0001554795-22-000250.txt : 20220720 0001554795-22-000250.hdr.sgml : 20220720 20220720132216 ACCESSION NUMBER: 0001554795-22-000250 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20220720 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220720 DATE AS OF CHANGE: 20220720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALISBURY BANCORP, INC. CENTRAL INDEX KEY: 0001060219 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 061514263 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14854 FILM NUMBER: 221093745 BUSINESS ADDRESS: STREET 1: 5 BISSELL ST STREET 2: PO BOX 1868 CITY: LAKEVILLE STATE: CT ZIP: 06039-1868 BUSINESS PHONE: 8604359801 MAIL ADDRESS: STREET 1: 5 BISSELL ST STREET 2: PO BOX 1868 CITY: LAKEVILLE STATE: CT ZIP: 06039-1868 FORMER COMPANY: FORMER CONFORMED NAME: Salisbury Bancorp, Inc. DATE OF NAME CHANGE: 20210422 FORMER COMPANY: FORMER CONFORMED NAME: SALISBURY BANCORP INC DATE OF NAME CHANGE: 19980420 8-K 1 sal0720form8k.htm FORM 8-K
0001060219 false 0001060219 2022-07-20 2022-07-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________

 

FORM 8-K

________________________

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)

July 20, 2022

________________________

SALISBURY BANCORP, INC.

(Exact name of registrant as specified in its charter)

________________________

 

Connecticut

(State of other jurisdiction

of incorporation)

  

001-14854

(Commission

File Number)

  

06-1514263

(IRS Employer

Identification No.)

 

5 Bissell Street, Lakeville, Connecticut

(Address of principal executive offices)

  

 

 

06039

(Zip Code)

 

  Registrant’s telephone number, including area code: (860) 435-9801  
 

(Former name or former address, if changed since last report)

________________________

  
           

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered
Common Stock, $0.10 par value per share SAL NASDAQ

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

   

 

 

 

Section 2. Financial Information

 

Item 2.02.Results of Operations and FInancial Condition

 

On July 20, 2022 Salisbury Bancorp, Inc. (“Salisbury”) (NASDAQ: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), issued a press release announcing results for its first quarter ended June 30, 2022. The press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01.Regulation FD Disclosure

 

On July 20, 2022, Salisbury announced that investor presentation slides, which include a review of financial results and trends through the period ended June 30, 2022, are available in the Shareholder Relations section of Salisbury’s website at salisburybank.com under About Us/Shareholder Relations/News & Market Information/Presentations. The information in this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section, and is not incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act.

 

Section 9. Financial Statements and Exhibits

 

Item 9.01.Financial Statement and Exhibits

 

(a)       Not Applicable.

 

(b)       Not Applicable.

 

(c)       Not Applicable.

 

(d)       Exhibits.

 

 

                 
Exhibit
Number		   Description
99.1   Press release dated June 30, 2022


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Salisbury Bancorp, Inc.
     

Date: July 20, 2022

 

 By:

/s/ Richard J. Cantele, Jr.                            

Richard J. Cantele, Jr.

President and Chief Executive Officer

 EX-99.1 2 sal0720form8kexh99_1.htm EXHIBIT 99.1

Exhibit 99.1

 

Wednesday, July 20, 2022

Company Press Release

 

Source: Salisbury Bancorp, Inc.

 

Salisbury Contact: Richard J. Cantele, Jr., President and Chief Executive Officer

860-435-9801 or rcantele@salisburybank.com

 

FOR IMMEDIATE RELEASE

 

SALISBURY BANCORP, INC. REPORTS RESULTS FOR SECOND QUARTER 2022; DECLARES 16 CENT DIVIDEND

 

·Second Quarter 2022 Net Income of $0.67 per Basic Common Share Adjusted to Reflect Two-For-One Forward Stock Split Effective on June 30, 2022
·Record Loan Growth of $81 million, or 7.6%, in Second Quarter 2022 [1]
·Non-performing Assets were 0.28% of Total Assets at June 30, 2022
·Common Equity Tier 1 and Total Capital Ratios of 12.1% and 13.3%, Respectively

 

Lakeville, Connecticut, July 20, 2022 /GlobeNewswire…..Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced results for its second quarter ended June 30, 2022.

Net income available to common shareholders was $3.8 million, or $0.67 per basic common share, for the second quarter ended June 30, 2022 (second quarter 2022), compared with $3.5 million, or $0.62 per basic common share, for the first quarter ended March 31, 2022 (first quarter 2022), and $4.3 million, or $0.76 per basic common share, for the second quarter ended June 30, 2021 (second quarter 2021). All share and per share data for all periods presented in this release have been adjusted to reflect the two-for-one forward stock split, which was effective on June 30, 2022.

Salisbury’s President and Chief Executive Officer, Richard J. Cantele, Jr., stated, “In the second quarter we successfully executed certain aspects of our strategic plan. First, we reported strong earnings and record quarterly loan growth while maintaining our rigorous underwriting standards. Second, on June 30, 2022 we effected a two-for-one forward stock split of our common shares, which enhanced the liquidity and marketability of our common shares without diluting the holdings of our existing shareholders. As we head into the second half of 2022, our commercial loan pipeline remains robust and we are cautiously optimistic that the business environment will remain favorable despite the macro-economic headwinds of high inflation and rising interest rates. We remain diligently focused on executing our strategic plan and enhancing the Bank’s profitability while continuing to provide outstanding customer service.”

Net Interest and Dividend Income

Tax equivalent net interest income of $11.1 million for the second quarter 2022 increased $577 thousand, or 5.5%, versus first quarter 2022, and increased $1.3 million, or 13.6%, versus second quarter 2021. Tax equivalent interest income of $11.9 million for second quarter 2022 increased $622 thousand, or 5.5%, versus first quarter 2022 and increased $1.1 million, or 10.4%, from second quarter 2021. The cost of interest-bearing liabilities of $857 thousand for second quarter 2022 increased $45 thousand, or 5.5%, from first quarter 2022 and decreased $200 thousand, or 18.9%, from second quarter 2021. Interest expense for second quarter 2021 included approximately $180 thousand for interest and the amortization of issuance costs on subordinated debt, which Salisbury issued in 2015 and fully redeemed on May 28, 2021.

Average earning assets of $1.4 billion for second quarter 2022 declined $19.3 million, or 1.4%, from first quarter 2022, and increased $20.3 million, or 1.5%, versus second quarter 2021. Average earning assets for second quarter 2022 included average PPP loan balances of $8.8 million, net of deferred fees, compared with $18.7 million and $80.4 million in first quarter 2022 and second quarter 2021, respectively. Average total interest bearing liabilities of $943 million for second quarter 2022 decreased $14.3 million, or 1.5%, from first quarter 2022 and decreased $15.6 million, or 1.6%, versus second quarter 2021.

The tax equivalent net interest margin for second quarter 2022 was 3.15% compared with 2.95% for first quarter 2022 and 2.82% for second quarter 2021. Excluding PPP loans, the tax equivalent net interest margin for second quarter 2022 was 3.10% compared with 2.86% for first quarter 2022 and 2.76% for second quarter 2021. See SUPPLEMENTAL INFORMATION – Net Interest and Dividend Income on page 9 of this release for additional details.

Non-Interest Income

Non-interest income of $3.3 million for second quarter 2022 increased $203 thousand versus first quarter 2022 and increased $326 thousand versus second quarter 2021.

