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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest and dividend income        
Interest and fees on loans $ 4,470 $ 4,582 $ 8,898 $ 9,178
Interest on debt securities        
Taxable 468 659 941 1,375
Tax exempt 478 510 966 1,044
Other interest and dividends 18 15 36 27
Total interest and dividend income 5,434 5,766 10,841 11,624
Interest expense        
Deposits 488 623 978 1,290
Repurchase agreements 1 6 2 19
Federal Home Loan Bank of Boston advances 312 451 624 946
Total interest expense 801 1,080 1,604 2,255
Net interest and dividend income 4,633 4,686 9,237 9,369
Provision for loan losses 240 180 636 360
Net interest and dividend income after provision for loan losses 4,393 4,506 8,601 9,009
Non-interest income        
Trust and wealth advisory 824 735 1,549 1,490
Service charges and fees 575 547 1,092 1,068
Gains on sales of mortgage loans, net 153 263 431 635
Mortgage servicing, net 8 (5) 34 (89)
Gains on securities, net    267    279
Other 90 83 169 166
Total non-interest income 1,650 1,890 3,275 3,549
Non-interest expense        
Salaries 1,835 1,748 3,585 3,458
Employee benefits 763 957 1,448 1,647
Premises and equipment 583 591 1,166 1,196
Data processing 367 418 787 821
Professional fees 309 303 689 616
Collections and OREO 75 356 230 467
FDIC insurance 114 119 239 247
Marketing and community support 105 87 228 175
Amortization of intangibles 56 56 111 111
Other 403 390 833 788
Total non-interest expense 4,610 5,025 9,316 9,526
Income before income taxes 1,433 1,371 2,560 3,032
Income tax provision 289 254 476 666
Net income 1,144 1,117 2,084 2,366
Net income available to common shareholders $ 1,092 $ 1,069 $ 1,985 $ 2,234
Basic earnings per common share $ 0.65 $ 0.63 $ 1.17 $ 1.32
Diluted earnings per common share $ 0.65 $ 0.63 $ 1.17 $ 1.32
Common dividends per share $ 0.28 $ 0.28 $ 0.56 $ 0.56