Company Carroll Bancorp, Inc.

Carroll Bancorp, Inc. is a one-bank holding company for Carroll Community Bank (the Bank). The Bank is a state-chartered commercial bank. The Bank is engaged in attracting and accepting deposits from the public and investing those deposits, together with funds generated from operations, in commercial real estate and residential mortgage loans. It offers demand deposit accounts, remote deposit capture and business Internet banking to support the business community. It offers a range of deposit products, including savings accounts, certificates of deposit, money market accounts, business and retail noninterest and interest bearing checking accounts and individual retirement accounts. Its loan products include owner-occupied and non-owner-occupied commercial real estate loans, one- to four-family investor mortgages, owner-occupied one- to four-family residential mortgages and second mortgages, home equity lines of credit and home equity loans.