Land and A&D
Unpaid Principal Balance
With no related allowance recorded	267,113	1,309,568
With an allowance recorded		223,336
Recorded Investment
With no related allowance recorded	261,700	595,300
With an allowance recorded		200,000
Related Allowance
Total		20,000
Average Recorded Investment
With no related allowance recorded	490,977	1,201,246
With an allowance recorded		223,536
Interest Income Recognized
With no related allowance recorded		8,357
With an allowance recorded		10,529
Acquired | Residential Real Estate | First Lien-Investment
Unpaid Principal Balance
With no related allowance recorded		311,089
Recorded Investment
With no related allowance recorded		310,735
Average Recorded Investment
With no related allowance recorded		311,089
Interest Income Recognized
With no related allowance recorded		14,866
Acquired | Residential Real Estate | First Lien-Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	528,964	1,058,125
With an allowance recorded	223,617
Recorded Investment
With no related allowance recorded	518,243	1,016,765
With an allowance recorded	219,225
Related Allowance
Total	88,604
Average Recorded Investment
With no related allowance recorded	1,062,798	1,055,774
With an allowance recorded	367,261
Interest Income Recognized
With no related allowance recorded	$ 28,477	17,782
Acquired | Commercial
Unpaid Principal Balance
With no related allowance recorded		83,857
Recorded Investment
With no related allowance recorded		83,857
Average Recorded Investment
With no related allowance recorded		83,717
Interest Income Recognized
With no related allowance recorded		$ 4,512

Loans and Allowance for Loan 63

Loans and Allowance for Loan Losses - Loans Modified as a TDR - (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)contractitem	Dec. 31, 2014USD ($)contractitem
Troubled debt restructurings
Number of Contracts | item	2
Pre-Modification Outstanding Recorded Investment	$ 416,012
Post Modification Outstanding Recorded Investment	$ 416,012
Number of loans that have been modified as troubled debt restructurings that defaulted | contract	0	0
Restructured loans
Troubled debt restructurings
Number of Contracts | item	5	4
Pre-Modification Outstanding Recorded Investment		$ 711
Post Modification Outstanding Recorded Investment		$ 589
Acquired | Residential Real Estate | Owner Occupied
Troubled debt restructurings
Number of Contracts | item	2
Pre-Modification Outstanding Recorded Investment	$ 416,012
Post Modification Outstanding Recorded Investment	$ 416,012

Loans and Allowance for Loan 64

Loans and Allowance for Loan Losses - Changes in the accretable discount - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 04, 2015	Dec. 31, 2013
Outstanding balances and related carrying amounts of acquired impaired loans
Provision (credit ) for loan losses for loans acquired with deteriorated credit quality	$ 0
Contractually Required Payments Receivable	14,875,352	$ 10,658,840	$ 7,471,627
Carrying Amount	10,675,943	7,994,604
Contractual cash flows not expected to be collected (non accretable difference)			2,125,940
Expected cash flows at acquisition			5,345,687
Accretable difference			(303,288)
Basis in purchased credit impaired loans at acquisition - estimated fair value			5,042,399
Accretable Yield
Beginning balance	(31,551)	40,771
Additions	303,288
Accretion of fair value discounts	(251,595)	(1,018,309)
Reclassification from non-accretable	256,750	945,987
Ending balance	276,892	(31,551)
Additional information
Loans and Leases Receivable, Allowance	4,909,818	4,281,835		$ 4,929,213
Non-accretable credit adjustments			$ 2,125,940
Residential Real Estate
Additional information
Loans and Leases Receivable, Allowance	682,962	926,995		841,234
Commercial
Additional information
Loans and Leases Receivable, Allowance	1,161,318	696,371		495,051
Consumer
Additional information
Loans and Leases Receivable, Allowance	11,613	100,101		$ 23,533
Acquired
Additional information
Loans and Leases Receivable, Allowance	$ 88,604	$ 20,000

