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CONSOLIDATED BALANCE SHEETS - Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 14,891 $ 13,280
Interest bearing demand deposits with other banks 47,227 22,825
Total cash and cash equivalents 62,118 36,105
Securities    
Available-for-sale at fair value 76,694 91,312
Federal Home Loan Bank of Boston stock at cost 3,176 3,515
Loans held-for-sale 763 568
Loans receivable, net (allowance for loan losses: $5,716 and $5,358) $ 699,018 673,330
Other real estate owned 1,002
Bank premises and equipment, net $ 14,307 14,431
Goodwill 12,552 12,552
Intangible assets (net of accumulated amortization: $2,910 and $2,258) 2,338 2,990
Accrued interest receivable 2,307 2,334
Cash surrender value of life insurance policies 13,685 13,314
Deferred taxes 1,989 2,428
Other assets 2,245 1,546
Total Assets 891,192 855,427
Deposits    
Demand (non-interest bearing) 201,340 161,386
Demand (interest bearing) 125,465 117,169
Money market 183,783 174,274
Savings and other 119,651 121,387
Certificates of deposit 124,294 141,210
Total deposits 754,533 715,426
Repurchase agreements 3,914 4,163
Federal Home Loan Bank of Boston advances 26,979 $ 28,813
Subordinated debt 9,764
Note payable 376
Capital lease liability 422 $ 424
Accrued interest and other liabilities 4,630 4,780
Total Liabilities $ 800,618 753,606
Shareholders' Equity    
Preferred stock - $.01 per share par value, Authorized: 25,000; Issued: 16,000 (Series B); Outstanding: 0 and 16,000; Liquidation preference: $1,000 per share 16,000
Common stock - $.10 per share par value, Authorized: 5,000,000; Issued: 2,733,576 and 2,720,766 $ 273 272
Unearned Compensation - restricted stock awards (110) (313)
Paid-in capital 41,364 41,077
Retained earnings 47,922 42,677
Accumulated other comprehensive income, net 1,125 2,108
Total Shareholders' Equity 90,574 101,821
Total Liabilities and Shareholders' Equity $ 891,192 $ 855,427