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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 25,353 $ 30,719
Investment securities    
Available for sale, at fair value (amortized cost $167,903 and $182,027, respectively) 136,253 153,416
Held to maturity, at amortized cost (fair value $784,636 and $885,586, respectively) 980,591 1,051,997
Total investment securities 1,116,844 1,205,413
Loans held for sale, at lower of cost or fair value 614  
Loans    
Total loans 4,027,967 4,062,856
Less: allowance for credit losses on loans (38,194) (37,774)
Net loans 3,989,773 4,025,082
Federal Home Loan Bank of Boston Stock, at cost 12,321 6,264
Bank owned life insurance 35,063 34,484
Banking premises and equipment, net 22,297 23,297
Right-of-use asset operating leases 22,095 25,098
Deferred income taxes, net 16,495 17,990
Accrued interest receivable 15,255 14,118
Goodwill 64,539 64,539
Merger-related intangibles, net 6,773 7,443
Other assets 124,608 105,290
Total assets 5,452,030 5,559,737
Deposits    
Demand 1,036,849 1,366,395
Interest-bearing checking 1,134,270 908,961
Money market 1,005,820 1,162,773
Savings 560,597 790,628
Certificates of deposit 828,390 586,619
Total deposits 4,565,926 4,815,376
Borrowings 233,905 105,212
Operating lease liabilities 24,196 27,413
Other liabilities 101,972 94,184
Total liabilities 4,925,999 5,042,185
Shareholders’ Equity    
Common stock, par value $1.00; Authorized: 10,000,000 shares; Outstanding: 7,846,041 shares, and 7,796,440 shares, respectively 7,846 7,796
Additional paid-in capital 294,025 293,186
Retained earnings 247,714 237,369
Accumulated other comprehensive loss (23,554) (20,799)
Total shareholders’ equity 526,031 517,552
Total liabilities and shareholders’ equity 5,452,030 5,559,737
Residential Mortgage    
Loans    
Total loans 1,627,460 1,648,838
Commercial Mortgage    
Loans    
Total loans 1,922,455 1,914,423
Home Equity    
Loans    
Total loans 93,364 111,351
Commercial and Industrial    
Loans    
Total loans 355,796 350,650
Consumer    
Loans    
Total loans $ 28,892 $ 37,594