Old Line Bancshares (OLBK) 10-Q 4 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 28, 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	Sep. 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		10,859,074
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 28,696,913	$ 40,239,384
Interest bearing accounts	1,159,687	1,135,263
Federal funds sold	301,262	2,326,045
Total cash and cash equivalents	30,157,862	43,700,692
Investment securities available for sale-at fair value	201,830,885	194,705,675
Loans held for sale, fair value of $7,894,905 and $8,277,775	7,578,285	8,112,488
Loans held for investment (net of allowance for loan losses of $6,352,393 and $4,909,818, respectively)	1,292,431,559	1,147,034,715
Equity securities at cost	6,603,346	4,942,346
Premises and equipment	36,153,064	36,174,978
Accrued interest receivable	3,686,161	3,814,546
Deferred income taxes	13,600,152	13,820,679
Bank owned life insurance	37,321,217	36,606,105
Other real estate owned	1,934,720	2,472,044
Goodwill	9,786,357	9,786,357
Core deposit intangible	3,721,858	4,351,226
Other assets	5,299,676	4,567,038
Total assets	1,650,105,142	1,510,088,889
Deposits
Non-interest bearing	328,967,215	328,549,405
Interest bearing	972,325,625	907,330,561
Total deposits	1,301,292,840	1,235,879,966
Short term borrowings	141,775,684	107,557,246
Long term borrowings	37,776,841	9,593,318
Accrued interest payable	712,080	416,686
Supplemental executive retirement plan	5,547,176	5,336,509
Income taxes payable	6,677,102	3,615,677
Other liabilities	4,466,051	3,700,598
Total liabilities	1,498,247,774	1,366,100,000
Stockholders' equity
Common stock, par value $0.01 per share; 25,000,000 shares authorized; 10,859,074 and 10,802,560 shares issued and outstanding in 2016 and 2015, respectively	108,591	108,026
Additional paid-in capital	106,000,537	105,293,606
Retained earnings	45,166,362	38,290,876
Accumulated other comprehensive income	581,878	38,200
Total Old Line Bancshares, Inc. stockholders’ equity	151,857,368	143,730,708
Non-controlling interest		258,181
Total stockholders' equity	151,857,368	143,988,889
Total liabilities and stockholders' equity	$ 1,650,105,142	$ 1,510,088,889

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Consolidated Balance Sheets
Loans held for sale, fair value (in dollars)	$ 7,894,905	$ 8,277,775
Loans held for investment, allowance for loan losses (in dollars)	$ 6,352,393	$ 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	10,859,074	10,802,560
Common stock, shares outstanding	10,859,074	10,802,560

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest Income
Loans, including fees	$ 14,191,639	$ 12,202,174	$ 40,811,462	$ 35,302,194
U.S. treasury securities	5,032	2,642	13,806	7,878
U.S. government agency securities	23,139	127,897	234,557	393,991
Corporate bond	42,188		42,188
Mortgage backed securities	562,518	312,067	1,569,968	1,035,621
Municipal securities	418,026	295,464	1,149,058	916,098
Federal funds sold	411	177	1,912	552
Other	95,584	66,925	287,651	172,710
Total interest income	15,338,537	13,007,346	44,110,602	37,829,044
Interest expense
Deposits	1,421,842	1,118,092	4,001,653	3,050,609
Borrowed funds	577,709	141,009	1,181,980	435,432
Total interest expense	1,999,551	1,259,101	5,183,633	3,486,041
Net interest income	13,338,986	11,748,245	38,926,969	34,343,003
Provision for loan losses	305,931	263,595	1,384,542	910,984
Net interest income after provision for loan losses	13,033,055	11,484,650	37,542,427	33,432,019
Non-interest income
Service charges on deposit accounts	445,901	442,225	1,290,736	1,298,809
Gain on sales or calls of investment securities	326,021	604	1,226,233	65,222
Earnings on bank owned life insurance	284,982	250,950	849,525	748,755
Gain on disposal of assets	(49,957)		(27,173)	19,975
Rental Income	168,589	202,091	585,724	620,439
Income on marketable loans	782,510	457,613	1,746,678	1,544,462
Other fees and commissions	179,802	490,015	1,013,461	881,994
Total non-interest income	2,137,848	1,843,498	6,685,184	5,179,656
Non-interest expense
Salaries and benefits	4,862,711	4,407,726	15,711,901	12,918,194
Occupancy and equipment	1,907,090	1,478,740	5,279,134	4,217,277
Data processing	384,382	350,941	1,165,862	1,070,191
FDIC insurance and State of Maryland assessments	286,047	241,634	806,960	742,520
Merger and integration			661,018
Core Deposit Premium Amortization	202,129	193,960	629,368	597,843
(Gain) Loss (gain) on sales of other real estate owned	(27,914)	(114,709)	(80,220)	29,214
OREO expense	77,224	158,983	295,381	354,736
Directors Fees	164,800	160,800	496,500	491,000
Network services	127,219	162,516	410,448	539,626
Telephone	174,439	163,184	594,214	489,021
Other operating	1,639,223	1,403,933	5,004,039	4,604,174
Total non-interest expense	9,797,350	8,607,708	30,974,605	26,053,796
Income before income taxes	5,373,553	4,720,440	13,253,006	12,557,879
Income tax expense	1,830,921	1,605,586	4,428,287	4,095,894
Net income	3,542,632	3,114,854	8,824,719	8,461,985
Less: Net loss (gain) attributable to the non-controlling interest		2,894	62	(5,050)
Net income available to common stockholders	$ 3,542,632	$ 3,111,960	$ 8,824,657	$ 8,467,035
Basic earnings per common share (in dollars per share)	$ 0.33	$ 0.30	$ 0.82	$ 0.80
Diluted earnings per common share (in dollars per share)	0.32	0.29	0.80	0.78
Dividend per common share (in dollars per share)	$ 0.06	$ 0.05	$ 0.18	$ 0.15

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidated Statements of Comprehensive Income
Net income	$ 3,542,632	$ 3,114,854	$ 8,824,719	$ 8,461,985
Other comprehensive income:
Unrealized gain (loss) on securities available for sale, net of taxes	(230,102)	614,085	1,286,223	546,585
Reclassification adjustment for realized gain on securities available for sale included in net income	(197,422)	(366)	(742,545)	(39,495)
Other comprehensive income (loss)	(427,524)	613,719	543,678	507,090
Comprehensive Income	3,115,108	3,728,573	9,368,397	8,969,075
Comprehensive income (loss) attributable to the non-controlling interest		2,894	62	(5,050)
Comprehensive income available to common stockholders	$ 3,115,108	$ 3,725,679	$ 9,368,335	$ 8,974,125

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidated Statements of Comprehensive Income
Unrealized gain (loss) on securities available for sale, taxes	$ (149,886)	$ 399,771	$ 837,835	$ 304,587
Reclassification adjustment for realized gain on securities available for sale included in net income, taxes	$ 128,599	$ 238	$ 483,688	$ 25,489

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - 9 months ended Sep. 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.			8,824,657			$ 8,824,657
Distributions to minority member(s)					(258,119)	(258,119)
Other comprehensive income, net of income tax of $354,147				543,678		543,678
Net loss attributable to non-controlling interest					$ 62	62
Stock based compensation awards		444,664				444,664
Stock options exercised	$ 200	262,632				262,832
Restricted stock issued	$ 365	(365)
Restricted stock issued (in shares)	56,514
Common stock cash dividends $0.18 per share			(1,949,171)			(1,949,171)
Balance at Sep. 30, 2016	$ 108,591	$ 106,000,537	$ 45,166,362	$ 581,878		$ 151,857,368
Balance (in shares) at Sep. 30, 2016	10,859,074					10,859,074

Consolidated Statement of Chan8

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical)	9 Months Ended
	Sep. 30, 2016USD ($)$ / shares
Consolidated Statement of Changes in Stockholders' Equity
Unrealized gain on securities available for sale, income tax expense (benefit) | $	$ 354,147
Dividend per common share (in dollars per share) | $ / shares	$ 0.18

