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Old Line Bancshares

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Old Line Bancshares operates as the bank holding company for Old Line Bank that provides banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. It accepts a range of deposit products and offers commercial and industrial loans of different types. The Company also provides safe deposit boxes, wire transfer services, automated teller machine services, and Internet and mobile banking services. In addition, it offers debit, prepaid, and credit cards, commercial account services and investment services consisting of investment management, estate and succession planning, and brokerage services.

Revenue(FY, 2018)
$12 M

Employee Rating

3.4More
TypeSubsidiary
Parent CompanyWesBanco
HQBowie, MD, US
Founded1989
Websiteoldlinebank.com
Cybersecurity ratingAMore
Old Line Bancshares was founded in 1989 and is headquartered in Bowie, MD, US

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Key People/Management at Old Line Bancshares

James W. Cornelsen

James W. Cornelsen

President & Chief Executive Officer
Elise M. Adams

Elise M. Adams

Executive Vice President and Chief Financial Officer
Mark A. Semanie

Mark A. Semanie

Executive Vice President and Chief Operating Officer
Jack G. Welborn

Jack G. Welborn

Executive Vice President and Chief Lending Officer
Craig E. Clark

Craig E. Clark

Chairman
Gregory S. Proctor

Gregory S. Proctor

Vice Chairman
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Old Line Bancshares Office Locations

Old Line Bancshares has an office in Bowie
Bowie, MD, US (HQ)
1525 Pointer Ridge Pl
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Old Line Bancshares Financials and Metrics

Summary Metrics

Founding Date

1989

Total Funding

$12 m
In total, Old Line Bancshares had raised $12 m. Old Line Bancshares is a subsidiary of WesBanco

Old Line Bancshares Revenue

Old Line Bancshares's revenue was reported to be $11.98 m in FY, 2018
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.7m3.8m8.9m6.0m6.8m8.3m7.8m12.0m

Revenue growth, %

3%13%34%

R&D expense

816.8k870.0k1.4m1.3m1.4m1.5m1.7m2.7m

Operating expense total

6.0m7.0m8.3m7.9m7.6m8.1m9.0m11.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

517.3k1.0m878.8k1.2m840.1k1.0m1.2m1.6m1.4m1.9m1.3m1.8m1.5m1.8m2.0m2.6m2.1m1.9m2.0m2.2m1.8m3.2m2.8m2.8m3.3m4.1m

R&D expense

233.3k232.5k224.7k192.2k214.2k239.1k329.9k460.0k307.2k312.0k368.7k352.1k367.2k350.9k397.8k383.7k384.4k356.6k361.5k443.5k609.6k702.2k659.9k727.2k760.7k782.6k

Operating expense total

1.6m1.8m1.6m2.0m1.7m2.0m329.9k2.3m2.2m2.2m1.9m1.8m2.1m1.8m2.0m2.1m2.0m2.0m2.2m2.2m2.4m3.0m3.1m3.2m3.3m3.5m

Depreciation and amortization

228.6k210.1k226.2k197.9k312.3k657.8k
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

43.6m28.9m29.1m25.4m43.7m23.5m35.2m44.5m

Accounts Receivable

539.3m595.1m847.2m926.6m1.1b4.3m1.7b2.4b

Inventories

PP&E

23.2m25.1m35.2m34.3m36.2m36.7m41.2m42.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

49.0m45.3m26.1m38.2m44.7m38.0m53.7m51.0m54.4m30.2m42.8m38.8m41.9m30.6m35.6m33.6m30.2m28.5m26.5m34.5m88.5m66.5m50.3m52.7m59.0m47.0m

Accounts Receivable

500.4m515.7m552.8m573.1m573.1m611.9m787.2m805.9m849.4m889.5m883.9m963.7m1.0b1.0b1.2b1.2b1.3b1.4b1.4b1.7b1.8b2.3b2.4b2.4b2.4b2.5b

PP&E

22.2m22.7m23.7m23.8m23.9m24.9m35.3m35.5m34.7m34.6m34.4m33.9m33.8m33.9m36.0m36.6m36.2m36.9m37.0m42.1m41.0m43.7m43.1m42.6m42.3m42.1m

