XML 69 R48.htm IDEA: XBRL DOCUMENT v3.24.0.1
Deferred Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
Deferred Compensation Arrangements [Abstract]  
Schedule of Deferred Compensation Arrangement
The following table provides information on Shore Bancshares, Inc.’s contributions and participant deferrals to the Executive Deferred Compensation Plan for 2023 and 2022 and the related deferred compensation liability.
(Dollars in thousands)December 31, 2023December 31, 2022
Elective deferrals $273 $238 
Deferred compensation liability1,576 948 
Schedule of Deferred Compensation Arrangement in Other Assets and Other Liabilities The unfunded SERP liability and cash surrender value were included in other liabilities and other assets, respectively.
(Dollars in thousands)December 31, 2023December 31, 2022
Cash surrender value$98,140 $56,117 
Deferred compensation liability - SERP12,869 4,177 
SERP Expense1,405 1,063 
The following table includes information on the deferred compensation liability and cash surrender value as of December 31, 2023 and December 31, 2022.
(Dollars in thousands)December 31, 2023December 31, 2022
Deferred compensation liability$388 $450 
Cash surrender value2,322 2,260