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income	$ 8,824,719	$ 8,461,985
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	1,973,556	1,719,860
Provision for loan losses	1,384,542	910,984
Change in deferred loan fees net of costs	52,532	3,750
(Gain)/loss on sales or calls of securities	(1,226,233)	(65,222)
Amortization of premiums and discounts	730,331	693,909
Loans originated for sale	(70,857,656)	(78,817,219)
Proceeds from the sale of loans orignated for sale	71,391,859	78,100,881
Income on marketable loans	(1,746,678)	(1,544,462)
(Gain)/loss on sale of other real estate owned	(80,220)	29,214
Write down of other real estate owned		145,165
Gain on sale of fixed assets	(27,173)	(19,975)
Amortization of intangible assets	629,368	597,843
Deferred income taxes	(133,650)	3,041,923
Stock based compensation awards	444,664	300,243
Increase (decrease) in
Accrued interest payable	295,394	91,668
Income tax payable	3,061,425	(106,188)
Supplemental executive retirement plan	210,667	181,026
Other liabilities	765,453	1,551,136
Decrease (increase) in
Accrued interest receivable	128,385	(5,320)
Bank owned life insurance	(715,112)	(642,128)
Other assets	(732,638)	(751,095)
Cash flows from operating activities	14,373,535	13,877,978
Cash flows from investing activities
Purchase of investment securities available for sale	(136,228,056)	(5,348,488)
Proceeds from disposal of investment securities
Available for sale at maturity, call or paydowns	130,496,572	15,715,011
Loans made, net of principal collected	(145,453,165)	(113,024,726)
Proceeds from sale of other real estate owned	80,221	328,916
Investments in other real estate owned	903,219
Change in equity securities	(1,661,000)
Redemption / improvements of equity securities		2,139,802
Purchase of premises and equipment	(1,924,469)	(1,328,381)
Proceeds from the sale of premises and equipment		(19,975)
Net cash used in investing activities	(153,786,678)	(101,537,841)
Net increase (decrease) in
Time deposits	12,894,797	33,094,287
Other deposits	52,518,077	41,692,054
Short term borrowings	34,218,438	24,692,618
Long term borrowings	28,183,523	(83,618)
Stock proceeds from stock repurchase program		(5,320,997)
Proceeds from stock options exercised	262,832	396,933
Cash dividends paid-common stock	(1,949,171)	(1,598,888)
Distributions on minority member(s)	(258,181)
Net cash used in financing activities	125,870,315	92,872,389
Net increase (decrease) in cash and cash equivalents	(13,542,828)	5,212,526
Cash and cash equivalents at beginning of period	43,700,692	25,404,736
Cash and cash equivalents at end of period	30,157,864	30,617,262
Supplemental Disclosure of Cash Flow Information:
Interest	4,732,158	3,394,373
Income taxes	1,405,000	1,060,159
Supplemental Disclosure of Non-Cash Flow Operating Activities:
Loans transferred to other real estate owned	$ 365,895	$ 820,725

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 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 subsidiary Pointer Ridge Office Investments, LLC (Pointer Ridge), a real estate investment company. We have eliminated all significant intercompany transactions and balances. The foregoing consolidated financial statements for the periods ended September 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 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. The adoption of ASU 2015-16 did not have a material impact on our consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Recognition and Measurement of Financial Assets and Liabilities , which is intended to improve the recognition and measurement of financial instruments by: requiring equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This ASU is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This ASU permits early adoption of the instrument-specific credit risk provision. 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 March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”), which is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early application is permitted. Old Line Bancshares is currently evaluating the impact of adopting the new guidance on its consolidated financial statements. 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	9 Months Ended
	Sep. 30, 2016
Pointer Ridge Office Investment, LLC
Pointer Ridge Office Investment, LLC	2. POINTER RIDGE OFFICE INVESTMENT, LLC We currently own 100% of Pointer Ridge and we have consolidated its results of operations from the date of acquisition. In August 2016, Old Line Bank purchased the aggregate 37.5% minority interest in Pointer Ridge not held by Old Line Bancshares and on September 2, 2016, we paid off the entire $5.8 million principal amount of a promissory note previously issued by Pointer Ridge. Pointer Ridge owns our headquarters building located at 1525 Pointer Ridge Place, Bowie, Maryland, containing approximately 40,000 square feet. We lease 98% of this building for our main office and operate a branch of Old Line Bank from this address. Prior to this purchase, we owned 62.5% of Pointer Ridge. The following table summarizes the condensed Balance Sheets and Statements of Income information for Pointer Ridge. September 30, December 31, Balance Sheets 2016 2015 Current assets $ $ Non-current assets Liabilities Equity Three Months Ended Nine Months Ended September 30, September 30, Statements of Income 2016 2015 2016 2015 Revenue $ $ $ $ Expenses Net income (loss) $ $ $ $

Investment Securities

Investment Securities	9 Months Ended
	Sep. 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 September 30, 2016 Available for sale U.S. treasury $ $ $ $ U.S. government agency Corporate Bond — 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 September 30, 2016 and December 31, 2015, securities with unrealized losses segregated by length of impairment were as follows: September 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. Treasury $ $ $ — $ — $ $ U.S. government agency — — Municipal securities — — Mortgage backed securities FHLMC certificates — — FNMA certificates — — GNMA certificates Total $ $ $ $ $ $ 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 September 30, 2016 and December 31, 2015, we had seven and 23 investment securities, respectively, in an unrealized loss position greater than the 12 month time frame and 53 and 71 securities, respectively, in an unrealized loss position less than the 12 month time frame. We consider all unrealized losses on securities as of September 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 September 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 September 30, 2016, we received $35.1 million in proceeds from sales, maturities or calls and principal pay-downs on investment securities and realized gains of $326 thousand. Such sales, maturities or calls and principal pay-downs consisted of the sale of 22 mortgage backed securities (MBS) pools and two municipal bonds. All the net proceeds of these transactions were used to purchase new investment securities. We recorded from the sale of investment securities on two municipal bonds a net gain of $604 for the three month period ending September 30, 2015. During the nine months ended September 30, 2016, we received $130.5 million in proceeds from sales, maturities or calls and principal pay-downs on investment securities and realized gains of $1.3 million and realized losses of $92 thousand for total realized net gain of $1.2 million. The net proceeds of these transactions were used to re-balance the investment portfolio, which resulted in a slightly higher yield on our security investments. We recorded a net gain of $65 thousand on investment securities for the nine months ending September 30, 2015. The gain for the 2015 represents $4 thousand on six municipal bonds that were called one agency security that matured, one Small Business Administration MBS that paid off and two municipal bonds we sold during the nine months ending September 30, 2015. Contractual maturities and pledged securities at September 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 September 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	9 Months Ended
	Sep. 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: September 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 $887.8 million and $767.6 million at September 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 September 30, 2016, we had approximately $135.6 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 $266.1 million and $260.7 million at September 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. 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. 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 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 nonperforming. 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 nonperforming. 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 September 30, 2016 and December 31, 2015. Age Analysis of Past Due Loans September 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 Lien-Investment — First Lien-Owner Occupied — HELOC and Jr. Liens — — — — Commercial and Industrial — Consumer — — Total 30-89 days past due 90 or more days past due Commercial Real Estate: Land and A&D — — — — Residential Real Estate: First-Owner Occupied — — — Consumer — — Total 90 or more days past due — Total accruing past due loans Commercial Real Estate: Owner Occupied — — Investment — — — — Hospitality — Land and A&D — — Residential Real Estate: First-Investment First-Owner Occupied — — Commercial and Industrial — Non-accruing loans: Total Loans $ $ $ $ $ $ We consider all nonperforming loans and troubled debt restructurings (TDRs) to be impaired. We do not recognize interest income on nonperforming loans during the time period that the loans are nonperforming. We only recognize interest income on nonperforming 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 September 30, 2016 and December 31, 2015. Impaired Loans at September 30, 2016 Three months September 30, 2016 Nine Months Ended September 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 — Residential Real Estate: Investment — Commercial — — With an allowance recorded: Commercial Real Estate: Owner Occupied Hospitality — Commercial and Industrial 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 and Industrial — 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 at acquisition, which includes a discount for loans with credit impairment. These purchased 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 Lien-Investment — — Commercial and Industrial — — With an allowance recorded: Commercial Real Estate: Owner Occupied — Commercial and Industrial Consumer — — — — — Total legacy impaired Acquired (1) With no related allowance recorded: Commercial Real Estate: Investment — — — — — Land and A&D — — Residential Real Estate: First Lien-Owner Occupied — With an allowance recorded: Residential Real Estate: First Lien-Investment — Total acquired impaired Total impaired $ $ $ $ $ (1) Generally accepted accounting principles require that we record acquired loans at fair value at acquisition, which includes a discount for loans with credit impairment. These purchased 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 September 30, 2016 consisted of seven loans for $903 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 nine months ended September 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 nine month periods ending September 30, 2016. Loans Modified as a TDR for the three months ended September 30, 2016 September 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 Residential Real Estate Non-Owner Occupied — — — Loans Modified as a TDR for the nine months ended September 30, 2016 September 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 nine months ended September 30, 2016 and 2015, along with the outstanding balances and related carrying amounts for the beginning and end of those respective periods. September 30, 2016 September 30, 2015 Balance at beginning of period $ $ Accretion of fair value discounts Reclassification from non-accretable discount Balance at end of period $ $ Contractually Required Payments Receivable Carrying Amount At September 30, 2016 $ $ At December 31, 2015 At September 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 September 30, 2016 and December 31, 2015: September 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 Lien-Investment First Lien-Owner Occupied Land and A&D HELOC and Jr. Liens Commercial and Industrial Consumer Special Mention (6) Commercial Real Estate: Owner Occupied Investment Hospitality — Land and A&D Residential Real Estate: First Lien-Investment First Lien-Owner Occupied Land and A&D Commercial and Industrial Substandard (7) Commercial Real Estate: Owner Occupied Investment Hospitality — Land and A&D — Residential Real Estate: First Lien-Investment First Lien-Owner Occupied — Land and A&D Commercial and Industrial 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 Lien-Investment First Lien-Owner Occupied Land and A&D HELOC and Jr. Liens Commercial and Industrial Consumer Special Mention (6) Commercial Real Estate: Owner Occupied Investment Hospitality — Land and A&D Residential Real Estate: First Lien-Investment First Lien-Owner Occupied Land and A&D HELOC and Jr. Liens — Commercial and Industrial Substandard (7) Commercial Real Estate: Owner Occupied Investment Land and A&D — Residential Real Estate: First Lien-Investment First Lien-Owner Occupied — Land and A&D — Commercial and Industrial Doubtful (8) — — — Loss (9) — — — Total $ $ $ The following table details activity in the allowance for loan losses by portfolio segment for the three and nine month periods ended September 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 September 30, 2016 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries — Loans charged off — — Ending Balance $ $ $ $ $ Commercial Residential Nine Months Ended September 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 September 30, 2015 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries — Loans charged off — — Ending Balance $ $ $ $ $ Commercial Residential Nine Months Ended September 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 September 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 September 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 September 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	9 Months Ended
	Sep. 30, 2016
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED	5. OTHER REAL ESTATE OWNED At September 30, 2016 and December 31, 2015, the fair value of other real estate owned was $1.9 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. Nine Months Ended September 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 September 30, 2016, residential foreclosures classified as other real estate owned totaled $190 thousand. Loans secured by residential real estate in process of foreclosure totaled $396 thousand at September 30, 2016 compared to $583 thousand at December 31, 2015.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Weighted average number of shares Dilutive average number of shares

