Maryland Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Company	COM	88579Y101	1,066	6,488	SH		SOLE		6,488	0	0
Abbott Laboratories	COM	002824100	16,152	358,776	SH		SOLE		358,776	0	0
Abbott Laboratories	COM	002824100	176	3,910	SH		OTR		3,910	0	0
AbbVie, Inc.	COM	00287Y109	1,013	15,485	SH		SOLE		15,485	0	0
AbbVie, Inc.	COM	00287Y109	196	3,000	SH		OTR		3,000	0	0
Accenture PLC	COM	G1151C101	335	3,750	SH		SOLE		3,750	0	0
Actavis PLC	COM	G0083B108	26,268	102,046	SH		SOLE		102,046	0	0
Actavis PLC	COM	G0083B108	13	50	SH		OTR		50	0	0
Alkane, Inc.	COM	01642L105	0	10,000	SH		SOLE		10,000	0	0
Allergan, Inc.	COM	018490102	417	1,960	SH		SOLE		1,960	0	0
Altria Group Inc.	COM	02209S103	1,480	30,039	SH		SOLE		30,039	0	0
Altria Group Inc.	COM	02209S103	29	595	SH		OTR		595	0	0
Amazon.com Inc.	COM	023135106	298	961	SH		SOLE		961	0	0
American Express Co.	COM	025816109	525	5,641	SH		SOLE		5,641	0	0
Amgen, Inc.	COM	031162100	293	1,841	SH		SOLE		1,841	0	0
Apple Inc.	COM	037833100	18,755	169,916	SH		SOLE		169,916	0	0
Apple Inc.	COM	037833100	39	350	SH		OTR		350	0	0
Aqua America Corp.	COM	03836W103	500	18,732	SH		SOLE		18,732	0	0
Arch Capital Group Ltd.	COM	G0450A105	230	3,900	SH		SOLE		3,900	0	0
Arthur J. Gallagher & Co.	COM	363576109	866	18,395	SH		SOLE		18,395	0	0
AT&T, Inc.	COM	00206R102	6,013	179,000	SH		SOLE		179,000	0	0
AT&T, Inc.	COM	00206R102	109	3,253	SH		OTR		3,253	0	0
Bank of America Corp.	COM	060505104	379	21,208	SH		SOLE		21,208	0	0
Bard (C.R.) Company, Inc.	COM	067383109	320	1,920	SH		SOLE		1,920	0	0
BB&T Corporation	COM	054937107	2,442	62,800	SH		SOLE		62,800	0	0
Berkshire Hathaway, Inc.- CL B	COM	084670702	3,350	22,314	SH		SOLE		22,314	0	0
Bristol Myers Squibb, Inc.	COM	110122108	1,806	30,588	SH		SOLE		30,588	0	0
Buckeye Partners UTS Limited P	COM	118230101	224	2,955	SH		SOLE		2,955	0	0
Buckeye Partners UTS Limited P	COM	118230101	15	200	SH		OTR		200	0	0
Canadian National RY Co.	COM	136375102	413	6,000	SH		SOLE		6,000	0	0
Cannabis Science Inc	COM	137648101	1	17,000	SH		SOLE		17,000	0	0
Catamaran Corporation	COM	148887102	16,632	321,388	SH		SOLE		321,388	0	0
Catamaran Corporation	COM	148887102	27	529	SH		OTR		529	0	0
Chevron Corp.	COM	166764100	2,714	24,190	SH		SOLE		24,190	0	0
Chipotle Mexican Grill Inc.	COM	169656105	22,512	32,888	SH		SOLE		32,888	0	0
Chipotle Mexican Grill Inc.	COM	169656105	19	28	SH		OTR		28	0	0
Cincinnati Financial Corporati	COM	172062101	953	18,390	SH		SOLE		18,390	0	0
Cisco Systems, Inc.	COM	17275R102	419	15,076	SH		SOLE		15,076	0	0
Coca-Cola Co.	COM	191216100	1,204	28,525	SH		SOLE		28,525	0	0
Colgate Palmolive Co.	COM	194162103	316	4,562	SH		SOLE		4,562	0	0
Concho Resources Inc.	COM	20605P101	9,809	98,335	SH		SOLE		98,335	0	0
