XML 34 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED BALANCE SHEETS (Unaudited) - Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 11,436 $ 13,280
Interest bearing demand deposits with other banks 70,259 22,825
Total cash and cash equivalents 81,695 36,105
Securities    
Available-for-sale at fair value 80,371 91,312
Federal Home Loan Bank of Boston stock at cost 3,515 3,515
Loans held-for-sale 573 568
Loans receivable, net (allowance for loan losses: $5,659 and $5,358) 687,719 673,330
Other real estate owned 167 1,002
Bank premises and equipment, net 14,588 14,431
Goodwill 12,552 12,552
Intangible assets (net of accumulated amortization: $2,752 and $2,258) 2,496 2,990
Accrued interest receivable 2,296 2,334
Cash surrender value of life insurance policies 13,591 13,314
Deferred taxes 2,788 2,428
Other assets 1,882 1,546
Total Assets 904,233 855,427
Deposits    
Demand (non-interest bearing) 194,618 161,386
Demand (interest bearing) 129,779 117,169
Money market 184,409 174,274
Savings and other 123,017 121,387
Certificates of deposit 129,656 141,210
Total deposits 761,479 715,426
Repurchase agreements 4,210 4,163
Federal Home Loan Bank of Boston advances 26,928 $ 28,813
Note payable 380
Capital lease liability 422 $ 424
Accrued interest and other liabilities 5,364 4,780
Total Liabilities 798,783 753,606
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: 5,000,000; Issued: 2,733,576 and 2,720,766 273 272
Paid-in capital 41,362 41,077
Retained earnings 46,558 42,677
Unearned compensation - restricted stock awards (186) (313)
Accumulated other comprehensive income 1,443 2,108
Total Shareholders' Equity 105,450 101,821
Total Liabilities and Shareholders' Equity $ 904,233 $ 855,427