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.

Employee Rating

3.1More
TypePublic
HQBowie, US
Founded1989
Size (employees)259 (est)+18%
Websiteoldlinebank.com
Old Line Bancshares was founded in 1989 and is headquartered in Bowie, US
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Key People/Management at Old Line Bancshares

James W. Cornelsen

James W. Cornelsen

President & Chief Executive Officer
Elise M. Hubbard

Elise M. Hubbard

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, US (HQ)
1525 Pointer Ridge Pl
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Old Line Bancshares Financials and Metrics

Old Line Bancshares Revenue

Old Line Bancshares's revenue was reported to be $81.41 m in FY, 2017
USD

Revenue (Q3, 2018)

33.6m

Gross profit (Q3, 2018)

27.7m

Gross profit margin (Q3, 2018), %

82.5%

EBIT (Q3, 2018)

24.6m

Market capitalization (17-Jan-2019)

480.8m

Closing stock price (17-Jan-2019)

28.3

Cash (30-Sep-2018)

50.3m
Old Line Bancshares's current market capitalization is $480.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

44.3m45.6m58.3m68.7m81.4m

Revenue growth, %

3%13%34%

Cost of goods sold

4.9m7.5m11.5m

Gross profit

53.4m61.2m69.9m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

13.9m14.9m16.1m17.2m17.5m18.5m19.0m21.6m23.1m31.4m33.6m

Cost of goods sold

1.2m1.3m1.5m1.6m2.0m2.5m2.8m3.0m3.6m4.9m5.9m

Gross profit

12.7m13.6m14.6m15.5m15.5m16.0m16.2m18.6m19.5m26.5m27.7m

Gross profit Margin, %

91%92%90%90%89%87%85%86%84%84%83%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

29.1m25.4m43.7m23.5m35.2m

Accounts Receivable

3.4m3.2m3.8m4.3m

Inventories

PP&E

35.2m34.3m36.2m36.7m41.2m
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

7.7m7.1m10.5m13.2m16.0m

Depreciation and Amortization

1.9m2.3m2.3m2.6m2.5m

Inventories

Accounts Payable

1.2k128.4k852.7k155.4k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

3.4m1.8m3.6m5.3m2.7m5.3m8.5m2.1m5.3m8.8m4.0m7.9m10.1m6.1m8.8m17.1m

Depreciation and Amortization

1.3m591.5k1.1m1.7m572.0k1.1m1.7m654.9k1.3m2.0m589.0k1.2m1.9m725.2k1.5m2.3m

Accounts Payable

(308.0k)(22.8k)(34.9k)(23.1k)18.4k56.9k91.7k32.0k31.7k295.4k(487.1k)71.2k(448.7k)(366.1k)355.7k171.7k

Cash From Operating Activities

11.4m1.4m3.0m6.9m(1.1m)6.2m13.9m9.7m12.6m18.3m7.7m922.4k14.2m
USDY, 2018

Financial Leverage

8.1 x
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Old Line Bancshares Operating Metrics

Old Line Bancshares's Total Loans was reported to be $1.4b in Q2, 2017.
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 Online and Social Media Presence

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Old Line Bancshares Blogs

Old Line Bank Cybersecurity Expert featured in Baltimore Business Journal

Erin Lyddane, operational risk manager with Old Line Bank, was featured in the December 28, 2018 issue of Baltimore Business... The post Old Line Bank Cybersecurity Expert featured in Baltimore Business Journal appeared first on Old Line Bank.

Old Line Bank Welcomes Veteran Loan Officer Dan Murtaugh

Old Line Bancshares (NASDAQ: OLBK), the parent company of Old Line Bank, announces that Dan Murtaugh has joined the bank’s... The post Old Line Bank Welcomes Veteran Loan Officer Dan Murtaugh appeared first on Old Line Bank.

Old Line Bank 3rd Quarter Earnings Release

Old Line Bancshares, Inc. reports $8.3 Million in net income available to common stockholders for the quarter ended September 30,... The post Old Line Bank 3rd Quarter Earnings Release appeared first on Old Line Bank.

Old Line Bank Now Offers SecurLOCK™ Equip for Added Card Security

Bowie, Md. – August 29, 2018 Old Line Bank now offers the SecurLOCK™ Equip mobile app to consumers who desire... The post Old Line Bank Now Offers SecurLOCK™ Equip for Added Card Security appeared first on Old Line Bank.

Old Line Bank Fortifies Leadership Team with Three Senior Level Appointments

Bowie, Md. – August 22, 2018 Old Line Bank, Maryland’s third largest independent commercial bank, today announced the strengthening of... The post Old Line Bank Fortifies Leadership Team with Three Senior Level Appointments appeared first on Old Line Bank.

Old Line Bancshares Company Life and Culture

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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. Hubbard and Mark A. Semanie.

  • How many employees does Old Line Bancshares have?

    Old Line Bancshares has 259 employees.

  • What is Old Line Bancshares revenue?

    Latest Old Line Bancshares annual revenue is $81.4 m.

  • What is Old Line Bancshares revenue per employee?

    Latest Old Line Bancshares revenue per employee is $314.3 k.

  • Who are Old Line Bancshares competitors?

    Competitors of Old Line Bancshares include Camden National, Pinnacle Financial Partners and Westamerica.

  • 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.