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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 6,833 $ 5,434
Interest bearing demand deposits with other banks 42,570 30,051
Total cash and cash equivalents 49,403 35,485
Securities    
Available-for-sale at fair value 85,508 79,623
Federal Home Loan Bank of Boston stock at cost 3,038 3,211
Loans held-for-sale 561
Loans receivable, net (allowance for loan losses: $6,494 and $6,127) 784,136 763,184
Other real estate owned 3,944 3,773
Bank premises and equipment, net 16,329 14,398
Goodwill 13,815 12,552
Intangible assets (net of accumulated amortization: $3,906 and $3,511) 1,974 1,737
Accrued interest receivable 2,520 2,424
Cash surrender value of life insurance policies 14,297 14,038
Deferred taxes 1,326 1,367
Other assets 2,618 3,574
Total Assets 979,469 935,366
Deposits    
Demand (non-interest bearing) 225,496 218,420
Demand (interest bearing) 139,521 127,854
Money market 196,745 182,476
Savings and other 152,570 135,435
Certificates of deposit 117,657 117,585
Total deposits 831,989 781,770
Repurchase agreements 4,529 5,535
Federal Home Loan Bank of Boston advances 27,364 37,188
Subordinated debt 9,805 9,788
Note payable 321 344
Capital lease liability 1,859 418
Accrued interest and other liabilities 6,076 6,316
Total Liabilities 881,943 841,359
Shareholders' Equity    
Common stock - $.10 per share par value; Authorized: 5,000,000; Issued: 2,785,916 and 2,758,086 279 276
Paid-in capital 42,983 42,085
Retained earnings 54,368 51,521
Unearned compensation - restricted stock awards (660) (352)
Accumulated other comprehensive income, net 556 477
Total Shareholders' Equity 97,526 94,007
Total Liabilities and Shareholders' Equity $ 979,469 $ 935,366