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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 8,785 $ 10,599
Interest bearing demand deposits with other banks 150,411 82,563
Total cash and cash equivalents 159,196 93,162
Interest bearing Time Deposits with Financial Institutions 750 750
Securities    
Available-for-sale at fair value 127,343 98,411
CRA mutual fund at fair value 904 917
Federal Home Loan Bank of Boston stock at cost 1,713 1,713
Loans held-for-sale 2,313 2,735
Loans receivable, net (allowance for loan losses: $13,886 and $13,754) 1,041,185 1,027,738
Bank premises and equipment, net 20,831 20,355
Goodwill 13,815 13,815
Intangible assets (net of accumulated amortization: $5,278 and $5,207) 603 674
Accrued interest receivable 6,237 6,373
Cash surrender value of life insurance policies 21,307 21,182
Deferred taxes 2,849 2,412
Other assets 4,083 3,423
Total Assets 1,403,129 1,293,660
Deposits    
Demand (non-interest bearing) 334,638 310,769
Demand (interest bearing) 229,200 218,869
Money market 311,971 278,146
Savings and other 207,109 189,776
Certificates of deposit 128,253 131,514
Total deposits 1,211,171 1,129,074
Repurchase agreements 8,687 7,116
Federal Home Loan Bank of Boston advances 11,396 12,639
Subordinated debt 34,305 9,883
Note payable 197 208
Finance lease obligations 1,658 1,673
Accrued interest and other liabilities 8,473 8,315
Total Liabilities 1,275,887 1,168,908
Shareholders' Equity    
Outstanding: 2,845,147 and 2,843,292 285 284
Unearned compensation - restricted stock awards (646) (774)
Paid-in capital 45,369 45,264
Retained earnings 80,675 76,974
Accumulated other comprehensive income, net 1,559 3,004
Total Shareholders' Equity 127,242 124,752
Total Liabilities and Shareholders' Equity $ 1,403,129 $ 1,293,660