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PARENT COMPANY FINANCIAL INFORMATION (Table) | 12 Months Ended
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Dec. 31, 2018
PARENT COMPANY FINANCIAL INFORMATION [Abstract] |
Condensed Balance Sheet, Parent Only | The following tables provide condensed financial information for Shore Bancshares, Inc. (Parent Company Only). ﻿
﻿ |  |  |  |  |  |
﻿Condensed Balance Sheets
﻿December 31,
﻿ |  |  |  |  |  |
﻿(Dollars in thousands) |  | 2018 |  | 2017
﻿Assets |  |  |  |  |  |
﻿Cash |  | $ | 26,583 |  | $ | 683
﻿Investment securities available for sale, at fair value |  |  | 918 |  |  | 1,127
﻿Investment in subsidiaries |  |  | 157,855 |  |  | 157,880
﻿Premises and equipment, net |  |  | 3,772 |  |  | 3,435
﻿Other assets |  |  | 1,593 |  |  | 2,209
﻿Total assets |  | $ | 190,721 |  | $ | 165,334
﻿ |  |  |  |  |  |
﻿Liabilities |  |  |  |  |  |
﻿Accrued interest payable |  | $ | 1 |  | $ | -
﻿Other liabilities |  |  | 6,494 |  |  | 932
﻿Short-term borrowings |  |  | 1,041 |  |  | 666
﻿Total liabilities |  |  | 7,536 |  |  | 1,598
﻿ |  |  |  |  |  |
﻿Stockholders' equity |  |  |  |  |  |
﻿Common stock |  |  | 127 |  |  | 127
﻿Additional paid in capital |  |  | 65,434 |  |  | 65,256
﻿Retained earnings |  |  | 120,574 |  |  | 99,662
﻿Accumulated other comprehensive loss |  |  | (2,950) |  |  | (1,309)
﻿Total stockholders' equity |  |  | 183,185 |  |  | 163,736
﻿ |  |  |  |  |  |
﻿Total liabilities and stockholders' equity |  | $ | 190,721 |  | $ | 165,334
﻿
Condensed Statement of Operations, Parent Only |
﻿ |  |  |  |  |  |
﻿Condensed Statements of Income
﻿For the Years Ended December 31,
﻿ |  |  |  |  |  |
﻿(Dollars in thousands) |  | 2018 |  | 2017
﻿Income |  |  |  |  |  |
﻿Dividends from subsidiaries |  | $ | 4,000 |  | $ | 1,000
﻿Management and other fees from subsidiaries |  |  | 8,160 |  |  | 7,811
﻿Gain on sale of subsidiary |  |  | 12,736 |  |  | -
﻿Other operating income |  |  | 30 |  |  | 94
﻿Total income |  |  | 24,926 |  |  | 8,905
﻿ |  |  |  |  |  |
﻿Expenses |  |  |  |  |  |
﻿Interest expense |  |  | 54 |  |  | 36
﻿Salaries and employee benefits |  |  | 4,580 |  |  | 4,799
﻿Occupancy and equipment expense |  |  | 630 |  |  | 592
﻿Other operating expenses |  |  | 3,421 |  |  | 2,878
﻿Total expenses |  |  | 8,685 |  |  | 8,305
﻿ |  |  |  |  |  |
﻿Income before income tax expense (benefit) and equity in |  |  |  |  |  |
﻿undistributed net income of subsidiaries |  |  | 16,241 |  |  | 600
﻿Income tax expense (benefit) |  |  | 4,298 |  |  | (138)
﻿Income before equity in undistributed net income of subsidiaries |  |  | 11,943 |  |  | 738
﻿ |  |  |  |  |  |
﻿Equity in undistributed net income of subsidiaries |  |  | 13,054 |  |  | 10,524
﻿Net income |  | $ | 24,997 |  | $ | 11,262
﻿
Condensed Cash Flow, Parent Only |
﻿ |  |  |  |  |  |
﻿Condensed Statements of Cash Flows
﻿For the Years Ended December 31,
﻿ |  |  |  |  |  |
﻿(Dollars in thousands) |  | 2018 |  | 2017
﻿Cash flows from operating activities: |  |  |  |  |  |
﻿Net income |  | $ | 24,997 |  | $ | 11,262
﻿Adjustments to reconcile net income to cash |  |  |  |  |  |
﻿provided by operating activities: |  |  |  |  |  |
﻿Equity in undistributed net income of subsidiaries |  |  | (13,054) |  |  | (10,524)
﻿Depreciation and amortization |  |  | 469 |  |  | 452
﻿Stock-based compensation expense |  |  | 447 |  |  | 1,055
﻿Gain on sale of subsidiary |  |  | (12,736) |  |  | -
﻿Net decrease in other assets |  |  | 1,001 |  |  | 843
﻿Net increase (decrease) in other liabilities |  |  | 3,267 |  |  | (806)
﻿Net cash provided by operating activities |  |  | 4,391 |  |  | 2,282
﻿ |  |  |  |  |  |
﻿Cash flows from investing activities: |  |  |  |  |  |
﻿Proceeds from maturities and principal payments of |  |  |  |  |  |
﻿investment securities available for sale |  |  | 187 |  |  | 534
﻿Purchases of premises and equipment |  |  | (590) |  |  | (148)
﻿Payments for advances to subsidiary |  |  | - |  |  | (267)
﻿Cash of subsidiary retained upon disposal |  |  | 726 |  |  | -
﻿Proceeds from sale of subsidiary |  |  | 25,159 |  |  | -
﻿Net cash provided by investing activities |  |  | 25,482 |  |  | 119
﻿ |  |  |  |  |  |
﻿Cash flows from financing activities: |  |  |  |  |  |
﻿Increase in short-term borrowings |  |  | 375 |  |  | 666
﻿Repayment of long-term debt |  |  | - |  |  | (843)
﻿Common stock dividends paid |  |  | (4,079) |  |  | (2,790)
﻿Repurchase of shares for tax withholding on exercised options |  |  |  |  |  |
﻿ and vested restricted stock |  |  | (269) |  |  | -
﻿Net cash used in financing activities |  |  | (3,973) |  |  | (2,967)
﻿ |  |  |  |  |  |
﻿Net increase (decrease) in cash and cash equivalents |  |  | 25,900 |  |  | (566)
﻿Cash and cash equivalents at beginning of year |  |  | 683 |  |  | 1,249
﻿Cash and cash equivalents at end of year |  | $ | 26,583 |  | $ | 683
﻿ |  |  |  |  |  |
﻿Supplemental cash flow information: |  |  |  |  |  |
﻿Transfer of available for sale securities to banking subsidiary |  | $ | - |  | $ | 10,233
﻿

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