−Removed: Quantitative and Qualitative Disclosures about Market Risk.
+Added: Item 3 – Quantitative and Qualitative Disclosures about Market Risk.
Our primary market risk is interest rate fluctuation, and management has procedures in place to evaluate and mitigate this risk.
−Removed: This risk and these procedures are discussed in Item 7 of Part II of the Annual Report of Shore Bancshares, Inc.
−Removed: on Form 10-K for the year ended December 31, 2012 under the caption “Market Risk Management”.
−Removed: Management believes that there have been no material changes in our market risks, the procedures used to evaluate and mitigate these risks, or our actual and simulated sensitivity positions since December 31, 2012.
+Added: This risk and these procedures are discussed in Item 7 of Part II of the 2022 Annual Report under the caption “Market Risk Management and Interest Sensitivity”.
+Added: Management recognizes that recent increases in interest rates have had an impact on the Company’s market risk.
+Added: The procedures used to evaluate and mitigate these risks remain unchanged, and we continue to monitor our actual and simulated sensitivity positions since December 31, 2022.
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.