What Shore Bancshares, Inc. told the SEC could break it.

At year-end 2025, 33.6% of Shore Bancshares' loan portfolio was secured by one-to-four family real estate, the majority in Maryland, Delaware and northern Virginia; this regional and residential-RE concentration ties credit quality to a few local economies.

“At December 31, 2025, 33.60% of our total loan portfolio was secured by one-to-four family real estate, a significant majority of which is located in Maryland, Delaware and northern Virginia.”

Shore Bancshares depends on wholesale funding sources beyond deposits — ~$754.4M of secured FHLB availability (collateralized by a blanket lien on qualifying residential loans) plus $95.0M of correspondent fed-funds lines; stress on these sources or deposit outflows would pressure liquidity.

“the Company had secured credit availability of approximately $ 754.4 million from the FHLB at December 31, 2025. The Company has pledged as collateral, under a blanket lien, all qualifying residential loans under borrowing agreements with the FHLB.”

Shore Bancshares' results are sensitive to interest rates, inflation and U.S. trade/tariff policy, and it is subject to CRA and fair-lending laws enforced by the OCC; adverse rate moves or a poor CRA assessment could hurt loan demand, margins and expansion.

“Adverse economic conditions, both in the U.S. and globally, including persistent inflation, rising interest rates, supply chain issues, labor shortages or changes in United States trade policies, including the imposition of tariffs and retaliatory tariffs, could adversely affect our results of operations.”