Concho Resources Inc.	COM	20605P101	2	20	SH		OTR		20	0	0
ConocoPhillips	COM	20825C104	6,948	100,613	SH		SOLE		100,613	0	0
ConocoPhillips	COM	20825C104	25	355	SH		OTR		355	0	0
Consolidated Edison Co., Inc.	COM	209115104	1,084	16,416	SH		SOLE		16,416	0	0
Corporate Office Properties Tr	COM	22002T108	2,592	91,360	SH		SOLE		91,360	0	0
Costco Wholesale Corp.	COM	22160K105	354	2,500	SH		SOLE		2,500	0	0
Cummins Inc.	COM	231021106	13,133	91,091	SH		SOLE		91,091	0	0
Cummins Inc.	COM	231021106	32	220	SH		OTR		220	0	0
CVS Caremark Corp.	COM	126650100	878	9,121	SH		SOLE		9,121	0	0
Danaher Corp.	COM	235851102	759	8,850	SH		SOLE		8,850	0	0
Dominion Resources, Inc.	COM	25746U109	982	12,767	SH		SOLE		12,767	0	0
Dominion Resources, Inc.	COM	25746U109	69	900	SH		OTR		900	0	0
Dow Chemical Co., Inc.	COM	260543103	190	4,167	SH		SOLE		4,167	0	0
Dow Chemical Co., Inc.	COM	260543103	27	600	SH		OTR		600	0	0
Du Pont (E.I.) De Nemours & Co	COM	263534109	2,990	40,440	SH		SOLE		40,440	0	0
Du Pont (E.I.) De Nemours & Co	COM	263534109	30	400	SH		OTR		400	0	0
Duke Energy Corporation	COM	26441C204	3,916	46,879	SH		SOLE		46,879	0	0
Duke Energy Corporation	COM	26441C204	42	503	SH		OTR		503	0	0
Duke Energy Corporation	COM	26441C204	51	609	SH		OTR		609	0	0
eBay, Inc.	COM	278642103	12,733	226,883	SH		SOLE		226,883	0	0
eBay, Inc.	COM	278642103	28	500	SH		OTR		500	0	0
Eli Lilly & Co.	COM	532457108	2,850	41,313	SH		SOLE		41,313	0	0
EMC Corp.	COM	268648102	270	9,075	SH		SOLE		9,075	0	0
Enbridge Energy Partners, LP	COM	29250R106	680	17,050	SH		SOLE		17,050	0	0
Enbridge Energy Partners, LP	COM	29250R106	96	2,400	SH		OTR		2,400	0	0
Enterprise Products Partners L	COM	293792107	2,185	60,503	SH		SOLE		60,503	0	0
Express Scripts Holding Compan	COM	30219G108	19,727	232,990	SH		SOLE		232,990	0	0
Express Scripts Holding Compan	COM	30219G108	64	750	SH		OTR		750	0	0
Exxon Mobil Corp.	COM	30231G102	4,605	49,807	SH		SOLE		49,807	0	0
Exxon Mobil Corp.	COM	30231G102	2,807	30,358	SH		OTR		30,358	0	0
FelCor Lodging Trust Incorpora	COM	31430F101	122	11,300	SH		SOLE		11,300	0	0
Ford Motor Corp.	COM	345370860	484	31,210	SH		SOLE		31,210	0	0
Freeport McMoran Copper & Gold	COM	35671D857	291	12,440	SH		SOLE		12,440	0	0
Freeport McMoran Copper & Gold	COM	35671D857	35	1,500	SH		OTR		1,500	0	0
General Electric Company	COM	369604103	16,292	644,716	SH		SOLE		644,716	0	0
General Electric Company	COM	369604103	185	7,325	SH		OTR		7,325	0	0
General Mills Corp., Inc.	COM	370334104	238	4,460	SH		SOLE		4,460	0	0
General Mills Corp., Inc.	COM	370334104	32	600	SH		OTR		600	0	0
Google Inc Class A	COM	38259P508	6,518	12,282	SH		SOLE		12,282	0	0
Google Inc Class A	COM	38259P508	27	50	SH		OTR		50	0	0
