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Summary - Funding Rounds

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 Income Statement

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

Depreciation and amortization

838.7k866.7k792.4k830.8k2.2m

Interest expense

5.2m5.1m4.2m3.9m4.9m7.5m11.5m21.3m

Pre tax profit

7.2m10.2m11.3m9.8m15.8m20.0m24.1m37.4m

Income tax expense

1.9m2.7m3.6m2.7m5.4m6.8m8.2m10.2m

Net Income

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

Old Line Bancshares Balance Sheet

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

Goodwill

633.8k633.8k7.8m7.8m9.8m9.8m25.1m94.7m

Total Assets

811.0m861.9m1.2b1.2b1.5b1.7b2.1b3.0b

Accounts Payable

1.3b

Short-term debt

38.7m99.3k49.5m61.0m107.6m192.6m228.2m

Long-term debt

6.3m6.2m6.1m6.0m9.6m38.1m38.4m

Total Debt

45.0m6.3m67.0m230.7m266.6m

Total Liabilities

742.5m786.6m1.0b1.1b1.4b1.6b1.9b2.6b

Common Stock

68.2k68.5k107.8k108.1k108.0k125.1k170.3k

Additional Paid-in Capital

53.5m53.8m104.6m105.2m105.3m106.7m148.9m293.5m

Retained Earnings

12.1m18.5m24.9m30.1m38.3m48.8m61.1m82.6m

Total Equity

68.5m75.3m126.5m135.5m144.0m150.7m207.7m370.8m

Financial Leverage

11.8 x11.5 x9.2 x9.1 x10.5 x11.3 x10.1 x8 x

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

Total Assets

759.4m786.0m809.7m846.2m863.9m869.0m1.1b1.2b1.2b1.2b1.2b1.3b1.3b1.3b1.5b1.6b1.7b1.8b1.8b2.1b2.2b2.9b2.9b3.1b3.1b3.1b

Short-term debt

26.2m32.6m40.5m42.0m44.5m31.5m28.8m56.2m38.2m35.8m35.6m71.2m76.7m85.7m118.6m153.8m141.8m191.4m203.8m152.2m161.5m314.7m272.5m282.1m221.7m204.4m

Long-term debt

16.3m16.3m6.3m6.2m6.2m6.2m6.1m6.1m6.1m6.0m6.0m6.0m5.9m5.9m9.6m9.6m37.8m37.9m38.0m38.0m38.2m38.2m38.3m38.4m38.5m38.6m

Total Debt

42.5m48.9m46.8m48.2m50.8m37.7m35.0m62.3m44.3m41.8m41.6m77.2m82.7m91.6m128.1m163.3m179.6m229.3m241.8m190.2m199.7m352.9m310.8m320.6m260.2m242.9m

Total Liabilities

695.6m719.7m739.8m774.5m789.5m793.9m1.0b1.1b1.1b1.1b1.1b1.1b1.2b1.2b1.4b1.4b1.5b1.6b1.6b1.9b2.0b2.6b2.6b2.7b2.7b2.7b

Common Stock

68.1k68.1k68.3k68.3k68.3k68.5k98.2k107.6k107.9k107.9k107.9k107.6k105.7k105.1k108.0k108.2k108.6k109.4k109.6k124.7k125.7k169.9k169.9k170.5k170.0k170.0k

Additional Paid-in Capital

53.4m53.4m53.5m53.6m53.6m53.9m92.1m104.4m104.7m104.8m104.9m104.3m101.5m100.6m105.4m105.6m106.0m107.0m107.3m148.4m149.7m292.8m293.1m293.6m292.7m293.0m

Retained Earnings

8.9m10.4m13.6m15.3m17.1m19.5m19.1m20.9m26.3m27.6m28.8m32.3m34.4m36.9m39.8m42.3m45.2m51.9m55.0m56.2m66.6m67.6m74.2m89.1m96.0m103.1m

Total Equity

63.8m66.3m69.9m71.7m74.4m75.1m107.7m123.1m129.5m132.2m133.5m137.6m136.0m138.3m146.3m149.2m151.9m155.1m161.0m203.3m210.4m354.3m360.2m380.1m389.3m397.4m

