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PARENT COMPANY FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | NOTE 24. PARENT COMPANY FINANCIAL INFORMATION The following tables provide condensed financial information for Shore Bancshares, Inc. (Parent Company Only).
Condensed Balance Sheets |
December 31, |
(Dollars in thousands) |  | 2014 |  | 2013 |
Assets |  |  |  |  |  |  |
Cash |  | $ | 2,101 |  | $ | 987 |
Investment securities |  |  | 9,723 |  |  | - |
Investment in subsidiaries |  |  | 126,857 |  |  | 102,815 |
Premises and equipment, net |  |  | 3,158 |  |  | 2,726 |
Other assets |  |  | 1,329 |  |  | 1,284 |
Total assets |  | $ | 143,168 |  | $ | 107,812 |
Liabilities |  |  |  |  |  |  |
Accrued interest payable |  | $ | 1 |  | $ | - |
Deferred tax liability |  |  | - |  |  | 1,628 |
Other liabilities |  |  | 855 |  |  | 542 |
Long-term debt |  |  | 1,843 |  |  | 2,343 |
Total liabilities |  |  | 2,699 |  |  | 4,513 |
Stockholders’ equity |  |  |  |  |  |  |
Common stock |  |  | 126 |  |  | 85 |
Additional paid in capital |  |  | 63,532 |  |  | 32,207 |
Retained earnings |  |  | 76,495 |  |  | 71,444 |
Accumulated other comprehensive income (loss) |  |  | 316 |  |  | (437) |
Total stockholders’ equity |  |  | 140,469 |  |  | 103,299 |
Total liabilities and stockholders’ equity |  | $ | 143,168 |  | $ | 107,812 |
Condensed Statements of Operations |
For the Years Ended December 31, |
(Dollars in thousands) |  | 2014 |  | 2013 |  | 2012 |
Income |  |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 200 |  | $ | 2,163 |  | $ | 3,154 |
Management and other fees from subsidiaries |  |  | 7,933 |  |  | 6,226 |  |  | 5,692 |
Other income |  |  | 110 |  |  | 31 |  |  | 180 |
Total income |  |  | 8,243 |  |  | 8,420 |  |  | 9,026 |
Expenses |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 80 |  |  | 88 |  |  | 107 |
Salaries and employee benefits |  |  | 5,321 |  |  | 4,447 |  |  | 4,188 |
Occupancy and equipment expense |  |  | 541 |  |  | 508 |  |  | 463 |
Other operating expenses |  |  | 2,387 |  |  | 1,853 |  |  | 1,529 |
Total expenses |  |  | 8,329 |  |  | 6,896 |  |  | 6,287 |
(Loss) income before income tax benefit and equity in undistributed net income (loss) of subsidiaries |  |  | (86) |  |  | 1,524 |  |  | 2,739 |
Income tax benefit |  |  | (107) |  |  | (61) |  |  | (58) |
Income before equity in undistributed net income (loss) of subsidiaries |  |  | 21 |  |  | 1,585 |  |  | 2,797 |
Equity in undistributed net income (loss) of subsidiaries |  |  | 5,030 |  |  | (11,219) |  |  | (12,435) |
Net income (loss) |  | $ | 5,051 |  | $ | (9,634) |  | $ | (9,638) |
Condensed Statements of Cash Flows For the Years Ended December 31,
(Dollars in thousands) |  | 2014 |  | 2013 |  | 2012 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 5,051 |  | $ | (9,634) |  | $ | (9,638) |
Adjustments to reconcile net (income) loss to cash provided by operating activities: |  |  |  |  |  |  |  |  |  |
Equity in undistributed net (income) loss of subsidiaries |  |  | (5,030) |  |  | 11,219 |  |  | 12,435 |
Depreciation and amortization |  |  | 379 |  |  | 386 |  |  | 367 |
Stock-based compensation expense |  |  | 87 |  |  | 78 |  |  | 209 |
Excess tax benefit from stock-based arrangements |  |  | - |  |  | (26) |  |  | (106) |
Net (increase) decrease in other assets |  |  | (121) |  |  | 128 |  |  | (246) |
Net increase (decrease) in other liabilities |  |  | 271 |  |  | (53) |  |  | (423) |
Net cash provided by operating activities |  |  | 637 |  |  | 2,098 |  |  | 2,598 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Proceeds from sale of securities |  |  | 442 |  |  | - |  |  | - |
Purchases of securities |  |  | (10,112) |  |  | - |  |  | - |
Purchases of premises and equipment |  |  | (632) |  |  | (307) |  |  | (108) |
Investment in subsidiaries |  |  | (20,000) |  |  | (1,650) |  |  | (2,000) |
Net cash used in investing activities |  |  | (30,302) |  |  | (1,957) |  |  | (2,108) |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Repayment of long-term debt |  |  | (500) |  |  | - |  |  | (1,007) |
Excess tax benefit from stock-based arrangements |  |  | - |  |  | 26 |  |  | 106 |
Proceeds from issuance of common stock |  |  | 31,279 |  |  | - |  |  | - |
Common stock dividends paid |  |  | - |  |  | - |  |  | (85) |
Net cash provided by (used in) financing activities |  |  | 30,779 |  |  | 26 |  |  | (986) |
Net increase (decrease) in cash and cash equivalents |  |  | 1,114 |  |  | 167 |  |  | (496) |
Cash and cash equivalents at beginning of year |  |  | 987 |  |  | 820 |  |  | 1,316 |
Cash and cash equivalents at end of year |  | $ | 2,101 |  | $ | 987 |  | $ | 820 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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