Old Line Bancshares (OLBK) 10-Q 6 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 30, 2016
Document and Entity Information
Entity Registrant Name	OLD LINE BANCSHARES INC
Entity Central Index Key	1,253,317
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		10,802,560
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 34,108,645	$ 40,239,384
Interest bearing accounts	1,150,474	1,135,263
Federal funds sold	325,606	2,326,045
Total cash and cash equivalents	35,584,725	43,700,692
Investment securities available for sale-at fair value	190,749,087	194,705,675
Loans held for sale, fair value of $4,348,156 and $8,277,775	4,148,506	8,112,488
Loans held for investment (net of allowance for loan losses of $5,705,857 and $4,909,818, respectively)	1,175,828,165	1,147,034,715
Equity securities at cost	5,710,845	4,942,346
Premises and equipment	35,995,176	36,174,978
Accrued interest receivable	3,655,444	3,814,546
Deferred income taxes	12,828,069	13,820,679
Bank owned life insurance	36,843,873	36,606,105
Other real estate owned	2,698,344	2,472,044
Goodwill	9,786,357	9,786,357
Core deposit intangible	4,124,985	4,351,226
Other assets	5,062,691	4,567,038
Total assets	1,523,016,267	1,510,088,889
Deposits
Non-interest bearing	328,797,753	328,549,405
Interest bearing	904,751,898	907,330,561
Total deposits	1,233,549,651	1,235,879,966
Short term borrowings	118,571,030	107,557,246
Long term borrowings	9,561,842	9,593,318
Accrued interest payable	448,677	416,686
Income taxes payable	4,721,336	3,615,677
Supplemental executive retirement plan	5,405,763	5,336,509
Other liabilities	4,473,968	3,700,598
Total liabilities	1,376,732,267	1,366,100,000
Stockholders' equity
Common stock, par value $0.01 per share; 25,000,000 shares authorized; 10,802,560 shares issued and outstanding in 2016 and 2015	108,026	108,026
Additional paid-in capital	105,408,038	105,293,606
Retained earnings	39,793,541	38,290,876
Accumulated other comprehensive income (loss)	717,881	38,200
Total Old Line Bancshares, Inc. stockholders' equity	146,027,486	143,730,708
Non-controlling interest	256,514	258,181
Total stockholders' equity	146,284,000	143,988,889
Total liabilities and stockholders' equity	$ 1,523,016,267	$ 1,510,088,889

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Consolidated Balance Sheets
Loans held for sale, fair value (in dollars)	$ 4,348,156	$ 8,277,775
Loans held for investment, allowance for loan losses (in dollars)	$ 5,705,857	$ 4,909,818
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	10,802,560
Common stock, shares outstanding	10,802,560	10,802,560

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest Income
Loans, including fees	$ 13,057,180	$ 11,621,493
U.S. treasury securities	3,778	2,606
U.S. government agency securities	125,732	133,358
Mortgage backed securities	513,305	373,010
Municipal securities	359,436	314,984
Federal funds sold	1,125	176
Other	97,770	61,950
Total interest income	14,158,326	12,507,577
Interest expense
Deposits	1,270,421	910,957
Borrowed funds	275,659	134,716
Total interest expense	1,546,080	1,045,673
Net interest income	12,612,246	11,461,904
Provision for loan losses	778,611	561,731
Net interest income after provision for loan losses	11,833,635	10,900,173
Non-interest income
Service charges on deposit accounts	411,337	415,202
Gains on sales or calls of investment securities	76,998	60,694
Earnings on bank owned life insurance	282,186	248,384
Gain (loss) on disposal of assets		19,975
Rental Income	209,892	210,188
Gain on the sale of loans	377,138	354,650
Other fees and commissions	626,102	522,816
Total non-interest income	1,983,653	1,831,909
Non-interest expense
Salaries and benefits	5,376,552	4,217,370
Occupancy and equipment	1,724,553	1,399,877
Data processing	397,792	352,060
FDIC insurance and State of Maryland assessments	235,283	248,893
Merger and integration	359,481
Core deposit premium amortization	226,241	210,117
(Gain) loss on sales of other real estate owned	(4,208)	134,754
OREO expense	154,966	120,201
Directors Fees	168,800	170,000
Network services	136,895	181,663
Telephone	218,634	164,935
Other operating	1,629,530	1,491,744
Total non-interest expense	10,624,519	8,691,614
Income before income taxes	3,192,769	4,040,468
Income tax expense	1,043,366	1,295,035
Net income	2,149,403	2,745,433
Less: Net loss attributable to the non-controlling interest	(1,667)	(8,720)
Net income available to common stockholders	$ 2,151,070	$ 2,754,153
Basic earnings per common share (in dollars per share)	$ 0.20	$ 0.25
Diluted earnings per common share (in dollars per share)	0.20	0.25
Dividend per common share (in dollars per share)	$ 0.06	$ 0.05

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements of Comprehensive Income
Net income	$ 2,149,403	$ 2,745,433
Other comprehensive income (loss):
Unrealized gain on securities available for sale, net of taxes	726,303	814,794
Reclassification adjustment for realized gain on securities available for sale included in net income, net of taxes of $30,375 and $23,941, respectively	(46,622)	(36,753)
Other comprehensive income (loss)	679,681	778,041
Comprehensive Income	2,829,084	3,523,474
Comprehensive (loss) attributable to the non-controlling interest	(1,667)	(8,720)
Comprehensive income available to common stockholders	$ 2,830,751	$ 3,532,194

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements of Comprehensive Income
Unrealized gain (loss) on securities available for sale, taxes	$ 473,110	$ 530,750
Reclassification adjustment for realized gain on securities available for sale included in net income, taxes	$ 30,375	$ 23,941

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - 3 months ended Mar. 31, 2016 - USD ($)	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Non-controlling interest	Total
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
Increase (Decrease) in Stockholders' Equity
Net income attributable to Old Line Bancshares, Inc.			2,151,070			$ 2,151,070
Unrealized gain on securities available for sale, net of income tax benefit of $442,734				679,681		679,681
Net loss attributable to non-controlling interest					(1,667)	(1,667)
Stock based compensation awards		114,432				114,432
Common stock cash dividends $0.06 per share			(648,405)			(648,405)
Balance at Mar. 31, 2016	$ 108,026	$ 105,408,038	$ 39,793,541	$ 717,881	$ 256,514	$ 146,284,000
Balance (in shares) at Mar. 31, 2016	10,802,560					10,802,560

Consolidated Statement of Chan8

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical)	3 Months Ended
	Mar. 31, 2016USD ($)$ / shares
Consolidated Statement of Changes in Stockholders' Equity
Unrealized gain on securities available for sale, income tax expense (benefit) | $	$ 442,734
Dividend per common share (in dollars per share) | $ / shares	$ 0.06

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Interest received	$ 14,635,278	$ 12,769,066
Fees and commissions received	1,287,541	1,338,065
Interest paid	(1,514,089)	(1,027,252)
Cash paid to suppliers and employees	(9,281,979)	(10,016,207)
Originations of loans held for sale	(16,407,691)	(24,177,793)
Proceeds from the sale of loans held for sale	20,371,673	20,033,602
Income taxes paid	612,135
Net cash provided by operating activities	9,702,868	(1,080,519)
Cash flows from investing activities
Purchase of investment securities available for sale	(11,496,627)
Proceeds from disposal of investment securities
Available for sale at maturity, call or paydowns	16,441,001	4,419,496
Loans made, net of principal collected	(29,562,811)	(37,330,280)
Proceeds from sale of other real estate owned	4,208	659,776
Investments in other real estate owned	35,400
Redemption of equity securities	(768,499)	2,458,601
Purchase of premises and equipment	(475,094)	(145,781)
Proceeds from the sale of premises and equipment		19,975
Net cash provided by investing activities	(25,822,422)	(29,918,213)
Net increase (decrease) in
Time deposits	(16,470,778)	15,647,328
Other deposits	14,140,463	20,064,887
Short term borrowings	11,013,784	10,233,392
Long term borrowings	(31,476)	(28,798)
Private placement-common stock		(1,015,015)
Cash dividends paid-common stock	(648,406)	(540,547)
Net cash used in financing activities	8,003,587	44,361,247
Net increase (decrease) in cash and cash equivalents	(8,115,967)	13,362,515
Cash and cash equivalents at beginning of year	43,700,692	25,404,736
Cash and cash equivalents at end of year	35,584,725	38,767,251
Reconciliation of net income to net cash provided (used) by operating activities
Net income	2,149,403	2,745,433
Adjustments to reconcile net income to net cash provided (used) by operating activities
Depreciation and amortization	654,896	572,025
Provision for loan losses	778,611	561,731
Change in deferred loan fees net of costs	106,220	(9,853)
(Gain)/loss on sales or calls of securities	(76,998)	(60,694)
Amortization of premiums and discounts	211,630	225,529
Change in loans held for sale	3,963,982	(4,144,191)
(Gain)/loss on sale of loans	(377,138)	(354,650)
(Gain) loss on sales of other real estate owned	(4,208)	134,754
Write down of other real estate owned		57,375
Gain on sale of fixed assets		(19,975)
Amortization of intangible	226,241	210,117
Deferred income taxes	549,842	3,093,341
Stock based compensation awards	114,432	91,902
Increase (decrease) in:
Accrued interest payable	31,991	18,421
Income tax payable	1,105,659	(485,435)
Supplemental executive retirement plan	69,254	67,591
Other liabilities	773,370	4,710
Decrease (increase) in:
Accrued interest receivable	159,102	45,813
Bank owned life insurance	(237,768)	(213,254)
Income tax receivable		(1,312,872)
Other assets	(495,653)	(2,308,337)
Net cash provided by operating activities	9,702,868	$ (1,080,519)
Supplemental disclosure of noncash activities:
Loans transferred to other real estate owned	$ 261,700

