PLEDGED ASSETS

12 Months Ended

Dec. 31, 2012

Banking and Thrift [Abstract]

PLEDGED ASSETS

NOTE 5 - PLEDGED ASSETS

The following securities and loans were pledged to secure public and trust deposits, securities sold under agreements to repurchase, FHLBB advances and credit facilities available.

Years ended December 31, (in thousands)	2012	2011
Securities available-for-sale (at fair value)	$ 54,497	$ 68,839
Loans receivable	106,457	132,720
Total pledged assets	$ 160,954	$ 201,559

At December 31, 2012 securities were pledged as follows: $44.2 million to secure public deposits, $10.1 million to secure repurchase agreements and $0.2 million to secure FHLBB and FRB advances. Loans receivable were pledged to secure FHLBB advances and credit facilities.