Goodwill

116.7k141.7k633.8k633.8k633.8k633.8k6.8m7.8m7.8m7.8m7.8m7.8m7.8m7.8m9.8m9.8m9.8m9.8m9.8m25.1m25.1m94.4m94.4m94.7m94.7m94.7m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

5.4m7.5m7.7m7.1m10.5m13.2m16.0m27.2m

Depreciation and Amortization

1.1m1.4m2.7m3.1m3.1m3.4m3.4m5.3m

Cash From Operating Activities

11.6m11.8m15.6m10.2m14.0m20.4m24.2m23.9m

Purchases of PP&E

(3.0m)(3.2m)(1.6m)(1.3m)(2.4m)(3.2m)(2.7m)(1.5m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

1.6m3.3m1.7m3.7m5.8m1.3m1.2m3.4m1.8m3.6m5.3m2.7m5.3m8.5m2.1m5.3m8.8m4.0m7.9m10.1m6.1m8.8m17.1m8.5m17.4m26.6m

Depreciation and Amortization

477.2k771.4k337.4k590.7k897.2k398.3k874.1k1.9m820.1k1.5m2.3m782.1k1.5m2.3m881.1k1.7m2.6m786.9k1.6m2.6m1.0m2.4m3.9m1.5m2.9m4.3m

Cash From Operating Activities

5.2m8.2m1.3m5.0m8.6m3.3m3.5m11.4m1.4m3.0m6.9m(1.1m)6.2m13.9m9.7m10.7m14.4m12.1m12.6m18.3m7.7m922.4k14.2m11.6m17.8m20.6m

Purchases of PP&E

(1.3m)(2.2m)(773.7k)(1.1m)(1.6m)(263.8k)(780.5k)(1.4m)59.7k(345.8k)(693.8k)(145.8k)(602.1k)(1.3m)(475.1k)(1.7m)(1.9m)(1.8m)(2.5m)(3.1m)(529.0k)(951.1k)(1.1m)(729.8k)(1.3m)(1.8m)
show all
USDQ2, 2011

Financial Leverage

11.9 x
Show all financial metrics

Old Line Bancshares Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

19 23 21

Non-accrual Loans

$5.97 m$3.76 m$3.47 m$1.84 m$5.98 m$8.18 m$8.45 m$7.70 m$6.73 m$1.42 m$2.32 m

Non-accrual Loans, units

17 15 18 8 37 40 41 37 36 10 13

Total Loans

$926.57 m$963.71 m$1.01 b$1.04 b$1.15 b$1.18 b$1.24 b$1.29 b$1.36 b$1.42 b$1.45 b
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Old Line Bancshares Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

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Old Line Bancshares Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Old Line Bancshares Online and Social Media Presence

Old Line Bancshares's Trends

Embed Graph

Old Line Bancshares Company Culture

  • Overall Culture

    D

    57/100

  • CEO Rating

    A+

    87/100

  • Compensation

    F

    40/100

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Old Line Bancshares News and Updates

July 24, 2019

SHAREHOLDER ALERT: WeissLaw LLP Investigates Old Line Bancshares, Inc.

NEW YORK, July 24, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Old Line Bancshares, Inc. ("OLBK" or the "Company") (NASDAQ: OLBK) in connection with the proposed acquisition of the Company...
July 23, 2019

Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Old Line Bancshares, Inc. has obtained a Fair Price in its sale to WesBanco, Inc.

