MERGERS AND ACQUISITIONS

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

MERGERS AND ACQUISITIONS

NOTE 2 – MERGERS AND ACQUISITIONS

On December 5, 2014, the Company acquired Riverside Bank. Riverside Bank operated four banking offices serving Dutchess, Ulster and Orange Counties in New York, and was merged with and into the Bank. 

The following table summarizes activity in the accretable yield for the acquired loan portfolio that falls under the purview of ASC 310-30.

(In thousands)		2017			2016
Balance at beginning of period	$	1,190		$	1,901
Acquisitions		—			—
Accretion		(541	)		(980	)
Disposals		(405	)		(342	)
Reclassification from non-accretable to accretable		273			611
Balance at end of period	$	517		$	1,190

At December 31, 2017 and 2016, Salisbury ASC 310-30 loans had an outstanding balance totaling $4.2 million and $8.1 million, respectively. The carrying value as of December 31, 2017 and 2016 was $3.7 million and $7.1 million, respectively.