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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 5,953 $ 9,357
Interest bearing demand deposits with other banks 71,520 39,129
Total cash and cash equivalents 77,473 48,486
Securities    
Available-for-sale at fair value 85,057 78,212
CRA mutual fund 825 835
Federal Home Loan Bank of Boston stock at cost 4,988 3,813
Loans held-for-sale 206 669
Loans receivable, net (allowance for loan losses: $7,381 and $6,776) 872,796 801,703
Other real estate owned 478 719
Bank premises and equipment, net 18,811 16,401
Goodwill 13,815 13,815
Intangible assets (net of accumulated amortization: $4,279 and $4,043) 1,601 1,837
Accrued interest receivable 3,025 2,665
Cash surrender value of life insurance policies 14,544 14,381
Deferred taxes 1,101 677
Other assets 2,060 2,771
Total Assets 1,096,780 986,984
Deposits    
Demand (non-interest bearing) 215,149 220,536
Demand (interest bearing) 147,120 142,575
Money market 228,918 190,953
Savings and other 172,701 144,600
Certificates of deposit 133,593 116,831
Total deposits 897,481 815,495
Repurchase agreements 1,691 1,668
Federal Home Loan Bank of Boston advances 79,538 54,422
Subordinated debt 9,823 9,811
Note payable 297 313
Capital lease liability 3,147 1,835
Accrued interest and other liabilities 5,623 5,926
Total Liabilities 997,600 889,470
Shareholders' Equity    
Common stock - $.10 per share par value; Authorized: 5,000,000; Issued: 2,885,788 and 2,872,578; Outstanding: 2,803,126 and 2,785,216 280 279
Unearned compensation - restricted stock awards (983) (606)
Paid-in capital 43,727 42,998
Retained earnings 57,002 54,664
Accumulated other comprehensive (loss) income, net (846) 179
Total Shareholders' Equity 99,180 97,514
Total Liabilities and Shareholders' Equity $ 1,096,780 $ 986,984