Old Line Bancshares (OLBK) 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 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	Jun. 30, 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		10,839,021
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 32,123,006	$ 40,239,384
Interest bearing accounts	1,167,418	1,135,263
Federal funds sold	352,572	2,326,045
Total cash and cash equivalents	33,642,996	43,700,692
Investment securities available for sale-at fair value	190,297,596	194,705,675
Loans held for sale, fair value of $6,382,539 and $8,277,775	6,111,808	8,112,488
Loans held for investment (net of allowance for loan losses of $6,018,923 and $4,909,818, respectively)	1,242,017,598	1,147,034,715
Equity securities at cost	7,304,646	4,942,346
Premises and equipment	36,567,012	36,174,978
Accrued interest receivable	3,704,287	3,814,546
Deferred income taxes	12,666,462	13,820,679
Bank owned life insurance	37,081,638	36,606,105
Other real estate owned	2,443,543	2,472,044
Goodwill	9,786,357	9,786,357
Core deposit intangible	3,923,987	4,351,226
Other assets	4,482,981	4,567,038
Total assets	1,590,030,911	1,510,088,889
Deposits
Non-interest bearing	313,439,435	328,549,405
Interest bearing	949,451,184	907,330,561
Total deposits	1,262,890,619	1,235,879,966
Short term borrowings	153,751,725	107,557,246
Long term borrowings	9,559,018	9,593,318
Accrued interest payable	448,406	416,686
Supplemental executive retirement plan	5,479,842	5,336,509
Income taxes payable	5,418,623	3,615,677
Other liabilities	3,275,804	3,700,598
Total liabilities	1,440,824,037	1,366,100,000
Stockholders' equity
Common stock, par value $0.01 per share; 25,000,000 shares authorized; 10,816,429 and 10,802,560 shares issued and outstanding in 2016 and 2015, respectively	108,164	108,026
Additional paid-in capital	105,555,548	105,293,606
Retained earnings	42,275,517	38,290,876
Accumulated other comprehensive income	1,009,402	38,200
Total Old Line Bancshares, Inc. stockholders’ equity	148,948,631	143,730,708
Non-controlling interest	258,243	258,181
Total stockholders' equity	149,206,874	143,988,889
Total liabilities and stockholders' equity	$ 1,590,030,911	$ 1,510,088,889

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Consolidated Balance Sheets
Loans held for sale, fair value (in dollars)	$ 6,382,539	$ 8,277,775
Loans held for investment, allowance for loan losses (in dollars)	$ 6,018,923	$ 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	10,816,429	10,802,560
Common stock, shares outstanding	10,816,429	10,802,560

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest Income
Loans, including fees	$ 13,562,643	$ 11,516,860	$ 26,619,823	$ 23,138,353
U.S. treasury securities	4,997	2,630	8,774	5,236
U.S. government agency securities	85,686	132,736	211,418	266,094
Mortgage backed securities	494,145	350,544	1,007,450	723,554
Municipal securities	371,596	305,650	731,032	620,634
Federal funds sold	376	184	1,501	360
Other	94,297	43,850	192,068	105,800
Total interest income	14,613,740	12,352,454	28,772,066	24,860,031
Interest expense
Deposits	1,309,379	1,021,560	2,579,811	1,932,517
Borrowed funds	328,613	159,707	604,272	294,423
Total interest expense	1,637,992	1,181,267	3,184,083	2,226,940
Net interest income	12,975,748	11,171,187	25,587,983	22,633,091
Provision for loan losses	300,000	85,658	1,078,611	647,389
Net interest income after provision for loan losses	12,675,748	11,085,529	24,509,372	21,985,702
Non-interest income
Service charges on deposit accounts	433,498	441,382	844,835	856,584
Gain on sales or calls of investment securities	823,214	3,924	900,212	64,618
Earnings on bank owned life insurance	282,358	249,421	564,544	497,805
Gain on disposal of assets	22,784		22,784	19,975
Rental Income	208,556	209,568	417,135	418,348
Income on marketable loans	587,030	484,635	964,168	1,048,517
Other fees and commissions	206,244	115,460	833,659	391,979
Total non-interest income	2,563,684	1,504,390	4,547,337	3,297,826
Non-interest expense
Salaries and benefits	5,472,638	4,331,572	10,849,190	8,510,468
Occupancy and equipment	1,647,490	1,338,660	3,372,043	2,738,536
Data processing	383,689	367,190	781,481	719,250
FDIC insurance and State of Maryland assessments	285,630	251,993	520,914	500,886
Merger and integration	301,538		661,019
Core deposit premium amortization	200,998	193,766	427,239	403,883
(Gain)/loss on sales of other real estate owned	(48,099)	9,169	(52,307)	143,923
OREO expense	63,192	75,552	218,158	195,753
Directors Fees	162,900	160,200	331,700	330,200
Network services	146,334	195,447	283,230	377,110
Telephone	201,141	160,901	419,775	325,837
Other operating	1,735,287	1,708,500	3,364,815	3,200,245
Total non-interest expense	10,552,738	8,792,950	21,177,257	17,446,091
Income before income taxes	4,686,694	3,796,969	7,879,452	7,837,437
Income tax expense	1,554,000	1,195,273	2,597,366	2,490,308
Net income	3,132,694	2,601,696	5,282,086	5,347,129
Less: Net loss (gain) attributable to the non-controlling interest	1,728	776	62	(7,944)
Net income available to common stockholders	$ 3,130,966	$ 2,600,920	$ 5,282,024	$ 5,355,073
Basic earnings per common share (in dollars per share)	$ 0.29	$ 0.25	$ 0.49	$ 0.50
Diluted earnings per common share (in dollars per share)	0.28	0.24	0.48	0.49
Dividend per common share (in dollars per share)	$ 0.06	$ 0.05	$ 0.12	$ 0.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidated Statements of Comprehensive Income
Net income	$ 3,132,694	$ 2,601,696	$ 5,282,086	$ 5,347,129
Other comprehensive income:
Unrealized gain (loss) on securities available for sale, net of taxes	790,018	(882,295)	1,516,325	(67,500)
Reclassification adjustment for realized gain on securities available for sale included in net income	(498,497)	(2,376)	(545,123)	(39,129)
Other comprehensive income (loss)	291,521	(884,671)	971,202	(106,629)
Comprehensive Income	3,424,215	1,717,025	6,253,288	5,240,500
Comprehensive income (loss) attributable to the non-controlling interest	1,728	776	62	(7,944)
Comprehensive income available to common stockholders	$ 3,422,487	$ 1,716,249	$ 6,253,226	$ 5,248,444

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidated Statements of Comprehensive Income
Unrealized gain (loss) on securities available for sale, taxes	$ 514,611	$ (574,719)	$ 987,721	$ (43,969)
Reclassification adjustment for realized gain on securities available for sale included in net income, taxes	$ (324,717)	$ (1,548)	$ (355,089)	$ (25,489)

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - 6 months ended Jun. 30, 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.			5,282,024			$ 5,282,024
Unrealized gain on securities available for sale, net of income tax benefit of $632,633				971,202		971,202
Net loss attributable to non-controlling interest					62	62
Stock based compensation awards		262,080				262,080
Restricted stock issued	$ 138	(138)
Restricted stock issued (in shares)	13,869
Common stock cash dividends $0.06 per share			(1,297,383)			(1,297,383)
Balance at Jun. 30, 2016	$ 108,164	$ 105,555,548	$ 42,275,517	$ 1,009,402	$ 258,243	$ 149,206,874
Balance (in shares) at Jun. 30, 2016	10,816,429					10,816,429

Consolidated Statement of Chan8

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical)	6 Months Ended
	Jun. 30, 2016USD ($)$ / shares
Consolidated Statement of Changes in Stockholders' Equity
Unrealized gain on securities available for sale, income tax expense (benefit) | $	$ 632,633
Dividend per common share (in dollars per share) | $ / shares	$ 0.12