Trust and Wealth Advisory fees of $1.3 million for second quarter 2022 increased slightly from first quarter 2022 and second quarter 2021. Assets under administration were $1.3 billion at June 30, 2022 compared with $1.1 billion at December 31, 2021 and $970.3 million at June 30, 2021. Discretionary assets under administration of $546.5 million at June 30, 2022 compared with $657.8 million at December 31, 2021 and $614.3 million at June 30, 2021. The decline from the comparative quarters primarily reflected lower market valuations. Non-discretionary assets under administration of $714.7 million at June 30, 2022 increased from $425.4 million at December 31, 2021 and increased from $356.0 million at June 30, 2021. The increase in non-discretionary assets from the comparative quarters primarily reflected a higher valuation of certain partnership assets for an existing client relationship. The trust and wealth business records only a nominal annual fee on this relationship.

____________________________

[1] Excludes loans granted under the Paycheck Protection Program (“PPP”) by the Small Business Administration.

Service charges and fees of $1.7 million for second quarter 2022 increased $585 thousand versus first quarter 2022 and increased $349 thousand versus second quarter 2021. Second quarter 2022 and second quarter 2021 included non-recurring loan pre-payment fees of $425 thousand and $268 thousand, respectively. Deposit fees for second quarter 2022 also increased $126 thousand compared to the prior year second quarter. Net fees from mortgage banking activities decreased $278 thousand compared with first quarter 2022 and decreased $119 thousand from second quarter 2021 primarily due to a lower volume of sales of residential mortgage loans to the FHLB Boston. First quarter 2022 also included a pre-tax gain of $239 thousand on the sale of $3.8 million of commercial and residential loans.

Non-interest income for second quarter 2022 included a non-recurring non-taxable gain of $89 thousand related to proceeds receivable from a bank-owned life insurance policy (“BOLI”) due to the death of a former covered employee. Non-interest income for second quarter 2022 included a pre-tax loss of $45 thousand on the sale of available-for-sale securities (“AFS”) compared with a pre-tax gain of $210 thousand in first quarter 2022.

Non-Interest Expense

Non-interest expense of $8.5 million for second quarter 2022 decreased $121 thousand versus first quarter 2022 and increased $446 thousand versus second quarter 2021. Non-interest expense for first quarter 2022 included two isolated instances of debit card and check cashing fraud-related losses aggregating $251 thousand. During second quarter 2022, Salisbury recovered approximately $50 thousand of this aggregate loss through an insurance claim. Compensation expense of $4.9 million for second quarter 2022 increased $189 thousand from first quarter 2022 and increased $186 thousand versus second quarter 2021. The increase in compensation expense from first quarter 2022 primarily reflected higher salary and benefits expense, partially offset by lower payroll taxes and higher deferred loan origination expense. The increase in compensation expense from second quarter 2021 primarily reflected higher salary expense, partially offset by lower benefits expense.

Excluding compensation, other non-interest expenses for second quarter 2022 decreased $312 thousand from first quarter 2022 and increased $260 thousand from second quarter 2021. The decrease from the prior quarter primarily reflected the fraud losses reported in first quarter 2022 as well as lower utility costs and software maintenance expense in second quarter 2022, which were partially offset by higher Director fees and higher marketing expenses. The increase from second quarter 2021 primarily reflected higher professional fees, marketing expenses and FDIC insurance.

The effective income tax rates for second quarter 2022, first quarter 2022 and second quarter 2021 were 15.3%, 18.6% and 21.2%, respectively. The tax provision for second quarter 2022 included a non-recurring credit of $63 thousand to adjust for an over statement of the Bank’s 2021 tax liability to New York state. The lower tax rate in second quarter 2022 also reflected a higher mix of tax-exempt income from municipal bonds and tax advantaged loans as well as the BOLI proceeds receivable noted above.

Loans

Gross loans receivable of $1.1 billion increased $70.3 million, or 6.5%, from first quarter 2022, and increased $104.4 million, or 10.0%, from second quarter 2021. Loan balances at June 30, 2022 were also reduced by the payoff of two commercial real estate loans during the quarter, which aggregated $11.2 million. Excluding PPP loans, gross loans receivable increased a record $81.1 million, or 7.6%, from first quarter 2022 and $163.4 million, or 16.6%, from second quarter 2021. Residential 5+ multifamily gross loans receivable at June 30, 2022 included a loan for $16.0 million, which was reported in the commercial real estate category in first quarter 2022 and second quarter 2021 while the project was under construction. The gross balance of this loan was $12.0 million at March 31, 2022 and $11.2 million at June 30, 2021, respectively. Approximately $2.0 million of residential loans were sold to FHLB Boston in second quarter 2022 compared with $5.5 million during first quarter 2022 and $7.1 million in second quarter 2021. The ratio of gross loans to deposits for second quarter 2022 was 87.3% compared with 83.6% for first quarter 2022 and 84.1% for second quarter 2021. Balances by loan type for the comparative periods were as follows:

Loan Type    Q2 2022      Q1 2022      Q2 2021  
Residential Real Estate (1-4 Family)  $444,698   $425,301   $391,165 
Residential 5+ Multifamily   69,272    53,376    36,972 
Commercial Real Estate   387,787    376,088    354,629 
Commercial & Industrial ex PPP Loans   189,086    163,832    156,849 
PPP Loans   2,894    13,666    61,908 
Commercial & Industrial – Total   191,980    177,498    218,757 
Farm Land   3,668    2,778    3,529 
Vacant Land   15,397    14,710    13,006 
Municipal   17,486    14,263    18,341 
Consumer   18,155    14,356    9,543 
Deferred Costs/(Fees)   1,018    761    (889)
Gross Loans Receivable  $1,149,461   $1,079,131   $1,045,053 
Gross Loans Receivable ex PPP  $1,146,567   $1,065,465   $983,145 

 

Asset Quality

Asset quality remained strong in second quarter 2022. Non-performing assets of $4.2 million, or 0.28% of total assets at June 30, 2022, were essentially unchanged from December 31, 2021, and decreased $1.3 million from $5.5 million, or 0.39% of total assets, at June 30, 2021. Non-performing assets at June 30, 2022 included a residential real estate loan of approximately $1.5 million on a property that has been listed for sale. There is a signed purchase and sale agreement on this property and the sale is expected to close in third quarter 2022.

The amount of total impaired and potential problem loans decreased during the quarter to $13.9 million or 1.21% of gross loans receivable at June 30, 2022 compared to $32.8 million, or 3.04% of gross loans receivable at December 31, 2021 and $47.1 million, or 4.50% of gross loans receivable at June 30, 2021. The decrease in the balance from the comparative quarters primarily reflected management’s upgrade of the internal risk rating on certain hospitality related loans, which were previously downgraded due to concerns over COVID-19. These businesses have demonstrated a return to pre-pandemic levels of activity and liquidity.

Accruing loans receivable 30-to-89 days past due decreased $0.3 million during second quarter 2022 to $1.0 million, or 0.09% of gross loans receivable, from $1.3 million, or 0.12% of gross loans receivable at December 31, 2021, and decreased $0.4 million from $1.4 million, or 0.13% of gross loans receivable at June 30, 2021.

