Shore United Bank N.A.
Easton, Maryland · $6.15B in assets · beside the 11 other the Mid-Atlantic banks between $3B and $10B (the state alone holds too few in the band to rank)
The filing
Shore United Bank N.A. is the sixth largest of the 12 the Mid-Atlantic banks nearest its size between $3B and $10B, with $6.15B in assets at 30 June 2026. Loans are 90.5% of deposits, 6th of 12 against a median of 91.5%, and equity is 11.0% of assets, 6th of 11. Loans grew +1.0% in the year, 9th of 12, and deposits grew 2.0%; the cohort's median loan growth is +4.7%.
Noncurrent loans are 1.32% of the book, 10th of 12 against a median of 0.70%; 0.13% is 30 to 89 days past due, and the allowance covers them 0.9 times. Commercial real estate is 43.9% of loans, 10th of 12 against a median of 41.2%, and 326% of capital, above the 300% screen, with construction at 51% against the 100% screen. CRE has grown +109.1% over 36 months, past the guidance's 50% prong.
Return on assets is 1.31%, 6th of 11 against a median of 1.31%, on an efficiency ratio of 56.2%, 8th of 11. Five years ago it was 0.89%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 14.8% of loans).
SBA 7(a), FY2008 to FY2026
Shore United Bank N.A. is the 58th largest 7(a) lender into Maryland of 268, with $16M across 39 loans, 0.3% of everything approved in the state (Manufacturers and Traders Trust Company leads with $813M). 11 of its 16 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.
| County | Approved | Rank | Share | Trend |
|---|---|---|---|---|
| Charles, MD | $5M | 4th of 60 | 4.4% | thin |
| Calvert, MD | $4M | 5th of 39 | 7.3% | +1.6 pts |
| Saint Marys, MD | $4M | 8th of 40 | 4.8% | -11.8 pts |
| Westmoreland, VA | $3M | 4th of 11 | 13.4% | quiet FY2015 |
| Prince William, VA | $2M | 47th of 105 | 0.5% | quiet FY2019 |
| Anne Arundel, MD | $1M | 68th of 116 | 0.2% | quiet FY2012 |
| New Castle, DE | $600K | 73rd of 121 | 0.1% | quiet FY2016 |
| Baltimore City, MD | $500K | 82nd of 119 | 0.1% | quiet FY2013 |
| Talbot, MD | $350K | 13th of 26 | 0.9% | thin |
| Prince Georges, MD | $310K | 121st of 138 | 0.0% | quiet FY2013 |
| Spotsylvania, VA | $265K | 48th of 58 | 0.2% | quiet FY2018 |
| Kent, MD | $230K | 5th of 12 | 3.1% | thin |
| Fredericksburg City, VA | $181K | 45th of 50 | 0.3% | quiet FY2022 |
| Industry | Loans | Approved | Share of book | Share of sector | Rank |
|---|---|---|---|---|---|
| Accommodation & food services | 7 | $6M | 28.0% | 0.01% | 739th of 2,596 |
| Arts, entertainment & recreation | 7 | $5M | 25.3% | 0.04% | 318th of 1,656 |
| Construction | 9 | $3M | 15.6% | 0.01% | 718th of 2,063 |
| Manufacturing | 6 | $1M | 6.0% | 0.00% | 1281st of 2,246 |
| Administrative & waste services | 2 | $1M | 5.8% | 0.01% | 729th of 1,763 |
Commercial real estate against capital
| Shore United Bank N.A. | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 326% | 9th of 11 | 290% |
| Construction against capital, the 100% screen | 51% | 7th of 11 | 40% |
| Construction and land development, share of loans | 6.9% | 8th of 12 | 5.4% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 31.6% | 10th of 11 | 21.5% |
| Total CRE, the guidance definition, share of loans | 43.9% | 10th of 12 | 41.2% |
| CRE growth over 36 months, the third prong | +109.1% | 11th of 11 | +27.2% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $7.37B | 4.9% | 49.8% | 3.24% | 6.54% | 11.6% | 157.7% | 13.8% | |
| $7.04B | 1.2% | 59.2% | 0.51% | 0.04% | 0.7% | 94.4% | 12.4% | |
| $6.93B | no record | no record | 0.00% | no record | no record | 86.4% | no record | |
| $6.52B | 1.0% | 54.8% | 0.40% | 0.00% | 1.0% | 94.6% | 8.5% | |
| $6.29B | 1.4% | 52.1% | 0.82% | 0.27% | 1.0% | 89.6% | 10.8% | |
| $6.15B | 1.3% | 56.2% | 1.32% | 0.04% | 1.2% | 90.5% | 11.0% | |
| $6.12B | 1.5% | 51.1% | 3.86% | 0.12% | 1.5% | 77.9% | 10.6% | |
| $5.62B | 1.8% | 54.8% | 0.79% | 0.42% | 1.6% | 97.2% | 10.7% | |
| $5.61B | 1.7% | 55.8% | 0.60% | 0.10% | 1.1% | 89.0% | 11.1% | |
| $5.50B | 1.0% | 52.3% | 0.62% | 0.28% | 1.0% | 92.6% | 13.1% | |
| $5.43B | 1.3% | 56.7% | 0.33% | 0.06% | 1.0% | 95.4% | 11.3% | |
| $5.41B | 1.3% | 59.2% | 0.83% | 0.10% | 0.9% | 89.7% | 8.9% |
| Shore United Bank N.A. | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $1.47B | $4.91B | +233% | $2.84B | $4.47B | +57% |
| Deposits | $1.89B | $5.43B | +187% | $3.05B | $4.69B | +54% |
| NPA / loans | 0.32% | 1.32% | +1.00 pts | 0.40% | 0.70% | +0.30 pts |
| Efficiency | 60.1% | 56.2% | -3.9 pts | 54.8% | 54.8% | -0.0 pts |
| ROA | 0.89% | 1.31% | +0.42 pts | 1.40% | 1.31% | -0.09 pts |
This read was prepared for Shore United Bank N.A.'s board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Shore United Bank N.A. is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort Mid-Atlantic banks $3B to $10B
Institution shoreunitedbank.com
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