Shore Community Bank reported earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net income of $163,388, or $0.05 per diluted share, for the fourth quarter of 2017 compared to net income of $485,114, or $0.16 per diluted share, for the fourth quarter of 2016.

For the year, the company reported net income for the year ended December 31, 2017 was $2,067,788, or $0.66 per diluted share, compared to $1,726,381, or $0.56 per diluted share, for the year ended December 31, 2016. Book value per share at December 31, 2017, after the deferred tax assets adjustment, was $9.04 compared to $8.66 at December 31, 2016 based on 3.1 million shares outstanding in each period.

The Board of Directors of Bank announced a cash dividend of $0.075 per share for the first quarter of 2018. The dividend will be paid on February 20, 2018 to all shareholders of record on February 06, 2018.