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net income	$ 5,282,086	$ 5,347,129
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	1,320,718	1,135,823
Provision for loan losses	1,078,611	647,389
Change in deferred loan fees net of costs	47,952	18,279
(Gain)/loss on sales or calls of securities	(900,212)	(64,618)
Amortization of premiums and discounts	445,587	452,813
Loans originated for sale	(38,982,301)	(54,080,338)
Proceeds from the sale of loans orignated for sale	40,982,984	52,266,793
Gain on sale of loans	(964,168)	(1,048,517)
(Gain)/loss on sales of other real estate owned	(52,307)	143,923
Write down of other real estate owned		57,375
Gain on sale of fixed assets	(22,784)	(19,975)
Amortization of intangible assets	427,239	403,883
Deferred income taxes	521,555	3,067,155
Stock based compensation awards	262,080	182,067
Cash flows from operating activities	10,719,028	6,152,257
Increase (decrease) in
Accrued interest payable	31,720	56,903
Income tax payable	1,802,946	(485,435)
Income tax receivable		(1,198,299)
Supplemental executive retirement plan	143,333	127,528
Other liabilities	(424,794)	41,251
Decrease (increase) in
Accrued interest receivable	110,259	(123,142)
Bank owned life insurance	(475,533)	(427,200)
Other assets	84,057	(348,529)
Cash flows from investing activities
Purchase of investment securities available for sale	(88,943,976)
Proceeds from disposal of investment securities
Available for sale at maturity, call or paydowns	95,410,514	9,936,344
Loans made, net of principal collected	(95,145,250)	(81,661,710)
Proceeds from sale of other real estate owned	52,307	1,034,932
Investments in other real estate owned	28,501
Redemption / improvements of equity securities	(2,362,300)	2,246,101
Purchase of premises and equipment	(1,689,968)	(602,096)
Net cash provided by investing activities	(92,650,172)	(69,046,429)
Net increase (decrease) in
Time deposits	5,654,458	26,251,703
Other deposits	21,356,195	42,422,747
Short term borrowings	46,194,479	15,719,553
Long term borrowings	(34,300)	(55,985)
Stock proceeds from stock repurchase program		(4,191,596)
Proceeds from stock options exercised		271,952
Cash dividends paid-common stock	(1,297,384)	(1,069,370)
Net cash used in financing activities	71,873,448	79,349,004
Net increase (decrease) in cash and cash equivalents	(10,057,696)	16,454,832
Cash and cash equivalents at beginning of period	43,700,692	25,404,736
Cash and cash equivalents at end of period	33,642,996	41,859,568
Supplemental Disclosure of Cash Flow Information:
Interest	2,743,048	1,904,014
Income taxes	885,000	$ 1,060,000
Supplemental Disclosure of Non-Cash Flow Operating Activities:
Loans transferred to other real estate owned	$ 261,700

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Description of Business - Old Line Bancshares, Inc. (Old Line Bancshares) was incorporated under the laws of the State of Maryland on April 11, 2003 to serve as the holding company of Old Line Bank. 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 June 30, 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 - 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. Old Line Bancshares is currently evaluating the provisions of this amendment to determine the potential impact the new standard will have on Old Line Bancshares’ consolidated financial statements as it relates to our most recent acquisition and future business combinations. 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. Old Line Bancshares 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. Old Line Bancshares is currently assessing the impact that the adoption of this standard will have on the financial condition and results of operations of Old Line Bancshares. In June 2016 , the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which sets forth a “current expected credit loss” ("CECL") model requiring Old Line Bancshares to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. For public business entities that are U.S. Securities and Exchange Commission filers, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Old Line Bancshares is currently assessing the impact of the adoption of this ASU on its consolidated financial statements

Pointer Ridge Office Investment

Pointer Ridge Office Investment, LLC	6 Months Ended
	Jun. 30, 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. June 30, December 31, Balance Sheets 2016 2015 Current assets $ $ Non-current assets Liabilities Equity Three Months Ended Six Months Ended June 30, June 30, Statements of Income 2016 2015 2016 2015 Revenue $ $ $ $ Expenses Net income (loss) $ $ $ $

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 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 June 30, 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 — $ $ $ $ At June 30, 2016 and December 31, 2015, securities with unrealized losses segregated by length of impairment were as follows: June 30, 2016 Less than 12 months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. government agency $ $ $ $ $ $ Municipal securities — — Mortgage backed securities FHLMC certificates — — FNMA certificates — — GNMA certificates 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 — — $ $ $ $ $ $ At June 30, 2016 and December 31, 2015, we had 11 and 23 investment securities, respectively, in an unrealized loss position greater than the 12 month time frame and 11 a nd 71 securities, respectively, in an unrealized loss position less than the 12 month time frame. We consider all unrealized losses on securities as of June 30, 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 June 30, 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 June 30, 2016, we received $74.5 million in proceeds from sales, maturities or calls and principal pay-downs on investment securities and realized gains of $823 thousand. Such sales, maturities or calls and principal pay-downs consisted of the sale of three mortgage backed securities (MBS) pools, one municipal bond, 17 callable agency securities, 19 municipal bonds and 22 MBS during the three month period ending June 30, 2016. All the net proceeds of these transactions were used to purchase new investment securities. There were no sales of investment securities for the three months ending June 30, 2015. There were three municipal bonds that were called and one agency security that matured during the three month period ended June 30, 2015, and the remaining discount/accretion of $4 thousand on the called bonds was recorded as gain on sale. During the six months ended June 30, 2016, we received $95.4 million in proceeds from sales, maturities or calls and principal pay-downs on investment securities and realized gains of $967 thousand and realized losses of $67 thousand for total realized net gain of $900 thousand. The net proceeds of these transactions were used to re-balance the investment portfolio which resulted in an overall slightly higher yield on our security investments. There were no sales of investment securities for the six months ending June 30, 2015, however, there were a total of five municipal bonds that were called and one agency security that matured for a total of $65 thousand in gains. Contractual maturities and pledged securities at June 30, 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 June 30, 2016 cost value Maturing Within one year $ $ Over one to five years Over five to ten years Over ten years $ $ Pledged securities $ $

LOANS

LOANS	6 Months Ended
	Jun. 30, 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: June 30, 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 of The Washington Savings Bank (WSB), in 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 $848.8 million and $767.6 million at June 30, 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 June 30, 2016, we had approximately $129.8 million 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 $271.7 million and $260.7 million at June 30, 2016 and December 31, 2015, respectively. Although most of these loans are in our market area, the diversity of the individual loans in the portfolio reduces our potential risk. Usually, we secure our residential real estate loans with a security interest in the borrower’s primary or secondary residence with a loan to value not exceeding 85%. Our initial underwriting includes an analysis of the borrower’s debt/income ratio which generally may not exceed 43%, collateral value, length of employment and prior credit history. A credit score of 660 is required. We do not originate any subprime residential real estate loans. This segment of our portfolio also consists of funds advanced for construction of custom single family residences homes (where the home buyer is the borrower) and financing to builders for the construction of pre-sold homes and multi ‑family housing. These loans generally have short durations, meaning maturities typically of twelve months or less. 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 June 30, 2016 and December 31, 2015. Age Analysis of Past Due Loans June 30, 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 Commercial — Consumer — — Total 30-89 days past due 90 or more days past due Commercial Real Estate: Land and A&D — — — — Consumer — — — — Total 90 or more days past due — — — — Total accruing past due loans Recorded Investment Non-accruing loans: Commercial Real Estate: Owner Occupied — — Investment — — — — Hospitality Land and A&D — — — — Residential Real Estate: First-Investment — First-Owner Occupied — — 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 June 30, 2016 and December 31, 2015. Impaired Loans at June 30, 2016 Three months June 30, 2016 Six Months Ended June 30, 2016 Unpaid Average Interest Average Interest Principal Recorded Related Recorded Income Recorded Income Balance Investment Allowance Investment Recognized Investment Recognized Legacy With no related allowance recorded: Commercial Real Estate: Owner Occupied $ $ $ — $ $ $ $ Investment — Commercial — With an allowance recorded: Commercial Real Estate: Owner Occupied Hospitality Commercial Total legacy impaired Acquired (1) With no related allowance recorded: Commercial Real Estate: Land and A&D — Residential Real Estate: First-Owner Investment — First-Owner Occupied — Land and A&D — — — Commercial — With an allowance recorded: Residential Real Estate: 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 — 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 June 30, 2016 consisted of six loans for $908 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 and six months ended June 30, 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 or six month periods ending June 30, 2016. Loans Modified as a TDR for the three months ended June 30, 2016 June 30, 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 — $ — $ — — $ — $ — Loans Modified as a TDR for the six months ended June 30, 2016 June 30, 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 six months ended June 30, 2016 and 2015, along with the outstanding balances and related carrying amounts for the beginning and end of those respective periods. June 30, 2016 June 30, 2015 Balance at beginning of period $ $ Accretion of fair value discounts Payoff of acquired loans — Reclassification from non-accretable Balance at end of period $ $ Contractually Required Payments Receivable Carrying Amount At June 30, 2016 $ $ At December 31, 2015 At June 30, 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 June 30, 2016 and December 31, 2015: June 30, 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 Hospitality — 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 and six month periods ended June 30, 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 June 30, 2016 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries — Loans charged off — — Ending Balance $ $ $ $ $ Commercial Residential Six Months Ended June 30, 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 June 30, 2015 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries — Loans charged off — Ending Balance $ $ $ $ $ Commercial Residential Six Months Ended June 30, 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 June 30, 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 June 30, 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 June 30, 2015 Commercial Real Estate Real Estate Consumer Total Legacy loans: Individually evaluated for impairment with specific reserve $ — $ $ $ — $ Individually evaluated for impairment without specific reserve — Other loans not individually evaluated Acquired loans: Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) — — Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) — Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition) — Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) Ending balance $ $ $ $ $

