OLD LINE BANCSHARES INC OLBK Income Statement

Old line bancshares inc (OLBK)

Income statement / Quarterly

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest Income
Loans, including fees
29,125	29,125	28,850	29,284	29,056	26,448	19,700	18,979	18,022	15,765	15,365	15,219	14,191	13,562	13,057	12,607	12,202	11,516	11,621	10,556	10,232	10,599	10,333	11,519	11,527	9,327	7,831	8,521	8,702	8,632	7,952	7,922	8,573	7,741	4,195	4,260	4,045
U.S. Treasury securities
16	16	16	16	16	16	10	6	6	6	5	5	5	4	3	2	2	2	2	2	2	15	0	0	0	0	1	2	2	2	2	-	2	2	-	-	-
U.S. government agency securities
527	753	295	89	89	91	81	78	78	67	48	31	23	85	125	127	127	132	133	133	137	145	150	158	161	135	82	87	81	91	101	101	111	93	26	42	36
Corporate bonds
258	259	258	258	200	221	200	200	189	121	117	88	42	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign bonds
41	31	21	-	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage backed securities
593	668	672	634	563	551	575	555	548	554	554	490	562	494	513	466	312	350	373	412	347	360	377	389	358	329	388	444	540	592	666	710	782	762	379	373	398
Municipal securities
488	492	495	497	498	499	500	470	455	410	435	437	418	371	359	323	295	305	314	320	327	396	434	437	442	447	469	447	414	397	332	281	221	223	19	19	20
Federal funds sold
2	3	5	7	3	2	0	0	3	0	0	1	0	0	0	0	0	0	0	1	1	1	0	0	0	1	0	1	1	1	1	0	0	2	1	2	1
Other
293	354	294	261	303	336	255	139	186	127	107	80	95	94	97	56	66	43	61	69	67	98	72	74	67	64	42	50	57	46	45	42	45	49	24	60	71
Total interest income
31,346	31,702	30,910	31,027	30,753	28,168	21,324	20,431	19,491	17,053	16,635	16,353	15,338	14,613	14,158	13,585	13,007	12,352	12,507	11,496	11,118	11,617	11,371	12,579	12,558	10,307	8,817	9,555	9,800	9,763	9,102	9,061	9,737	8,873	4,647	4,759	4,573
Interest expense
Deposits
6,119	6,103	5,616	5,067	4,098	3,146	2,306	2,146	1,926	1,706	1,541	1,507	1,421	1,309	1,270	1,196	1,118	1,021	910	799	850	856	894	923	970	964	857	-	1,057	1,087	-	-	-	-	-	-	-
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,127	-	1,175	1,191	875	985	999
Borrowed funds
1,678	2,130	1,982	1,891	1,768	1,714	1,334	1,057	1,092	1,094	932	834	577	328	275	181	141	159	134	119	111	148	118	122	111	139	112	190	206	213	212	217	216	211	184	248	281
Total interest expense
7,797	8,234	7,599	6,959	5,867	4,860	3,641	3,204	3,019	2,801	2,473	2,341	1,999	1,637	1,546	1,378	1,259	1,181	1,045	918	962	1,005	1,012	1,045	1,082	1,104	969	1,153	1,263	1,300	1,339	1,363	1,392	1,402	1,060	1,234	1,280
Net interest income
23,548	23,468	23,311	24,068	24,886	23,308	17,682	17,227	16,472	14,252	14,161	14,012	13,338	12,975	12,612	12,207	11,748	11,171	11,461	10,577	10,155	10,611	10,359	11,534	11,475	9,203	7,847	8,401	8,536	8,463	7,762	7,698	8,344	7,471	3,587	3,524	3,293
Provision for loan losses
456	72	414	613	307	532	394	100	135	278	440	200	305	300	778	400	263	85	561	458	555	1,544	269	514	590	200	200	400	375	375	375	800	800	50	150	200	170
Net interest income after provision for loan losses
23,092	23,395	22,896	23,454	24,578	22,775	17,287	17,127	16,336	13,973	13,720	13,812	13,033	12,675	11,833	11,807	11,484	11,085	10,900	10,119	9,600	9,067	10,089	11,019	10,885	9,003	7,647	8,001	8,161	8,088	7,387	6,898	7,544	7,421	3,437	3,324	3,123
Non-interest income
Account service charges
709	712	627	-	728	722	576	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Point of sale sponsorship program
688	636	600	-	711	673	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales or calls of investment securities
544	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales or calls of investment securities
-	-	-	-	-	-	-	-	0	19	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	445	433	411	430	442	441	415	475	483	493	451	472	466	367	300	318	315	328	319	349	380	396	82	78	78
Gains on sales or calls of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	326	823	76	0	0	3	60	-	-	129	-	0	0	9	631	307	289	282	277	27	72	2	38	-	-
