What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2026-03-02 compared with 2025-03-10 · 4 added, 110 removed, 0 unchanged (100% of the section changed)

Our o ffices are listed in the tables below.

The address of the Company and Bank’s main office is 18 East Dover Street in Easton, Maryland.

Maryland Branch Locations

Main Office/Branch (1)

Chester Branch (1)

Crofton Branch (2)

18 East Dover Street 300 Castle Marina Road 2151 Defense Highway

Easton, Maryland 21601 Chester, Maryland 21619 Crofton, Maryland 21114

Tred Avon Square Branch (1)

Washington Square Branch (1)

Waldorf Branch (1)

212 Marlboro Road 899 Washington Avenue 3035 Leonardtown Road

Easton, Maryland 21601 Chestertown, Maryland 21620 Waldorf, Maryland 20601

Michaels Branch (2)

Arbutus Branch (1)

Leonardtown Branch (1)

1013 South Talbot Street 1101 Maiden Choice Lane 25395 Point Lookout Road

Michaels, Maryland 21663 Baltimore, Maryland 21229 Leonardtown, Maryland 20650

Elliott Road Branch (1)

Elkridge Branch (1)

Bryan’s Road Branch (1)

8275 Elliott Road 6050 Marshalee Drive 8010 Matthews Road

Easton, Maryland 21601 Elkridge, Maryland 21075 Bryans Road, Maryland 20616

Sunburst Branch (1)

Owings Mills Branch (1)

Dunkirk Branch (2)

424 Dorchester Avenue 9612 Reisterstown Road 10321 Southern Maryland Boulevard

Cambridge, Maryland 21613 Owings Mills, Maryland 21117 Dunkirk, Maryland 20754

West Ocean City Branch (2)

Annapolis Branch (1)

Lexington Park Branch (1)

12905-B Ocean Gateway 1917 West Street 22730 Three Notch Road

Ocean City, Maryland 21842 Annapolis, Maryland 21401 California, Maryland 20619

Ocean City/ South Ocean City Branch (2)

Edgewater Branch (2)

La Plata Branch (1)

3409 Coastal Highway 3083 Solomons Island Road 101 Drury Drive

Ocean City, Maryland 21842 Edgewater, Maryland 21037 La Plata, Maryland 20646

Centreville/Commerce Branch (1)

Glen Burnie Branch (1)

Charlotte Hall Branch (1)

109 North Commerce Street 413 Crain Highway, S.E.

30165 Three Notch Road

Centreville, Maryland 21617 Glen Burnie, Maryland 21061 Charlotte Hall, Maryland 20622

Stevensville Branch (1)

Severna Park Branch (2)

Prince Frederick Branch (2)

408 Thompson Creek Road 598 Benfield Road 200 Market Square Drive

Stevensville, Maryland 21666 Severna Park, Maryland 21146 Prince Frederick, Maryland 20678

Tuckahoe Branch (1)

Lothian Branch (2)

Lusby Branch (2)

22151 Wes Street 5401 Southern Maryland Boulevard 11725 Rousby Hall Road

Ridgely, Maryland 21660 Lothian, Maryland 20711 Lusby, Maryland 20657

Route 213 South Branch (1)

Denton Branch (1)

La Plata Downtown Branch (1)

2609 Centreville Road 850 South 5 th Avenue

202 Centennial Street

Centreville, Maryland 21617 Denton, Maryland 21629 La Plata, Maryland 20646

Delaware Branch Locations

Felton Branch (2)

Camden Branch (1)

Rehoboth Beach Branch (2)

120 West Main Street 4580 South DuPont Highway 19358 Miller Road

Felton, Delaware 19943 Camden, Delaware 19934 Rehoboth Beach, Delaware 19971

Milford Branch (2)

Governors Ave Branch (1)

698-A North Dupont Boulevard 800 South Governors Avenue

Milford, Delaware 19963 Dover, Delaware 19904

Virginia Branch Locations

Fredericksburg Downtown Branch (1)

Fredericksburg Harrison Crossing Branch (1)

425 William Street 5831 Plank Road

Fredericksburg, Virginia 22401 Fredericksburg, Virginia 22407

ATMs (standalone)

University of Maryland Shore Medical Center at Easton

219 South Washington Street

Easton, Maryland 21601

Administrative and Lending Offices

SHBI Building (1)

Harrison Street Office (1)

Ridgely Training Center (2)

28969 Information Lane

23 South Harrison Street

405 West Bell Road, Unit 4 and 5

Easton, Maryland 21601

Ridgely, Maryland 21660

Commercial Lending Office (2)

Charlottesville

Commercial Lending Office (2)

Fredericksburg

Commercial Lending Office (2)

1434 Rolkin Court, Suite 301 10 Chatham Heights Road, Suite 104 102 Sleepy Hollow, Unit 204

Charlottesville, Virginia 22911 Fredericksburg, Virginia 22405 Middletown, Delaware 19709

Commercial Lending Office (2)

Prince Frederick

Mortgage Loan Office (2)

Hills Building (Clark) (1)

995 North Prince Frederick Boulevard, Suite 105 5291 Corporate Drive, Suite 202 30 Dover Street

Prince Frederick, Maryland 20678 Frederick, Maryland 21703 Easton, Maryland 21601

Michaels Mortgage Office (2)

112 North Talbot Street

Michaels, Maryland 21663

_______________________________

(1) Branch/Office is owned by the Company.

(2) Branch/Office is leased by the Company.

For information about rent expense for all leased premises, see Note 7 – “Premises and Equipment” in the “Notes to Consolidated Financial Statements” included in Part II, Item 8.

of this Annual Report on Form 10-K.

We own or lease buildings across Maryland, Delaware and Virginia that are used in the normal course of our business.

The corporate headquarters for the Company and Bank is located at 18 East Dover Street in Easton, Maryland, and is owned by the Company.

As of December 31, 2025, 27 of the 40 full-service branches the Bank operates were owned by the Company.

For information about our leased premises and properties, see Note 5 – “Leases” and Note 6 – “Premises and Equipment” in the “Notes to Consolidated Financial Statements” included in Part II, Item 8 of this Annual Report on Form 10-K.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties