As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

ASSETS

Cash and due from banks 14,891 5,434 9,357 7,238 7,670
Interest bearing demand deposits with other banks 47,227 30,051 39,129 51,207 45,878
Total cash and cash equivalents 62,118 35,485 48,486 58,445 53,548
Interest bearing time deposits with financial institutions NA NA NA 0 786

Securities

Available-for-sale at fair value 76,694 79,623 78,212 91,818 94,814
CRA mutual fund NA NA 835 836 881
Federal Home Loan Bank of Boston stock at cost 3,176 3,211 3,813 4,496 2,575
Loans held-for-sale 763 0 669 0 506
Loans receivable, net 699,018 763,184 801,703 909,279 915,083
Other real estate owned 0 3,773 719 1,810 317
Bank premises and equipment, net 14,307 14,398 16,401 18,175 17,567
Goodwill 12,552 12,552 13,815 13,815 13,815
Intangible assets 2,338 1,737 1,837 1,383 1,086
Accrued interest receivable 2,307 2,424 2,665 3,148 3,425
Cash surrender value of life insurance policies 13,685 14,038 14,381 14,438 20,441
Deferred taxes 1,989 1,367 677 1,276 941
Other assets 2,245 3,574 2,771 2,635 18,455
Total Assets 891,192 935,366 986,984 1,121,554 1,144,240

LIABILITIES and SHAREHOLDERS' EQUITY

Deposits

Demand (non-interest bearing) 201,340 218,420 220,536 228,448 247,771
Demand (interest bearing) 125,465 127,854 142,575 153,586 160,139
Money market 183,783 182,476 190,953 204,219 238,494
Savings and other 119,651 135,435 144,600 178,807 166,298
Certificates of deposit 124,294 117,585 116,831 161,679 153,476
Total deposits 754,533 781,770 815,495 926,739 966,178
Repurchase agreements 3,914 5,535 1,668 4,104 8,588
Federal Home Loan Bank of Boston advances 26,979 37,188 54,422 67,154 37,828
Subordinated debt 9,764 9,788 9,811 9,835 9,853
Note payable 376 344 313 280 255
Finance lease obligations 422 418 1,835 3,081 1,729
Accrued interest and other liabilities 4,630 6,316 5,926 6,902 8,229
Total Liabilities 800,618 841,359 889,470 1,018,095 1,032,660

Shareholders' Equity

Common stock 273 276 279 281 282
Unearned compensation - restricted stock awards (110) (352) (606) (711) (887)
Paid-in capital 41,364 42,085 42,998 43,770 44,372
Retained earnings 47,922 51,521 54,664 60,339 66,104
Accumulated other comprehensive income (loss), net 1,125 477 179 (220) 1,709
Total Shareholders' Equity 90,574 94,007 97,514 103,459 111,580
Total Liabilities and Shareholders' Equity 891,192 935,366 986,984 1,121,554 1,144,240
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.