Loans and Allowance for Loan 65

Loans and Allowance for Loan Losses - Allocation of the loan portfolio - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Credit quality indicators
Account balance	$ 1,150,670,000	$ 929,581,791
Commercial Real Estate
Credit quality indicators
Account balance	767,646,422	600,714,557
Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	251,122,416	220,614,855
Commercial Real Estate | Investment
Credit quality indicators
Account balance	356,183,463	250,390,883
Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	102,217,109	84,662,560
Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	58,123,433	45,046,259
Residential Real Estate
Credit quality indicators
Account balance	260,665,765	211,479,949
Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	100,656,195	73,764,433
Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	89,691,575	83,065,128
Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	41,798,751	30,748,902
Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	28,519,245	23,901,486
Commercial
Credit quality indicators
Account balance	115,482,698	108,004,791
Consumer
Credit quality indicators
Account balance	$ 6,875,115	9,382,494
Installment and other consumer loans and real estate loans
Credit quality indicators
Loss ratio period considered	3 years
Risk rated 1 - 5 at acquisition
Credit quality indicators
Account balance	$ 1,110,999,911	898,270,756
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	237,902,524	214,176,387
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	350,268,873	245,419,025
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	100,786,831	84,662,560
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	54,041,510	41,647,168
Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	96,784,165	71,009,258
Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	85,316,582	79,212,507
Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	39,421,737	26,998,064
Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	28,513,137	23,894,320
Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	111,089,437	101,665,637
Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	6,875,115	9,585,830
Risk rated 6 at acquisition
Credit quality indicators
Account balance	24,367,921	19,454,033
Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	7,707,085	2,801,467
Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	2,847,395	2,578,560
Risk rated 6 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,430,277
Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	2,972,443	3,399,091
Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	2,411,792	1,851,881
Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	2,883,550	2,449,773
Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	2,631,460	2,347,890
Risk rated 6 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	6,107	7,166
Risk rated 6 at acquisition | Commercial
Credit quality indicators
Account balance	1,477,812	4,018,205
Risk rated 7 at acquisition
Credit quality indicators
Account balance	15,302,168	11,857,002
Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	5,512,807	3,637,001
Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	3,067,196	2,069,322
Risk rated 7 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	42,670
Risk rated 7 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	1,460,238	903,294
Risk rated 7 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	1,491,443	1,402,848
Risk rated 7 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	812,364	1,402,947
Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	2,915,450	2,320,949
Risk rated 7 at acquisition | Consumer
Credit quality indicators
Account balance		120,641
Legacy
Credit quality indicators
Account balance	912,960,157	749,967,997
Legacy | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	193,909,818	192,723,718
Legacy | Commercial Real Estate | Investment
Credit quality indicators
Account balance	298,434,087	208,766,058
Legacy | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	91,440,548	76,342,916
Legacy | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	50,584,469	40,260,506
Legacy | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	69,121,743	49,578,862
Legacy | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	37,486,858	31,822,773
Legacy | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	35,219,801	22,239,663
Legacy | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	24,168,289	20,854,737
Legacy | Consumer
Credit quality indicators
Account balance	6,631,311	9,068,755
Legacy | Risk rated 1 - 5 at acquisition
Credit quality indicators
Account balance	895,388,512	733,868,509
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	187,470,038	189,360,330
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	296,144,038	205,395,067
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	91,440,548	76,342,916
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	47,935,681	37,227,339
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	67,862,579	48,263,092
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	37,409,003	31,740,158
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	33,611,213	20,601,936
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	24,162,182	20,847,571
Legacy | Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	102,721,919	94,818,009
Legacy | Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	6,631,311	9,272,091
Legacy | Risk rated 6 at acquisition
Credit quality indicators
Account balance	10,378,375	10,199,147
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	2,863,922	357,092
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,025,908	1,731,771
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	2,648,788	3,033,167
Legacy | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	867,973	1,202,506
Legacy | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	77,855	82,616
Legacy | Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	1,608,588	1,637,727
Legacy | Risk rated 6 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	6,107	7,166
Legacy | Risk rated 6 at acquisition | Commercial
Credit quality indicators
Account balance	1,279,234	2,147,102
Legacy | Risk rated 7 at acquisition
Credit quality indicators
Account balance	7,193,270	5,900,341
Legacy | Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	3,575,859	3,006,294
Legacy | Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,264,141	1,315,243
Legacy | Risk rated 7 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	391,190	113,264
Legacy | Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	1,962,080	1,344,899
Legacy | Risk rated 7 at acquisition | Consumer
Credit quality indicators
Account balance		120,641
Acquired
Credit quality indicators
Account balance	237,709,843	179,613,794
Acquired | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	57,212,598	27,891,137
Acquired | Commercial Real Estate | Investment
Credit quality indicators
Account balance	57,749,376	41,624,825
Acquired | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	10,776,561	8,319,644
Acquired | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	7,538,964	4,785,753
Acquired | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	31,534,452	24,185,571
Acquired | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	52,204,717	51,242,355
Acquired | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	6,578,950	8,509,239
Acquired | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	4,350,956	3,046,749
Acquired | Consumer
Credit quality indicators
Account balance	243,804	313,739
Acquired | Risk rated 1 - 5 at acquisition
Credit quality indicators
Account balance	215,611,399	164,402,247
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	50,432,486	24,816,057
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	54,124,835	40,023,958
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	9,346,283	8,319,644
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	6,105,829	4,419,829
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	28,921,586	22,746,166
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	47,907,579	47,472,349
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	5,810,524	6,396,128
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	4,350,955	3,046,749
Acquired | Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	8,367,518	6,847,628
Acquired | Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	243,804	313,739
Acquired | Risk rated 6 at acquisition
Credit quality indicators
Account balance	13,989,546	9,254,886
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	4,843,163	2,444,375
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,821,487	846,789
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,430,277
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	323,655	365,924
Acquired | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	1,543,819	649,375
Acquired | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	2,805,695	2,367,157
Acquired | Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	1,022,872	710,163
Acquired | Risk rated 6 at acquisition | Commercial
Credit quality indicators
Account balance	198,578	1,871,103
Acquired | Risk rated 7 at acquisition
Credit quality indicators
Account balance	8,108,898	5,956,661
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	1,936,948	630,707
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,803,055	754,079
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	42,670
Acquired | Risk rated 7 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	1,069,048	790,030
Acquired | Risk rated 7 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	1,491,443	1,402,848
Acquired | Risk rated 7 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	812,364	1,402,947
Acquired | Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	$ 953,370	$ 976,050

Loans and Allowance for Loan 66

Loans and Allowance for Loan Losses - Activity in the allowance for loan losses by portfolio segment - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Activity in the allowance for loan losses
Beginning balance	$ 4,281,835	$ 4,929,213
General provision for loan losses	1,310,984	2,827,297
Provision (credit ) for loan losses for loans acquired with deteriorated credit quality	0
Recoveries	210,101	114,932
Allowance for loan losses before charge offs	5,802,920	7,871,442
Loans charged off	(893,102)	(3,589,607)
Ending Balance	4,909,818	4,281,835
Amount allocated to:
Ending balance	4,281,835	4,929,213	$ 4,909,818	$ 4,281,835
Legacy
Activity in the allowance for loan losses
Beginning balance	4,261,835
Ending Balance	4,821,214	4,261,835
Amount allocated to:
Individually evaluated for impairment			724,535	215,540
Other loans not individually evaluated			4,096,679	4,046,295
Ending balance	4,261,835	4,261,835	4,821,214	4,261,835
Acquired
Activity in the allowance for loan losses
Beginning balance	20,000
Ending Balance	88,604	20,000
Amount allocated to:
Individually evaluated for impairment			88,604	20,000
Ending balance	20,000	20,000	88,604	20,000
Commercial
Activity in the allowance for loan losses
Beginning balance	696,371	495,051
General provision for loan losses	675,598	206,558
Recoveries	16,068	12,342
Allowance for loan losses before charge offs	1,388,037	713,951
Loans charged off	(226,719)	(17,580)
Ending Balance	1,161,318	696,371
Amount allocated to:
Ending balance	696,371	495,051	1,161,318	696,371
Commercial | Legacy
Amount allocated to:
Individually evaluated for impairment			605,336	159,040
Other loans not individually evaluated			555,982	537,331
Commercial Real Estate
Activity in the allowance for loan losses
Beginning balance	2,558,368	3,569,395
General provision for loan losses	495,537	1,668,877
Recoveries	20	122
Allowance for loan losses before charge offs	3,053,925	5,238,394
Loans charged off		(2,680,026)
Ending Balance	3,053,925	2,558,368
Amount allocated to:
Ending balance	2,558,368	3,569,395	3,053,925	2,558,368
Commercial Real Estate | Legacy
Amount allocated to:
Individually evaluated for impairment			119,199
Other loans not individually evaluated			2,934,726	2,558,368
Residential Real Estate
Activity in the allowance for loan losses
Beginning balance	926,995	841,234
General provision for loan losses	282,398	843,810
Recoveries	135,908	75,149
Allowance for loan losses before charge offs	1,345,301	1,760,193
Loans charged off	(662,339)	(833,198)
Ending Balance	682,962	926,995
Amount allocated to:
Ending balance	926,995	841,234	682,962	926,995
Residential Real Estate | Legacy
Amount allocated to:
Other loans not individually evaluated			594,358	906,995
Residential Real Estate | Acquired
Amount allocated to:
Individually evaluated for impairment			88,604	20,000
Consumer
Activity in the allowance for loan losses
Beginning balance	100,101	23,533
General provision for loan losses	(142,549)	108,052
Recoveries	58,105	27,319
Allowance for loan losses before charge offs	15,657	158,904
Loans charged off	(4,044)	(58,803)
Ending Balance	11,613	100,101
Amount allocated to:
Ending balance	$ 100,101	$ 23,533	11,613	100,101
Consumer | Legacy
Amount allocated to:
Individually evaluated for impairment				56,500
Other loans not individually evaluated			$ 11,613	$ 43,601

