Shore Community Bank announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $285,243 or $0.13 per diluted share compared to net income of $223,933, or $0.10 per diluted share for the three months ended September 30, 2013, an increase of $61,310 or 27.4%. Earnings have benefited significantly from the strong growth in loans and the associated increase in net interest income.

For the nine months ended September 30, 2014, the bank reported net income of $646,254, or $0.29 per diluted share compared to a net income of $575,947, or $0.26 per diluted share for the nine months ended September 30, 2013, an increase of $70,307 or 12.2%. Net interest income has increased 5.8% or approximately $257,000 compared to the same period in 2013. Book value per share at September 30, 2014 was $10.37.

The company announced net loan charge-offs totaled $25,000 in the third quarter of 2014 compared to $105,000 in the same period a year ago.