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Deferred Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Deferred Compensation Arrangements [Abstract] |
Schedule of Deferred Compensation Arrangement | The following table provides information on Shore Bancshares, Inc.’s contributions and participant deferrals to the Executive Deferred Compensation Plan for 2023 and 2022 and the related deferred compensation liability.
(Dollars in thousands) |  | December 31, 2023 |  | December 31, 2022
Elective deferrals |  | $ | 273 |  |  | $ | 238 |
Deferred compensation liability |  | 1,576 |  |  | 948 |
Schedule of Deferred Compensation Arrangement in Other Assets and Other Liabilities | The unfunded SERP liability and cash surrender value were included in other liabilities and other assets, respectively.
(Dollars in thousands) |  | December 31, 2023 |  | December 31, 2022
Cash surrender value |  | $ | 98,140 |  |  | $ | 56,117 |
Deferred compensation liability - SERP |  | 12,869 |  |  | 4,177 |
SERP Expense |  | 1,405 |  |  | 1,063 |
The following table includes information on the deferred compensation liability and cash surrender value as of December 31, 2023 and December 31, 2022.
(Dollars in thousands) |  | December 31, 2023 |  | December 31, 2022
Deferred compensation liability |  | $ | 388 |  |  | $ | 450 |
Cash surrender value |  | 2,322 |  |  | 2,260 |

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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 No definition available. + 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 -Topic 710 -SubTopic 10 -Name Accounting Standards Codification -Section 30 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483043/710-10-30-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 25 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483070/710-10-25-11 + Details
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