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PARENT COMPANY FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Financial Statements [Table Text Block]

The following tables provide condensed financial information for Shore Bancshares, Inc. (Parent Company Only).

 

Condensed Balance Sheets

December 31,

 

(Dollars in thousands)   2012     2011  
Assets                
Cash   $ 820     $ 1,316  
Investment in subsidiaries     113,529       121,567  
Premises and equipment, net     2,616       2,711  
Other assets     1,196       1,519  
Total assets   $ 118,161     $ 127,113  
                 
Liabilities                
Accrued interest payable   $ 1     $ 91  
Deferred tax liability     1,687       1,383  
Other liabilities     104       1,040  
Long-term debt     2,343       3,350  
Total liabilities     4,135       5,864  
                 
Stockholders’ equity                
Common stock     85       85  
Additional paid in capital     32,155       32,052  
Retained earnings     81,078       90,801  
Accumulated other comprehensive income (loss)     708       (1,689 )
Total stockholders’ equity     114,026       121,249  
                 
Total liabilities and stockholders’ equity   $ 118,161     $ 127,113  
Schedule of Condensed Income Statement [Table Text Block]

Condensed Statements of Operations

For the Years Ended December 31,

 

(Dollars in thousands)   2012     2011     2010  
Income                        
Dividends from subsidiaries   $ 3,154     $ 1,519     $ 2,786  
Management and other fees from subsidiaries     5,692       5,783       6,095  
Other income     177       245       70  
Interest income     3       6       1  
Total income     9,026       7,553       8,952  
                         
Expenses                        
Interest expense     107       154       172  
Salaries and employee benefits     4,188       3,977       4,120  
Occupancy and equipment expense     463       471       494  
Other operating expenses     1,529       1,360       1,499  
Total expenses     6,287       5,962       6,285  
                         
Income before income tax expense and equity in undistributed net loss of subsidiaries     2,739       1,591       2,667  
Income tax (benefit) expense     (58 )     (190 )     151  
Income before equity in undistributed net loss of subsidiaries     2,797       1,781       2,516  
                         
Equity in undistributed net loss of subsidiaries     (12,435 )     (2,678 )     (4,183 )
Net loss   $ (9,638 )   $ (897 )   $ (1,667 )
Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows

For the Years Ended December 31,

 

(Dollars in thousands)   2012     2011     2010  
Cash flows from operating activities:                        
Net loss   $ (9,638 )   $ (897 )   $ (1,667 )
Adjustments to reconcile net loss to cash provided by operating activities:                        
Equity in undistributed net loss of subsidiaries     12,435       2,678       4,183  
Depreciation and amortization     367       404       414  
Stock-based compensation expense     209       338       390  
Excess tax expense from stock-based arrangements     (106 )     (45 )     (20 )
Net decrease (increase) in other assets     159       (253 )     129  
Net (decrease) increase in other liabilities     (828 )     (99 )     406  
Net cash provided by operating activities     2,598       2,126       3,835  
                         
Cash flows from investing activities:                        
Purchases of premises and equipment     (108 )     (57 )     (109 )
Investment in unconsolidated subsidiary     -       (25 )     (25 )
Investment in subsidiaries     (2,000 )     (550 )     -  
Net cash used in investing activities     (2,108 )     (632 )     (134 )
                         
Cash flows from financing activities:                        
Net decrease in short-term borrowings     -       -       (3,378 )
Proceeds from long-term debt     -       -       3,200  
Repayment of long-term debt     (1,007 )     (782 )     (497 )
Excess tax expense from stock-based arrangements     106       45       20  
Repurchase of warrant     -       (25 )     -  
Common stock dividends paid     (85 )     (760 )     (2,026 )
Net cash used in financing activities     (986 )     (1,522 )     (2,681 )
                         
Net (decrease) increase in cash and cash equivalents     (496 )     (28 )     1,020  
Cash and cash equivalents at beginning of year     1,316       1,344       324  
Cash and cash equivalents at end of year   $ 820     $ 1,316     $ 1,344