Shore bancshares inc (SHBI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST INCOME
Interest and fees on loans

13,795

14,043

14,100

13,749

13,499

13,452

13,205

12,631

12,044

11,855

11,771

10,441

9,550

9,679

9,398

9,117

8,961

9,142

8,912

8,581

8,491

8,665

8,788

8,812

8,875

9,242

9,767

10,142

9,907

10,193

10,604

10,890

11,011

11,649

12,003

11,896

12,001

13,083

13,047

Interest and dividends on investment securities:
Taxable

719

827

870

887

998

1,339

947

982

1,021

1,210

1,035

937

827

747

754

824

870

854

892

932

924

917

850

669

521

504

357

568

643

666

685

707

757

797

795

782

657

677

846

Tax-exempt

-

-

-

-

-

-

-

-

-

0

0

1

2

1

2

2

2

2

2

3

3

3

3

3

3

3

5

4

5

12

22

32

38

38

38

40

38

50

56

Interest on federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

2

3

1

1

0

1

0

1

0

0

1

0

1

2

3

3

2

2

1

3

5

16

21

14

Interest on deposits with other banks

172

295

223

113

163

103

84

61

38

65

131

70

68

78

81

58

72

48

30

26

26

40

44

39

56

57

53

40

50

86

79

61

48

46

29

12

6

6

4

Total interest income

14,686

15,165

15,193

14,749

14,660

14,894

14,236

13,674

13,103

13,130

12,937

11,449

10,447

10,505

10,236

10,003

9,908

10,047

9,837

9,542

9,445

9,625

9,686

9,523

9,455

9,807

10,182

10,755

10,607

10,960

11,393

11,692

11,856

12,531

12,868

12,735

12,718

13,837

13,967

INTEREST EXPENSE
Interest on deposits

2,059

2,287

2,288

2,204

1,947

1,577

826

580

548

586

607

538

511

537

574

617

661

750

824

856

901

985

1,046

1,071

1,127

1,230

1,348

1,748

2,122

2,570

2,647

2,643

2,641

2,673

2,720

2,769

2,833

3,117

3,242

Interest on short-term borrowings

2

6

117

145

213

486

463

461

226

13

4

11

3

3

4

3

4

4

3

3

5

4

4

5

5

7

6

6

8

9

10

11

15

15

15

13

13

17

19

Interest on long-term borrowings

107

108

108

107

106

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6

5

5

6

10

11

10

16

15

Total interest expense

2,168

2,401

2,513

2,456

2,266

2,168

1,289

1,041

774

599

611

549

514

540

578

620

665

754

827

859

906

989

1,050

1,076

1,132

1,237

1,354

1,754

2,130

2,579

2,663

2,659

2,661

2,694

2,745

2,793

2,856

3,150

3,276

NET INTEREST INCOME

12,518

12,764

12,680

12,293

12,394

12,726

12,947

12,633

12,329

12,531

12,326

10,900

9,933

9,965

9,658

9,383

9,243

9,293

9,010

8,683

8,539

8,636

8,636

8,447

8,323

8,570

8,828

9,001

8,477

8,381

8,730

9,033

9,195

9,837

10,123

9,942

9,862

10,687

10,691

Provision for credit losses

350

200

200

200

100

460

307

418

489

545

345

974

427

418

605

375

450

475

410

540

650

650

775

950

975

474

22,460

2,700

2,150

9,650

6,200

3,525

8,370

4,035

3,650

5,395

6,390

4,193

4,917

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES

12,168

12,564

12,480

12,093

12,294

12,266

12,640

12,215

11,840

11,986

11,981

9,926

9,506

9,547

9,053

9,008

8,793

8,818

8,600

8,143

7,889

7,986

7,861

7,497

7,348

8,096

-13,632

6,301

6,327

-1,269

2,530

5,508

825

5,802

6,473

4,547

3,472

6,494

5,774

NONINTEREST INCOME
Service charges on deposit accounts

866

958

990

1,028

934

1,045

982

947

905

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trust and investment fee income