Loans and Allowance for Loan 67

Loans and Allowance for Loan Losses - Recorded investment in loans - (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
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	$ 1,150,670,000	$ 929,581,791
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	115,482,698	108,004,791
Commercial 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	767,646,422	600,714,557
Residential 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	260,665,765	211,479,949
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	6,875,115	9,382,494
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	3,192,469	496,091
Individually evaluated for impairment without specific reserve	2,864,971	4,524,756
Other loans not individually evaluated	906,902,716	744,935,542
Ending balance	912,960,157	749,967,997
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 with specific reserve	1,039,255	375,450
Individually evaluated for impairment without specific reserve	2,186,966	979,039
Other loans not individually evaluated	102,737,011	96,943,910
Legacy | Commercial 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	2,153,214
Individually evaluated for impairment without specific reserve	575,562	3,432,453
Other loans not individually evaluated	631,640,146	514,660,746
Legacy | Residential 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 without specific reserve	102,443	113,264
Other loans not individually evaluated	165,894,248	124,382,772
Legacy | 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
Individually evaluated for impairment with specific reserve		120,641
Other loans not individually evaluated	6,631,311	8,948,114
Ending balance	6,631,311	9,068,755
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	219,225
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition)	779,944	2,062,363
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)		200,000
Collectively evaluated for impairment without reserve	236,710,675	177,363,039
Ending balance	237,709,843	179,613,794
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 without specific reserve (ASC 310-20 at acquisition)		83,857
Collectively evaluated for impairment without reserve	9,519,466	9,622,535
Acquired | Commercial 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 without specific reserve (ASC 310-20 at acquisition)	261,700	651,006
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)		200,000
Collectively evaluated for impairment without reserve	133,015,800	81,770,352
Acquired | Residential 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	219,225
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition)	518,244	1,327,500
Collectively evaluated for impairment without reserve	93,931,605	85,656,413
Acquired | 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	243,804	313,739
Ending balance	$ 243,804	$ 313,739

Loans and Allowance for Loan 68

Loans and Allowance for Loan Losses - Maturity and rate re pricing distribution of the loan portfolio - (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Loans and Allowance for Loan Losses
Within one year	$ 294,941,852	$ 246,286,107
Over one to five years	594,825,353	537,027,145
Over five years	260,902,795	146,268,539
Total loans	1,150,670,000	$ 929,581,791
Loans pledged to support Federal Home Loan Bank borrowings	$ 160,700,000

Equity Securities (Details)

Equity Securities (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Equity securities
Total equity securities	$ 4,942,346	$ 5,811,697
Federal Reserve Bank stock
Equity securities
Total equity securities		2,919,700
Atlantic Central Bankers Bank stock
Equity securities
Total equity securities	219,500	189,500
Federal Home Loan Bank stock
Equity securities
Total equity securities	4,366,600	2,550,000
ICMA Stock
Equity securities
Total equity securities	1,750
Maryland Financial Bank stock
Equity securities
Total equity securities	152,496	$ 152,497
Investment In Maryland Statutory Trust
Equity securities
Total equity securities	$ 202,000

Pointer Ridge Office Investme70

Pointer Ridge Office Investment, LLC (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Condensed Balance Sheets
Liabilities	$ 1,366,100,000	$ 1,091,992,367
Equity	143,988,889	135,526,637	$ 126,549,318	$ 75,253,161
Condensed Statements of Income
Net income	$ 10,464,434	7,092,711	7,747,205
Pointer Ridge
Pointer Ridge Office Investment, LLC
Ownership percentage	62.50%
Condensed Balance Sheets
Current assets	$ 281,441	269,314	286,206
Non-current assets	6,281,601	6,433,380	6,622,560
Liabilities	5,874,560	6,003,139	6,108,972
Equity	688,484	699,555	799,794
Condensed Statements of Income
Revenue	985,480	944,022	909,312
Expenses	996,552	1,044,261	1,153,644
Net income	$ (11,072)	$ (100,239)	$ (244,332)

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Premises and equipment
Gross premises and equipment	$ 49,635,039	$ 43,525,018
Accumulated depreciation	13,460,061	9,224,643
Net premises and equipment	36,174,978	34,300,375
Depreciation expense	2,134,286	1,980,807
Land
Premises and equipment
Gross premises and equipment	5,825,061	5,905,061
Buildings
Premises and equipment
Gross premises and equipment	29,662,308	26,280,921
Leasehold improvements
Premises and equipment
Gross premises and equipment	5,870,113	5,308,510
Furniture and equipment
Premises and equipment
Gross premises and equipment	$ 8,277,557	$ 6,030,526

Deposits (Details)

Deposits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Major classifications of interest bearing deposits
Money market and NOW	$ 367,238,001	$ 315,796,421
Savings	96,629,323	90,129,603
Time deposits that meet or exceed the FDIC insured limit	59,932,692	48,769,745
Other time deposits	383,530,545	300,130,116
Interest bearing deposits	907,330,561	754,825,885
Maturities of time deposit
Within three months	72,207,928	78,934,081
Over three to twelve months	148,980,683	120,637,956
Over one to three years	144,518,165	110,181,433
Over three to five years	77,756,461	39,146,391
Total	443,463,237	348,899,861
Components of Interest on deposits
Money market and NOW	723,666	715,626	$ 614,402
Savings	111,385	137,903	137,293
Other time deposits	3,411,939	2,548,093	2,964,349
Interest on deposits	$ 4,246,990	$ 3,401,622	$ 3,716,044

Short Term Borrowings (Details)

