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Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Schedule of Financing Receivables

The following table provides information about the principal classes of the loan portfolio at March 31, 2025 and December 31, 2024.

($ in thousands)						March 31, 2025						% of Total Loans						December 31, 2024						% of Total Loans
Commercial real estate						$	2,544,107					53.2		%				$	2,557,806					53.6		%
Residential real estate						1,325,858						27.8						1,329,406						27.9
Construction						366,218						7.7						335,999						7.0
Commercial						234,499						4.9						237,932						5.0
Consumer						300,007						6.3						303,746						6.4
Credit cards						6,800						0.1						7,099						0.1
Total loans						4,777,489						100.0		%				4,771,988						100.0		%
Allowance for credit losses on loans						(58,042)												(57,910)
Total loans, net						$	4,719,447											$	4,714,078

Summary of Financing Receivable, Nonaccrual

The following tables provide information on amortized cost basis on nonaccrual loans by loan class as of March 31, 2025 and December 31, 2024.

($ in thousands)						Nonaccrual With No Allowance For Credit Loss						Nonaccrual With An Allowance For Credit Loss						Total Nonaccrual Loans
March 31, 2025
Nonaccrual loans:
Commercial real estate						$	3,283					$	2,135					$	5,418
Residential real estate						7,558						418						7,976
Construction						345						—						345
Commercial						405						961						1,366
Consumer						276						—						276
Credit cards						—						21						21
Total						$	11,867					$	3,535					$	15,402
Interest income						$	191					$	58					$	249

($ in thousands)						Nonaccrual With No Allowance For Credit Loss						Nonaccrual With An Allowance For Credit Loss						Total Nonaccrual Loans
December 31, 2024
Nonaccrual loans:
Commercial real estate						$	8,192					$	2,194					$	10,386
Residential real estate						6,741						873						7,614
Construction						360						—						360
Commercial						458						549						1,007
Consumer						761						712						1,473
Credit cards						—						168						168
Total						$	16,512					$	4,496					$	21,008
Interest income						$	274					$	65					$	339

($ in thousands)						Nonaccrual Delinquent Loans						Nonaccrual Current Loans						Total Nonaccrual Loans
March 31, 2025
Nonaccrual loans:
Commercial real estate						$	701					$	4,717					$	5,418
Residential real estate						4,976						3,000						7,976
Construction						345						—						345
Commercial						216						1,150						1,366
Consumer						248						28						276
Credit cards						—						21						21
Total						$	6,486					$	8,916					$	15,402

($ in thousands)						Nonaccrual Delinquent Loans						Nonaccrual Current Loans						Total Nonaccrual Loans
December 31, 2024
Nonaccrual loans:
Commercial real estate						$	7,268					$	3,118					$	10,386
Residential real estate						3,979						3,635						7,614
Construction						360						—						360
Commercial						70						937						1,007
Consumer						1,431						42						1,473
Credit cards						146						22						168
Total						$	13,254					$	7,754					$	21,008

