MERGERS AND ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2016

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 and activity in the accretable yield

(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

(In thousands)		2016			2015
Balance at beginning of period	$	1,901		$	1,242
Accretion		(980	)		(1,109	)
Disposals		(342	)		—
Reclassification from non-accretable to accretable		611			1,768
Balance at end of period	$	1,190		$	1,901

Pro forma results of operations of Riverside Bank since acquisition date

Years ended December 31, (in thousands)		2014
Total revenue	$	39,841
Net income		6,411
Net income allocated to common stock		6,245
Earnings per share
Basic	$	2.26
Diluted		2.24