As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

Assets

Cash and cash equivalents 24,645 54,050 103,591 18,473 38,557

Investment securities

Available for sale, at fair value 347,173 325,641 205,017 168,163 153,053
Held to maturity, at amortized cost 83,063 82,502 232,188 282,869 286,350
Total investment securities 430,236 408,143 437,205 451,032 439,403
Loans held for sale, at lower of cost or fair value 0 6,506 0 0 384

Loans

Residential mortgage 546,245 534,404 538,920 604,331 938,559
Commercial mortgage 511,071 616,140 633,649 757,957 905,442
Home equity 63,522 75,051 74,444 69,336 85,814
Commercial & Industrial 42,384 59,706 65,295 93,712 134,307
Consumer 28,992 34,853 38,591 34,436 32,428
Total loans 1,192,214 1,320,154 1,350,899 1,559,772 2,096,550
Less - allowance for loan losses (15,191) (15,261) (15,320) (16,768) (17,099)
Net loans 1,177,023 1,304,893 1,335,579 1,543,004 2,079,451
Federal Home Loan Bank of Boston Stock, at cost 6,465 4,098 4,242 6,844 8,245
Bank owned life insurance 29,887 30,499 31,083 30,933 36,996
Banking premises and equipment, net 11,371 10,451 9,310 8,578 14,863
Deferred income taxes, net NA 13,693 8,273 8,717 7,267
Accrued interest receivable 4,222 4,627 5,128 5,762 7,485
Goodwill NA NA NA 412 31,206
Merger related intangibles NA NA NA 0 3,519
Other assets 22,352 12,039 15,523 27,629 73,932
Total assets 1,706,201 1,848,999 1,949,934 2,101,384 2,741,308

Liabilities

Deposits

Demand 436,998 472,923 493,613 494,492 587,030
Interest bearing checking 370,400 430,706 462,957 431,702 422,426
Money market 73,911 72,057 69,259 135,585 200,935
Savings 497,525 539,190 589,741 628,212 853,356
Certificates of deposit 178,390 171,162 159,830 121,419 265,918
Total deposits 1,557,224 1,686,038 1,775,400 1,811,410 2,329,665
Short-term borrowings 0 0 0 90,000 103,000
Long-term borrowings 3,910 3,746 3,579 3,409 3,323
Other liabilities 20,004 24,544 22,998 29,539 68,226
Total liabilities 1,581,138 1,714,328 1,801,977 1,934,358 2,504,214

Shareholders' Equity

Common stock 4,000 4,037 4,082 4,107 4,850
Additional paid-in capital 30,427 33,253 35,663 38,271 97,844
Retained earnings 99,064 107,262 114,093 131,135 137,036
Accumulated other comprehensive loss (8,428) (9,881) (5,881) (6,487) (2,636)
Total shareholders' equity 125,063 134,671 147,957 167,026 237,094
Total liabilities and shareholders' equity 1,706,201 1,848,999 1,949,934 2,101,384 2,741,308
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.