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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 4,982 $ 9,545
Interest bearing demand deposits with other banks 26,459 34,029
Total cash and cash equivalents 31,441 43,574
Securities    
Available-for-sale at fair value 118,664 126,287
Federal Home Loan Bank of Boston stock at cost 5,340 5,747
Loans held-for-sale 710 1,879
Loans receivable, net (allowance for loan losses: $4,686 and $4,360) 406,258 388,758
Other real estate owned 712 244
Bank premises and equipment, net 11,340 11,520
Goodwill 9,829 9,829
Intangible assets (net of accumulated amortization: $1,801 and $1,745) 742 798
Accrued interest receivable 2,021 1,818
Cash surrender value of life insurance policies 7,356 7,295
Other assets 2,930 3,064
Total Assets 597,343 600,813
Deposits    
Demand (non-interest bearing) 88,464 98,850
Demand (interest bearing) 67,714 65,991
Money market 129,832 128,501
Savings and other 109,657 103,985
Certificates of deposit 92,106 93,888
Total deposits 487,773 491,215
Repurchase agreements 2,329 1,784
Federal Home Loan Bank of Boston advances 31,574 31,980
Deferred taxes 456 590
Accrued interest and other liabilities 3,005 3,247
Total Liabilities 525,137 528,816
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: 1,709,291 and 1,689,691 171 169
Paid-in capital 13,646 13,158
Retained earnings 40,653 40,233
Unearned Compensation - restricted stock awards (466)   
Accumulated other comprehensive income, net 2,202 2,437
Total Shareholders' Equity 72,206 71,997
Total Liabilities and Shareholders' Equity $ 597,343 $ 600,813