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	6 Months Ended
	Jun. 30, 2016
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED	5. OTHER REAL ESTATE OWNED At June 30, 2016 and December 31, 2015, the fair value of other real estate owned was $2.4 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. Six Months Ended June 30, 2016 Legacy Acquired Total Beginning balance $ $ $ Real estate acquired through foreclosure of loans — Additional valuation 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 June 30, 2016, residential foreclosures classified as other real estate owned totaled $ 1.8 million. Loans secured by residential real estate in process of foreclosure totaled $518 thousand at June 30, 2016 compared to $ 583 thousand at December 31, 2015.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 Weighted average number of shares Dilutive average number of shares

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	6 Months Ended
	Jun. 30, 2016
STOCK BASED COMPENSATION
STOCK BASED COMPENSATION	7. STOCK BASED COMPENSATION For the three months ended June 30, 2016 and 2015, we recorded stock-based compensation expense of $ 147,649 and $ 91,902 , respectively. For the six months ended June 30, 2016 and 2015, we recorded stock-based compensation expense of $262,080 and $182,067 , respectively. At June 30, 2016, there was $1,151,228 million 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 June 30, 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 six month period ended June 30, 2016 compared to 22,000 options exercised during the six month period ended June 30, 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 six months ended June 30, 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 six months ended June 30, 2016 and 2015, we granted 13,869 and 9,331 restricted common stock awards, respectively. The weighted average grant date fair value of these restricted stock awards is $17.75 at June 30, 2016. There were no restricted shares forfeited during the six month periods ending June 30, 2016 and 2015.

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2016 and year ended December 31, 201 5, there were no transfers between levels. At June 30, 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 June 30, 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 June 30, 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 June 30, 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 June 30, 2016 and December 31, 2015, we estimated the fair value of impaired assets using Level 3 inputs to be $11.3 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. June 30, 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	6 Months Ended
	Jun. 30, 2016
Short Term Borrowings
Short Term Borrowings	9. SHORT TERM BORROWINGS Short term borrowings consist of promissory notes or overnight repurchase 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 $27.3 million in repurchase agreements at June 30, 2016, we have provided collateral in the form of investment securities. At June 30, 2016 we have pledged $35.5 million in U.S. government agency securities and mortgage-backed securities to customers who require 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 $27.3 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	6 Months Ended
	Jun. 30, 2016
Regal Acquisition
Regal Acquisition	10. REGAL ACQUISITION On December 4, 2015, Old Line Bancshares completed its acquisition of Regal, the parent company of 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 Bank’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)	6 Months Ended
	Jun. 30, 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 June 30, 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 Estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions may affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for loan losses.
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. Old Line Bancshares is currently evaluating the provisions of this amendment to determine the potential impact the new standard will have on Old Line Bancshares’ consolidated financial statements as it relates to our most recent acquisition and future business combinations. 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. Old Line Bancshares 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. Old Line Bancshares is currently assessing the impact that the adoption of this standard will have on the financial condition and results of operations of Old Line Bancshares. In June 2016 , the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which sets forth a “current expected credit loss” ("CECL") model requiring Old Line Bancshares to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. For public business entities that are U.S. Securities and Exchange Commission filers, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Old Line Bancshares is currently assessing the impact of the adoption of this ASU on its consolidated financial statements.

Pointer Ridge Office Investme21

Pointer Ridge Office Investment, LLC (Tables)	6 Months Ended
	Jun. 30, 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. June 30, December 31, Balance Sheets 2016 2015 Current assets $ $ Non-current assets Liabilities Equity Three Months Ended Six Months Ended June 30, June 30, Statements of Income 2016 2015 2016 2015 Revenue $ $ $ $ Expenses Net income (loss) $ $ $ $

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 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	June 30, 2016 Less than 12 months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. government agency $ $ $ $ $ $ Municipal securities — — Mortgage backed securities FHLMC certificates — — FNMA certificates — — GNMA certificates 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 June 30, 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)	6 Months Ended
	Jun. 30, 2016
Loans and Allowance for Loan Losses
Summary of major classifications of loans held for investment	June 30, 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 of The Washington Savings Bank (WSB), in 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 June 30, 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 Commercial — Consumer — — Total 30-89 days past due 90 or more days past due Commercial Real Estate: Land and A&D — — — — Consumer — — — — Total 90 or more days past due — — — — Total accruing past due loans Recorded Investment Non-accruing loans: Commercial Real Estate: Owner Occupied — — Investment — — — — Hospitality Land and A&D — — — — Residential Real Estate: First-Investment — First-Owner Occupied — — Commercial — Consumer — — — — — — Total Recorded Investment Non-accruing loans: Total Loans $ $ $ $ $ $
Summary of impaired loans	Impaired Loans at June 30, 2016 Three months June 30, 2016 Six Months Ended June 30, 2016 Unpaid Average Interest Average Interest Principal Recorded Related Recorded Income Recorded Income Balance Investment Allowance Investment Recognized Investment Recognized Legacy With no related allowance recorded: Commercial Real Estate: Owner Occupied $ $ $ — $ $ $ $ Investment — Commercial — With an allowance recorded: Commercial Real Estate: Owner Occupied Hospitality Commercial Total legacy impaired Acquired (1) With no related allowance recorded: Commercial Real Estate: Land and A&D — Residential Real Estate: First-Owner Investment — First-Owner Occupied — Land and A&D — — — Commercial — With an allowance recorded: Residential Real Estate: 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 — 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 and six months ended June 30, 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 or six month periods ending June 30, 2016. Loans Modified as a TDR for the three months ended June 30, 2016 June 30, 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 — $ — $ — — $ — $ — Loans Modified as a TDR for the six months ended June 30, 2016 June 30, 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	June 30, 2016 June 30, 2015 Balance at beginning of period $ $ Accretion of fair value discounts Payoff of acquired loans — Reclassification from non-accretable Balance at end of period $ $ Contractually Required Payments Receivable Carrying Amount At June 30, 2016 $ $ At December 31, 2015 At June 30, 2015 At December 31, 2014
Schedule of allocation of allowance for loan losses by risk rating	June 30, 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 Hospitality — 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	The following table details activity in the allowance for loan losses by portfolio segment for the three and six month periods ended June 30, 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 June 30, 2016 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries — Loans charged off — — Ending Balance $ $ $ $ $ Commercial Residential Six Months Ended June 30, 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 June 30, 2015 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries — Loans charged off — Ending Balance $ $ $ $ $ Commercial Residential Six Months Ended June 30, 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 June 30, 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 June 30, 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 June 30, 2015 Commercial Real Estate Real Estate Consumer Total Legacy loans: Individually evaluated for impairment with specific reserve $ — $ $ $ — $ Individually evaluated for impairment without specific reserve — Other loans not individually evaluated Acquired loans: Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) — — Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) — Individually evaluated for impairment without specific reserve (ASC 310-30 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)	6 Months Ended
	Jun. 30, 2016
OTHER REAL ESTATE OWNED
Schedule of transactions in other real estate owned during the period	Six Months Ended June 30, 2016 Legacy Acquired Total Beginning balance $ $ $ Real estate acquired through foreclosure of loans — Additional valuation 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)	6 Months Ended
	Jun. 30, 2016
EARNINGS PER COMMON SHARE
Schedule of weighted average and dilutive average number of shares	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Weighted average number of shares Dilutive average number of shares