The allowance for loan losses for second quarter 2022 was $13.7 million compared with $12.9 million for first quarter 2022 and $12.7 million for second quarter 2021.The provision expense was $1.1 million for second quarter 2022 compared with a provision expense of $363 thousand for first quarter 2022 and a net release of credit reserves of $1.1 million for the second quarter 2021. The provision expense for second quarter 2022 reflected the record quarterly loan growth and adjustments to qualitative factors due to the uncertain macro-economic environment. The provision expense for second quarter 2022 also reflected a release of credit reserves due to management’s upgrade of the internal risk rating on certain loans related to the hospitality industry. Net loan charge-offs (recoveries) were $312 thousand for the second quarter 2022 compared with $410 thousand for first quarter 2022 and $103 thousand for the second quarter 2021. Net charge-offs for second quarter 2022 primarily related to a discrete commercial loan.

Reserve coverage, as measured by the ratio of the allowance for loan losses to gross loans, excluding PPP loans, was 1.20% for the second quarter 2022 versus 1.21% for the first quarter 2022 and 1.29% for the second quarter 2021. Similarly, reserve coverage, as measured by the ratio of the allowance for loan losses to non-performing loans was 324% for the second quarter 2022 versus 467% for first quarter 2022 and 229% for second quarter 2021.

Salisbury endeavors to work constructively to resolve its non-performing loan issues with customers. Substantially all non-performing loans are collateralized with real estate and the repayment of such loans is largely dependent on the return of such loans to performing status or the liquidation of the underlying real estate collateral.

Deposits and Borrowings

Deposits of $1.3 billion at June 30, 2022 decreased $19.7 million, or 1.5%, from December 31, 2021 and increased $73.2 million, or 5.9%, from June 30, 2021. At June 30, 2022, Salisbury had outstanding brokered deposits of $35.0 million compared with balances of $7.9 million at December 31, 2021 and June 30, 2021, respectively. Average total deposits for the second quarter 2022 were $1.3 billion compared with $1.3 billion for the first quarter 2022 and $1.3 billion for the second quarter 2021. Average total deposits for the second quarter 2022 included average brokered deposits of $18.0 million compared with $7.5 million for first quarter 2022 and $15.4 million for second quarter 2021.

Salisbury did not have any outstanding advances from FHLBB at June 30, 2022 compared with $7.7 million and $10.2 million at December 31, 2021 and June 30, 2021, respectively. Salisbury’s excess borrowing capacity at FHLBB was approximately $253 million at June 30, 2022.

Capital

Shareholders’ equity decreased $2.8 million in second quarter to $127.3 million at June 30, 2022 as unrealized losses in the available-for-sale securities (“AFS”) portfolio of $6.1 million and common stock dividends paid of $0.9 million were partially offset by net income of $3.8 million and other activity of $0.4 million. The unrealized losses in the AFS portfolio, which reflected the continued increase in market interest rates during second quarter 2022, reduced both book value and tangible book value at June 30, 2022. Book value per common share of $22.01 at June 30, 2022 decreased $0.55 from first quarter 2022 and decreased $1.00 from second quarter 2021. Tangible book value per common share of $19.57 at June 30, 2022 decreased $0.53 from first quarter 2022 and decreased $0.93 from second quarter 2021.

The Bank’s regulatory capital ratios remain in compliance with regulatory “well capitalized” requirements. At June 30, 2022, the Bank’s Tier 1 leverage, total risk-based capital, and common equity tier 1 capital ratios were 10.04%, 13.28%, and 12.13%, respectively, compared with regulatory “well capitalized” minimums of 5.00%, 10.00%, and 6.5%, respectively. The unrealized losses in the AFS portfolio noted above do not affect the Bank’s regulatory capital ratios.

During second quarter 2022, Salisbury did not repurchase any of its outstanding common stock pursuant to its stock repurchase program established in March 2021.

Dividend on Common Shares

On July 20, 2022, the Board of Directors of Salisbury approved a quarterly cash dividend of $0.16 per common share that will be paid on August 26, 2022 to shareholders of record as of August 12, 2022.

Background

Salisbury Bancorp, Inc. is the parent company of Salisbury Bank and Trust Company, a Connecticut chartered commercial bank serving the communities of northwestern Connecticut and proximate communities in New York and Massachusetts, since 1848, through full service branches in Canaan, Lakeville, Salisbury and Sharon, Connecticut; Great Barrington, South Egremont and Sheffield, Massachusetts; and Dover Plains, Fishkill, Millerton, Newburgh, New Paltz, Poughkeepsie, and Red Oaks Mill, New York. The Bank offers a broad spectrum of consumer and business banking products and services, as well as trust and wealth advisory services. For more information, please visit www.salisburybank.com. 

Forward-Looking Statements

This news release may contain statements relating to Salisbury’s and the Bank’s future results that are considered “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and expectations of management as well as the assumptions and estimates made by management using information currently available to management. Since these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions, including among others: changes in market interest rates and general and regional economic conditions; changes in laws and regulations; changes in accounting principles; and the quality or composition of the loan and investment portfolios, technological changes and cybersecurity matters, and other factors that may be described in Salisbury’s quarterly reports on Form 10-Q and its annual report on Form 10-K, which are available at the Securities and Exchange Commission’s website (www.sec.gov) and to which reference is hereby made. Forward-looking statements made by Salisbury in this news release speak only as of the date they are made. Events or other facts that could cause Salisbury’s actual results to differ may arise from time to time and Salisbury cannot predict all such events and factors. Salisbury undertakes no obligation to publicly update any forward-looking statement unless as may be required by law.

Investor presentation slides, which include a review of financial results and trends through the period ended June 30, 2022, are available in the Shareholder Relations section of Salisbury’s website at salisburybank.com under About Us/Shareholder Relations/News & Market Information/Presentations.

 

Salisbury Bancorp, Inc. and Subsidiary

CONSOLIDATED BALANCE SHEETS (unaudited)

(in thousands, except share data)    June 30, 2022      December 31, 2021  
ASSETS          
Cash and due from banks  $8,611   $6,404 
Interest bearing demand deposits with other banks   62,856    168,931 
Total cash and cash equivalents   71,467    175,335 
Interest bearing Time Deposits with Financial Institutions   750    750 
Securities          
Available-for-sale at fair value   203,110    202,396 
Mutual funds at fair value   1,672    901 
Federal Home Loan Bank of Boston stock at cost   945    1,397 
Loans held-for-sale   —    2,684 
Loans receivable, net (allowance for loan losses: $13,703 and $12,962)   1,135,758    1,066,750 
Bank premises and equipment, net   22,710    22,625 
Goodwill   13,815    13,815 
Intangible assets (net of accumulated amortization: $5,567 and $5,463)   314    418 
Accrued interest receivable   6,123    6,260 
Cash surrender value of life insurance policies   28,063    27,738 
Deferred taxes   6,460    2,588 
Other assets   5,334    5,527 
Total Assets  $1,496,521   $1,529,184 
LIABILITIES and SHAREHOLDERS' EQUITY          
Deposits          
Demand (non-interest bearing)  $383,674   $416,073 
Demand (interest bearing)   233,947    233,600 
Money market   314,244    330,436 
Savings and other   231,322    237,075 
Certificates of deposit   153,352    119,009 
Total deposits   1,316,539    1,336,193 
Repurchase agreements   16,574    11,430 
Federal Home Loan Bank of Boston advances   —    7,656 
Subordinated debt   24,502    24,474 
Note payable   149    170 
Finance lease obligations   4,329    4,107 
Accrued interest and other liabilities   7,125    8,554 
Total Liabilities   1,369,218    1,392,584 
Shareholders' Equity 1          
Common stock - $0.10 per share par value          
Authorized: 10,000,000;          
Issued: 5,783,966 and 5,723,394          
Outstanding: 5,783,966 and 5,723,394   289    286 
Unearned compensation – restricted stock awards   (1,512)   (925)
Paid-in capital   47,494    46,374 
Retained earnings   95,568    89,995 
Accumulated other comprehensive (loss) income, net   (14,536)   870 
Total Shareholders' Equity   127,303    136,600 
Total Liabilities and Shareholders' Equity  $1,496,521   $1,529,184 

 

1 The number of authorized, issued and outstanding shares has been adjusted to reflect the two-for-one forward stock split effective on June 30, 2022. 

