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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 180,153 $ 75,785
Investment securities    
Available for sale, at fair value (amortized cost $201,270 and $234,252, respectively) 197,803 237,030
Held to maturity, at amortized cost (fair value $971,092 and $260,139, respectively) 977,061 247,672
Total investment securities 1,174,864 484,702
Loans held for sale, at lower of cost or fair value 1,490 6,909
Loans    
Total loans 3,319,106 3,153,648
Less: allowance for credit losses on loans (34,496) (36,016)
Net loans 3,284,610 3,117,632
Federal Home Loan Bank ("FHLB") of Boston Stock, at cost 4,816 5,734
Bank owned life insurance 46,970 46,169
Banking premises and equipment, net 17,326 18,158
Right-of-use asset operating leases 31,273 34,927
Deferred income taxes, net 9,985 11,639
Accrued interest receivable 9,162 9,514
Goodwill 51,912 51,912
Merger related intangibles, net 2,617 2,977
Other assets 76,366 83,239
Total assets 4,891,544 3,949,297
Deposits    
Demand 1,393,935 1,006,132
Interest bearing checking 763,188 625,650
Money market 1,104,238 532,218
Savings 907,722 984,262
Certificates of deposit 162,069 254,821
Total deposits 4,331,152 3,403,083
Borrowings 16,510 32,992
Operating lease liabilities 33,871 37,448
Other liabilities 72,174 74,042
Total liabilities 4,453,707 3,547,565
Shareholders’ Equity    
Common stock, par value $1.00; Authorized 10,000,000 shares; Outstanding: 6,968,192 shares and 6,926,728 shares, respectively 6,968 6,927
Additional paid-in capital 229,205 226,967
Retained earnings 202,874 165,404
Accumulated other comprehensive income (loss) (1,210) 2,434
Total shareholders’ equity 437,837 401,732
Total liabilities and shareholders’ equity 4,891,544 3,949,297
Residential Mortgage    
Loans    
Total loans 1,415,079 1,298,868
Commercial Mortgage    
Loans    
Total loans 1,511,002 1,358,962
Home Equity    
Loans    
Total loans 87,960 106,194
Commercial and Industrial    
Loans    
Total loans 269,446 347,855
Consumer    
Loans    
Total loans $ 35,619 $ 41,769