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STOCK-BASED COMPENSATION | 12 Months Ended
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Dec. 31, 2011
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 14. STOCK-BASED COMPENSATION At December 31, 2011, Shore Bancshares, Inc. maintained two equity compensation plans under which it may issue shares of common stock or grant other equity-based awards: (i) the Shore Bancshares, Inc. 2006 Stock and Incentive Compensation Plan (“2006 Equity Plan”); and (ii) the Shore Bancshares, Inc. 1998 Stock Option Plan (the “1998 Option Plan”). The ability to grant options under the 1998 Option Plan expired on March 3, 2008 pursuant to the terms of that plan, but stock options granted thereunder were outstanding as of December 31, 2011. Stock-based compensation expense totaled $338 thousand, $390 thousand and $102 thousand in 2011, 2010, and 2009, respectively. Stock-based compensation expense is recognized ratably over the requisite service period for all awards, is based on the grant date fair value and reflects forfeitures as they occur. The excess tax expense recognized in the accompanying consolidated statements of income related to stock-based compensation was $45 thousand, $20 thousand, and $5 thousand in 2011, 2010, and 2009, respectively. Unrecognized stock-based compensation expense related to stock-based awards totaled $167 thousand at December 31, 2011. At such date, the weighted-average period over which this unrecognized expense was expected to be recognized was 8.5 months. Under the 2006 Equity Plan, stock-based awards may be granted periodically to directors, executive officers, and key employees at the discretion of the Compensation Committee of the Board of Shore Bancshares, Inc. Stock-based awards granted to date under the 2006 Equity Plan are generally time-based, vesting on each anniversary of the grant date over a three- to five-year period of time and, in the case of stock options, expiring 10 years from the grant date. The 2006 Equity Plan originally reserved 631,972 shares of common stock for grant, and 561,294 shares remained available for grant at December 31, 2011. The following table summarizes restricted stock award activity for the Company under the 2006 Equity Plan for the two years ended December 31, 2011.
|  | Year Ended December 31, 2011 |  |  | Year Ended December 31, 2010 |
|  | Number |  |  | Weighted Average Grant |  |  | Number |  |  | Weighted Average Grant |
|  | of Shares |  |  | Date Fair Value |  |  | of Shares |  |  | Date Fair Value |
Nonvested at beginning of year |  |  | 44,127 |  |  | $ | 16.76 |  |  |  | 27,405 |  |  | $ | 20.23 |
Granted |  |  | 13,923 |  |  |  | 6.99 |  |  |  | 24,473 |  |  |  | 13.41 |
Vested |  |  | (12,271 | ) |  |  | 18.95 |  |  |  | (7,751 | ) |  |  | 18.47 |
Cancelled |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonvested at end of year |  |  | 45,779 |  |  |  | 13.20 |  |  |  | 44,127 |  |  |  | 16.76 |
The total fair value of restricted stock awards that vested was $119 thousand in 2011 and $163 thousand in 2010. The Company estimates the fair value of stock options using the Black-Scholes valuation model with weighted average assumptions for dividend yield, expected volatility, risk-free interest rate and expected lives (in years). The expected dividend yield is calculated by dividing the total expected annual dividend payout by the average stock price. The expected volatility is based on historical volatility of the underlying securities. The risk-free interest rate is based on the Federal Reserve Bank’s constant maturities daily interest rate in effect at grant date. The expected life of the options represents the period of time that the Company expects the awards to be outstanding based on historical experience with similar awards. No options were granted during 2011 or 2010. There was no aggregate intrinsic value of the options outstanding and exercisable based on the $5.15 market value per share of the Company’s common stock at December 31, 2011. Since there were no options exercised during 2011 or 2010, there was no intrinsic value of stock options exercised and no cash received on exercise of options. No stock options vested in 2011 or 2010. The following is a summary of stock option activity for the 1998 Option Plan for 2011 and 2010.
|  | Year Ended December 31, 2011 |  |  | Year Ended December 31, 2010 |
|  | Number |  |  | Weighted Average |  |  | Number |  |  | Weighted Average |
|  | of Shares |  |  | Exercise Price |  |  | of Shares |  |  | Exercise Price |
Outstanding at beginning of year |  |  | 8,420 |  |  | $ | 13.17 |  |  |  | 10,850 |  |  | $ | 13.36 |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Expired/Cancelled |  |  | (1,295 | ) |  |  | 13.17 |  |  |  | (2,430 | ) |  |  | 14.00 |
Outstanding at end of year |  |  | 7,125 |  |  |  | 13.17 |  |  |  | 8,420 |  |  |  | 13.17 |
At December 31, 2011, all 7,125 outstanding options were exercisable, had a weighted average exercise price of $13.17 per share, and expire on May 9, 2012.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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