 

Salisbury Bancorp, Inc. and Subsidiary

CONSOLIDATED STATEMENTS OF INCOME (unaudited)

 

     Three months ended      Six months ended  
Periods ended June 30, (in thousands, except per share amounts)    2022      2021      2022      2021  
Interest and dividend income                    
Interest and fees on loans  $10,576   $9,901   $20,740   $20,377 
Interest on debt securities                    
Taxable   859    488    1,583    912 
Tax exempt   187    172    362    334 
Other interest and dividends   107    61    164    95 
Total interest and dividend income   11,729    10,622    22,849    21,718 
Interest expense                    
Deposits   577    567    1,055    1,121 
Repurchase agreements   4    4    6    8 
Finance lease   41    36    82    69 
Note payable   2    3    5    6 
Subordinated debt   233    415    466    534 
Federal Home Loan Bank of Boston advances   —    32    55    65 
Total interest expense   857    1,057    1,669    1,803 
Net interest and dividend income   10,872    9,565    21,180    19,915 
Provision (release) for loan losses   1,100    (1,075)   1,463    (917)
Net interest and dividend income after provision (release) for loan losses   9,772    10,640    19,717    20,832 
Non-interest income                    
Trust and wealth advisory   1,293    1,254    2,533    2,399 
Service charges and fees   1,723    1,374    2,861    2,325 
Mortgage banking activities, net   77    196    432    804 
(Losses) gains on mutual fund   (30)   3    (72)   (14)
(Losses) gains on securities, net   (45)   (9)   165    (9)
Bank-owned life insurance (“BOLI”) income   252    125    414    251 
Other   27    28    57    57 
Total non-interest income   3,297    2,971    6,390    5,813 
Non-interest expense                    
Salaries   3,657    3,403    7,135    6,304 
Employee benefits   1,288    1,356    2,565    2,668 
Premises and equipment   973    1,019    2,086    1,973 
Information processing and services   702    628    1,387    1,193 
Professional fees   821    644    1,609    1,355 
Collections, OREO, and loan related   116    113    232    197 
FDIC insurance   122    80    293    225 
Marketing and community support   262    214    447    296 
Amortization of intangibles   50    65    104    136 
Other   541    564    1,328    1,000 
Total non-interest expense   8,532    8,086    17,186    15,347 
Income before income taxes   4,537    5,525    8,921    11,298 
Income tax provision   692    1,172    1,507    2,419 
Net income  $3,845   $4,353   $7,414   $8,879 
Net income available to common shareholders  $3,772   $4,287   $7,280   $8,749 
                     
Basic earnings per common share 1  $0.67   $0.76   $1.29   $1.56 
Diluted earnings per common share 1  $0.66   $0.76   $1.28   $1.55 
Common dividends per share 1  $0.16   $0.15   $0.32   $0.30 

 

1 Per share amounts for all periods have been adjusted to reflect the two-for-one forward stock split effective on June 30, 2022.

 

Salisbury Bancorp, Inc. and Subsidiary

SELECTED CONSOLIDATED FINANCIAL DATA (unaudited)

 

At or for the quarters ended               
(in thousands, except per share amounts and ratios)  Q2 2022    Q1 2022    Q4 2021    Q3 2021    Q2 2021  
Total assets  $1,496,521   $1,465,082   $1,529,184   $1,476,849   $1,436,666 
Loans receivable, net   1,135,758    1,066,216    1,066,750    1,057,451    1,032,345 
Total securities   205,727    217,591    204,694    177,979    152,943 
Deposits   1,316,539    1,290,474    1,336,193    1,289,628    1,243,369 
FHLBB advances   —    419    7,656    8,905    10,152 
Shareholders’ equity   127,303    130,066    136,600    133,533    131,709 
Wealth assets under administration   1,261,244    1,049,240    1,083,152    973,198    970,306 
Discretionary wealth assets under administration   546,506    625,346    657,789    608,228    614,312 
Non-discretionary wealth assets under administration   714,738    423,894    425,363    364,970    355,994 
Non-performing loans   4,229    2,765    4,199    5,001    5,539 
Non-performing assets   4,229    2,765    4,199    5,001    5,539 
Accruing loans past due 30-89 days   1,001    2,349    1,342    909    1,400 
Net interest and dividend income   10,872    10,306    10,543    10,165    9,565 
Net interest and dividend income, tax equivalent(1)   11,061    10,484    10,735    10,345    9,739 
Provision (release) expense for loan losses   1,100    363    (202)   400    (1,075)
Non-interest income   3,297    3,094    2,847    2,840    2,971 
Non-interest expense   8,532    8,653    8,471    8,284    8,086 
Income before income taxes   4,537    4,384    5,121    4,321    5,525 
Income tax provision   692    816    980    868    1,172 
Net income   3,845    3,568    4,141    3,453    4,353 
Net income allocated to common shareholders   3,772    3,508    4,076    3,400    4,287 
                          
Per share data (Data for all periods have been adjusted to reflect the two-for-one forward stock split effective on June 30, 2022.)                         
Basic earnings per common share  $0.67   $0.62   $0.72   $0.60   $0.76 
Diluted earnings per common share   0.66    0.62    0.72    0.60    0.76 
Dividends per common share   0.16    0.16    0.16    0.16    0.15 
Book value per common share   22.01    22.56    23.87    23.33    23.01 
Tangible book value per common share - Non-GAAP ⁽2⁾   19.57    20.10    21.38    20.83    20.50 
Common shares outstanding at end of period (in thousands)   5,784    5,765    5,723    5.723    5,723 
Weighted average common shares outstanding, to calculate basic earnings per share (in thousands)   5,666    5,636    5,635    5,635    5,620 
Weighted average common shares outstanding, to calculate diluted earnings per share (in thousands)   5,699    5,694    5,670    5,686    5,657 
                          
Profitability ratios                         
Net interest margin (tax equivalent) (1)   3.15%   2.95%   2.99%   2.92%   2.82%
Efficiency ratio (2)   59.49    63.38    61.91    61.63    63.07 
Effective income tax rate   15.25    18.60    19.13    20.09    21.21 
Return on average assets   1.06    0.97    1.10    0.93    1.21 
Return on average common shareholders’ equity   11.98    10.65    12.14    10.27    13.51 
                          
Credit quality ratios                         
Non-performing loans to loans receivable, gross   0.37%   0.26%   0.39%   0.47%   0.53%
Accruing loans past due 30-89 days to loans receivable, gross   0.09    0.22    0.12    0.08    0.13 
Allowance for loan losses to loans receivable, gross   1.19    1.20    1.20    1.23    1.22 
Allowance for loan losses to non-performing loans   324.0    467.3    308.7    263.3    229.4 
Non-performing assets to total assets   0.28    0.19    0.27    0.34    0.39 
                          
Capital ratios                         
Common shareholders' equity to assets   8.51%   8.88%   8.93%   9.04%   9.17%
Tangible common shareholders' equity to tangible assets - Non-GAAP (2)   7.63    7.99    8.08    8.15    8.25 
Tier 1 leverage capital (3)   10.04    9.66    9.42    9.31    9.33 
Total risk-based capital (3)   13.28    13.98    14.08    14.20    14.67 
Common equity tier 1 capital (3)   12.13    12.80    12.87    12.95    13.42 
                          

(1) Adjusted to reflect the U.S. federal statutory benefit on income derived from tax-exempt securities and loans.