Short Term Borrowings (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Short term borrowings
Average for the year	$ 95,359,224	$ 39,499,977
Maximum Amount Borrowed During Any Month End Period	187,557,246	82,841,441
Short-term Debt	$ 107,557,246	61,002,889
Short term promissory notes
Short term borrowings
Average for the year		$ 4,104,963
Average interest rate for the year (as a percent)		0.15%
Repurchase agreements
Short term borrowings
Interest rate at year end (as a percent)	0.17%	0.19%
Average for the year	$ 29,038,197	$ 31,144,877
Average interest rate for the year (as a percent)	0.17%	0.25%
Maximum Amount Borrowed During Any Month End Period	$ 33,557,246	$ 37,841,441
Book values of securities pledged as collateral for repurchase agreements	42,610,016
Market values of securities pledged as collateral for repurchase agreements	42,385,435
Short-term Debt	$ 33,557,246	$ 27,502,889
FHLB overnight advance
Short term borrowings
Interest rate at year end (as a percent)	0.49%	0.36%
Average for the year	$ 18,756,567	$ 4,250,137
Average interest rate for the year (as a percent)	0.38%	0.35%
Maximum Amount Borrowed During Any Month End Period	$ 64,000,000	$ 45,000,000
Short-term Debt	$ 34,000,000	$ 33,500,000
FHLB adjustable rate advances
Short term borrowings
Interest rate at year end (as a percent)	0.38%
Average for the year	$ 504,734
Average interest rate for the year (as a percent)	0.36%
Maximum Amount Borrowed During Any Month End Period	$ 2,500,000
Short-term Debt	$ 3,000,000
FHLB fixed rate advances
Short term borrowings
Interest rate at year end (as a percent)	0.39%
Average for the year	$ 47,059,726
Average interest rate for the year (as a percent)	0.21%
Maximum Amount Borrowed During Any Month End Period	$ 87,500,000
Short-term Debt	37,000,000
Bancshares (Parent Company) | Line of credit
Short term borrowings
Maximum borrowing capacity	5,000,000
Old Line Bank | Line of credit
Short term borrowings
Maximum borrowing capacity	33,500,000
Old Line Bank | Line of credit | FHLB
Short term borrowings
Additional secured line of credit from the (FHLB)	397,300,000
Value of collateral provided	160,700,000
Amount borrowed from FHLB	74,000,000
Additional available borrowing capacity from FHLB	$ 86,700,000

Long Term Borrowings (Details)

Long Term Borrowings (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Long term borrowings
Amount outstanding at year end	$ 9,593,318	$ 5,987,283
Stock on subordinated debentures	202,000
Average for the year	6,211,729	6,038,527
Principal payments on long term debt obligations
2,016	5,874,560
over 10 years	3,718,758
Total	$ 9,593,318	$ 5,987,283
Senior note | Pointer Ridge
Long term borrowings
Debt term	10 years
Fixed interest rate (as a percent)	6.28%	6.28%
Amount outstanding at year end	$ 5,874,560	$ 5,987,283
Average for the year	$ 5,926,602	$ 6,038,527
Average rate for the year	6.28%	6.28%
Principal payments on long term debt obligations
Total	$ 5,874,560	$ 5,987,283
Subordinated debentures
Long term borrowings
Fixed interest rate (as a percent)	2.71%
Amount outstanding at year end	$ 3,718,758
Average for the year	$ 285,127
Average rate for the year	2.35%
Principal payments on long term debt obligations
Total	$ 3,718,758
Regal Bancorp Inc. | Trust 1 Floating 90-day Libor plus 2.85 , due 2014
Long term borrowings
Fixed interest rate (as a percent)	3.18%
Amount outstanding at year end	$ 4,000,000
Acquisition fair value adjustment	(1,647,400)
Principal payments on long term debt obligations
Total	$ 4,000,000
Regal Bancorp Inc. | Trust 2 Floating 90-day LIBOR plus 1.60 %, due 2035
Long term borrowings
Fixed interest rate (as a percent)	1.94%
Amount outstanding at year end	$ 2,500,000
Acquisition fair value adjustment	(1,335,842)
Principal payments on long term debt obligations
Total	$ 2,500,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transactions
Amounts paid to related parties	$ 276,618	$ 275,530	$ 266,059
Directors, executive officers and their affiliated companies
Related Party Transactions
Related party deposits liability	9,421,751	11,986,023
Changes in amounts of loans outstanding to directors and executive officers or their affiliated companies
Balance at beginning of year	792,900	4,744,365
Additions	1,848,429	311,000
Resignation of Director		(4,227,654)
Repayments	(169,380)	(34,811)
Balance at end of year	$ 2,471,949	$ 792,900	$ 4,744,365

Income Taxes - Components of de

Income Taxes - Components of deferred income taxes - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current
Federal	$ 2,221,756	$ 4,598,625	$ 2,147,375
State	664,113	202,791	713,723
Current	2,885,869	4,801,416	2,861,098
Deferred
Federal	1,993,829	(2,551,506)
Deferred State and Local Income Tax Expense (Benefit)	502,692	444,194	740,985
Deferred	2,496,521	(2,107,312)	740,985
Income tax expense	5,382,390	2,694,104	3,602,083
Components of deferred income taxes
Provision for loan losses	(247,708)	21,173	(555,836)
Non-accrual interest	127,487	(44,874)	(122,216)
Impairment losses and expenses on other real estate owned	668,696		1,035,745
Director stock options	37,010	(50,658)	37,074
Deferred compensation plans	(100,931)	(67,673)	(116,672)
Deferred loan origination costs, net	80,618	161,565	126,019
Depreciation		(205,139)	(4,948)
Mark-to-market tax accounting for acquired securities		714,510	186,939
Net operating loss carryover	2,559,903		682,887
Accretion of fair value adjustments for acquired assets and liabilities	(803,424)	466,554
Non-compete and consulting agreements	9,205	(2,301)	(36,815)
Core deposit intangible amortization	312,542	(341,872)	(330,822)
Defined benefit plan			(85,784)
Other	759,489	(2,758,597)	(74,586)
AMT	906,366
Deferred	2,496,521	(2,107,312)	740,985
Bancshares (Parent Company)
Deferred
Income tax expense	$ (184,871)	$ (203,472)	$ (97,767)

Income Taxes - Components of ne

Income Taxes - Components of net deferred tax asset - (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets
Allowance for loan losses	$ 3,019,305	$ 1,688,970
Non-accrual interest	134,435	167,090
Impairment losses and expenses on other real estate owned	429,483	3,429,286
Director stock options	6,667	67,167
Deferred compensation plans	2,043,773	1,917,273
Net operating loss carryover	7,628,214	5,882,452
AMT Credit Carryover	1,764,687
Fair value adjustments for acquired assets and liabilities	4,848,713	5,023,533
Investment impairment loss	48,320	48,320
Non-compete agreements	94,340	103,543
Other	2,077,428	2,214,192
Net unrealized loss on securities available for sale	(24,883)	95,917
Deferred tax assets	22,070,482	20,637,743
Deferred tax liabilities
Deferred loan origination costs, net	219,033	138,415
Depreciation	2,927,779	2,649,047
Core deposit intangible amortization	1,716,341	1,743,783
Deferred tax liabilities	4,863,153	4,531,245
Net deferred tax asset before valuation allowance	17,207,329	16,106,498
Net deferred tax asset	13,820,679	$ 16,106,498
Valuation allowance for deferred tax asset	$ (3,386,650)

