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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 6,051 $ 9,545
Interest bearing demand deposits with other banks 26,909 34,029
Total cash and cash equivalents 32,960 43,574
Interest-bearing time deposits 4,233   
Securities    
Available-for-sale at fair value 106,610 126,287
Federal Home Loan Bank of Boston stock at cost 5,340 5,747
Loans held-for-sale 864 1,879
Loans receivable, net (allowance for loan losses: $4,632 and $4,360) 416,729 388,758
Other real estate owned 435 244
Bank premises and equipment, net 11,288 11,520
Goodwill 9,829 9,829
Intangible assets (net of accumulated amortization: $1,856 and $1,745) 687 798
Accrued interest receivable 2,002 1,818
Cash surrender value of life insurance policies 7,416 7,295
Deferred taxes 285   
Other assets 2,034 3,064
Total Assets 600,712 600,813
Deposits    
Demand (non-interest bearing) 90,203 98,850
Demand (interest bearing) 73,606 65,991
Money market 134,052 128,501
Savings and other 104,331 103,985
Certificates of deposit 89,848 93,888
Total deposits 492,040 491,215
Repurchase agreements 2,980 1,784
Federal Home Loan Bank of Boston advances 31,187 31,980
Deferred taxes    590
Accrued interest and other liabilities 3,016 3,247
Total Liabilities 529,223 528,816
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: 1,710,121 and 1,689,691 171 169
Paid-in capital 13,668 13,158
Retained earnings 41,279 40,233
Unearned Compensation - restricted stock awards (415)   
Accumulated other comprehensive income, net 786 2,437
Total Shareholders' Equity 71,489 71,997
Total Liabilities and Shareholders' Equity $ 600,712 $ 600,813