XML 30 R14.htm IDEA: XBRL DOCUMENT v3.20.1
PLEDGED ASSETS
12 Months Ended
Dec. 31, 2019
Guarantees [Abstract]  
PLEDGED ASSETS

NOTE 7 - PLEDGED ASSETS

The following securities and loans were pledged to secure public and trust deposits, securities sold under agreements to repurchase, FHLBB advances and credit facilities available.

December 31, (in thousands)    2019      2018  
Securities available-for-sale (at fair value)  $52,845   $80,991 
Loans receivable (at book value)   434,329    328,674 
Total pledged assets  $487,174   $409,665 

 

At December 31, 2019, securities were pledged as follows: $43.55 million to secure public deposits, $9.25 million to secure repurchase agreements and $0.05 million to secure FHLBB advances. During 2019, additional loans receivable were pledged to secure incremental borrowing capacity from the FHLBB.