Western New England Bancorp (WNEB) 10-K 11 Mar 21 2020 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 05, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--12-31
Entity File Number	001-16767
Entity Registrant Name	Western New England Bancorp, Inc.
Entity Central Index Key	0001157647
Entity Tax Identification Number	73-1627673
Entity Incorporation, State or Country Code	MA
Entity Address, Address Line One	141 Elm Street
Entity Address, City or Town	Westfield
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01085
City Area Code	413
Local Phone Number	568-1911
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	WNEB
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 148,480,694
Entity Common Stock, Shares Outstanding		25,103,656
ICFR Auditor Attestation Flag	true
Share Price			$ 5.79

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 17,399	$ 16,640
Federal funds sold	2,987	1,635
Interest-bearing deposits and other short-term investments	67,058	6,466
Cash and cash equivalents	87,444	24,741
Securities available-for-sale, at fair value	201,880	227,708
Marketable equity securities, at fair value	11,968	6,737
Federal Home Loan Bank stock and other restricted stock, at cost	5,160	14,477
Loans, net of allowance for loan losses of $21,157 and $14,102 at December 31, 2020 and 2019, respectively	1,906,226	1,761,932
Premises and equipment, net	25,103	23,763
Accrued interest receivable	8,477	5,313
Bank-owned life insurance	72,860	71,051
Deferred tax asset, net	12,588	9,161
Goodwill	12,487	12,487
Core deposit intangible	2,937	3,312
Other assets	18,756	20,794
Total Assets	2,365,886	2,181,476
Deposits:
Non-interest-bearing	541,759	393,303
Interest-bearing	1,496,371	1,284,561
Total deposits	2,038,130	1,677,864
Short-term borrowings		35,000
Long-term debt	57,850	205,515
Securities pending settlement	160
Other liabilities	43,106	31,073
Total liabilities	2,139,246	1,949,452
SHAREHOLDERS’ EQUITY:
Preferred stock - $0.01 par value, 5,000,000 shares authorized, none outstanding at December 31, 2020 and  December 31, 2019
Common stock - $0.01 par value, 75,000,000 shares authorized, 25,276,193 shares issued and outstanding at December 31, 2020; 26,557,981 shares issued and outstanding at December 31, 2019	253	266
Additional paid-in capital	154,549	164,248
Unearned compensation - ESOP	(3,997)	(4,574)
Unearned compensation - Equity Incentive Plan	(1,240)	(1,124)
Retained earnings	88,354	82,176
Accumulated other comprehensive loss	(11,279)	(8,968)
TOTAL SHAREHOLDERS’ EQUITY	226,640	232,024
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,365,886	$ 2,181,476

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for loan losses	$ 21,157	$ 14,102
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	75,000,000	75,000,000
Common stock, issued	25,276,193	26,557,981
Common stock, outstanding	25,276,193	26,557,981

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest and dividend income:
Residential and commercial real estate loans	$ 62,115	$ 62,240	$ 57,647
Commercial and industrial loans	15,409	12,254	12,801
Consumer loans	313	343	347
Debt securities, taxable	4,163	5,981	6,920
Debt securities, tax-exempt	56	72	85
Equity securities	123	163	152
Other investments	587	833	863
Short-term investments	109	230	175
Total interest and dividend income	82,875	82,116	78,990
Interest expense:
Deposits	13,500	17,207	11,683
Long-term debt	3,333	4,361	4,380
Short-term borrowings	1,612	2,569	2,915
Total interest expense	18,445	24,137	18,978
Net interest and dividend income	64,430	57,979	60,012
Provision for loan losses	7,775	2,675	1,900
Net interest and dividend income after provision for loan losses	56,655	55,304	58,112
Non-interest income (loss):
Service charges and fees	7,067	7,364	6,937
Income from BOLI	1,809	1,799	1,825
Gain on bank-owned life insurance death benefit			715
Gain (loss) on available-for-sale securities, net	1,965	(97)	(281)
Gain on sale of OREO			48
Unrealized gains (losses) on marketable equity securities, net	109	165	(142)
Loss on interest rate swap termination	(2,353)
Other income	654	474	131
Total non-interest income	9,251	9,705	9,233
Non-interest expense:
Salaries and employees benefits	29,349	27,654	25,982
Occupancy	4,520	4,174	3,974
Furniture and equipment	1,537	1,673	1,561
Data processing	2,901	2,780	2,638
Professional fees	2,372	2,439	2,810
FDIC insurance assessment	1,032	430	603
Advertising	1,106	1,332	1,395
Loss on prepayment of borrowings	987
Other expenses	7,946	7,326	7,274
Total non-interest expense	51,750	47,808	46,237
Income before income taxes	14,156	17,201	21,108
Income tax provision	2,941	3,852	4,700
Net income	$ 11,215	$ 13,349	$ 16,408
Earnings per common share:
Basic earnings per share	$ 0.45	$ 0.51	$ 0.57