Gain on the sale of stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	96	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other than temporary impairment on equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-122	-	-	-
Earnings on bank owned life insurance
528	524	494	531	520	461	292	306	297	282	281	282	284	282	282	260	250	249	248	249	248	246	243	252	253	200	133	136	137	138	136	143	356	122	79	83	83
Gain (loss) on disposal of assets
-	32	-	0	-1	0	14	-46	7	0	112	-0	-49	22	0	-5	0	0	19	-48	-96	17	96	0	0	-19	-85	-	-	-	-	-	-	-	-	-	-
Loss on write down of stock
-	-	-	-	-91	-60	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of loans
-	-	-	-	-	-	-	-	0	94	-	-	0	0	377	-1,296	457	484	354	200	129	335	106	-	236	146	-	-	-	-	-	-	-	-	-	-	-
Rental income
214	214	216	-	204	199	198	-	188	169	140	-	168	208	209	-	202	209	210	-	198	195	200	-	192	180	-	-	-	-	-	-	-	-	-	-	-
Income on marketable loans
990	841	496	479	411	511	418	479	482	726	630	-	782	587	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	0	-
Other fees and commissions
-	-	-	-	-	-	-	-	-	-	-	-	179	206	626	878	490	115	522	1,193	201	408	292	1,211	268	267	247	175	146	215	177	44	152	118	122	141	108
Total non-interest income
4,057	3,257	2,762	4,192	2,805	3,188	1,795	1,798	2,151	1,995	1,854	1,570	2,137	2,563	1,983	1,665	1,843	1,504	1,831	1,475	1,262	1,826	1,392	5,071	1,418	1,153	1,227	976	888	964	878	635	1,015	517	324	303	271
Non-interest expense
Salaries and benefits
7,717	7,600	7,133	6,743	7,491	7,201	5,485	5,267	5,365	5,050	4,867	4,762	4,812	5,079	5,376	4,280	4,407	4,331	4,217	4,387	4,559	4,010	4,873	4,574	4,684	4,126	3,232	-	3,016	3,024	-	-	-	-	-	-	-
Severence expense
-	-	-	-	-	-	-	-	-	-	-	-	49	393	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Salaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,133	1,263	1,130
Employee benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	366	319	317
Occupancy and equipment
2,337	2,396	2,452	2,339	2,349	2,242	1,980	1,936	1,828	1,655	1,653	1,509	1,907	1,647	1,724	1,558	1,478	1,338	1,399	1,877	1,367	1,436	1,586	1,691	1,377	1,214	1,068	-	933	914	-	-	-	-	366	330	319
Salaries and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,808	-	3,030	2,973	-	-	-
Occupancy and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	907	-	916	857	-	-	-
Equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93	105	99
Data processing
782	760	727	699	659	702	609	510	443	361	356	384	384	383	397	361	350	367	352	352	368	312	307	393	459	329	239	238	214	192	224	221	232	233	129	126	105
FDIC insurance and State of Maryland assessments
62	261	247	264	278	320	188	201	281	256	261	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger and integration
-	-	-	-	2,282	7,121	-	-	3,985	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC insurance and State of Maryland assessments
-	-	-	-	-	-	-	-	-	-	-	-	286	285	235	-	241	251	248	230	229	233	218	217	217	186	155	-	157	148	-	-	-	-	-	-	-
FDIC insurance and State of Maryland assessments
-	-	-	-	-	-	-	-	-	-	-	-	286	285	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148	-	-	-	-	-	-	-
FDIC insurance and State of Maryland assessments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129	-	143	167	151	130	115
Merger and integration
-	-	-	-	-	-	-	-	-	-	-	-	0	301	359	-	-	-	-	0	0	0	29	349	143	2,786	240	363	49	29	29	29	77	377	90	187	-
Core deposit premium amortization
654	649	657	662	663	540	312	317	272	181	197	201	202	200	226	1,002	193	-193	-210	1,520	-212	-212	-228	-628	-231	198	-177	-	-177	-177	-	-	-	-	-	-	-
Loss on sales of other real estate owned
-	-	-	27	-26	-41	-12	0	-4	0	17	-2	27	48	4	-	114	-	-	155	260	79	203	357	-11	-0	-200	0	-48	191	-31	-	45	-	2	-	0
OREO expense (income)