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 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 nine months ended September 30, 2016 and year ended December 31, 2015, there were no transfers between levels. At September 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, corporate bonds, 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 and our corporate bonds, which fall into Level 3. Assets and Liabilities Measured at Fair Value on a Recurring Basis At September 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 — — — Corporate Bond — — — 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. The following table provides a reconciliation of changes in fair value included in assets measured in the Consolidated Balance sheet using inputs classified as level 3 in the fair value for the period indicated: Level 3 (in thousands) Nine Months Ended September 30, 2016 Investment available-for-sale Balance as of January 1, 2016 $ — Realized and unrealized gains (losses) Included in earnings — Included in other comprehensive income Purchases, issuances, sales and settlements Transfers into or out of level 3 — Balance at September 30, 2016 $ The fair value calculated may not be indicative of net realized value or reflective of future fair values. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis We may be required from time to time, to measure certain assets at fair value on a non-recurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis at September 30, 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 September 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 September 30, 2016 and December 31, 2015, we estimated the fair value of impaired assets using Level 3 inputs to be $10.2 million 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. September 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	9 Months Ended
	Sep. 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 Federal Home Loan Bank. Securities Sold Under Agreements to Repurchase To support the $31.8 million in repurchase agreements at September 30, 2016, we have provided collateral in the form of investment securities. At September 30, 2016 we have pledged $38.9 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 $31.8 million mature daily and will remain fully collateralized until the account has been closed or terminated.

Long Term Borrowings

Long Term Borrowings	9 Months Ended
	Sep. 30, 2016
Long Term Borrowings
Long Term Borrowings	10. 10. Long term borrowings consists of $35 million in aggregate principal amount of Old Line Bancshares 5.625% Fixed-to-Floating Rate Subordinated Notes due 2016 (the “Notes”). The Notes were issued pursuant to an indenture and a supplemental indenture, each dated as of August 15, 2016, between Old Line Bancshares and U.S. Bank National Association as Trustee. The Notes are unsecured subordinated obligations of Old Line Bancshares and rank equally with all other unsecured subordinated indebtedness currently outstanding or issued in the future. The Notes are subordinated in right of payment of all senior indebtedness. The fair value of these notes is $34.0 million. Also included in long term borrowings are trust preferred subordinated debentures totaling $3.6 million (net of $2.9 million fair value adjustment) at September 30, 2016 as a result of the Regal acquisition. The trust preferred subordinated debentures consists of two trusts – Trust 1 in the amount of $4.0 million (fair value adjustment of $1.6 million) maturing on March 17, 2034 and Trust 2 in the amount of $2.5 million (fair value adjustment $1.3 million) maturing on December 14, 2035. 10

Acquisition of Regal Bancorp In

Acquisition of Regal Bancorp Inc	9 Months Ended
	Sep. 30, 2016
Regal Acquisition
Regal Acquisition	11. 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 facilitated 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 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)	9 Months Ended
	Sep. 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 subsidiary Pointer Ridge Office Investments, LLC (Pointer Ridge), a real estate investment company. We have eliminated all significant intercompany transactions and balances. The foregoing consolidated financial statements for the periods ended September 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 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. The adoption of ASU 2015-16 did not have a material impact on our consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Recognition and Measurement of Financial Assets and Liabilities , which is intended to improve the recognition and measurement of financial instruments by: requiring equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This ASU is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This ASU permits early adoption of the instrument-specific credit risk provision. 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 March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”), which is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early application is permitted. Old Line Bancshares is currently evaluating the impact of adopting the new guidance on its consolidated financial statements. 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. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments provide guidance on the following nine specific cash flow issues: 1) debt prepayment or debt extinguishment costs; 2) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; 3) contingent consideration payments made after a business combination; 4) proceeds from the settlement of insurance claims; 5) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned; 6) life insurance policies; 7) distributions received from equity method investees; 8) beneficial interests in securitization transactions; and 9) separately identifiable cash flows and application of the predominance principle. The amendments are effective for public companies for fiscal years beginning after December 31, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. Old Line Bancshares is currently evaluating the impact of adopting these amendments on its consolidated financial statements

Pointer Ridge Office Investme21

Pointer Ridge Office Investment, LLC (Tables)	9 Months Ended
	Sep. 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. September 30, December 31, Balance Sheets 2016 2015 Current assets $ $ Non-current assets Liabilities Equity Three Months Ended Nine Months Ended September 30, September 30, Statements of Income 2016 2015 2016 2015 Revenue $ $ $ $ Expenses Net income (loss) $ $ $ $

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 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 September 30, 2016 Available for sale U.S. treasury $ $ $ $ U.S. government agency Corporate Bond — 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	September 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. Treasury $ $ $ — $ — $ $ U.S. government agency — — Municipal securities — — Mortgage backed securities FHLMC certificates — — FNMA certificates — — GNMA certificates Total $ $ $ $ $ $ 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 September 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)	9 Months Ended
	Sep. 30, 2016
Loans and Allowance for Loan Losses
Summary of major classifications of loans held for investment	September 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 September 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 Lien-Investment — First Lien-Owner Occupied — HELOC and Jr. Liens — — — — Commercial and Industrial — Consumer — — Total 30-89 days past due 90 or more days past due Commercial Real Estate: Land and A&D — — — — Residential Real Estate: First-Owner Occupied — — — Consumer — — Total 90 or more days past due — Total accruing past due loans Commercial Real Estate: Owner Occupied — — Investment — — — — Hospitality — Land and A&D — — Residential Real Estate: First-Investment First-Owner Occupied — — Commercial and Industrial — Non-accruing loans: Total Loans $ $ $ $ $ $
Summary of impaired loans	Impaired Loans at September 30, 2016 Three months September 30, 2016 Nine Months Ended September 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 — Residential Real Estate: Investment — Commercial — — With an allowance recorded: Commercial Real Estate: Owner Occupied Hospitality — Commercial and Industrial 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 and Industrial — 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 at acquisition, which includes a discount for loans with credit impairment. These purchased 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 Lien-Investment — — Commercial and Industrial — — With an allowance recorded: Commercial Real Estate: Owner Occupied — Commercial and Industrial Consumer — — — — — Total legacy impaired Acquired (1) With no related allowance recorded: Commercial Real Estate: Investment — — — — — Land and A&D — — Residential Real Estate: First Lien-Owner Occupied — With an allowance recorded: Residential Real Estate: First Lien-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 nine months ended September 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 nine month periods ending September 30, 2016. Loans Modified as a TDR for the three months ended September 30, 2016 September 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 Residential Real Estate Non-Owner Occupied — — — Loans Modified as a TDR for the nine months ended September 30, 2016 September 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	September 30, 2016 September 30, 2015 Balance at beginning of period $ $ Accretion of fair value discounts Reclassification from non-accretable discount Balance at end of period $ $ Contractually Required Payments Receivable Carrying Amount At September 30, 2016 $ $ At December 31, 2015 At September 30, 2015 At December 31, 2014
Schedule of allocation of allowance for loan losses by risk rating	September 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 Lien-Investment First Lien-Owner Occupied Land and A&D HELOC and Jr. Liens Commercial and Industrial Consumer Special Mention (6) Commercial Real Estate: Owner Occupied Investment Hospitality — Land and A&D Residential Real Estate: First Lien-Investment First Lien-Owner Occupied Land and A&D Commercial and Industrial Substandard (7) Commercial Real Estate: Owner Occupied Investment Hospitality — Land and A&D — Residential Real Estate: First Lien-Investment First Lien-Owner Occupied — Land and A&D Commercial and Industrial 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 Lien-Investment First Lien-Owner Occupied Land and A&D HELOC and Jr. Liens Commercial and Industrial Consumer Special Mention (6) Commercial Real Estate: Owner Occupied Investment Hospitality — Land and A&D Residential Real Estate: First Lien-Investment First Lien-Owner Occupied Land and A&D HELOC and Jr. Liens — Commercial and Industrial Substandard (7) Commercial Real Estate: Owner Occupied Investment Land and A&D — Residential Real Estate: First Lien-Investment First Lien-Owner Occupied — Land and A&D — Commercial and Industrial 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 nine month periods ended September 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 September 30, 2016 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries — Loans charged off — — Ending Balance $ $ $ $ $ Commercial Residential Nine Months Ended September 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 September 30, 2015 Commercial Real Estate Real Estate Consumer Total Beginning balance $ $ $ $ $ General provision for loan losses Recoveries — Loans charged off — — Ending Balance $ $ $ $ $ Commercial Residential Nine Months Ended September 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 September 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 September 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 September 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)	9 Months Ended
	Sep. 30, 2016
OTHER REAL ESTATE OWNED
Schedule of transactions in other real estate owned during the period	Nine Months Ended September 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)	9 Months Ended
	Sep. 30, 2016
EARNINGS PER COMMON SHARE
Schedule of weighted average and dilutive average number of shares	Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Weighted average number of shares Dilutive average number of shares