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	OLD LINE BANCSHARE INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1. SUM MARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Description of Business - Old Line Bancshares, Inc. (Old Line Bancshares) was incorporated under the laws of the State of Maryland on April 11, 2003 to serve as the holding company of Old Line Bank. The primary business of Old Line Bancshares is to own all of the capital stock of Old Line Bank. We provide a full range of banking services to customers located in Anne Arundel, Baltimore, Calvert, Carroll, Charles, Montgomery, Prince George’s, and St. Mary’s Counties in Maryland and surrounding areas. Basis of Presentation and Consolidation - The accompanying condensed consolidated financial statements include the activity of Old Line Bancshares and its wholly owned subsidiary, Old Line Bank, and its majority owned subsidiary Pointer Ridge Office Investments, LLC (Pointer Ridge), a real estate investment company. We have eliminated all significant intercompany transactions and balances. We report the non-controlling interests in Pointer Ridge separately in the consolidated balance sheet. We report the income of Pointer Ridge attributable to Old Line Bancshares on the consolidated statement of income. The foregoing consolidated financial statements for the periods ended March 31, 2016 and 2015 are unaudited and have been prepared in accordance with U.S. generally accepted accounting principles (U . S . GAAP); however, in the opinion of management we have included all adjustments (comprising only normal recurring accruals) necessary for a fair presentation of the results of the interim period. We derived the balances as of December 31, 2015 from audited financial statements. These statements should be read in conjunction with Old Line Bancshares’ financial statements and accompanying notes included in Old Line Bancshares’ Form 10-K for the year ended December 31, 2015. We have made no significant changes to Old Line Bancshares’ accounting policies as disclosed in the Form 10-K. Use of E stimates - 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. Reclassifications - We have made certain reclassifications to the 2015 financial presentation to conform to the 2016 presentation. These reclassifications did not change net income or stockholders’ equity. 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. In 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 4. 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. The adoption of ASU 2014-12 did not have a material impact on our consolidated financial statements. 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.

Pointer Ridge Office Investment

Pointer Ridge Office Investment, LLC	3 Months Ended
	Mar. 31, 2016
Pointer Ridge Office Investment, LLC
Pointer Ridge Office Investment, LLC	2. POINTER RIDGE OFFICE INVESTMENT, LLC Old Line Bank has a 62.5% ownership of Pointer Ridge Office Investment, LLC and we have consolidated its results of operations from the date of acquisition. One of Old Line Bank’s directors owns a 12.5% interest in this investment. The following table summarizes the condensed Balance Sheets and Statements of Income information for Pointer Ridge Office Investment, LLC. March 31, December 31, Balance Sheets 2016 2015 Current assets $ $ Non-current assets Liabilities Equity Three Months Ended March 31, Statements of Income 2016 2015 Revenue $ $ Expenses Net loss $ $

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2016
Investment Securities
Investment Securities	3. INVESTMENT SECURITIES Presented below is a summary of the amortized cost and estimated fair value of securities. Gross Gross Amortized unrealized unrealized Estimated cost gains losses fair value March 31, 2016 Available for sale U.S. treasury $ $ — $ $ U.S. government agency Municipal securities Mortgage backed securities: FHLMC certificates — FNMA certificates GNMA certificates $ $ $ $ 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 — $ $ $ $ As of March 31, 2016 and December 31, 2015, securities with unrealized losses segregated by length of impairment were as follows: March 31, 2016 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 GNMA certificates Total unrealized losses $ $ $ $ $ $ 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 — — $ $ $ $ $ $ As of March 31 2016 and December 31, 2015, we had 15 and 23 investment securities , respectively, in an unrealized loss position greater than the 12 month time frame and 40 and 71 securities, respectively, in an unrealized loss position less than the 12 month time frame at March 31, 2016 and December 31, 2015. We consider all unrealized losses on securities as of March 31, 2016 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 March 31, 2016, we do not have the intent to sell any of the securities classified as available for sale and believe that it is more likely than not that we will not have to sell any such securities before a recovery of cost. In most cases, market interest rate fluctuations cause a temporary impairment in value. We expect the fair value to recover as the investments approach their maturity date or re-pricing date or if market yields for these investments decline. We do not believe that credit quality caused the impairment in any of these securities. Because we believe these impairments are temporary, we have not realized any loss in our consolidated statement of income. During the three months ended March 31, 2016, we received $16.4 million in proceeds from sales, maturities or calls and principal pay-downs on investment securities and realized gains of $144 thousand and realized losses of $67 thousand for total realized net gain of $77 thousand. Such sales, maturities or calls and principal pay-downs consisted of the sale three mortgage backed securities (MBS) pools, one municipal bond, one callable agency security and two municipal bonds during the three month period ending March 31, 2016. $11.5 million of the net proceeds of these transactions were used to purchase new investment securities and remainder for new loan originations. During the three month period ended March 31, 2015, we received $4.4 million in proceeds from sales, maturities or calls and principal pay-downs on investment securities, consisting of two municipal bonds that were called of which the remaining discount/accretion of $61 thousand was recorded as gain on sale of investments during the period. Contractual maturities and pledged securities at March 31, 2016 are shown below. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without prepayment penalties. We classify MBS based on maturity date. However, we receive payments on a monthly basis. Available for Sale Amortized Fair March 31, 2016 cost value Maturing Within one year $ $ Over one to five years Over five to ten years Over ten years $ $ Pledged securities $ $

LOANS

LOANS	3 Months Ended
	Mar. 31, 2016
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	4. LOANS Major classifications of loans held for investment are as follows: March 31, 2016 December 31, 2015 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 Inc. , the parent company o f The Washington Savings Bank (WSB ), i n May 2013, and Regal Bancorp, Inc. (“Regal”) , the parent company of Regal Bank & Trust (Regal Bank ), in December 2015, we have segmented the portfolio into two components, loans originated by Old Line 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, Old Line 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, hospitality and land acquisition and development. Commercial real estate loans totaled $792.1 million and $767.7 million at March 31, 2016 and December 31, 2015, respectively. 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 on 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 March 31, 2016, we had approximately $106.9 mi llion 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 owner occupied and investment properties. Our residential loan portfolio amounted to $262.3 million and $260.7 million at March 31, 2016 and December 31, 2015. 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 typicall y of twelve months or less. Old Line 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 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 Old Line 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 Installment Lending We offer various types of secured and unsecured consumer loans. We make consumer loans for personal, family or household purposes as a convenience to our customer base. 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 residential real estate loans. As a result of the Regal Bancorp acquisition, we have expanded our presence further north to Baltimore County and Carroll County, Maryland. 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 age analysis of the loans held for investment portfolio at March 31, 2016 and December 31, 2015. Age Analysis of Past Due Loans March 31, 2016 December 31, 2015 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-Investment — — — — — — First-Owner Occupied — — — — Land and A&D — — — — — — Commercial — — — — — — 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 loans: Total Loans $ $ $ $ $ $ We consider all non-performing loans and troubled debt restructurings (TDRs) to be impaired. We do not recognize interest income on non-performing loans during the time period that the loans are non-performing. We only recognize interest income on non-performing loans when we receive payment in full for all amounts due of all contractually required principle and interest, and the loan is current with its contractual terms. The tables below present our impaired loans at and for the periods ended March 31, 2016 and December 31, 2015. Impaired Loans March 31, 2016 Three months March 31, 2016 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: Owner Occupied — — $ — $ — — Commercial — With an allowance recorded: Commercial Real Estate: Owner Occupied Commercial Total legacy impaired Acquired (1) With no related allowance recorded: Commercial Real Estate: Owner Occupied — — Land and A&D — Residential Real Estate: First-Owner Investment — — First-Owner Occupied — Land and A&D — — Commercial — First-Owner Investment First-Owner Occupied Commercial — — — — — 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 the 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. Impaired Loans 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 — 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 the 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 March 31, 2016 consisted of six loans for $866 thousand compared to five loans at December 31, 2015 for $711 thousand. The following table includes the recorded investment in and number of modifications of TDRs for the three months ended March 31, 2016 and 2015. 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. We had no loans that were modified as a TDR that defaulted within twelve months of the modification date during the three month period ending March 31, 2016. Loans Modified as a TDR for the three months ended March 31, 2016 March 31, 2015 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 Commercial Real Estate — — — Residential Real Estate Non-Owner Occupied — — — Total Troubled Debt Restructurings $ $ — $ — $ — Acquired impaired loans The following table documents changes in the accretable (premium) discount on acquired impaired loans during the three months ended March 31, 2016 and 2015, along with the outstanding balances and related carrying amounts for the beginning and end of those respective periods. March 31, 2016 March 31, 2015 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 Receivable Carrying Amount At March 31, 2016 $ $ At December 31, 2015 At March 31, 2015 At December 31, 2014 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. 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 loan will be assessed for risk and, if necessary, evaluated for impairment. If the risk assessment rating is adversely changed and the loan is determined to not be impaired, the loan will be placed in a migration category and the credit mark established for the loan will be compared to the general reserve allocation that would be applied using the current allowance for loan losses formula for General Reserves. If the credit mark exceeds the allowance for loan losses formula for General Reserves, there will be no change to the allowance for loan losses. If the credit mark is less than the current allowance for loan losses formula for General Reserves, the allowance for loan losses will be increased by the amount of the shortfall by a provision recorded in the income statement. If the loan is deemed impaired, the loan will be subject to evaluation for loss exposure and a specific reserve. If the estimate of loss exposure exceeds the credit mark, the allowance for loan losses will be increased by the amount of the excess loss exposure through a provision. If the credit mark exceeds the estimate of loss exposure there will be no change to the allowance for loan losses. If a loan from the acquired loan portfolio is carrying a specific credit mark and a current evaluation determines that there has been an increase in loss exposure, the allowance for loan losses will be increased by the amount of the current loss exposure in excess of the credit mark. The following tables outline the class of loans by risk rating at March 31, 2016 and December 31, 2015: March 31, 2016 Account Balance 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 Commercial Substandard (7) Commercial Real Estate: Owner Occupied Investment Land and A&D — Residential Real Estate: First-Investment First-Owner Occupied — Land and A&D — Commercial Doubtful (8) — — — Loss (9) — — — Total $ $ $ December 31, 2015 Account Balance 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 Substandard (7) Commercial Real Estate: Owner Occupied Investment Land and A&D — Residential Real Estate: First-Investment First-Owner Occupied — Land and A&D — Commercial Doubtful (8) — — — Loss (9) — — — Total $ $ $ The following table details activity in the allowance for loan losses by portfolio segment for the three month period s ended March 31, 2016 and 2015. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Commercial Residential Three Months Ended March 31, 2016 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General 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 Three Months Ended March 31, 2015 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries Loans charged off — — Ending Balance $ $ $ $ $ Allowance allocated to: Legacy Loans: Individually evaluated for impairment $ $ — $ $ — $ Other loans not individually evaluated Acquired Loans: Individually evaluated for impairment — — Ending balance $ $ $ $ $ Our recorded investment in loans at March 31, 2016 and 2015 related to each balance in the allowance for probable loan losses by portfolio segment and disaggregated on the basis of our impairment methodology was as follows: Commercial Residential March 31, 2016 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 without specific reserve (ASC 310-30 at acquisition) — — — — — Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) Ending balance $ $ $ $ $ Commercial Residential March 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) — — Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) Ending balance $ $ $ $ $

