Old Line Bancshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, total interest income was $13,623,750 against $11,496,331 a year ago. Net interest income was $12,245,493 against $10,577,401 a year ago. Net interest income after provision for loan losses was $11,845,493 against $10,119,287 a year ago. Income before income taxes was $3,288,947 against $2,461,793 a year ago. Net income of available to common stockholders compared to $2,001,553 compared to $1,780,661 a year ago. Basic and diluted earnings per diluted share were $0.19 compared to $0.16 per share a year ago. Return on average assets (ROAA) and return on average equity (ROAE) were 0.56% and 5.57%, respectively, compared to ROAA and ROAE of 0.58% and 5.21%, respectively, for the three months ending December 31, 2014. Adjusted return on average assets was 0.90%.

For the full year, the company reported total interest income was $47,948,411 against $45,603,246 a year ago. Net interest income was $46,588,496 against $41,703,523 a year ago. Net interest income after provision for loan losses was $45,277,512 against $38,876,226 a year ago. Income before income taxes was $15,846,824 against $9,786,815 a year ago. Net income available to common stockholders was $10,468,586 or $0.97 per diluted share against $7,130,300 or $0.65 per diluted share a year ago. For the twelve months ended December 31, 2015, ROAA and ROAE were 0.79% and 7.54%, respectively, compared to ROAA and ROAE of 0.60% and 5.45%, respectively, for the twelve months ended December 31, 2014. The company ended the 2015 with a book value of $13.16 per common share and a tangible book value of $11.85 per common share compared to $12.51 and $11.38, respectively, at December 31, 2014.

Net charge offs on acquired loans were $39,000. Net charge offs on legacy loans were $18,000 compared to $4,000 a year ago.