(2) Refer to schedule labeled “Supplemental Information – Non-GAAP Financial Measures”.
(3) Represents the capital ratios of the Bank.

 

Salisbury Bancorp, Inc. and Subsidiary

SUPPLEMENTAL INFORMATION – Non-GAAP Financial Measures (unaudited)

At or for the quarters ended               
(in thousands, except per share amounts and ratios)  Q2 2022    Q1 2022    Q4 2021    Q3 2021    Q2 2021  
Common Shareholders' Equity  $127,303   $130,066   $136,600   $133,533   $131,709 
Less: Goodwill   (13,815)   (13,815)   (13,815)   (13,815)   (13,815)
Less: Intangible assets   (314)   (364)   (418)   (476)   (538)
Tangible Common Shareholders' Equity  $113,174   $115,887   $122,367   $119,242   $117,356 
Total Assets  $1,496,521   $1,465,082   $1,529,184   $1,476,849   $1,436,666 
Less: Goodwill   (13,815)   (13,815)   (13,815)   (13,815)   (13,815)
Less: Intangible assets   (314)   (364)   (418)   (476)   (538)
Tangible Total Assets  $1,482,392   $1,450,903   $1,514,951   $1,462,558    1,422,313 
Common Shares outstanding (in thousands) 1   5,784    5,765    5,723    5,723    5,723 
                          
Book value per Common Share – GAAP 1  $22.01   $22.56   $23.87   $23.33   $23.01 
Tangible book value per Common Share - Non-GAAP 1   19.57    20.10    21.38    20.83    20.50 
Tangible common shareholders’ equity to tangible total assets - Non-GAAP   7.63%   7.99%   8.08%   8.15%   8.25%
Consolidated:                         
Non-interest expense  $8,532   $8,653   $8,471   $8,284   $8,086 
Less: Amortization of core deposit intangibles   (50)   (54)   (57)   (61)   (65)
Less: Write-down of fixed assets   —    —    —    (144)   — 
Less: Fraud-related recovery (losses)   50    (251)   —    —    — 
Adjusted non-interest expense  $8,532   $8,348   $8,414   $8,079   $8,021 
Net interest and dividend income, tax equivalent  $11,061   $10,484   $10,735   $10,345   $9,739 
Non-interest income   3,297    3,094    2,847    2,840    2,971 
Losses (gains) on securities   75    (168)   9    (3)   6 
Gains on sale of fixed assets   —    —    —    (73)   — 
BOLI proceeds receivable   (89)   —    —    —    — 
Gains on sale of loans   —    (239)   —    —    — 
Adjusted revenue  $14,344   $13,171   $13,591   $13,109   $12,716 
Efficiency Ratio – Non-GAAP 2   59.49%   63.38%   61.91%   61.63%   63.07%
                          

1 Data for all periods have been adjusted to reflect the two-for-one forward stock split effective on June 30, 2022.

2 Excluding revenue and expenses associated with trust & wealth advisory, the efficiency ratios would be: Q2 2022: 57.21%; Q1 2022: 61.83%; Q4 2021: 60.62%; Q3 2021: 60.70%; Q2 2021: 61.59%.

 

Salisbury Bancorp, Inc. and Subsidiary

SUPPLEMENTAL INFORMATION – Net Interest and Dividend Income (unaudited)

At or for the quarters ended Average Balance  Income / Expense  Average Yield / Rate
(dollars in thousands)  Q2 2022  Q1 2022  Q2 2021  Q2 2022  Q1 2022  Q2 2021  Q2 2022  Q1 2022  Q2 2021  
Loans (a)(d)  $1,112,120   $1,079,610   $1,052,381   $10,693   $10,277   $10,015    3.81%   3.79%   3.78%
Securities (c)(d)   225,458    208,140    138,164    1,117    962    720    1.98    1.85    2.08 
FHLBB stock   1,221    1,434    1,830    10    7    11    3.20    2.05    2.41 
Short term funds (b)   54,553    123,454    180,716    98    50    50    0.73    0.16    0.11 
Total interest-earning assets   1,393,352    1,412,638    1,373,091    11,918    11,296    10,796    3.40    3.19    3.13 
Other assets   61,790    74,795    70,447                               
Total assets  $1,455,142   $1,487,433   $1,443,538                               
Interest-bearing demand deposits  $229,625   $232,464   $227,623    108    99    117    0.19    0.17    0.21 
Money market accounts   299,870    321,198    315,665    156    126    138    0.21    0.16    0.18 
Savings and other   236,728    233,092    212,253    97    64    59    0.16    0.11    0.11 
Certificates of deposit   137,034    131,059    147,103    216    189    252    0.63    0.59    0.69 
Total interest-bearing deposits   903,257    917,813    902,644    577    478    566    0.26    0.21    0.25 
Repurchase agreements   10,216    7,146    12,010    4    3    4    0.15    0.14    0.15 
Finance lease   5,283    5,097    2,751    41    41    36    3.09    3.23    5.26 
Note payable   153    163    192    2    2    3    6.13    6.12    6.09 
Subordinated debt (f)   24,494    24,480    30,789    233    233    415    3.80    3.81    5.39 
FHLBB advances   —    2,974    10,576    —    55    33    —    7.46    1.21 
Total interest-bearing liabilities   943,403    957,673    958,962    857    812    1,057    0.36    0.34    0.44 
Demand deposits   376,694    386,884    348,561                               
Other liabilities   6,258    7,036    6,786                               
Shareholders’ equity   128,787    135,840    129,229                               
Total liabilities & shareholders’ equity  $1,455,142   $1,487,433   $1,443,538                               
Net interest income                 $11,061   $10,484   $9,739                
Spread on interest-bearing funds                                 3.03    2.84    2.69 
Net interest margin (e)                                 3.15    2.95    2.82 
(a)Includes non-accrual loans.
(b)Includes interest-bearing deposits in other banks and federal funds sold.
(c)Average balances of securities are based on amortized cost.
(d)Includes tax exempt income benefit of $0.2 million, $0.2 million and $0.2 million, respectively, for Q2 2022, Q1 2022 and Q1 2021 on tax-exempt securities and loans whose income and yields are calculated on a tax-equivalent basis. The income benefit reflected the U.S. federal statutory tax rate of 21.0% for 2022 and 2021.
(e)Net interest income divided by average interest-earning assets.
(f)Net of issuance costs.