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	3 Months Ended
	Mar. 31, 2016
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED	5. OTHER REAL ESTATE OWNED At March 31, 2016 and December 31, 2015, the fair value of other real estate owned was $2.7 million and $2.5 million, respectively. As a result of the acquisitions of MB&T, WSB and Regal Bank, we have segmented the other real estate owned (OREO) into two components, real estate obtained as a result of loans originated by Old Line Bank (legacy) and other real estate acquired from MB&T, WSB and Regal Bank or obtained as a result of loans originated by MB&T, WSB and Regal Bank (acquired). We are currently aggressively either marketing these properties for sale or improving them in preparation for sale. The following outlines the transactions in other real estate owned during the period. Three Months Ended March 31, 2016 Legacy Acquired Total Beginning balance $ $ $ Real estate acquired through foreclosure of loans — Additional credit quality adjustment of real estate owned — Sales/deposit on sales — Net realized gain on sale of real estate owned — Ending balance $ $ $ Residential Foreclosures and Repossessed Assets — Once all potential alternatives for reinstatement are exhausted, past due loans collateralized by residential real estate are referred for foreclosure proceedings in accordance with local requirements of the applicable jurisdiction. Once possession of the property collateralizing the loan is obtained, the repossessed property will be recorded within other assets either as other real estate owned or, where management has both the intent and ability to recover its losses through a government guarantee, as a foreclosure claim receivable. At March 31, 2016, residential foreclosures classified as other real estate owned totaled $772 thousand. Loans secured by residential real estate in process of foreclosure totaled $518 thousand at March 31, 2016 compared to $ 583 thousand at December 31, 2015.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2016
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE	6. EARNINGS PER COMMON SHARE We determine basic earnings per common share by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding giving retroactive effect to stock dividends. We calculate diluted earnings per common share by including the average dilutive common stock equivalents outstanding during the period. Dilutive common equivalent shares consist of stock options, calculated using the treasury stock method. Three Months Ended March 31, 2016 2015 Weighted average number of shares Dilutive average number of shares

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	3 Months Ended
	Mar. 31, 2016
STOCK BASED COMPENSATION
STOCK BASED COMPENSATION	7. STOCK BASED COMPENSATION For the three months ended March 31, 2016 and 2015, we recorded stock-based compensation expense of $114,432 and $ 91,902 , respectively. At March 31, 2016, there was $891,270 of total unrecognized compensation cost related to non-vested stock options and restricted stock awards that we expect to realize over the next 2.5 years. As of March 31, 2016, there were 324,992 shares remaining available for future issuance under the 2010 equity incentive plan. The officers did not exercise any options during the three month periods ended March 31, 2016 and March 31, 2015. For purposes of determining estimated fair value of stock options and restricted stock awards, we have computed the estimated fair values of all stock-based compensation using the Black-Scholes option pricing model and, for stock options and restricted stock awards granted prior to December 31, 2015, have applied the assumptions set forth in Old Line Bancshares’ Annual Report on Form 10-K for the year ended December 31, 2015. During the three months ended March 31, 2016 and 2015, we granted 58,927 and 50,597 stock options, respectively. The weighted average grant date fair value of these 2016 stock options is $5.38 and was computed using the Black-Scholes option pricing model under similar assumptions. During the three months ended March 31, 2016 and 2015, we granted 9,669 and 9,331 restricted common stock awards, respectively. The weighted average grant date fair value of these restricted stock awards is $17.75 at March 31, 2016. There were no restricted shares forfeited during the three month periods ending March 31, 2016 and 2015.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2016
Fair Value Measurement
Fair Value Measurement	8. 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 three months ended March 31, 2016 and year ended December 31, 201 5, there were no transfers between levels. At March 31, 2016, we hold, as part of our investment portfolio, available for sale securities reported at fair value consisting of municipal securities, U.S. government sponsored entities, 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 March 31, 2016 (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: U.S. Treasury securities $ $ $ — $ — $ — U.S. government agency — — — Municipal securities — — — FHLMC MBS — — — FNMA MBS — — — GNMA MBS — — — Total recurring assets at fair value $ $ $ $ — $ — 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: U.S. Treasury securities $ $ $ — $ — $ — U.S. government agency — — — Municipal securities — — — FHLMC MBS — — — FNMA MBS — — — GNMA MBS — — — SBA loan pools — — — Total recurring assets at fair value $ $ $ $ — $ — Our valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes our methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value. Furthermore, we have not comprehensively revalued the fair value amounts since the presentation dates, and therefore, estimates of fair value after the balance sheet date may differ significantly from the above presented amounts. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis We may be required from time to time, to measure certain assets at fair value on a non-recurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis at March 31, 2016 and December 31, 2015 are included in the tables below. We also measure certain non-financial assets such as other real estate owned, TDRs, and repossessed or foreclosed property at fair value on a non-recurring basis. Generally, we estimate the fair value of these items using Level 2 inputs based on observable market data or Level 3 inputs based on discounting criteria. At March 31, 2016 (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, 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 $ $ — $ — $ As of March 31, 2016 and December 31, 2015, we estimated the fair value of impaired assets using Level 3 inputs to be $11.4 m illion and $9.8 million, respectively. We determined these Level 3 inputs based on appraisal evaluations, offers to purchase and/or appraisals that we obtained from an outside third party during the preceding twelve months less costs to sell. Discounts have predominantly been in the range of 0% to 50% . 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 Old Line 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). We use the following methodologies for estimating fair values of financial instruments that we do not measure on a recurring basis. The estimated fair values of financial instruments equal the carrying value of the instruments except as noted. Cash and Cash Equivalents - For cash and cash equivalents, the carrying amount is a reasonable estimate of fair value because of the short maturities of these instruments. Loans- We estimate the fair value of loans, 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. 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. Under ASC Topic 825, entities may choose to measure eligible financial instruments at fair value at specified election dates. The fair value measurement option (i) may be applied instrument by instrument, with certain exceptions, (ii) is generally irrevocable and (iii) is applied only to entire instruments and not to portions of instruments. We must report in earnings unrealized gains and losses on items for which we have elected the fair value measurement option at each subsequent reporting date. We measure certain financial assets and financial liabilities at fair value on a non-recurring basis. These assets and liabilities are subject to fair value adjustments in certain circumstances such as when there is evidence of impairment. March 31, 2016 (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 — — Accrued interest receivable — Liabilities: Deposits: Non-interest-bearing — — Interest bearing — — Short term borrowings — — Long term borrowings — — Accrued Interest payable — — 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 — — Accrued interest receivable — Liabilities: Deposits: Non-interest-bearing — — Interest bearing — — Short term borrowings — — Long term borrowings — — Accrued Interest payable — —

Short Term Borrowings

Short Term Borrowings	3 Months Ended
	Mar. 31, 2016
Short Term Borrowings
Short Term Borrowings	9. SHORT TERM BORROWINGS Short term borrowings consist of promissory notes or overnight re purchase agreements sold to Old Line Bank’s customers, federal funds purchased and advances from the FHLB. Securities Sold Under Agreements to Repurchase To support the $29.6 million in repurchase agreements at March 31, 2016, we have provided collateral in the form of investment securities. At March 31, 2016 we have pledged $41.0 million in U.S. government agency securities and mortgage-backed securities to customers who r equire collateral for overnight 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 $29.6 million mature daily and will remain fully collateralized until the account has been closed or terminated

Acquisition of Regal Bancorp In

Acquisition of Regal Bancorp Inc	3 Months Ended
	Mar. 31, 2016
Regal Acquisition
Regal Acquisition	10. REGAL ACQUISITION On December 4, 2015, Old Line Bancshares completed its acquisition of Regal , the parent company o f 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 Old Line 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 Old Line Bancshares’ common stock, provided that (i) cash was paid in lieu of any fractional shares of Old Line Bancshares common stock and (ii) no more than 59 % of the total consideration paid in the merger could consist of cash. As a result Old Line 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 were measured at estimated fair value. Management made significant estimates and exercised significant judgment in accounting for the acquisition of Regal. 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. 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 $

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Summary of Significant Accounting Policies
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation - The accompanying condensed consolidated financial statements include the activity of Old Line Bancshares and its wholly owned subsidiary, Old Line Bank, and its majority owned subsidiary Pointer Ridge Office Investments, LLC (Pointer Ridge), a real estate investment company. We have eliminated all significant intercompany transactions and balances. We report the non-controlling interests in Pointer Ridge separately in the consolidated balance sheet. We report the income of Pointer Ridge attributable to Old Line Bancshares on the consolidated statement of income. The foregoing consolidated financial statements for the periods ended March 31, 2016 and 2015 are unaudited and have been prepared in accordance with U.S. generally accepted accounting principles (U . S . GAAP); however, in the opinion of management we have included all adjustments (comprising only normal recurring accruals) necessary for a fair presentation of the results of the interim period. We derived the balances as of December 31, 2015 from audited financial statements. These statements should be read in conjunction with Old Line Bancshares’ financial statements and accompanying notes included in Old Line Bancshares’ Form 10-K for the year ended December 31, 2015. We have made no significant changes to Old Line Bancshares’ accounting policies as disclosed in the Form 10-K.
Use of estimates	Use of E stimates - 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.
Reclassifications	Reclassifications - We have made certain reclassifications to the 2015 financial presentation to conform to the 2016 presentation. These reclassifications did not change net income or stockholders’ equity.
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. In 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 4. 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. The adoption of ASU 2014-12 did not have a material impact on our consolidated financial statements. 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.

