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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Shareholders' Equity    
Total Shareholders' Equity $ 75,000 $ 72,790
Balance Sheets
   
ASSETS    
Cash and due from banks 8,213 5,926
Interest bearing demand deposits with other banks 26,695 6,785
Total cash and cash equivalents 34,908 12,711
Interest-bearing time deposits with other banks    738
Securities    
Available-for-sale at fair value 88,456 94,491
Federal Home Loan Bank of Boston stock at cost 4,428 5,340
Loans held-for-sale    173
Loans receivable, net (allowance for loan losses: $5,102 and $4,683) 456,627 438,178
Other real estate owned 377 377
Bank premises and equipment, net 13,013 11,611
Goodwill 9,829 9,829
Intangible assets (net of accumulated amortization: $2,085 and $1,967) 946 576
Accrued interest receivable 1,733 1,760
Cash surrender value of life insurance policies 7,641 7,529
Deferred taxes    260
Other assets 3,518 3,536
Total Assets 621,476 587,109
Deposits    
Demand (non-interest bearing) 93,768 84,677
Demand (interest bearing) 83,631 81,932
Money market 125,732 120,550
Savings and other 117,890 107,171
Certificates of deposit 86,340 83,039
Total deposits 507,361 477,369
Repurchase agreements 4,344 2,554
Federal Home Loan Bank of Boston advances 29,619 30,411
Capital lease liability 425 425
Deferred taxes 539   
Accrued interest and other liabilities 4,188 3,560
Total Liabilities 546,476 514,319
Commitments and contingencies      
Shareholders' Equity    
Preferred stock - $.01 per share par value; Authorized: 25,000; Issued: 16,000 (Series B); Liquidation preference: $1,000 per share 16,000 16,000
Common stock - $.10 per share par value; Authorized: 3,000,000; Issued: 1,713,281 and 1,710,121 171 171
Unearned compensation - restricted stock awards (296) (335)
Paid-in capital 13,764 13,668
Retained earnings 42,712 42,240
Accumulated other comprehensive income, net 2,649 1,046
Total Shareholders' Equity 75,000 72,790
Total Liabilities and Shareholders' Equity $ 621,476 $ 587,109