Income Taxes - Valuation allowa

Income Taxes - Valuation allowance - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income taxes
Unrecognized tax benefit	$ 0
Reconciliation of the differences between the federal income tax rate and effective tax rate
Statutory federal income tax rate (as a percent)	34.00%	34.00%	34.00%
Increase (decrease) resulting from
State income taxes, net of federal income tax benefit (as a percent)	4.70%	4.30%	4.90%
Bank owned life insurance (as a percent)	(1.90%)	(2.90%)	(2.10%)
Other tax exempt income (as a percent)	(5.70%)	(9.10%)	(8.10%)
Stock based compensation awards (as a percent)	0.60%	0.60%	0.40%
Other non-deductible expenses (as a percent)	1.20%	0.50%	2.70%
Reduction of valuation allowance for deferred tax asset (as a percent)	1.00%
Effective tax rate (as a percent)	33.90%	27.40%	31.80%
Maryland Bankcorp
Income taxes
Net operating loss deducted in the year	$ 779,812
Maryland Bankcorp | 2030
Income taxes
Operating Loss Carryforwards	3,540,000
WSB Holdings, Inc.
Income taxes
Net operating loss deducted in the year	1,477,746
WSB Holdings, Inc. | 2033
Income taxes
Operating Loss Carryforwards	12,100,000
Regal Bancorp Inc.
Income taxes
Net operating loss deducted in the year	182,620
Increase in deferred tax asset on acquisition	3,600,000
Regal Bancorp Inc. | 2035
Income taxes
Operating Loss Carryforwards	$ 8,700,000

Employee Benefits (Details)

Employee Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Employee Benefits
Pension plan liability	$ 5,336,509	$ 5,095,141
Employees contribution under 401(k) (as a percent)	4.00%
Employer's contributions to the plan	$ 506,325	474,028	$ 439,647
Accrued liability for SERPs	5,300,000	5,100,000
Expenses recognized for SERPs	$ 617,888	$ 535,331	$ 608,890

Employee Benefits - Stock optio

Employee Benefits - Stock options - (Details) - Stock options - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Number of shares
Outstanding, beginning of year (in shares)	393,162	362,983	398,958
Options granted (in shares)	50,594	50,739	57,712
Options exercised (in shares)	(74,800)	(20,560)	(79,148)
Options forfeited (in shares)			(14,539)
Outstanding, end of year (in shares)	368,956	393,162	362,983
Weighted average exercise price
Outstanding, beginning of year (in dollars per share)	$ 10.14	$ 9.19	$ 8.71
Options granted (in dollars per share)	14.38	16.76	12.15
Options exercised (in dollars per share)	10.34	9.65	8.83
Options forfeited (in dollars per share)			9.70
Outstanding, end of year (in dollars per share)	$ 9.82	$ 10.14	$ 9.19

Employee Benefits - Options by

Employee Benefits - Options by range of exercise price - (Details)	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares
Outstanding Options
Number of shares at the end of the period | shares	368,956
Weighted average remaining years	4 years 11 months 12 days
Weighted average exercise price (in dollars per share)	$ 9.82
Exercisable options
Number of shares at the end of the period | shares	292,204
Weighted average exercise price (in dollars per share)	$ 9.25
Intrinsic value of outstanding options and exercisable options
Intrinsic value of vested exercisable options where the market value exceeds the exercise price (in dollars) | $	$ 2,308,035
Intrinsic value of outstanding options where the market value exceeds the exercise price (in dollars) | $	$ 2,859,559
$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)	$ 9.04
Outstanding Options
Number of shares at the end of the period | shares	207,030
Weighted average remaining years	5 years 1 month 24 days
Weighted average exercise price (in dollars per share)	$ 7.25
Exercisable options
Number of shares at the end of the period | shares	173,236
Weighted average exercise price (in dollars per share)	$ 7.28
$7.51-8.75
Information related to options
Range of exercise prices, low end of the range (in dollars per share)	9.05
Range of exercise prices, high end of the range (in dollars per share)	$ 11.79
Outstanding Options
Number of shares at the end of the period | shares	45,200
Weighted average remaining years	1 year 9 months 11 days
Weighted average exercise price (in dollars per share)	$ 10.19
Exercisable options
Number of shares at the end of the period | shares	40,199
Weighted average exercise price (in dollars per share)	$ 10.55
$11.80-14.54
Information related to options
Range of exercise prices, low end of the range (in dollars per share)	11.80
Range of exercise prices, high end of the range (in dollars per share)	$ 14.54
Outstanding Options
Number of shares at the end of the period | shares	65,987
Weighted average remaining years	4 years 11 months 16 days
Weighted average exercise price (in dollars per share)	$ 13.21
Exercisable options
Number of shares at the end of the period | shares	50,657
Weighted average exercise price (in dollars per share)	$ 13.21
$14.54-17.00
Information related to options
Range of exercise prices, low end of the range (in dollars per share)	14.54
Range of exercise prices, high end of the range (in dollars per share)	$ 17
Outstanding Options
Number of shares at the end of the period | shares	50,739
Weighted average remaining years	7 years 10 months 24 days
Weighted average exercise price (in dollars per share)	$ 16.76
Exercisable options
Number of shares at the end of the period | shares	28,112
Weighted average exercise price (in dollars per share)	$ 16.76

Employee Benefits - Fair values

Employee Benefits - Fair values of the options - (Details) - Stock options - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Employee benefits
Unrecognized compensation cost related to non-vested stock options	$ 560,957
Period over which unrecognized compensation cost is expected to be realized	3 years
Fair values of the options granted and weighted-average assumptions used to calculate the fair values
Expected dividends (as a percent)	1.00%	1.00%	1.00%
Risk free interest rate (as a percent)	0.39%	0.39%	0.80%
Expected volatility (as a percent)	30.76%	30.60%	32.20%
Weighted average volatility (as a percent)	10.65%	10.13%	28.91%
Expected life in years			6 years 6 months
Weighted average fair value of options granted (in dollars per share)	$ 5.09	$ 2.63	$ 2.37
Minimum
Fair values of the options granted and weighted-average assumptions used to calculate the fair values
Expected life in years	5 years 6 months	5 years 6 months
Maximum
Fair values of the options granted and weighted-average assumptions used to calculate the fair values
Expected life in years	6 years	6 years

