Shore Bancshares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023
July 27, 2023 at 04:17 pm EDT
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Shore Bancshares, Inc. reported net charge-offs for the second quarter ended June 30, 2023. Net charge-offs for the second quarter of 2023 were $50,000, compared to net charge-offs of $20,000 for the first quarter of 2023 and net recoveries of $573,000 for the second quarter of 2022.
Shore Bancshares, Inc. is a financial holding company. The Company conducts business primarily through two wholly owned subsidiaries, Shore United Bank, N.A. (the Bank) and Mid-Maryland Title Company, Inc. (the Title Company). The Bank provides consumer and commercial banking products and services and secondary mortgage lending, trust, wealth management and financial planning services. The Bank is a national banking association chartered, which operates 42 full-service branches, 42 automatic teller machines (ATM), three interactive teller machines, five loan production offices. The Bank provides a full range of commercial and consumer banking products and services to individuals, businesses, and other organizations in Baltimore County, Howard County, Kent County, Queen Annes County, Caroline County, Talbot County, Dorchester County, Anne Arundel County, Charles County, St Marys County and others. The Title Company engages in title work related to real estate transactions.
SHORE BANCSHARES, INC. 
