Shore Bank in Onley, Virginia (VA), MD
Overview, Financial Summary, Detailed Financial Reports, Branches

Shore Bank - Overview

  • General
  • FDIC Certificate #: 31294
    Status: Active
    Federal Reserve ID: 310875
    Bank Holding Company (Regulatory Top Holder): Capgen Capital Group Vi Lp (RSSDID: 4156660, Location: New York, NY)
    Date Established: January 01, 1961
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: Yes)
    OTS Docket #: 6681
    FDIC's unique #: 44128
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 17, 1962
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 25020 Shore Pakway, Onley, VA 23418
    County: Accomack
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $277.3 mil
    Equity capital: $25.9 mil
    Deposits held in domestic offices: $221.0 mil
    Return on assets (ROA): 0.35% ($1.0 mil)
    Quarterly return on assets: 0.39% ($1.1 mil)
    Return on Equity (ROE): 4.20% ($1.1 mil)
    Quarterly return on equity: 4.29% ($1.1 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.37% ($1,025.9 mil)
    Quarterly Pretax return on assets: 0.39% ($1,081.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 74Total employees (full-time equivalent)
  • $277,267Total assets
  • $12,270Cash and due from depository institutions
  • $7,530Interest-bearing balances
  • $19,561Securities
  • $59Federal funds sold & reverse repurchase agreements
  • $219,019Net loans & leases
  • $3,385Loan loss allowance
  • $0Trading account assets
  • $10,939Bank premises and fixed assets
  • $3,309Other real estate owned
  • $2,652Goodwill and other intangibles
  • $277,267Life insurance assets
  • $9,458All other assets
  • $251,397Total liabilities and capital
  • $220,990Total liabilities
  • $186,345Total deposits
  • $220,990Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,150Trading liabilities
  • $0Other borrowed funds
  • $257Subordinated debt
  • $25,870All other liabilities
  • $25,870Total equity capital
  • $25,870Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $31,485Surplus
  • $-7,615Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,842Income earned, not collected on loans
  • $0Earning assets
  • $793Long-term assets (5+ years)
  • $246,169Average Assets, year-to-date
  • $38,205Average Assets, quarterly
  • $299,831Volatile liabilities
  • $281,530Insider loans
  • $201,464FHLB advances
  • $279,899Loans and leases held for sale
  • $4,339Unused loan commitments
  • $2,925Tier 1 (core) risk-based capital
  • $22,602Tier 2 risk-based capital
  • $1,414Total risk weighted assets
  • $0Total unused commitments
  • $34,582Restructured Loans and leases
  • $5,730Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,405Total interest income
  • $3,217Total interest expense
  • $9,188Net interest income
  • $610Provision for loan and lease losses
  • $2,251Total noninterest income
  • $0Fiduciary activities
  • $1,340Service charges on deposit accounts
  • $0Trading account gains & fees
  • $911Additional noninterest income
  • $9,737Total noninterest expense
  • $3,496Salaries and employee benefits
  • $1,394Premises and equipment expense
  • $4,847Additional noninterest expense
  • $1,092Pre-tax net operating income
  • $4Securities gains (losses)
  • $47Applicable income taxes
  • $1,049Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,049Net income attributable to bank
  • $0Net charge-offs
  • $1,049Cash dividends
  • $1,846Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.42%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 4.20%Return on equity (ROE)
  • 4.20%Retained earnings to average equity (YTD only)
  • 0.86%Net charge-offs to loans
  • 33.04%Credit loss provision to net charge-offs
  • 0.92%Efficiency ratio
  • 79,762Assets per employee
  • 3.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 43.17%Noncurrent assets plus other real estate owned to assets
  • 4.02%Noncurrent loans to loans
  • 3.53%Net loans and leases to deposits
  • 99.11%Net loans and leases to core deposits
  • 99.84%Equity capital to assets
  • 9.33%Core capital (leverage) ratio
  • 8.08%Tier 1 risk-based capital ratio
  • 11.22%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $299,831Average earning assets
  • $24,998Average equity
  • $268,977Average loans

List of branches

  • 3 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    103284113Salisbury Plaza Branch100 West Main Street, Salisbury, MD 21801November 17, 1997Full Service Brick and Mortar
    111479325South Salisbury Branch1503 South Salisbury Blvd., Salisbury, MD 21801July 24, 2007Full Service Brick and Mortar
    112479326Pocomoke Branch103 Pocomoke Marketplace, Pocomoke City, MD 21851September 24, 2007Full Service Brick and Mortar
  • 5 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044128Shore Bank25020 Shore Pakway, Onley, VA 23418January 01, 1961Full Service Brick and Mortar
    1284109Exmore Branch4071 Lankford Highway, Exmore, VA 23350January 01, 1961Full Service Brick and Mortar
    100284110Cape Charles Branch22468 Lankford Highway, Cape Charles, VA 23310January 01, 1961Full Service Brick and Mortar
    101284111Chincoteague Branch6350 Maddox Blvd, Chincoteague, VA 23336June 30, 1985Full Service Brick and Mortar
    109284119Parksley Office Branch18426 Dunne Avenue, Parksley, VA 23421October 01, 1999Full Service Brick and Mortar

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