EXHIBIT 99.1

Old Line Bancshares, Inc. Reports $3.8 Million in Net Income Available to Common Stockholders, an Increase of 121.93 Percent for the Six Months Ended June 30, 2012

2^nd QUARTER AND YEAR TO DATE HIGHLIGHTS

• Net income available to common stockholders of $2.0 million or $0.30 per share for the quarter increased 71.55% from the $1.2 million or $0.17 per share reported for second quarter of 2011.
• Net income available to common stockholders of $3.8 million or $0.55 per share for the six month period increased 121.93% from the $1.7 million or $0.30 per share reported for the six months ended June 30, 2011.
• The second quarter Return on Average Assets (ROAA) and Return on Average Equity (ROAE) were 0.99% and 12.27%, respectively.
• For the six months ended June 30, 2012, the ROAA and ROAE were 0.93% and 11.59%, respectively.
• Non-performing assets were 1.31% of total assets at June 30, 2012.
• The ratio of the allowance for loan losses as a percent of gross loans was 0.71% at June 30, 2012 compared to 0.69% at December 31, 2011.
• The net interest margin was 4.84% for the second quarter and 4.67% for the six month period.

BOWIE, Md. James W. Cornelsen, President & Chief Executive Officer of Old Line Bancshares, Inc. (Nasdaq:OLBK), the parent company of Old Line Bank, reported that net income available to common stockholders increased $2.1 million to $3.8 million for the six months ended June 30, 2012, compared with $1.7 million for the six months ended June 30, 2011. Earnings per basic and diluted common share were $0.55 for the six months ended June 30, 2012 and $0.30 for the same period in 2011.  The 121.93% increase in net income available to common stockholders was primarily the result of a $5.2 million increase in net interest income. This increase derived from the $209.4 million or 40.85% growth in average interest earning assets and a 24 basis point increase in the net interest margin from 4.43% for the period ending June 30, 2011 compared to 4.67% for the period ending June 30, 2012. The increase in average interest earning assets was the result of a $153.6 million increase in average gross loans and $67.2 million increase in average investments. The primary cause of this growth was the acquisition of Maryland Bankcorp, Inc. on April 1, 2011. This growth coupled with a $1.1 million increase in the accretion of fair value adjustments that were recorded in conjunction with the merger, were the predominant causes of the increase in net interest income.   Non-interest revenue also increased $1.2 million during the six month period as a result of the acquisition, a $519,469 increase in gains on sales of investment securities, and $159,213 increase in gains on sales of other real estate owned. These improvements were partially offset by a $550,000 increase in the provision for loan losses and a $2.8 million increase in in non-interest expense. 

For the three month period ended June 30, 2012, net income available to common stockholders was $2.0 million or $0.30 per basic common share and $0.29 per diluted common share. This was $846,367 or 71.55% higher than the same period in 2011.During the three month period ended June 30, 2012, net interest income increased $992,212 or 13.28% primarily as a result of a $60.3 million increase in average total loans outstanding and a $592,315 increase in the accretion of fair value adjustments that were recorded in conjunction with the merger. The $60.3 million in average total loan growth was a result of our business development efforts, expanded market area and increased name recognition. Non-interest revenue also increased $638,455 during the period primarily because we sold investments and recorded gains on these sales of $282,858 compared to gains of $2,489 during the same period in 2011. We also successfully sold other real estate owned and recorded a gain of $191,201. For the same period in 2011, we did not sell any other real estate owned. Salaries, employee benefits, equipment and other operating expenses increased primarily because of enhancements to our personnel and infrastructure that we believe will allow us to efficiently operate a larger organization and continue to expand our service and market area.

James W. Cornelsen, President and Chief Executive Officer, said that he is "extremely proud of our financial performance during the second quarter and the prior twelve to fifteen months. Since the acquisition, we have made significant progress in disposing of troubled assets, reducing expenses, and maintaining and growing our loan and deposit base. The second quarter of 2012 is the first quarter since the acquisition of Maryland Bankcorp where we can make a comparable quarterly comparison. Our performance during the second quarter of 2012 clearly demonstrates the positive impact of the Maryland Bankcorp acquisition on our financial performance.  This success is a direct result of the Old Line Bank team working together to properly structure, plan and execute our acquisition strategy. "

Our asset quality continues to remain strong even with the addition of the acquired loan portfolio. Our non-performing assets to total assets remained stable and statistically low at 1.31% and our allowance for loan losses as a percent of gross loans increased modestly to 0.71% compared to 0.69% at December 31, 2011. For the three and six month periods ended June 30, 2012, we increased the provision for loan losses by $325,000 and $550,000, respectively.  Although our legacy loan  portfolio's (loans not acquired from Maryland Bankcorp) asset quality remained stable and there are indications that the economy may be on a path to recovery, there are also indications that it may experience either flat or minimal growth in the near term and this could negatively impact our borrowers' financial stability. As a result of our loan growth and continued instability in the economy, we believe it is prudent to continue to increase the provision for loan losses. Based on our internal analysis, the ratio of non-performing assets, and the satisfactory historical performance of the loan portfolio, management believes the allowance continues to appropriately reflect the inherent risk of loss in our portfolio and the current economic climate.   

Old Line Bancshares, Inc. is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Bowie, Maryland, approximately 10 miles east of Andrews Air Force Base and 20 miles east of Washington, D.C. Old Line Bank has 19 branches located in its primary market area of suburban Maryland (Washington, D.C. suburbs and Southern Maryland) counties of Anne Arundel, Calvert, Charles, Prince George's and St. Mary's. It also targets customers throughout the greater Washington, D.C. metropolitan area. 

The statements in this press release that are not historical facts, in particular the statements with respect to continuing to expand our services and market and the adequacy of our loan loss allowance constitute "forward-looking statements" as defined by Federal securities laws. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These statements can generally be identified by the use of forward-looking terminology such as "believes," "expects," "intends," "may," "will," "should," "anticipates", "plans" or similar terminology. Actual results could differ materially from those currently anticipated due to a number of factors, including, but not limited to, deterioration in economic conditions or a slower than anticipated recovery in our target markets or nationally, sustained high levels of or further increases in the unemployment rate in our target markets, the actions of our competitors and our ability to successfully compete, in particular in new market areas, and changes in laws impacting our ability to collect on outstanding loans or otherwise negatively impact our business, including regulations implemented pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted in July 2010. Forward-looking statements speak only as of the date they are made. Old Line Bancshares, Inc. will not update forward-looking statements to reflect factual assumptions, circumstances or events that have changed after a forward-looking statement was made. For further information regarding risks and uncertainties that could affect forward-looking statements Old Line Bancshares, Inc. may make, please refer to the filings made by Old Line Bancshares, Inc. with the U.S. Securities and Exchange Commission available at www.sec.gov.

CONTACT:  OLD LINE BANCSHARES, INC.
          CHRISTINE M. RUSH
          CHIEF FINANCIAL OFFICER
          (301) 430-2544