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Measurement
Schedule of assets and liabilities measured at fair value on a recurring basis	At September 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 — — — Corporate Bond — — — 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 changes in fair value included in assets measured in the Consolidated Balance sheet using inputs classified as level 3	The following table provides a reconciliation of changes in fair value included in assets measured in the Consolidated Balance sheet using inputs classified as level 3 in the fair value for the period indicated: Level 3 (in thousands) Nine Months Ended September 30, 2016 Investment available-for-sale Balance as of January 1, 2016 $ — Realized and unrealized gains (losses) Included in earnings — Included in other comprehensive income Purchases, issuances, sales and settlements Transfers into or out of level 3 — Balance at September 30, 2016 $
Schedule of assets and liabilities measured at fair value on a nonrecurring basis	At September 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	September 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)	9 Months Ended
	Sep. 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)	Sep. 02, 2016USD ($)	Sep. 30, 2016USD ($)ft²	Sep. 30, 2015USD ($)	Jul. 31, 2016	Sep. 30, 2016USD ($)ft²	Sep. 30, 2015USD ($)	Aug. 31, 2016	Dec. 31, 2015USD ($)
Condensed Balance Sheets
Liabilities		$ 1,498,247,774			$ 1,498,247,774			$ 1,366,100,000
Equity		151,857,368			151,857,368			143,988,889
Condensed Statements of Income
Net income		$ 3,542,632	$ 3,114,854		$ 8,824,719	$ 8,461,985
Pointer Ridge
Pointer Ridge Office Investment, LLC
Ownership percentage				62.50%	100.00%
Minority ownership percentage purchased							37.50%
Repayment of principal amount of promissory note issued by Pointer Ridge	$ 5,800,000
Area of Real Estate Property | ft²		40,000			40,000
Percentage of building area leased					98
Condensed Balance Sheets
Current assets		$ 367,226			$ 367,226			281,441
Non-current assets		6,187,284			6,187,284			6,281,601
Liabilities		31,204			31,204			5,874,560
Equity		6,523,306			6,523,306			$ 688,484
Condensed Statements of Income
Revenue		170,978	249,020		673,352	736,278
Expenses		172,849	241,303		675,059	749,745
Net income		$ (1,871)	$ 7,717		$ (1,707)	$ (13,467)

Investment Securities -Summary

Investment Securities -Summary of the amortized cost and estimated fair value of securities. - (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Investment securities
Amortized cost	$ 200,869,977	$ 194,642,591
Gross unrealized gains	1,386,238	1,229,338
Gross unrealized losses	(425,330)	(1,166,254)
Estimated fair value	201,830,885	194,705,675
U. S. treasury
Investment securities
Amortized cost	2,999,159	2,999,978
Gross unrealized gains	291	118
Gross unrealized losses	(387)	(96)
Estimated fair value	2,999,063	3,000,000
U.S. government agency
Investment securities
Amortized cost	5,368,415	36,874,804
Gross unrealized gains	5,279	10,283
Gross unrealized losses	(2,002)	(278,424)
Estimated fair value	5,371,692	36,606,663
Corporate bond
Investment securities
Amortized cost	6,500,000
Gross unrealized gains	62,055
Estimated fair value	6,562,055
Municipal securities
Investment securities
Amortized cost	64,825,183	49,130,632
Gross unrealized gains	824,260	1,092,044
Gross unrealized losses	(194,533)	(19,970)
Estimated fair value	65,454,910	50,202,706
FHLMC certificates
Investment securities
Amortized cost	21,549,753	21,734,289
Gross unrealized gains	117,482	55,218
Gross unrealized losses	(11,415)	(26,350)
Estimated fair value	21,655,820	21,763,157
FNMA certificates
Investment securities
Amortized cost	76,691,291	49,461,464
Gross unrealized gains	322,512	22,916
Gross unrealized losses	(140,323)	(382,909)
Estimated fair value	76,873,480	49,101,471
GNMA certificates
Investment securities
Amortized cost	22,936,176	29,758,449
Gross unrealized gains	54,359	48,759
Gross unrealized losses	(76,670)	(389,199)
Estimated fair value	$ 22,913,865	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		9 Months Ended
	Sep. 30, 2016USD ($)security	Sep. 30, 2015USD ($)security	Sep. 30, 2016USD ($)securityitem	Sep. 30, 2015USD ($)security	Dec. 31, 2015USD ($)security
Investment securities
Less than 12 months, Fair value	$ 63,314,707		$ 63,314,707		$ 96,351,663
Less than 12 months, Unrealized losses	388,474		388,474		786,174
12 Months or More, Fair value	4,821,514		4,821,514		22,211,864
12 Months or More, Unrealized losses	36,856		36,856		380,080
Total, Fair value	68,136,222		68,136,222		118,563,527
Total, Unrealized losses	$ 425,330		$ 425,330		$ 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					23
Number of securities in an unrealized loss position for less than 12 months | security	53		53		71
Gain on sales or calls of investment securities	$ 326,021	$ 604	$ 1,226,233	$ 65,222
Available for sale at maturity, call or paydowns	35,100,000		130,496,572	15,715,011
Gross realized gains from the sale or call of investment securities	326,000		1,300,000
Gross realized losses from the sale or call of investment securities			92,000
Net realized gains (losses) from the sale or call of investment securities			1,200,000
U. S. treasury
Investment securities
Less than 12 months, Fair value	1,499,297		1,499,297		$ 1,500,000
Less than 12 months, Unrealized losses	387		387		96
Total, Fair value	1,499,297		1,499,297		1,500,000
Total, Unrealized losses	387		387		96
U.S. government agency
Investment securities
Less than 12 months, Fair value	3,866,414		3,866,414		33,613,513
Less than 12 months, Unrealized losses	2,002		2,002		261,290
12 Months or More, Fair value					1,482,867
12 Months or More, Unrealized losses					17,133
Total, Fair value	3,866,414		3,866,414		35,096,380
Total, Unrealized losses	2,002		2,002		278,423
Municipal securities
Investment securities
Less than 12 months, Fair value	16,254,233		16,254,233		4,864,113
Less than 12 months, Unrealized losses	194,533		194,533		12,224
12 Months or More, Fair value					762,762
12 Months or More, Unrealized losses					7,747
Total, Fair value	16,254,233		16,254,233		5,626,875
Total, Unrealized losses	194,533		$ 194,533		19,971
Gross realized gains and proceeds from sales or calls of investment securities
Number of bonds sold | item			2
Municipal bonds
Gross realized gains and proceeds from sales or calls of investment securities
Gain on sales or calls of investment securities				$ 4,000
Gross realized gains from the sale or call of investment securities		$ 604
Number of bonds sold | security		2		2
Number of bonds called | security				6
Mortgage backed securities
Gross realized gains and proceeds from sales or calls of investment securities
Number of bonds sold | item			22
FHLMC certificates
Investment securities
Less than 12 months, Fair value	4,930,099		$ 4,930,099		9,150,943
Less than 12 months, Unrealized losses	11,415		11,415		26,350
Total, Fair value	4,930,099		4,930,099		9,150,943
Total, Unrealized losses	11,415		11,415		26,350
FNMA certificates
Investment securities
Less than 12 months, Fair value	29,522,890		29,522,890		33,441,909
Less than 12 months, Unrealized losses	140,323		140,323		345,209
12 Months or More, Fair value					2,999,700
12 Months or More, Unrealized losses					37,700
Total, Fair value	29,522,890		29,522,890		36,441,609
Total, Unrealized losses	140,323		140,323		382,909
GNMA certificates
Investment securities
Less than 12 months, Fair value	7,241,774		7,241,774		13,781,185
Less than 12 months, Unrealized losses	39,814		39,814		141,005
12 Months or More, Fair value	4,821,514		4,821,514		12,352,866
12 Months or More, Unrealized losses	36,856		36,856		248,194
Total, Fair value	12,063,289		12,063,289		26,134,051
Total, Unrealized losses	$ 76,670		$ 76,670		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
Gross realized gains and proceeds from sales or calls of investment securities
Number of matured agency security | security				1
Callable agency security
Gross realized gains and proceeds from sales or calls of investment securities
Number of matured agency security | security				1

Investment Securities - Contrac

Investment Securities - Contractual maturities and pledged securities - (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Available for Sale, Amortized cost
Within one year	$ 1,499,475
Over one to five years	6,351,196
Over five to ten years	22,464,527
Over ten years	170,554,779
Total available for sale, Amortized cost	200,869,977	$ 194,642,591
Available for Sale, Fair value
Within one year	1,499,766
Over one to five years	6,392,575
Over five to ten years	22,710,696
Over ten years	171,227,848
Estimated fair value	201,830,885	$ 194,705,675
Pledged securities
Amortized cost	38,809,076
Fair value	$ 38,943,328

Loans - (Details)

