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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 8,010 $ 7,238
Interest bearing demand deposits with other banks 40,503 51,207
Total cash and cash equivalents 48,513 58,445
Securities    
Available-for-sale at fair value 100,149 91,818
CRA mutual fund 869 836
Federal Home Loan Bank of Boston stock at cost 2,839 4,496
Loans held-for-sale 403
Loans receivable, net (allowance for loan losses: $8,887 and $7,831) 910,573 909,279
Other real estate owned 401 1,810
Bank premises and equipment, net 17,609 18,175
Goodwill 13,815 13,815
Intangible assets (net of accumulated amortization: $4,700 and $4,497) 1,180 1,383
Accrued interest receivable 3,439 3,148
Cash surrender value of life insurance policies 15,355 14,438
Deferred taxes 707 1,276
Other assets 3,360 2,635
Total Assets 1,119,212 1,121,554
Deposits    
Demand (non-interest bearing) 231,019 228,448
Demand (interest bearing) 156,687 153,586
Money market 231,987 204,219
Savings and other 158,809 178,807
Certificates of deposit 172,221 161,679
Total deposits 950,723 926,739
Repurchase agreements 6,308 4,104
Federal Home Loan Bank of Boston advances 32,769 67,154
Subordinated debt 9,847 9,835
Note payable 263 280
Financial lease obligations 3,011 3,081
Accrued interest and other liabilities 7,343 6,902
Total Liabilities 1,010,264 1,018,095
Shareholders' Equity    
Common stock - $.10 per share par value; Authorized: 5,000,000; Issued: 2,899,658 and 2,884,988; Outstanding: 2,823,476 and 2,806,781 282 281
Unearned compensation - restricted stock awards (1,075) (711)
Paid-in capital 44,382 43,770
Retained earnings 63,905 60,339
Accumulated other comprehensive income (loss), net 1,454 (220)
Total Shareholders' Equity 108,948 103,459
Total Liabilities and Shareholders' Equity $ 1,119,212 $ 1,121,554