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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 6,061 $ 4,829
Interest bearing demand deposits with other banks 59,355 32,057
Total cash and cash equivalents 65,416 36,886
Securities    
Available-for-sale at fair value 125,665 155,794
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 1,595 948
Loans receivable, net (allowance for loan losses: $4,179 and $4,076) 377,377 370,766
Other real estate owned 641 2,744
Bank premises and equipment, net 11,619 12,023
Goodwill 9,829 9,829
Intangible assets (net of accumulated amortization: $1,690 and $1,523) 853 1,020
Accrued interest receivable 1,966 2,126
Cash surrender value of life insurance policies 7,239 7,037
Deferred taxes 57 829
Other assets 3,033 3,200
Total Assets 611,037 609,284
Deposits    
Demand (non-interest bearing) 90,064 82,202
Demand (interest bearing) 66,535 66,332
Money market 136,512 124,566
Savings and other 100,462 94,503
Certificates of deposit 96,633 103,703
Total deposits 490,206 471,306
Repurchase agreements 2,941 12,148
Federal Home Loan Bank of Boston advances 42,392 54,615
Accrued interest and other liabilities 5,124 4,353
Total Liabilities 540,663 542,422
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 40,175 38,264
Accumulated other comprehensive loss, net 872 (705)
Total Shareholders' Equity 70,374 66,862
Total Liabilities and Shareholders' Equity $ 611,037 $ 609,284