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NOTE 13 - SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
NOTE 13 - SUBSEQUENT EVENTS

NOTE 13 - SUBSEQUENT EVENTS

On April 21, 2021 the Board of Directors increased and declared a quarterly dividend of $0.30 per common share payable on May 28, 2021 to shareholders of record as of May 14, 2021. The Board of Directors also authorized the full redemption of Salisbury's $10 million outstanding subordinated debt, issued in December 2015, on May 28, 2021.

On a year-to-date basis through May 4, 2021, Salisbury processed 470 loan applications, for approximately $48 million, under the PPP program.