Pointer Ridge Office Investme21

Pointer Ridge Office Investment, LLC (Tables)	3 Months Ended
	Mar. 31, 2016
Pointer Ridge Office Investment, LLC
Summary of condensed Balance Sheets and Statements of Income information	The following table summarizes the condensed Balance Sheets and Statements of Income information for Pointer Ridge Office Investment, LLC. March 31, December 31, Balance Sheets 2016 2015 Current assets $ $ Non-current assets Liabilities Equity Three Months Ended March 31, Statements of Income 2016 2015 Revenue $ $ Expenses Net loss $ $

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Investment Securities
Summary of the amortized cost and estimated fair value of securities	Gross Gross Amortized unrealized unrealized Estimated cost gains losses fair value March 31, 2016 Available for sale U.S. treasury $ $ — $ $ U.S. government agency Municipal securities Mortgage backed securities: FHLMC certificates — FNMA certificates GNMA certificates $ $ $ $ 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 — $ $ $ $
Schedule of securities with unrealized losses segregated by length of impairment	March 31, 2016 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 GNMA certificates Total unrealized losses $ $ $ $ $ $ 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 — — $ $ $ $ $ $
Schedule of contractual maturities and pledged securities	Available for Sale Amortized Fair March 31, 2016 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 (Tables)	3 Months Ended
	Mar. 31, 2016
Loans and Allowance for Loan Losses
Summary of major classifications of loans held for investment	March 31, 2016 December 31, 2015 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 Inc. , the parent company o f The Washington Savings Bank (WSB ), i n May 2013, and Regal Bancorp, Inc. (“Regal”) , the parent company of Regal Bank & Trust (Regal Bank ), in December 2015, we have segmented the portfolio into two components, loans originated by Old Line 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 March 31, 2016 December 31, 2015 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-Investment — — — — — — First-Owner Occupied — — — — Land and A&D — — — — — — Commercial — — — — — — 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 loans: Total Loans $ $ $ $ $ $
Summary of impaired loans	Impaired Loans March 31, 2016 Three months March 31, 2016 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: Owner Occupied — — $ — $ — — Commercial — With an allowance recorded: Commercial Real Estate: Owner Occupied Commercial Total legacy impaired Acquired (1) With no related allowance recorded: Commercial Real Estate: Owner Occupied — — Land and A&D — Residential Real Estate: First-Owner Investment — — First-Owner Occupied — Land and A&D — — Commercial — First-Owner Investment First-Owner Occupied Commercial — — — — — 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 the 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. Impaired Loans 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 — Investment — — — — — Land and A&D — — — — — Commercial — — — — — With an allowance recorded: Residential Real Estate: First-Investment — Total acquired impaired Total impaired $ $ $ $ $
Summary of information related to loans modified in a TDR	The following table includes the recorded investment in and number of modifications of TDRs for the three months ended March 31, 2016 and 2015. 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. We had no loans that were modified as a TDR that defaulted within twelve months of the modification date during the three month period ending March 31, 2016. Loans Modified as a TDR for the three months ended March 31, 2016 March 31, 2015 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 Commercial Real Estate — — — Residential Real Estate Non-Owner Occupied — — — Total Troubled Debt Restructurings $ $ — $ — $ —
Schedule of the outstanding balances and related carrying amounts of acquired impaired loans	March 31, 2016 March 31, 2015 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 Receivable Carrying Amount At March 31, 2016 $ $ At December 31, 2015 At March 31, 2015 At December 31, 2014
Schedule of allocation of allowance for loan losses by risk rating	March 31, 2016 Account Balance 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 Commercial Substandard (7) Commercial Real Estate: Owner Occupied Investment Land and A&D — Residential Real Estate: First-Investment First-Owner Occupied — Land and A&D — Commercial Doubtful (8) — — — Loss (9) — — — Total $ $ $ December 31, 2015 Account Balance 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 Substandard (7) Commercial Real Estate: Owner Occupied Investment Land and A&D — Residential Real Estate: First-Investment First-Owner Occupied — Land and A&D — Commercial Doubtful (8) — — — Loss (9) — — — Total $ $ $
Summary of activity in the allowance for loan losses by portfolio segment	Commercial Residential Three Months Ended March 31, 2016 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General 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 Three Months Ended March 31, 2015 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries Loans charged off — — Ending Balance $ $ $ $ $ Allowance 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	Our recorded investment in loans at March 31, 2016 and 2015 related to each balance in the allowance for probable loan losses by portfolio segment and disaggregated on the basis of our impairment methodology was as follows: Commercial Residential March 31, 2016 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 without specific reserve (ASC 310-30 at acquisition) — — — — — Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) Ending balance $ $ $ $ $ Commercial Residential March 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) — — Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) Ending balance $ $ $ $ $

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	3 Months Ended
	Mar. 31, 2016
OTHER REAL ESTATE OWNED
Schedule of transactions in other real estate owned during the period	Three Months Ended March 31, 2016 Legacy Acquired Total Beginning balance $ $ $ Real estate acquired through foreclosure of loans — Additional credit quality adjustment of real estate owned — Sales/deposit on sales — Net realized gain on sale of real estate owned — Ending balance $ $ $

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2016
EARNINGS PER COMMON SHARE
Schedule of weighted average and dilutive average number of shares	Three Months Ended March 31, 2016 2015 Weighted average number of shares Dilutive average number of shares

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Measurement
Schedule of assets and liabilities measured at fair value on a recurring basis	At March 31, 2016 (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: U.S. Treasury securities $ $ $ — $ — $ — U.S. government agency — — — Municipal securities — — — FHLMC MBS — — — FNMA MBS — — — GNMA MBS — — — Total recurring assets at fair value $ $ $ $ — $ — 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: U.S. 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 March 31, 2016 (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, 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 $ $ — $ — $
Schedule of estimated fair value of financial instruments	March 31, 2016 (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 — — Accrued interest receivable — Liabilities: Deposits: Non-interest-bearing — — Interest bearing — — Short term borrowings — — Long term borrowings — — Accrued Interest payable — — 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 — — Accrued interest receivable — Liabilities: Deposits: Non-interest-bearing — — Interest bearing — — Short term borrowings — — Long term borrowings — — Accrued Interest payable — —

Acquisition of Regal Bancorp 27

Acquisition of Regal Bancorp Inc (Tables)	3 Months Ended
	Mar. 31, 2016
Regal Acquisition
Schedule of purchased assets, assumed liabilities and identifiable intangible assets recorded at acquisition date fair value	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 $

Pointer Ridge Office Investme28

Pointer Ridge Office Investment, LLC (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Condensed Balance Sheets
Liabilities	$ 1,376,732,267		$ 1,366,100,000
Equity	146,284,000		143,988,889
Condensed Statements of Income
Net income	$ 2,149,403	$ 2,745,433
Pointer Ridge
Pointer Ridge Office Investment, LLC
Ownership percentage	62.50%
Condensed Balance Sheets
Current assets	$ 339,575		281,441
Non-current assets	6,189,467		6,281,601
Liabilities	5,845,004		5,874,560
Equity	684,038		$ 688,484
Condensed Statements of Income
Revenue	251,074	243,277
Expenses	255,519	266,530
Net income	$ (4,445)	$ (23,253)
Pointer Ridge | One Of Directors
Pointer Ridge Office Investment, LLC
Ownership percentage	12.50%

Investment Securities -Summary

Investment Securities -Summary of the amortized cost and estimated fair value of securities. - (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Investment securities
Amortized cost	$ 189,563,585	$ 194,642,591
Gross unrealized gains	1,581,735	1,229,338
Gross unrealized losses	(396,233)	(1,166,254)
Estimated fair value	190,749,087	194,705,675
U. S. treasury
Investment securities
Amortized cost	2,998,516	2,999,978
Gross unrealized gains		118
Gross unrealized losses	(2,617)	(96)
Estimated fair value	2,995,899	3,000,000
U.S. government agency
Investment securities
Amortized cost	35,321,918	36,874,804
Gross unrealized gains	156,202	10,283
Gross unrealized losses	(7,086)	(278,424)
Estimated fair value	35,471,034	36,606,663
Municipal securities
Investment securities
Amortized cost	54,287,501	49,130,632
Gross unrealized gains	989,060	1,092,044
Gross unrealized losses	(158,251)	(19,970)
Estimated fair value	55,118,310	50,202,706
FHLMC certificates
Investment securities
Amortized cost	20,956,698	21,734,289
Gross unrealized gains	194,344	55,218
Gross unrealized losses		(26,350)
Estimated fair value	21,151,042	21,763,157
FNMA certificates
Investment securities
Amortized cost	47,813,353	49,461,464
Gross unrealized gains	168,108	22,916
Gross unrealized losses	(57,054)	(382,909)
Estimated fair value	47,924,407	49,101,471
GNMA certificates
Investment securities
Amortized cost	28,185,599	29,758,449
Gross unrealized gains	74,021	48,759
Gross unrealized losses	(171,225)	(389,199)
Estimated fair value	$ 28,088,395	29,418,009
SBA loan pools
Investment securities
Amortized cost		4,682,975
Gross unrealized losses		(69,306)
Estimated fair value		$ 4,613,669

