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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks (Note 2) $ 62,400 $ 52,877
Federal funds sold and interest-bearing deposits in other banks 173,751 167,847
Total cash and cash equivalents 236,151 220,724
Short-term investments 3,183 3,233
Securities available-for-sale, amortized cost $500,220 in 2016 and $404,977 in 2015 (Notes 3, 9 and 11) 499,297 404,623
Securities held-to-maturity, fair value $1,635,808 in 2016 and $1,438,960 in 2015 (Notes 4 and 11) 1,653,986 1,438,903
Federal Home Loan Bank of Boston, stock at cost 21,042 28,807
Loans, net (Note 5) 1,923,933 1,731,536
Less: allowance for loan losses (Note 6) 24,406 23,075
Net loans 1,899,527 1,708,461
Bank premises and equipment (Note 7) 23,417 24,106
Accrued interest receivable 9,645 8,002
Other assets (Notes 5, 8 and 16) 116,360 110,582
Total assets 4,462,608 3,947,441
LIABILITIES AND STOCKHOLDERS' EQUITY    
Demand deposits 689,286 541,955
Savings and NOW deposits 1,304,394 1,070,585
Money market accounts 1,181,179 989,094
Time deposits (Note 10) 478,359 473,426
Total deposits 3,653,218 3,075,060
Securities sold under agreements to repurchase (Note 11) 182,280 197,850
Other borrowed funds (Note 12) 293,000 368,000
Subordinated debentures (Note 12) 36,083 36,083
Other liabilities 57,986 55,904
Total liabilities 4,222,567 3,732,897
Commitments and contingencies (Notes 7, 18 and 19)
Stockholders' equity (Note 15):    
Preferred Stock - $1.00 par value; 100,000 shares authorized; no shares issued and outstanding
Additional paid-in capital 12,292 12,292
Retained earnings 243,565 221,232
Stockholders' equity before adjustment of accumulated other comprehensive income (loss) 261,425 239,092
Unrealized losses on securities available-for-sale, net of taxes (567) (246)
Unrealized losses on securities transferred to held-to-maturity, net of taxes (4,084) (6,896)
Pension liability, net of taxes (16,733) (17,406)
Total accumulated other comprehensive loss, net of taxes (Notes 3, 13 and 15) (21,384) (24,548)
Total stockholders' equity 240,041 214,544
Total liabilities and stockholders' equity 4,462,608 3,947,441
Class A Common Stock [Member]    
Stockholders' equity (Note 15):    
Common stock value 3,601 3,601
Total stockholders' equity 3,601 3,601
Class B Common Stock [Member]    
Stockholders' equity (Note 15):    
Common stock value 1,967 1,967
Total stockholders' equity $ 1,967 $ 1,967