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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 6,944 $ 7,238
Interest bearing demand deposits with other banks 41,685 51,207
Total cash and cash equivalents 48,629 58,445
Securities    
Available-for-sale at fair value 98,255 91,818
CRA mutual fund at fair value 852 836
Federal Home Loan Bank of Boston stock at cost 3,372 4,496
Loans receivable, net (allowance for loan losses: $8,750 and $7,831) 911,188 909,279
Other real estate owned 741 1,810
Bank premises and equipment, net 17,812 18,175
Goodwill 13,815 13,815
Intangible assets (net of accumulated amortization: $4,601 and $4,497) 1,279 1,383
Accrued interest receivable 3,411 3,148
Cash surrender value of life insurance policies 15,267 14,438
Deferred taxes 766 1,276
Other assets 3,538 2,635
Total Assets 1,118,925 1,121,554
Deposits    
Demand (non-interest bearing) 219,168 228,448
Demand (interest bearing) 157,123 153,586
Money market 203,309 204,219
Savings and other 190,011 178,807
Certificates of deposit 172,358 161,679
Total deposits 941,969 926,739
Repurchase agreements 2,951 4,104
Federal Home Loan Bank of Boston advances 47,712 67,154
Subordinated debt 9,841 9,835
Note payable 272 280
Financial lease obligations 3,046 3,081
Accrued interest and other liabilities 7,025 6,902
Total Liabilities 1,012,816 1,018,095
Shareholders' Equity    
Common stock - $.10 per share par value; Authorized: 5,000,000; Issued: 2,884,888 and 2,884,988; Outstanding: 2,806,681 and 2,806,781 281 281
Unearned compensation - restricted stock awards (606) (711)
Paid-in capital 43,765 43,770
Retained earnings 61,989 60,339
Accumulated other comprehensive income (loss), net 680 (220)
Total Shareholders' Equity 106,109 103,459
Total Liabilities and Shareholders' Equity $ 1,118,925 $ 1,121,554