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Measurement
Schedule of assets and liabilities measured at fair value on a recurring basis	At June 30, 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 June 30, 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	June 30, 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)	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Condensed Balance Sheets
Liabilities	$ 1,440,824,037		$ 1,440,824,037		$ 1,366,100,000
Equity	149,206,874		149,206,874		143,988,889
Condensed Statements of Income
Net income	3,132,694	$ 2,601,696	$ 5,282,086	$ 5,347,129
Pointer Ridge
Pointer Ridge Office Investment, LLC
Ownership percentage			62.50%
Condensed Balance Sheets
Current assets	373,677		$ 373,677		281,441
Non-current assets	6,140,685		6,140,685		6,281,601
Liabilities	5,825,715		5,825,715		5,874,560
Equity	688,647		688,647		$ 688,484
Condensed Statements of Income
Revenue	251,300	243,981	502,374	487,258
Expenses	246,691	241,912	502,210	508,442
Net income	$ 4,609	$ 2,069	$ 164	$ (21,184)
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 ($)	Jun. 30, 2016	Dec. 31, 2015
Investment securities
Amortized cost	$ 188,630,679	$ 194,642,591
Gross unrealized gains	1,754,667	1,229,338
Gross unrealized losses	(87,750)	(1,166,254)
Estimated fair value	190,297,596	194,705,675
U. S. treasury
Investment securities
Amortized cost	2,998,835	2,999,978
Gross unrealized gains	931	118
Gross unrealized losses		(96)
Estimated fair value	2,999,766	3,000,000
U.S. government agency
Investment securities
Amortized cost	5,419,910	36,874,804
Gross unrealized gains	7,543	10,283
Gross unrealized losses	(3,794)	(278,424)
Estimated fair value	5,423,659	36,606,663
Municipal securities
Investment securities
Amortized cost	62,357,478	49,130,632
Gross unrealized gains	1,015,951	1,092,044
Gross unrealized losses	(8,750)	(19,970)
Estimated fair value	63,364,679	50,202,706
FHLMC certificates
Investment securities
Amortized cost	21,558,321	21,734,289
Gross unrealized gains	157,333	55,218
Gross unrealized losses	(7,846)	(26,350)
Estimated fair value	21,707,808	21,763,157
FNMA certificates
Investment securities
Amortized cost	71,029,528	49,461,464
Gross unrealized gains	451,146	22,916
Gross unrealized losses	(4,943)	(382,909)
Estimated fair value	71,475,731	49,101,471
GNMA certificates
Investment securities
Amortized cost	25,266,607	29,758,449
Gross unrealized gains	121,763	48,759
Gross unrealized losses	(62,417)	(389,199)
Estimated fair value	$ 25,325,953	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		6 Months Ended
	Jun. 30, 2016USD ($)securityitem	Jun. 30, 2015USD ($)security	Jun. 30, 2016USD ($)securityitem	Jun. 30, 2015USD ($)security	Dec. 31, 2015USD ($)security
Investment securities
Less than 12 months, Fair value	$ 12,524,059		$ 12,524,059		$ 96,351,663
Less than 12 months, Unrealized losses	42,325		42,325		786,174
12 Months or More, Fair value	9,179,146		9,179,146		22,211,864
12 Months or More, Unrealized losses	45,425		45,425		380,080
Total, Fair value	21,703,206		21,703,206		118,563,527
Total, Unrealized losses	$ 87,750		$ 87,750		$ 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	11		11		23
Number of securities in an unrealized loss position for less than 12 months | security	11		11		71
Gain on sales or calls of investment securities	$ 823,214	$ 3,924	$ 900,212	$ 64,618
Available for sale at maturity, call or paydowns	74,500,000		95,410,514	9,936,344
Gross realized gains from the sale or call of investment securities	823,000		967,000
Gross realized losses from the sale or call of investment securities			67,000
Sale of investment securities		$ 0		0
Number of matured agency security | security		1
Net realized gains (losses) from the sale or call of investment securities	4,000		900,000
U. S. treasury
Investment securities
Less than 12 months, Fair value					$ 1,500,000
Less than 12 months, Unrealized losses					96
Total, Fair value					1,500,000
Total, Unrealized losses					96
U.S. government agency
Investment securities
Less than 12 months, Fair value	2,416,488		2,416,488		33,613,513
Less than 12 months, Unrealized losses	3,423		3,423		261,290
12 Months or More, Fair value	1,499,630		1,499,630		1,482,867
12 Months or More, Unrealized losses	371		371		17,133
Total, Fair value	3,916,118		3,916,118		35,096,380
Total, Unrealized losses	3,794		3,794		278,423
Municipal securities
Investment securities
Less than 12 months, Fair value	2,784,392		2,784,392		4,864,113
Less than 12 months, Unrealized losses	8,750		8,750		12,224
12 Months or More, Fair value					762,762
12 Months or More, Unrealized losses					7,747
Total, Fair value	2,784,392		2,784,392		5,626,875
Total, Unrealized losses	$ 8,750		$ 8,750		19,971
Gross realized gains and proceeds from sales or calls of investment securities
Gross realized gains from the sale or call of investment securities				$ 65,000
Number of bonds sold | item			1
Number of bonds called | security		3		5
Number of matured agency security | security				1
Municipal bonds
Gross realized gains and proceeds from sales or calls of investment securities
Number of bonds sold | item	19
Mortgage backed securities
Gross realized gains and proceeds from sales or calls of investment securities
Number of bonds sold | item	22		3
FHLMC certificates
Investment securities
Less than 12 months, Fair value	$ 3,078,492		$ 3,078,492		9,150,943
Less than 12 months, Unrealized losses	7,846		7,846		26,350
Total, Fair value	3,078,492		3,078,492		9,150,943
Total, Unrealized losses	7,846		7,846		26,350
FNMA certificates
Investment securities
Less than 12 months, Fair value	2,915,538		2,915,538		33,441,909
Less than 12 months, Unrealized losses	4,943		4,943		345,209
12 Months or More, Fair value					2,999,700
12 Months or More, Unrealized losses					37,700
Total, Fair value	2,915,538		2,915,538		36,441,609
Total, Unrealized losses	4,943		4,943		382,909
GNMA certificates
Investment securities
Less than 12 months, Fair value	1,329,149		1,329,149		13,781,185
Less than 12 months, Unrealized losses	17,363		17,363		141,005
12 Months or More, Fair value	7,679,516		7,679,516		12,352,866
12 Months or More, Unrealized losses	45,054		45,054		248,194
Total, Fair value	9,008,666		9,008,666		26,134,051
Total, Unrealized losses	$ 62,417		$ 62,417		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	17

Investment Securities - Contrac

Investment Securities - Contractual maturities and pledged securities - (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Available for Sale, Amortized cost
Within one year	$ 1,499,209
Over one to five years	6,417,766
Over five to ten years	14,866,952
Over ten years	165,846,752
Total available for sale, Amortized cost	188,630,679	$ 194,642,591
Available for Sale, Fair value
Within one year	1,499,297
Over one to five years	6,470,342
Over five to ten years	15,119,768
Over ten years	167,208,189
Estimated fair value	190,297,596	$ 194,705,675
Pledged securities
Amortized cost	35,235,637
Fair value	$ 35,470,113

Loans - (Details)

