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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES:    
Net income $ 3,366 $ 3,313
Adjustments to reconcile net income to net cash provided by operating activities:    
(Credit) provision for loan losses (305) 480
Depreciation and amortization of premises and equipment 530 532
Net amortization of premiums and discounts on securities and mortgage loans 2,307 1,937
Net amortization of premiums on modified debt 312 214
Share-based compensation expense 82 968
Amortization of ESOP expense 307 327
Excess tax benefits from equity incentive plan (2) (12)
Excess tax benefits in connection with stock option exercises   (203)
Net gains on sales of securities (2,250) (1,681)
Gain on sale of other real estate owned 6  
Deferred income tax benefit (8) (102)
Income from bank-owned life insurance (773) (661)
Gain on bank-owned life insurance death benefit (563) (80)
Changes in assets and liabilities:    
Accrued interest receivable 141 (661)
Other assets 842 (332)
Other liabilities 531 755
Net cash provided by operating activities 4,523 4,804
Securities, held to maturity:    
Purchases (2,636)  
Proceeds from calls, maturities, and principal collections 363  
Securities, available for sale:    
Purchases (150,972) (255,877)
Proceeds from sales 122,092 189,949
Proceeds from calls, maturities, and principal collections 41,654 44,884
Purchase of residential mortgages (28,491) (45,690)
Loan originations and principal payments, net 16,751 15,588
Purchase of Federal Home Loan Bank of Boston stock (1,391) (1,802)
Proceeds from redemption of other restricted stock 31 195
Proceeds from sale of other real estate owned 958  
Purchases of premises and equipment (764) (713)
Purchase of banked-owned life insurance   (2,600)
Surrender of bank-owned life insurance   1,585
Disbursement of bank-owned life insurance gain (282)  
Proceeds from payout on bank-owned life insurance 1,437  
Net cash used in investing activities (1,250) (54,481)
FINANCING ACTIVITIES:    
Net increase in deposits 29,269 14,593
Net change in short-term borrowings 38 5,589
Repayment of long-term debt (41,250) (48,231)
Proceeds from long-term debt 32,068 90,667
Cash dividends paid (3,534) (5,581)
Common stock repurchased (15,921) (9,024)
Issuance of common stock in connection with stock option exercises   854
Excess tax benefits in connection with equity incentive plan 2 12
Excess tax benefits in connection with stock option exercises   203
Net cash (used) provided by financing activities 672 49,082
NET CHANGE IN CASH AND CASH EQUIVALENTS: 3,945 (595)
Beginning of period 11,761 21,105
End of period 15,706 20,510
Supplemental cashflow information:    
Securities reclassified from available-for-sale to held-to-maturity 172,091  
Interest paid 5,359 6,408
Taxes paid 313 1,604
Net cash paid to broker for common stock repurchased   $ 352