Shore Community Bank Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
For the year ended December 31, 2013, Shore Community Bank reported net income of $1,196,324 or $0.59 per diluted share compared to $916,644 or $0.46 per diluted share for the year ended December 31, 2012, an increase in net income of 30.5%. Book value per share at December 31, 2013 was $11.02, compared to $10.80 at December 31, 2012 based on 2.0 million shares outstanding in each period.