Loans - (Details)	6 Months Ended
	Jun. 30, 2016USD ($)item	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Held-for-investment
Total before allowance and deferred loan cost	$ 1,246,809,902		$ 1,150,670,000	$ 1,011,798,706
Allowance for loan losses	(6,018,923)	$ (5,705,857)	(4,909,818)	(4,435,913)	$ (4,636,048)	$ (4,281,835)
Deferred loan costs, net	1,226,619		1,274,533
Total Loans	1,242,017,598		1,147,034,715
Commercial real estate loans	848,800,000		767,600,000
Residential Loan Portfolio	$ 271,700,000		260,700,000
Number of board of directors and executives forming loan committee | item	7
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	$ 129,800,000
Commercial Real Estate
Held-for-investment
Total before allowance and deferred loan cost	848,770,539			666,380,625
Allowance for loan losses	$ (3,939,232)	(3,801,163)	(3,046,714)	(2,775,654)	(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	$ 249,847,727		251,122,416
Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	413,080,135		356,183,463
Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	129,782,931		102,217,109
Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	$ 56,059,746		58,123,433
Investor Real Estate
Held-for-investment
Financing Percentage Maximum	75
Residential Real Estate
Held-for-investment
Total before allowance and deferred loan cost	$ 271,698,902			227,816,818
Allowance for loan losses	(927,072)	(904,204)	(682,962)	(756,120)	(1,238,113)	(926,995)
Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	101,714,660		100,656,195
Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	97,233,368		89,691,575
Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	43,947,215		41,798,751
Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	28,803,659		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	120,782,226		115,482,698
Consumer
Held-for-investment
Total before allowance and deferred loan cost	5,558,235		6,875,115	8,448,694
Allowance for loan losses	(9,767)	(11,485)	(11,613)	(31,091)	(41,605)	(100,001)
Commercial
Held-for-investment
Total before allowance and deferred loan cost	120,782,226			109,152,569
Allowance for loan losses	(1,142,852)	$ (989,005)	(1,168,529)	$ (873,048)	$ (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	1,027,578,963		912,960,157
Allowance for loan losses	(5,702,857)		(4,821,214)
Deferred loan costs, net	1,226,619		1,274,533
Total Loans	$ 1,023,102,725		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	$ 196,462,753		193,909,818
Legacy | Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	358,365,721		298,434,087
Legacy | Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	118,939,670		91,440,548
Legacy | Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	49,995,687		50,584,469
Legacy | Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	74,514,405		69,121,743
Legacy | Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	47,761,829		37,486,858
Legacy | Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	38,453,812		35,219,801
Legacy | Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	24,878,535		24,168,289
Legacy | Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	112,819,640		105,963,233
Legacy | Consumer
Held-for-investment
Total before allowance and deferred loan cost	5,386,911		6,631,311
Acquired
Held-for-investment
Total before allowance and deferred loan cost	219,230,939		237,709,843
Allowance for loan losses	(316,066)		(88,604)
Total Loans	218,914,873		237,621,239
Acquired | Commercial Real Estate | Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	53,384,974		57,212,598
Acquired | Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	54,714,414		57,749,376
Acquired | Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	10,843,261		10,776,561
Acquired | Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	6,064,059		7,538,964
Acquired | Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	27,200,255		31,534,452
Acquired | Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	49,471,539		52,204,717
Acquired | Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	5,493,403		6,578,950
Acquired | Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	3,925,124		4,350,956
Acquired | Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	7,962,586		9,519,465
Acquired | Consumer
Held-for-investment
Total before allowance and deferred loan cost	$ 171,324		$ 243,804

Loans - Aging analysis of loans

Loans - Aging analysis of loans - (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Aging analysis of the loan held for investment portfolio
Current	$ 1,234,155,058	$ 1,137,882,394
Accruing past due loans:
Total accruing past due loans	4,682,032	6,893,987
Total Recorded Investment Non-accruing past due loans:	7,972,812	5,893,619
Total loans	1,246,809,902	1,150,670,000	$ 1,011,798,706
Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	4,682,032	6,764,550
Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans		129,437
Commercial Real Estate
Accruing past due loans:
Total loans	848,770,539		666,380,625
Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	2,461,431	2,474,813
Total loans	249,847,727	251,122,416
Commercial Real Estate | Owner Occupied | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	744,114	1,359,110
Commercial Real Estate | Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due
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	413,080,135	356,183,463
Commercial Real Estate | Investment | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	415,908
Commercial Real Estate | Hospitality
Accruing past due loans:
Total accruing past due loans	1,652,237
Total loans	129,782,931	102,217,109
Commercial Real Estate | Land and A&D
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:		261,700
Total loans	56,059,746	58,123,433
Commercial Real Estate | Land and A&D | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	877,629	617,521
Residential Real Estate
Accruing past due loans:
Total loans	271,698,902		227,816,818
Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	224,314	683,139
Total loans	101,714,660	100,656,195
Residential Real Estate | First Lien-Investment | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	1,593,066	1,541,752
Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	865,953	566,701
Total loans	97,233,368	89,691,575
Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	770,279	2,365,861
Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	43,947,215	41,798,751
Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	28,803,659	28,519,245
Commercial
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	2,768,877	1,842,819
Total loans	120,782,226		109,152,569
Commercial | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	46,550	878,267
Consumer
Accruing past due loans:
Total loans	5,558,235	6,875,115	$ 8,448,694
Consumer | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	234,486	2,039
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans		499
Legacy
Aging analysis of the loan held for investment portfolio
Current	1,019,387,462	907,545,764
Accruing past due loans:
Total accruing past due loans	2,479,270	994,318
Total Recorded Investment Non-accruing past due loans:	5,712,231	4,420,075
Total loans	1,027,578,963	912,960,157
Legacy | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	2,479,270	994,318
Legacy | Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	2,461,431	2,474,813
Total loans	196,462,753	193,909,818
Legacy | Commercial Real Estate | Owner Occupied | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	704,925
Legacy | Commercial Real Estate | Investment
Accruing past due loans:
Total loans	358,365,721	298,434,087
Legacy | Commercial Real Estate | Investment | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	268,464
Legacy | Commercial Real Estate | Hospitality
Accruing past due loans:
Total accruing past due loans	1,355,719
Total loans	118,939,670	91,440,548
Legacy | Commercial Real Estate | Land and A&D
Accruing past due loans:
Total loans	49,995,687	50,584,469
Legacy | Commercial Real Estate | Land and A&D | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	476,968	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	74,514,405	69,121,743
Legacy | Residential Real Estate | First Lien-Investment | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	406,717	288,747
Legacy | Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total loans	47,761,829	37,486,858
Legacy | Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	387,710	241,445
Legacy | Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	38,453,812	35,219,801
Legacy | Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	24,878,535	24,168,289
Legacy | Commercial
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	1,895,081	1,842,819
Legacy | Commercial | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans		4,471
Legacy | Consumer
Accruing past due loans:
Total loans	5,386,911	6,631,311
Legacy | Consumer | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	234,486
Acquired
Aging analysis of the loan held for investment portfolio
Current	214,767,596	230,336,630
Accruing past due loans:
Total accruing past due loans	2,202,762	5,899,669
Total Recorded Investment Non-accruing past due loans:	2,260,581	1,473,544
Total loans	219,230,939	237,709,843
Acquired | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	2,202,762	5,770,232
Acquired | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans		129,437
Acquired | Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total loans	53,384,974	57,212,598
Acquired | Commercial Real Estate | Owner Occupied | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	39,189	1,359,110
Acquired | Commercial Real Estate | Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due
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	54,714,414	57,749,376
Acquired | Commercial Real Estate | Investment | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	147,444
Acquired | Commercial Real Estate | Hospitality
Accruing past due loans:
Total accruing past due loans	296,518
Total loans	10,843,261	10,776,561
Acquired | Commercial Real Estate | Land and A&D
Accruing past due loans:
Total accruing past due loans		261,700
Total loans	6,064,059	7,538,964
Acquired | Commercial Real Estate | Land and A&D | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	400,661	157,866
Acquired | Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	224,314	580,696
Total loans	27,200,255	31,534,452
Acquired | Residential Real Estate | First Lien-Investment | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	1,186,349	1,253,005
Acquired | Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	865,953	566,701
Total loans	49,471,539	52,204,717
Acquired | Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	382,569	2,124,416
Acquired | Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	5,493,403	6,578,950
Acquired | Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	3,925,124	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
Accruing past due loans:
Total accruing past due loans	46,550	873,796
Acquired | Consumer
Accruing past due loans:
Total loans	$ 171,324	243,804
Acquired | Consumer | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans		2,039
Acquired | Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans		$ 499

