XML 126 R113.htm IDEA: XBRL DOCUMENT v3.3.1.900
PARENT COMPANY FINANCIAL INFORMATION (Details 2) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:                              
Net income (loss) $ 2,163 $ 1,909 $ 1,627 $ 1,409 $ 1,226 $ 1,262 $ 1,305 $ 1,258 $ 1,175 $ (11,392) $ 361 $ 222 $ 7,108 $ 5,051 $ (9,634)
Adjustments to reconcile net (income) loss to cash provided by operating activities:                              
Stock-based compensation expense                         283 87 78
Excess tax benefit from stock-based arrangements                         (3) 0 (26)
Net (increase) decrease in other assets                         (870) 170 4,703
Net increase (decrease) in other liabilities                         (15) (1,044) (1,458)
Net cash provided by operating activities                         15,115 13,179 19,847
Cash flows from investing activities:                              
Proceeds from maturities and principal payments of investment securities available for sale                         0 988 40,351
Purchases of premises and equipment                         (1,518) (2,077) (545)
Net cash provided by (used in) investing activities                         (65,348) (89,528) 30,450
Cash flows from financing activities:                              
Excess tax benefit from stock-based arrangements                         3 0 26
Proceeds from issuance of common stock                         0 31,279 0
Common stock dividends paid                         (506) 0 0
Net cash (used in) provided by financing activities                         27,821 41,482 (119,400)
Net (decrease) increase in cash and cash equivalents                         (22,412) (34,867) (69,103)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR       96,223       131,090       200,193 96,223 131,090 200,193
CASH AND CASH EQUIVALENTS AT END OF YEAR 73,811       96,223       131,090       73,811 96,223 131,090
Shore Bancshares [Member]                              
Cash flows from operating activities:                              
Net income (loss)                         7,108 5,051 (9,634)
Adjustments to reconcile net (income) loss to cash provided by operating activities:                              
Equity in undistributed net (income) loss of subsidiaries                         (6,184) (5,030) 11,219
Depreciation and amortization                         336 379 386
Stock-based compensation expense                         283 87 78
Excess tax benefit from stock-based arrangements                         (3) 0 (26)
Net (increase) decrease in other assets                         (1,108) (121) 128
Net increase (decrease) in other liabilities                         328 271 (53)
Net cash provided by operating activities                         760 637 2,098
Cash flows from investing activities:                              
Proceeds from maturities and principal payments of investment securities available for sale                         1,418 442 0
Purchases of securities                         (4,054) (10,112) 0
Purchases of premises and equipment                         (672) (632) (307)
Cash received from merged subsidiary                         3,349    
Investment in subsidiaries                         0 (20,000) (1,650)
Net cash provided by (used in) investing activities                         41 (30,302) (1,957)
Cash flows from financing activities:                              
Repayment of long-term debt                         (500) (500) 0
Excess tax benefit from stock-based arrangements                         3 0 26
Proceeds from issuance of common stock                         0 31,279 0
Common stock dividends paid                         (506) 0 0
Net cash (used in) provided by financing activities                         (1,003) 30,779 26
Net (decrease) increase in cash and cash equivalents                         (202) 1,114 167
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR       $ 2,101       $ 987       $ 820 2,101 987 820
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 1,899       $ 2,101       $ 987       $ 1,899 $ 2,101 $ 987