 

Salisbury Bancorp, Inc. and Subsidiary

SUPPLEMENTAL INFORMATION – Net Interest and Dividend Income (unaudited)

 

Six months ended June 30,  Average Balance  Income / Expense  Average Yield / Rate
(dollars in thousands)  2022  2021  2022  2021  2022  2021
Loans (a)(d)  $1,095,955   $1,052,020   $20,971   $20,605    3.80%   3.90%
Securities (c)(d)   216,847    120,710    2,079    1,360    1.92    2.25 
FHLBB stock   1,327    1,889    17    20    2.58    2.13 
Short term funds (b)   88,813    141,278    146    76    0.33    0.11 
Total earning assets   1,402,942    1,315,897    23,213    22,061    3.29    3.34 
Other assets   68,256    70,848                     
Total assets  $1,471,198   $1,386,745                     
Interest-bearing demand deposits  $231,037   $223,049    207    223    0.18    0.20 
Money market accounts   310,475    302,290    283    267    0.18    0.18 
Savings and other   234,920    204,930    160    115    0.14    0.11 
Certificates of deposit   134,063    138,402    405    516    0.61    0.75 
Total interest-bearing deposits   910,495    868,671    1,055    1,121    0.23    0.26 
Repurchase agreements   8,689    10,241    6    8    0.15    0.15 
Finance lease   5,190    2,787    82    69    3.16    4.93 
Note payable   158    196    5    6    6.13    6.14 
Subordinated Debt (f)   24,488    20,529    466    534    3.81    5.20 
FHLBB advances   1,479    11,197    55    65    7.46    1.17 
Total interest-bearing liabilities   950,499    913,621    1,669    1,803    0.35    0.40 
Demand deposits   381,731    338,486                     
Other liabilities   6,675    6,851                     
Shareholders’ equity   132,293    127,787                     
Total liabilities & shareholders’ equity  $1,471,198   $1,386,745                     
Net interest income            $21,544   $20,258           
Spread on interest-bearing funds                       2.94    2.95 
Net interest margin (e)                       3.05    3.06 

 

(a)Includes non-accrual loans.
(b)Includes interest-bearing deposits in other banks and federal funds sold.
(c)Average balances of securities are based on historical cost.
(d)Includes tax exempt income benefit of $0.4 million and $0.2 million, respectively for 2022 and 2021 on tax-exempt securities and loans whose income and yields are calculated on a tax-equivalent basis. The income benefit reflected the U.S. federal statutory tax rate of 21.0% for 2022 and 2021.
(e)Net interest income divided by average interest-earning assets.
(f)Net of issuance costs.

