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 cash equivalents 17,440 24,645 54,050 103,591 16,431

Investment securities

Available for sale, at fair value 339,791 347,173 325,641 205,017 180,363
Held to maturity, at amortized cost 79,646 83,063 82,502 232,188 271,005
Total investment securities 419,437 430,236 408,143 437,205 451,368
Loans held for sale, at lower of cost or fair value 284 0 6,506 0 0

Loans

Residential mortgage 507,216 546,245 534,404 538,920 573,525
Commercial mortgage 441,842 511,071 616,140 633,649 688,536
Home equity 56,579 63,522 75,051 74,444 70,173
Commercial & Industrial 49,492 42,384 59,706 65,295 82,243
Consumer 25,637 28,992 34,853 38,591 37,304
Total loans 1,080,766 1,192,214 1,320,154 1,350,899 1,451,781
Less - allowance for loan losses (14,269) (15,191) (15,261) (15,320) (16,106)
Net loans 1,066,497 1,177,023 1,304,893 1,335,579 1,435,675
Federal Home Loan Bank of Boston Stock, at cost 7,955 6,465 4,098 4,242 6,666
Bank owned life insurance 29,220 29,887 30,499 31,083 30,800
Banking premises and equipment, net 8,367 11,371 10,451 9,310 8,836
Deferred income taxes, net NA NA 13,693 8,273 8,990
Accrued interest receivable 3,925 4,222 4,627 5,128 5,536
Other assets 20,567 22,352 12,039 15,523 24,642
Total assets 1,573,692 1,706,201 1,848,999 1,949,934 1,988,944

Liabilities

Deposits

Demand 390,286 436,998 472,923 493,613 505,951
Interest bearing checking 352,661 370,400 430,706 462,957 385,617
Money market 74,654 73,911 72,057 69,259 119,241
Savings 430,040 497,525 539,190 589,741 606,843
Certificates of deposit 122,895 178,390 171,162 159,830 113,627
Total deposits 1,370,536 1,557,224 1,686,038 1,775,400 1,731,279
Short-term borrowings 69,000 0 0 0 66,700
Long-term borrowings 0 3,910 3,746 3,579 3,452
Other liabilities 17,898 20,004 24,544 22,998 26,737
Total liabilities 1,457,434 1,581,138 1,714,328 1,801,977 1,828,168

Shareholders' Equity

Common stock 3,941 4,000 4,037 4,082 4,106
Additional paid-in capital 28,264 30,427 33,253 35,663 37,789
Retained earnings 91,098 99,064 107,262 114,093 127,883
Accumulated other comprehensive loss (7,045) (8,428) (9,881) (5,881) (9,002)
Total shareholders' equity 116,258 125,063 134,671 147,957 160,776
Total liabilities and shareholders' equity 1,573,692 1,706,201 1,848,999 1,949,934 1,988,944
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.