Investment Securities - Securit

Investment Securities - Securities with unrealized losses - (Details)	3 Months Ended
	Mar. 31, 2016USD ($)securityitem	Mar. 31, 2015USD ($)item	Dec. 31, 2015USD ($)security
Investment securities
Less than 12 months, Fair value	$ 39,536,450		$ 96,351,663
Less than 12 months, Unrealized losses	259,267		786,174
12 Months or More, Fair value	13,729,543		22,211,864
12 Months or More, Unrealized losses	136,966		380,080
Total, Fair value	53,265,994		118,563,527
Total, Unrealized losses	$ 396,233		$ 1,166,254
Gross realized gains and proceeds from sales or calls of investment securities
Number of securities in an unrealized loss position for greater than 12 months | security	15		23
Number of securities in an unrealized loss position for less than 12 months | security	40		71
Gains on sales or calls of investment securities	$ 76,998	$ 60,694
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities	16,441,001	$ 4,419,496
Gross realized gains from the sale or call of investment securities	144,000
Gross realized losses from the sale or call of investment securities	67,000
Net realized gains (losses) from the sale or call of investment securities	77,000
Payments to Acquire Available-for-sale Securities	11,496,627
U. S. treasury
Investment securities
Less than 12 months, Fair value	2,995,899		$ 1,500,000
Less than 12 months, Unrealized losses	2,617		96
Total, Fair value	2,995,899		1,500,000
Total, Unrealized losses	2,617		96
U.S. government agency
Investment securities
Less than 12 months, Fair value	355,502		33,613,513
Less than 12 months, Unrealized losses	560		261,290
12 Months or More, Fair value	1,493,474		1,482,867
12 Months or More, Unrealized losses	6,526		17,133
Total, Fair value	1,848,976		35,096,380
Total, Unrealized losses	7,086		278,423
Municipal securities
Investment securities
Less than 12 months, Fair value	10,085,171		4,864,113
Less than 12 months, Unrealized losses	156,067		12,224
12 Months or More, Fair value	289,423		762,762
12 Months or More, Unrealized losses	2,184		7,747
Total, Fair value	10,374,594		5,626,875
Total, Unrealized losses	$ 158,251		19,971
Gross realized gains and proceeds from sales or calls of investment securities
Number of bonds sold | item	1
Number of bonds called | item		2
Mortgage backed securities
Gross realized gains and proceeds from sales or calls of investment securities
Number of bonds sold | item	3
FHLMC certificates
Investment securities
Less than 12 months, Fair value			9,150,943
Less than 12 months, Unrealized losses			26,350
Total, Fair value			9,150,943
Total, Unrealized losses			26,350
FNMA certificates
Investment securities
Less than 12 months, Fair value			33,441,909
Less than 12 months, Unrealized losses			345,209
12 Months or More, Fair value			2,999,700
12 Months or More, Unrealized losses			37,700
Total, Fair value			36,441,609
Total, Unrealized losses			382,909
GNMA certificates
Investment securities
Less than 12 months, Fair value	$ 26,099,878		13,781,185
Less than 12 months, Unrealized losses	100,023		141,005
12 Months or More, Fair value	11,946,646		12,352,866
12 Months or More, Unrealized losses	128,256		248,194
Total, Fair value	38,046,525		26,134,051
Total, Unrealized losses	$ 228,279		389,199
SBA loan pools
Investment securities
12 Months or More, Fair value			4,613,669
12 Months or More, Unrealized losses			69,306
Total, Fair value			4,613,669
Total, Unrealized losses			$ 69,306
Callable agency security
Gross realized gains and proceeds from sales or calls of investment securities
Number of bonds sold | item	1

Investment Securities - Contrac

Investment Securities - Contractual maturities and pledged securities - (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Available for Sale, Amortized cost
Within one year	$ 1,498,948
Over one to five years	37,982,659
Over five to ten years	19,535,714
Over ten years	130,546,264
Total available for sale, Amortized cost	189,563,585	$ 194,642,591
Available for Sale, Fair value
Within one year	1,498,945
Over one to five years	38,172,838
Over five to ten years	19,858,679
Over ten years	131,218,625
Estimated fair value	190,749,087	$ 194,705,675
Pledged securities
Amortized cost	41,006,230
Fair value	$ 42,385,435

Loans - (Details)

Loans - (Details)	3 Months Ended
	Mar. 31, 2016USD ($)item	Dec. 31, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Held-for-investment
Total before allowance and deferred loan cost	$ 1,180,365,671	$ 1,150,670,000	$ 967,059,201
Allowance for loan losses	(5,705,857)	(4,909,818)	(4,636,048)	$ (4,281,835)
Deferred loan costs, net	1,168,351	1,274,533
Total Loans	1,175,828,165	1,147,034,715
Commercial real estate loans	792,100,000	767,700,000
Residential Loan Portfolio	$ 262,300,000	260,700,000
Credit score required for loans sold in secondary market | item	640
Credit score required for loans sold in secondary market to veterans | item	620
Hospitality
Held-for-investment
Commercial real estate loans	$ 106,900,000
Commercial Real Estate
Held-for-investment
Total before allowance and deferred loan cost	792,075,927		628,559,703
Allowance for loan losses	$ (3,801,163)	(3,046,714)	(2,594,659)	(2,558,368)
Financing Percentage Maximum	80
Commercial Real Estate | Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	$ 251,409,026	251,122,416
Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	378,272,513	356,183,463
Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	106,908,280	102,217,109
Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	$ 55,486,108	58,123,433
Investor Real Estate [Member]
Held-for-investment
Financing Percentage Maximum	75
Residential Real Estate
Held-for-investment
Total before allowance and deferred loan cost	$ 262,344,776		218,127,372
Allowance for loan losses	(904,204)	(682,962)	(1,238,113)	(926,995)
Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	100,808,403	100,656,195
Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	90,354,949	89,691,575
Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	42,858,066	41,798,751
Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	28,323,358	28,519,245
Single-family residential loans | Minimum
Held-for-investment
Loans, permissible amount under federal regulations	417,000
Single-family residential loans | Maximum
Held-for-investment
Loans, permissible amount under federal regulations	625,500
Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	118,212,574	115,482,698
Consumer
Held-for-investment
Total before allowance and deferred loan cost	7,732,394	6,875,115	8,808,401
Allowance for loan losses	(11,485)	(11,613)	(41,605)	(100,001)
Commercial
Held-for-investment
Total before allowance and deferred loan cost	118,212,574		111,563,725
Allowance for loan losses	(989,005)	(1,168,529)	$ (761,671)	$ (696,371)
Minimum threshold amount of loan for which financial condition and operating performance of the borrower is monitored	250,000
Legacy
Held-for-investment
Total before allowance and deferred loan cost	951,340,058	912,960,157
Allowance for loan losses	(5,400,563)	(4,821,214)
Deferred loan costs, net	1,168,351	1,274,533
Total Loans	$ 947,107,846	909,413,476
Number of components segmented in loan portfolio | item	2
Legacy | Commercial Real Estate | Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	$ 195,806,091	193,909,818
Legacy | Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	321,056,178	298,434,087
Legacy | Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	96,064,364	91,440,548
Legacy | Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	49,140,686	50,584,469
Legacy | Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	72,436,816	69,121,743
Legacy | Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	39,344,366	37,486,858
Legacy | Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	36,054,588	35,219,801
Legacy | Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	24,187,944	24,168,289
Legacy | Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	109,726,705	105,963,233
Legacy | Consumer
Held-for-investment
Total before allowance and deferred loan cost	7,522,320	6,631,311
Acquired
Held-for-investment
Total before allowance and deferred loan cost	229,025,613	237,709,843
Allowance for loan losses	(305,294)	(88,604)
Total Loans	228,720,319	237,621,239
Acquired | Commercial Real Estate | Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	55,602,935	57,212,598
Acquired | Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	57,216,335	57,749,376
Acquired | Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	10,843,916	10,776,561
Acquired | Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	6,345,422	7,538,964
Acquired | Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	28,371,587	31,534,452
Acquired | Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	51,010,583	52,204,717
Acquired | Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	6,803,478	6,578,950
Acquired | Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	4,135,414	4,350,956
Acquired | Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	8,485,869	9,519,465
Acquired | Consumer
Held-for-investment
Total before allowance and deferred loan cost	$ 210,074	$ 243,804

Loans - Aging analysis of loans

Loans - Aging analysis of loans - (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Aging analysis of the loan held for investment portfolio
Current	$ 1,165,447,666	$ 1,137,882,394
Accruing past due loans:
Total accruing past due loans	7,556,849	6,893,987
Total Recorded Investment Non-accruing past due loans:	7,361,156	5,893,619
Total loans	1,180,365,671	1,150,670,000	$ 967,059,201
Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	6,655,227	6,764,550
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	901,622	129,437
Commercial Real Estate
Accruing past due loans:
Total loans	792,075,927		628,559,703
Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	3,157,653	2,474,813
Total loans	251,409,026	251,122,416
Commercial Real Estate | Owner Occupied | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	660,594	1,359,110
Commercial Real Estate | Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans		128,938
Commercial Real Estate | Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:		64,447
Total loans	378,272,513	356,183,463
Commercial Real Estate | Investment | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	2,995,102
Commercial Real Estate | Hospitality
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	297,046	261,700
Total loans	106,908,280	102,217,109
Commercial Real Estate | Land and A&D
Accruing past due loans:
Total loans	55,486,108	58,123,433
Commercial Real Estate | Land and A&D | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	455,986	617,521
Residential Real Estate
Accruing past due loans:
Total loans	262,344,776		218,127,372
Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	397,367	683,139
Total loans	100,808,403	100,656,195
Residential Real Estate | First Lien-Investment | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	520,924	1,541,752
Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	815,695	566,701
Total loans	90,354,949	89,691,575
Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	1,309,381	2,365,861
Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	901,622
Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	42,858,066	41,798,751
Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	28,323,358	28,519,245
Commercial
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	2,693,395	1,842,819
Total loans	118,212,574		111,563,725
Commercial | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	707,605	878,267
Consumer
Accruing past due loans:
Total loans	7,732,394	6,875,115	$ 8,808,401
Consumer | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	5,635	2,039
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans		499
Legacy
Aging analysis of the loan held for investment portfolio
Current	942,519,175	907,545,764
Accruing past due loans:
Total accruing past due loans	4,528,599	994,318
Total Recorded Investment Non-accruing past due loans:	4,292,284	4,420,075
Total loans	951,340,058	912,960,157
Legacy | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	4,528,599	994,318
Legacy | Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	2,472,685	2,474,813
Total loans	195,806,091	193,909,818
Legacy | Commercial Real Estate | Investment
Accruing past due loans:
Total loans	321,056,178	298,434,087
Legacy | Commercial Real Estate | Investment | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	2,995,102
Legacy | Commercial Real Estate | Hospitality
Accruing past due loans:
Total loans	96,064,364	91,440,548
Legacy | Commercial Real Estate | Land and A&D
Accruing past due loans:
Total loans	49,140,686	50,584,469
Legacy | Commercial Real Estate | Land and A&D | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	455,986	459,655
Legacy | Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:		102,443
Total loans	72,436,816	69,121,743
Legacy | Residential Real Estate | First Lien-Investment | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	411,308	288,747
Legacy | Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total loans	39,344,366	37,486,858
Legacy | Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	241,014	241,445
Legacy | Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	36,054,588	35,219,801
Legacy | Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	24,187,944	24,168,289
Legacy | Commercial
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	1,819,599	1,842,819
Legacy | Commercial | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	425,189	4,471
Legacy | Consumer
Accruing past due loans:
Total loans	7,522,320	6,631,311
Acquired
Aging analysis of the loan held for investment portfolio
Current	222,928,491	230,336,630
Accruing past due loans:
Total accruing past due loans	3,028,250	5,899,669
Total Recorded Investment Non-accruing past due loans:	3,068,872	1,473,544
Total loans	229,025,613	237,709,843
Acquired | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	2,126,628	5,770,232
Acquired | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	901,622	129,437
Acquired | Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	684,968
Total loans	55,602,935	57,212,598
Acquired | Commercial Real Estate | Owner Occupied | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	660,594	1,359,110
Acquired | Commercial Real Estate | Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans		128,938
Acquired | Commercial Real Estate | Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:		64,447
Total loans	57,216,335	57,749,376
Acquired | Commercial Real Estate | Hospitality
Accruing past due loans:
Total loans	10,843,916	10,776,561
Acquired | Commercial Real Estate | Land and A&D
Accruing past due loans:
Total accruing past due loans	297,046	261,700
Total loans	6,345,422	7,538,964
Acquired | Commercial Real Estate | Land and A&D | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans		157,866
Acquired | Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	397,367	580,696
Total loans	28,371,587	31,534,452
Acquired | Residential Real Estate | First Lien-Investment | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	109,616	1,253,005
Acquired | Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	815,695	566,701
Total loans	51,010,583	52,204,717
Acquired | Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	1,068,367	2,124,416
Acquired | Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	901,622
Acquired | Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	6,803,478	6,578,950
Acquired | Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	4,135,414	4,350,956
Acquired | Commercial
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	873,796
Acquired | Commercial | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	282,416	873,796
Acquired | Consumer
Accruing past due loans:
Total loans	210,074	243,804
Acquired | Consumer | Financing Receivables, 30 to 89 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans	$ 5,635	2,039
Acquired | Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing past due loans:
Total accruing past due loans		$ 499

