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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 98,789 $ 75,785
Investment securities    
Available for sale, at fair value (amortized cost $211,990 and $234,252, respectively) 212,266 237,030
Held to maturity, at amortized cost (fair value $499,885 and $260,139, respectively) 492,782 247,672
Total investment securities 705,048 484,702
Loans held for sale, at lower of cost or fair value 911 6,909
Loans    
Total loans 3,281,149 3,153,648
Less: allowance for credit losses on loans (35,029) (36,016)
Net loans 3,246,120 3,117,632
Federal Home Loan Bank of Boston Stock, at cost 4,816 5,734
Bank owned life insurance 46,574 46,169
Banking premises and equipment, net 17,586 18,158
Right-of-use asset operating leases 33,536 34,927
Deferred income taxes, net 10,486 11,639
Accrued interest receivable 8,983 9,514
Goodwill 51,912 51,912
Merger-related intangibles, net 2,797 2,977
Other assets 75,729 83,239
Total assets 4,303,287 3,949,297
Deposits    
Demand 1,208,951 1,006,132
Interest-bearing checking 672,794 625,650
Money market 726,101 532,218
Savings 942,865 984,262
Certificates of deposit 213,847 254,821
Total deposits 3,764,558 3,403,083
Borrowings 17,244 32,992
Operating lease liabilities 35,923 37,448
Other liabilities 66,061 74,042
Total liabilities 3,883,786 3,547,565
Shareholders’ Equity    
Common stock, par value $1.00; Authorized: 10,000,000 shares; Outstanding: 6,965,557 shares and 6,926,728 shares, respectively 6,966 6,927
Additional paid-in capital 228,387 226,967
Retained earnings 184,790 165,404
Accumulated other comprehensive income (loss) (642) 2,434
Total shareholders’ equity 419,501 401,732
Total liabilities and shareholders’ equity 4,303,287 3,949,297
Residential Mortgage    
Loans    
Total loans 1,346,262 1,298,868
Commercial Mortgage    
Loans    
Total loans 1,438,084 1,358,962
Home Equity    
Loans    
Total loans 92,983 106,194
Commercial and Industrial    
Loans    
Total loans 357,937 347,855
Consumer    
Loans    
Total loans $ 45,883 $ 41,769