Shore Bank

Shore Bank is headquartered in Onley and is the 65^th largest bank in the state of Virginia. It is also the 2,253^rd largest bank in the nation. It was established in 1961 and as of September of 2011, it had grown to 75 employees at 8 locations. Shore Bank has a 2-star health rating.

Shore Bank Routing Number: 251472542

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Data for Q3 2011

Institution Statistics Shore Bank FDIC Certificate # 31294 BankRate Report View Year Established 1961 Employees 75 Primary Regulator FED Assets and Liabilities Assets $285.79 million Loans $219.14 million Deposits $229.81 million Equity Capital $25.64 million Loan Loss Allowance $3.75 million Unbacked Noncurrent Loans $7.90 million Real Estate Owned $2.10 million Historic Data - September 2010 Assets $338.86 million Equity Capital $24.30 million Loan Loss Allowance $4.60 million Unbacked Noncurrent Loans $8.47 million Real Estate Owned $1.60 million Profit Margin - Quarterly Net Interest Margin 3.18% Return on Assets 0.34% Return on Equity 4.16% Interest Income $9.19 million

Institution Health Overall Score: 2 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Shore Bank had $10 million in non-current loans and owned real-estate with $29.39 million in equity and loan loss allowances on hand to cover it. This gives Shore Bank a Texas Ratio of 34.03% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Shore Bank held steady from 34.83% as of September 30, 2010 to 34.03% as of September 30, 2011, resulting in a positive change of 2.31%.This indicates that the balance sheet and financial strength for Shore Bank has held steady in recent periods. Deposit Growth In the past year, Shore Bank has decreased its total deposits by -$45.43 million, resulting in -16.51% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Shore Bank has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Shore Bank has $285.79 million in assets with $29.39 million in equity, resulting in a capitalization level of 10.28%, which is above average.

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