Old Line Bancshares net income up

Old Line Bancshares Inc., of Bowie, the parent company of Old Line Bank, reported a profit of $1.8 million, or 16 cents per share,  for the quarter ending June 30, after showing a loss of $84,000, or 1 cent per share, for the same quarter in 2013. The increase in net income is primarily the result of a $1.4 million increase in net interest income, a $697,000 increase in non-interest income and a decrease of $2.0 million in non-interest expense, partially offset by an increase of $1.3 million in the provision for loan losses, the company said. Old Line Bank has 23 branches in Maryland.

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