Google Inc.	COM	38259P706	8,190	15,559	SH		SOLE		15,559	0	0
Google Inc.	COM	38259P706	26	50	SH		OTR		50	0	0
HCP, Inc.	COM	40414L109	1,119	25,410	SH		SOLE		25,410	0	0
HCP, Inc.	COM	40414L109	189	4,300	SH		OTR		4,300	0	0
Health Care Reit Inc.	COM	42217K106	3,547	46,868	SH		SOLE		46,868	0	0
Home Depot, Inc.	COM	437076102	2,133	20,317	SH		SOLE		20,317	0	0
Hospitality Properties Trust	COM	44106M102	214	6,895	SH		SOLE		6,895	0	0
Hospitality Properties Trust	COM	44106M102	31	1,000	SH		OTR		1,000	0	0
Illinois Tool Works, Inc.	COM	452308109	242	2,560	SH		SOLE		2,560	0	0
Intel Corporation	COM	458140100	3,239	89,252	SH		SOLE		89,252	0	0
Intel Corporation	COM	458140100	40	1,100	SH		OTR		1,100	0	0
Intl Business Machines, Corp.	COM	459200101	1,486	9,261	SH		SOLE		9,261	0	0
Intl Business Machines, Corp.	COM	459200101	16	100	SH		OTR		100	0	0
J P Morgan Chase & Co.	COM	46625H100	1,739	27,792	SH		SOLE		27,792	0	0
J P Morgan Chase & Co.	COM	46625H100	39	620	SH		OTR		620	0	0
Johnson & Johnson	COM	478160104	2,832	27,083	SH		SOLE		27,083	0	0
Johnson & Johnson	COM	478160104	94	900	SH		OTR		900	0	0
Kimberly Clark Corp.	COM	494368103	1,475	12,765	SH		SOLE		12,765	0	0
Kimberly Clark Corp.	COM	494368103	104	900	SH		OTR		900	0	0
Kinder Morgan Inc.	COM	49456B101	2,610	61,694	SH		SOLE		61,694	0	0
Kinder Morgan Inc.	COM	49456B101	23	548	SH		OTR		548	0	0
Kraft Foods Group	COM	50076Q106	398	6,350	SH		SOLE		6,350	0	0
Kraft Foods Group	COM	50076Q106	9	137	SH		OTR		137	0	0
Las Vegas Sands Corp.	COM	517834107	11,310	194,464	SH		SOLE		194,464	0	0
Las Vegas Sands Corp.	COM	517834107	53	915	SH		OTR		915	0	0
Lockheed Martin Corp. Inc.	COM	539830109	402	2,090	SH		SOLE		2,090	0	0
Lowes Companies, Inc.	COM	548661107	801	11,645	SH		SOLE		11,645	0	0
Magellan Midstream Partners LP	COM	559080106	463	5,600	SH		SOLE		5,600	0	0
Marathon Oil Corp.	COM	565849106	215	7,591	SH		SOLE		7,591	0	0
Marathon Petroleum Corporation	COM	56585A102	347	3,840	SH		SOLE		3,840	0	0
Marriott International Corpora	COM	571903202	249	3,188	SH		SOLE		3,188	0	0
MasterCard Incorporated	COM	57636Q104	17,652	204,872	SH		SOLE		204,872	0	0
MasterCard Incorporated	COM	57636Q104	22	250	SH		OTR		250	0	0
McCormick & Co., Inc. - Voting	COM	579780107	371	5,000	SH		SOLE		5,000	0	0
McCormick & Company, Inc.	COM	579780206	596	8,025	SH		SOLE		8,025	0	0
McDonald's Corp., Inc.	COM	580135101	1,576	16,818	SH		SOLE		16,818	0	0
McDonald's Corp., Inc.	COM	580135101	45	485	SH		OTR		485	0	0
Medtronic, Inc.	COM	585055106	1,291	17,885	SH		SOLE		17,885	0	0
Merck & Co., Inc.	COM	58933Y105	1,784	31,407	SH		SOLE		31,407	0	0
Merck & Co., Inc.	COM	58933Y105	34	600	SH		OTR		600	0	0
