As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD

ASSETS

Cash and due from banks 13,280 14,891 5,434 9,357 5,860
Interest bearing demand deposits with other banks 22,825 47,227 30,051 39,129 36,360
Total cash and cash equivalents 36,105 62,118 35,485 48,486 42,220

Securities

Available-for-sale at fair value 91,312 76,694 79,623 78,212 95,780
CRA mutual fund NA NA NA 835 823
Federal Home Loan Bank of Boston stock at cost 3,515 3,176 3,211 3,813 4,988
Loans held-for-sale 568 763 0 669 589
Loans receivable, net 673,330 699,018 763,184 801,703 898,625
Other real estate owned 1,002 0 3,773 719 340
Bank premises and equipment, net 14,431 14,307 14,398 16,401 18,494
Goodwill 12,552 12,552 12,552 13,815 13,815
Intangible assets 2,990 2,338 1,737 1,837 1,490
Accrued interest receivable 2,334 2,307 2,424 2,665 3,317
Cash surrender value of life insurance policies 13,314 13,685 14,038 14,381 14,627
Deferred taxes 2,428 1,989 1,367 677 1,454
Other assets 1,546 2,245 3,574 2,771 2,153
Total Assets 855,427 891,192 935,366 986,984 1,098,715

LIABILITIES and SHAREHOLDERS' EQUITY

Deposits

Demand (non-interest bearing) 161,386 201,340 218,420 220,536 233,935
Demand (interest bearing) 117,169 125,465 127,854 142,575 151,830
Money market 174,274 183,783 182,476 190,953 202,308
Savings and other 121,387 119,651 135,435 144,600 176,415
Certificates of deposit 141,210 124,294 117,585 116,831 137,673
Total deposits 715,426 754,533 781,770 815,495 902,161
Repurchase agreements 4,163 3,914 5,535 1,668 6,658
Federal Home Loan Bank of Boston advances 28,813 26,979 37,188 54,422 67,596
Subordinated debt 0 9,764 9,788 9,811 9,829
Note payable 0 376 344 313 289
Capital lease liability 424 422 418 1,835 3,114
Accrued interest and other liabilities 4,780 4,630 6,316 5,926 8,301
Total Liabilities 753,606 800,618 841,359 889,470 997,948

Shareholders' Equity

Preferred stock 16,000 NA NA NA NA
Common stock 272 273 276 279 280
Unearned compensation - restricted stock awards (313) (110) (352) (606) (857)
Paid-in capital 41,077 41,364 42,085 42,998 43,757
Retained earnings 42,677 47,922 51,521 54,664 58,561
Accumulated other comprehensive (loss) income, net 2,108 1,125 477 179 (974)
Total Shareholders' Equity 101,821 90,574 94,007 97,514 100,767
Total Liabilities and Shareholders' Equity 855,427 891,192 935,366 986,984 1,098,715
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.