Old Line Bancshares Inc., Bowie-based parent company of Old Line Bank, showed a net income of $327,542, or 8 cents per share for its first quarter of 2007. The total is a decrease of $55,911, or 14.58 percent, compared with net income for the same period in 2006.

Totals assets increased $2.5 million, or 1.15 percent, to $220.6 million from $218.1 million in the fourth quarter of 2006.

Old Line Bancshares Inc. President and Chief Executive Officer James W. Cornelson, in a prepared statement, attributed the net income decrease to investments in infrastructure, increased stock-based compensation and softening in the marine industry.