Loans - Impaired loans - (Detai

Loans - Impaired loans - (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Unpaid Principal Balance
Total	$ 10,953,957	$ 7,077,135
Recorded Investment
Total	9,965,060	7,056,609
Related Allowance
Total	1,266,225	813,139
Average Recorded Investment
Total	26,866,210	16,688,819
Interest Income Recognized
Total	217,468	108,176
Commercial Real Estate | Owner Occupied
Unpaid Principal Balance
With no related allowance recorded		2,153,214
Recorded Investment
With no related allowance recorded		2,153,214
Related Allowance
Total		119,199
Average Recorded Investment
With no related allowance recorded		6,605,858
Commercial Real Estate | Land and A&D
Unpaid Principal Balance
With no related allowance recorded	617,162
Recorded Investment
With no related allowance recorded	344,322
Average Recorded Investment
With no related allowance recorded	621,213
Interest Income Recognized
With no related allowance recorded	4,809
Residential Real Estate | First Lien-Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	297,451
Recorded Investment
With no related allowance recorded	297,451
Related Allowance
Total	216,766
Average Recorded Investment
With no related allowance recorded	1,804,205
Interest Income Recognized
With no related allowance recorded	9,827
Legacy
Unpaid Principal Balance
Total	5,917,292	6,057,441
Recorded Investment
Total	5,917,292	6,057,441
Related Allowance
Total	960,931	724,535
Average Recorded Investment
Total	14,434,666	14,767,783
Interest Income Recognized
Total	123,031	79,699
Legacy | Commercial Real Estate | Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	573,473	575,562
With an allowance recorded	2,151,085
Recorded Investment
With no related allowance recorded	573,473	575,562
With an allowance recorded	2,151,085
Related Allowance
Total	545,585
Average Recorded Investment
With no related allowance recorded	1,231,350	1,232,306
With an allowance recorded	6,605,858
Interest Income Recognized
With no related allowance recorded	12,201	13,147
With an allowance recorded	47,808
Legacy | Commercial Real Estate | Investment
Unpaid Principal Balance
With no related allowance recorded	1,259,035	1,264,141
With an allowance recorded	831,565
Recorded Investment
With no related allowance recorded	1,259,035	1,264,141
With an allowance recorded	831,565
Related Allowance
Total	415,346
Average Recorded Investment
With no related allowance recorded	1,263,712	1,264,141
With an allowance recorded	1,429,507
Interest Income Recognized
With no related allowance recorded	13,668	56,959
With an allowance recorded	18,477
Legacy | Residential Real Estate | First Lien-Investment
Unpaid Principal Balance
With no related allowance recorded		102,443
Recorded Investment
With no related allowance recorded		102,443
Average Recorded Investment
With no related allowance recorded		330,106
Legacy | Residential Real Estate | Commercial
Unpaid Principal Balance
With no related allowance recorded	1,102,134
Recorded Investment
With no related allowance recorded	1,102,134
Average Recorded Investment
With no related allowance recorded	3,904,239
Interest Income Recognized
With no related allowance recorded	30,877
Legacy | Commercial
Unpaid Principal Balance
With no related allowance recorded		922,826
With an allowance recorded		1,039,255
Recorded Investment
With no related allowance recorded		922,826
With an allowance recorded		1,039,255
Related Allowance
Total		605,336
Average Recorded Investment
With no related allowance recorded		3,338,295
With an allowance recorded		1,997,077
Interest Income Recognized
With an allowance recorded		9,593
Acquired
Unpaid Principal Balance
Total	5,036,665	1,019,694
Recorded Investment
Total	4,047,768	999,168
Related Allowance
Total	305,294	88,604
Average Recorded Investment
Total	12,431,544	1,921,036
Interest Income Recognized
Total	94,437	28,477
Acquired | Commercial Real Estate | Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	982,368
Recorded Investment
With no related allowance recorded	718,231
Average Recorded Investment
With no related allowance recorded	998,085
Acquired | Commercial Real Estate | Land and A&D
Unpaid Principal Balance
With no related allowance recorded		267,113
With an allowance recorded		223,617
Recorded Investment
With no related allowance recorded		261,700
With an allowance recorded		219,225
Related Allowance
Total		88,604
Average Recorded Investment
With no related allowance recorded		490,977
With an allowance recorded		367,261
Acquired | Residential Real Estate | Owner Occupied
Unpaid Principal Balance
With no related allowance recorded		528,964
Recorded Investment
With no related allowance recorded		518,243
Average Recorded Investment
With no related allowance recorded		1,062,798
Interest Income Recognized
With no related allowance recorded		$ 28,477
Acquired | Residential Real Estate | Land and A&D
Unpaid Principal Balance
With no related allowance recorded	334,271
Recorded Investment
With no related allowance recorded	45,000
Average Recorded Investment
With no related allowance recorded	334,271
Acquired | Residential Real Estate | First Lien-Investment
Unpaid Principal Balance
With no related allowance recorded	423,997
With an allowance recorded	223,617
Recorded Investment
With no related allowance recorded	261,348
With an allowance recorded	223,617
Related Allowance
Total	88,528
Average Recorded Investment
With no related allowance recorded	424,196
With an allowance recorded	367,261
Interest Income Recognized
With an allowance recorded	13,849
Acquired | Residential Real Estate | First Lien-Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	1,204,822
Recorded Investment
With no related allowance recorded	1,204,822
Average Recorded Investment
With no related allowance recorded	2,471,487
Interest Income Recognized
With no related allowance recorded	31,497
Acquired | Residential Real Estate | Commercial
Unpaid Principal Balance
With no related allowance recorded	952,977
Recorded Investment
With no related allowance recorded	952,977
Average Recorded Investment
With no related allowance recorded	5,410,826
Interest Income Recognized
With no related allowance recorded	$ 34,455

Loans - Loans Modified as a TDR

Loans - Loans Modified as a TDR - (Details)	3 Months Ended
	Mar. 31, 2016USD ($)contract
Troubled debt restructurings
Number of Contracts | contract	2
Pre-Modification Outstanding Recorded Investment	$ 392,842
Post Modification Outstanding Recorded Investment	$ 158,382
Residential Real Estate
Troubled debt restructurings
Number of Contracts | contract	1
Pre-Modification Outstanding Recorded Investment	$ 136,173
Post Modification Outstanding Recorded Investment	$ 66,453
Commercial
Troubled debt restructurings
Number of Contracts | contract	1
Pre-Modification Outstanding Recorded Investment	$ 256,669
Post Modification Outstanding Recorded Investment	$ 91,929

Loans - Changes in the accretab

Loans - Changes in the accretable discount - (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Accretable Yield
Ending balance	$ (248,604)	$ 30,266
Contractually Required Payments Receivable	14,245,799	9,872,653	$ 14,875,352	$ 10,658,840
Carrying Amount	11,062,671	7,887,269	$ 11,158,804	$ 7,994,604
Change in allowance for loan losses for General Reserves due to exceeding of credit mark	0
Change in allowance for loan losses due to exceeding of credit mark for estimate of loss exposure	0
Acquired
Accretable Yield
Beginning balance	276,892	(31,551)
Accretion of fair value discounts	$ (28,288)	(189,886)
Reclassification from non-accretable		$ (191,171)

