Old Line Bancshares Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. The company reported that net income available to common stockholders increased $2.1 million to $7.5 million for the twelve months ended December 31, 2012, compared with $5.4 million for the twelve months ended December 31, 2011. Earnings were $1.10 and $1.09 per basic and diluted common share, respectively, for the twelve months ended December 31, 2012 and $0.86 per basic and diluted common share for the same period in 2011. The 39.97% increase in net income available to common stockholders was primarily the result of a $6.1 million increase in net interest income. Total interest revenue was $38,222,123 against $32,320,513 a year ago period. Net interest income was $33,164,498 against $27,101,342 a year ago period. Net interest income after provision for loan losses was $31,639,498 against $25,301,342 a year ago period. Income before income taxes was $10,185,785 against $7,158,276 a year ago period. For the twelve months ended December 31, 2012, the ROAA and ROAE were 0.90% and 11.17%, respectively.

For the three month period ended December 31, 2012, net income available to common stockholders was $1.7 million or $0.25 per basic and diluted common share. This was $249,988 or 12.71% lower than the same period in 2011. During the three month period ended December 31, 2012, net interest income increased $703,592 or 9.14% primarily as a result of an approximately $60.0 million increase in average gross loans outstanding. Total interest revenue was $9,555,566 against $9,061,575 a year ago period. Net interest income was $8,401,922 against $7,698,330 a year ago period. Net interest income after provision for loan losses was $8,001,922 against $6,898,330 a year ago period. Income before income taxes was $1,690,608 against $2,143,034 a year ago period. The fourth quarter return on average assets (ROAA) and return on average equity (ROAE) were 0.79% and 9.76%, respectively.