Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD
Source Document Currency Code 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD

ASSETS

CASH AND DUE FROM BANKS 9,847 14,112 10,294 9,891 9,799
FEDERAL FUNDS SOLD 459 521 269 100 630
INTEREST-BEARING DEPOSITS AND OTHER SHORT-TERM INVESTMENTS 1,455 5,109 8,222 3,712 40,374
CASH AND CASH EQUIVALENTS 11,761 19,742 18,785 13,703 50,803
SECURITIES AVAILABLE FOR SALE - AT FAIR VALUE 621,507 243,204 215,750 182,590 295,577
SECURITIES HELD TO MATURITY 0 295,013 278,080 238,219 0
FEDERAL HOME LOAN BANK OF BOSTON AND OTHER RESTRICTED STOCK - AT COST 14,269 15,631 14,934 15,074 12,194
LOANS - Net of allowance for loan losses 587,124 629,968 716,738 809,373 937,693
PREMISES AND EQUIPMENT, Net 11,077 10,995 11,703 13,564 13,140
ACCRUED INTEREST RECEIVABLE 4,602 4,201 4,213 3,878 3,578
BANK-OWNED LIFE INSURANCE 46,222 47,179 48,703 50,230 51,363
DEFERRED TAX ASSET, Net 123 6,334 8,819 10,881 9,546
OTHER REAL ESTATE OWNED 964 NA NA NA NA
OTHER ASSETS 3,813 4,574 2,371 2,418 3,886
TOTAL ASSETS 1,301,462 1,276,841 1,320,096 1,339,930 1,377,780

LIABILITIES AND SHAREHOLDERS' EQUITY

LIABILITIES

DEPOSITS
Noninterest-bearing 114,388 145,040 136,186 157,844 180,624
Interest-bearing 639,025 672,072 698,032 742,519 781,934
Total deposits 753,413 817,112 834,218 900,363 962,558
SHORT-TERM BORROWINGS 69,934 48,197 93,997 128,407 180,273
LONG-TERM DEBT 278,861 248,377 232,479 153,358 71,165
DUE TO BROKER 0 299 NA NA NA
OTHER LIABILITIES 10,067 8,712 16,859 18,336 18,561
TOTAL LIABILITIES 1,112,275 1,122,697 1,177,553 1,200,464 1,232,557

SHAREHOLDERS' EQUITY

Preferred stock 0 0 0 0 0
Common stock 228 201 187 183 184
Additional paid-in capital 144,718 121,860 111,696 108,210 108,761
Unearned compensation - ESOP (8,553) (8,003) (7,469) (6,952) (6,570)
Unearned compensation - Equity Incentive Plan (265) (187) (95) (313) (612)
Retained earnings 42,364 43,248 45,699 49,316 50,738
Accumulated other comprehensive loss 10,695 (2,975) (7,475) (10,978) (7,278)
Total shareholders' equity 189,187 154,144 142,543 139,466 145,223
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,301,462 1,276,841 1,320,096 1,339,930 1,377,780
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.