Loans - Allocation of the loan

Loans - Allocation of the loan portfolio - (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Credit quality indicators
Account balance	$ 1,180,365,671	$ 1,150,670,000	$ 967,059,201
Commercial Real Estate
Credit quality indicators
Account balance	792,075,927		628,559,703
Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	251,409,026	251,122,416
Commercial Real Estate | Investment
Credit quality indicators
Account balance	378,272,513	356,183,463
Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	106,908,280	102,217,109
Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	55,486,108	58,123,433
Residential Real Estate
Credit quality indicators
Account balance	262,344,776		218,127,372
Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	100,808,403	100,656,195
Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	90,354,949	89,691,575
Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	42,858,066	41,798,751
Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	28,323,358	28,519,245
Commercial
Credit quality indicators
Account balance	118,212,574		111,563,725
Consumer
Credit quality indicators
Account balance	$ 7,732,394	6,875,115	$ 8,808,401
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	$ 1,136,153,096	1,110,999,911
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	238,365,027	237,902,524
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	369,452,427	350,268,873
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	104,123,360	100,786,831
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	52,520,567	54,041,510
Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	97,132,821	96,784,165
Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	85,947,393	85,316,582
Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	39,374,599	39,421,737
Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	28,323,358	28,513,137
Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	113,181,150	111,089,437
Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	7,732,394	6,875,115
Risk rated 6 at acquisition
Credit quality indicators
Account balance	28,486,319	24,367,921
Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	7,555,335	7,707,085
Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	5,823,743	2,847,395
Risk rated 6 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	2,784,920	1,430,277
Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	2,920,541	2,972,443
Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	2,329,182	2,411,792
Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	2,013,302	2,883,550
Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	2,913,985	2,631,460
Risk rated 6 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance		6,107
Risk rated 6 at acquisition | Commercial
Credit quality indicators
Account balance	2,145,311	1,477,812
Risk rated 7 at acquisition
Credit quality indicators
Account balance	15,726,256	15,302,168
Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	5,488,664	5,512,807
Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	2,996,343	3,067,196
Risk rated 7 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	45,000	42,670
Risk rated 7 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	1,346,400	1,460,238
Risk rated 7 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	2,394,254	1,491,443
Risk rated 7 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	569,482	812,364
Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	2,886,113	2,915,450
Legacy
Credit quality indicators
Account balance	951,340,058	912,960,157
Legacy | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	195,806,091	193,909,818
Legacy | Commercial Real Estate | Investment
Credit quality indicators
Account balance	321,056,178	298,434,087
Legacy | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	96,064,364	91,440,548
Legacy | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	49,140,686	50,584,469
Legacy | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	72,436,816	69,121,743
Legacy | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	39,344,366	37,486,858
Legacy | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	36,054,588	35,219,801
Legacy | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	24,187,944	24,168,289
Legacy | Consumer
Credit quality indicators
Account balance	7,522,320	6,631,311
Legacy | Risk rated 1 - 5 at acquisition
Credit quality indicators
Account balance	928,475,598	895,388,512
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	189,396,519	187,470,038
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	315,779,859	296,144,038
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	94,708,645	91,440,548
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	46,400,249	47,935,681
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	71,443,664	67,862,579
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	39,267,742	37,409,003
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	33,996,850	33,611,213
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	24,187,944	24,162,182
Legacy | Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	105,771,806	102,721,919
Legacy | Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	7,522,320	6,631,311
Legacy | Risk rated 6 at acquisition
Credit quality indicators
Account balance	15,820,208	10,378,375
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	2,844,753	2,863,922
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	4,017,284	1,025,908
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,355,719
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	2,740,437	2,648,788
Legacy | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	706,453	867,973
Legacy | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	76,624	77,855
Legacy | Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	2,057,738	1,608,588
Legacy | Risk rated 6 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance		6,107
Legacy | Risk rated 6 at acquisition | Commercial
Credit quality indicators
Account balance	2,021,200	1,279,234
Legacy | Risk rated 7 at acquisition
Credit quality indicators
Account balance	7,044,252	7,193,270
Legacy | Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	3,564,819	3,575,859
Legacy | Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,259,035	1,264,141
Legacy | Risk rated 7 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	286,699	391,190
Legacy | Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	1,933,699	1,962,080
Acquired
Credit quality indicators
Account balance	229,025,613	237,709,843
Acquired | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	55,602,935	57,212,598
Acquired | Commercial Real Estate | Investment
Credit quality indicators
Account balance	57,216,335	57,749,376
Acquired | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	10,843,916	10,776,561
Acquired | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	6,345,422	7,538,964
Acquired | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	28,371,587	31,534,452
Acquired | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	51,010,583	52,204,717
Acquired | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	6,803,478	6,578,950
Acquired | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	4,135,414	4,350,956
Acquired | Consumer
Credit quality indicators
Account balance	210,074	243,804
Acquired | Risk rated 1 - 5 at acquisition
Credit quality indicators
Account balance	207,677,498	215,611,399
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	48,968,508	50,432,486
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	53,672,568	54,124,835
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	9,414,715	9,346,283
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	6,120,318	6,105,829
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	25,689,157	28,921,586
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	46,679,651	47,907,579
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	5,377,749	5,810,524
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	4,135,414	4,350,955
Acquired | Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	7,409,344	8,367,518
Acquired | Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	210,074	243,804
Acquired | Risk rated 6 at acquisition
Credit quality indicators
Account balance	12,666,111	13,989,546
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	4,710,582	4,843,163
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,806,459	1,821,487
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,429,201	1,430,277
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	180,104	323,655
Acquired | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	1,622,729	1,543,819
Acquired | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	1,936,678	2,805,695
Acquired | Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	856,247	1,022,872
Acquired | Risk rated 6 at acquisition | Commercial
Credit quality indicators
Account balance	124,111	198,578
Acquired | Risk rated 7 at acquisition
Credit quality indicators
Account balance	8,682,004	8,108,898
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	1,923,845	1,936,948
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,737,308	1,803,055
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	45,000	42,670
Acquired | Risk rated 7 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	1,059,701	1,069,048
Acquired | Risk rated 7 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	2,394,254	1,491,443
Acquired | Risk rated 7 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	569,482	812,364
Acquired | Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	$ 952,414	$ 953,370

Loans - Activity in the allowan

Loans - Activity in the allowance for loan losses by portfolio segment - (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Activity in the allowance for loan losses
Beginning balance	$ 4,909,818	$ 4,281,835
General provision for loan losses	778,611	561,731
Recoveries	22,400	31,723
Allowance for loan losses before charge offs	5,710,829	4,875,289
Loans charged off	(4,972)	(239,241)
Ending Balance	5,705,857	4,636,048
Amount allocated to:
Ending balance	4,909,818	4,281,835	$ 5,705,857	$ 4,636,048
Legacy
Activity in the allowance for loan losses
Beginning balance	4,821,214
Ending Balance	5,400,563
Amount allocated to:
Individually evaluated for impairment			960,931	131,681
Other loans not individually evaluated			4,439,632	3,995,989
Ending balance	4,821,214		5,400,563
Acquired
Activity in the allowance for loan losses
Beginning balance	88,604
Ending Balance	305,294
Amount allocated to:
Individually evaluated for impairment			305,294	508,378
Ending balance	88,604		305,294
Commercial
Activity in the allowance for loan losses
Beginning balance	1,168,529	696,371
General provision for loan losses	(181,950)	247,099
Recoveries	6,898	942
Allowance for loan losses before charge offs	993,477	944,412
Loans charged off	(4,472)	(182,741)
Ending Balance	989,005	761,671
Amount allocated to:
Ending balance	1,168,529	696,371	989,005	761,671
Commercial | Legacy
Amount allocated to:
Individually evaluated for impairment			415,346	113,151
Other loans not individually evaluated			573,659	648,520
Commercial Real Estate
Activity in the allowance for loan losses
Beginning balance	3,046,714	2,558,368
General provision for loan losses	754,449	36,271
Recoveries		20
Allowance for loan losses before charge offs	3,801,163	2,594,659
Ending Balance	3,801,163	2,594,659
Amount allocated to:
Ending balance	3,046,714	2,558,368	3,801,163	2,594,659
Commercial Real Estate | Legacy
Amount allocated to:
Individually evaluated for impairment			545,585
Other loans not individually evaluated			3,255,578	2,543,147
Commercial Real Estate | Acquired
Amount allocated to:
Individually evaluated for impairment				51,512
Residential Real Estate
Activity in the allowance for loan losses
Beginning balance	682,962	926,995
General provision for loan losses	213,381	357,460
Recoveries	7,861	10,158
Allowance for loan losses before charge offs	904,204	1,294,613
Loans charged off		(56,500)
Ending Balance	904,204	1,238,113
Amount allocated to:
Ending balance	682,962	926,995	904,204	1,238,113
Residential Real Estate | Legacy
Amount allocated to:
Individually evaluated for impairment				18,530
Other loans not individually evaluated			598,910	762,717
Residential Real Estate | Acquired
Amount allocated to:
Individually evaluated for impairment			305,294	456,866
Consumer
Activity in the allowance for loan losses
Beginning balance	11,613	100,001
General provision for loan losses	(7,269)	(74,099)
Recoveries	7,641	20,603
Allowance for loan losses before charge offs	11,985	41,605
Loans charged off	(500)
Ending Balance	11,485	41,605
Amount allocated to:
Ending balance	$ 11,613	$ 100,001	11,485	41,605
Consumer | Legacy
Amount allocated to:
Other loans not individually evaluated			$ 11,485	$ 41,605

Loans - Recorded investment in

Loans - Recorded investment in loans - (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
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)			$ 1,410,512
Collectively evaluated for impairment without reserve			169,007,010
Ending balance	$ 1,180,365,671	$ 1,150,670,000	967,059,201
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
Collectively evaluated for impairment without reserve			8,375,068
Ending balance	118,212,574		111,563,725
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)	1,599,530		206,050
Collectively evaluated for impairment without reserve			81,422,709
Ending balance	792,075,927		628,559,703
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 (ASC 310-20 at acquisition)			1,204,462
Collectively evaluated for impairment without reserve			78,900,859
Ending balance	262,344,776		218,127,372
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			308,374
Ending balance	7,732,394	6,875,115	8,808,401
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	2,982,650		475,328
Individually evaluated for impairment without specific reserve	2,934,642		2,361,550
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition)	4,515,597
Other loans not individually evaluated	945,422,766		792,695,122
Ending balance	951,340,058	912,960,157
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	831,565		456,798
Individually evaluated for impairment without specific reserve	1,102,134		688,327
Other loans not individually evaluated	107,793,006		102,043,532
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	2,151,085
Individually evaluated for impairment without specific reserve	1,832,508		1,562,664
Other loans not individually evaluated	658,083,726		545,312,779
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 with specific reserve			18,530
Individually evaluated for impairment without specific reserve			110,559
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	1,963,090
Other loans not individually evaluated	172,023,714		136,838,784
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
Other loans not individually evaluated	7,522,320		8,500,027
Ending balance	7,522,320	6,631,311
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 without specific reserve (ASC 310-20 at acquisition)	521,068
Individually evaluated for impairment with specific reserve ( ASC 310.20 at acquisition)			1,109,679
Collectively evaluated for impairment without reserve	223,988,948
Ending balance	229,025,613	237,709,843
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)	952,977
Collectively evaluated for impairment without reserve	7,532,892
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 with specific reserve ( ASC 310.20 at acquisition)			55,501
Collectively evaluated for impairment without reserve	128,409,078
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 without specific reserve (ASC 310-20 at acquisition)	521,068
Individually evaluated for impairment with specific reserve ( ASC 310.20 at acquisition)			$ 1,054,178
Collectively evaluated for impairment without reserve	87,836,904
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	210,074
Ending balance	$ 210,074	$ 243,804