Microsoft Corporation	COM	594918104	16,321	351,359	SH		SOLE		351,359	0	0
Microsoft Corporation	COM	594918104	41	875	SH		OTR		875	0	0
Mondelez Int'l. Inc.	COM	609207105	199	5,471	SH		SOLE		5,471	0	0
Mondelez Int'l. Inc.	COM	609207105	15	411	SH		OTR		411	0	0
NextEra Energy	COM	65339F101	733	6,895	SH		SOLE		6,895	0	0
NextEra Energy	COM	65339F101	88	825	SH		OTR		825	0	0
NII Holdings Inc	COM	62913F201	1	40,000	SH		SOLE		40,000	0	0
Noble Energy, Inc.	COM	655044105	218	4,600	SH		SOLE		4,600	0	0
Occidental Petroleum Corp., In	COM	674599105	345	4,280	SH		SOLE		4,280	0	0
Omega Healthcare Invs REIT	COM	681936100	301	7,695	SH		SOLE		7,695	0	0
Oracle Corp.	COM	68389X105	629	13,993	SH		SOLE		13,993	0	0
Paychex, Inc.	COM	704326107	201	4,355	SH		SOLE		4,355	0	0
Pepco Holdings	COM	713291102	1,695	62,953	SH		SOLE		62,953	0	0
Pepsico, Inc.	COM	713448108	15,349	162,325	SH		SOLE		162,325	0	0
Pepsico, Inc.	COM	713448108	76	800	SH		OTR		800	0	0
Pfizer, Inc.	COM	717081103	2,504	80,377	SH		SOLE		80,377	0	0
Pfizer, Inc.	COM	717081103	196	6,300	SH		OTR		6,300	0	0
Philip Morris International In	COM	718172109	1,531	18,792	SH		SOLE		18,792	0	0
Philip Morris International In	COM	718172109	48	595	SH		OTR		595	0	0
Phillips 66	COM	718546104	408	5,691	SH		SOLE		5,691	0	0
Plains All American Pipeline L	COM	726503105	357	6,965	SH		SOLE		6,965	0	0
PPL Corporation	COM	69351T106	2,231	61,417	SH		SOLE		61,417	0	0
Procter & Gamble Company	COM	742718109	15,860	174,108	SH		SOLE		174,108	0	0
Procter & Gamble Company	COM	742718109	67	740	SH		OTR		740	0	0
Public Service Enterprises	COM	744573106	266	6,423	SH		SOLE		6,423	0	0
Qualcomm, Inc.	COM	747525103	12,709	170,975	SH		SOLE		170,975	0	0
Qualcomm, Inc.	COM	747525103	38	515	SH		OTR		515	0	0
Rock-Tenn Company-CL A	COM	772739207	1,379	22,609	SH		SOLE		22,609	0	0
Royal Dutch Shell	COM	780259206	307	4,580	SH		SOLE		4,580	0	0
Royal Dutch Shell	COM	780259206	13	200	SH		OTR		200	0	0
Sandy Spring Bancorp, Inc.	COM	800363103	480	18,400	SH		SOLE		18,400	0	0
Schlumberger Inc.	COM	806857108	277	3,241	SH		SOLE		3,241	0	0
Signature Bank	COM	82669G104	13,468	106,926	SH		SOLE		106,926	0	0
Signature Bank	COM	82669G104	26	210	SH		OTR		210	0	0
Simon Property Group	COM	828806109	271	1,489	SH		SOLE		1,489	0	0
Simon Property Group	COM	828806109	47	260	SH		OTR		260	0	0
Southern Company, Inc.	COM	842587107	2,337	47,583	SH		SOLE		47,583	0	0
Suburban Propane Partners, L.P	COM	864482104	1,036	23,960	SH		SOLE		23,960	0	0
Summit Financial Group, Inc.	COM	86606G101	305	26,000	SH		SOLE		26,000	0	0
Sysco Corporation	COM	871829107	364	9,180	SH		SOLE		9,180	0	0
T J X Cos Inc.	COM	872540109	307	4,480	SH		SOLE		4,480	0	0
T.Rowe Price Group, Inc.	COM	74144T108	14,529	169,212	SH		SOLE		169,212	0	0
