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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 40,523 $ 37,215
Federal funds sold and interest-bearing deposits in other banks 126,808 151,337
Total cash and cash equivalents 167,331 188,552
Short-term investments 94,091 113,918
Securities available-for-sale, amortized cost $1,066,255 and $903,556, respectively 1,077,478 909,391
Securities held-to-maturity, fair value $200,742 and $233,524, respectively 196,392 230,116
Federal Home Loan Bank of Boston stock, at cost 15,531 15,531
Loans, net:    
Commercial and industrial 88,619 90,654
Construction and land development 55,572 53,583
Commercial real estate 470,041 433,337
Residential real estate 232,235 207,787
Home equity 110,001 114,209
Consumer and other 6,560 6,594
Total loans, net 963,028 906,164
Less: allowance for loan losses 15,915 14,053
Net loans 947,113 892,111
Bank premises and equipment 21,723 21,228
Accrued interest receivable 7,054 6,601
Goodwill 2,714 2,714
Core deposit intangible 314 508
Other assets 68,188 61,014
Total assets 2,597,929 2,441,684
Deposits:    
Demand deposits 323,868 322,002
Savings and NOW deposits 654,670 649,402
Money market accounts 570,338 513,359
Time deposits 507,330 417,260
Total deposits 2,056,206 1,902,023
Securities sold under agreements to repurchase 108,930 108,550
Other borrowed funds 213,143 222,118
Subordinated debentures 36,083 36,083
Other liabilities 28,225 27,885
Total liabilities 2,442,587 2,296,659
Stockholders' Equity    
Preferred stock - $1.00 par value; 100,000 shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 11,542 11,537
Retained earnings 138,357 131,526
Total stockholders' equity 155,440 148,603
Unrealized gains on securities available-for-sale, net of taxes 6,883 3,593
Pension liability, net of taxes (6,981) (7,171)
Total accumulated other comprehensive loss, net of taxes (98) (3,578)
Total stockholders' equity 155,342 145,025
Total liabilities and stockholders' equity 2,597,929 2,441,684
Class A Common Stock
   
Stockholders' Equity    
Common stock 3,544 3,529
Total stockholders' equity 3,544 3,529
Class B Common Stock
   
Stockholders' Equity    
Common stock 1,997 2,011
Total stockholders' equity $ 1,997 $ 2,011