XML 63 R50.htm IDEA: XBRL DOCUMENT
v3.19.1

FAIR VALUE MEASUREMENTS (Table) | 12 Months Ended
--- | ---
Dec. 31, 2018
FAIR VALUE MEASUREMENTS [Abstract] |
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis | ﻿ ﻿ Equity Securities Fair value measurement for equity securities is based on quoted market prices retrieved by the Company via on-line resources. Although these securities have readily available fair market values, the Company deems that they be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ The tables below present the recorded amount of assets measured at fair value on a recurring basis at December 31, 2018 and 2017. No assets were transferred from one hierarchy level to another during 2018 or 2017. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Significant |  |  |
﻿ |  |  |  |  |  |  |  | Other |  | Significant
﻿ |  |  |  |  | Quoted |  | Observable |  | Unobservable
﻿ |  |  |  |  | Prices |  | Inputs |  | Inputs
﻿(Dollars in thousands) |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
﻿December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
﻿Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 33,636 |  | $ | - |  | $ | 33,636 |  | $ | -
﻿Mortgage-backed |  |  | 120,796 |  |  | - |  |  | 120,796 |  |  | -
﻿ |  |  | 154,432 |  |  | - |  |  | 154,432 |  |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Equity |  |  | 1,269 |  |  | - |  |  | 1,269 |  |  | -
﻿Total |  | $ | 155,701 |  | $ | - |  | $ | 155,701 |  | $ | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | 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 |  | $ | -
﻿
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 nonrecurring basis at December 31, 2018 and 2017, 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. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Quantitative Information about Level 3 Fair Value Measurements
﻿(Dollars in thousands) |  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range
﻿December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
﻿Nonrecurring measurements: |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Impaired loans |  | $ | 3,839 |  |  | Appraisal of collateral | 1 |  | Appraisal adjustments | 2 |  | 0% - 17%
﻿ |  |  |  |  |  |  |  |  | Liquidation expense | 2 |  | 0% - 10%
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Impaired loans |  | $ | 5,902 |  |  | Discounted cash flow analysis | 1 |  | Discount rate |  |  | 4% - 7.25%
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Other real estate owned |  | $ | 1,222 |  |  | Appraisal of collateral | 1 |  | Appraisal adjustments | 2 |  | 15% - 40%
﻿ |  |  |  |  |  |  |  |  | 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, 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%
﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  | (1) | Fair value is generally determined through independent appraisals of the underlying collateral (impaired loans and OREO) or discounted cash flow analyses (impaired loans), which generally include various level III inputs which are not identifiable.
﻿ |  |  |  |  | (2) | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
﻿
Schedule of Estimated Fair Values of Financial Assets and Liabilities | ﻿ The carrying amounts and estimated fair values of the Company’s financial instruments are presented in the following tables. Fair values for December 31, 2018 were estimated using an exit price notion in accordance with the prospective adoption of ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” Fair values for December 31, 2017 were estimated using the guidance in effect for that period, which permitted the use of an entry price notion in the compilation of this disclosure. ﻿ ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | December 31, 2018 |  | December 31, 2017
﻿ |  |  |  |  | Estimated |  |  |  |  | Estimated
﻿ |  | Carrying |  | Fair |  | Carrying |  | Fair
﻿(Dollars in thousands) |  | Amount |  | Value |  | Amount |  | Value
﻿Financial assets |  |  |  |  |  |  |  |  |  |  |  |
﻿Level 1 inputs |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents |  | $ | 67,225 |  | $ | 67,225 |  | $ | 31,820 |  | $ | 31,820
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Level 2 inputs |  |  |  |  |  |  |  |  |  |  |  |
﻿Investment securities held to maturity |  | $ | 6,043 |  | $ | 6,000 |  | $ | 6,247 |  | $ | 6,391
﻿Restricted securities |  |  | 6,476 |  |  | 6,476 |  |  | 3,735 |  |  | 3,735
﻿Cash surrender value on life insurance |  |  | 3,726 |  |  | 3,726 |  |  | 3,637 |  |  | 3,637
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Level 3 inputs |  |  |  |  |  |  |  |  |  |  |  |
﻿Loans, net |  |  | 1,185,012 |  |  | 1,150,418 |  |  | 1,083,733 |  |  | 1,072,951
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
﻿Level 2 inputs |  |  |  |  |  |  |  |  |  |  |  |
﻿Deposits: |  |  |  |  |  |  |  |  |  |  |  |
﻿Noninterest-bearing demand |  | $ | 330,466 |  | $ | 330,466 |  | $ | 328,322 |  | $ | 328,322
﻿Checking plus interest |  |  | 239,809 |  |  | 239,809 |  |  | 231,898 |  |  | 231,898
﻿Money market |  |  | 232,613 |  |  | 232,613 |  |  | 223,123 |  |  | 223,123
﻿Savings |  |  | 148,723 |  |  | 148,723 |  |  | 156,623 |  |  | 156,623
﻿Club |  |  | 387 |  |  | 387 |  |  | 398 |  |  | 398
﻿Brokered Deposits |  |  | 22,084 |  |  | 22,075 |  |  | - |  |  | -
﻿Certificates of deposit, $100,000 or more |  |  | 97,905 |  |  | 96,435 |  |  | 107,343 |  |  | 105,691
﻿Other time |  |  | 140,354 |  |  | 136,292 |  |  | 155,074 |  |  | 151,339
﻿Short-term borrowings |  |  | 60,812 |  |  | 60,812 |  |  | 21,734 |  |  | 21,734
﻿Long-term borrowings |  |  | 15,000 |  |  | 15,012 |  |  | - |  |  | -
﻿

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