Weighted average shares outstanding	25,047,195	26,185,336	28,886,904
Diluted earnings per share	$ 0.45	$ 0.51	$ 0.57
Weighted average diluted shares outstanding	25,062,476	26,303,140	29,029,394

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Net income		$ 11,215	$ 13,349	$ 16,408
Unrealized gains (losses) on available-for-sale securities:
Unrealized holding gains (losses)		3,660	9,394	(4,814)
Reclassification adjustment for net (gains) losses realized in income	[1]	(1,965)	97	281
Unrealized gains (losses)		1,695	9,491	(4,533)
Tax effect		(410)	(2,420)	938
Net-of-tax amount		1,285	7,071	(3,595)
Cash flow hedges:
Change in fair value of derivatives used for cash flow hedges		1,099	(900)	442
Reclassification adjustment for loss realized in interest expense	[2]	674	387	452
Reclassification adjustment for termination fee realized in interest expense	[3]	842	1,068	1,068
Unrealized gains on cash flow hedges		2,615	555	1,962
Tax effect		(736)	(156)	(551)
Net-of-tax amount		1,879	399	1,411
Defined benefit pension plan:
(Losses) gains arising during the period		(8,037)	(4,349)	1,328
Amortization of defined benefit plans actuarial loss	[4]	421	137	177
Unrecognized actuarial (losses) gains on defined benefit plan		(7,616)	(4,212)	1,505
Tax effect		2,141	1,183	(422)
Net-of-tax amount		(5,475)	(3,029)	1,083
Other comprehensive (loss) income		(2,311)	4,441	(1,101)
Comprehensive income		$ 8,904	$ 17,790	$ 15,307
[1]	Realized gains and losses on available-for-sale securities are recognized as a component of non-interest income in the consolidated statements of net income.  The tax effects associated with the reclassification adjustments were $502,000, $(37,000) and $(79,000) for the years ended December 31, 2020, 2019 and 2018, respectively.
[2]	Loss realized in interest expense on derivative instruments is recognized as a component of interest expense on long-term debt in the consolidated statements of net income. Income tax effects associated with the reclassification adjustments were $189,000, $109,000 and $127,000 for the years ended December 31, 2020, 2019 and 2018, respectively.
[3]	Termination fee realized in interest expense on derivative instruments is recognized as a component of interest expense on long-term debt in the consolidated statements of net income. Income tax effects associated with the reclassification adjustments were $237,000, $300,000 and $300,000 for the years ended December 31, 2020, 2019 and 2018, respectively.
[4]	Amounts represent the reclassification of defined benefit plan amortization and have been recognized as a component of non-interest expense in the consolidated statements of net income.  Income tax effects associated with the reclassification adjustments were $118,000, $38,000 and $50,000 for the years ended December 31, 2020, 2019 and 2018, respectively.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Income tax expense (benefits) on realized gains and losses on available-for-sale securities	$ 502,000	$ (37,000)	$ (79,000)
Income tax benefit on derivative instruments	189,000	109,000	127,000
Income tax benefit on termination fee on derivative instruments	237,000	300,000	300,000
Income tax benefit, defined benefit plans	$ 118,000	$ 38,000	$ 50,000

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Unearned Compensation - ESOP [Member]	Deferred Compensation, Share-based Payments [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2017	$ 305	$ 203,527	$ (5,786)	$ (791)	$ 62,578	$ (12,552)	$ 247,281
Beginning balance, shares at Dec. 31, 2017	30,487,309
Comprehensive income (loss)					16,408	(1,101)	15,307
Cumulative-effect adjustment due to change in accounting principle (ASU 2017-08)					(237)	237
Common stock held by ESOP committed to be released		345	615				960
Common stock repurchased	$ (22)	(22,815)					(22,837)
Common stock repurchased (in shares)	(2,198,376)
Share-based compensation - equity incentive plan				845			845
Issuance of common stock in connection with stock option exercises		114					114
Issuance of common stock in connection with stock option exercises (shares)	18,975
Issuance of common stock in connection with equity incentive plan	$ 1	925		(926)
Issuance of common stock in connection with equity incentive plan (shares)	85,440
Cash dividends declared and paid on common stock					(4,641)		(4,641)
Ending balance, value at Dec. 31, 2018	$ 284	182,096	(5,171)	(872)	74,108	(13,416)	237,029
Ending balance, shares at Dec. 31, 2018	28,393,348
Comprehensive income (loss)					13,349	4,441	17,790
Cumulative-effect adjustment due to change in accounting principle (ASU 2017-08)					(7)	7
Common stock held by ESOP committed to be released		237	597				834
