Shore Community Bank reported earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company's net income was $177,435, or $0.10 per diluted share, compared to net income of $234,683, or $0.13 per diluted share, for the same period in 2011. Book value per share at December 31, 2012 was $11.88, compared to $11.53 at December 31, 2011 based on 1.8 million shares outstanding in each period.

For the year ended December 31, 2012, the company reported net income of $916,644, or $0.51 per diluted share, compared to $762,384, or $0.42 per diluted share, for the year ended December 31, 2011, an increase in net income of 20.2%. The increase in net income of 20.2% recorded for the year 2012 is the fourth consecutive year of increased earnings and it was achieved during a period in which the economy lacked clear direction for most if not all of the year.

The company reported net loan charge-offs for the fourth quarter ended December 31, 2012. For the quarter, the company's net loan charge-offs were $221,000, compared to net charge-offs of $183,000 in the same quarter last year.