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details)	3 Months Ended
	Mar. 31, 2016USD ($)item	Dec. 31, 2015USD ($)
Other real estate owned
Number of components in which the other real estate owned were segmented | item	2
Transactions in other real estate owned during the period
Beginning balance	$ 2,472,044
Real estate acquired through foreclosure of loans	261,700
Additional write down of real estate owned	(35,400)
Sales/deposit on sales	(4,208)
Net realized gain on sale of real estate owned	(4,208)
Total end of period	2,698,344
Residential foreclosures classified as other real estate	772,000
Loans secured by residential real estate in process of foreclosure	518,000	$ 583,000
Legacy
Transactions in other real estate owned during the period
Beginning balance	425,000
Total end of period	425,000
Acquired
Transactions in other real estate owned during the period
Beginning balance	2,047,044
Real estate acquired through foreclosure of loans	261,700
Additional write down of real estate owned	(35,400)
Sales/deposit on sales	(4,208)
Net realized gain on sale of real estate owned	(4,208)
Total end of period	$ 2,273,344

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
EARNINGS PER COMMON SHARE
Weighted average number of shares	10,802,560	10,807,366
Dilutive average number of shares	11,022,469	10,899,030

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stock based compensation
Stock-based compensation expense	$ 114,432	$ 91,902
Unrecognized compensation cost related to non-vested stock options	$ 891,270
Period over which unrecognized compensation cost is expected to be realized	2 years 6 months
Stock options
Stock based compensation
Options granted (in shares)		50,597
Options granted (in dollars per share)	$ 5.38
Restricted stock
Stock based compensation
Restricted stock granted (in shares)	9,669	9,331
Restricted stock granted (in dollars per share)	$ 17.75
Restricted stock forfeited (in shares)	0	0

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Assets and liabilities measured at fair value
Fair Value Assets transfers amount				$ 0	$ 0
Gain (loss) on disposal of assets	$ 19,975
Available-for-sale		$ 190,749,087	$ 194,705,675
U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale		2,995,899	3,000,000
U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale		35,471,034	36,606,663
Municipal securities
Assets and liabilities measured at fair value
Available-for-sale		55,118,310	50,202,706
FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale		21,151,042	21,763,157
FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale		47,924,407	49,101,471
GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale		28,088,395	29,418,009
SBA loan pools
Assets and liabilities measured at fair value
Available-for-sale			4,613,669
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets and liabilities measured at fair value
Available-for-sale	$ 2,996,000		3,000,000
Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Available-for-sale		187,753,000	191,706,000
Carrying Value
Assets and liabilities measured at fair value
Available-for-sale		190,749,000	194,706,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets and liabilities measured at fair value
Assets		2,996,000	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		2,996,000	3,000,000
Recurring basis | Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Assets		187,753,000	191,706,000
Recurring basis | Other Observable Inputs (Level 2) | U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale		35,471,000	36,607,000
Recurring basis | Other Observable Inputs (Level 2) | Municipal securities
Assets and liabilities measured at fair value
Available-for-sale		55,118,000	50,203,000
Recurring basis | Other Observable Inputs (Level 2) | FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale		21,151,000	21,763,000
Recurring basis | Other Observable Inputs (Level 2) | FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale		47,925,000	49,101,000
Recurring basis | Other Observable Inputs (Level 2) | GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale		28,088,000	29,418,000
Recurring basis | Other Observable Inputs (Level 2) | SBA loan pools
Assets and liabilities measured at fair value
Available-for-sale			4,614,000
Recurring basis | Carrying Value
Assets and liabilities measured at fair value
Assets		190,749,000	194,706,000
Recurring basis | Carrying Value | U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale		2,996,000	3,000,000
Recurring basis | Carrying Value | U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale		35,471,000	36,607,000
Recurring basis | Carrying Value | Municipal securities
Assets and liabilities measured at fair value
Available-for-sale		55,118,000	50,203,000
Recurring basis | Carrying Value | FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale		21,151,000	21,763,000
Recurring basis | Carrying Value | FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale		47,925,000	49,101,000
Recurring basis | Carrying Value | GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale		$ 28,088,000	29,418,000
Recurring basis | Carrying Value | SBA loan pools
Assets and liabilities measured at fair value
Available-for-sale			$ 4,614,000

Fair Value Measurement - Assets

Fair Value Measurement - Assets measured at fair value on a nonrecurring basis - (Details)	3 Months Ended
	Mar. 31, 2016USD ($)item	Dec. 31, 2015USD ($)
Assets and liabilities measured at fair value
Impaired Loans	$ 9,965,060	$ 7,056,609
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	$ 5,917,292	6,057,441
Acquired
Assets and liabilities measured at fair value
Impaired Loans	$ 4,047,768	999,168
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%
Nonrecurring basis | Significant Unobservable Inputs (Level 3)
Assets and liabilities measured at fair value
Impaired Loans	$ 1,908,000	7,291,000
Other real estate owned	262,000	2,472,000
Assets	2,170,000	9,763,000
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Legacy
Assets and liabilities measured at fair value
Impaired Loans		5,333,000
Other real estate owned		425,000
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Acquired
Assets and liabilities measured at fair value
Impaired Loans	1,908,000	1,958,000
Other real estate owned	262,000	2,047,000
Nonrecurring basis | Carrying Value
Assets and liabilities measured at fair value
Impaired Loans	1,908,000	7,291,000
Other real estate owned	262,000	2,472,000
Assets	2,170,000	9,763,000
Nonrecurring basis | Carrying Value | Legacy
Assets and liabilities measured at fair value
Impaired Loans		5,333,000
Other real estate owned		425,000
Nonrecurring basis | Carrying Value | Acquired
Assets and liabilities measured at fair value
Impaired Loans	1,908,000	1,958,000
Other real estate owned	$ 262,000	$ 2,047,000

Fair Value Measurement - Estima

Fair Value Measurement - Estimated fair value of financial instruments - (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Assets:
Loans held-for-sale	$ 4,348,156	$ 8,277,775
Investment securities available for sale	190,749,087	194,705,675
Bank Owned Life Insurance	36,843,873	36,606,105
Accrued interest receivable	3,655,444	3,814,546
Liabilities:
Non-interest bearing	328,797,753	328,549,405
Interest bearing	904,751,898	907,330,561
Accrued interest payable	448,677	416,686
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents		43,701,000	$ 35,585,000
Investment securities available for sale		3,000,000	2,996,000
Other Observable Inputs (Level 2)
Assets:
Loans held-for-sale	4,348,000	8,397,000
Investment securities available for sale	187,753,000	191,706,000
Equity securities at cost	5,711,000	4,942,000
Accrued interest receivable	751,000	908,000
Liabilities:
Non-interest bearing	328,798,000	328,549,000
Interest bearing	916,386,000	908,356,000
Short term borrowings	118,571,000	107,557,000
Long term borrowings	9,562,000	9,593,000
Accrued interest payable	449,000	417,000
Significant Unobservable Inputs (Level 3)
Assets:
Loans receivable, net		1,153,976,000	1,191,700,000
Accrued interest receivable		2,907,000	$ 2,904,000
Carrying Value
Assets:
Cash and cash equivalents	35,585,000	43,701,000
Loans receivable, net	1,175,828,000	1,147,035,000
Loans held-for-sale	4,348,000	8,112,000
Investment securities available for sale	190,749,000	194,706,000
Equity securities at cost	5,711,000	4,942,000
Accrued interest receivable	3,655,000	3,815,000
Liabilities:
Non-interest bearing	328,798,000	328,549,000
Interest bearing	904,752,000	907,331,000
Short term borrowings	118,571,000	107,557,000
Long term borrowings	9,562,000	9,593,000
Accrued interest payable	449,000	417,000
Total Estimated Fair Value
Assets:
Cash and cash equivalents	35,585,000	43,701,000
Loans receivable, net	1,191,700,000	1,153,976,000
Loans held-for-sale	4,348,000	8,397,000
Investment securities available for sale	190,749,000	194,706,000
Equity securities at cost	5,711,000	4,942,000
Accrued interest receivable	3,655,000	3,815,000
Liabilities:
Non-interest bearing	328,798,000	328,549,000
Interest bearing	916,386,000	908,356,000
Short term borrowings	118,571,000	107,557,000
Long term borrowings	9,562,000	9,593,000
Accrued interest payable	$ 449,000	$ 417,000

Short Term Borrowings (Details)

Short Term Borrowings (Details) - Repurchase agreements $ in Millions	Mar. 31, 2016USD ($)
Short term borrowings
Maximum borrowing capacity	$ 29.6
Value of collateral provided	$ 41

Acquisition of Regal Bancorp 47

Acquisition of Regal Bancorp Inc (Details)	Dec. 04, 2015USD ($)$ / sharesshares	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
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
Net identifiable assets acquired over (under) assumed
Goodwill		$ 9,786,357	$ 9,786,357
Regal Bancorp Inc.
Regal Acquisition Abstract
Business acquisition, share price | $ / shares	$ 2
Purchase price per REGAL share (in dollar per share) | $ / shares	$ 12.68
Holder's right to receive shares for conversion of each share of common stock of acquiree | shares	0.7718
Business acquisition restriction percentage on extent of cash consideration	59
Shares issued | shares	230,640
Purchase price as of acquisition date and the identifiable assets acquired and liabilities assumed
Total purchase price for Regal acquisition	$ 6,996,922
Assets
Cash and due from banks	6,344,304
Investment securities available for sale	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
Fair Value of net assets acquired	5,004,230
Goodwill	$ 1,992,692