Common stock repurchased	$ (19)	(19,215)					(19,234)
Common stock repurchased (in shares)	(1,958,111)
Share-based compensation - equity incentive plan		(45)		818			773
Issuance of common stock in connection with stock option exercises		106					106
Issuance of common stock in connection with stock option exercises (shares)	19,861
Issuance of common stock in connection with equity incentive plan	$ 1	1,069		(1,070)
Issuance of common stock in connection with equity incentive plan (shares)	102,883
Cash dividends declared and paid on common stock					(5,274)		(5,274)
Ending balance, value at Dec. 31, 2019	$ 266	164,248	(4,574)	(1,124)	82,176	(8,968)	232,024
Ending balance, shares at Dec. 31, 2019	26,557,981
Comprehensive income (loss)					11,215	(2,311)	8,904
Common stock held by ESOP committed to be released		(26)	577				551
Forfeited equity incentive plan shares (30,193 shares)		(319)		319
Common stock repurchased	$ (14)	(10,665)					(10,679)
Common stock repurchased (in shares)	(1,416,362)
Share-based compensation - equity incentive plan				834			834
Issuance of common stock in connection with stock option exercises		43					43
Issuance of common stock in connection with stock option exercises (shares)	7,239
Issuance of common stock in connection with equity incentive plan	$ 1	1,268		(1,269)
Issuance of common stock in connection with equity incentive plan (shares)	127,335
Cash dividends declared and paid on common stock					(5,037)		(5,037)
Ending balance, value at Dec. 31, 2020	$ 253	$ 154,549	$ (3,997)	$ (1,240)	$ 88,354	$ (11,279)	$ 226,640
Ending balance, shares at Dec. 31, 2020	25,276,193

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Common stock held by ESOP committed to be released (shares)	85,101	88,117	90,978
Cash dividends declared and paid on common stock (per share)	$ 0.20	$ 0.20	$ 0.16
Forfeited equity incentive plan shares (in shares)	30,193

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES:
Net income	$ 11,215	$ 13,349	$ 16,408
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	7,775	2,675	1,900
Depreciation and amortization of premises and equipment	2,145	2,079	2,055
Net (accretion) amortization of purchase accounting adjustments	(946)	24	(1,094)
Amortization of core deposit intangible	375	376	375
Net amortization of premiums and discounts on securities and mortgage loans	2,540	2,371	2,417
Share-based compensation expense	834	773	845
ESOP expense	551	834	960
Change in unrealized (gain) loss on marketable equity securities	(109)	(165)	142
Net (gain) loss on sales of available-for-sale securities	(1,965)	97	281
Net gain on sales of other real estate owned			(48)
Loss on prepayment of borrowings	987
Deferred income tax benefit	(2,431)	(680)	(796)
Income from bank-owned life insurance	(1,809)	(1,799)	(1,825)
Gain on bank-owned life insurance death benefit			(715)
Net change in:
Accrued interest receivable	(3,164)	339	294
Other assets	5,182	(7,204)	1,628
Other liabilities	3,887	2,310	1,811
Net cash provided by operating activities	25,067	15,379	24,638
INVESTING ACTIVITIES:
Purchases	(158,979)	(74,508)	(16,896)
Proceeds from sales and redemptions	96,320	72,156	12,470
Proceeds from calls, maturities, and principal collections	84,774	35,386	25,060
Loan originations and principal payments, net	(151,474)	(80,074)	(66,263)
Redemption of Federal Home Loan Bank of Boston stock, net	9,317	218	858
Proceeds from sale of other real estate owned			203
Purchases of premises and equipment	(3,581)	(1,285)	(3,327)
Proceeds from sale of premises and equipment	66	27	100
Proceeds from payout on bank-owned life insurance			2,050
Net cash used in investing activities	(123,557)	(48,080)	(45,745)
FINANCING ACTIVITIES:
Net increase in deposits	360,313	81,946	90,189
Net decrease in short-term borrowings	(35,000)	(24,250)	(85,400)
Repayment of long-term debt	(207,524)	(84,763)	(69,578)
Proceeds from long-term debt	58,917	82,343	113,000
Cash dividends paid	(5,037)	(5,274)	(4,641)
Common stock repurchased	(10,519)	(19,455)	(22,920)
Issuance of common stock in connection with stock option exercises	43	106	114
Net cash provided by financing activities	161,193	30,653	20,764
NET CHANGE IN CASH AND CASH EQUIVALENTS:	62,703	(2,048)	(343)
Beginning of year	24,741	26,789	27,132
End of year	87,444	24,741	26,789
Supplemental cash flow information:
