Shore Bank


25020 Shore Pakway
Onley, VA 23418
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Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Shore Bank is an FDIC insured institution located in Onley, VA. It was founded in 1961 and has approximately $0.39 billion in assets.

FDIC Insured Yes
FDIC Certificate # 31294
Date Established 1961
Assets $ 392.95 million
Loans $ 285.66 million
Deposits $ 338.90 million
Capital $ 37.58 million

For a more detailed analysis of Shore Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 30, 2021

Your Current Location: Virginia, VA 20146


Loan Rates - July 30, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Shore Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

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2.812% 2.750%
0.75 points
$2,015 fees
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Featured - Virginia Home Equity Line Of Credit Rates 2021

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2.240 %
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Bethpage Federal Credit Union
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After Intro: 3.750 %
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Note to Shore Bank
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Financial Details

Shore Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Shore Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Shore Bank U.S. Bank Average
13.42% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Shore Bank had $3,571,000 in non-current loans and $1,879,000 in owned real estate. To cover these potential losses it had $37,575,000 in equity and $3,041,000 in loans loss reserves. That gives it a Texas Ratio of 13.42%.

Return on Equity
Shore Bank U.S. Bank Average
1.23% 11.43%

Shore Bank has a Return on Equity of 1.23% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Shore Bank U.S. Bank Average
9.56% 11.51%

Shore Bank has a Capitalization of 9.56% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Shore Bank Balance Sheet Analysis

As of March 31, 2015, Shore Bank had assets of $389,843,000, loans of $285,660,000, and deposits of $338,901,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 285.66 million
Loan loss allowance $ 3.04 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.88 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 338.90 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 392.95 million

Summary Income Statement

March 31, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Shore Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Virginia, Shore Bank has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.81
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 15.90
Construction and Development Loans 7.02
Commercial Real Estate 33.57
Commercial and Industrial Loans 7.69
Farm Loans 0.18

Frequently Asked Questions About Shore Bank

Branches and Savings

Is Shore Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31294.

Why does Shore Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Shore Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Shore Bank a commercial bank?


Where are Shore Bank locations?

See branch locations nearby.

Is Shore Bank open on Saturdays?

Is Shore Bank open on Sundays?

What time does Shore Bank open?

What time does Shore Bank close?

Are Shore Bank ATMs Open 24/7?

Do Shore Bank ATMs accept cash deposits?

Can Shore Bank customers use other ATMs?

Do Shore Bank branches have notaries?

Will Shore Bank notarize my document?

What address for Shore Bank should I put for incoming ACH transfers?

Will the Shore Bank branch print checks?

Do Shore Bank checks expire?

Does Shore Bank require US citizenship to open account?

Can Shore Bank close my account?

Does Shore Bank Report to credit bureaus?

Does Shore Bank Use Equifax?

What is Shore Bank's ACH Routing Number?

What is Shore Bank's SWIFT code?


Does Shore Bank offer mortgages?

Compare mortgage rates here.

Does Shore Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Shore Bank offer personal loans?

Compare personal loan rates here.

Does Shore Bank offer student loans?

Will Shore Bank cash a check?

Will Shore Bank redeem a savings bond?

Does Shore Bank cash savings bonds?

Will Shore Bank cash money orders?

Can Shore Bank issue a money order?

Does Shore Bank do currency exchange?

Background on The Bank

Who owns Shore Bank?

How long has Shore Bank been around?

Can Shore Bank transfer to other banks?

Does Shore Bank have quick pay?

Does Shore Bank accept rolled coins?

Will Shore Bank accept loose change?

Where is Shore Bank headquarters?

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