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25020 Shore Pakway
Onley, VA 23418

Shore Bank is headquartered in Onley and is the 57th largest bank in the state of Virginia. It is also the 1,991st largest bank in the nation. It was established in 1961 and as of December of 2013, it had grown to 59 employees at 8 locations. Shore Bank has a B+ health rating.

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Data for Q4 2013

Institution Health


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 December 31, 2013 Shore Bank had $7.36 million in non-current loans and owned real-estate with $37.17 million in equity and loan loss allowances on hand to cover it. This gives Shore Bank a Texas Ratio of 19.82% which is above 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 experienced no significant changes from 19.03% as of December 31, 2012 to 19.82% as of December 31, 2013, resulting in a negative change of 4.13%. This indicates that the balance sheet and financial strength for Shore Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Shore Bank has increased its total deposits by $14.81 million, resulting in 5.97% 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 excellent.



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 $327.81 million in assets with $37.17 million in equity, resulting in a capitalization level of 11.34%, which is excellent.

Institution Statistics

FDIC Certificate #31294
Year Established1961
Primary RegulatorFED
Assets and Liabilities
Assets$327.81 million
Loans$250.73 million
Deposits$262.88 million
Equity Capital$34.18 million
Loan Loss Allowance$2.98 million
Unbacked Noncurrent Loans$4.62 million
Real Estate Owned$2.75 million
Historic Data - December 2012
Assets$312.76 million
Equity Capital$34.34 million
Loan Loss Allowance$2.47 million
Unbacked Noncurrent Loans$4.62 million
Real Estate Owned$2.75 million
Profit Margin - Quarterly
Net Interest Margin4.02%
Return on Assets0.36%
Return on Equity3.39%
Interest Income$13.51 million

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Shore Bank Locations
Salisbury Plaza Branch100 West Main StreetSalisbury, MD 21801
Pocomoke Branch103 Pocomoke MarketplacePocomoke City, MD 21851
South Salisbury Branch1503 South Salisbury Blvd.Salisbury, MD 21801
Cape Charles Branch22468 Lankford HighwayCape Charles, VA 23310
Shore Bank25020 Shore PakwayOnley, VA 23418
Onley Branch25253 Lankford HighwayOnley, VA 23418
Exmore Branch4071 Lankford HighwayExmore, VA 23350
Chincoteague Branch6350 Maddox BlvdChincoteague, VA 23336