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Deferred Compensation (Tables) | 12 Months Ended
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Dec. 31, 2020
Schedule of Deferred Compensation Arrangement | The following table provides information on Shore Bancshares, Inc.’s contributions and participant deferrals to the Plan for 2020 and 2019 and the related deferred compensation liability at December 31, 2020 and 2019. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | 2020 |  | 2019
Deferred compensation contribution | ​ | $ | — | ​ | $ | —
Elective deferrals | ​ | ​ | 319 | ​ | ​ | 133
Deferred compensation liability | ​ | ​ | 614 | ​ | ​ | 363
SERP Plan |
Schedule of Deferred Compensation Arrangement in Other Assets and Other Liabilities | During 2019, the Company introduced a new SERP plan for executive officers of the Company and the Bank. The related liability is unfunded; however, BOLI was purchased in order to offset the benefit costs. The following table provides information on the expense recognized during the years ended December 31, 2020 and 2019, as well as the balance of the unfunded SERP liability and the cash surrender value of policies purchased to offset the SERP benefit costs as of December 31, 2020 and 2019. The unfunded SERP liability and cash surrender value were included in other liabilities and other assets, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | 2020 |  | 2019
Cash surrender value | ​ | $ | 27,501 | ​ | $ | 26,721
Deferred compensation liability - SERP | ​ |  | 1,659 | ​ |  | 347
SERP Expense | ​ | ​ | 1,422 | ​ | ​ | 347
Former Directors from CNB |
Schedule of Deferred Compensation Arrangement in Other Assets and Other Liabilities | The following table includes information on the deferred compensation liability and cash surrender value at December 31, 2020 and 2019. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) | ​ | 2020 | ​ | 2019
Deferred compensation liability | ​ | $ | 631 | ​ | $ | 691
Cash surrender value | ​ | ​ | 2,979 | ​ | ​ | 2,919

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Tabular disclosure of arrangements with individual employees that are not equity-based payments or pensions and other postretirement benefits, which are generally employment contracts between the entity and selected officers or key employees containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Examples may include profit sharing, deferred bonuses or certain split-dollar life insurance arrangements. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period and the carrying amount as of the balance sheet date of the related liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 30 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6409875&loc=d3e20015-108363 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 25 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6409733&loc=d3e19524-108361 + Details
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