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PARENT COMPANY FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
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)
 
2014
 
2013
 
Assets
 
 
 
 
 
 
 
Cash
 
$
2,101
 
$
987
 
Investment securities
 
 
9,723
 
 
-
 
Investment in subsidiaries
 
 
126,857
 
 
102,815
 
Premises and equipment, net
 
 
3,158
 
 
2,726
 
Other assets
 
 
1,329
 
 
1,284
 
Total assets
 
$
143,168
 
$
107,812
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Accrued interest payable
 
$
1
 
$
-
 
Deferred tax liability
 
 
-
 
 
1,628
 
Other liabilities
 
 
855
 
 
542
 
Long-term debt
 
 
1,843
 
 
2,343
 
Total liabilities
 
 
2,699
 
 
4,513
 
 
 
 
 
 
 
 
 
Stockholders’ equity
 
 
 
 
 
 
 
Common stock
 
 
126
 
 
85
 
Additional paid in capital
 
 
63,532
 
 
32,207
 
Retained earnings
 
 
76,495
 
 
71,444
 
Accumulated other comprehensive income (loss)
 
 
316
 
 
(437)
 
Total stockholders’ equity
 
 
140,469
 
 
103,299
 
 
 
 
 
 
 
 
 
Total liabilities and stockholders’ equity
 
$
143,168
 
$
107,812
 
Condensed Income Statement [Table Text Block]
Condensed Statements of Operations
 
For the Years Ended December 31,
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
2014
 
2013
 
2012
 
Income
 
 
 
 
 
 
 
 
 
 
Dividends from subsidiaries
 
$
200
 
$
2,163
 
$
3,154
 
Management and other fees from subsidiaries
 
 
7,933
 
 
6,226
 
 
5,692
 
Other income
 
 
110
 
 
31
 
 
180
 
Total income
 
 
8,243
 
 
8,420
 
 
9,026
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
80
 
 
88
 
 
107
 
Salaries and employee benefits
 
 
5,321
 
 
4,447
 
 
4,188
 
Occupancy and equipment expense
 
 
541
 
 
508
 
 
463
 
Other operating expenses
 
 
2,387
 
 
1,853
 
 
1,529
 
Total expenses
 
 
8,329
 
 
6,896
 
 
6,287
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income before income tax benefit and equity in undistributed net income (loss) of subsidiaries
 
 
(86)
 
 
1,524
 
 
2,739
 
Income tax benefit
 
 
(107)
 
 
(61)
 
 
(58)
 
Income before equity in undistributed net income (loss) of subsidiaries
 
 
21
 
 
1,585
 
 
2,797
 
 
 
 
 
 
 
 
 
 
 
 
Equity in undistributed net income (loss) of subsidiaries
 
 
5,030
 
 
(11,219)
 
 
(12,435)
 
Net income (loss)
 
$
5,051
 
$
(9,634)
 
$
(9,638)
 
Condensed Cash Flow Statement [Table Text Block]
Condensed Statements of Cash Flows
For the Years Ended December 31,
 
(Dollars in thousands)
 
2014
 
2013
 
2012
 
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
5,051
 
$
(9,634)
 
$
(9,638)
 
Adjustments to reconcile net (income) loss to cash provided by operating activities:
 
 
 
 
 
 
 
 
 
 
Equity in undistributed net (income) loss of subsidiaries
 
 
(5,030)
 
 
11,219
 
 
12,435
 
Depreciation and amortization
 
 
379
 
 
386
 
 
367
 
Stock-based compensation expense
 
 
87
 
 
78
 
 
209
 
Excess tax benefit from stock-based arrangements
 
 
-
 
 
(26)
 
 
(106)
 
Net (increase) decrease in other assets
 
 
(121)
 
 
128
 
 
(246)
 
Net increase (decrease) in other liabilities
 
 
271
 
 
(53)
 
 
(423)
 
Net cash provided by operating activities
 
 
637
 
 
2,098
 
 
2,598
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
Proceeds from sale of securities
 
 
442
 
 
-
 
 
-
 
Purchases of securities
 
 
(10,112)
 
 
-
 
 
-
 
Purchases of premises and equipment
 
 
(632)
 
 
(307)
 
 
(108)
 
Investment in subsidiaries
 
 
(20,000)
 
 
(1,650)
 
 
(2,000)
 
Net cash used in investing activities
 
 
(30,302)
 
 
(1,957)
 
 
(2,108)
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
Repayment of long-term debt
 
 
(500)
 
 
-
 
 
(1,007)
 
Excess tax benefit from stock-based arrangements
 
 
-
 
 
26
 
 
106
 
Proceeds from issuance of common stock
 
 
31,279
 
 
-
 
 
-
 
Common stock dividends paid
 
 
-
 
 
-
 
 
(85)
 
Net cash provided by (used in) financing activities
 
 
30,779
 
 
26
 
 
(986)
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
 
 
1,114
 
 
167
 
 
(496)
 
Cash and cash equivalents at beginning of year
 
 
987
 
 
820
 
 
1,316
 
Cash and cash equivalents at end of year
 
$
2,101
 
$
987
 
$
820