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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest and dividend income    
Interest and fees on loans $ 4,429 $ 4,595
Interest on debt securities    
Taxable 467 716
Tax exempt 488 534
Other interest and dividends 22 13
Total interest and dividend income 5,406 5,858
Interest expense    
Deposits 490 667
Repurchase agreements 1 13
Federal Home Loan Bank of Boston advances 312 495
Total interest expense 803 1,175
Net interest and dividend income 4,603 4,683
Provision for loan losses 396 180
Net interest and dividend income after provision for loan losses 4,207 4,503
Non-interest income    
Trust and wealth advisory 725 755
Service charges and fees 516 521
Gains on sales of mortgage loans, net 279 372
Mortgage servicing, net 26 (84)
Gains on securities, net   12
Other 79 83
Total non-interest income 1,625 1,659
Non-interest expense    
Salaries 1,750 1,710
Employee benefits 685 690
Premises and equipment 583 605
Data processing 419 402
Professional fees 380 313
Collections and OREO 157 111
FDIC insurance 125 128
Marketing and community support 122 87
Amortization of intangibles 56 56
Other 428 398
Total non-interest expense 4,705 4,500
Income before income taxes 1,127 1,662
Income tax provision 187 412
Net income 940 1,250
Net income available to common shareholders $ 900 $ 1,167
Basic and diluted earnings per common share $ 0.53 $ 0.69
Common dividends per share $ 0.28 $ 0.28