Old Line Bank
Old Line Bank reported total assets of $3.1 bn at Q3 2019, its last Call Report before it merged into WesBanco Bank, Inc.. Its common equity tier 1 ratio was 11.68%, and an estimated 21.79% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Uninsured share of domestic deposits: up 2.68 pp on Q2 2019, to 21.79%
- Net loans and leases: up 2.5% on Q2 2019, to $2.5 bn
- Total deposits: up 1.3% on Q2 2019, to $2.4 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Old Line Bank?
Its largest one-quarter change in total assets since Q1 2016 was +32.7% between Q1 2018 and Q2 2018, when it absorbed Bay Bank, FSB. Against its six size peers, its efficiency ratio stands out most: 49.50% at Q3 2019, below the peer median of 65.28%.
How large is Old Line Bank?
At Q3 2019 the bank held $3.1 bn of assets. Deposits were $2.4 bn and net loans and leases $2.5 bn, a loan-to-deposit ratio of 103.29%. Securities of $268.5 mn made up 8.7% of assets.
Total assets rose 104.2% between Q1 2016 and Q3 2019, from $1.5 bn.
How much of its funding is uninsured?
An estimated 21.79% of domestic deposits were above the FDIC insurance limit at Q3 2019, +2.68 pp from the previous quarter and +3.14 pp from a year earlier.
Key facts, Q3 2019
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $3.1 bn | +5.6% | |
| Total deposits | $2.4 bn | +7.8% | |
| Net loans and leases | $2.5 bn | +4.3% | |
| Bank equity capital | $427.0 mn | +8.1% | |
| Common equity tier 1 (CET1) ratio | 11.68% | +0.62 pp | |
| Tier 1 leverage ratio | 10.74% | +0.52 pp | |
| Return on equity (ROE) | 9.28% | -0.71 pp | |
| Net interest margin | 3.52% | -0.40 pp | |
| Uninsured share of domestic deposits | 21.79% | +3.14 pp | |
| Noncurrent loans to total loans | 0.34% | +0.05 pp | |
| Net charge-offs to average loans | 0.02% | +0.01 pp |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q3 2019. Dashed amber lines mark the mergers and acquisitions listed under Mergers and acquisitions.
- Total assets $3.1bn
- Deposits $2.4bn
- Net loans $2.5bn
Capital and securities
The common equity tier 1 (CET1) ratio was 11.68% at Q3 2019, +0.62 pp from a year earlier. Since Q1 2016 it has ranged from 9.98% (Q2 2016) to 11.69% (Q2 2019). At Q3 2019 the tier 1 leverage ratio was 10.74% and the total risk-based capital ratio 11.98%. The median CET1 ratio of the size peers listed below was 12.46% at Q3 2019.
Available-for-sale securities showed an unrealized gain of $1.5 mn at Q3 2019; the gain turned from a loss into a gain from a year earlier.
Capital ratios
- Total capital 12%
- CET1 12%
- Tier 1 leverage 11%
Unrealized gains and losses on securities
- Available for sale $2mn
- Held to maturity $0
Profitability and loan quality
Return on equity was 9.28% for the year to Q3 2019, annualized, with a return on assets of 1.27% and a net interest margin of 3.52%. The margin was -0.40 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 49.50%. Net income for the year to Q3 2019 was $29.0 mn, up 22.4% on the same period a year earlier. The median return on equity of its size peers was 11.90% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.34% of total loans at Q3 2019. Net charge-offs for the year to date were 0.02% of average loans, annualized.
Profitability
- Return on equity 9.3%
- Net interest margin 3.5%
- Return on assets 1.3%
Compared with banks of similar size
The six banks ranked closest to Old Line Bank by total assets at Q3 2019, three above and three below where possible.
Among the seven banks in the table at Q3 2019, Old Line Bank is 4th by total assets. Its CET1 ratio of 11.68% compares with a peer median of 12.46%, its tier 1 leverage ratio of 10.74% compares with a peer median of 9.19%, and its return on equity of 9.28% compares with a peer median of 11.90%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Enterprise Bank and Trust Company | $3.1 bn | 10.78% | 12.13% | 35.22% | |
| RCB Bank | $3.1 bn | 12.38% | 11.67% | 7.74% | |
| Nicolet National Bank | $3.1 bn | 10.32% | 14.23% | 29.80% | |
| Old Line Bank | $3.1 bn | 11.68% | 9.28% | 21.79% | |
| Republic Bank | $3.1 bn | 12.55% | 0.90% | 67.74% | |
| Union Savings Bank | $3.1 bn | 14.67% | 17.79% | 12.57% | |
| Spencer Savings Bank, SLA | $3.0 bn | 15.32% | 4.96% | 15.79% | |
Q3 2019. Peer median (the six banks, excluding this one): CET1 12.46%, return on equity 11.90%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Old Line Bank, as reported in its Call Reports.
From Q4 2017 to Q3 2019, total assets rose 47.0% to $3.1 bn, deposits rose 45.8% to $2.4 bn and bank equity capital rose 79.3% to $427.0 mn. Over the same period its full-time equivalent staff went from 266 to 361 and its offices went from 28 to 37.
| Metric | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.1 bn | $2.2 bn | $2.9 bn | $2.9 bn | $2.9 bn | $3.1 bn | $3.1 bn | $3.1 bn |
| Total deposits | $1.7 bn | $1.8 bn | $2.2 bn | $2.2 bn | $2.3 bn | $2.3 bn | $2.4 bn | $2.4 bn |
| Bank equity capital | $238.1 mn | $240.8 mn | $390.4 mn | $395.2 mn | $403.4 mn | $413.5 mn | $422.5 mn | $427.0 mn |
| Common equity tier 1 (CET1) ratio | 11.05% | 10.95% | 10.95% | 11.06% | 11.26% | 11.40% | 11.69% | 11.68% |
| Return on equity (ROE) | 10.09% | 11.46% | 10.14% | 9.99% | 10.40% | 9.16% | 9.21% | 9.28% |
| Uninsured share of domestic deposits | 21.26% | 24.91% | 19.72% | 18.65% | 17.49% | 17.74% | 19.10% | 21.79% |
| Full-time equivalent employees | 266 | 270 | 379 | 355 | 367 | 360 | 373 | 361 |
| Number of offices | 28 | 28 | 39 | 37 | 37 | 37 | 37 | 37 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Figures before and after each event are not like for like.
- . Absorbed Regal Bank & Trust (FDIC certificate 32370).
- . Absorbed Damascus Community Bank (FDIC certificate 27280).
- . Absorbed Bay Bank, FSB (FDIC certificate 59004).
- . Merged into WesBanco Bank, Inc. (FDIC certificate 803).
Large one-quarter moves
- Total assets changed by +32.7% in the quarter to 2018-06-30: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Bay Bank, FSB.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 27599
- Federal Reserve RSSD ID
- 1401387
- Head office
- Bowie, Maryland
- Holding company
- OLD LINE BANCSHARES INC (as reported to the FDIC)
- Holding company RSSD ID
- 3200221
- EconoMonitor ID
- EMB-US-000457
Frequently asked questions
What were Old Line Bank's total assets?
$3.1 bn at Q3 2019, according to its Call Report as published by the FDIC.
Is Old Line Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 27599). Its holding company, OLD LINE BANCSHARES INC (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after Old Line Bank files its Call Report and the FDIC publishes it. This page shows Q3 2019, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 27599, and in the Call Reports filed under RSSD ID 1401387 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.