Loans - (Details)	9 Months Ended
	Sep. 30, 2016USD ($)item	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Held-for-investment
Total before allowance and deferred loan cost	$ 1,297,561,913		$ 1,150,670,000	$ 1,043,411,878
Allowance for loan losses	(6,352,393)	$ (6,018,923)	(4,909,818)	(4,453,714)	$ (4,435,912)	$ (4,281,835)
Deferred loan costs, net	1,222,039		1,274,533
Total Loans	1,292,431,559		1,147,034,715
Commercial real estate loans	887,800,000		767,600,000
Residential Loan Portfolio	$ 266,100,000		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	$ 135,600,000
Commercial Real Estate
Held-for-investment
Total before allowance and deferred loan cost	887,752,058			699,548,071
Allowance for loan losses	$ (4,010,340)	(3,939,232)	(3,046,714)	(2,871,723)	(2,775,654)	(2,558,368)
Financing Percentage Maximum	80
Commercial Real Estate | Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	$ 251,281,039		251,122,416
Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	444,538,991		356,183,463
Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	135,563,989		102,217,109
Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	$ 56,368,038		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	$ 266,117,678			224,716,760
Allowance for loan losses	(1,092,108)	(927,072)	(682,962)	(602,694)	(756,120)	(926,995)
Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	96,645,774		100,656,195
Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	97,197,899		89,691,575
Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	44,793,933		41,798,751
Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	27,480,073		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	138,298,497		115,482,698
Consumer
Held-for-investment
Total before allowance and deferred loan cost	5,393,680		6,875,115	6,614,857
Allowance for loan losses	(8,671)	(9,767)	(11,613)	(32,750)	(31,090)	(100,101)
Commercial
Held-for-investment
Total before allowance and deferred loan cost	138,298,497			112,532,190
Allowance for loan losses	(1,241,274)	$ (1,142,852)	(1,168,529)	$ (946,547)	$ (873,048)	$ (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	1,093,435,979		912,960,157
Allowance for loan losses	(5,967,482)		(4,821,214)
Deferred loan costs, net	1,222,039		1,274,533
Total Loans	$ 1,088,690,536		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	$ 199,685,195		193,909,818
Legacy | Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	397,470,894		298,434,087
Legacy | Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	124,485,693		91,440,548
Legacy | Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	50,327,621		50,584,469
Legacy | Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	71,563,672		69,121,743
Legacy | Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	50,891,769		37,486,858
Legacy | Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	38,609,391		35,219,801
Legacy | Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	23,746,164		24,168,289
Legacy | Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	131,417,656		105,963,233
Legacy | Consumer
Held-for-investment
Total before allowance and deferred loan cost	5,237,924		6,631,311
Acquired
Held-for-investment
Total before allowance and deferred loan cost	204,125,934		237,709,843
Allowance for loan losses	(384,911)		(88,604)
Total Loans	203,741,023		237,621,239
Acquired | Commercial Real Estate | Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	51,595,844		57,212,598
Acquired | Commercial Real Estate | Investment
Held-for-investment
Total before allowance and deferred loan cost	47,068,097		57,749,376
Acquired | Commercial Real Estate | Hospitality
Held-for-investment
Total before allowance and deferred loan cost	11,078,296		10,776,561
Acquired | Commercial Real Estate | Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	6,040,417		7,538,964
Acquired | Residential Real Estate | First Lien-Investment
Held-for-investment
Total before allowance and deferred loan cost	25,082,102		31,534,452
Acquired | Residential Real Estate | First Lien-Owner Occupied
Held-for-investment
Total before allowance and deferred loan cost	46,306,130		52,204,717
Acquired | Residential Real Estate | Residential Land and A&D
Held-for-investment
Total before allowance and deferred loan cost	6,184,542		6,578,950
Acquired | Residential Real Estate | HELOC and Jr. Liens
Held-for-investment
Total before allowance and deferred loan cost	3,733,909		4,350,956
Acquired | Commercial & Industrial Loans
Held-for-investment
Total before allowance and deferred loan cost	6,880,841		9,519,465
Acquired | Consumer
Held-for-investment
Total before allowance and deferred loan cost	$ 155,756		$ 243,804

Loans - Aging analysis of loans

Loans - Aging analysis of loans - (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Aging analysis of the loan held for investment portfolio
Current	$ 1,285,262,466	$ 1,137,882,394
Accruing past due loans:
Total accruing past due loans	4,951,657	6,893,987
Total Recorded Investment Non-accruing past due loans:	7,347,790	5,893,619
Total loans	1,297,561,913	1,150,670,000	$ 1,043,411,878
Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	3,807,910	6,764,550
Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans	1,143,747	129,437
Commercial Real Estate
Accruing past due loans:
Total loans	887,752,058		699,548,071
Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	2,398,105	2,474,813
Total loans	251,281,039	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		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	444,538,991	356,183,463
Commercial Real Estate | Investment | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	623,274
Commercial Real Estate | Hospitality
Accruing past due loans:
Total accruing past due loans	1,355,719
Total Recorded Investment Non-accruing past due loans:	197,451
Total loans	135,563,989	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	56,368,038	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	1,959,097	617,521
Residential Real Estate
Accruing past due loans:
Total loans	266,117,678		224,716,760
Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	368,836	683,139
Total loans	96,645,774	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	323,641	1,541,752
Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	297,451	566,701
Total loans	97,197,899	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	645,089	2,365,861
Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans	1,108,753
Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	44,793,933	41,798,751
Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	27,480,073	28,519,245
Residential Real Estate | HELOC and Jr. Liens | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	15,779
Commercial
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	2,730,228	1,842,819
Total loans	138,298,497		112,532,190
Commercial | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	221,373	878,267
Consumer
Accruing past due loans:
Total loans	5,393,680	6,875,115	$ 6,614,857
Consumer | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	19,657	2,039
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans	34,994	499
Legacy
Aging analysis of the loan held for investment portfolio
Current	1,084,850,859	907,545,764
Accruing past due loans:
Total accruing past due loans	2,782,363	994,318
Total Recorded Investment Non-accruing past due loans:	5,802,757	4,420,075
Total loans	1,093,435,979	912,960,157
Legacy | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	2,523,768	994,318
Legacy | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans	258,595
Legacy | Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	2,398,105	2,474,813
Total loans	199,685,195	193,909,818
Legacy | Commercial Real Estate | Investment
Accruing past due loans:
Total loans	397,470,894	298,434,087
Legacy | Commercial Real Estate | Hospitality
Accruing past due loans:
Total accruing past due loans	1,355,719
Total loans	124,485,693	91,440,548
Legacy | Commercial Real Estate | Land and A&D
Accruing past due loans:
Total loans	50,327,621	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	1,959,097	459,655
Legacy | Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	192,501	102,443
Total loans	71,563,672	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	323,641	288,747
Legacy | Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total loans	50,891,769	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		241,445
Legacy | Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans	223,601
Legacy | Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	38,609,391	35,219,801
Legacy | Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	23,746,164	24,168,289
Legacy | Commercial
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	1,856,432	1,842,819
Legacy | Commercial | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	221,373	4,471
Legacy | Consumer
Accruing past due loans:
Total loans	5,237,924	6,631,311
Legacy | Consumer | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	19,657
Legacy | Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans	34,994
Acquired
Aging analysis of the loan held for investment portfolio
Current	200,411,607	230,336,630
Accruing past due loans:
Total accruing past due loans	2,169,294	5,899,669
Total Recorded Investment Non-accruing past due loans:	1,545,033	1,473,544
Total loans	204,125,934	237,709,843
Acquired | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	1,284,142	5,770,232
Acquired | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans	885,152	129,437
Acquired | Commercial Real Estate | Owner Occupied
Accruing past due loans:
Total loans	51,595,844	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		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	47,068,097	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	623,274
Acquired | Commercial Real Estate | Hospitality
Accruing past due loans:
Total loans	11,078,296	10,776,561
Acquired | Commercial Real Estate | Land and A&D
Accruing past due loans:
Total accruing past due loans	197,451	261,700
Total loans	6,040,417	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		157,866
Acquired | Residential Real Estate | First Lien-Investment
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	176,335	580,696
Total loans	25,082,102	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		1,253,005
Acquired | Residential Real Estate | First Lien-Owner Occupied
Accruing past due loans:
Total Recorded Investment Non-accruing past due loans:	297,451	566,701
Total loans	46,306,130	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	645,089	2,124,416
Acquired | Residential Real Estate | First Lien-Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due
Accruing past due loans:
Total accruing past due loans	885,152
Acquired | Residential Real Estate | Residential Land and A&D
Accruing past due loans:
Total loans	6,184,542	6,578,950
Acquired | Residential Real Estate | HELOC and Jr. Liens
Accruing past due loans:
Total loans	3,733,909	4,350,956
Acquired | Residential Real Estate | HELOC and Jr. Liens | Financing Receivables, 30 to 89 Days Past Due
Accruing past due loans:
Total accruing past due loans	15,779
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		873,796
Acquired | Consumer
Accruing past due loans:
Total loans	$ 155,756	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	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Unpaid Principal Balance
Total	$ 10,306,692	$ 10,306,692	$ 7,077,135
Recorded Investment
Total	9,731,338	9,731,338	7,056,609
Related Allowance
Total	1,516,683	1,516,683	813,139
Average Recorded Investment
Total	28,787,683	28,906,637	16,688,819
Interest Income Recognized
Total	31,870	162,924	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	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
Residential Real Estate | 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	297,450	297,450
Average Recorded Investment
With no related allowance recorded	1,800,018	1,804,205
Commercial | Commercial
Unpaid Principal Balance
With no related allowance recorded	873,796	873,796
Recorded Investment
With an allowance recorded	873,796	873,796
Related Allowance
Total	9,316	9,316
Average Recorded Investment
With no related allowance recorded		5,327,777
With an allowance recorded	5,309,745
Legacy
Unpaid Principal Balance
Total	7,273,823	7,273,823	6,057,441
Recorded Investment
Total	7,273,823	7,273,823	6,057,441
Related Allowance
Total	1,131,772	1,131,772	724,535
Average Recorded Investment
Total	18,781,001	18,869,481	14,767,783
Interest Income Recognized
Total	20,977	123,296	79,699
Legacy | Commercial Real Estate | Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	569,143	569,143	575,562
With an allowance recorded	2,076,505	2,076,505
Recorded Investment
With no related allowance recorded	569,143	569,143	575,562
With an allowance recorded	2,076,505	2,076,505
Related Allowance
Total	471,005	471,005
Average Recorded Investment
With no related allowance recorded	1,222,859	1,229,181	1,232,306
With an allowance recorded	6,570,593	6,605,858
Interest Income Recognized
With no related allowance recorded	1,280	9,593	13,147
With an allowance recorded	104	39,544
Legacy | Commercial Real Estate | Investment
Unpaid Principal Balance
With no related allowance recorded	1,223,523	1,223,523	1,264,141
Recorded Investment
With no related allowance recorded	1,223,523	1,223,523	1,264,141
Average Recorded Investment
With no related allowance recorded	1,223,523	1,248,574	1,264,141
Interest Income Recognized
With no related allowance recorded	9,741	45,247	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		15,038
Legacy | Residential Real Estate | Investment
Unpaid Principal Balance
With no related allowance recorded	192,501	192,501
Recorded Investment
With no related allowance recorded	192,501	192,501
Average Recorded Investment
With no related allowance recorded	200,854	201,694
Interest Income Recognized
With no related allowance recorded	4,281	4,281
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	865,728	865,728
Recorded Investment
With no related allowance recorded	865,728	865,728
Average Recorded Investment
With no related allowance recorded	3,297,366	3,338,295
Interest Income Recognized
With no related allowance recorded		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	990,704	990,704
Recorded Investment
With an allowance recorded	990,704	990,704
Related Allowance
Total	525,195	525,195
Average Recorded Investment
With an allowance recorded	2,082,387	2,046,717
Interest Income Recognized
With an allowance recorded	5,571	6,517
Acquired
Unpaid Principal Balance
Total	3,032,869	3,032,869	1,019,694
Recorded Investment
Total	2,457,515	2,457,515	999,168
Related Allowance
Total	384,911	384,911	88,604
Average Recorded Investment
With no related allowance recorded		10,037,156
Total	10,006,682		1,921,036
Interest Income Recognized
With no related allowance recorded		39,628
Total	10,893		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	410,095	410,095
Recorded Investment
With no related allowance recorded	245,710	245,710
Average Recorded Investment
With no related allowance recorded	416,389	418,063
Interest Income Recognized
With no related allowance recorded	5,505	14,753
Acquired | Residential Real Estate | First Lien-Investment
Unpaid Principal Balance
With no related allowance recorded	293,046	293,046
With an allowance recorded	79,761	79,761
Recorded Investment
With no related allowance recorded	171,348	171,348
With an allowance recorded	79,761	79,761
Related Allowance
Total	78,145	78,145
Average Recorded Investment
With no related allowance recorded	292,928	293,841
With an allowance recorded	367,132	367,261
Interest Income Recognized
With no related allowance recorded	1,159	3,643
Acquired | Residential Real Estate | First Lien-Owner Occupied
Unpaid Principal Balance
With no related allowance recorded	667,219	667,219
Recorded Investment
With no related allowance recorded	667,219	667,219
Average Recorded Investment
With no related allowance recorded	1,403,588	1,408,689
Interest Income Recognized
With no related allowance recorded	3,711	18,226
Acquired | Commercial | Commercial
Unpaid Principal Balance
With no related allowance recorded	77,230	77,230
Recorded Investment
With no related allowance recorded	77,230	77,230
Average Recorded Investment
With no related allowance recorded	82,611	83,049
Interest Income Recognized
With no related allowance recorded	$ 518	$ 3,006

