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 3/31/2019 USD 2019 Q1 YTD 3/31/2019 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 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

Assets

Cash and cash equivalents 24,645 54,050 103,591 18,473 37,006

Investment securities

Available for sale, at fair value 347,173 325,641 205,017 168,163 144,762
Held to maturity, at amortized cost 83,063 82,502 232,188 282,869 298,830
Total investment securities 430,236 408,143 437,205 451,032 443,592
Loans held for sale, at lower of cost or fair value 0 6,506 0 0 0

Loans

Residential mortgage 546,245 534,404 538,920 604,331 613,254
Commercial mortgage 511,071 616,140 633,649 757,957 749,835
Home equity 63,522 75,051 74,444 69,336 68,849
Commercial & Industrial 42,384 59,706 65,295 93,712 90,172
Consumer 28,992 34,853 38,591 34,436 33,044
Total loans 1,192,214 1,320,154 1,350,899 1,559,772 1,555,154
Less - allowance for loan losses (15,191) (15,261) (15,320) (16,768) (16,652)
Net loans 1,177,023 1,304,893 1,335,579 1,543,004 1,538,502
Federal Home Loan Bank of Boston Stock, at cost 6,465 4,098 4,242 6,844 2,672
Bank owned life insurance 29,887 30,499 31,083 30,933 31,060
Banking premises and equipment, net 11,371 10,451 9,310 8,578 8,719
Deferred income taxes, net NA 13,693 8,273 8,717 7,167
Accrued interest receivable 4,222 4,627 5,128 5,762 6,012
Other assets 22,352 12,039 15,523 28,041 63,818
Total assets 1,706,201 1,848,999 1,949,934 2,101,384 2,138,548

Liabilities

Deposits

Demand 436,998 472,923 493,613 494,492 490,649
Interest bearing checking 370,400 430,706 462,957 431,702 385,605
Money market 73,911 72,057 69,259 135,585 146,925
Savings 497,525 539,190 589,741 628,212 709,940
Certificates of deposit 178,390 171,162 159,830 121,419 169,264
Total deposits 1,557,224 1,686,038 1,775,400 1,811,410 1,902,383
Short-term borrowings 0 0 0 90,000 0
Long-term borrowings 3,910 3,746 3,579 3,409 3,366
Other liabilities 20,004 24,544 22,998 29,539 60,531
Total liabilities 1,581,138 1,714,328 1,801,977 1,934,358 1,966,280

Shareholders' Equity

Common stock, par value 4,000 4,037 4,082 4,107 4,124
Additional paid-in capital 30,427 33,253 35,663 38,271 38,239
Retained earnings 99,064 107,262 114,093 131,135 135,235
Accumulated other comprehensive loss (8,428) (9,881) (5,881) (6,487) (5,330)
Total shareholders' equity 125,063 134,671 147,957 167,026 172,268
Total liabilities and shareholders' equity 1,706,201 1,848,999 1,949,934 2,101,384 2,138,548
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.