EASTON – Shore Bancshares reported net income of $1.216 million for Q4 2009, a drop from the $1.951 million for the previous quarter and the $2.261 million for the year-ago period.  For all of 2009, net income was $5.4 million, a little less than half of the $11.5 million reported in 2008.  Numbers were lower in 2009 because the bank holding company took a hit with the sale and repurchase of preferred stock under the U.S. Treasury’s TARP program.

See full release.