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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 35,119 $ 103,591
Investment securities    
Available for sale, at fair value (amortized cost $197,135 and $208,911, respectively) 191,011 205,017
Held to maturity, at amortized cost (fair value $276,866 and $233,554, respectively) 279,694 232,188
Total investment securities 470,705 437,205
Loans held for sale, at lower of cost or fair value 566  
Loans    
Residential mortgage 549,982 538,920
Commercial mortgage 662,613 633,649
Home equity 71,853 74,444
Commercial & Industrial 80,152 65,295
Consumer 36,608 38,591
Total loans 1,401,208 1,350,899
Less: allowance for loan losses (15,645) (15,320)
Net loans 1,385,563 1,335,579
Federal Home Loan Bank of Boston Stock, at cost 4,513 4,242
Bank owned life insurance 30,671 31,083
Banking premises and equipment, net 9,116 9,310
Deferred income taxes, net 8,432 8,273
Accrued interest receivable 5,279 5,128
Other assets 21,250 15,523
Total assets 1,971,214 1,949,934
Deposits    
Demand 547,631 493,613
Interest bearing checking 408,074 462,957
Money market 81,848 69,259
Savings 613,478 589,741
Certificates of deposit 137,256 159,830
Total deposits 1,788,287 1,775,400
Long-term borrowings 3,494 3,579
Other liabilities 23,741 22,998
Total liabilities 1,815,522 1,801,977
Shareholders’ Equity    
Common stock, par value $1.00; Authorized 10,000,000 shares; Outstanding: 4,104,317 shares and 4,082,188 shares, respectively 4,104 4,082
Additional paid-in capital 37,152 35,663
Retained earnings 123,276 114,093
Accumulated other comprehensive loss (8,840) (5,881)
Total shareholders’ equity 155,692 147,957
Total liabilities and shareholders’ equity $ 1,971,214 $ 1,949,934