Employee Benefits - Summary of

Employee Benefits - Summary of the restricted stock awards - (Details) - Restricted stock - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Employee benefits
Unrecognized compensation cost related to non-vested restricted stock awards	$ 358,222
Period over which unrecognized compensation cost is expected to be realized	3 years
Number of shares
Nonvested, beginning of period (in shares)	8,522	9,436	16,210
Restricted stock granted (in shares)	30,725	8,257	8,382
Restricted stock vested (in shares)	(11,369)	(9,171)	(13,125)
Restricted stock forfeited (in shares)			(2,031)
Nonvested, end of period (in shares)	27,878	8,522	9,436
Weighted average grant date fair value
Nonvested, beginning of period (in dollars per share)	$ 13.35	$ 9.57	$ 7.70
Restricted stock granted (in dollars per share)	15.31	16.76	12.04
Restricted stock vested (in dollars per share)	11.19	12.53	8.86
Restricted stock forfeited (in dollars per share)			9.44
Nonvested, end of period (in dollars per share)	$ 15.52	$ 13.35	$ 9.57
Additional disclosures
Total fair value of shares vested (in dollars)	$ 148,630	$ 114,878	$ 141,263
Intrinsic value of non-vested restricted stock awards where the market value exceeds the exercise price (in dollars)	489,816	134,818	136,822
Intrinsic value of vested restricted stock awards where the market value exceeds the exercise price (in dollars)	$ 199,753	$ 145,085	$ 190,313
2013 Awards
Number of shares
Restricted stock vested (in shares)	(27,878)
Vesting Date, 2/26/2016 | 2013 Awards
Number of shares
Restricted stock vested (in shares)	(1,353)
Vesting Date, 2/25/2018 | 2013 Awards
Number of shares
Restricted stock vested (in shares)	(5,128)
Vesting Date, 7/2/2018 | 2013 Awards
Number of shares
Restricted stock vested (in shares)	(21,397)

Capital Standards (Details)

Capital Standards (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Actual Amount
Total capital (to risk weighted assets)	$ 131,803	$ 121,900
Tier 1 capital (to risk weighted assets)	126,670	117,750
Tier 1 capital (to average assets)	126,670	$ 117,750
Common Equity Tier 1 (to risk-weighted assets)	$ 126,670
Actual Ratio
Total capital (to risk weighted assets) (as a percent)	11.10%	12.70%
Tier 1 capital (to risk weighted assets) (as a percent)	10.70%	12.30%
Tier 1 capital (to average assets) (as a percent)	9.10%	9.90%
Common Equity Tier 1 (to risk-weighted assets)	10.70%
Minimum capital adequacy, Amount
Total capital (to risk weighted assets)	$ 95,185	$ 76,658
Tier 1 capital (to risk weighted assets)	71,389	38,329
Tier 1 capital (to average assets)	55,600	$ 47,800
Common Equity Tier 1 (to risk-weighted assets)	$ 53,542
Minimum capital adequacy, Ratio
Total capital (to risk weighted assets) (as a percent)	8.00%	8.00%
Tier 1 capital (to risk weighted assets) (as a percent)	6.00%	4.00%
Tier 1 capital (to average assets) (as a percent)	4.00%	4.00%
Common Equity Tier 1 (to risk-weighted assets)	4.50%
To be well capitalized, Amount
Total capital (to risk weighted assets)	$ 118,982	$ 95,822
Tier 1 capital (to risk weighted assets)	95,185	57,493
Tier 1 capital (to average assets)	69,500	$ 59,750
Common Equity Tier 1 (to risk-weighted assets)	$ 77,338
To be well capitalized, Ratio
Total capital (to risk weighted assets) (as a percent)	10.00%	10.00%
Tier 1 capital (to risk weighted assets) (as a percent)	8.00%	6.00%
Tier 1 capital (to average assets) (as a percent)	5.00%	5.00%
Common Equity Tier 1 (to risk-weighted assets)	6.50%
Old Line Bank
Actual Amount
Total capital (to risk weighted assets)	$ 133,780	$ 115,896
Tier 1 capital (to risk weighted assets)	128,648	111,942
Tier 1 capital (to average assets)	128,648	$ 111,942
Common Equity Tier 1 (to risk-weighted assets)	$ 128,648
Actual Ratio
Total capital (to risk weighted assets) (as a percent)	11.30%	12.10%
Tier 1 capital (to risk weighted assets) (as a percent)	10.80%	11.70%
Tier 1 capital (to average assets) (as a percent)	9.30%	9.40%
Common Equity Tier 1 (to risk-weighted assets)	10.80%
Minimum capital adequacy, Amount
Total capital (to risk weighted assets)	$ 95,062	$ 68,529
Tier 1 capital (to risk weighted assets)	71,297	34,264
Tier 1 capital (to average assets)	55,600	$ 47,800
Common Equity Tier 1 (to risk-weighted assets)	$ 53,473
Minimum capital adequacy, Ratio
Total capital (to risk weighted assets) (as a percent)	8.00%	8.00%
Tier 1 capital (to risk weighted assets) (as a percent)	6.00%	4.00%
Tier 1 capital (to average assets) (as a percent)	4.00%	4.00%
Common Equity Tier 1 (to risk-weighted assets)	4.50%
To be well capitalized, Amount
Total capital (to risk weighted assets)	$ 118,828	$ 85,661
Tier 1 capital (to risk weighted assets)	95,062	51,397
Tier 1 capital (to average assets)	69,500	$ 59,753
Common Equity Tier 1 (to risk-weighted assets)	$ 77,238
To be well capitalized, Ratio
Total capital (to risk weighted assets) (as a percent)	10.00%	10.00%
Tier 1 capital (to risk weighted assets) (as a percent)	8.00%	6.00%
Tier 1 capital (to average assets) (as a percent)	5.00%	5.00%
Common Equity Tier 1 (to risk-weighted assets)	6.50%

Commitments and Contingencies -

Commitments and Contingencies - Commitments to extend credit and available credit lines - (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Commitments to extend credit
Commitments
Commitments to extend credit and available credit lines	$ 145,530,928	$ 142,950,762
Commitments to extend credit | Commercial
Commitments
Commitments to extend credit and available credit lines	82,874,665	69,346,793
Commitments to extend credit | Commercial Real Estate
Commitments
Commitments to extend credit and available credit lines	43,078,641	57,878,474
Commitments to extend credit | Consumer
Commitments
Commitments to extend credit and available credit lines	19,577,622	15,725,495
Standby letters of credit
Commitments
Commitments to extend credit and available credit lines	$ 17,442,148	$ 15,725,495

Commitments and Contingencies86

Commitments and Contingencies - Lease locations - (Details) - Pointer Ridge - USD ($)	Aug. 25, 2006	Dec. 31, 2015
Lease commitments
Percentage of lease commitments eliminated in consolidation		62.50%
Original principal amount	$ 6,600,000
Percentage of assets leased from party	95.00%
Percentage of loan guaranteed by the company	62.50%

Commitments and Contingencies87

Commitments and Contingencies - Future minimum lease commitments - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Future minimum lease commitments under the operating leases
2,016	$ 2,509
2,017	2,296
2,018	1,925
2,019	1,476
2,020	944
Remaining	4,955
Future minimum lease commitments	14,105
Rent expense	$ 1,746,170	$ 2,066,656	$ 1,864,738

