PARENT COMPANY FINANCIAL INFORMATION (Table)

12 Months Ended

Dec. 31, 2016

PARENT COMPANY FINANCIAL INFORMATION [Abstract]

Condensed Balance Sheet, Parent Only

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

Condensed Balance Sheets
December 31,
(Dollars in thousands)	2016		2015
Assets
Cash	$	1,249	$	1,899
Investment securities		11,846		12,246
Investment in subsidiaries		137,078		129,353
Premises and equipment, net		3,547		3,598
Other assets		3,160		2,419
Total assets	$	156,880	$	149,515
Liabilities
Accrued interest payable	$	1	$	1
Other liabilities		1,737		1,204
Long-term debt		843		1,343
Total liabilities		2,581		2,548
Stockholders' equity
Common stock		127		126
Additional paid in capital		64,201		63,815
Retained earnings		90,964		83,097
Accumulated other comprehensive (loss)		(993)		(71)
Total stockholders' equity		154,299		146,967
Total liabilities and stockholders' equity	$	156,880	$	149,515

Condensed Statement of Operations, Parent Only

Condensed Statement of Operations
For the Years Ended December 31,
(Dollars in thousands)	2016		2015		2014
Income
Dividends from subsidiaries	$	1,230	$	1,045	$	200
Management and other fees from subsidiaries		8,960		8,723		7,933
Other income		278		228		110
Total income		10,468		9,996		8,243
Expenses
Interest expense		46		61		80
Salaries and employee benefits		6,296		5,536		5,321
Occupancy and equipment expense		327		325		541
Other operating expenses		2,739		3,215		2,387
Total expenses		9,408		9,137		8,329
Income (loss) before income tax benefit and equity in
undistributed net income (loss) of subsidiaries		1,060		859		(86)
Income tax benefit		(58)		(65)		(107)
Income before equity in undistributed net income of
subsidiaries		1,118		924		21
Equity in undistributed net income of subsidiaries		8,520		6,184		5,030
Net income	$	9,638	$	7,108	$	5,051

Condensed Cash Flow, Parent Only

Condensed Statements of Cash Flows
For the Years Ended December 31,
(Dollars in thousands)	2016		2015		2014
Cash flows from operating activities:
Net income	$	9,638	$	7,108	$	5,051
Adjustments to reconcile net (income) loss to cash
provided by operating activities:
Equity in undistributed net (income) loss of
subsidiaries		(8,520)		(6,184)		(5,030)
Depreciation and amortization		288		336		379
Stock-based compensation expense		334		283		87
Excess tax benefit from stock-based arrangements		(27)		(3)		-
Net (increase) in other assets		(669)		(1,108)		(121)
Net increase in other liabilities		533		328		271
Net cash provided by operating activities		1,577		760		637
Cash flows from investing activities:
Proceeds from maturities and principal payments of
investment securities available for sale		2,171		1,418		442
Purchases of securities		(2,032)		(4,054)		(10,112)
Purchases of premises and equipment		(175)		(672)		(632)
Cash received from merged subsidiary		-		3,349		-
Investment in subsidiaries		-		-		(20,000)
Net cash (used in) provided by investing activities		(36)		41		(30,302)
Cash flows from financing activities:
Repayment of long-term debt		(500)		(500)		(500)
Excess tax benefit from stock-based arrangements		27		3		-
Proceeds from issuance of common stock		53		-		31,279
Common stock dividends paid		(1,771)		(506)		-
Net cash (used in) provided by financing activities		(2,191)		(1,003)		30,779
Net (decrease) increase in cash and cash equivalents		(650)		(202)		1,114
Cash and cash equivalents at beginning of year		1,899		2,101		987
Cash and cash equivalents at end of year	$	1,249	$	1,899	$	2,101