SHORE BANCSHARES INC
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
SHBI$22.89+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| ($ in thousands, except per share data) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $50,164 | $44,008 |
| Interest-bearing deposits with other banks | 305,402 | 415,843 |
| Cash and cash equivalents | 355,566 | 459,851 |
| Investment securities: | ||
| Available for sale, at fair value (amortized cost of $226,677 and $159,593 at December 31, 2025 and December 31, 2024, respectively) | 220,358 | 149,212 |
| Held to maturity, net of allowance for credit losses of $99 and $203 (fair value of $378,116 and $424,734 at December 31, 2025 and December 31, 2024, respectively) | 414,827 | 481,077 |
| Equity securities, at fair value | 6,186 | 5,814 |
| Restricted securities, at cost | 17,989 | 20,253 |
| Loans held for sale, at fair value | 32,540 | 19,606 |
| Loans held for investment | 4,900,302 | 4,771,988 |
| Less: allowance for credit losses | (58,836) | (57,910) |
| Loans, net | 4,841,466 | 4,714,078 |
| Premises and equipment, net | 80,168 | 81,806 |
| Goodwill | 63,266 | 63,266 |
| Other intangible assets, net | 29,722 | 38,311 |
| Right-of-use assets | 10,523 | 11,385 |
| Cash surrender value on life insurance | 105,839 | 104,421 |
| Accrued interest receivable | 18,551 | 19,570 |
| Deferred income taxes | 29,825 | 31,857 |
| Other assets | 31,992 | 30,256 |
| TOTAL ASSETS | $6,258,818 | $6,230,763 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $1,587,953 | $1,562,815 |
| Interest-bearing checking | 852,585 | 978,076 |
| Money market and savings | 1,814,928 | 1,805,884 |
| Time deposits | 1,267,487 | 1,181,561 |
| Brokered deposits | 10,911 | — |
| Total deposits | 5,533,864 | 5,528,336 |
| FHLB advances | — | 50,000 |
| Guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”), net | 30,168 | 29,847 |
| Subordinated debt, net | 58,893 | 43,870 |
| Total borrowings | 89,061 | 123,717 |
| Lease liabilities | 11,027 | 11,844 |
| Other liabilities | 34,993 | 25,800 |
| TOTAL LIABILITIES | 5,668,945 | 5,689,697 |
| COMMITMENTS AND CONTINGENCIES (Note 18) | ||
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.01 par value per share; shares authorized 50,000,000; shares issued and outstanding 33,413,503 and 33,332,177 at December 31, 2025 and December 31, 2024, respectively | 334 | 333 |
| Additional paid-in capital | 360,554 | 358,112 |
| Retained earnings | 233,578 | 190,166 |
| Accumulated other comprehensive loss | (4,593) | (7,545) |
| TOTAL STOCKHOLDERS’ EQUITY | 589,873 | 541,066 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $6,258,818 | $6,230,763 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.