CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 5,864	$ 6,404
Interest bearing demand deposits with other banks	44,675	168,931
Total cash and cash equivalents	50,539	175,335
Interest bearing Time Deposits with Financial Institutions		750
Securities
Available-for-sale at fair value	187,410	202,396
Mutual funds at fair value	1,933	901
Federal Home Loan Bank of Boston stock at cost	1,285	1,397
Loans held-for-sale		2,684
Loans receivable, net (allowance for loan losses: $14,846 and $12,962)	1,213,671	1,066,750
Bank premises and equipment, net	22,148	22,625
Goodwill	13,815	13,815
Intangible assets (net of accumulated amortization: $5,654 and $5,463)	227	418
Accrued interest receivable	6,797	6,260
Cash surrender value of life insurance policies	30,379	27,738
Deferred taxes	8,492	2,588
Other assets	4,886	5,527
Total Assets	1,541,582	1,529,184
Deposits
Demand (non-interest bearing)	395,994	416,073
Demand (interest bearing)	231,486	233,600
Money market	343,965	330,436
Savings and other	233,578	237,075
Certificates of deposit	153,370	119,009
Total deposits	1,358,393	1,336,193
Repurchase agreements	7,228	11,430
Federal Home Loan Bank of Boston advances	10,000	7,656
Subordinated debt	24,531	24,474
Note payable	128	170
Finance lease obligations	4,262	4,107
Accrued interest and other liabilities	8,685	8,554
Total Liabilities	1,413,227	1,392,584
Shareholders' Equity 1
Outstanding: 5,798,816 and 5,723,394	580	286
Unearned compensation – restricted stock awards	(1,144)	(925)
Paid-in capital	47,466	46,374
Retained earnings	102,178	89,995
Accumulated other comprehensive (loss) income, net	(20,725)	870
Total Shareholders' Equity	128,355	136,600
Total Liabilities and Shareholders' Equity	$ 1,541,582	$ 1,529,184