Loans - Loans Modified as a TDR

Loans - Loans Modified as a TDR - (Details)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)contract	Sep. 30, 2016USD ($)contract	Sep. 30, 2015USD ($)contract	Dec. 31, 2015USD ($)item
Troubled debt restructurings
Number of Contracts | contract		2	1
Pre-Modification Outstanding Recorded Investment		$ 392,842	$ 232,257
Post Modification Outstanding Recorded Investment		$ 158,537	$ 237,551
Residential Real Estate
Troubled debt restructurings
Number of Contracts | contract	1	1	1
Pre-Modification Outstanding Recorded Investment	$ 232,257	$ 136,173	$ 232,257
Post Modification Outstanding Recorded Investment	$ 237,551	$ 66,767	$ 237,551
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				5
Pre-Modification Outstanding Recorded Investment				$ 903,000
Post Modification Outstanding Recorded Investment				$ 711,000

Loans - Changes in the accretab

Loans - Changes in the accretable discount - (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Accretable Yield
Ending balance	$ (167,828)	$ 27,685
Contractually Required Payments Receivable	12,457,556	8,967,694	$ 14,875,352	$ 10,658,840
Carrying Amount	9,924,121	7,183,708	$ 10,675,943	$ 7,994,604
Acquired
Accretable Yield
Beginning balance	276,892	(31,551)
Accretion of fair value discounts	(200,353)	(62,154)
Reclassification from non-accretable	$ 91,289	$ 66,020

Loans - Allocation of the loan

Loans - Allocation of the loan portfolio - (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Credit quality indicators
Account balance	$ 1,297,561,913	$ 1,150,670,000	$ 1,043,411,878
Commercial Real Estate
Credit quality indicators
Account balance	887,752,058		699,548,071
Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	251,281,039	251,122,416
Commercial Real Estate | Investment
Credit quality indicators
Account balance	444,538,991	356,183,463
Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	135,563,989	102,217,109
Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	56,368,038	58,123,433
Residential Real Estate
Credit quality indicators
Account balance	266,117,678		224,716,760
Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	96,645,774	100,656,195
Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	97,197,899	89,691,575
Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	44,793,933	41,798,751
Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	27,480,073	28,519,245
Commercial
Credit quality indicators
Account balance	138,298,497		112,532,190
Consumer
Credit quality indicators
Account balance	$ 5,393,680	6,875,115	$ 6,614,857
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	$ 1,254,002,722	1,110,999,911
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	239,165,921	237,902,524
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	436,044,458	350,268,873
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	132,791,908	100,786,831
Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	53,615,211	54,041,510
Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	92,328,437	96,784,165
Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	73,363,915	85,316,582
Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	60,462,525	39,421,737
Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	27,480,073	28,513,137
Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	133,356,594	111,089,437
Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	5,393,680	6,875,115
Risk rated 6 at acquisition
Credit quality indicators
Account balance	23,248,787	24,367,921
Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	7,433,285	7,707,085
Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	2,194,347	2,847,395
Risk rated 6 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,416,362	1,430,277
Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	2,707,827	2,972,443
Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	2,177,041	2,411,792
Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	2,438,585	2,883,550
Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	4,044,518	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	836,822	1,477,812
Risk rated 7 at acquisition
Credit quality indicators
Account balance	20,310,404	15,302,168
Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	4,681,833	5,512,807
Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	6,300,186	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	1,414,335	1,460,238
Risk rated 7 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	1,860,968	1,491,443
Risk rated 7 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	547,282	812,364
Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	4,105,081	2,915,450
Legacy
Credit quality indicators
Account balance	1,093,435,979	912,960,157
Legacy | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	199,685,195	193,909,818
Legacy | Commercial Real Estate | Investment
Credit quality indicators
Account balance	397,470,894	298,434,087
Legacy | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	124,485,693	91,440,548
Legacy | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	50,327,621	50,584,469
Legacy | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	71,563,672	69,121,743
Legacy | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	50,891,769	37,486,858
Legacy | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	38,609,391	35,219,801
Legacy | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	23,746,164	24,168,289
Legacy | Consumer
Credit quality indicators
Account balance	5,237,924	6,631,311
Legacy | Risk rated 1 - 5 at acquisition
Credit quality indicators
Account balance	1,069,239,502	895,388,512
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	193,400,596	187,470,038
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	392,296,125	296,144,038
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	123,129,974	91,440,548
Legacy | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	47,783,461	47,935,681
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	69,650,535	67,862,579
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	30,822,875	37,409,003
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	55,548,235	33,611,213
Legacy | Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	23,746,164	24,162,182
Legacy | Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	127,623,613	102,721,919
Legacy | Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	5,237,924	6,631,311
Legacy | Risk rated 6 at acquisition
Credit quality indicators
Account balance	10,771,862	10,378,375
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	2,812,834	2,863,922
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	404,081	1,025,908
Legacy | Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	2,544,160	2,648,788
Legacy | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	592,731	867,973
Legacy | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	534,463	77,855
Legacy | Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	3,244,154	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	639,439	1,279,234
Legacy | Risk rated 7 at acquisition
Credit quality indicators
Account balance	13,424,615	7,193,270
Legacy | Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	3,471,765	3,575,859
Legacy | Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	4,770,688	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	594,444	391,190
Legacy | Risk rated 7 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	77,395
Legacy | Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	3,154,604	1,962,080
Acquired
Credit quality indicators
Account balance	204,125,934	237,709,843
Acquired | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	51,595,844	57,212,598
Acquired | Commercial Real Estate | Investment
Credit quality indicators
Account balance	47,068,097	57,749,376
Acquired | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	11,078,296	10,776,561
Acquired | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	6,040,417	7,538,964
Acquired | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	25,082,102	31,534,452
Acquired | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	46,306,130	52,204,717
Acquired | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	6,184,542	6,578,950
Acquired | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	3,733,909	4,350,956
Acquired | Consumer
Credit quality indicators
Account balance	155,756	243,804
Acquired | Risk rated 1 - 5 at acquisition
Credit quality indicators
Account balance	184,763,220	215,611,399
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	45,765,325	50,432,486
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	43,748,333	54,124,835
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	9,661,934	9,346,283
Acquired | Risk rated 1 - 5 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	5,831,750	6,105,829
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	22,677,902	28,921,586
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	42,541,040	47,907,579
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	4,914,290	5,810,524
Acquired | Risk rated 1 - 5 at acquisition | Residential Real Estate | HELOC and Jr. Liens
Credit quality indicators
Account balance	3,733,909	4,350,955
Acquired | Risk rated 1 - 5 at acquisition | Commercial
Credit quality indicators
Account balance	5,732,981	8,367,518
Acquired | Risk rated 1 - 5 at acquisition | Consumer
Credit quality indicators
Account balance	155,756	243,804
Acquired | Risk rated 6 at acquisition
Credit quality indicators
Account balance	12,476,925	13,989,546
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	4,620,451	4,843,163
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,790,266	1,821,487
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Hospitality
Credit quality indicators
Account balance	1,416,362	1,430,277
Acquired | Risk rated 6 at acquisition | Commercial Real Estate | Land and A&D
Credit quality indicators
Account balance	163,667	323,655
Acquired | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Investment
Credit quality indicators
Account balance	1,584,310	1,543,819
Acquired | Risk rated 6 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	1,904,122	2,805,695
Acquired | Risk rated 6 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	800,364	1,022,872
Acquired | Risk rated 6 at acquisition | Commercial
Credit quality indicators
Account balance	197,383	198,578
Acquired | Risk rated 7 at acquisition
Credit quality indicators
Account balance	6,885,789	8,108,898
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Owner Occupied
Credit quality indicators
Account balance	1,210,068	1,936,948
Acquired | Risk rated 7 at acquisition | Commercial Real Estate | Investment
Credit quality indicators
Account balance	1,529,498	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	819,891	1,069,048
Acquired | Risk rated 7 at acquisition | Residential Real Estate | First Lien-Owner Occupied
Credit quality indicators
Account balance	1,860,968	1,491,443
Acquired | Risk rated 7 at acquisition | Residential Real Estate | Residential Land and A&D
Credit quality indicators
Account balance	469,887	812,364
Acquired | Risk rated 7 at acquisition | Commercial
Credit quality indicators
Account balance	$ 950,477	$ 953,370

