XML 20 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 85,014 $ 89,540
Federal funds sold and interest-bearing deposits in other banks 249,091 252,963
Total cash and cash equivalents 334,105 342,503
Securities available-for-sale, amortized cost $261,939 and $336,751, respectively 261,739 336,759
Securities held-to-maturity, fair value $2,188,465 and $1,991,421, respectively 2,164,135 2,046,647
Federal Home Loan Bank of Boston, stock at cost 14,025 17,974
Equity securities, amortized cost $1,635 and $1,635, respectively 1,672 1,596
Loans, net:    
Total loans, net 2,375,661 2,285,578
Less: allowance for loan losses 29,097 28,543
Net loans 2,346,564 2,257,035
Bank premises and equipment 31,520 23,921
Accrued interest receivable 13,275 14,406
Goodwill 2,714 2,714
Other assets 129,432 120,380
Total assets 5,299,181 5,163,935
Deposits:    
Demand deposits 797,455 813,478
Savings and NOW deposits 1,759,401 1,707,019
Money market accounts 1,249,923 1,325,888
Time deposits 533,074 560,579
Total deposits 4,339,853 4,406,964
Securities sold under agreements to repurchase 307,235 154,240
Other borrowed funds 209,188 202,378
Subordinated debentures 36,083 36,083
Other liabilities 77,862 63,831
Total liabilities 4,970,221 4,863,496
Stockholders' Equity    
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 328,801 301,488
Stockholders' equity before adjustment of accumulated other comprehensive income (loss) 346,661 319,348
Unrealized losses on securities available-for-sale, net of taxes (150) 6
Unrealized losses on securities transferred to held-to-maturity, net of taxes (1,991) (2,565)
Pension liability, net of taxes (15,560) (16,350)
Total accumulated other comprehensive loss, net of taxes (17,701) (18,909)
Total stockholders' equity 328,960 300,439
Total liabilities and stockholders' equity 5,299,181 5,163,935
Construction and land development [Member]    
Loans, net:    
Total loans, net 7,824 13,628
Commercial and industrial [Member]    
Loans, net:    
Total loans, net 783,950 761,625
Municipal [Member]    
Loans, net:    
Total loans, net 121,802 97,290
Commercial real estate [Member]    
Loans, net:    
Total loans, net 765,385 750,362
Residential real estate [Member]    
Loans, net:    
Total loans, net 364,317 348,250
Consumer and overdrafts [Member]    
Loans, net:    
Total loans, net 21,748 22,083
Home equity [Member]    
Loans, net:    
Total loans, net 310,635 292,340
Class A Common Stock [Member]    
Stockholders' Equity    
Common stock value 3,650 3,608
Total stockholders' equity 3,650 3,608
Class B Common Stock [Member]    
Stockholders' Equity    
Common stock value 1,918 1,960
Total stockholders' equity $ 1,918 $ 1,960