Vitals
  • Total Assets
    389.8M 15.9 %
  • Total Deposits
    337.3M 19.7 %
  • Total Net Loans
    319.6M 20.7 %
  • Net Income
    1.1M -34.1 %
  • Book Value
    38.6M 5.5 %
  • Book Value x2
    77.2M 5.5 %
  • Book Value x3
    115.8M 5.5 %
ROAA

.4

ROAE

4.036

Efficiency Ratio

88.525

Net Interest Margin

3.539

Balance Sheet Highlights
Financial Highlights Shore Bank All Insured Commercial Banks in Virginia
Balance Sheet $(000)
Total Assets 389,843 730,823
Total Net Loans 319,604 506,770
Total Deposits 337,278 607,294
Total Equity 38,610 81,313
Profitability
Net Income 1,145 4,889
Return on Average Assets .4 .771
Return on Average Equity 4.036 6.807
Net Interest Margin 3.539 3.807
Efficiency Ratio 88.525 72.582
Noninterest Income/Revenue 12.156 17.304
Balance Sheet Ratios
Loan-to-Deposit 94.76 83.126
Securities/Assets .101 .146
Total Equity/Total Assets .099 .111
Tangible Equity/Tangible Assets .098 .103
Capital Adequacy
Tier 1 Common Capital 38,191 74,461
Tier 1 Capital 38,191 74,540
Tier 2 Capital 2,874 5,542
Total Capital 41,065 80,139
Total Risk Weighted Assets 317,651 553,414
Leverage Ratio 9.96 10.567
Common Equity Tier 1 Capital Ratio 12.02 14.511
Tier 1 Capital Ratio 12.02 14.54
Total Capital Ratio 12.93 15.725

Timeline for Shore Bank

Xenith Bank

Shore Bank was acquired by Xenith Bank 8 years

View Profile Oct 10 2015

Xenith Bankshares, Inc.

Xenith Bankshares, Inc. became a new parent organization for Shore Bank.

View Profile Jun 01 2008

Shore Investments, Inc.

Shore Investments, Inc. became a new subsidiary organization for Shore Bank.

View Profile Feb 08 2000

Shore Financial Corporation

Shore Financial Corporation became a new parent organization for Shore Bank.

View Profile Apr 01 1998

Shore Bank

Shore Bank was established 63 years ago and is currently headquartered in Onley, VA.

Jan 01 1961
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Xenith Bank Buyer 3,326,344 Pooling of Interests Discontinued 10/10/2015
Relationships Role Relationship Start Relationship End
Xenith Bankshares, Inc. Parent 6/1/2008 10/9/2015
Shore Financial Corporation Parent 4/1/1998 5/31/2008
Shore Investments, Inc. Subsidary 6/30/2007 10/9/2015
Shore Investments, Inc. Subsidary 2/8/2000 6/29/2007
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