Loans - Impaired loans - (Detai

Loans - Impaired loans - (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Unpaid Principal Balance
Total	$ 11,085,724	$ 11,085,724	$ 7,077,135
Recorded Investment
Total	10,401,536	10,401,536	7,056,609
Related Allowance
Total	1,542,859	1,542,859	813,139
Average Recorded Investment
Total	29,995,007	29,995,188	16,688,819
Interest Income Recognized
Total	112,472	113,411	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	616,862	616,862
Recorded Investment
With no related allowance recorded	344,322	344,322
Average Recorded Investment
With no related allowance recorded	621,069	619,545
Interest Income Recognized
With no related allowance recorded	9,248	9,248
Commercial | First Lien-Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	297,451	297,451
Recorded Investment
With no related allowance recorded	297,451	297,451
Related Allowance
Total	237,921	237,921
Average Recorded Investment
With no related allowance recorded	1,804,205	1,800,018
Legacy
Unpaid Principal Balance
Total	7,205,239	7,205,239	6,057,441
Recorded Investment
Total	7,205,239	7,205,239	6,057,441
Related Allowance
Total	1,226,793	1,226,793	724,535
Average Recorded Investment
Total	18,602,086	18,667,155	14,767,783
Interest Income Recognized
Total	83,737	102,319	79,699
Legacy | Commercial Real Estate | Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	571,287	571,287	575,562
With an allowance recorded	2,139,832	2,139,832
Recorded Investment
With no related allowance recorded	571,287	571,287	575,562
With an allowance recorded	2,139,832	2,139,832
Related Allowance
Total	541,175	541,175
Average Recorded Investment
With no related allowance recorded	1,225,002	1,220,351	1,232,306
With an allowance recorded	6,570,593	6,605,858
Interest Income Recognized
With no related allowance recorded	5,130	8,313	13,147
With an allowance recorded	39,440	39,440
Legacy | Commercial Real Estate | Investment
Unpaid Principal Balance
With no related allowance recorded	1,243,319	1,243,319	1,264,141
Recorded Investment
With no related allowance recorded	1,243,319	1,243,319	1,264,141
Average Recorded Investment
With no related allowance recorded	1,243,319	1,256,772	1,264,141
Interest Income Recognized
With no related allowance recorded	21,838	35,506	56,959
Legacy | Commercial Real Estate | Hospitality
Unpaid Principal Balance
With an allowance recorded	1,355,719	1,355,719
Recorded Investment
With an allowance recorded	1,355,719	1,355,719
Related Allowance
Total	135,572	135,572
Average Recorded Investment
With an allowance recorded	4,183,419	4,199,162
Interest Income Recognized
With an allowance recorded	14,038	15,038
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	885,570	885,570
Recorded Investment
With no related allowance recorded	885,570	885,570
Average Recorded Investment
With no related allowance recorded	3,297,366	3,338,295
Interest Income Recognized
With no related allowance recorded	3,076	3,076
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
Legacy | Commercial | Investment
Unpaid Principal Balance
With an allowance recorded	1,009,512	1,009,512
Recorded Investment
With an allowance recorded	1,009,512	1,009,512
Related Allowance
Total	550,046	550,046
Average Recorded Investment
With an allowance recorded	2,082,387	2,046,717
Interest Income Recognized
With an allowance recorded	215	946
Acquired
Unpaid Principal Balance
Total	3,880,485	3,880,485	1,019,694
Recorded Investment
Total	3,196,297	3,196,297	999,168
Related Allowance
Total	316,066	316,066	88,604
Average Recorded Investment
With no related allowance recorded		11,328,033
Total	11,392,921		1,921,036
Interest Income Recognized
With no related allowance recorded		11,092
Total	28,735		28,477
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	334,271
Recorded Investment
With no related allowance recorded	45,000	45,000
Average Recorded Investment
With no related allowance recorded	334,271	334,271
Acquired | Residential Real Estate | First Lien-Investment
Unpaid Principal Balance
With no related allowance recorded	348,325	348,325
Recorded Investment
With no related allowance recorded	225,948	225,948
Average Recorded Investment
With no related allowance recorded	383,802	348,325
Interest Income Recognized
With no related allowance recorded	2,484	484
Acquired | Residential Real Estate | First Lien-Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	1,251,813	1,251,813
Recorded Investment
With no related allowance recorded	1,251,813	1,251,813
Average Recorded Investment
With no related allowance recorded	2,471,487	2,466,386
Interest Income Recognized
With no related allowance recorded	14,515	960
Acquired | Commercial | First Lien-Investment
Unpaid Principal Balance
With an allowance recorded	79,761	79,761
Recorded Investment
With an allowance recorded	79,761	79,761
Related Allowance
Total	78,145	78,145
Average Recorded Investment
With no related allowance recorded		367,132
With an allowance recorded	367,261
Acquired | Commercial | Commercial
Unpaid Principal Balance
With no related allowance recorded	952,002	952,002
Recorded Investment
With no related allowance recorded	952,002	952,002
Average Recorded Investment
With no related allowance recorded	5,410,826	5,392,356
Interest Income Recognized
With no related allowance recorded	$ 2,488	$ 400

Loans - Loans Modified as a TDR

Loans - Loans Modified as a TDR - (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)contractitem	Dec. 31, 2015USD ($)item
Troubled debt restructurings
Number of Contracts | contract	2
Pre-Modification Outstanding Recorded Investment	$ 392,842
Post Modification Outstanding Recorded Investment	$ 158,537
Residential Real Estate
Troubled debt restructurings
Number of Contracts | contract	1
Pre-Modification Outstanding Recorded Investment	$ 136,173
Post Modification Outstanding Recorded Investment	$ 66,767
Commercial
Troubled debt restructurings
Number of Contracts | contract	1
Pre-Modification Outstanding Recorded Investment	$ 256,669
Post Modification Outstanding Recorded Investment	$ 91,770
Restructured loans
Troubled debt restructurings
Number of Contracts | item	6	5
Pre-Modification Outstanding Recorded Investment		$ 908,000
Post Modification Outstanding Recorded Investment		$ 711,000

Loans - Changes in the accretab

Loans - Changes in the accretable discount - (Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Accretable Yield
Payoff of acquired loans	$ (390,990)
Ending balance	(193,649)	$ 28,976
Contractually Required Payments Receivable	12,798,858	9,629,522	$ 14,875,352	$ 10,658,840
Carrying Amount	10,099,810	7,756,071	$ 10,675,943	$ 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	(44,967)	(368,943)
Reclassification from non-accretable	$ (352,714)	$ (371,518)

Loans - Allocation of the loan

Loans - Allocation of the loan portfolio - (Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Credit quality indicators
Account balance	$ 1,246,809,902	$ 1,150,670,000	$ 1,011,798,706
Commercial Real Estate
Credit quality indicators
Account balance	848,770,539		666,380,625
Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	249,847,727	251,122,416
Commercial Real Estate | Investment
Credit quality indicators
Account balance	413,080,135	356,183,463
Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	129,782,931	102,217,109
Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	56,059,746	58,123,433
Residential Real Estate
Credit quality indicators
Account balance	271,698,902		227,816,818
Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	101,714,660	100,656,195
Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	97,233,368	89,691,575
Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	43,947,215	41,798,751
Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	28,803,659	28,519,245
Commercial
Credit quality indicators
Account balance	120,782,226		109,152,569
Consumer
Credit quality indicators
Account balance	$ 5,558,235	6,875,115	$ 8,448,694
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	$ 1,201,529,763	1,110,999,911
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	237,585,758	237,902,524
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	403,993,902	350,268,873
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	127,003,128	100,786,831
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	53,267,725	54,041,510
Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	98,039,844	96,784,165
Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	92,565,404	85,316,582
Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	38,981,101	39,421,737
Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	28,803,659	28,513,137
Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	115,731,008	111,089,437
Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	5,558,234	6,875,115
Risk rated 6 at acquisition
Credit quality indicators
Account balance	24,395,876	24,367,921
Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	7,498,922	7,707,085
Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	2,723,510	2,847,395
Risk rated 6 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,424,084	1,430,277
Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	2,747,021	2,972,443
Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	2,513,892	2,411,792
Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	2,234,471	2,883,550
Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	4,397,159	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	856,817	1,477,812
Risk rated 7 at acquisition
Credit quality indicators
Account balance	20,884,263	15,302,168
Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	4,763,047	5,512,807
Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	6,362,724	3,067,196
Risk rated 7 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,355,719
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	1,160,925	1,460,238
Risk rated 7 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	2,433,493	1,491,443
Risk rated 7 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	568,955	812,364
Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	4,194,400	2,915,450
Legacy
Credit quality indicators
Account balance	1,027,578,963	912,960,157
Legacy | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	196,462,753	193,909,818
Legacy | Commercial Real Estate | Investment
Credit quality indicators
Account balance	358,365,721	298,434,087
Legacy | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	118,939,670	91,440,548
Legacy | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	49,995,687	50,584,469
Legacy | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	74,514,405	69,121,743
Legacy | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	47,761,829	37,486,858
Legacy | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	38,453,812	35,219,801
Legacy | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	24,878,535	24,168,289
Legacy | Consumer
Credit quality indicators
Account balance	5,386,911	6,631,311
Legacy | Risk rated 1 - 5 at acquisition
Credit quality indicators
Account balance	1,003,057,127	895,388,512
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	190,086,565	187,470,038
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	353,124,354	296,144,038
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	117,583,951	91,440,548
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	47,420,599	47,935,681
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	73,307,420	67,862,579
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	47,447,037	37,409,003
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	34,903,309	33,611,213
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	24,878,535	24,162,182
Legacy | Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	108,918,447	102,721,919
Legacy | Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	5,386,910	6,631,311
Legacy | Risk rated 6 at acquisition
Credit quality indicators
Account balance	11,260,967	10,378,375
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	2,831,952	2,863,922
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	407,875	1,025,908
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	2,575,088	2,648,788
Legacy | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	922,517	867,973
Legacy | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	314,793	77,855
Legacy | Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	3,550,503	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	658,239	1,279,234
Legacy | Risk rated 7 at acquisition
Credit quality indicators
Account balance	13,260,869	7,193,270
Legacy | Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	3,544,235	3,575,859
Legacy | Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	4,833,493	1,264,141
Legacy | Risk rated 7 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,355,719
Legacy | Risk rated 7 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	284,468	391,190
Legacy | Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	3,242,954	1,962,080
Acquired
Credit quality indicators
Account balance	219,230,939	237,709,843
Acquired | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	53,384,974	57,212,598
Acquired | Commercial Real Estate | Investment
Credit quality indicators
Account balance	54,714,414	57,749,376
Acquired | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	10,843,261	10,776,561
Acquired | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	6,064,059	7,538,964
Acquired | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	27,200,255	31,534,452
Acquired | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	49,471,539	52,204,717
Acquired | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	5,493,403	6,578,950
Acquired | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	3,925,124	4,350,956
Acquired | Consumer
Credit quality indicators
Account balance	171,324	243,804
Acquired | Risk rated 1 - 5 at acquisition
Credit quality indicators
Account balance	198,472,636	215,611,399
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	47,499,193	50,432,486
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	50,869,548	54,124,835
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	9,419,177	9,346,283
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	5,847,126	6,105,829
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	24,732,424	28,921,586
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	45,118,367	47,907,579
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	4,077,792	5,810,524
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	3,925,124	4,350,955
Acquired | Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	6,812,561	8,367,518
Acquired | Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	171,324	243,804
Acquired | Risk rated 6 at acquisition
Credit quality indicators
Account balance	13,134,909	13,989,546
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	4,666,970	4,843,163
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	2,315,635	1,821,487
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,424,084	1,430,277
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	171,933	323,655
Acquired | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	1,591,375	1,543,819
Acquired | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	1,919,678	2,805,695
Acquired | Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	846,656	1,022,872
Acquired | Risk rated 6 at acquisition | Commercial
Credit quality indicators
Account balance	198,578	198,578
Acquired | Risk rated 7 at acquisition
Credit quality indicators
Account balance	7,623,394	8,108,898
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	1,218,812	1,936,948
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,529,231	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	876,457	1,069,048
Acquired | Risk rated 7 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	2,433,493	1,491,443
Acquired | Risk rated 7 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	568,955	812,364
Acquired | Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	$ 951,446	$ 953,370