 EX-101.SCH 3 sal-20220720.xsd XBRL SCHEMA FILE 00000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 sal-20220720_lab.xml XBRL LABEL FILE Cover [Abstract] Document Type Amendment Flag Amendment Description Document Registration Statement Document Annual Report Document Quarterly Report Document Transition Report Document Shell Company Report Document Shell Company Event Date Document Period Start Date Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Current Fiscal Year End Date Entity File Number Entity Registrant Name Entity Central Index Key Entity Primary SIC Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code Country Region City Area Code Local Phone Number Extension Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name Title of 12(g) Security Security Reporting Obligation Annual Information Form Audited Annual Financial Statements Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Elected Not To Use the Extended Transition Period Document Accounting Standard Other Reporting Standard Item Number Entity Shell Company Entity Public Float Entity Bankruptcy Proceedings, Reporting Current Entity Common Stock, Shares Outstanding Documents Incorporated by Reference [Text Block] EX-101.PRE 5 sal-20220720_pre.xml XBRL PRESENTATION FILE XML 6 R1.htm IDEA: XBRL DOCUMENT v3.22.2
Cover
Jul. 20, 2022
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Jul. 20, 2022
Entity File Number 001-14854
Entity Registrant Name SALISBURY BANCORP, INC.
Entity Central Index Key 0001060219
Entity Tax Identification Number 06-1514263
Entity Incorporation, State or Country Code CT
Entity Address, Address Line One 5 Bissell Street
Entity Address, City or Town Lakeville
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06039
City Area Code 860
Local Phone Number 435-9801
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.10 par value per share
Trading Symbol SAL
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
XML 7 sal0720form8k_htm.xml IDEA: XBRL DOCUMENT 0001060219 2022-07-20 2022-07-20 iso4217:USD shares iso4217:USD shares 0001060219 false 8-K 2022-07-20 SALISBURY BANCORP, INC. CT 001-14854 06-1514263 5 Bissell Street Lakeville CT 06039 860 435-9801 false false false false Common Stock, $0.10 par value per share SAL NASDAQ false EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( ,=J]%0'04UB@0 +$ 0 9&]C4')O<',O87!P+GAM M;$V./0L",1!$_\IQO;=!P4)B0-!2L+(/>QLOD&1#LD)^OCG!CVX>;QA&WPIG M*N*I#BV&5(_C(I(/ !47BK9.7:=N')=HI6-Y #OGDK7A.YNJQ<&4GPZ4A!0W_J=0U[R;UEA_6\#MI7E!+ P04 M " #':O145^NVO.X K @ $0 &1O8U!R;W!S+V-O&ULS9+! M:L,P#(9?9?B>*'%A!9/ZLK%3"X,5-G8SMMJ:Q;&Q-9*^_1RO31G; ^QHZ?>G M3Z!.!Z%]Q.?H T:RF.XFUP])Z+!A)Z(@ )(^H5.ISHDA-P\^.D7Y&8\0E/Y0 M1P3>-/?@D)11I& &5F$A,MD9+71$13Y>\$8O^/ 9^P(S&K!'AP,E:.L6F)PG MAO/4=W #S##"Z-)W 'O=/3/*&\ZI95[S9MVO!N6CY^^SZP^\F[+RQ!_N/ MC:^"LH-?=R&_ %!+ P04 " #':O14F5R<(Q & "<)P $P 'AL+W1H M96UE+W1H96UE,2YX;6SM6EMSVC@4?N^OT'AG]FT+QC:!MK03621A'^_1S80RY8-[9)-NIL\!"SI^\Y%1^?H.'GS[BYBZ(:(E/)X M8-DOV]:[MR_>X%#BVR]*+ M41B1%G\@M MNN01.+5)#3(3/PB=AIAJ4!P"I DQEJ&&^+3&K!'@$WVWO@C(WXV(]ZMOFCU7 MH5A)VH3X$$8:XIQSYG/1;/L'I4;1]E6\W*.76!4!EQC?-*HU+,76>)7 \:V< M/!T3$LV4"P9!AI@S M&L%&KQMUAVC2/'K^!?F<-0HACA*FNVB<5@$_9Y>PTG!Z(++9OVX?H;5,VPLCO='U!=*Y \FIS_I,C0' MHYI9";V$5FJ?JH,@H%\;D>/N5Z> HWEL:\4*Z">P'_T=HWPJOX@L Y M?RY]SZ7ON?0]H=*W-R-]9\'3BUO>1FY;Q/NN,=K7-"XH8U=RSTS0LS0[=R2^JVE+ZU)CA* M]+',<$X>RPP[9SR2';9WH!TU^_9==N0CI3!3ET.X&D*^ VVZG=PZ.)Z8D;D* MTU*0;\/YZ<5X&N(YV02Y?9A7;>?8T='[Y\%1L*/O/)8=QXCRHB'NH8:8S\-# MAWE[7YAGE<90-!1M;*PD+$:W8+C7\2P4X&1@+: '@Z]1 O)256 Q6\8#*Y"B M?$R,1>APYY=<7^/1DN/;IF6U;J\I=QEM(E(YPFF8$V>KRMYEL<%5'<]56_*P MOFH]M!5.S_Y9KF4Q9Z;RWRT,"2Q;B%D2XDU=[=7GFYRN>B)V^I=W MP6#R_7#)1P_E.^=?]%U#KG[VW>/Z;I,[2$R<><41 71% B.5' 86%S+D4.Z2 MD 83 >LX=SFWJXPD6L_UC6'ODRWSEPVSK> U[F M$RQ#I'[!?8J*@!&K8KZZKT_Y)9P[M'OQ@2";_-;;I/;=X Q\U*M:I60K$3]+ M!WP?D@9CC%OT-%^/%&*MIK&MQMHQ#'F 6/,,H68XWX=%FAHSU8NL.8T*;T'5 M0.4_V]0-:/8--!R1!5XQF;8VH^1."CS<_N\-L,+$CN'MB[\!4$L#!!0 ( M ,=J]%1LQ:+!2 0 'L0 8 >&PO=V]R:W-H965T&UL MG9AO<^(V$,:_BL;M=-H9$BSS)R0%9H D5WJYA :N-VVG+X0M0!/9!MKTYMFTX0;'C-SJ5*> MP#[S9B)Q!OV\WLS/>RKS$J1\)DF)HMCIM_& M7*K=P*/>^XUGL=Y8=Z,Y[*=LS>?6B?!X&/+)UQ*IP0<_QQ$O>*=+O#X M^EW]/N\\=&;)#)\H^45$=C/P>AZ)^(IETCZKW2_\T*&.TPN5-/E_LML_VVY[ M),R,5?$A& ABD>P_V>LA$<C&1["QONPX$38KYF\)('?@+\@^&]X M$P@*C*# "'*]%H9!_AHMC=4P4']7$>T5VM4*KGIO3,I"/O"@/ W76^X-?_B. M=OV?$;Y6P=?"U(>W*LR@%BU9O*6\"@X/[UU\1"#:!40;51D!0913W$NVKJ+ MXU=,&HYP= J.SGG)F'$M5$3NDHA \57F!5IO/QY^<_ MR'CT.'EZGC7(]'%RB1#V"L+>.803&$_-))DF$7\E'_E;%2.NY$/B_*X?T&L$ MZ[K NCX':\%>R30"-K$2(^Z9\#.$U"I5.E M<[8&F5N8!T1I,E$9)!3RJJ+*X:Y1GRPPR"-SI^= CJ((+-$TWB_( SQ'GI)J M,ERR0\;"P*HJH:\:5AV,LW1_BIKW-YP3UX(L+M0NJ63$Y1[8"]\**3&SHZ7U M4]R\OX8KQGBFU58D8746<4U\?,L%@>*._C7:3!D+D_A/D9XN/%P1)G +F[^T M7"0H[NWY&(Y@IW@:!1?H=7T,I%P2*.[G#RJ$G,PV*L'6A!J1=JMS<=WS*494 M+@H4=_,O6EC+$TA,'&?)P=A,)14N5+>BTW(5H+AYSY44H; B69-/4-Y:,%G) M@ZO4\I3V3W&WGFE^$4)Z.,RO_<8+]CZP17Q:K4Z,'ZY71Q:4QA_@UOP-V=28 M#,CJ &MD:P%+TP]PAUX("[L?M2(T^''Y$YGS,(-ZJUS0:Y16QEO%DN7/ZZZ>S;"=I=67=A['-HN6/O.-%Q[I#)6,>=56R=M8SDK6W!2,EG>W&2)8D+38JT[=:=<2PZF MTVY#;VA2K"NCSY:4!H-?RA0GCTQNZ)9)L;=B6,N4D*=@7H+A8*2QQ'DJ?$,7 M8&F? KP(&K XU7=>&18/ MQA<0&>7=J?$,:\M.B^4M/3L,/S[)WMB2VSG-@DZF8BUY!72LJ(_PZTR3 .B< M45XH!:N-9@.'R6,4?-@#E_(!6OBMNHK=5R3TXE,);2"PU4GTA$8QA D*Q+^, M%F)?A+W]K;"D$8_&?>S\;O2@?^^,X_>65Z(?]+Z:\V/1%WATUC3R]$&*6BL> M]O[+"8LUF_S(T5CQY+/!I!R\@5M*'KEUXG!I^6%9L^.]FZ:IKW#.RW^0\Y^M M<\TUMTQ>DO:C_S=7^2V,D_'T7!S1JP,Z6PEY7>>9 ]IV03NA1.XJR MY/K%.?7A'=O["_PJOE]?\HIUTNUF<$//\A=>BD[E\ZI[J,NXZBQ_AOMHD\%G'!QR>(W?#$T%^@2O&+(=/EB>N$_NG_A.\SQ-LPRKZ'8;9;#%ZI9E\!>/ MAG$##RP/9'I;K?%NXQ/R^AQ@/7UM0K"=XI.([12O-2#QNH%'GL>[C>4!#ZP+ MV.Q _G@>F*FX3YI"5S%NV G&D3S'$)C%^(QF&5*=##[Q_F"G)$WS/(X %F>0 MIA@"IQ%', ; 4/2='@//GL?)=-[*CG_5U/\!%!+ P04 " #':O14EXJ[ M', 3 @ "P %]R96QS+RYR96QSG9*Y;L,P#$!_Q=">, ?0(8@S9?$6 M!/D!5J(/V!(%BD6=OZ_:I7&0"QEY/3P2W!YI0.TXI+:+J1C]$%)I6M6X 4BV M)8]ISI%"KM0L'C6'TD!$VV-#L%HL/D N&6:WO606IW.D5XA-/E_G;@2=&A(E@6FD7)TZ(= MI7\=Q_:0T^FO8R*T>EOH^7%H5 J.W&,EC'%BM/XU@LD/['X 4$L#!!0 ( M ,=J]%2JQ"(6,P$ "(" / >&PO=V]R:V)O;VLN>&ULC5'1;L(P#/R5 M*A^P%K0A#5%>0-N0I@V-B??0NM0BB2O'A8VOG]NJ&M)>]I31=B;FJ19IZFL:C!VWA'#02=5,3>BD(^IK%AL&6L <2[=)IEL]1;#&:Y M&+6VG-X"$B@$*2C9$7N$2_R==S Y8\0#.I3OW/1W!R;Q&-#C% MB/%*0:S;%4S.Y68R#/; @L4?>M>9_+2'V#-B#Q]6C>1FEJE@A1REW^CUK7H\ M@RX/J!5Z0B? :ROPS-0V&(Z=C*9(;V+T/8SG4.*<_U,C5146L*:B]1!DZ)'! M=09#K+&))@G60VY6= ;N\N@#FW+()FKJIBF>HPYX4P[V1D\E5!B@?%.9J+SV M4VPYZ8Y>9WK_,'G4'EKG5LJ]AU>RY1AQ_)[E#U!+ P04 " #':O14)!Z; MHJT #X 0 &@ 'AL+U]R96QS+W=O[IFB MG#S^0W1UW6E\./VR./ /,+Q=Z*E%9"E*%1KD3,)HMC;!4N++3):BJ#(9BBJ6 M<%H@XLD@;6E6?;!/3K3G>1,)KM\,<'AT_@%02P,$% @ QVKT M5&60>9(9 0 SP, !, !;0V]N=&5N=%]4>7!E&ULK9--3L,P$(6O M$F5;)2XL6*"F&V +77 !8T\:J_Z39UK2VS-.VDJ@$A6%3:QXWKS/GI>LWH\1 ML.B=]=B4'5%\% )5!TYB'2)XKK0A.4G\FK8B2K636Q#WR^6#4,$3>*HH>Y3K MU3.T.EY&TWP39G 8ED\C<+,:DH9HS5*$M?%P>L?E.I$J+EST&!G(BY8 M4(JKA%SY'7#J>SM 2D9#L9&)7J5CE>BM0#I:P'K:XLH90]L:!3JHO>.6&F," MJ;$#(&?KT70Q32:>,(S/N]G\P68*R,I-"A$YL01_QYTCR=U59"-(9*:O>"&R M]>S[04Y;@[Z1S>/]#&DWY(%B6.;/^'O&%_\;SO$1PNZ_/[&\UDX:?^:+X3]> M?P%02P$"% ,4 " #':O14!T%-8H$ "Q $ @ $ M 9&]C4')O<',O87!P+GAM;%!+ 0(4 Q0 ( ,=J]%17Z[:\[@ "L" M 1 " :\ !D;V-0&UL4$L! A0#% @ QVKT5&S%HL%(! >Q !@ M ("!#0@ 'AL+W=O7!E&UL4$L%!@ ) - D /@( -\3 $! end XML 9 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.22.2 html 1 22 1 false 0 0 false 3 false false R1.htm 00000001 - Document - Cover Sheet http://salisburybank.com/role/Cover Cover Cover 1 false false All Reports Book All Reports sal0720form8k.htm sal-20220720.xsd sal-20220720_lab.xml sal-20220720_pre.xml sal0720form8kexh99_1.htm http://xbrl.sec.gov/dei/2022 true false JSON 13 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "sal0720form8k.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "inline": { "local": [ "sal0720form8k.htm" ] }, "labelLink": { "local": [ "sal-20220720_lab.xml" ] }, "presentationLink": { "local": [ "sal-20220720_pre.xml" ] }, "schema": { "local": [ "sal-20220720.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-roles-2022.