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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 8,853 $ 10,599
Interest bearing demand deposits with other banks 170,973 82,563
Total cash and cash equivalents 179,826 93,162
Interest bearing Time Deposits with Financial Institutions 750 750
Securities    
Available-for-sale at fair value 150,530 98,411
CRA mutual fund at fair value 909 917
Federal Home Loan Bank of Boston stock at cost 1,504 1,713
Loans held-for-sale 415 2,735
Loans receivable, net (allowance for loan losses: $12,708 and $13,754) 1,032,345 1,027,738
Bank premises and equipment, net 21,375 20,355
Goodwill 13,815 13,815
Intangible assets (net of accumulated amortization: $5,343 and $5,207) 538 674
Accrued interest receivable 6,357 6,373
Cash surrender value of life insurance policies 21,433 21,182
Deferred taxes 2,390 2,412
Other assets 4,479 3,423
Total Assets 1,436,666 1,293,660
Deposits    
Demand (non-interest bearing) 359,517 310,769
Demand (interest bearing) 224,791 218,869
Money market 315,518 278,146
Savings and other 206,887 189,776
Certificates of deposit 136,656 131,514
Total deposits 1,243,369 1,129,074
Repurchase agreements 17,492 7,116
Federal Home Loan Bank of Boston advances 10,152 12,639
Subordinated debt 24,445 9,883
Note payable 189 208
Finance lease obligations 1,646 1,673
Accrued interest and other liabilities 7,664 8,315
Total Liabilities 1,304,957 1,168,908
Shareholders' Equity    
Outstanding: 2,861,697 and 2,843,292 286 284
Unearned compensation - restricted stock awards (1,224) (774)
Paid-in capital 46,217 45,264
Retained earnings 84,174 76,974
Accumulated other comprehensive income, net 2,256 3,004
Total Shareholders' Equity 131,709 124,752
Total Liabilities and Shareholders' Equity $ 1,436,666 $ 1,293,660