Loans - Activity in the allowan

Loans - Activity in the allowance for loan losses by portfolio segment - (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Activity in the allowance for loan losses
Beginning balance	$ 5,705,857	$ 4,636,048	$ 4,909,818	$ 4,281,835
General provision for loan losses	300,000	85,658	1,078,611	647,389
Recoveries	21,906	72,986	44,307	104,709
Allowance for loan losses before charge offs	6,027,763	4,794,692	6,032,736	5,033,933
Loans charged off	(8,840)	(358,779)	(13,813)	(598,020)
Ending Balance	6,018,923	4,435,913	6,018,923	4,435,913
Amount allocated to:
Ending balance	5,705,857	4,636,048	4,909,818	4,281,835	$ 6,018,923	$ 4,435,913
Legacy
Activity in the allowance for loan losses
Beginning balance			4,821,214
Ending Balance	5,702,857		5,702,857
Amount allocated to:
Individually evaluated for impairment					1,226,793	175,241
Other loans not individually evaluated					4,476,064	3,941,404
Ending balance	5,702,857		4,821,214		5,702,857
Acquired
Activity in the allowance for loan losses
Beginning balance			88,604
Ending Balance	316,066		316,066
Amount allocated to:
Individually evaluated for impairment					316,066	319,268
Ending balance	316,066		88,604		316,066
Commercial
Activity in the allowance for loan losses
Beginning balance	989,005	761,671	1,168,529	696,371
General provision for loan losses	146,461	125,012	(35,490)	372,111
Recoveries	7,386	600	14,285	1,542
Allowance for loan losses before charge offs	1,142,852	887,283	1,147,324	1,070,024
Loans charged off		(14,235)	(4,472)	(196,976)
Ending Balance	1,142,852	873,048	1,142,852	873,048
Amount allocated to:
Ending balance	989,005	761,671	1,168,529	696,371	1,142,852	873,048
Commercial | Legacy
Amount allocated to:
Individually evaluated for impairment					550,046
Other loans not individually evaluated					592,806	873,048
Commercial Real Estate
Activity in the allowance for loan losses
Beginning balance	3,801,163	2,594,659	3,046,714	2,558,368
General provision for loan losses	138,069	180,995	892,518	217,266
Recoveries				20
Allowance for loan losses before charge offs	3,939,232	2,775,654	3,939,232	2,775,654
Ending Balance	3,939,232	2,775,654	3,939,232	2,775,654
Amount allocated to:
Ending balance	3,801,163	2,594,659	3,046,714	2,558,368	3,939,232	2,775,654
Commercial Real Estate | Legacy
Amount allocated to:
Individually evaluated for impairment					676,747	30,604
Other loans not individually evaluated					3,262,485	2,621,420
Commercial Real Estate | Acquired
Amount allocated to:
Individually evaluated for impairment						123,630
Residential Real Estate
Activity in the allowance for loan losses
Beginning balance	904,204	1,238,113	682,962	926,995
General provision for loan losses	14,615	(186,420)	227,996	171,040
Recoveries	11,308	44,927	19,169	55,085
Allowance for loan losses before charge offs	930,127	1,096,620	930,127	1,153,120
Loans charged off	(3,055)	(340,500)	(3,055)	(397,000)
Ending Balance	927,072	756,120	927,072	756,120
Amount allocated to:
Ending balance	904,204	1,238,113	682,962	926,995	927,072	756,120
Residential Real Estate | Legacy
Amount allocated to:
Individually evaluated for impairment						144,637
Other loans not individually evaluated					611,006	415,845
Residential Real Estate | Acquired
Amount allocated to:
Individually evaluated for impairment					316,066	195,638
Consumer
Activity in the allowance for loan losses
Beginning balance	11,485	41,605	11,613	100,001
General provision for loan losses	855	(33,929)	(6,413)	(113,028)
Recoveries	3,212	27,459	10,853	48,062
Allowance for loan losses before charge offs	15,552	35,135	16,053	35,135
Loans charged off	(5,785)	(4,044)	(6,286)	(4,044)
Ending Balance	9,767	31,091	9,767	31,091
Amount allocated to:
Ending balance	$ 11,485	$ 41,605	$ 11,613	$ 100,001	9,767	31,091
Consumer | Legacy
Amount allocated to:
Other loans not individually evaluated					$ 9,767	$ 31,091

Loans - Recorded investment in

Loans - Recorded investment in loans - (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 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
Ending balance	$ 1,246,809,902	$ 1,150,670,000	$ 1,011,798,706
Commercial
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology
Ending balance	120,782,226		109,152,569
Commercial Real Estate
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology
Ending balance	848,770,539		666,380,625
Residential Real Estate
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology
Ending balance	271,698,902		227,816,818
Consumer
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology
Ending balance	5,558,235	6,875,115	8,448,694
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	4,505,063		189,444
Individually evaluated for impairment without specific reserve	2,700,176		2,356,519
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition)	3,503,273
Other loans not individually evaluated	1,020,373,724		844,952,626
Ending balance	1,027,578,963	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	1,009,512
Individually evaluated for impairment without specific reserve	885,570		700,655
Other loans not individually evaluated	110,924,558		99,854,902
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	3,495,551		44,807
Individually evaluated for impairment without specific reserve	1,814,606		1,548,011
Other loans not individually evaluated	718,453,673		585,914,275
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			144,637
Individually evaluated for impairment without specific reserve			107,853
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	1,934,409
Other loans not individually evaluated	185,608,582		150,993,440
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	5,386,911		8,190,009
Ending balance	5,386,911	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)	377,212		1,607,125
Individually evaluated for impairment with specific reserve ( ASC 310.20 at acquisition)			1,307,373
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	10,099,810		7,756,071
Collectively evaluated for impairment without reserve	205,250,644		153,629,548
Ending balance	219,230,939	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)	952,002		126,331
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)			4,052
Collectively evaluated for impairment without reserve	7,010,584		8,466,629
Acquired | Commercial Real Estate
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition)	616,862		315,472
Individually evaluated for impairment with specific reserve ( ASC 310.20 at acquisition)			411,546
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	5,789,245		3,483,381
Collectively evaluated for impairment without reserve	118,600,602		74,663,133
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)	377,212		1,165,322
Individually evaluated for impairment with specific reserve ( ASC 310.20 at acquisition)			895,827
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	4,310,565		4,268,638
Collectively evaluated for impairment without reserve	79,468,134		70,241,101
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	171,324		$ 258,685
Ending balance	$ 171,324	$ 243,804