Net change in due to broker for common stock repurchased	$ 160	$ (221)	$ (83)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Basis of Presentation The Bank operates 25 Wholly-owned Subsidiaries of the Bank Principles of Consolidation Estimates Reclassifications Significant Group Concentrations of Credit Risk Cash and Cash Equivalents Securities and Mortgage-Backed Securities Realized gains and losses on sales of securities and mortgage-backed securities are computed using the specific identification method and are included in non-interest income on the trade date. The amortization of premiums and accretion of discounts is determined by using the level yield method to the maturity date. Derivatives Other-than-Temporary Impairment of Securities Fair Value Hierarchy Level 1: Level 2: Level 3: Federal Home Loan Bank of Boston Stock Loans Held for Sale Loans Receivable Allowance for Loan Losses The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components, as further described below. General component The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate (includes one-to-four family and home equity), commercial real estate, commercial and industrial, and consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: trends in delinquencies and non-performing loans; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; and national and local economic trends and industry conditions. Beginning in March 2020, the Bank added a new qualitative factor category to the allowance calculation – “Economic Impact of COVID-19”. The allocation of additional reserves for the COVID-19 qualitative factor during the year was based upon continued analysis of the loan portfolio that included identifying borrowers sensitive to the shutdown (i.e. accommodation and food service, recreation, construction, manufacturing, and wholesale & retail trade) as well as a general allocation for the negative economic outlook given the record number of unemployment benefits claims during the period. In addition, on an ongoing basis, the Company has continually evaluated the loan portfolio acquired on October 24, 2016 from Chicopee Bancorp, Inc. (“Chicopee”). The acquired portfolio was initially recorded at fair value without a related allowance for loan losses. Subsequent to acquisition, there have been no indications that there has been any subsequent deterioration to the acquired portfolio. Due to the ongoing impacts and extended nature of the pandemic, during the year ended December 31, 2020, the Company determined that it was prudent to provide an allowance for loan losses related to the acquired portfolio. Excluding the COVID-19 qualitative factor category and the allowance for the acquired loan portfolio, there were no additional changes in our policies or methodology pertaining to the general component of the allowance for loan losses during the periods presented for disclosure. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each loan portfolio segment are as follows: Commercial real estate loans Residential real estate loans 80 Commercial and industrial loans In addition, as a Preferred Lender with the Small Business Administration (“SBA”), the Company offered Paycheck Protection Program (“PPP”) loans through the March 27, 2020 $ 2.2 2.5 10.0 1.0 100 60 40 Consumer loans Allocated component The allocated component relates to loans that are classified as impaired. Impaired loans are identified by analysis of loan performance, internal credit ratings and watch list loans that management believes are subject to a higher risk of loss. Impairment is measured on a loan by loan basis for commercial real estate and commercial and industrial loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, we do not separately identify individual consumer and residential real estate loans for impairment disclosures, unless such loans are non-performing or subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The extent to which COVID-19 impacts our borrower’s ability to repay and therefore the classification of a loan as impaired is highly uncertain and cannot be predicted with confidence as it is highly dependent upon the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures. We may periodically agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). All TDRs are classified as impaired. While we use our best judgment and information available, the ultimate appropriateness of the allowance is dependent upon a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. Unallocated component An unallocated component may be maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. Loans Acquired with Deteriorated Credit Quality Bank-owned Life Insurance Transfers and Servicing of Financial Assets Premises and Equipment The estimated useful lives of the assets are as follows: Schedule of estimated useful lives of assets Years Buildings 39 Leasehold Improvements 5 20 Furniture and Equipment 3 7 The cost of maintenance and repairs is charged to expense when incurred. Major expenditures for betterments are capitalized and depreciated. Other Real Estate Owned Servicing Servicing fee income is recorded for fees earned for servicing loans, which is included in service charges and fee income. