Old Line Bancshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total interest income was $11,496,331 against $12,579,684 a year ago. Net interest income was $10,577,401 against $11,534,123 a year ago. Net interest income after provision for loan losses was $10,119,287 against $11,019,933 a year ago. Income before income taxes was $2,461,793 against $6,759,628 a year ago. Net income of $1.8 million available to common stockholders compared to $4.4 million for the three months ended December 31, 2013. Earnings were $0.17 per basic and $0.16 per diluted common share compared to $0.41 per basic and diluted common share for the same period in 2013. Return on Average Assets (ROAA) and Return on Average Equity (ROAE) were 0.58% and 5.21%, respectively, compared to ROAA and ROAE of 1.50% and 13.62%, respectively, for the three months ending December 31, 2013.

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.