Financial Leverage

11.9 x11.9 x11.6 x11.8 x11.6 x11.6 x10.6 x9.6 x9.2 x9 x9 x9.3 x9.7 x9.6 x10.4 x10.7 x10.9 x11.4 x11.1 x10.1 x10.5 x8.3 x8.1 x8.1 x7.9 x7.8 x

Old Line Bancshares Cash Flow

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)

Capital Expenditures

27.2k73.7k13.3k

Cash From Investing Activities

(43.4m)(69.5m)16.3m(64.9m)(135.5m)(232.7m)(63.2m)(105.8m)

Long-term Borrowings

(10.1m)(92.1k)(99.3k)(105.8k)(16.2m)

Dividends Paid

(821.5k)(1.1m)(1.5m)(1.9m)(2.2m)(2.6m)(3.8m)(6.1m)

Cash From Financing Activities

60.8m42.9m(31.5m)51.1m139.8m192.1m50.8m91.2m

Net Change in Cash

29.0m(14.8m)367.5k(3.7m)18.3m(20.2m)11.7m9.3m

Interest Paid

5.3m5.1m6.4m11.3m

Income Taxes Paid

227.3k2.9m415.2k2.7m4.9m10.4m

Free Cash Flow

20.3m24.1m23.9m

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

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)

Capital Expenditures

(20.0k)112.6k112.6k120.1k14.4k13.3k32.6k

Cash From Investing Activities

14.2m(15.7m)(16.2m)(42.0m)(52.8m)(352.0k)64.1m24.4m1.9m(22.2m)(23.0m)(29.9m)(69.0m)(101.5m)(25.8m)(92.7m)(153.8m)(57.3m)(82.3m)(20.0m)(55.6m)(62.2m)(82.4m)(94.6m)(79.7m)(104.1m)

Short-term Borrowings

69.3m(961.5m)(1.3b)

Long-term Borrowings

(43.6k)(64.8k)(23.0k)(45.3k)(68.0k)(25.6k)(49.4k)(73.6k)(21.2k)(49.4k)(75.2k)(28.8k)(56.0k)(83.6k)(31.5k)(34.3k)

Dividends Paid

(344.6k)(548.9k)(273.1k)(546.3k)(819.5k)(274.2k)(667.0k)(1.1m)(431.4k)(862.8k)(1.4m)(540.5k)(1.1m)(1.6m)(648.4k)(1.3m)(1.9m)(875.8k)(1.8m)(2.8m)(1.0m)(2.7m)(4.4m)(2.0m)(4.1m)(6.1m)

Cash From Financing Activities

15.0m38.2m(2.6m)31.5m45.3m6.3m(42.5m)(13.5m)22.0m20.4m29.8m44.4m79.3m92.9m8.0m71.9m125.9m50.3m72.7m12.7m101.2m92.6m83.4m91.2m76.4m86.1m

Net Change in Cash

34.4m30.7m(17.5m)(5.5m)1.1m9.3m25.0m22.3m25.3m1.2m13.8m13.4m16.5m5.2m(8.1m)(10.1m)(13.5m)5.1m3.0m11.0m53.3m31.3m15.1m8.2m14.5m2.5m

Interest Paid

2.6m4.0m1.4m2.7m4.0m1.0m2.4m2.7m4.7m3.0m4.7m8.7m4.0m

Income Taxes Paid

84.2k226.6k1.4m2.0m2.7m1.4m612.1k885.0k1.4m2.7m5.0m2.7m7.6m3.5m5.8m

Free Cash Flow

13.9m12.0m12.5m18.1m908.1k14.2m17.8m

Old Line Bancshares Ratios

USDQ2, 2011

Financial Leverage

11.9 x

Old Line Bancshares Operating Metrics

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

Bank Branches

192321

Non-accrual Loans

$5.97 m$3.76 m$3.47 m$1.84 m$5.98 m$8.18 m$8.45 m$7.7 m$6.73 m$1.42 m$2.32 m

Non-accrual Loans, units

171518837404137361013

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

Old Line Bancshares Employee Rating

3.110 votes
Culture & Values
3.3
Work/Life Balance
3.4
Senior Management
3.2
Salary & Benefits
2.7
Career Opportunities
3.2
Source