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. Impairment of Long-lived Assets Goodwill is measured as the excess of the cost of a business combination over the sum of the amounts assigned to identifiable intangible assets acquired less liabilities assumed. Goodwill is not amortized but rather assessed for impairment annually or more frequently if circumstances warrant. Management has the option of first assessing qualitative factors, such as events and circumstances, to determine whether it is more likely than not, meaning a likelihood of more than 50%, the value of a reporting unit is less than its carrying amount. If, after considering all relevant events and circumstances, management determines it is not more likely than not the fair value of a reporting unit is less than its carrying amount, then performing an impairment test is unnecessary. For the year ended December 31, 2020, management determined that it was not more likely than not the fair value of the reporting unit (the consolidated Company, in our case) was less than its carrying amount. If management had determined otherwise, a fair value analysis would have been completed to determine the impairment and necessary write-down of goodwill. Retirement Plans and Employee Benefits 50 6 Share-based Compensation Plans Employee Stock Ownership Plan Leases other liabilities Advertising Costs Income Taxes Earnings per Share Earnings per common share have been computed based on the following: Schedule of earrings per common share Years Ended December 31, 2020 2019 2018 (In thousands, except per share data) Net income applicable to common stock $ 11,215 $ 13,349 $ 16,408 Average number of common shares issued 25,751 26,959 29,734 Less: Average unallocated ESOP Shares (580 ) (667 ) (757 ) Less: Average unvested equity incentive plan shares (124 ) (107 ) (90 ) Average number of common shares outstanding used to calculate basic earnings per common share 25,047 26,185 28,887 Effect of dilutive equity incentive plan — 45 46 Effect of dilutive stock options 15 73 96 Average number of common shares outstanding used to calculate diluted earnings per common share 25,062 26,303 29,029 Basic earnings per share $ 0.45 $ 0.51 $ 0.57 Diluted earnings per share $ 0.45 $ 0.51 $ 0.57 Anti-dilutive shares (1) 259 — — (1) Shares outstanding but not included because the impact of these shares would be anti-dilutive to the earnings per share calculation for the periods presented. Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income (loss). The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows: Schedule of accumulated other comprehensive loss included in shareholders equity December 31, 2020 December 31, 2019 (In thousands) Net unrealized gains (losses) on securities available-for-sale $ 1,302 $ (393 ) Tax effect (339 ) 71 Net-of-tax amount 963 (322 ) Fair value of derivatives used for cash flow hedges — (1,773 ) Termination fee on cancelled cash flow hedges (684 ) (1,526 ) Total derivatives (684 ) (3,299 ) Tax effect 192 928 Net-of-tax amount (492 ) (2,371 ) Unrecognized actuarial loss on the defined benefit plan (16,344 ) (8,728 ) Tax effect 4,594 2,453 Net-of-tax amount (11,750 ) (6,275 ) Accumulated other comprehensive loss $ (11,279 ) $ (8,968 ) With regard to the defined benefit plan, an actuarial loss of $ 934,000 Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments—Credit Losses In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The amortized cost and fair values of available-for-sale investment securities at December 31, 2020 and 2019 are summarized as follows: December 31, 2020 Amortized Gross Gross Fair Value (In thousands) Available-for-sale securities: Debt securities: Government-sponsored enterprise obligations $ 14,871 $ 15 $ (111 ) $ 14,775 State and municipal bonds 405 1 — 406 Corporate bonds 3,039 36 — 3,075 Total debt securities 18,315 52 (111 ) 18,256 Mortgage-backed securities: Government-sponsored mortgage-backed securities 161,290 1,742 (303 ) 162,729 U.S. government guaranteed mortgage-backed securities 20,973 108 (186 ) 20,895 Total mortgage-backed securities 182,263 1,850 (489 ) 183,624 Total available-for-sale $ 200,578 $ 1,902 $ (600 ) $ 201,880 December 31, 2019 Amortized Gross Gross Fair Value (In thousands) Available-for-sale securities: Debt securities: Government-sponsored enterprise obligations $ 20,150 $ — $ (136 ) $ 20,014 State and municipal bonds 2,718 95 — 2,813 Corporate bonds 7,800 88 (22 ) 7,866 Total debt securities 30,668 183 (158 ) 