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CONSOLIDATED BALANCE SHEETS - Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 5,434 $ 14,891
Interest bearing demand deposits with other banks 30,051 47,227
Total cash and cash equivalents 35,485 62,118
Securities    
Available-for-sale at fair value 79,623 76,694
Federal Home Loan Bank of Boston stock at cost 3,211 3,176
Loans held-for-sale 763
Loans receivable, net (allowance for loan losses: $6,127 and $5,716) 763,184 699,018
Other real estate owned 3,773
Bank premises and equipment, net 14,398 14,307
Goodwill 12,552 12,552
Intangible assets (net of accumulated amortization: $3,511 and $2,910) 1,737 2,338
Accrued interest receivable 2,424 2,307
Cash surrender value of life insurance policies 14,038 13,685
Deferred taxes 1,367 1,989
Other assets 3,574 2,245
Total Assets 935,366 891,192
Deposits    
Demand (non-interest bearing) 218,420 201,340
Demand (interest bearing) 127,854 125,465
Money market 182,476 183,783
Savings and other 135,435 119,651
Certificates of deposit 117,585 124,294
Total deposits 781,770 754,533
Repurchase agreements 5,535 3,914
Federal Home Loan Bank of Boston advances 37,188 26,979
Subordinated debt 9,788 9,764
Note payable 344 376
Capital lease liability 418 422
Accrued interest and other liabilities 6,316 4,630
Total Liabilities 841,359 800,618
Shareholders' Equity    
Common stock - $0.10 per share par value, Authorized: 5,000,000; Issued: 2,758,086 and 2,733,576 276 273
Unearned Compensation - restricted stock awards (352) (110)
Paid-in capital 42,085 41,364
Retained earnings 51,521 47,922
Accumulated other comprehensive income, net 477 1,125
Total Shareholders' Equity 94,007 90,574
Total Liabilities and Shareholders' Equity $ 935,366 $ 891,192