XML 73 R52.htm IDEA: XBRL DOCUMENT
v3.8.0.1

FAIR VALUE MEASUREMENTS (Table) | 12 Months Ended
--- | ---
Dec. 31, 2017
FAIR VALUE MEASUREMENTS [Abstract] |
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis | ﻿ ﻿ The tables below present the recorded amount of assets measured at fair value on a recurring basis at December 31, 2017 and 2016. No assets were transferred from one hierarchy level to another during 2017or 2016. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Significant |  |  |
﻿ |  |  |  |  |  |  |  | Other |  | Significant
﻿ |  |  |  |  | Quoted |  | Observable |  | Unobservable
﻿ |  |  |  |  | Prices |  | Inputs |  | Inputs
﻿(Dollars in thousands) |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
﻿December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
﻿Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 45,332 |  | $ | - |  | $ | 45,332 |  | $ | -
﻿Mortgage-backed |  |  | 150,965 |  |  | - |  |  | 150,965 |  |  | -
﻿Equity |  |  | 658 |  |  | - |  |  | 658 |  |  | -
﻿Total |  | $ | 196,955 |  | $ | - |  | $ | 196,955 |  | $ | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Significant |  |  |
﻿ |  |  |  |  |  |  |  | Other |  | Significant
﻿ |  |  |  |  | Quoted |  | Observable |  | Unobservable
﻿ |  |  |  |  | Prices |  | Inputs |  | Inputs
﻿(Dollars in thousands) |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
﻿December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
﻿Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 34,318 |  | $ | - |  | $ | 34,318 |  | $ | -
﻿Mortgage-backed |  |  | 128,944 |  |  | - |  |  | 128,944 |  |  | -
﻿Equity |  |  | 640 |  |  | - |  |  | 640 |  |  | -
﻿Total |  | $ | 163,902 |  | $ | - |  | $ | 163,902 |  | $ | -
﻿
Fair Value of Assets Measured on Nonrecurring Basis | The following tables set forth the Company’s financial assets subject to fair value adjustments (impairment) on a nonrecu rring basis at December 31, 2017 and 2016, that are valued at the lower of cost or market. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The assets in the following table were transferred during 2016 from Level 2 to Level 3, based on management’s reassessment an evaluation of the inputs in relation to impaired loans and foreclosed assets. This reassessment resulted in management’s conclusion that the inputs for these assets were more reflective of Level 3 as unobservable inputs and applied retrospectively to prior periods reported. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Quantitative Information about Level 3 Fair Value Measurements
﻿(Dollars in thousands) |  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range
﻿December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
﻿Nonrecurring measurements: |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Impaired loans |  | $ | 510 |  |  | Appraisal of collateral | 1 |  | Liquidation expense | 2 |  | 10%
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Impaired loans |  | $ | 6,005 |  |  | Discounted cash flow analysis | 1 |  | Discount rate |  |  | 4% - 8.5%
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Other real estate owned |  | $ | 1,794 |  |  | Appraisal of collateral | 1 |  | Appraisal adjustments | 2 |  | 20% - 30%
﻿ |  |  |  |  |  |  |  |  | Liquidation expense | 2 |  | 5% - 10%
﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Quantitative Information about Level 3 Fair Value Measurements
﻿(Dollars in thousands) |  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range
﻿December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
﻿Nonrecurring measurements: |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Impaired loans |  | $ | 8,935 |  |  | Appraisal of collateral | 1 |  | Appraisal adjustments | 2 |  | 20% - 30%
﻿ |  |  |  |  |  |  |  |  | Liquidation expense | 2 |  | 5% - 10%
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Other real estate owned |  | $ | 2,477 |  |  | Appraisal of collateral | 1 |  | Appraisal adjustments | 2 |  | 20% - 30%
﻿ |  |  |  |  |  |  |  |  | Liquidation expense | 2 |  | 5% - 10%
﻿
Schedule of Estimated Fair Values of Financial Assets and Liabilities | ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ The following table provides information on the estimated fair values of the Company’s financial assets and liabilities that are reported in the balance sheets at their carrying amounts. The financial assets and liabilities have been segregated by their classification level in the fair value hierarchy. ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | December 31, 2017 |  | December 31, 2016
﻿ |  |  |  |  | Estimated |  |  |  |  | Estimated
﻿ |  | Carrying |  | Fair |  | Carrying |  | Fair
﻿(Dollars in thousands) |  | Amount |  | Value |  | Amount |  | Value
﻿Financial assets |  |  |  |  |  |  |  |  |  |  |  |
﻿Level 1 inputs |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents |  | $ | 31,820 |  | $ | 31,820 |  | $ | 75,938 |  | $ | 75,938
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Level 2 inputs |  |  |  |  |  |  |  |  |  |  |  |
﻿Investment securities held to maturity |  | $ | 6,247 |  | $ | 6,391 |  | $ | 6,808 |  | $ | 6,806
﻿Restricted securities |  |  | 3,735 |  |  | 3,735 |  |  | 1,650 |  |  | 1,650
﻿Bank owned life insurance |  |  | 3,637 |  |  | 3,637 |  |  | 3,552 |  |  | 3,552
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Level 3 inputs |  |  |  |  |  |  |  |  |  |  |  |
﻿Loans, net |  |  | 1,083,733 |  |  | 1,072,951 |  |  | 862,799 |  |  | 867,594
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
﻿Level 2 inputs |  |  |  |  |  |  |  |  |  |  |  |
﻿Deposits: |  |  |  |  |  |  |  |  |  |  |  |
﻿Noninterest-bearing demand |  | $ | 328,322 |  | $ | 328,322 |  | $ | 261,575 |  | $ | 261,575
﻿Checking plus interest |  |  | 231,898 |  |  | 231,898 |  |  | 203,724 |  |  | 203,724
﻿Money market |  |  | 223,123 |  |  | 223,123 |  |  | 181,871 |  |  | 181,871
﻿Savings |  |  | 156,623 |  |  | 156,623 |  |  | 90,051 |  |  | 90,051
﻿Club |  |  | 398 |  |  | 398 |  |  | 393 |  |  | 393
﻿Certificates of deposit, $100,000 or more |  |  | 107,343 |  |  | 105,691 |  |  | 120,602 |  |  | 119,914
﻿Other time |  |  | 155,074 |  |  | 151,339 |  |  | 139,273 |  |  | 135,940
﻿Short-term borrowings |  |  | 21,734 |  |  | 21,734 |  |  | 3,203 |  |  | 3,203
﻿

X
- Definition Tabular disclosure of estimated fair values of the company's financial assets and liabilities reported at their carrying amounts. + References No definition available. + Details
Name: | shbi_ScheduleOfEstimatedFairValuesOfFinancialAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | shbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration