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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Shareholders' Equity    
Accumulated other comprehensive income, net $ 1,046 $ 2,437
Total Shareholders' Equity 72,790 71,997
Balance Sheets
   
ASSETS    
Cash and due from banks 5,926 9,545
Interest bearing demand deposits with other banks 6,785 34,029
Total cash and cash equivalents 12,711 43,574
Interest-bearing time deposits 738   
Securities    
Available-for-sale at fair value 94,491 126,287
Federal Home Loan Bank of Boston stock at cost 5,340 5,747
Loans held-for-sale 173 1,879
Loans receivable, net (allowance for loan losses: $4,683 and $4,360) 438,178 388,758
Other real estate owned 377 244
Bank premises and equipment, net 11,611 11,520
Goodwill 9,829 9,829
Intangible assets (net of accumulated amortization: $1,967 and $1,745) 576 798
Accrued interest receivable 1,760 1,818
Cash surrender value of life insurance policies 7,529 7,295
Deferred taxes 260   
Other assets 3,536 3,064
Total Assets 587,109 600,813
Deposits    
Demand (non-interest bearing) 84,677 98,850
Demand (interest bearing) 81,932 65,991
Money market 120,550 128,501
Savings and other 107,171 103,985
Certificates of deposit 83,039 93,888
Total deposits 477,369 491,215
Repurchase agreements 2,554 1,784
Federal Home Loan Bank of Boston advances 30,411 31,980
Capital lease liability 425   
Deferred taxes    590
Accrued interest and other liabilities 3,560 3,247
Total Liabilities 514,319 528,816
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 42,240 40,233
Unearned Compensation - restricted stock awards (335)   
Accumulated other comprehensive income, net 1,046 2,437
Total Liabilities and Shareholders' Equity $ 587,109 $ 600,813