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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 61,335,000 $ 18,473,000
Investment securities    
Available for sale, at fair value (amortized cost $141,109 and $172,290, respectively) 140,330,000 168,163,000
Held to maturity, at amortized cost (fair value $264,114 and $281,310, respectively) 258,172,000 282,869,000
Total investment securities 398,502,000 451,032,000
Loans held for sale, at lower of cost or fair value 1,546,000  
Loans    
Total loans 2,226,728,000 1,559,772,000
Less: allowance for loan losses (18,180,000) (16,768,000)
Net loans 2,208,548,000 1,543,004,000
Federal Home Loan Bank of Boston Stock, at cost 7,854,000 6,844,000
Bank owned life insurance 37,319,000 30,933,000
Banking premises and equipment, net 14,756,000 8,578,000
Right-of-use asset operating leases 33,587,000  
Deferred income taxes, net 8,229,000 8,717,000
Accrued interest receivable 7,052,000 5,762,000
Goodwill 31,206,000 412,000
Merger related intangibles, net 3,338,000  
Other assets 42,291,000 27,629,000
Total assets 2,855,563,000 2,101,384,000
Deposits    
Demand 630,593,000 494,492,000
Interest bearing checking 450,098,000 431,702,000
Money market 181,406,000 135,585,000
Savings 914,499,000 628,212,000
Certificates of deposit 182,282,000 121,419,000
Total deposits 2,358,878,000 1,811,410,000
Short-term borrowings 135,691,000 90,000,000
Long-term borrowings   3,409,000
Operating lease liabilities 35,054,000  
Other liabilities 39,379,000 29,539,000
Total liabilities 2,569,002,000 1,934,358,000
Shareholders’ Equity    
Common stock, par value $1.00; Authorized 10,000,000 shares; Outstanding: 4,082,188 shares and 4,036,879 shares, respectively 5,401,000 4,107,000
Additional paid-in capital 136,766,000 38,271,000
Retained earnings 146,875,000 131,135,000
Accumulated other comprehensive loss (2,481,000) (6,487,000)
Total shareholders’ equity 286,561,000 167,026,000
Total liabilities and shareholders’ equity 2,855,563,000 2,101,384,000
Residential Mortgage    
Loans    
Total loans 917,566,000 604,331,000
Commercial Mortgage    
Loans    
Total loans 1,060,574,000 757,957,000
Home Equity    
Loans    
Total loans 80,675,000 69,336,000
Commercial & Industrial    
Loans    
Total loans 133,236,000 93,712,000
Consumer    
Loans    
Total loans $ 34,677,000 $ 34,436,000