Fair Value Measurement (Details

Fair Value Measurement (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
Assets and liabilities measured at fair value
Gain on the sale of equity securities	$ 96,993
Fair Value Assets transfers amount		$ 0
Fair Value liabilities transfers amount		0
Available-for-sale	161,680,198	194,705,675
U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale	3,006,150	3,000,000
U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale	37,656,332	36,606,663
Municipal securities
Assets and liabilities measured at fair value
Available-for-sale	43,546,161	50,202,706
FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale	20,470,947	21,763,157
FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	17,866,806	49,101,471
GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	33,139,345	29,418,009
SBA loan pools
Assets and liabilities measured at fair value
Available-for-sale	5,994,457	4,613,669
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets and liabilities measured at fair value
Available-for-sale	3,006,000	3,000,000
Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Available-for-sale	158,674,000	191,706,000
Carrying Value
Assets and liabilities measured at fair value
Available-for-sale	161,680,000	194,706,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets and liabilities measured at fair value
Available-for-sale	3,006,000	3,000,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale	3,006,000	3,000,000
Recurring basis | Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Available-for-sale	158,674,000	191,706,000
Recurring basis | Other Observable Inputs (Level 2) | U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale	37,656,000	36,607,000
Recurring basis | Other Observable Inputs (Level 2) | Municipal securities
Assets and liabilities measured at fair value
Available-for-sale	43,546,000	50,203,000
Recurring basis | Other Observable Inputs (Level 2) | FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale	20,471,000	21,763,000
Recurring basis | Other Observable Inputs (Level 2) | FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	17,867,000	49,101,000
Recurring basis | Other Observable Inputs (Level 2) | GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	33,139,000	29,418,000
Recurring basis | Other Observable Inputs (Level 2) | SBA loan pools
Assets and liabilities measured at fair value
Available-for-sale	5,995,000	4,614,000
Recurring basis | Carrying Value
Assets and liabilities measured at fair value
Available-for-sale	161,680,000	194,706,000
Recurring basis | Carrying Value | U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale	3,006,000	3,000,000
Recurring basis | Carrying Value | U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale	37,656,000	36,607,000
Recurring basis | Carrying Value | Municipal securities
Assets and liabilities measured at fair value
Available-for-sale	43,546,000	50,203,000
Recurring basis | Carrying Value | FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale	20,471,000	21,763,000
Recurring basis | Carrying Value | FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	17,867,000	49,101,000
Recurring basis | Carrying Value | GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	33,139,000	29,418,000
Recurring basis | Carrying Value | SBA loan pools
Assets and liabilities measured at fair value
Available-for-sale	$ 5,995,000	$ 4,614,000

Fair Value Measurement - Assets

Fair Value Measurement - Assets measured at fair value on a nonrecurring basis - (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)
Assets and liabilities measured at fair value
Impaired Loans	$ 7,056,609	$ 7,283,210
Additional disclosures
Number of components in which the other real estate owned were segmented | item	2
Legacy
Assets and liabilities measured at fair value
Impaired Loans	$ 6,057,441
Acquired
Assets and liabilities measured at fair value
Impaired Loans	$ 999,168	2,262,363
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)	50.00%
Discounts in certain cases (as a percent)	75.00%
Nonrecurring basis | Significant Unobservable Inputs (Level 3)
Assets and liabilities measured at fair value
Impaired Loans	$ 7,291,000	7,047,000
Other real estate owned	2,472,000	2,452,000
Assets	9,763,000	9,499,000
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Legacy
Assets and liabilities measured at fair value
Impaired Loans	5,333,000	4,805,000
Other real estate owned	425,000	475,000
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Acquired
Assets and liabilities measured at fair value
Impaired Loans	1,958,000	2,242,000
Other real estate owned	2,047,000	1,977,000
Nonrecurring basis | Carrying Value
Assets and liabilities measured at fair value
Impaired Loans	7,291,000	7,047,000
Other real estate owned	2,472,000	2,452,000
Assets	9,763,000	9,499,000
Nonrecurring basis | Carrying Value | Legacy
Assets and liabilities measured at fair value
Impaired Loans	5,333,000	4,805,000
Other real estate owned	425,000	475,000
Nonrecurring basis | Carrying Value | Acquired
Assets and liabilities measured at fair value
Impaired Loans	1,958,000	2,242,000
Other real estate owned	$ 2,047,000	$ 1,977,000

Fair Value Measurement - Estima

Fair Value Measurement - Estimated fair value of financial instruments - (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets:
Loans held-for-sale	$ 8,277,775	$ 4,753,995
Investment securities available for sale	194,705,675	161,680,198
Bank Owned Life Insurance	36,606,105	31,429,747
Accrued interest receivable	3,814,546	3,218,428
Liabilities:
Non-interest bearing	328,549,405	260,913,521
Interest bearing	907,330,561	754,825,885
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	43,701,000	25,405,000
Investment securities available for sale	3,000,000	3,006,000
Other Observable Inputs (Level 2)
Assets:
Loans held-for-sale	8,397,000	4,754,000
Investment securities available for sale	191,706,000	158,674,000
Equity securities at cost	4,942,000	5,812,000
Bank Owned Life Insurance	36,606,000	31,430,000
Accrued interest receivable	908,000	883,000
Liabilities:
Non-interest bearing	328,549,000	260,914,000
Interest bearing	908,356,000	760,503,000
Short term borrowings	107,557,000	61,003,000
Long term borrowings	9,593,000	5,987,000
Accrued interest payable	417,000	266,000
Significant Unobservable Inputs (Level 3)
Assets:
Loans receivable, net	1,153,976,000	935,397,000
Accrued interest receivable	2,907,000	2,335,000
Carrying Value
Assets:
Cash and cash equivalents	43,701,000	25,405,000
Loans receivable, net	1,147,035,000	926,573,000
Loans held-for-sale	8,112,000	4,548,000
Investment securities available for sale	194,706,000	161,680,000
Equity securities at cost	4,942,000	5,812,000
Bank Owned Life Insurance	36,606,000	31,430,000
Accrued interest receivable	3,815,000	3,218,000
Liabilities:
Non-interest bearing	328,549,000	260,914,000
Interest bearing	907,331,000	754,826,000
Short term borrowings	107,557,000	61,003,000
Long term borrowings	9,593,000	5,987,000
Accrued interest payable	417,000	266,000
Total Estimated Fair Value
Assets:
Cash and cash equivalents	43,701,000	25,405,000
Loans receivable, net	1,153,976,000	935,397,000
Loans held-for-sale	8,397,000	4,754,000
Investment securities available for sale	194,706,000	161,680,000
Equity securities at cost	4,942,000	5,812,000
Bank Owned Life Insurance	36,606,000	31,430,000
Accrued interest receivable	3,815,000	3,218,000
Liabilities:
Non-interest bearing	328,549,000	260,914,000
Interest bearing	908,356,000	760,503,000
Short term borrowings	107,557,000	61,003,000
Long term borrowings	9,593,000	5,987,000
Accrued interest payable	$ 417,000	$ 266,000

