XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 4,573 $ 4,604
Short-term investments 28,832 23,858
Total cash and cash equivalents 33,405 28,462
Certificates of deposit 100 100
Securities available for sale, at fair value 67,251 66,486
Federal Home Loan Bank of Boston stock, at cost 5,942 5,937
Loans held for sale 596 0
Loans 710,904 692,455
Less allowance for loan losses (6,413) (6,153)
Loans, net 704,491 686,302
Bank-owned life insurance 7,650 7,535
Premises and equipment, net 3,387 3,470
Accrued interest receivable 2,168 2,140
Net deferred tax asset 2,681 2,352
Other assets 2,539 2,611
Total assets 830,210 805,395
Deposits:    
Non-interest-bearing 116,324 104,346
Interest-bearing 526,862 512,396
Total deposits 643,186 616,742
Short-term borrowings 30,000 38,000
Long-term borrowings 82,682 77,174
Subordinated debt 9,817 9,802
Accrued expenses and other liabilities 3,085 4,432
Total liabilities 768,770 746,150
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value; 14,000,000 shares authorized, 2,506,132 and 2,506,532 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 25 25
Additional paid-in capital 25,941 25,601
Retained earnings 37,322 34,736
Accumulated other comprehensive income (loss) (756) 39
Unearned compensation - ESOP (1,092) (1,156)
Total stockholders' equity 61,440 59,245
Total liabilities and stockholders' equity $ 830,210 $ 805,395