XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 6,917 $ 4,829
Interest bearing demand deposits with other banks 37,058 32,057
Total cash and cash equivalents 43,975 36,886
Securities    
Available-for-sale at fair value 135,662 155,794
Held-to-maturity at amortized cost (fair value: $ - and $52)    50
Federal Home Loan Bank of Boston stock at cost 5,747 6,032
Loans held-for-sale 3,155 948
Loans receivable, net (allowance for loan losses: $4,208 and $4,076) 377,212 370,766
Other real estate owned    2,744
Bank premises and equipment, net 11,725 12,023
Goodwill 9,829 9,829
Intangible assets (net of accumulated amortization: $1,635 and $1,523) 909 1,020
Accrued interest receivable 2,652 2,126
Cash surrender value of life insurance policies 7,172 7,037
Deferred taxes 367 829
Other assets 2,452 3,200
Total Assets 600,857 609,284
Deposits    
Demand (non-interest bearing) 87,615 82,202
Demand (interest bearing) 62,728 66,332
Money market 130,976 124,566
Savings and other 97,147 94,503
Certificates of deposit 99,444 103,703
Total deposits 477,910 471,306
Repurchase agreements 6,181 12,148
Federal Home Loan Bank of Boston advances 42,801 54,615
Accrued interest and other liabilities 4,839 4,353
Total Liabilities 531,731 542,422
Commitments and contingencies      
Shareholders' Equity    
Preferred stock - $.01 per share par value Authorized: 25,000; Issued: 16,000 (Series B); Liquidation preference: $1,000 per share 16,000 16,000
Common stock - $.10 per share par value Authorized: 3,000,000; Issued: 1,689,691 and 1,688,731 169 169
Paid-in capital 13,158 13,134
Retained earnings 39,554 38,264
Accumulated other comprehensive loss, net 245 (705)
Total Shareholders' Equity 69,126 66,862
Total Liabilities and Shareholders' Equity $ 600,857 $ 609,284