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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2016
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 27. SUBSEQUENT EVENTS On January 10, 2017, Shore United Bank announced it had entered into a purchase and assumption agreement to acquire three branches from Northwest Bank located in the greater Baltimore, Maryland metropolitan area communities of Elkridge, Owings Mills and Arbutus. Pursuant to the branch purchases, Shore United bank will acquire approximately $214 million in deposits, $152 million of performing loans and $40 million in cash from Northwest Bank. In connection with the purchase of these branches, Shore United will pay an 8% deposit premium for the transaction. Subject to customary closing conditions, including the receipt of all necessary regulatory approvals, the acquisition is expected to be completed during the second quarter of 2017. Management is evaluating the recording of this transaction as a business combination.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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