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details)	6 Months Ended
	Jun. 30, 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	(307,108)
Net realized gain on sale of real estate owned	(52,307)
Total end of period	2,443,543
Residential foreclosures classified as other real estate	1,800,000
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	(307,108)
Net realized gain on sale of real estate owned	(52,307)
Total end of period	$ 2,018,543

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
EARNINGS PER COMMON SHARE
Weighted average number of shares	10,816,429	10,617,225	10,812,314	10,711,771
Dilutive average number of shares	10,989,854	10,759,628	10,980,534	10,847,352

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Stock based compensation
Stock-based compensation expense	$ 147,649	$ 91,902	$ 262,080	$ 182,067
Unrecognized compensation cost related to non-vested stock options	$ 1,151,228,000,000		$ 1,151,228,000,000
Period over which unrecognized compensation cost is expected to be realized			2 years 6 months
Shares available for future issuance	324,992		324,992
Stock options
Stock based compensation
Options granted (in shares)			58,927	50,597
Options granted (in dollars per share)			$ 5.38
Options exercised by directors and officers (in shares)				22,000
Restricted stock
Stock based compensation
Restricted stock granted (in shares)			13,869	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	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Assets and liabilities measured at fair value
Fair Value Assets transfers amount	$ 0	$ 0		$ 0
Gain on disposal of assets	22,784	22,784	$ 19,975
Available-for-sale	190,297,596	190,297,596		194,705,675
U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale	2,999,766	2,999,766		3,000,000
U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale	5,423,659	5,423,659		36,606,663
Municipal securities
Assets and liabilities measured at fair value
Available-for-sale	63,364,679	63,364,679		50,202,706
FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale	21,707,808	21,707,808		21,763,157
FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	71,475,731	71,475,731		49,101,471
GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	25,325,953	25,325,953		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	3,000,000	3,000,000		3,000,000
Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Available-for-sale	187,298,000	187,298,000		191,706,000
Carrying Value
Assets and liabilities measured at fair value
Available-for-sale	190,298,000	190,298,000		194,706,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets and liabilities measured at fair value
Assets	3,000,000	3,000,000		3,000,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale	3,000,000	3,000,000		3,000,000
Recurring basis | Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Assets	187,298,000	187,298,000		191,706,000
Recurring basis | Other Observable Inputs (Level 2) | U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale	5,424,000	5,424,000		36,607,000
Recurring basis | Other Observable Inputs (Level 2) | Municipal securities
Assets and liabilities measured at fair value
Available-for-sale	63,364,000	63,364,000		50,203,000
Recurring basis | Other Observable Inputs (Level 2) | FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale	21,708,000	21,708,000		21,763,000
Recurring basis | Other Observable Inputs (Level 2) | FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	71,476,000	71,476,000		49,101,000
Recurring basis | Other Observable Inputs (Level 2) | GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	25,326,000	25,326,000		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	190,298,000	190,298,000		194,706,000
Recurring basis | Carrying Value | U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale	3,000,000	3,000,000		3,000,000
Recurring basis | Carrying Value | U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale	5,424,000	5,424,000		36,607,000
Recurring basis | Carrying Value | Municipal securities
Assets and liabilities measured at fair value
Available-for-sale	63,364,000	63,364,000		50,203,000
Recurring basis | Carrying Value | FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale	21,708,000	21,708,000		21,763,000
Recurring basis | Carrying Value | FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	71,476,000	71,476,000		49,101,000
Recurring basis | Carrying Value | GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	$ 25,326,000	$ 25,326,000		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)	6 Months Ended
	Jun. 30, 2016USD ($)item	Dec. 31, 2015USD ($)
Assets and liabilities measured at fair value
Impaired Loans	$ 10,401,536	$ 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	$ 7,205,239	6,057,441
Acquired
Assets and liabilities measured at fair value
Impaired Loans	$ 3,196,297	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	$ 8,858,000	7,291,000
Other real estate owned	2,444,000	2,472,000
Assets	11,302,000	9,763,000
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Legacy
Assets and liabilities measured at fair value
Impaired Loans	5,978,000	5,333,000
Other real estate owned	425,000	425,000
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Acquired
Assets and liabilities measured at fair value
Impaired Loans	2,880,000	1,958,000
Other real estate owned	2,019,000	2,047,000
Nonrecurring basis | Carrying Value
Assets and liabilities measured at fair value
Impaired Loans	8,858,000	7,291,000
Other real estate owned	2,444,000	2,472,000
Assets	11,302,000	9,763,000
Nonrecurring basis | Carrying Value | Legacy
Assets and liabilities measured at fair value
Impaired Loans	5,978,000	5,333,000
Other real estate owned	425,000	425,000
Nonrecurring basis | Carrying Value | Acquired
Assets and liabilities measured at fair value
Impaired Loans	2,880,000	1,958,000
Other real estate owned	$ 2,019,000	$ 2,047,000

Fair Value Measurement - Estima

Fair Value Measurement - Estimated fair value of financial instruments - (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Assets:
Loans held-for-sale	$ 6,382,539	$ 8,277,775
Investment securities available for sale	190,297,596	194,705,675
Bank Owned Life Insurance	37,081,638	36,606,105
Accrued interest receivable	3,704,287	3,814,546
Liabilities:
Non-interest bearing	313,439,435	328,549,405
Interest bearing	949,451,184	907,330,561
Accrued interest payable	448,406	416,686
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	33,643,000	43,701,000
Investment securities available for sale	3,000,000	3,000,000
Other Observable Inputs (Level 2)
Assets:
Loans held-for-sale	6,192,000	8,397,000
Investment securities available for sale	187,298,000	191,706,000
Equity securities at cost	7,305,000	4,942,000
Accrued interest receivable	748,000	908,000
Liabilities:
Non-interest bearing	313,439,000	328,549,000
Interest bearing	962,163,000	908,356,000
Short term borrowings	153,752,000	107,557,000
Long term borrowings	9,559,000	9,593,000
Accrued interest payable	448,000	417,000
Significant Unobservable Inputs (Level 3)
Assets:
Loans receivable, net		1,153,976,000	$ 1,245,029,000
Accrued interest receivable		2,907,000	$ 2,956,000
Carrying Value
Assets:
Cash and cash equivalents	33,643,000	43,701,000
Loans receivable, net	1,242,018,000	1,147,035,000
Loans held-for-sale	6,112,000	8,112,000
Investment securities available for sale	190,298,000	194,706,000
Equity securities at cost	7,305,000	4,942,000
Accrued interest receivable	3,704,000	3,815,000
Liabilities:
Non-interest bearing	313,439,000	328,549,000
Interest bearing	949,451,000	907,331,000
Short term borrowings	153,752,000	107,557,000
Long term borrowings	9,559,000	9,593,000
Accrued interest payable	448,000	417,000
Total Estimated Fair Value
Assets:
Cash and cash equivalents	33,643,000	43,701,000
Loans receivable, net	1,245,029,000	1,153,976,000
Loans held-for-sale	6,192,000	8,397,000
Investment securities available for sale	190,298,000	194,706,000
Equity securities at cost	7,305,000	4,942,000
Accrued interest receivable	3,704,000	3,815,000
Liabilities:
Non-interest bearing	313,439,000	328,549,000
Interest bearing	962,163,000	908,356,000
Short term borrowings	153,752,000	107,557,000
Long term borrowings	9,559,000	9,593,000
Accrued interest payable	$ 448,000	$ 417,000

Short Term Borrowings (Details)

Short Term Borrowings (Details) - Repurchase agreements $ in Millions	Jun. 30, 2016USD ($)
Short term borrowings
Maximum borrowing capacity	$ 27.3
Value of collateral provided	$ 35.5

Acquisition of Regal Bancorp 47

Acquisition of Regal Bancorp Inc (Details)	Dec. 04, 2015USD ($)$ / sharesshares	Jun. 30, 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.
Business Combination, Consideration Transferred [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