Salisbury bancorp inc (SAL)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Dec'16Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and due from banks

6,597

7,406

7,670

8,010

6,944

7,238

5,860

5,953

5,781

9,357

6,833

5,434

-

-

-

-

-

-

-

-

-

-

6,061

6,917

4,783

-

6,019

7,570

-

Interest bearing demand deposits with other banks

32,665

19,479

45,878

40,503

41,685

51,207

36,360

71,520

39,198

39,129

42,570

30,051

-

-

-

-

-

-

-

-

-

-

59,355

37,058

33,540

-

59,498

36,374

-

Total cash and cash equivalents

39,262

26,885

53,548

48,513

48,629

58,445

42,220

77,473

44,979

48,486

49,403

35,485

-

-

-

-

-

-

-

-

-

-

65,416

43,975

38,323

-

65,517

43,944

-

Interest bearing Time Deposits with Financial Institutions

750

750

786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities
Available-for-sale at fair value

91,333

91,801

94,814

100,149

98,255

91,818

95,780

85,057

79,906

78,212

85,508

79,623

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CRA mutual fund at fair value

900

882

881

869

852

836

823

825

826

835

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest bearing time deposits with other banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Available-for-sale at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125,665

135,662

145,919

-

151,078

139,407

-

Held-to-maturity at amortized cost (fair value: $ - and $52)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

52

53

-

Federal Home Loan Bank of Boston stock at cost

2,733

3,242

2,575

2,839

3,372

4,496

4,988

4,988

4,146

3,813

3,038

3,211

-

-

-

-

-

-

-

-

-

-

5,747

5,747

5,747

-

6,032

6,032

-

Loans held-for-sale

580

332

506

403

-

-

589

206

0

669

561

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,595

3,155

1,308

-

1,057

146

-

Loans receivable, net (allowance for loan losses: $10,618 and $8,895)

949,142

927,413

915,083

910,573

911,188

909,279

898,625

872,796

830,370

801,703

784,136

763,184

-

-

-

-

-

-

-

-

-

-

377,377

377,212

371,709

-

362,879

364,854

-

Other real estate owned

-

314

317

401

741

1,810

340

478

667

719

3,944

3,773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

75

-

Other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

641

0

0

-

37

452

-

Bank premises and equipment, net

17,535

17,385

17,567

17,609

17,812

18,175

18,494

18,811

18,197

16,401

16,329

14,398

-

-

-

-

-

-

-

-

-

-

11,619

11,725

11,861

-

12,126

12,307

-

Goodwill

13,815

13,815

13,815

13,815

13,815

13,815

13,815

13,815

13,815

13,815

13,815

12,552

-

-

-

-

-

-

-

-

-

-

9,829

9,829

9,829

-

9,829

9,829

-

Intangible assets (net of accumulated amortization: $4,973 and $4,886)

908

995

1,086

1,180

1,279

1,383

1,490

1,601

1,716

1,837

1,974

1,737

-

-

-

-

-

-

-

-

-

-

853

909

964

-

1,075

1,131

-

Accrued interest receivable

3,437

3,415

3,425

3,439

3,411

3,148

3,317

3,025

2,704

2,665

2,520

2,424

-

-

-

-

-

-

-

-

-

-

1,966

2,652

2,789

-

2,042

2,086

-

Cash surrender value of life insurance policies

20,714

20,580

20,441

15,355

15,267

14,438

14,627

14,544

14,462

14,381

14,297

14,038

-

-

-

-

-

-

-

-

-

-

7,239

7,172

7,104

-

3,974

3,934

-

Deferred taxes

1,174

1,249

941

707

766

1,276

1,454

1,101

905

677

1,326

1,367

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

367

579

-

472

1,328

-

Other assets

3,468

3,390

18,455

3,360

3,538

2,635

2,153

2,060

2,241

2,771

2,618

3,574

-

-

-

-

-

-

-

-

-

-

3,033

2,452

2,818

-

2,713

2,737

-

Total Assets

1,145,751

1,112,448

1,144,240

1,119,212

1,118,925

1,121,554

1,098,715

1,096,780

1,014,934

986,984

979,469

935,366

-

-

-

-

-

-

-

-

-

-

611,037

600,857

598,950

-

618,958

588,315

-

LIABILITIES and SHAREHOLDERS' EQUITY
Deposits
Demand (non-interest bearing)

243,491

237,852

247,771

231,019

219,168

228,448

233,935

215,149

220,796

220,536

225,496

218,420

-

-

-

-

-

-

-

-

-

-

90,064

87,615

88,588

-

82,425

78,985

-

Demand (interest bearing)