T.Rowe Price Group, Inc.	COM	74144T108	60	700	SH		OTR		700	0	0
Target Corp.	COM	87612E106	221	2,910	SH		SOLE		2,910	0	0
TD Ameritrade Holding Corp.	COM	87236Y108	14,177	396,240	SH		SOLE		396,240	0	0
TD Ameritrade Holding Corp.	COM	87236Y108	6	170	SH		OTR		170	0	0
TripAdvisor, Inc.	COM	896945201	8,980	120,285	SH		SOLE		120,285	0	0
TripAdvisor, Inc.	COM	896945201	11	150	SH		OTR		150	0	0
U S Bancorp.	COM	902973304	456	10,139	SH		SOLE		10,139	0	0
Under Armour, Inc.	COM	904311107	22,998	338,697	SH		SOLE		338,697	0	0
Under Armour, Inc.	COM	904311107	5	70	SH		OTR		70	0	0
Union Pacific Corp.	COM	907818108	255	2,138	SH		SOLE		2,138	0	0
United Parcel Service Inc.	COM	911312106	294	2,640	SH		SOLE		2,640	0	0
United Technologies, Inc.	COM	913017109	426	3,703	SH		SOLE		3,703	0	0
United Therapeutics Corp.	COM	91307C102	18,682	144,273	SH		SOLE		144,273	0	0
Unitedhealth Group, Inc.	COM	91324P102	270	2,673	SH		SOLE		2,673	0	0
V.F. Corporation	COM	918204108	22,430	299,460	SH		SOLE		299,460	0	0
V.F. Corporation	COM	918204108	42	560	SH		OTR		560	0	0
Verizon Communications Inc.	COM	92343V104	5,668	121,160	SH		SOLE		121,160	0	0
Verizon Communications Inc.	COM	92343V104	60	1,280	SH		OTR		1,280	0	0
Visa Inc.	COM	92826C839	256	978	SH		SOLE		978	0	0
Wal-Mart Company, Inc.	COM	931142103	1,372	15,981	SH		SOLE		15,981	0	0
Walt Disney Company, Inc.	COM	254687106	625	6,635	SH		SOLE		6,635	0	0
Washington REIT	COM	939653101	974	35,225	SH		SOLE		35,225	0	0
Wells Fargo Inc.	COM	949746101	1,171	21,367	SH		SOLE		21,367	0	0
Whole Foods Market, Inc.	COM	966837106	244	4,830	SH		SOLE		4,830	0	0
Yahoo, Inc.	COM	984332106	278	5,500	SH		SOLE		5,500	0	0
Yum! Brands, Inc.	COM	988498101	13,690	187,917	SH		SOLE		187,917	0	0
Yum! Brands, Inc.	COM	988498101	48	660	SH		OTR		660	0	0
Aegon NV Preferred 6.375%	PREFERRED	007924301	329	12,900	SH		SOLE		12,900	0	0
BG&E Cap Trust II 6.20% Prefer	PREFERRED	05541Q206	1,598	63,170	SH		SOLE		63,170	0	0
BG&E Cap Trust II 6.20% Prefer	PREFERRED	05541Q206	13	500	SH		OTR		500	0	0
Goldman Sachs- Series B Pfd. 6	PREFERRED	38141GCM4	264	10,400	SH		SOLE		10,400	0	0
Goldman Sachs Group, Inc. 6.12	PREFERRED	38145X111	1,463	56,570	SH		SOLE		56,570	0	0
Goldman Sachs Group, Inc. 6.12	PREFERRED	38145X111	13	500	SH		OTR		500	0	0
Hospitality Properties Trust-	PREFERRED	44106M607	230	8,820	SH		SOLE		8,820	0	0
JP Morgan Chase 6.70% due 4/2/	PREFERRED	48125E207	1,153	45,410	SH		SOLE		45,410	0	0
Metlife Inc. 6.5% Pfd Non-cumu	PREFERRED	59156R603	1,426	55,275	SH		SOLE		55,275	0	0
Partnerre Ltd. 6.5% Perpetual	PREFERRED	G68603409	499	19,605	SH		SOLE		19,605	0	0
Partnerre Ltd. 6.5% Perpetual	PREFERRED	G68603409	25	1,000	SH		OTR		1,000	0	0