Summary of Financing Receivable Credit Quality Indicators

The following table provides information on loan risk ratings as of March 31, 2025 and gross write-offs during the three months ended March 31, 2025.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2021						2022						2023						2024						2025
March 31, 2025
Commercial real estate
Pass						$	1,086,053					$	416,624					$	543,786					$	252,723					$	136,600					$	45,532					$	26,176					$	—					$	2,507,494
Special mention						7,435						2,945						19,752						—						—						—						355						—						30,487
Substandard						2,670						2,899						—						—						—						—						557						—						6,126
Total						$	1,096,158					$	422,468					$	563,538					$	252,723					$	136,600					$	45,532					$	27,088					$	—					$	2,544,107
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Residential real estate
Pass						$	354,826					$	209,479					$	290,361					$	221,305					$	102,520					$	14,345					$	122,175					$	64					$	1,315,075
Special mention						2,020						—						—						—						—						—						—						—						2,020
Substandard						5,581						1,579						284						881						—						—						438						—						8,763
Total						$	362,427					$	211,058					$	290,645					$	222,186					$	102,520					$	14,345					$	122,613					$	64					$	1,325,858
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Construction
Pass						$	37,068					$	8,240					$	56,341					$	59,151					$	154,069					$	24,141					$	26,459					$	187					$	365,656
Special mentions						—						217						—						—						—						—						—						—						217
Substandard						345						—						—						—						—						—						—						—						345
Total						$	37,413					$	8,457					$	56,341					$	59,151					$	154,069					$	24,141					$	26,459					$	187					$	366,218
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial
Pass						$	33,367					$	36,453					$	26,437					$	29,006					$	36,469					$	5,338					$	62,808					$	431					$	230,309
Special mention						165						—						39						—						—						—						528						—						732
Substandard						650						6						1,517						925						—						—						360						—						3,458
Total						$	34,182					$	36,459					$	27,993					$	29,931					$	36,469					$	5,338					$	63,696					$	431					$	234,499
Gross charge-offs						$	(2)					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	(2)
Consumer
Pass						$	11,098					$	57,447					$	109,068					$	56,232					$	46,983					$	17,776					$	682					$	—					$	299,286
Special mention						—						—						—						—						—						—						—						—						—
Substandard						—						40						123						558						—						—						—						—						721
Total						$	11,098					$	57,487					$	109,191					$	56,790					$	46,983					$	17,776					$	682					$	—					$	300,007
Gross charge-offs						$	(140)					$	(34)					$	(287)					$	(17)					$	—					$	—					$	(4)					$	—					$	(482)
Total
Pass						$	1,522,412					$	728,243					$	1,025,993					$	618,417					$	476,641					$	107,132					$	238,300					$	682					$	4,717,820
Special mention						9,620						3,162						19,791						—						—						—						883						—						33,456
Substandard						9,246						4,524						1,924						2,364						—						—						1,355						—						19,413
Total loans by risk category						$	1,541,278					$	735,929					$	1,047,708					$	620,781					$	476,641					$	107,132					$	240,538					$	682					$	4,770,689
Total gross charge-offs						$	(142)					$	(34)					$	(287)					$	(17)					$	—					$	—					$	(4)					$	—					$	(484)

The following table presents the amortized cost in credit card loans based on performing status and gross charge-off as of March 31, 2025 and gross write-offs during the three months ended March 31, 2025. Nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2021						2022						2023						2024						2025
March 31, 2025
Credit cards
Performing						$	—					$	—					$	—					$	—					$	—					$	—					$	6,779					$	—					$	6,779
Nonperforming						—						—						—						—						—						—						21						—						21
Total						$	—					$	—					$	—					$	—					$	—					$	—					$	6,800					$	—					$	6,800
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(242)					$	—					$	(242)
Total loans evaluated by performing status						$	—					$	—					$	—					$	—					$	—					$	—					$	6,800					$	—					$	6,800
Total gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(242)					$	—					$	(242)
Total recorded investment						$	1,541,278					$	735,929					$	1,047,708					$	620,781					$	476,641					$	107,132					$	247,338					$	682					$	4,777,489