375

382

383

385

372

360

383

414

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noninterest income

1,111

-

-

-

882

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

971

945

878

834

883

899

870

813

806

769

658

634

629

618

602

558

599

600

600

572

653

628

622

648

700

697

744

704

841

831

Trust and investment fee income

-

-

-

-

-

-

-

-

-

410

389

372

361

369

358

364

351

348

360

450

469

478

496

455

431

429

401

393

390

365

410

446

423

380

389

418

376

357

372

Gains on sales of investment securities

-

-

-

-

-

-

-

-

-

-

5

-

-

-

30

-

-

-

-

-

-

-

-

-

-

0

0

913

0

0

278

0

0

128

354

2

79

0

0

Insurance agency commissions

-

-

-

-

-

-

-

-

-

-

2,088

2,032

2,819

1,797

2,054

1,941

2,759

1,760

2,107

1,932

2,475

1,736

2,176

2,536

3,077

2,477

2,724

2,633

2,813

2,292

2,427

2,406

2,689

2,061

2,312

2,475

2,510

2,513

2,595

Gain on sale of wholesale insurance subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Loss on termination of cash flow hedge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,306

-

-

0

0

-

-

-

-

-

-

-

Gain on sale of wholesale insurance subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noninterest income

-

-

1,156

1,196

-

-

1,100

935

835

347

998

897

793

809

666

866

618

724

669

748

507

719

704

821

722

710

1,067

729

715

635

258

1,103

814

750

771

742

726

932

770

Total noninterest income

2,352

2,694

2,529

2,609

2,188

2,112

2,465

2,296

2,140

-5,211

4,425

4,179

4,807

4,056

4,007

4,041

4,541

3,638

3,905

3,788

4,085

3,471

3,994

4,528

4,788

4,215

4,792

3,962

4,490

2,606

4,001

4,577

4,574

4,019

4,523

4,381

4,395

4,643

4,568

NONINTEREST EXPENSE
Salaries and wages

4,296

4,002

3,853

3,792

3,766

3,999

4,209

4,101

4,226

572

5,203

4,803

4,502

4,381

4,346

4,422

4,477

4,366

4,468

4,393

4,313

4,305

4,689

4,292

4,314

4,336

4,420

4,307

4,283

4,240

4,386

4,376

4,416

4,378

4,097

4,104

4,246

4,404

4,363

Employee benefits

1,722

1,662

1,299

1,068

1,254

797

983

1,045

1,176

-13

1,197

1,127

1,240

906

1,009

964

1,114

890

935

924

1,156

956

934

1,020

1,182

983

971

1,006

1,134

923

945

956

1,170

923

878

886

1,153

897

758

Occupancy expense

698

702

697

668

691

649

646

650

677

385

696

629

625

613

643

583

613

583

600

611

626

570

565

577

627

569

566

612

597

609

625

638

687

563

585

568

596

547

597

Furniture and equipment expense

317

286

263

295

263

236

212

247

255

103

286

284

233

235

245

248

235

215

223

233

255

234

225

243

273

252

275

243

250

235

265

212

251

234

262

291

272

325

313

Data processing

1,044

989

972

919

910

844

930

689

868

752

922

1,015

872

857

976

854

809

809

800

868

783

766

741

739

760

773

718

706

703

654

703

694

666

660

661

680

851

696

660

Directors’ fees

141

137

140

116

86

145

145

152

114

99

99

102

80

156

120

131

104

114

117

116

123

99

131

132

112

92

86

55

121

107

131

127

109

83

198

112

107

118

105

Goodwill and other intangible assets impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,344

-

-

3,051

-

Amortization of other intangible assets

144

144

144

155

162

269

270

228

99

28

115

55

33

32

33

33

33

33

34

33

33

33

34

60

74

74

74

74

74

74

96

96

126

126

129

128

129

128

129

Insurance agency commissions expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

394

512

470

409

458

461

387

275

344

385

285

250

357

375

338

464

FDIC insurance premium expense

91

-42

0

181

205

159

193

214

205

201

189

45

164

42

104

268

282

281

243

306

384

402

399

377

458

613

467

367

366

387

376

344

273

254

180

404

460

448

460

Other real estate owned expenses, net

18

-1

133

60

233

228

166

5

-46

-

195

108

65

-

2

66

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-downs of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