Other Operating Expenses (Detai

Other Operating Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Operating Expenses
Legal Expenses	$ 337,033	$ 458,672	$ 391,301
Pointer Ridge other operating	201,966	202,889	409,071
Other	5,620,144	5,386,307	4,519,521
Total	$ 6,159,143	$ 6,047,868	$ 5,319,893

Parent Company-Condensed Fina92

Parent Company-Condensed Financial Information - Condensed Balance Sheets - (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 40,239,384	$ 23,572,613
Other assets	4,567,038	3,779,350
Total assets	1,510,088,889	1,227,519,004
Stockholders' equity
Common stock	108,026	108,110
Additional paid-in capital	105,293,606	105,235,646
Retained earnings	38,290,876	30,067,798
Accumulated other comprehensive income (loss)	38,200	(147,250)
Total Old Line Bancshares, Inc. stockholders' equity	143,730,708	135,264,304
Total liabilities and stockholders' equity	1,510,088,889	1,227,519,004
Bancshares (Parent Company)
Assets
Cash and due from banks	268,607	4,450,013
Other assets	107,717	402,528
Total assets	147,678,271	134,745,373
Liabilities and Stockholders' Equity
Accounts payable	228,805	(518,931)
Borrowings	3,718,758
Stockholders' equity
Common stock	108,026	108,110
Additional paid-in capital	105,293,606	105,235,646
Retained earnings	38,290,876	30,067,798
Accumulated other comprehensive income (loss)	38,200	(147,250)
Total Old Line Bancshares, Inc. stockholders' equity	143,730,708	135,264,304
Total liabilities and stockholders' equity	147,678,271	134,745,373
Real Estate LLC
Assets
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	430,302	437,222
MD Statuory Trust
Assets
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	202,000
Old Line Bank
Assets
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 146,669,645	$ 129,455,610

Parent Company-Condensed Fina93

Parent Company-Condensed Financial Information - Condensed Statements of Income - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest and dividend income (expense)
Interest expense on loans	$ 47,948,411	$ 41,723,378	$ 40,206,378
Total interest income	51,452,794	45,603,246	44,262,838
Non-interest income (loss)	6,844,995	5,956,924	8,870,182
Non-interest expense	36,275,683	35,046,335	36,077,289
Income before income taxes	15,846,824	9,786,815	11,349,288
Income tax expense (benefit)	5,382,390	2,694,104	3,602,083
Bancshares (Parent Company)
Interest and dividend income (expense)
Dividend from Old Line Bank	2,245,508	1,941,777	1,490,941
Interest income on money market and certificates of deposit	1,581	10,109	2,869
Interest expense on loans	(9,081)	(9,483)
Total interest income	2,238,008	1,942,403	1,493,810
Non-interest income (loss)	(6,920)	12,351	(50,326)
Non-interest expense	982,216	611,425	943,022
Income before income taxes	1,248,872	1,343,329	500,462
Income tax expense (benefit)	(184,871)	(203,472)	(97,767)
Net income before income loss from Old Line Bank	1,433,743	1,546,801	598,229
Undistributed net income of Old Line Bank	9,034,843	5,583,499	7,240,600
Net income	$ 10,468,586	$ 7,130,300	$ 7,838,829

Parent Company-Condensed Fina94

Parent Company-Condensed Financial Information - Statements of Cash Flows - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities
Income taxes	$ (415,220)	$ 1,156,324	$ 714,783
Net cash provided by operating activities	14,002,256	10,206,801	15,600,969
Cash flows from investing activities
Cash and cash equivalents of acquired company	6,344,304		38,846,599
Net cash provided by investing activities	(135,474,897)	(64,942,641)	16,250,283
Cash flows from financing activities
Proceeds from stock options exercised, including tax benefit	816,213	277,161	814,101
Acquisition cash consideration	(2,852,321)		(16,966,208)
Cash dividends paid-common stock	(2,245,508)	(1,941,777)	(1,490,941)
Net cash used in financing activities	139,768,597	51,082,276	(31,483,713)
Net increase (decrease) in cash and cash equivalents	18,295,956	(3,653,564)	367,539
Cash and cash equivalents at beginning of year	25,404,736	29,058,300	28,690,761
Cash and cash equivalents at end of year	43,700,692	25,404,736	29,058,300
Reconciliation of net income to net cash provided (used) by operating activities
Net income	10,464,434	7,092,711	7,747,205
Adjustments to reconcile net income to net cash provided (used) by operating activities
Stock based compensation awards	418,419	336,652	230,743
Increase (decrease) in other liabilities	(1,531,062)	467,726	(2,034,253)
(Increase) decrease in other assets	(13,821)	4,512,293	4,046,404
Net cash provided by operating activities	14,002,256	10,206,801	15,600,969
Bancshares (Parent Company)
Cash flows from operating activities
Interest and dividends received	2,247,089	1,951,886	1,493,810
Reimbursement received (cash paid) for operating expenses	(305,388)	(494,806)	(643,211)
Net cash provided by operating activities	1,941,701	1,457,080	850,599
Cash flows from investing activities
Cash and cash equivalents of acquired company	(2,646,577)		(10,000,000)
Net cash provided by investing activities	(2,646,577)		(10,000,000)
Cash flows from financing activities
Proceeds from stock options exercised, including tax benefit	815,843	277,161	814,101
Proceeds from issuance of common stock	(4,899,186)		12,177,568
Acquisition cash consideration	2,852,321		2,098,535
Cash dividends paid-common stock	(2,245,508)	(1,941,777)	(1,490,941)
Net cash used in financing activities	(3,476,530)	(1,664,616)	13,599,263
Net increase (decrease) in cash and cash equivalents	(4,181,406)	(207,536)	4,449,862
Cash and cash equivalents at beginning of year	4,450,013	4,657,549	207,687
Cash and cash equivalents at end of year	268,607	4,450,013	4,657,549
Reconciliation of net income to net cash provided (used) by operating activities
Net income	10,468,586	7,130,300	7,838,829
Adjustments to reconcile net income to net cash provided (used) by operating activities
Undistributed net income of Old Line Bank	(9,034,843)	(5,583,499)	(7,240,600)
Stock based compensation awards	418,419	336,652	230,743
(Income) loss from investment in real estate LLC	6,920	62,649	152,707
Increase (decrease) in other liabilities	(212,192)	(874,776)	315,874
(Increase) decrease in other assets	294,811	385,754	(446,954)
Net cash provided by operating activities	$ 1,941,701	$ 1,457,080	$ 850,599