Summary of Aging of Loan Portfolio

The following table provides information on loan risk ratings as of December 31, 2024 and gross write-offs during the year ended December 31, 2024.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2020						2021						2022						2023						2024
December 31, 2024
Commercial real estate
Pass						$	822,391					$	297,098					$	435,084					$	534,936					$	250,482					$	136,891					$	24,966					$	14,084					$	2,515,932
Special mention						7,514						—						2,964						19,746						—						—						417						—						$	30,641
Substandard						7,684						—						2,991						—						—						—						558						—						11,233
Total						$	837,589					$	297,098					$	441,039					$	554,682					$	250,482					$	136,891					$	25,941					$	14,084					$	2,557,806
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Residential real estate
Pass						$	291,306					$	78,568					$	211,938					$	295,402					$	220,753					$	101,005					$	119,367					$	613					$	1,318,952
Special mention						1,529						518						—						—						—						—						—						—						2,047
Substandard						5,414						—						1,342						290						885						—						476						—						8,407
Total						$	298,249					$	79,086					$	213,280					$	295,692					$	221,638					$	101,005					$	119,843					$	613					$	1,329,406
Gross charge-offs						$	(1)					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	(1)
Construction
Pass						$	31,884					$	8,191					$	8,628					$	56,685					$	70,232					$	131,383					$	26,785					$	1,851					$	335,639
Special mentions						—						—						—						—						—						—						—						—						—
Substandard						360						—						—						—						—						—						—						—						360
Total						$	32,244					$	8,191					$	8,628					$	56,685					$	70,232					$	131,383					$	26,785					$	1,851					$	335,999
Gross charge-offs						$	—					$	—					$	(12)					$	—					$	—					$	—					$	—					$	—					$	(12)
Commercial
Pass						$	25,214					$	11,088					$	40,817					$	29,142					$	29,458					$	39,489					$	57,982					$	874					$	234,064
Special mention						116						—						—						—						—						—						703						11						830
Substandard						515						—						8						1,257						500						—						257						501						3,038
Total						$	25,845					$	11,088					$	40,825					$	30,399					$	29,958					$	39,489					$	58,942					$	1,386					$	237,932
Gross charge-offs						$	(54)					$	(11)					$	—					$	(56)					$	(69)					$	—					$	—					$	—					$	(190)
Consumer
Pass						$	1,315					$	10,469					$	60,718					$	114,639					$	61,652					$	52,798					$	682					$	—					$	302,273
Special mention						—						—						—						—						—						—						—						—						—
Substandard						2						—						48						860						563						—						—						—						1,473
Total						$	1,317					$	10,469					$	60,766					$	115,499					$	62,215					$	52,798					$	682					$	—					$	303,746
Gross charge-offs						$	(1,287)					$	(12)					$	(389)					$	(1,764)					$	(177)					$	—					$	(17)					$	—					$	(3,646)
Total
Pass						$	1,172,110					$	405,414					$	757,185					$	1,030,804					$	632,577					$	461,566					$	229,782					$	17,422					$	4,706,860
Special mention						9,159						$	518					$	2,964					$	19,746					$	—					$	—					$	1,120					$	11					33,518
Substandard						13,975						—						4,389						2,407						1,948						—						1,291						501						24,511
Total loans by risk category						$	1,195,244					$	405,932					$	764,538					$	1,052,957					$	634,525					$	461,566					$	232,193					$	17,934					$	4,764,889
Total gross charge-offs						$	(1,342)					$	(23)					$	(401)					$	(1,820)					$	(246)					$	—					$	(17)					$	—					$	(3,849)

The following table presents the amortized cost in credit card loans based on performing status and gross charge-off as of December 31, 2024 and gross write-offs during the year ended December 31, 2024. Nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2020						2021						2022						2023						2024
December 31, 2024
Credit cards
Performing						$	—					$	—					$	—					$	—					$	—					$	—					$	6,931					$	—					$	6,931
Nonperforming						—						—						—						—						—						—						168						—						168
Total						$	—					$	—					$	—					$	—					$	—					$	—					$	7,099					$	—					$	7,099
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(584)					$	—					$	(584)
Total loans evaluated by performing status						$	—					$	—					$	—					$	—					$	—					$	—					$	7,099					$	—					$	7,099
Total gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(584)					$	—					$	(584)
Total recorded investment						$	1,195,244					$	405,932					$	764,538					$	1,052,957					$	634,525					$	461,566					$	239,292					$	17,934					$	4,771,988

The following tables provide information on the aging of the Company’s loan portfolio as of March 31, 2025 and December 31, 2024.

($ in thousands)						30‑59 Days Past Due						60‑89 Days Past Due						90 Days Past Due and Still Accruing						30-89 Days Past Due and Not Accruing						90 Days Past Due and Not Accruing						Total Past Due						Current Accrual Loans						Current Nonaccrual Loans						Total
March 31, 2025
Commercial real estate						$	1,079					$	353					$	147					$	475					$	226					$	2,280					$	2,537,110					$	4,717					$	2,544,107
Residential real estate						2,128						1,953						—						1,977						2,999						9,057						1,313,801						3,000						1,325,858
Construction						2,864						—						—						—						345						3,209						363,009						—						366,218
Commercial						—						59						—						194						22						275						233,074						1,150						234,499
Consumer						695						136						445						11						237						1,524						298,455						28						300,007
Credit cards						64						49						302						—						—						415						6,364						21						6,800
Total						$	6,830					$	2,550					$	894					$	2,657					$	3,829					$	16,760					$	4,751,813					$	8,916					$	4,777,489
Percent of total loans						0.1		%				0.1		%				0.0		%				0.1		%				0.1		%				0.4		%				99.4		%				0.2		%				100.0		%

