SHORE BANCSHARES INC
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
SHBI$22.85-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at (unaudited) and
CONSOLIDATED BALANCE SHEETS
| ($ in thousands, except per share data) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| ASSETS · (Unaudited) | ||
| Cash and due from banks | $62,289 | $44,008 |
| Interest-bearing deposits with other banks | 354,224 | 415,843 |
| Cash and cash equivalents | 416,513 | 459,851 |
| Investment securities: | ||
| Available for sale, at fair value (amortized cost of $188,267 and $159,593 at September 30, 2025 and December 31, 2024, respectively) | 181,720 | 149,212 |
| Held to maturity, net of allowance for credit losses of $95 and $203 (fair value of $393,540 and $424,734 at September 30, 2025 and December 31, 2024, respectively) | 433,440 | 481,077 |
| Equity securities, at fair value | 6,113 | 5,814 |
| Restricted securities, at cost | 20,364 | 20,253 |
| Loans held for sale, at fair value | 21,500 | 19,606 |
| Loans held for investment | 4,882,969 | 4,771,988 |
| Less: allowance for credit losses | (59,554) | (57,910) |
| Loans, net | 4,823,415 | 4,714,078 |
| Premises and equipment, net | 80,812 | 81,806 |
| Goodwill | 63,266 | 63,266 |
| Other intangible assets, net | 31,722 | 38,311 |
| Mortgage servicing rights | 5,293 | 5,874 |
| Right-of-use assets | 10,896 | 11,385 |
| Cash surrender value on life insurance | 105,055 | 104,421 |
| Accrued interest receivable | 20,408 | 19,570 |
| Deferred income taxes | 30,328 | 31,857 |
| Other assets | 27,634 | 24,382 |
| TOTAL ASSETS | $6,278,479 | $6,230,763 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $1,594,212 | $1,562,815 |
| Interest-bearing checking | 851,963 | 978,076 |
| Money market and savings | 1,790,001 | 1,805,884 |
| Time deposits | 1,281,132 | 1,181,561 |
| Brokered deposits | 10,857 | — |
| Total deposits | 5,528,165 | 5,528,336 |
| FHLB advances | 50,000 | 50,000 |
| Guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”), net | 30,085 | 29,847 |
| Subordinated debt, net | 44,409 | 43,870 |
| Total borrowings | 124,494 | 123,717 |
| Lease liabilities | 11,395 | 11,844 |
| Other liabilities | 37,218 | 25,800 |
| TOTAL LIABILITIES | 5,701,272 | 5,689,697 |
| COMMITMENTS AND CONTINGENCIES (Note 13) | ||
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.01 par value per share; shares authorized 50,000,000; shares issued and outstanding 33,421,672 and 33,332,177 at September 30, 2025 and December 31, 2024, respectively | 334 | 333 |
| Additional paid in capital | 359,939 | 358,112 |
| Retained earnings | 221,693 | 190,166 |
| Accumulated other comprehensive loss | (4,759) | (7,545) |
| TOTAL STOCKHOLDERS’ EQUITY | 577,207 | 541,066 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $6,278,479 | $6,230,763 |
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