30,693 Mortgage-backed securities: Government-sponsored mortgage-backed securities 186,236 780 (1,015 ) 186,001 U.S. government guaranteed mortgage-backed securities 11,197 33 (216 ) 11,014 Total mortgage-backed securities 197,433 813 (1,231 ) 197,015 Total available-for-sale $ 228,101 $ 996 $ (1,389 ) $ 227,708 At December 31, 2020, mortgage-backed securities with a fair value of $ 74.3 The amortized cost and fair value of available-for-sale debt securities at December 31, 2020, by final maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers have the right to call or prepay obligations. Also, because mortgage-backed securities require periodic principal pay downs, they are not included in the maturity categories in the following summary. December 31, 2020 Amortized Cost Fair Value (In thousands) Available-for-sale securities: Debt securities: Due after one year through five years $ 3,444 $ 3,481 Due after five years through ten years 9,891 9,884 Due after ten years 4,980 4,891 Total debt securities 18,315 18,256 Mortgage-backed securities 182,263 183,624 Total available-for-sale securities $ 200,578 $ 201,880 Gross realized gains and losses on sales of securities available-for-sale for the years ended December 31, 2020, 2019 and 2018 are as follows: Years Ended December 31, 2020 2019 2018 (In thousands) Gross gains realized $ 2,188 $ 160 $ — Gross losses realized (223 ) (257 ) (281 ) Net gain (loss) realized $ 1,965 $ (97 ) $ (281 ) Proceeds from the sale and redemption of securities available-for-sale totaled $ 96.3 72.2 12.5 Information pertaining to securities with gross unrealized losses at December 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous loss position are as follows: December 31, 2020 Less Than Twelve Months Over Twelve Months Number of Fair Value Gross Depreciation from Amortized Cost Basis (%) Number of Fair Value Gross Depreciation from Amortized (Dollars in thousands) Government-sponsored mortgage-backed securities 16 $ 27,091 $ 225 0.8 % 2 $ 1,815 $ 78 4.1 % U.S. government guaranteed mortgage-backed securities 3 10,458 75 0.7 2 2,393 111 4.4 Government-sponsored enterprise obligations 2 9,868 111 1.1 — — — — $ 47,417 $ 411 $ 4,208 $ 189 December 31, 2019 Less Than Twelve Months Over Twelve Months Number of Fair Value Gross Depreciation from Amortized Cost Basis (%) Number of Fair Value Gross Depreciation from Amortized (Dollars in thousands) Government-sponsored mortgage-backed securities 17 $ 42,834 $ 122 0.3 % 43 $ 70,581 $ 893 1.2 % U.S. government guaranteed mortgage-backed securities 2 2,783 13 0.5 4 4,688 203 4.2 Corporate bonds 1 1,623 16 1.0 1 3,046 6 0.2 Government-sponsored enterprise obligations 5 14,524 126 0.9 1 1,490 10 0.7 $ 61,764 $ 277 $ 79,805 $ 1,112 During the years ended December 31, 2020 and 2019, the Company did not record any other-than-temporary impairment (“OTTI”) charges on its investments. Management regularly reviews the portfolio for securities with unrealized losses. At December 31, 2020, management attributes the unrealized losses to increases in current market yields compared to the yields at the time the investments were purchased by the Company and not due to credit quality. The process for assessing investments for OTTI may vary depending on the type of security. In assessing the Company's investments in government-sponsored and U.S. government guaranteed mortgage-backed securities and government-sponsored enterprise obligations, the contractual cash flows of these investments are guaranteed by the respective government-sponsored enterprise; Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”), Federal Farm Credit Bank (“FFCB”), or Federal Home Loan Bank (“FHLB”). Accordingly, it is expected that the securities would not be settled at a price less than the par value of the Company's investments. Management's assessment of other debt securities within the portfolio includes reviews of market pricing, ongoing credit quality evaluations, assessment of the investments' materiality, and duration of the investments' unrealized loss position. A December 31, 2020, the Company's corporate and municipal bond portfolios did not contain any securities below investment grade, as reported by major credit rating agencies.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
