Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact: Russell J. Grimes

President and Chief Executive Officer

(410) 795-1900

Carroll Bancorp, Inc. Announces Second Quarter Results

SYKESVILLE, MD – July 21, 2014 – Carroll Bancorp, Inc. (the “Company”) (OTCQB: CROL), the parent company of Carroll Community Bank (the “Bank”), today announced quarterly net income of $82,000, or $0.18 per diluted common share, for the quarter ended June 30, 2014 compared to net income of $61,000, or $0.18 per diluted common share, for the quarter ended June 30, 2013, a $21,000, or 34%, increase. The Company earned $155,000, or $0.38 per diluted common share, for the six months ended June 30, 2014 compared to net income of $112,000, or $0.33 per diluted common share, for the six months ended June 30, 2013, a $43,000, or 39%, increase.

The increase in net income for the three months ended June 30, 2014 was the result of the growth in net interest income of $57,000 and a $42,000 decrease in the provision for loan losses, partially offset by an increase in non-interest expense of $32,000 compared to the three months ended June 30, 2013.

The net interest income increase was primarily due to the further reduction in the Bank’s cost of funds. Our net interest margin improved to 3.64% for the three months ended June 30, 2014 compared to 3.60% for the three months ended June 30, 2013. During the same comparative periods, average earning assets increased by $5.3 million with average loan balances increasing by $5.2 million. The provision for loan loss decrease was due primarily to a specific reserve recorded last year for a single nonperforming investor residential loan and the non-interest expense increase was due to higher compensation, benefit and data processing costs, partially offset by a decline in OREO expenses.

The Company also reported at June 30, 2014 total assets of $111.0 million, an increase of 3.6%, gross loans of $88.1 million, an increase of 6.1%, and total deposits of $93.9 million, an increase of 3.0%, compared to June 30, 2013. Compared to December 31, 2013, total assets increased by $3.3 million, or 3.0%, gross loans increased by $3.9 million, or 4.7%, and total deposits increased by $2.1 million, or 2.3%. Non-interest bearing deposits increased by 4.8% and 11.6%, respectively, compared to June 30, 2013 and December 31, 2013.

Nonperforming loans decreased to $190,000 at June 30, 2014 from $561,000 at June 30, 2013 while total nonperforming assets decreased to $243,000 at June 30, 2014 from $1.4 million at June 30, 2013. Our past due loans also declined to $379,000 at June 30, 2014 from $586,000 at June 30, 2013.

“The Company continues to make substantial progress in reaching our strategic plan objectives for 2014 and our results demonstrate our focus on improving earnings and asset quality. We are pleased with the continued improvement in our core metrics.” stated Russell J. Grimes, President and CEO of Carroll Bancorp, Inc.

Carroll Bancorp, Inc.’s common stock trades on the OTC Markets (www.otcmarkets.com) under the symbol “CROL.” For more information, visit our website at www.carrollcobank.com or contact Russell Grimes, President & CEO at 410-795-1900.

About Carroll Bancorp, Inc. and Carroll Community Bank

Carroll Bancorp, Inc. is the holding company of Carroll Community Bank. Carroll Community Bank, originally founded in 1870, is a state-chartered commercial bank with branch offices in the towns of Eldersburg and Westminster in Carroll County, Maryland. Carroll Community Bank operates as a community-oriented institution, offering a variety of loan and deposit products and serving the financial needs of its local community.

Forward-Looking Statements: The statements in this release regarding achievement of strategic objectives and improving earnings and asset quality are forward-looking statements within the meaning of and pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, deterioration in general economic conditions in our market areas, the impact of new governmental regulations, and unexpected changes in interest rates, deposit flows and loan demand, as well as other risks and uncertainties as described in Carroll Bancorp, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2013 (File No. 000-54422), and in other filings we may make. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.

Financial Highlights