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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 due from banks 8,933 10,976 13,066 14,678 12,170
Interest-bearing deposits with Federal Reserve Bank of Boston and Federal Home Loan Bank 19,795 9,786 23,853 16,804 48,414
Money Market Mutual Funds 13 95 388 1,051 0
Federal funds sold 149 150 185 0 0
Cash and cash equivalents 28,890 21,007 37,492 32,533 61,612
Interest-bearing time deposits with other bank NA NA 0 NA NA
Certificates of Deposit 1,250 1,250 1,250 250 0
Investments in available-for-sale securities (at fair value) 71,517 58,728 51,656 41,255 39,652
Federal Home Loan Bank stock, at cost 2,047 2,896 903 903 575
Loans held-for-sale 2,167 2,801 2,259 2,154 3,303
Loans outstanding 326,723 409,164 396,413 388,359 383,926
Less - Allowance for loan losses 3,028 3,753 4,088 4,387 3,727
Loans, net 323,695 405,411 392,325 383,972 380,199
Premises and equipment, net 1,420 1,905 1,863 1,450 1,353
Accrued interest receivable 1,143 1,301 1,402 1,232 1,249
Other real estate owned NA 0 192 0 0
Bank owned life insurance 7,389 9,130 9,370 9,602 9,656
Other assets 5,262 5,570 5,313 5,325 9,521
Total other assets NA NA 18,140 17,609 21,779
TOTAL ASSETS 444,780 509,999 504,025 478,676 507,120

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits

Demand deposits 135,580 134,341 143,635 151,292 135,830
Savings and NOW deposits 179,775 212,835 247,251 219,448 259,444
Time deposits 57,287 66,588 66,514 57,305 56,031
Total deposits 372,642 413,764 457,400 428,045 451,305
Securities sold under agreements to repurchase 1,915 2,694 2,449 1,681 1,841
Federal Home Loan Bank advances 31,500 54,058 2,318 4,191 3,748
Long-term subordinated debt 7,230 7,252 7,281 7,310 7,317
Other liabilities 1,751 1,944 2,358 2,320 6,494
Total liabilities 415,038 479,712 471,806 443,547 470,705

Stockholders' equity

Common stock 18,856 19,133 19,433 19,437 19,462
Retained earnings 11,288 12,017 13,657 16,941 17,642
Treasury stock (7) (7) (7) (7) (7)
Unearned compensation- restricted stock awards (206) (293) (420) (244) (208)
Accumulated other comprehensive loss (189) (563) (444) (998) (474)
Total stockholders' equity 29,742 30,287 32,219 35,129 36,415
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 444,780 509,999 504,025 478,676 507,120
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.

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