LOANS	3. LOANS Major classifications of loans at the periods indicated were as follows: December 31, December 31, 2020 2019 (In thousands) Commercial real estate $ 833,949 $ 816,886 Residential real estate: Residential 1-4 family 604,719 597,727 Home equity 103,905 102,517 Commercial and industrial Paycheck protection program (“PPP”) loans 167,258 — Commercial and industrial 211,823 248,893 Consumer 5,192 5,747 Total gross loans 1,926,846 1,771,770 Unamortized PPP loan fees (3,050 ) — Unearned premiums and deferred loan fees and costs, net 3,587 4,264 Allowance for loan losses (21,157 ) (14,102 ) Net loans $ 1,906,226 $ 1,761,932 Loan Modifications/Troubled Debt Restructurings The banking regulatory agencies, through an Interagency Statement dated April 7, 2020, have encouraged financial institutions to work “prudently” with borrowers who request loan modifications or deferrals as a result of the economic impacts of COVID-19. Pursuant to Section 4013 of the CARES Act, loans less than 30 days past due as of December 31, 2019 will be considered current for COVID-19 modifications. Financial institutions can then suspend the requirements under U.S. GAAP for loan modifications related to COVID-19 that would otherwise be categorized as a TDR, and suspend any determination of a loan modified as a result of COVID-19 as being a TDR, including the requirement to determine impairment for accounting under U.S. GAAP. The Company has adopted this policy election to address COVID-19 loan modification requests that have been received from the earlier of either January 1, 2022 or the 60 th As a result of the COVID-19 pandemic, the Company granted deferred loan payments for impacted commercial, residential and consumer customers who experienced financial hardship due to COVID-19. The loan payment deferrals can be up to 90 days, depending upon the financial needs of each customer. Further deferrals will be re-evaluated on a customer-by-customer basis upon the expiration of the existing deferral period. As of June 30, 2020, the deferred loan payment modifications totaled $ 261 525 15 76.9 47 4.4 The table below breaks out the remaining modifications granted under the CARES Act at December 31, 2020: December 31, 2020 CARES Act Modifications Loan Segment (1)(2) Total Loan % of Total Modification # of Loans % of Balance ($ in millions) Commercial real estate $ 833.9 47.4 % $ 64.0 19 7.7 % Commercial and industrial 211.9 12.0 % 9.3 10 4.4 % Residential real estate 708.6 40.3 % 3.6 16 0.5 % Consumer 5.2 0.3 % 0.0 2 0.7 % Total $ 1,759.6 100.0 % $ 76.9 47 4.4 % The table below breaks out the status of the remaining modifications granted under the CARES Act as of December 31, 2020: Loans Under 1 st Loans Granted Subsequent Modification Total Remaining CARES Act Modifications Loan Segment (1)(2) Modification Balance # of Loans % of Balance Modification # of Loans % of Modification # of Loans % of ($ in millions) Commercial real estate $ 6.2 2 0.7 % $ 57.8 17 6.9 % $ 64.0 19 7.7 % Commercial and industrial 1.1 4 0.5 % 8.2 6 3.9 % 9.3 10 4.4 % Residential real estate 1.2 8 0.2 % 2.4 8 0.3 % 3.6 16 0.5 % Consumer 0.0 1 0.0 % 0.0 1 0.0 % 0.0 2 0.7 % Total $ 8.5 15 0.5 % $ 68.4 32 3.9 % $ 76.9 47 4.4 % (1) Excludes PPP loans and deferred fees (2) Residential includes home equity loans and lines of credit The following table provides some insight into the composition of the Bank's loan portfolio and remaining loan modifications, excluding PPP loans, as of December 31, 2020: Commercial Real Estate % of Total % of % of Apartment 9.2 % 66.5 % — Office 8.4 % 60.3 % — Industrial 6.8 % 49.1 % 2.5 % Retail/Shopping 6.4 % 46.1 % — Hotel 3.2 % 23.0 % 90.5 % Residential non-owner 2.6 % 19.0 % — Auto sales 2.1 % 14.8 % — Mixed-use 2.1 % 15.1 % — Adult care/Assisted living 2.0 % 14.7 % 20.9 % College/school 1.6 % 11.3 % 0.5 % Other 1.2 % 8.3 % 7.6 % Auto service 0.6 % 4.1 % — Gas station/convenience store 0.6 % 4.5 % — Restaurant 0.6 % 4.1 % 7.9 % Total commercial real estate loans 47.4 % 7.7 % Commercial and Industrial Loans % of Total % of % of Manufacturing 2.9 % 20.6 % 0.3 % Wholesale trade 2.0 % 14.2 % — Specialty trade 0.6 % 4.5 % — Heavy and civil engineering construction 0.8 % 5.5 % 2.4 % Educational services 0.6 % 4.4 % 0.5 % Transportation and warehouse 0.7 % 5.0 % 55.3 % Healthcare and social assistance 0.4 % 3.0 % 15.4 % Auto sales 0.4 % 3.0 % — All other C&I (3) 3.6 % 25.5 % 1.3 % Total commercial and industrial loans 12.0 % 4.4 % Residential and Consumer Loans % of Total % of % of Residential real estate 40.3 % 289.8 % 0.5 % Consumer 0.3 % 2.1 % — Total residential and consumer loans 40.6 % 0.5 % Total Portfolio % of Total % of % of Commercial real estate 47.4 % 341.0 % 7.7 % Commercial and industrial 12.0 % 86.7 % 4.4 % Residential real estate 40.3 % 289.8 % 0.5 % Consumer 0.3 % 2.1 % 0.7 % Total 4.4 % (1) Excludes PPP loans of $ 167.3 (2) Modified balances as of December 31, 2020 (Commercial real estate loans $ 64.0 9.3 3.6 (3) Other consists of multiple industries. Although the Bank's loan portfolio contains impacted