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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 7,855 $ 5,864
Interest bearing demand deposits with other banks 46,202 44,675
Total cash and cash equivalents 54,057 50,539
Securities    
Available-for-sale, at fair value 177,477 187,410
Mutual funds at fair value 2,020 1,933
Federal Home Loan Bank of Boston stock at cost 1,488 1,285
Loans receivable, net (allowance for credit losses: $15,558 and $14,846) 1,237,511 1,213,671
Bank premises and equipment, net 21,268 22,148
Goodwill 13,815 13,815
Intangible assets (net of accumulated amortization: $5,727 and $5,654) 154 227
Accrued interest receivable 6,546 6,797
Cash surrender value of life insurance policies 30,248 30,379
Deferred taxes 8,631 8,492
Other assets 5,121 4,886
Total Assets 1,558,336 1,541,582
Deposits    
Demand (non-interest bearing) 353,794 395,994
Demand (interest bearing) 219,483 231,486
Money market 361,004 343,965
Savings and other 218,339 233,578
Certificates of deposit 207,330 153,370
Total deposits 1,359,950 1,358,393
Repurchase agreements 7,492 7,228
Federal Home Loan Bank of Boston advances 20,000 10,000
Subordinated debt 24,559 24,531
Note payable 106 128
Finance lease obligations 4,189 4,262
Accrued interest and other liabilities 8,975 8,685
Total Liabilities 1,425,271 1,413,227
Shareholders' Equity    
Outstanding: 5,807,119 and 5,798,816 581 580
Unearned compensation – restricted stock awards (779) (1,144)
Paid-in capital 47,443 47,466
Retained earnings 105,846 102,178
Accumulated other comprehensive loss, net (20,026) (20,725)
Total Shareholders' Equity 133,065 128,355
Total Liabilities and Shareholders' Equity $ 1,558,336 $ 1,541,582