Old Line Bancshares, Inc. operates as the holding company of Old Line Bank that engages in general commercial banking business. The company markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and high net worth clients. Its primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Anne Arundel, Calvert, Charles, Montgomery, Prince George's and St. Mary's. The company also targets customers throughout the greater Washington, D.C. metropolitan area. Lending Activities The company’s primary market focus is on making loans to small and medium size businesses, entrepreneurs, professionals, consumers and high net worth clients in its primary market area. Its lending activities consist generally of short to medium term commercial business loans, commercial real estate loans, real estate construction loans, home equity loans and consumer installment loans, both secured and unsecured. Commercial Business Lending: The company’s commercial business lending consists of lines of credit, revolving credit facilities, accounts receivable financing, term loans, equipment loans, Small Business Administration (SBA) loans, standby letters of credit and unsecured loans. It originates commercial loans for any business purpose, including the financing of leasehold improvements and equipment, the carrying of accounts receivable, general working capital and acquisition activities. The company secures commercial business loans with accounts receivable, equipment, deeds of trust and other collateral such as marketable securities, cash value of life insurance, and time deposits at Old Line Bank. Commercial Real Estate Lending: The company finances commercial real estate for its clients, usually for owner occupied properties. It originates commercial real estate loans on a fixed rate or adjustable rate basis. Real Estate Construction Lending: This segment of its loan portfolio consists of funds advanced for construction of single family residences, multifamily housing and commercial buildings. These loans have short durations, meaning maturities typically of nine months or less. Residential Real Estate Lending: The company offers various consumer oriented residential real estate loans. The bulk of its portfolio is made up of home equity loans to individuals with a loan to value not exceeding 85%. The company also offers fixed rate home improvement loans. Its home equity and home improvement loan portfolio gives the company a diverse client base. Consumer Installment Lending The company offers various types of secured and unsecured consumer loans. It makes consumer loans for personal, family or household purposes as a convenience to customer base. Investments The company invests in fixed rate or floating rate instruments as necessary to reduce its interest rate risk exposure. Its portfolio consists primarily of time deposits in other banks, investment grade securities including U.S. Treasury securities, U.S. government agency securities, U.S. government sponsored entity securities, securities issued by states, counties and municipalities, mortgage backed securities, and certain equity securities, including Federal Reserve Bank stock, Federal Home Loan Bank stock, Maryland Financial Bank stock and Atlantic Central Bankers Bank stock. Other Banking Products The company offers its customers safe deposit boxes, wire transfer services, debit cards, prepaid cards, automated teller machines at all of its branch locations, investment services and credit cards through a third party processor. Additionally, the company provides Internet banking capabilities to its customers. The company’s commercial account services include direct deposit of payroll for its commercial clients’ employees, an overnight sweep service, lockbox services, and remote deposit capture service. The company also provides its customers investment services including investment management, estate and succession planning and brokerage services. Deposit Activities The company offers an array of deposit products that include demand, NOW, money market and savings accounts, as well as certificates of deposit. The company’s primary source of brokered deposits is the Promontory Interfinancial Network (Promontory). Through this deposit matching network and its certificate of deposit account and money market registry services, the company has the ability to offer its customers access to Federal Deposit Insurance Corporation (FDIC) insured deposit products in aggregate amounts exceeding insurance limits. Regulations Old Line Bancshares, Inc. and Old Line Bank are subject to extensive regulation under state and federal banking laws and regulations. Old Line Bancshares, Inc.: Old Line Bancshares, Inc. is a Maryland corporation registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The company is subject to regulation and examination by the Board of Governors of the Federal Reserve Board (the Federal Reserve Board), and are required to file periodic reports and any additional information that the Federal Reserve Board may require. Old Line Bank: Old Line Bank is a Maryland chartered trust company (with all of the powers of a commercial bank), and is a member of the Federal Reserve System. Deposits of Old Line Bank are insured to the maximum legal limits by the Deposit Insurance Fund of the FDIC. It is subject to regulation, supervision and regular examination by the Commissioner and the Federal Reserve Board. History Old Line Bancshares, Inc. was founded in 1989.
old line bancshares inc
(OLBK:Consolidated Issue listed on NASDAQ Capital Market)
1525 Pointer Ridge Place
Bowie, MD 20716
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