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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2019
PARENT COMPANY FINANCIAL INFORMATION [Abstract] |
PARENT COMPANY FINANCIAL INFORMATION | 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) |  | 2019 |  | 2018
Assets |  |  |  |  |  |
Cash |  | $ | 7,522 |  | $ | 26,583
Investment securities available for sale, at fair value |  |  | — |  |  | 918
Investment in subsidiaries |  |  | 183,183 |  |  | 157,855
Premises and equipment, net |  |  | — |  |  | 3,772
Other assets |  |  | 2,483 |  |  | 1,593
Total assets |  | $ | 193,188 |  | $ | 190,721
Liabilities |  |  |  |  |  |
Accrued interest payable |  | $ | — |  | $ | 1
Other liabilities |  |  | 386 |  |  | 6,494
Short-term borrowings |  |  | — |  |  | 1,041
Total liabilities |  |  | 386 |  |  | 7,536
Stockholders’ equity |  |  |  |  |  |
Common stock |  |  | 125 |  |  | 127
Additional paid in capital |  |  | 61,045 |  |  | 65,434
Retained earnings |  |  | 131,425 |  |  | 120,574
Accumulated other comprehensive income (loss) |  |  | 207 |  |  | (2,950)
Total stockholders’ equity |  |  | 192,802 |  |  | 183,185
Total liabilities and stockholders’ equity |  | $ | 193,188 |  | $ | 190,721
Condensed Statements of Income For the Years Ended December 31,
(Dollars in thousands) |  | 2019 |  | 2018
Income |  |  |  |  |  |
Dividends from subsidiaries |  | $ | — |  | $ | 4,000
Management and other fees from subsidiaries |  |  | 498 |  |  | 2,535
Gain on sale of subsidiary |  |  | — |  |  | 12,736
Other operating income |  |  | 66 |  |  | 30
Total income |  |  | 564 |  |  | 19,301
Expenses |  |  |  |  |  |
Interest expense |  |  | 22 |  |  | 54
Salaries and employee benefits |  |  | 111 |  |  | 1,626
Occupancy and equipment expense |  |  | — |  |  | 106
Other operating expenses |  |  | 932 |  |  | 1,274
Total expenses |  |  | 1,065 |  |  | 3,060
(Loss) income before income tax (benefit) expense and equity in |  |  |  |  |  |
undistributed net income of subsidiaries |  |  | (501) |  |  | 16,241
Income tax (benefit) expense |  |  | (131) |  |  | 4,298
(Loss) income before equity in undistributed net income of subsidiaries |  |  | (370) |  |  | 11,943
Equity in undistributed net income of subsidiaries |  |  | 16,568 |  |  | 13,054
Net income |  | $ | 16,198 |  | $ | 24,997
Condensed Statements of Cash Flows For the Years Ended December 31,
(Dollars in thousands) |  | 2019 |  | 2018
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 16,198 |  | $ | 24,997
Adjustments to reconcile net income to cash |  |  |  |  |  |
provided by operating activities: |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (16,568) |  |  | (13,054)
Depreciation and amortization |  |  | — |  |  | 469
Stock-based compensation expense |  |  | 149 |  |  | 447
Gain on sale of subsidiary |  |  | — |  |  | (12,736)
Net (increase) decrease in other assets |  |  | (1,093) |  |  | 1,001
Net (decrease) increase in other liabilities |  |  | (6,109) |  |  | 3,267
Net cash (used in) provided by operating activities |  |  | (7,423) |  |  | 4,391
Cash flows from investing activities: |  |  |  |  |  |
Proceeds from maturities and principal payments of |  |  |  |  |  |
investment securities available for sale |  |  | — |  |  | 187
Purchases of premises and equipment |  |  | — |  |  | (590)
Purchase of bank owned life insurance |  |  | (139) |  |  | —
Transfer to subsidiary |  |  | (571) |  |  | —
Cash of subsidiary retained upon disposal |  |  | — |  |  | 726
Proceeds from sale of subsidiary |  |  | — |  |  | 25,159
Net cash (used in) provided by investing activities |  |  | (710) |  |  | 25,482
Cash flows from financing activities: |  |  |  |  |  |
(Decrease) increase in short-term borrowings |  |  | (1,041) |  |  | 375
Common stock dividends paid |  |  | (5,347) |  |  | (4,079)
Retirement of common stock |  |  | (4,452) |  |  | —
Repurchase of shares for tax withholding on exercised options |  |  |  |  |  |
and vested restricted stock |  |  | (88) |  |  | (269)
Net cash used in financing activities |  |  | (10,928) |  |  | (3,973)
Net (decrease) increase in cash and cash equivalents |  |  | (19,061) |  |  | 25,900
Cash and cash equivalents at beginning of year |  |  | 26,583 |  |  | 683
Cash and cash equivalents at end of year |  | $ | 7,522 |  | $ | 26,583
Supplemental cash flow information: |  |  |  |  |  |
Transfer of building, available for sale securities and other assets to banking subsidiary |  | $ | 5,032 |  | $ | —

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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/disclosureRef -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 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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