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CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest and dividend income    
Interest and fees on loans $ 4,595 $ 4,664
Interest on debt securities    
Taxable 716 783
Tax exempt 534 554
Other interest and dividends 13 38
Total interest and dividend income 5,858 6,039
Interest expense    
Deposits 667 871
Repurchase agreements 13 15
Federal Home Loan Bank of Boston advances 495 646
Total interest expense 1,175 1,532
Net interest and dividend income 4,683 4,507
Provision for loan losses 180 330
Net interest and dividend income after provision for loan losses 4,503 4,177
Non-interest income    
Trust and wealth advisory 755 667
Service charges and fees 521 499
Gains on sales of mortgage loans, net 372 133
Mortgage servicing, net (84) 32
Gains on securities, net 12 11
Other 83 59
Total non-interest income 1,659 1,401
Non-interest expense    
Salaries 1,710 1,729
Employee benefits 690 634
Premises and equipment 605 583
Data processing 402 377
Professional fees 313 280
Collections and OREO 111 126
FDIC insurance 128 223
Marketing and community support 87 68
Amortization of intangibles 56 56
Other 398 348
Total non-interest expense 4,500 4,424
Income before income taxes 1,662 1,154
Income tax provision 412 211
Net income 1,250 943
Net income available to common shareholders $ 1,167 $ 828
Basic and diluted earnings per share $ 0.69 $ 0.49
Common dividends per share $ 0.28 $ 0.28