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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 25,023 $ 180,153
Investment securities    
Available for sale, at fair value (amortized cost $194,014 and $201,270, respectively) 173,952 197,803
Held to maturity, at amortized cost (fair value $990,221 and $971,092, respectively) 1,105,858 977,061
Total investment securities 1,279,810 1,174,864
Loans held for sale, at lower of cost or fair value   1,490
Loans    
Total loans 3,523,492 3,319,106
Less: allowance for credit losses on loans (34,124) (34,496)
Net loans 3,489,368 3,284,610
Federal Home Loan Bank of Boston Stock, at cost 10,518 4,816
Bank owned life insurance 33,621 46,970
Banking premises and equipment, net 16,682 17,326
Right-of-use asset operating leases 28,235 31,273
Deferred income taxes, net 12,202 9,985
Accrued interest receivable 10,061 9,162
Goodwill 51,912 51,912
Merger-related intangibles, net 2,436 2,617
Other assets 98,067 76,366
Total assets 5,057,935 4,891,544
Deposits    
Demand 1,399,141 1,393,935
Interest-bearing checking 710,150 763,188
Money market 1,130,848 1,104,238
Savings 898,178 907,722
Certificates of deposit 125,740 162,069
Total deposits 4,264,057 4,331,152
Borrowings 252,867 16,510
Operating lease liabilities 30,659 33,871
Other liabilities 68,301 72,174
Total liabilities 4,615,884 4,453,707
Shareholders’ Equity    
Common stock, par value $1.00; Authorized: 10,000,000 shares; Outstanding: 7,007,063 shares and 6,968,192 shares, respectively 7,007 6,968
Additional paid-in capital 229,918 229,205
Retained earnings 220,907 202,874
Accumulated other comprehensive income (loss) (15,781) (1,210)
Total shareholders’ equity 442,051 437,837
Total liabilities and shareholders’ equity 5,057,935 4,891,544
Residential Mortgage    
Loans    
Total loans 1,482,551 1,415,079
Commercial Mortgage    
Loans    
Total loans 1,636,867 1,511,002
Home Equity    
Loans    
Total loans 91,835 87,960
Commercial and Industrial    
Loans    
Total loans 268,170 269,446
Consumer    
Loans    
Total loans $ 44,069 $ 35,619