Loans - Activity in the allowan

Loans - Activity in the allowance for loan losses by portfolio segment - (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Activity in the allowance for loan losses
Beginning balance	$ 6,018,923	$ 4,435,912	$ 4,909,818	$ 4,281,835
General provision for loan losses	305,931	263,595	1,384,542	910,984
Recoveries	34,939	49,289	79,244	153,997
Allowance for loan losses before charge offs	6,359,793	4,748,796	6,373,604	5,346,816
Loans charged off	(7,400)	(295,082)	(21,211)	(893,102)
Ending Balance	6,352,393	4,453,714	6,352,393	4,453,714
Amount allocated to:
Ending balance	6,018,923	4,435,912	4,909,818	4,281,835	$ 6,352,393	$ 4,453,714
Legacy
Activity in the allowance for loan losses
Beginning balance			4,821,214
Ending Balance	5,967,482		5,967,482
Amount allocated to:
Individually evaluated for impairment					1,131,772	220,791
Other loans not individually evaluated					4,835,710	4,144,209
Ending balance	5,967,482		4,821,214		5,967,482
Acquired
Activity in the allowance for loan losses
Beginning balance			88,604
Ending Balance	384,911		384,911
Amount allocated to:
Individually evaluated for impairment					384,911	88,714
Ending balance	384,911		88,604		384,911
Commercial
Activity in the allowance for loan losses
Beginning balance	1,142,852	873,048	1,168,529	696,371
General provision for loan losses	70,275	102,642	34,785	474,753
Recoveries	28,147	600	42,431	2,142
Allowance for loan losses before charge offs	1,241,274	976,290	1,245,745	1,173,266
Loans charged off		(29,743)	(4,471)	(226,719)
Ending Balance	1,241,274	946,547	1,241,274	946,547
Amount allocated to:
Ending balance	1,142,852	873,048	1,168,529	696,371	1,241,274	946,547
Commercial | Legacy
Amount allocated to:
Individually evaluated for impairment					525,195	206,517
Other loans not individually evaluated					716,079	740,030
Commercial Real Estate
Activity in the allowance for loan losses
Beginning balance	3,939,232	2,775,654	3,046,714	2,558,368
General provision for loan losses	71,108	96,069	963,626	313,335
Recoveries				20
Allowance for loan losses before charge offs	4,010,340	2,871,723	4,010,340	2,871,723
Ending Balance	4,010,340	2,871,723	4,010,340	2,871,723
Amount allocated to:
Ending balance	3,939,232	2,775,654	3,046,714	2,558,368	4,010,340	2,871,723
Commercial Real Estate | Legacy
Amount allocated to:
Individually evaluated for impairment					606,577	14,274
Other loans not individually evaluated					3,403,763	2,857,449
Residential Real Estate
Activity in the allowance for loan losses
Beginning balance	927,072	756,120	682,962	926,995
General provision for loan losses	169,157	70,467	397,153	241,507
Recoveries	2,979	41,446	22,147	96,531
Allowance for loan losses before charge offs	1,099,208	868,033	1,102,262	1,265,033
Loans charged off	(7,100)	(265,339)	(10,154)	(662,339)
Ending Balance	1,092,108	602,694	1,092,108	602,694
Amount allocated to:
Ending balance	927,072	756,120	682,962	926,995	1,092,108	602,694
Residential Real Estate | Legacy
Amount allocated to:
Other loans not individually evaluated					707,197	513,980
Residential Real Estate | Acquired
Amount allocated to:
Individually evaluated for impairment					384,911	88,714
Consumer
Activity in the allowance for loan losses
Beginning balance	9,767	31,090	11,613	100,101
General provision for loan losses	(4,609)	(5,583)	(11,022)	(118,611)
Recoveries	3,813	7,243	14,666	55,304
Allowance for loan losses before charge offs	8,971	32,750	15,257	36,794
Loans charged off	(300)		(6,586)	(4,044)
Ending Balance	8,671	32,750	8,671	32,750
Amount allocated to:
Ending balance	$ 9,767	$ 31,090	$ 11,613	$ 100,101	8,671	32,750
Consumer | Legacy
Amount allocated to:
Other loans not individually evaluated					$ 8,671	$ 32,750

Loans - Recorded investment in

Loans - Recorded investment in loans - (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 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	$ 1,297,561,913	$ 1,150,670,000	$ 1,043,411,878
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	138,298,497		112,532,190
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	887,752,058		699,548,071
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	266,117,678		224,716,760
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	5,393,680	6,875,115	6,614,857
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	4,422,928		346,297
Individually evaluated for impairment without specific reserve	2,850,895		2,291,991
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition)	1,781,861
Other loans not individually evaluated	1,086,162,155		888,769,157
Ending balance	1,093,435,979	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	990,704		332,023
Individually evaluated for impairment without specific reserve	865,728		653,498
Other loans not individually evaluated	129,561,224		104,550,503
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	3,432,224		14,274
Individually evaluated for impairment without specific reserve	1,792,666		1,533,345
Other loans not individually evaluated	766,744,513		624,337,136
Legacy | Residential Real Estate
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology
Individually evaluated for impairment without specific reserve	192,501		105,148
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	1,370,360
Other loans not individually evaluated	184,618,494		153,485,910
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	5,237,924		6,395,608
Ending balance	5,237,924	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)			1,572,174
Individually evaluated for impairment with specific reserve ( ASC 310.20 at acquisition)	1,251,008		223,617
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	9,924,121		7,183,708
Collectively evaluated for impairment without reserve	191,168,945		143,024,934
Ending balance	204,125,934	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)	77,230		81,081
Individually evaluated for impairment with specific reserve ( ASC 310.20 at acquisition)	873,796
Collectively evaluated for impairment without reserve	5,929,815		6,915,085
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)	334,271		48,359
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	4,283,712		3,473,058
Collectively evaluated for impairment without reserve	111,164,672		70,141,899
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)			1,442,734
Individually evaluated for impairment with specific reserve ( ASC 310.20 at acquisition)	377,212		223,617
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition)	5,640,409		3,710,650
Collectively evaluated for impairment without reserve	73,918,702		65,748,701
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	155,756		$ 219,249
Ending balance	$ 155,756	$ 243,804

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)	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			365,895	$ 820,725
Additional write down of real estate owned			(35,400)
Sales/deposit on sales			(948,039)
Net realized gain on sale of real estate owned	$ 27,914	$ 114,709	80,220	$ (29,214)
Total end of period	1,934,720		1,934,720
Residential foreclosures classified as other real estate	190,000		190,000
Loans secured by residential real estate in process of foreclosure	396,000		396,000		$ 583,000
Legacy
Transactions in other real estate owned during the period
Beginning balance			425,000
Total end of period	425,000		425,000
Acquired
Transactions in other real estate owned during the period
Beginning balance			2,047,044
Real estate acquired through foreclosure of loans			365,895
Additional write down of real estate owned			(35,400)
Sales/deposit on sales			(948,039)
Net realized gain on sale of real estate owned			80,220
Total end of period	$ 1,509,720		$ 1,509,720

