Old Line Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
For the full year, the company reported total interest income was $45,603,246 against $44,262,838 a year ago. Net interest income was $41,703,523 against $40,060,585 a year ago. Net interest income after provision for loan losses was $38,876,226 against $38,556,395 a year ago. Income before income taxes was $9,786,815 against $11,349,288 a year ago. Net income available to common stockholders was $7,130,300 or $0.65 per diluted share against $7,838,829 or $0.86 per diluted share a year ago. ROAA and ROAE were 0.60% and 5.45%, respectively, compared to ROAA and ROAE of 0.74% and 7.80%, respectively, for the twelve months ended December 31, 2013. The company ended the 2014 with a book value of $12.51 per common share and a tangible book value of $11.38 per common share compared to $11.71 and $10.50, respectively, at December 31, 2013. Net income was $7,092,711 compared to $7,747,205 a year ago.