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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 7,238 $ 9,357
Interest bearing demand deposits with other banks 51,207 39,129
Total cash and cash equivalents 58,445 48,486
Securities    
Available-for-sale at fair value 91,818 78,212
CRA mutual fund 836 835
Federal Home Loan Bank of Boston stock at cost 4,496 3,813
Loans held-for-sale 669
Loans receivable, net (allowance for loan losses: $7,831 and $6,776) 909,279 801,703
Other real estate owned 1,810 719
Bank premises and equipment, net 18,175 16,401
Goodwill 13,815 13,815
Intangible assets (net of accumulated amortization: $4,498 and $4,043) 1,383 1,837
Accrued interest receivable 3,148 2,665
Cash surrender value of life insurance policies 14,438 14,381
Deferred taxes 1,276 677
Other assets 2,635 2,771
Total Assets 1,121,554 986,984
Deposits    
Demand (non-interest bearing) 228,448 220,536
Demand (interest bearing) 153,586 142,575
Money market 204,219 190,953
Savings and other 178,807 144,600
Certificates of deposit 161,679 116,831
Total deposits 926,739 815,495
Repurchase agreements 4,104 1,668
Federal Home Loan Bank of Boston advances 67,154 54,422
Subordinated debt 9,835 9,811
Note payable 280 313
Capital lease liability 3,081 1,835
Accrued interest and other liabilities 6,902 5,926
Total Liabilities 1,018,095 889,470
Shareholders' Equity    
Common stock - $.10 per share par value; Authorized: 5,000,000; Issued: 2,884,988 and 2,872,578; Outstanding: 2,806,781 and 2,785,216 281 279
Unearned compensation - restricted stock awards (711) (606)
Paid-in capital 43,770 42,998
Retained earnings 60,339 54,664
Accumulated other comprehensive (loss) income, net (220) 179
Total Shareholders' Equity 103,459 97,514
Total Liabilities and Shareholders' Equity $ 1,121,554 $ 986,984