203

7

54

27

192

290

101

75

371

219

56

672

-

-

-

-

-

-

-

-

-

-

Legal and professional fees

634

568

495

559

601

603

443

487

448

399

493

702

660

441

440

609

385

641

641

373

725

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-downs of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-224

-278

-575

-

-395

-

-

-

-

Other noninterest expenses

1,244

1,398

1,388

1,172

1,172

1,287

1,113

1,035

1,430

640

1,325

1,329

1,177

1,133

1,299

1,187

1,280

815

1,328

1,389

1,279

-95

1,811

1,982

1,728

396

1,763

1,875

1,830

1,818

1,683

1,598

1,840

1,243

1,698

1,664

1,702

1,677

1,839

Total noninterest expense

10,349

9,845

9,384

8,985

9,343

9,216

9,310

8,853

9,452

3,070

10,720

10,199

9,651

9,226

9,217

9,365

9,339

8,950

9,396

9,300

9,704

9,510

9,819

9,917

10,115

10,468

9,968

9,759

10,491

9,685

9,709

9,663

10,498

9,405

10,677

9,194

9,891

12,629

9,688

Income from continuing operations before income taxes

4,171

5,413

5,625

5,717

5,139

5,162

5,795

5,658

4,528

3,705

5,686

3,906

4,662

4,377

3,843

3,684

3,995

3,506

3,109

2,631

2,270

1,947

2,036

2,108

2,021

1,843

-18,808

504

326

-8,348

-3,178

422

-5,099

416

319

-266

-2,024

-1,492

654

Income tax expense

1,053

1,399

1,411

1,489

1,311

1,309

1,539

1,466

1,066

3,044

2,274

1,554

1,862

1,882

1,432

1,412

1,535

1,343

1,200

1,004

861

721

774

803

763

668

-7,416

143

104

-3,274

-1,357

129

-2,063

91

225

-33

-941

-92

209

Income from continuing operations

3,118

4,014

4,214

4,228

3,828

3,853

4,256

4,192

3,462

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations before income taxes

-

0

-10

-4

-99

104

269

269

779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit

-

0

-2

0

-25

4,599

71

70

183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

0

-8

-4

-74

8,241

198

199

596

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME

3,118

4,014

4,206

4,224

3,754

12,094

4,454

4,391

4,058

2,698

3,412

2,352

2,800

2,495

2,411

2,272

2,460

2,163

1,909

1,627

1,409

1,226

1,262

1,305

1,258

1,175

-11,392

361

222

-5,074

-1,821

293

-3,036

325

94

-233

-1,083

-1,400

445

Earnings per common share - Basic
Income from continuing operations

-

-

0.33

0.33

-

0.31

0.33

0.33

0.27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income from discontinued operations

-

-

-

-

-

0.64

0.02

0.01

0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

0.33

0.33

-

0.95

0.35

0.34

0.32

0.21

0.27

0.19

0.22

0.20

0.19

0.18

0.19

0.17

0.15

0.13

0.11

0.08

0.10

0.13

0.15

0.14

-1.35

0.04

0.03

-0.59

-0.22

0.03

-0.36

0.04

0.01

-0.03

-0.13

-0.17

0.05

Earnings per common share - Diluted
Income from continuing operations

-

-

0.33

0.33

-

0.31

0.33

0.33

0.27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income from discontinued operations

-

-

-

-

-

0.64

0.02

0.01

0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

0.33

0.33

-

0.95

0.35

0.34

0.32

0.21

0.27

0.19

0.22

0.20

0.19

0.18

0.19

0.17

0.15

0.13

0.11

0.08

0.10

0.13

0.15

0.14

-1.35

0.04

0.03

-0.59

-0.22

0.03

-0.36

0.04

0.01

-0.03

-0.13

-0.17

0.05

Dividends paid per common share (in dollars per share)

-

-

0.10

0.10

-

0.09

0.08

0.08

0.07

0.07

0.05

0.05

0.05

0.05

0.03

0.03

0.03

0.02

0.02

0.00

0.00

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.01

0.01

0.01

0.01

0.06

0.06

0.06