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-types-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-roles-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-types-2022.xsd", "https://xbrl.sec.gov/country/2022/country-2022.xsd", "https://xbrl.sec.gov/dei/2022/dei-2022.xsd" ] } }, "elementCount": 59, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2022": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 22, "memberCustom": 0, "memberStandard": 0, "nsprefix": "SAL", "nsuri": "http://salisburybank.com/20220720", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "b", "p", "body", "html" ], "baseRef": "sal0720form8k.htm", "contextRef": "From2022-07-20to2022-07-20", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "00000001 - Document - Cover", "role": "http://salisburybank.com/role/Cover", "shortName": "Cover", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "b", "p", "body", "html" ], "baseRef": "sal0720form8k.htm", "contextRef": "From2022-07-20to2022-07-20", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentDescription": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Description of changes contained within amended document.", "label": "Amendment Description" } } }, "localname": "AmendmentDescription", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "stringItemType" }, "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AnnualInformationForm": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.", "label": "Annual Information Form" } } }, "localname": "AnnualInformationForm", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AuditedAnnualFinancialStatements": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.", "label": "Audited Annual Financial Statements" } } }, "localname": "AuditedAnnualFinancialStatements", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CountryRegion": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Region code of country", "label": "Country Region" } } }, "localname": "CountryRegion", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2022", "xbrltype": "stringItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentAccountingStandard": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.", "label": "Document Accounting Standard" } } }, "localname": "DocumentAccountingStandard", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "accountingStandardItemType" }, "dei_DocumentAnnualReport": { "auth_ref": [ "r11", "r13", "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an annual report.", "label": "Document Annual Report" } } }, "localname": "DocumentAnnualReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentPeriodStartDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.", "label": "Document Period Start Date" } } }, "localname": "DocumentPeriodStartDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentQuarterlyReport": { "auth_ref": [ "r12" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an quarterly report.", "label": "Document Quarterly Report" } } }, "localname": "DocumentQuarterlyReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentRegistrationStatement": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a registration statement.", "label": "Document Registration Statement" } } }, "localname": "DocumentRegistrationStatement", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentShellCompanyEventDate": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "Date of event requiring a shell company report.", "label": "Document Shell Company Event Date" } } }, "localname": "DocumentShellCompanyEventDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentShellCompanyReport": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.", "label": "Document Shell Company Report" } } }, "localname": "DocumentShellCompanyReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentTransitionReport": { "auth_ref": [ "r15" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a transition report.", "label": "Document Transition Report" } } }, "localname": "DocumentTransitionReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "submissionTypeItemType" }, "dei_DocumentsIncorporatedByReferenceTextBlock": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Documents incorporated by reference.", "label": "Documents Incorporated by Reference [Text Block]" } } }, "localname": "DocumentsIncorporatedByReferenceTextBlock", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "textBlockItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityBankruptcyProceedingsReportingCurrent": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not. Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.", "label": "Entity Bankruptcy Proceedings, Reporting Current" } } }, "localname": "EntityBankruptcyProceedingsReportingCurrent", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityExTransitionPeriod": { "auth_ref": [ "r19" ], "lang": { "en-us": { "role": { "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.", "label": "Elected Not To Use the Extended Transition Period" } } }, "localname": "EntityExTransitionPeriod", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "fileNumberItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInteractiveDataCurrent": { "auth_ref": [ "r16" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).", "label": "Entity Interactive Data Current" } } }, "localname": "EntityInteractiveDataCurrent", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityPrimarySicNumber": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.", "label": "Entity Primary SIC Number" } } }, "localname": "EntityPrimarySicNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "sicNumberItemType" }, "dei_EntityPublicFloat": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.", "label": "Entity Public Float" } } }, "localname": "EntityPublicFloat", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "monetaryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.", "label": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).", "label": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "employerIdItemType" }, "dei_EntityVoluntaryFilers": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.", "label": "Entity Voluntary Filers" } } }, "localname": "EntityVoluntaryFilers", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityWellKnownSeasonedIssuer": { "auth_ref": [ "r17" ], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.", "label": "Entity Well-known Seasoned Issuer" } } }, "localname": "EntityWellKnownSeasonedIssuer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_Extension": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Extension number for local phone number.", "label": "Extension" } } }, "localname": "Extension", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "trueItemType" }, "dei_OtherReportingStandardItemNumber": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.", "label": "Other Reporting Standard Item Number" } } }, "localname": "OtherReportingStandardItemNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "otherReportingStandardItemNumberItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r7" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r8" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_Security12gTitle": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(g) registered security.", "label": "Title of 12(g) Security" } } }, "localname": "Security12gTitle", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SecurityReportingObligation": { "auth_ref": [ "r9" ], "lang": { "en-us": { "role": { "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.", "label": "Security Reporting Obligation" } } }, "localname": "SecurityReportingObligation", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "securityReportingObligationItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r10" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r18" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://salisburybank.com/role/Cover" ], "xbrltype": "booleanItemType" } }, "unitCount": 3 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r10": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r11": { "Name": "Form 10-K", "Number": "249", "Publisher": "SEC", "Section": "310" }, "r12": { "Name": "Form 10-Q", "Number": "240", "Publisher": "SEC", "Section": "308", "Subsection": "a" }, "r13": { "Name": "Form 20-F", "Number": "249", "Publisher": "SEC", "Section": "220", "Subsection": "f" }, "r14": { "Name": "Form 40-F", "Number": "249", "Publisher": "SEC", "Section": "240", "Subsection": "f" }, "r15": { "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-1" }, "r16": { "Name": "Regulation S-T", "Number": "232", "Publisher": "SEC", "Section": "405" }, "r17": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "405" }, "r18": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" }, "r19": { "Name": "Securities Act", "Number": "7A", "Publisher": "SEC", "Section": "B", "Subsection": "2" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-23" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r5": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "g" }, "r6": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12, 13, 15d" }, "r7": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r8": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r9": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "15", "Subsection": "d" } }, "version": "2.1" } ZIP 14 0001554795-22-000250-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001554795-22-000250-xbrl.zip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