MILWAUKEE, July 23, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Old Line (Nasdaq: OLBK) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Old Line to WesBanco. Click here to learn how to join the action:...
July 23, 2019

Old Line Bancshares, Inc. Reports Net Income of $8.9 Million for the Quarter Ended June 30, 2019

BOWIE, Md., July 23, 2019 (GLOBE NEWSWIRE) -- Old Line Bancshares, Inc. (“Old Line Bancshares” or the “Company”) (Nasdaq: OLBK), the parent company of Old Line Bank (the “Bank”), reports net income increased $6.2 million, or 226.95%, to $8.9 million for the three months ended June 30, 2019, compar…
March 04, 2019

Old Line Bancshares, Inc. Increases Quarterly Cash Dividend Twenty Percent

BOWIE, Md., March 04, 2019 (GLOBE NEWSWIRE) -- On February 27, 2019 the Board of Directors of Old Line Bancshares, Inc. (Nasdaq: OLBK), the parent company of Old Line Bank (the “Bank”), declared a first quarter dividend of $0.12, a $0.02 or 20.0% increase over the fourth quarter of $0.10 per share…
January 23, 2019

Old Line Bancshares, Inc. Reports Record Net Income of $10.2 Million, a 73% Increase, for the Quarter Ended December 31, 2018

BOWIE, Md., Jan. 23, 2019 (GLOBE NEWSWIRE) -- Old Line Bancshares, Inc. (“Old Line Bancshares” or the “Company”) (Nasdaq: OLBK), the parent company of Old Line Bank (the “Bank”), reports net income increased $4.3 million, or 73.49%, to $10.2 million for the three months ended December 31, 2018, co…

Old Line Bancshares Blogs

June 18, 2020

Diversity & Inclusion Statement from Todd Clossin

The post Diversity & Inclusion Statement from Todd Clossin appeared first on WesBanco.
January 13, 2020

Welcome to WesBanco!

What you need to know On February 22, 2020 Old Line Bancshares, Inc. will fully integrate their services under the... The post Welcome to WesBanco! appeared first on Old Line Bank.
November 25, 2019

WesBanco, Inc. Completes Merger with Old Line Bancshares, Inc. and Appoints Directors

WesBanco, Inc. (“WesBanco”) (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced the successful closing of the previously announced acquisition of... The post WesBanco, Inc. Completes Merger with Old Line Bancshares, Inc. and Appoints Directors appeared first on Old Line Bank.
November 25, 2019

Old Line Bank Presents Academic Scholarships At CSM Foundation Reception

The College of Southern Maryland Foundation hosted their 2019 Scholarship Luncheon on Friday, November 22, 2019. This event awarded ten... The post Old Line Bank Presents Academic Scholarships At CSM Foundation Reception appeared first on Old Line Bank.
July 22, 2019

Old Line Bank Celebrates Outstanding Student Historians at Maryland History Day

Old Line Bank was proud to support the 2019 Maryland History Day competition held on May 12 at University of... The post Old Line Bank Celebrates Outstanding Student Historians at Maryland History Day appeared first on Old Line Bank.
July 15, 2019

Old Line Bank Hosts Family Fun Event During Celebrate Damascus Festival

For 24 years, the Celebrate Damascus festival has delighted residents from surrounding communities. This year, Old Line Bank is proud... The post Old Line Bank Hosts Family Fun Event During Celebrate Damascus Festival appeared first on Old Line Bank.
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 Old Line Bancshares Frequently Asked Questions

  • When was Old Line Bancshares founded?

    Old Line Bancshares was founded in 1989.

  • Who are Old Line Bancshares key executives?

    Old Line Bancshares's key executives are James W. Cornelsen, Elise M. Adams and Mark A. Semanie.

  • How many employees does Old Line Bancshares have?

    Old Line Bancshares has 348 employees.

  • What is Old Line Bancshares revenue?

    Latest Old Line Bancshares annual revenue is $12 m.

  • What is Old Line Bancshares revenue per employee?

    Latest Old Line Bancshares revenue per employee is $34.4 k.

  • Who are Old Line Bancshares competitors?

    Competitors of Old Line Bancshares include Camden National, CenterState Bank Corp and SVB Financial Group.

  • Where is Old Line Bancshares headquarters?

    Old Line Bancshares headquarters is located at 1525 Pointer Ridge Pl, Bowie.

  • Where are Old Line Bancshares offices?

    Old Line Bancshares has an office in Bowie.

  • How many offices does Old Line Bancshares have?

    Old Line Bancshares has 1 office.