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
EARNINGS PER COMMON SHARE
Weighted average number of shares	10,848,418	10,544,357	10,824,436	10,655,375
Dilutive average number of shares	11,033,655	10,685,306	10,998,150	10,792,821

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Stock based compensation
Stock-based compensation expense	$ 182,583	$ 118,176	$ 444,664	$ 300,243
Period over which unrecognized compensation cost is expected to be realized			2 years 6 months
Shares available for future issuance	332,161		332,161
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)				32,000
Restricted stock
Stock based compensation
Unrecognized compensation cost related to non-vested stock options	$ 1,200,000		$ 1,200,000
Restricted stock granted (in shares)			36,461	30,726
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	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 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	(49,957)	(27,173)	$ 19,975
Available-for-sale	201,830,885	201,830,885		194,705,675
U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale	2,999,063	2,999,063		3,000,000
U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale	5,371,692	5,371,692		36,606,663
Corporate bond
Assets and liabilities measured at fair value
Available-for-sale	6,562,055	6,562,055
Municipal securities
Assets and liabilities measured at fair value
Available-for-sale	65,454,910	65,454,910		50,202,706
FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale	21,655,820	21,655,820		21,763,157
FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	76,873,480	76,873,480		49,101,471
GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	22,913,865	22,913,865		29,418,009
SBA loan pools
Assets and liabilities measured at fair value
Available-for-sale				4,613,669
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets and liabilities measured at fair value
Available-for-sale	2,999,000	2,999,000		3,000,000
Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Available-for-sale	192,270,000	192,270,000		191,706,000
Significant Unobservable Inputs (Level 3)
Assets and liabilities measured at fair value
Available-for-sale	6,562	6,562
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in other comprehensive income		62,000
Purchases, issuances, sales and settlements		6,500,000
Balance begining	6,562,000	6,562,000
Carrying Value
Assets and liabilities measured at fair value
Available-for-sale	201,831,000	201,831,000		194,706,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets and liabilities measured at fair value
Assets	2,999,000	2,999,000		3,000,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale	2,999,000	2,999,000		3,000,000
Recurring basis | Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Assets	192,270,000	192,270,000		191,706,000
Recurring basis | Other Observable Inputs (Level 2) | U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale	5,372,000	5,372,000		36,607,000
Recurring basis | Other Observable Inputs (Level 2) | Municipal securities
Assets and liabilities measured at fair value
Available-for-sale	65,455,000	65,455,000		50,203,000
Recurring basis | Other Observable Inputs (Level 2) | FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale	21,656,000	21,656,000		21,763,000
Recurring basis | Other Observable Inputs (Level 2) | FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	76,873,000	76,873,000		49,101,000
Recurring basis | Other Observable Inputs (Level 2) | GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	22,914,000	22,914,000		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 | Significant Unobservable Inputs (Level 3)
Assets and liabilities measured at fair value
Assets	6,562,000	6,562,000
Recurring basis | Significant Unobservable Inputs (Level 3) | Corporate bond
Assets and liabilities measured at fair value
Assets	6,562,000	6,562,000
Recurring basis | Carrying Value
Assets and liabilities measured at fair value
Assets	201,831,000	201,831,000		194,706,000
Recurring basis | Carrying Value | U. S. treasury
Assets and liabilities measured at fair value
Available-for-sale	2,999,000	2,999,000		3,000,000
Recurring basis | Carrying Value | U.S. government agency
Assets and liabilities measured at fair value
Available-for-sale	5,372,000	5,372,000		36,607,000
Recurring basis | Carrying Value | Corporate bond
Assets and liabilities measured at fair value
Available-for-sale	6,562,000	6,562,000
Recurring basis | Carrying Value | Municipal securities
Assets and liabilities measured at fair value
Available-for-sale	65,455,000	65,455,000		50,203,000
Recurring basis | Carrying Value | FHLMC certificates
Assets and liabilities measured at fair value
Available-for-sale	21,656,000	21,656,000		21,763,000
Recurring basis | Carrying Value | FNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	76,873,000	76,873,000		49,101,000
Recurring basis | Carrying Value | GNMA certificates
Assets and liabilities measured at fair value
Available-for-sale	$ 22,914,000	$ 22,914,000		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)	9 Months Ended
	Sep. 30, 2016USD ($)item	Dec. 31, 2015USD ($)
Assets and liabilities measured at fair value
Impaired Loans	$ 9,731,338	$ 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	$ 7,273,823	6,057,441
Acquired
Assets and liabilities measured at fair value
Impaired Loans	$ 2,457,515	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	$ 8,215,000	7,291,000
Other real estate owned	1,935,000	2,472,000
Assets	10,150,000	9,763,000
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Legacy
Assets and liabilities measured at fair value
Impaired Loans	6,142,000	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	2,073,000	1,958,000
Other real estate owned	1,510,000	2,047,000
Nonrecurring basis | Carrying Value
Assets and liabilities measured at fair value
Impaired Loans	8,215,000	7,291,000
Other real estate owned	1,935,000	2,472,000
Assets	10,150,000	9,763,000
Nonrecurring basis | Carrying Value | Legacy
Assets and liabilities measured at fair value
Impaired Loans	6,142,000	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	2,073,000	1,958,000
Other real estate owned	$ 1,510,000	$ 2,047,000

Fair Value Measurement - Estima

Fair Value Measurement - Estimated fair value of financial instruments - (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Assets:
Loans held-for-sale	$ 7,894,905	$ 8,277,775
Investment securities available for sale	201,830,885	194,705,675
Bank Owned Life Insurance	37,321,217	36,606,105
Accrued interest receivable	3,686,161	3,814,546
Liabilities:
Non-interest bearing	328,967,215	328,549,405
Interest bearing	972,325,625	907,330,561
Accrued interest payable	712,080	416,686
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	30,158,000	43,701,000
Investment securities available for sale	2,999,000	3,000,000
Other Observable Inputs (Level 2)
Assets:
Loans held-for-sale	7,895,000	8,397,000
Investment securities available for sale	192,270,000	191,706,000
Equity securities at cost	6,603,000	4,942,000
Accrued interest receivable	784,000	908,000
Liabilities:
Non-interest bearing	328,967,000	328,549,000
Interest bearing	981,449,000	908,356,000
Short term borrowings	141,775,000	107,557,000
Long term borrowings	37,575,000	9,593,000
Accrued interest payable	712,000	417,000
Significant Unobservable Inputs (Level 3)
Assets:
Loans receivable, net		1,153,976,000	$ 1,298,958,000
Investment securities available for sale	6,562
Accrued interest receivable		2,907,000	$ 2,902,000
Carrying Value
Assets:
Cash and cash equivalents	30,158,000	43,701,000
Loans receivable, net	1,292,432,000	1,147,035,000
Loans held-for-sale	7,578,000	8,112,000
Investment securities available for sale	201,831,000	194,706,000
Equity securities at cost	6,603,000	4,942,000
Accrued interest receivable	3,686,000	3,815,000
Liabilities:
Non-interest bearing	328,967,000	328,549,000
Interest bearing	972,326,000	907,331,000
Short term borrowings	141,775,000	107,557,000
Long term borrowings	37,575,000	9,593,000
Accrued interest payable	712,000	417,000
Total Estimated Fair Value
Assets:
Cash and cash equivalents	30,158,000	43,701,000
Loans receivable, net	1,298,958,000	1,153,976,000
Loans held-for-sale	7,895,000	8,397,000
Investment securities available for sale	201,831,000	194,706,000
Equity securities at cost	6,603,000	4,942,000
Accrued interest receivable	3,686,000	3,815,000
Liabilities:
Non-interest bearing	328,967,000	328,549,000
Interest bearing	981,449,000	908,356,000
Short term borrowings	141,775,000	107,557,000
Long term borrowings	37,575,000	9,593,000
Accrued interest payable	$ 712,000	$ 417,000

Short Term Borrowings (Details)

Short Term Borrowings (Details) - Repurchase agreements $ in Millions	Sep. 30, 2016USD ($)
Short term borrowings
Maximum borrowing capacity	$ 31.8
Value of collateral provided	$ 38.9

Long Term Borrowings (Details)

Long Term Borrowings (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Long term borrowings
Long-term Debt	$ 37,776,841	$ 9,593,318
Trust I maturing on March 17, 2034
Long term borrowings
Long-term Debt	4,000,000
Fair value adjustment	1,600,000
Trust II maturing December 14, 2035
Long term borrowings
Long-term Debt	2,500,000
Fair value adjustment	1,300,000
5.625% Fixed-to-Floating Rate Subordinated Notes due 2016
Long term borrowings
Long-term Debt	$ 35,000,000
Interest rate (as a percent)	5.625%
Notes, fair value	$ 34,000,000
Regal Bancorp Inc. | Trust preferred subordinated debentures
Long term borrowings
Long-term Debt	3,600,000
Fair value adjustment	$ 2,900,000

Acquisition of Regal Bancorp 48

Acquisition of Regal Bancorp Inc (Details)	Dec. 04, 2015USD ($)$ / sharesshares	Sep. 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