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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 9,357 $ 5,434
Interest bearing demand deposits with other banks 39,129 30,051
Total cash and cash equivalents 48,486 35,485
Securities    
Available-for-sale at fair value 79,047 79,623
Federal Home Loan Bank of Boston stock at cost 3,813 3,211
Loans held-for-sale 669
Loans receivable, net (allowance for loan losses: $6,776 and $6,127) 801,703 763,184
Other real estate owned 719 3,773
Bank premises and equipment, net 16,401 14,398
Goodwill 13,815 12,552
Intangible assets (net of accumulated amortization: $4,044 and $3,511) 1,837 1,737
Accrued interest receivable 2,665 2,424
Cash surrender value of life insurance policies 14,381 14,038
Deferred taxes 677 1,367
Other assets 2,771 3,574
Total Assets 986,984 935,366
Deposits    
Demand (non-interest bearing) 220,536 218,420
Demand (interest bearing) 142,575 127,854
Money market 190,953 182,476
Savings and other 144,600 135,435
Certificates of deposit 116,831 117,585
Total deposits 815,495 781,770
Repurchase agreements 1,668 5,535
Federal Home Loan Bank of Boston advances 54,422 37,188
Subordinated debt 9,811 9,788
Note payable 313 344
Capital lease liability 1,835 418
Accrued interest and other liabilities 5,926 6,316
Total Liabilities 889,470 841,359
Shareholders' Equity    
Common stock - $0.10 per share par value; Authorized: 5,000,000; Issued: 2,872,578 and 2,859,654; Outstanding: 2,785,216 and 2,758,086 279 276
Unearned compensation - restricted stock awards (606) (352)
Paid-in capital 42,998 42,085
Retained earnings 54,664 51,521
Accumulated other comprehensive income, net 179 477
Total Shareholders' Equity 97,514 94,007
Total Liabilities and Shareholders' Equity $ 986,984 $ 935,366