As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y AR 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y AR 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Assets

Cash and cash equivalents 24,645 54,050 103,591 18,473 68,949

Investment securities

Available for sale, at fair value 347,173 325,641 205,017 168,163 148,068
Held to maturity, at amortized cost 83,063 82,502 232,188 282,869 269,475
Total investment securities 430,236 408,143 437,205 451,032 417,543
Loans held for sale, at lower of cost or fair value 0 6,506 0 0 2,082

Loans

Residential mortgage 546,245 534,404 538,920 604,331 909,822
Commercial mortgage 511,071 616,140 633,649 757,957 1,016,772
Home equity 63,522 75,051 74,444 69,336 82,713
Commercial & Industrial 42,384 59,706 65,295 93,712 138,072
Consumer 28,992 34,853 38,591 34,436 32,503
Total loans 1,192,214 1,320,154 1,350,899 1,559,772 2,179,882
Less - allowance for loan losses (15,191) (15,261) (15,320) (16,768) (18,035)
Net loans 1,177,023 1,304,893 1,335,579 1,543,004 2,161,847
Federal Home Loan Bank of Boston Stock, at cost 6,465 4,098 4,242 6,844 9,159
Bank owned life insurance 29,887 30,499 31,083 30,933 37,161
Banking premises and equipment, net 11,371 10,451 9,310 8,578 14,954
Right-of-use asset operating leases NA NA NA 0 34,553
Deferred income taxes, net NA 13,693 8,273 8,717 7,939
Accrued interest receivable 4,222 4,627 5,128 5,762 6,959
Goodwill NA NA NA 412 31,206
Merger related intangibles NA NA NA 0 3,429
Other assets 22,352 12,039 15,523 27,629 46,087
Total assets 1,706,201 1,848,999 1,949,934 2,101,384 2,841,868

Liabilities

Deposits

Demand 436,998 472,923 493,613 494,492 654,133
Interest bearing checking 370,400 430,706 462,957 431,702 429,755
Money market 73,911 72,057 69,259 135,585 214,721
Savings 497,525 539,190 589,741 628,212 876,392
Certificates of deposit 178,390 171,162 159,830 121,419 232,858
Total deposits 1,557,224 1,686,038 1,775,400 1,811,410 2,407,859
Short-term borrowings 0 0 0 90,000 113,935
Long-term borrowings 3,910 3,746 3,579 3,409 0
Operating lease liabilities NA NA NA 0 35,990
Other liabilities 20,004 24,544 22,998 29,539 40,739
Total liabilities 1,581,138 1,714,328 1,801,977 1,934,358 2,598,523

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 98,256
Retained earnings 99,064 107,262 114,093 131,135 142,237
Accumulated other comprehensive loss (8,428) (9,881) (5,881) (6,487) (1,998)
Total shareholders' equity 125,063 134,671 147,957 167,026 243,345
Total liabilities and shareholders' equity 1,706,201 1,848,999 1,949,934 2,101,384 2,841,868
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.