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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
PARENT COMPANY FINANCIAL INFORMATION | PARENT COMPANY FINANCIAL INFORMATION The following tables provide condensed financial information for Shore Bancshares, Inc. (Parent Company Only) at and for the years ending December 31, 2023 and 2022. Condensed Balance Sheets
(Dollars in thousands) |  | December 31, 2023 |  | December 31, 2022
Assets |  |  |  |
Cash |  | $ | 7,345 |  |  | $ | 7,145 |
Investment in subsidiaries |  | 571,298 |  |  | 396,897 |
Other assets |  | 7,926 |  |  | 5,392 |
Total assets |  | $ | 586,569 |  |  | $ | 409,434 |
Liabilities |  |  |  |
Accrued interest payable |  | $ | 1,050 |  |  | $ | 744 |
Other liabilities |  | 2,087 |  |  | 1,333 |
Long-term debt |  | 72,297 |  |  | 43,072 |
Total liabilities |  | 75,434 |  |  | 45,149 |
Stockholders’ equity |  |  |  |
Common stock |  | 332 |  |  | 199 |
Additional paid in capital |  | 356,007 |  |  | 201,494 |
Retained earnings |  | 162,290 |  |  | 171,613 |
Accumulated other comprehensive (loss) |  | (7,494) |  |  | (9,021) |
Total stockholders’ equity |  | 511,135 |  |  | 364,285 |
Total liabilities and stockholders’ equity |  | $ | 586,569 |  |  | $ | 409,434 |
Condensed Statements of Income
|  | For the Year Ended
(Dollars in thousands) |  | December 31, 2023 |  | December 31, 2022 |  |
Income |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 22,000 |  |  | $ | 5,500 |  |  |
Company owned life insurance income |  | 141 |  |  | 67 |  |  |
Bargain purchase gain |  | 8,816 |  |  | — |  |  |
Total income |  | 30,957 |  |  | 5,567 |  |  |
Expenses |  |  |  |  |  |
Interest expense |  | 4,454 |  |  | 2,451 |  |  |
Salaries and employee benefits |  | 358 |  |  | 324 |  |  |
Occupancy and equipment expense |  | 1 |  |  | — |  |  |
Legal and professional fees, including merger expenses |  | 5,164 |  |  | 1,654 |  |  |
Other operating expenses |  | 775 |  |  | 540 |  |  |
Total expenses |  | 10,752 |  |  | 4,969 |  |  |
Income before income tax (benefit) and equity (deficit) in undistributed net income of subsidiaries |  | 20,205 |  |  | 598 |  |  |
Income tax (benefit) |  | (1,557) |  |  | (1,059) |  |  |
Income before (deficit) equity in undistributed net income of subsidiaries |  | 21,762 |  |  | 1,657 |  |  |
Equity (deficit) in undistributed net income of subsidiaries |  | (10,534) |  |  | 29,520 |  |  |
Net income |  | $ | 11,228 |  |  | $ | 31,177 |  |  |
Condensed Statements of Cash Flows
|  | For the Year Ended
(Dollars in thousands) |  | December 31, 2023 |  | December 31, 2022 |  |
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 11,228 |  |  | $ | 31,177 |  |  |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |  |
Deficit (equity) in undistributed net income of subsidiaries |  | 10,534 |  |  | (29,521) |  |  |
Bargain purchase gain |  | (8,816) |  |  | — |  |  |
Amortization of debt issuance costs |  | 122 |  |  | 122 |  |  |
Stock-based compensation expense |  | 1,174 |  |  | 636 |  |  |
Company owned life insurance income |  | (141) |  |  | (67) |  |  |
Acquisition accounting adjustments |  | 557 |  |  | 188 |  |  |
Net (increase) decrease in other assets |  | (1,267) |  |  | 387 |  |  |
Net (decrease) increase in other liabilities |  | (682) |  |  | 275 |  |  |
Net cash provided by operating activities |  | 12,709 |  |  | 3,197 |  |  |
Cash flows from investing activities: |  |  |  |  |  |
Purchase of company owned life insurance |  | (249) |  |  | — |  |  |
Cash acquired in the acquisition of TCFC, net of cash paid |  | 88 |  |  | — |  |  |
Net cash (used in) investing activities |  | (161) |  |  | — |  |  |
Cash flows from financing activities: |  |  |  |  |  |
Common stock dividends paid |  | (12,733) |  |  | (9,530) |  |  |
Issuance of common stock |  | 385 |  |  | 386 |  |  |
Net cash (used in) financing activities |  | (12,348) |  |  | (9,144) |  |  |
Net increase (decrease) in cash and cash equivalents |  | 200 |  |  | (5,947) |  |  |
Cash and cash equivalents at beginning of year |  | 7,145 |  |  | 13,092 |  |  |
Cash and cash equivalents at end of year |  | $ | 7,345 |  |  | $ | 7,145 |  |  |

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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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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