Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD

ASSETS

CASH AND DUE FROM BANKS 14,112 10,294 9,891 23,297 16,444
FEDERAL FUNDS SOLD 521 269 100 4,388 716
INTEREST-BEARING DEPOSITS AND OTHER SHORT-TERM INVESTMENTS 5,109 8,222 3,712 42,549 2,247
CASH AND CASH EQUIVALENTS 19,742 18,785 13,703 70,234 19,407
SECURITIES AVAILABLE-FOR-SALE - AT FAIR VALUE 243,204 215,750 182,590 300,115 303,395
SECURITIES HELD TO MATURITY 295,013 278,080 238,219 NA NA
FEDERAL HOME LOAN BANK OF BOSTON AND OTHER RESTRICTED STOCK - AT COST 15,631 14,934 15,074 16,124 16,075
LOANS - Net of allowance for loan losses 629,968 716,738 809,373 1,556,416 1,598,246
PREMISES AND EQUIPMENT, Net 10,995 11,703 13,564 20,885 23,754
ACCRUED INTEREST RECEIVABLE 4,201 4,213 3,878 5,782 5,594
BANK-OWNED LIFE INSURANCE 47,179 48,703 50,230 66,938 67,858
DEFERRED TAX ASSET, Net 6,334 8,819 10,881 16,159 15,840
GOODWILL NA NA 0 13,747 12,487
CORE DEPOSIT INTANGIBLE NA NA 0 4,438 4,250
OTHER REAL ESTATE OWNED NA NA 0 NA NA
OTHER ASSETS 4,574 2,371 2,418 5,180 6,557
TOTAL ASSETS 1,276,841 1,320,096 1,339,930 2,076,018 2,073,463

LIABILITIES AND SHAREHOLDERS' EQUITY

LIABILITIES

DEPOSITS
Non-interest-bearing 145,040 136,186 157,844 303,993 299,493
Interest-bearing 672,072 698,032 742,519 1,214,078 1,195,844
Total deposits 817,112 834,218 900,363 1,518,071 1,495,337
SHORT-TERM BORROWINGS 48,197 93,997 128,407 172,351 191,008
LONG-TERM DEBT 248,377 232,479 153,358 124,836 117,704
DUE TO BROKER 299 NA NA NA NA
SECURITIES PENDING SETTLEMENT NA NA 0 NA NA
OTHER LIABILITIES 8,712 16,859 18,336 22,364 18,213
TOTAL LIABILITIES 1,122,697 1,177,553 1,200,464 1,837,622 1,822,262

SHAREHOLDERS' EQUITY

Preferred stock 0 0 0 0 0
Common stock 201 187 183 304 311
Additional paid-in capital 121,860 111,696 108,210 205,996 209,425
Unearned compensation - ESOP (8,003) (7,469) (6,952) (6,418) (6,105)
Unearned compensation - Equity Incentive Plan (187) (95) (313) (536) (1,109)
Retained earnings 43,248 45,699 49,316 51,711 58,786
Accumulated other comprehensive loss (2,975) (7,475) (10,978) (12,661) (10,107)
TOTAL SHAREHOLDERS' EQUITY 154,144 142,543 139,466 238,396 251,201
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,276,841 1,320,096 1,339,930 2,076,018 2,073,463
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.