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Shore Bank

Onley, VA · Cert 31294

FDIC · 8 branches

Q3 2015

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2015, the quarter ended September 30, 2015, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Shore Bank

Onley, VA · Cert 31294

FDIC · 8 branches

Q3 2015

$389.8MAssets
$322.5MLoans
$337.3MDeposits
$38.6MEquity
Loan mix
73%RE $185.5M7%C&I $18.8M19%Consumer $49.0MQ3 2014Q3 2015
Deposit mix
72%Interest-bearing $242.8M28%Noninterest $94.4MQ3 2014Q3 2015

NIM

4.10%Q3 ’133.99%Q3 ’143.82%Q3 ’15-2%-5%

Non-interest income vs. expense

3.46%Q3 ’133.66%Q3 ’143.43%Q3 ’15-11%+7%

Market Position · Salisbury, MD-DE · 2015 SOD (annual) · 0.3% share · #17 of 25 inst. · $0.2B of $55.0B

27.8% Accomack
6.8% Wicomico
33.6% Northampton
2.9% Worcester

Executive Summary

  • Earnings: ROA of 0.40%, down 30 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 9.96%.
  • Funding: loans stand at 95.61% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

0.40%-30 bps YoY

Net Interest Margin (YTD, annualized)

3.35%-16 bps YoY

Efficiency Ratio (YTD, annualized)

84.53%+636 bps YoY

Tier 1 Leverage Ratio

9.96%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.70%0.66%0.13%0.39%0.40%-30 bps
Return on Equity6.53%6.10%1.23%3.91%4.04%-249 bps
Net Interest Margin3.52%3.53%3.26%3.21%3.35%-16 bps
Efficiency Ratio78.17%79.35%90.18%84.37%84.53%+636 bps
Non-Interest Burden2.72%2.78%3.03%2.77%2.91%+19 bps
Growth
Asset Growth (YoY)-0.97%3.30%20.36%19.94%15.89%+1,686 bps
Loan Growth (YoY)7.21%9.55%16.57%21.81%20.51%+1,331 bps
Deposit Growth (YoY)2.45%6.93%27.72%28.00%19.75%+1,730 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.15%0.01%0.08%0.07%-14 bps
Allowance / Loans1.07%1.07%1.05%0.96%0.89%-18 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a9.99%9.68%9.96%n/a
Total Risk-Based Capital15.02%14.79%14.24%13.16%12.93%-209 bps
Equity / Assets10.88%10.99%9.56%9.57%9.90%-98 bps
Liquidity & Funding
Loans / Deposits95.01%98.88%85.19%88.89%95.61%+61 bps
Liquid Assets / Assets0.46%0.90%13.09%6.03%0.55%+9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a