157,069

153,314

160,139

156,687

157,123

153,586

151,830

147,120

146,312

142,575

139,521

127,854

-

-

-

-

-

-

-

-

-

-

66,535

62,728

64,563

-

71,303

63,651

-

Money market

222,746

239,504

238,494

231,987

203,309

204,219

202,308

228,918

185,955

190,953

196,745

182,476

-

-

-

-

-

-

-

-

-

-

136,512

130,976

119,944

-

122,184

113,316

-

Savings and other

167,408

161,112

166,298

158,809

190,011

178,807

176,415

172,701

155,630

144,600

152,570

135,435

-

-

-

-

-

-

-

-

-

-

100,462

97,147

98,232

-

97,405

93,341

-

Certificates of deposit

174,906

127,724

153,476

172,221

172,358

161,679

137,673

133,593

123,144

116,831

117,657

117,585

-

-

-

-

-

-

-

-

-

-

96,633

99,444

101,359

-

105,274

109,736

-

Total deposits

965,620

919,506

966,178

950,723

941,969

926,739

902,161

897,481

831,837

815,495

831,989

781,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

490,206

477,910

472,686

-

478,591

459,029

-

Repurchase agreements

4,929

8,530

8,588

6,308

2,951

4,104

6,658

1,691

3,962

1,668

4,529

5,535

-

-

-

-

-

-

-

-

-

-

2,941

6,181

10,359

-

14,787

12,359

-

Federal Home Loan Bank of Boston advances

40,932

50,887

37,828

32,769

47,712

67,154

67,596

79,538

62,480

54,422

27,364

37,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated debt

9,865

9,859

9,853

9,847

9,841

9,835

9,829

9,823

9,817

9,811

9,805

9,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable

237

246

255

263

272

280

289

297

305

313

321

344

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations

1,707

1,718

1,729

3,011

3,046

3,081

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank of Boston advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42,392

-42,801

-43,207

-

-

-

-

Capital lease liability

-

-

-

-

-

-

3,114

3,147

3,179

1,835

1,859

418

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank of Boston advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,033

55,460

-

Accrued interest and other liabilities

6,318

8,047

8,229

7,343

7,025

6,902

8,301

5,623

5,257

5,926

6,076

6,316

-

-

-

-

-

-

-

-

-

-

5,124

4,839

4,631

-

3,160

3,358

-

Total Liabilities

1,029,608

998,793

1,032,660

1,010,264

1,012,816

1,018,095

997,948

997,600

916,837

889,470

881,943

841,359

-

-

-

-

-

-

-

-

-

-

540,663

531,731

530,883

-

551,571

530,206

-

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

Shareholders' Equity
Preferred stock - $.01 per share par value, Authorized: 25,000; Issued: 16,000 (Series B); Outstanding: 0 and 16,000; Liquidation preference: $1,000 per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,000

16,000

16,000

-

16,000

8,749

-

Common stock - $.10 per share par value; Authorized: 5,000,000; Issued: 2,884,988 and 2,872,578; Outstanding: 2,806,781 and 2,785,216

-

-

-

-

-

-

280

280

279

279

279

-

-

-

-

-

-

-

-

-

-

-

169

169

169

-

169

169

-

Common stock - $.10 per share par value; Authorized: 5,000,000; Issued: 2,829,017 and 2,825,912; Outstanding: 2,829,017 and 2,825,912

283

283

282

282

281

281

-

-

-

-

-

276

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unearned compensation - restricted stock awards

659

795

887

1,075

606

711

857

983

493

606

660

352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock warrants outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

112

-

Paid-in capital

44,566

44,490

44,372

44,382

43,765

43,770

43,757

43,727

43,040

42,998

42,983

42,085

-

-

-

-

-

-

-

-

-

-

13,158

13,158

13,134

-

13,227

13,227

-

Retained earnings

69,547

68,320

66,104

63,905

61,989

60,339

58,561

57,002

55,883

54,664

54,368

51,521

-

-

-

-

-

-

-

-

-

-

40,175

39,554

38,958

-

37,553

37,216

-

Accumulated other comprehensive income, net

2,406

1,357

1,709

1,454

680

-220

-974

-846

-612

179

556

477

-

-

-

-

-

-

-

-

-

-

872

245

-194

-

326

-1,364

-

Total Shareholders' Equity

116,143

113,655

111,580

108,948

106,109

103,459

100,767

99,180

98,097

97,514

97,526

94,007

103,211

101,821

75,516

75,000

74,001

72,790

71,211

71,489

72,206

71,997

70,374

69,126

68,067

66,862

67,387

58,109

55,016

Total Liabilities and Shareholders' Equity

1,145,751

1,112,448

1,144,240

1,119,212

1,118,925

1,121,554

1,098,715

1,096,780

1,014,934

986,984

979,469

935,366

-

-

-

-

-

-

-

-

-

-

611,037

600,857

598,950

-

618,958

588,315

-