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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 30,719 $ 180,153
Investment securities    
Available for sale, at fair value (amortized cost $182,027 and $201,270, respectively) 153,416 197,803
Held to maturity, at amortized cost (fair value $885,586 and $971,092, respectively) 1,051,997 977,061
Total investment securities 1,205,413 1,174,864
Loans held for sale, at lower of cost or fair value   1,490
Loans    
Total loans 4,062,856 3,319,106
Less: allowance for credit losses on loans (37,774) (34,496)
Net loans 4,025,082 3,284,610
Federal Home Loan Bank ("FHLB") of Boston Stock, at cost 6,264 4,816
Bank owned life insurance 34,484 46,970
Banking premises and equipment, net 23,297 17,326
Right-of-use asset operating leases 25,098 31,273
Deferred income taxes, net 17,990 9,985
Accrued interest receivable 14,118 9,162
Goodwill 64,539 51,912
Merger related intangibles, net 7,443 2,617
Other assets 105,290 76,366
Total assets 5,559,737 4,891,544
Deposits    
Demand 1,366,395 1,393,935
Interest bearing checking 908,961 763,188
Money market 1,162,773 1,104,238
Savings 790,628 907,722
Certificates of deposit 586,619 162,069
Total deposits 4,815,376 4,331,152
Borrowings 105,212 16,510
Operating lease liabilities 27,413 33,871
Other liabilities 94,184 72,174
Total liabilities 5,042,185 4,453,707
Shareholders’ Equity    
Common stock, par value $1.00; Authorized 10,000,000 shares; Outstanding: 7,796,440 shares and 6,968,192 shares, respectively 7,796 6,968
Additional paid-in capital 293,186 229,205
Retained earnings 237,369 202,874
Accumulated other comprehensive loss (20,799) (1,210)
Total shareholders’ equity 517,552 437,837
Total liabilities and shareholders’ equity 5,559,737 4,891,544
Residential Mortgage    
Loans    
Total loans 1,648,838 1,415,079
Commercial Mortgage    
Loans    
Total loans 1,914,423 1,511,002
Home Equity    
Loans    
Total loans 111,351 87,960
Commercial and Industrial    
Loans    
Total loans 350,650 269,446
Consumer    
Loans    
Total loans $ 37,594 $ 35,619