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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 7,679 $ 9,545
Interest bearing demand deposits with other banks 16,040 34,029
Total cash and cash equivalents 23,719 43,574
Interest-bearing time deposits 5,220   
Securities    
Available-for-sale at fair value 99,816 126,287
Federal Home Loan Bank of Boston stock at cost 5,340 5,747
Loans held-for-sale 708 1,879
Loans receivable, net (allowance for loan losses: $4,656 and $4,360) 420,306 388,758
Other real estate owned 571 244
Bank premises and equipment, net 11,253 11,520
Goodwill 9,829 9,829
Intangible assets (net of accumulated amortization: $1,912 and $1,745) 631 798
Accrued interest receivable 1,823 1,818
Cash surrender value of life insurance policies 7,480 7,295
Deferred taxes 719   
Other assets 2,066 3,064
Total Assets 589,481 600,813
Deposits    
Demand (non-interest bearing) 83,892 98,850
Demand (interest bearing) 79,232 65,991
Money market 125,070 128,501
Savings and other 107,380 103,985
Certificates of deposit 84,295 93,888
Total deposits 479,869 491,215
Repurchase agreements 3,870 1,784
Federal Home Loan Bank of Boston advances 30,801 31,980
Deferred taxes    590
Accrued interest and other liabilities 3,730 3,247
Total Liabilities 518,270 528,816
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 41,779 40,233
Unearned Compensation - restricted stock awards (375)   
Accumulated other comprehensive income (loss), net (32) 2,437
Total Shareholders' Equity 71,211 71,997
Total Liabilities and Shareholders' Equity $ 589,481 $ 600,813