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SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected quarterly consolidated financial data (unaudited)
  Year ended December 31, 2017
  (in thousands, except ratios and per share amounts)
    Q1 2017      Q2 2017      Q3 2017      Q4 2017  
Statement of Income                    
Interest and dividend income  $8,785   $8,687   $8,882   $9,167 
Interest expense   953    1,026    1,116    1,143 
Net interest and dividend income   7,832    7,661    7,766    8,024 
Provision (benefit) for loan losses   352    364    237    67 
Gains on securities, net       (14)       192 
Trust and Wealth Advisory   854    892    874    857 
Service charges and fees   962    902    935    919 
Gains on sales of mortgage loans, net   49    30    25    21 
Mortgage servicing, net   45    31    104    75 
Other   113    110    142    118 
Non-interest income   2,023    1,951    2,080    2,182 
Non-interest expense   7,306    6,751    7,220    8,052 
Income before income taxes   2,197    2,497    2,389    2,087 
Income tax provision   593    615    695    1,011 
Net income   1,604    1,882    1,694    1,076 
Net income allocated to common stock   1,594    1,866    1,677    1,064 
Financial Condition                    
Total assets   939,549    974,806    979,469    986,984 
Loans, net   764,665    771,850    784,136    801,703 
Allowance for loan losses   6,285    6,493    6,494    6,776 
Securities   80,359    84,468    88,546    82,860 
Deposits   772,416    811,341    831,989    815,495 
Repurchase agreements   2,350    2,126    4,529    1,668 
FHLBB advances   52,745    47,302    27,364    54,422 
Shareholders' equity   95,221    96,545    97,526    97,514 
Non-performing assets   10,890    11,690    12,257    7,354 
Per Common Share Data                    
Earnings, basic  $0.58   $0.68   $0.61   $0.39 
Earnings, diluted   0.58    0.67    0.60    0.38 
Cash dividends declared   0.28    0.28    0.28    0.28 
Cash dividends paid   0.28    0.28    0.28    0.28 
Book value   34.38    34.66    35.01    35.01 
Market price: (a)                    
High   40.00    41.50    46.90    48.35 
Low   37.30    38.50    40.40    44.00 
Statistical Data                    
Net interest margin (fully tax equivalent)   3.69%   3.58%   3.50%   3.58%
Efficiency ratio (fully tax equivalent)   68.68    66.56    67.18    64.90 
Return on average assets   0.70    0.77    0.69    0.43 
Return on average shareholders' equity   6.83    7.82    6.89    4.38 
Weighted average common shares outstanding, basic   2,749    2,757    2,757    2,757 
Weighted average common shares outstanding, diluted   2,768    2,775    2,777    2,778 
(a)The above market prices reflect inter-dealer prices, without retail markup, markdown or commissions, and may not necessarily represent actual transactions.


Salisbury Bancorp, Inc.'s Common Stock, par value $0.10 per share ("Common Stock") trades on the NASDAQ Capital Market under the symbol: SAL. As of March 1, 2018, there were approximately 2,340 shareholders of record of the Company’s Common Stock.

Selected quarterly consolidated financial data (unaudited) continued:

  Year ended December 31, 2016
  (in thousands, except ratios and per share amounts)
    Q1 2016      Q2 2016      Q3 2016      Q4 2016  
Statement of Income                    
Interest and dividend income  $8,583   $8,522   $8,670   $8,679 
Interest expense   919    955    983    992 
Net interest and dividend income   7,664    7,567    7,687    7,687 
Provision (benefit) for loan losses   463    525    344    503 
Gains on securities, net   2    146    9    427 
Trust and Wealth Advisory   784    884    849    821 
Service charges and fees   702    753    822    856 
Gains on sales of mortgage loans, net   39    57    55    78 
Mortgage servicing, net   34    45    40    37 
Other   114    116    113    108 
Non-interest income   1,675    2,001    1,888    2,327 
Non-interest expense   6,837    6,640    6,500    7,411 
Income before income taxes   2,039    2,403    2,731    2,100 
Income tax provision   527    669    812    580 
Net income   1,512    1,734    1,919    1,520 
Net income allocated to common stock   1,499    1,721    1,904    1,509 
Financial Condition                    
Total assets  $891,804   $913,494   $928,445   $935,366 
Loans, net   728,845    749,523    753,623    763,184 
Allowance for loan losses   5,877    5,718    5,892    6,127 
Securities   82,151    83,874    79,738    82,834 
Deposits   755,658    754,471    786,730    781,770 
Repurchase agreements   2,620    3,355    3,581    5,535 
FHLBB advances   27,031    47,083    27,134    37,188 
Shareholders' equity   91,402    92,584    93,554    94,007 
Non-performing assets   16,829    14,579    14,496    12,565 
Per Common Share Data                    
Earnings, basic  $0.55   $0.63   $0.70   $0.55 
Earnings, diluted   0.55    0.63    0.69    0.55 
Cash dividends declared   0.28    0.28    0.28    0.28 
Cash dividends paid   0.28    0.28    0.28    0.28 
Book value   27.84    28.28    28.63    28.90 
Market price: (a)                    
High   34.43    32.75    32.52    38.15 
Low   29.51    29.78    29.60    30.92 
Statistical Data                    
Net interest margin (fully tax equivalent)   3.79%   3.71%   3.57%   3.45%
Efficiency ratio (fully tax equivalent)   69.28    66.51    64.13    67.08 
Return on average assets   0.68    0.77    0.81    0.65 
Return on average shareholders' equity   6.68    7.58    8.20    6.43 
Weighted average common shares outstanding, basic   2,723    2,735    2,737    2,737 
Weighted average common shares outstanding, diluted   2,741    2,749    2,751    2,755 
(a)The above market prices reflect inter-dealer prices, without retail markup, markdown or commissions, and may not necessarily represent actual transactions.