59	41	25	77	-99	27	184	-	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OREO expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	199	159	112	83	210	159	154	314	-	38	428	-	-	-	-	-	-	-
Directors Fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124	117	120	119	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain)/loss on sales of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	134	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OREO expense
-	-	-	-	-	-	-	-	-	27	27	-	77	63	154	75	158	75	120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Directors fees
166	168	180	171	172	196	170	173	148	159	177	169	164	162	168	160	160	160	170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Network services
119	116	114	114	127	95	79	82	133	164	139	139	127	146	136	160	162	195	181	179	189	174	199	-	185	-	-	-	-	-	-	-	-	-	-	-	-
Telephone
-	-	-	-	-	-	-	-	-	-	-	-	174	201	218	170	163	160	164	159	172	167	167	-	171	-	-	-	-	-	-	-	-	-	-	-	-
Network services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112	-	-	-	-	-	-	-	-	-	-	-
Telephone
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	-	-	-	-	-	-	-	-	-	-	-
Core deposit premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	194	-	194	194	-	-	-
Other operating
2,715	2,501	2,462	2,663	2,441	2,333	1,764	1,983	1,757	1,886	1,674	1,518	1,639	1,735	1,629	1,554	1,403	1,708	1,491	1,563	1,368	1,749	1,366	1,075	1,488	1,304	1,451	-	1,494	-	1,391	1,285	1,557	1,361	595	605	522
Other operating
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,333	-	-	-	-	-	-	-
Total non-interest expense
14,834	14,731	14,248	13,959	16,662	21,077	10,991	10,741	14,640	9,929	9,532	8,668	9,797	10,552	10,624	10,183	8,607	8,792	8,691	9,133	8,486	8,450	8,976	9,331	9,130	10,535	7,079	7,287	6,130	6,057	5,686	5,390	6,153	6,165	2,927	3,068	2,609
Income before income taxes
12,316	11,921	11,410	13,687	10,721	4,886	8,090	8,185	3,847	6,039	6,043	6,714	5,373	4,686	3,192	3,288	4,720	3,796	4,040	2,461	2,376	2,443	2,505	6,759	3,173	-379	1,795	1,690	2,920	2,995	2,580	2,143	2,407	1,773	834	559	784
Income tax expense
3,131	3,009	2,906	3,526	2,456	2,160	2,025	2,328	1,684	2,070	2,069	2,384	1,830	1,554	1,043	1,286	1,605	1,195	1,295	679	636	687	690	2,393	970	-283	521	-18	912	982	844	197	737	656	335	265	270
Net income
-	-	-	-	-	-	-	-	-	-	-	4,330	3,542	3,132	2,149	2,002	3,114	2,601	2,745	1,782	1,740	1,755	1,814	4,366	2,203	-95	1,273	1,709	2,007	2,012	1,736	1,945	1,669	1,116	499	294	514
Less: Net gain attributable to the non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	0	0	1	-1	0	2	0	-8	1	-4	-13	-21	-61	-5	-11	-13	-7	-20	-17	-19	-21	-37	-66	-22	-17	-15
Net income
9,184	8,912	8,504	10,161	8,264	2,725	6,065	5,857	2,163	3,969	3,973	4,330	3,542	3,130	2,151	2,001	3,111	2,600	2,754	1,780	1,744	1,769	1,835	4,428	2,208	-84	1,286	1,716	2,028	2,029	1,755	1,966	1,707	1,182	522	312	530
Basic earnings per common share (in dollars per share)
0.54	0.52	0.50	0.59	0.49	0.17	0.48	0.48	0.18	0.36	0.36	0.39	0.33	0.29	0.20	0.18	0.30	0.25	0.25	0.17	0.16	0.16	0.17	0.47	0.22	-0.01	0.19	0.24	0.30	0.30	0.26	0.32	0.25	0.17	0.12	0.08	0.14
Diluted earnings per common share (in dollars per share)
0.54	0.52	0.50	0.58	0.48	0.17	0.48	0.45	0.18	0.36	0.36	0.40	0.32	0.28	0.20	0.19	0.29	0.24	0.25	0.16	0.16	0.16	0.17	0.46	0.22	-0.01	0.19	-	0.29	-	-	-	-	-	-	0.08	0.14
Dividend per common share (in dollars per share)
-	-	-	-	-	-	-	0.08	0.08	0.08	0.08	0.06	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	-	-	-	-	-	-	-	-	-	-
Diluted earnings (loss) per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-
Dividend per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.04	0.04	-	0.03	0.03	0.03	0.03	0.03
Financial Service, Other [Member]
Income
382	279	327	1,840	320	680	294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Public Utilities [Member]
Telephone
221	234	247	251	269	252	204	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-