($ in thousands)						30‑59 days Past Due						60‑89 Days Past Due						90 Days Past Due and Still Accruing						30-89 Days Past Due and Not Accruing						90 Days Past Due and Not Accruing						Total Past Due						Current Accrual Loans						Current Nonaccrual Loans						Total
December 31, 2024
Commercial real estate						$	75					$	—					$	—					$	2,328					$	4,940					$	7,343					$	2,547,345					$	3,118					$	2,557,806
Residential real estate						3,828						246						127						655						3,324						8,180						1,317,591						3,635						1,329,406
Construction						30						—						—						—						360						390						335,609						—						335,999
Commercial						152						2						—						—						70						224						236,771						937						237,932
Consumer						4,068						55						—						1,180						251						5,554						298,150						42						303,746
Credit cards						161						190						167						—						146						664						6,413						22						7,099
Total						$	8,314					$	493					$	294					$	4,163					$	9,091					$	22,355					$	4,741,879					$	7,754					$	4,771,988
Percent of total loans						0.2		%				0.0		%				0.0		%				0.1		%				0.2		%				0.5		%				99.3		%				0.2		%				100.0		%

Summary of Consolidated Allowance for Credit Losses on Financing Receivables

The following tables provide a summary of the activity in the ACL allocated by loan class for the three months ended March 31, 2025 and 2024. Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses from other loan classes.

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Three Months Ended March 31, 2025
Commercial real estate						$	22,846					$	—					$	78											$	(936)					$	21,988
Residential real estate						21,776						—						1												616						22,393
Construction						2,854						—						1												987						3,842
Commercial						3,138						(2)						6												(287)						2,855
Consumer						6,889						(482)						86												81						6,574
Credit card						407						(242)						—												225						390
Total						$	57,910					$	(726)					$	172											$	686					$	58,042

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Three Months Ended March 31, 2024
Commercial real estate						$	23,015					$	—					$	—											$	(2)					$	23,013
Residential real estate						19,909						(1)						2												(905)						19,005
Construction						3,935						(12)						2												(367)						3,558
Commercial						2,671						—						1												207						2,879
Consumer						7,601						(525)						76												1,530						8,682
Credit card						220						(116)						8												87						199
Total						$	57,351					$	(654)					$	89											$	550					$	57,336

Summary of Financing Receivable, Collateral Dependent Loans

The following tables present the amortized cost basis of collateral-dependent loans by loan portfolio segment.

						March 31, 2025
($ in thousands)						Real Estate Collateral						Other Collateral						Total
Commercial real estate						$	5,418					$	—					$	5,418
Residential real estate						7,976						—						7,976
Construction						345						—						345
Commercial						—						1,366						1,366
Consumer						—						276						276
Total						$	13,739					$	1,642					$	15,381

						December 31, 2024
($ in thousands)						Real Estate Collateral						Other Collateral						Total
Commercial real estate						$	10,386					$	—					$	10,386
Residential real estate						7,614						—						7,614
Construction						360						—						360
Commercial						—						1,007						1,007
Consumer						—						1,473						1,473
Total						$	18,360					$	2,480					$	20,840

Schedule of Servicing Assets at Fair Value

The following table presents activity in MSRs for the three months ended March 31, 2025.

($ in thousands)						Three Months Ended March 31, 2025
Beginning balance						$	5,874
Net additions						43
Amortization expense						(52)
Other						(330)
Ending balance						$	5,535

X

- Definition

Financing Receivable, Collateral Dependent Loans

+ References

No definition available.

+ Details

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Namespace Prefix:	shbi_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. This is a consolidation of different methods combined.

+ References

No definition available.

+ Details

Name:	shbi_ModifiedAllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	shbi_
Data Type:	dtr-types:textBlockItemType
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X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

+ Details

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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