Business Combination (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

(In thousands, except per share data)
Purchase Price Consideration:
Fair value of common shares issued (8,053,088 shares) based on Shore Bancshares, Inc. share price of $18.48	$	148,821
Cash consideration		20,631
Cash paid for cash-out Severn stock options		310
Cash for fractional shares		3
Total purchase price	$	169,765
Identifiable assets:
Cash and cash equivalents	$	326,725
Total securities		146,292
Loans held for sale		9,613
Loans, net		584,585
Premises and equipment, net		24,768
Other real estate owned		329
Core deposit intangible asset		6,550
Other assets		21,165
Total identifiable assets	$	1,120,027
Identifiable liabilities:
Deposits	$	955,288
Total debt		28,341
Other liabilities		12,537
Total identifiable liabilities	$	996,166
Provisional fair value of net assets acquired including identifiable intangible assets		123,861
Provisional resulting goodwill	$	45,904

Schedule of Contractually Required Payments Receivable

Contractually required payments receivable	$	46,833
Nonaccretable difference		(3,364)
Cash flows expected to be collected		43,469
Accretable yield		(5,667)
Fair value	$	37,802