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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 5,860 $ 9,357
Interest bearing demand deposits with other banks 36,360 39,129
Total cash and cash equivalents 42,220 48,486
Securities    
Available-for-sale at fair value 95,780 78,212
CRA mutual fund 823 835
Federal Home Loan Bank of Boston stock at cost 4,988 3,813
Loans held-for-sale 589 669
Loans receivable, net (allowance for loan losses: $7,745 and $6,776) 898,625 801,703
Other real estate owned 340 719
Bank premises and equipment, net 18,494 16,401
Goodwill 13,815 13,815
Intangible assets (net of accumulated amortization: $4,390 and $4,043) 1,490 1,837
Accrued interest receivable 3,317 2,665
Cash surrender value of life insurance policies 14,627 14,381
Deferred taxes 1,454 677
Other assets 2,153 2,771
Total Assets 1,098,715 986,984
Deposits    
Demand (non-interest bearing) 233,935 220,536
Demand (interest bearing) 151,830 142,575
Money market 202,308 190,953
Savings and other 176,415 144,600
Certificates of deposit 137,673 116,831
Total deposits 902,161 815,495
Repurchase agreements 6,658 1,668
Federal Home Loan Bank of Boston advances 67,596 54,422
Subordinated debt 9,829 9,811
Note payable 289 313
Capital lease liability 3,114 1,835
Accrued interest and other liabilities 8,301 5,926
Total Liabilities 997,948 889,470
Shareholders' Equity    
Common stock - $.10 per share par value; Authorized: 5,000,000; Issued: 2,885,788 and 2,872,578; Outstanding: 2,804,881 and 2,785,216 280 279
Unearned compensation - restricted stock awards (857) (606)
Paid-in capital 43,757 42,998
Retained earnings 58,561 54,664
Accumulated other comprehensive (loss) income, net (974) 179
Total Shareholders' Equity 100,767 97,514
Total Liabilities and Shareholders' Equity $ 1,098,715 $ 986,984