MERGERS AND ACQUISITIONS

12 Months Ended

Dec. 31, 2018

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)		2018			2017
Balance at beginning of period	$	517		$	1,190
Acquisitions		—			—
Accretion		(164	)		(541	)
Disposals		(149	)		(405	)
Reclassification from non-accretable to accretable		—			273
Balance at end of period	$	204		$	517

At December 31, 2018 and 2017, Salisbury ASC 310-30 loans had an outstanding balance totaling $2.1 million and $4.2 million, respectively. The carrying value as of December 31, 2018 and 2017 was $1.9 million and $3.7 million, respectively.