MERGERS AND ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Consideration paid

Consideration Paid: (In thousands)		Amount
Salisbury Bancorp common stock issued to Riverside Bank common stockholders	$	27,230
Cash consideration paid for fractional shares		1
Riverside stock options, vested upon acquisition		20
Total consideration paid	$	27,251

Recognized amounts of identifiable assets acquired and liabilities assumed, at fair value

Recognized amounts of identifiable assets acquired and liabilities					Fair Value				As Recorded
assumed, at fair value:		As Acquired			Adjustment				at Acquisition
Cash and cash equivalents	$	18,650		$	—			$	18,650
Investment securities		11,820			(78	)	(a)		11,742
Loans		204,398			(8,093	)	(b)		196,305
Premises and equipment		1,046			497		(c)		1,543
Other assets		7,006			—				7,006
Core deposit intangible		—			2,215				2,215
Deposits		(210,559	)		(641	)	(d)		(211,200	)
Other liabilities		(1,733	)		—				(1,733	)
Total identifiable net assets	$	30,628		$	(6,100	)		$	24,528
Goodwill								$	2,723

Acquired loan portfolio subject to purchased credit impaired loan accounting guidance

(In thousands)		ASC 310-30 Loans
Contractually required principal and interest at acquisition	$	16,209
Contractual cash flows not expected to be collected (nonaccretable discount)		(4,288	)
Expected cash flows at acquisition		11,921
Interest component of expected cash flows (accretable discount)		(1,293	)
Fair value of acquired loans	$	10,628

The following table summarizes activity in the accretable yield for the acquired loan portfolio that falls under the purview of ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality.

(In thousands)		2014
Balance at beginning of period	$	—
Acquisitions		1,293
Accretion		(51	)
Balance at end of period	$	1,242

Pro forma results of operations of Riverside Bank since acquisition date

Years ended December 31, (in thousands)		2014		2013		2012
Total revenue	$	39,841	$	39,640	$	43,001
Net income		6,411		7,136		7,654
Net income available to common shareholders		6,245		6,975		7,438
Earnings per share
Basic	$	2.26	$	2.59	$	2.77
Diluted		2.24		2.57		2.64