sectors and the commercial real estate and residential real estate sectors represent more than 100% of the Bank's total risk-based capital, the concentration limits remain acceptable. The Company monitors lending exposure by industry classification to determine potential risk associated with industry concentrations, if any, that could lead to additional credit loss exposure. As stated above, as a result of the COVID-19 pandemic, the Company identified sectors that have been materially impacted including, but not limited to: hospitality, transportation, retail, and restaurants and food service. These sectors potentially carry a higher level of credit risk, as many of these borrowers have incurred a significant negative impact to their businesses resulting from the governmental stay-at-home orders as well as travel limitations. Loans Serviced for Others. The Company has transferred a portion of its originated commercial loans to participating lenders. The amounts transferred have been accounted for as sales and are therefore not included in our accompanying consolidated balance sheets. We continue to service the loans on behalf of the participating lenders. We share, on a pro-rated basis, with participating lenders any gains or losses that may result from a borrower’s lack of compliance with contractual terms of the loan. At December 31, 2020 and December 31, 2019, the Company was servicing commercial loans participated out to various other institutions totaling $ 52.9 24.2 Residential real estate mortgages are originated by the Bank both for its portfolio and for sale into the secondary market. The Bank may sell its loans to institutional investors such as the FHLMC. Under loan sale and servicing agreements with the investor, the Bank generally continues to service the residential real estate mortgages. The Bank pays the investor an agreed upon rate on the loan, which is less than the interest rate received from the borrower. The Bank retains the difference as a fee for servicing the residential real estate mortgages. The Bank capitalizes mortgage servicing rights at their fair value upon sale of the related loans, amortizes the asset over the estimated life of the serviced loan, and periodically assesses the asset for impairment. The significant assumptions used by a third party to estimate the fair value of capitalized servicing rights at December 31, 2020, include weighted average prepayment speed for the portfolio using the Public Securities Association Standard Prepayment Model ( 307 12.05 0.25 83.99 At December 31, 2020 and 2019, the Company was servicing residential mortgage loans owned by investors totaling $ 38.1 48.2 44,000 67,000 89,000 A summary of the activity in the balances of mortgage servicing rights follows: Years Ended December 31, 2020 2019 (In thousands) Balance at the beginning of year: $ 219 $ 286 Amortization (64 ) (67 ) Write-down of mortgage servicing asset to fair value (2 ) — Balance at the end of year $ 153 $ 219 Fair value at the end of year $ 157 $ 345 Allowance for Loan Losses. An analysis of changes in the allowance for loan losses by segment for the years ended December 31, 2020, 2019 and 2018 is as follows: Commercial Residential Commercial Consumer Unallocated Total (In thousands) Balance at December 31, 2017 $ 4,712 $ 3,311 $ 2,733 $ 71 $ 4 $ 10,831 Provision (credit) 214 863 660 179 (16 ) 1,900 Charge-offs (35 ) (645 ) (299 ) (171 ) — (1,150 ) Recoveries 369 27 20 56 — 472 Balance at December 31, 2018 $ 5,260 $ 3,556 $ 3,114 $ 135 $ (12 ) $ 12,053 Provision 1,343 618 509 204 1 2,675 Charge-offs (669 ) (320 ) (514 ) (197 ) — (1,700 ) Recoveries 873 66 74 61 — 1,074 Balance at December 31, 2019 $ 6,807 $ 3,920 $ 3,183 $ 203 $ (11 ) $ 14,102 Provision 6,262 408 939 129 37 7,775 Charge-offs (107 ) (177 ) (543 ) (136 ) — (963 ) Recoveries 58 89 51 45 — 243 Balance at December 31, 2020 $ 13,020 $ 4,240 $ 3,630 $ 241 $ 26 $ 21,157 The following table presents information pertaining to the allowance for loan losses by segment, excluding PPP loans, for the dates indicated: Commercial Residential Commercial Consumer Unallocated Total (In thousands) December 31, 2020 Amount of allowance for impaired loans $ — $ — $ — $ — $ — $ — Amount of allowance for non-impaired loans 13,020 4,240 3,630 241 26 21,157 Total allowance for loan losses $ 13,020 $ 4,240 $ 3,630 $ 241 $ 26 $ 21,157 Impaired loans $ 11,803 $ 4,363 $ 4,439 $ 27 $ — $ 20,632 Non-impaired loans 816,406 701,915 207,002 5,165 — 1,730,488 Impaired loans acquired with deteriorated credit quality 5,740 2,346 382 — — 8,468 Total loans $ 833,949 $ 708,624 $ 211,823 $ 5,192 $ — $ 1,759,588 Commercial Residential Commercial Consumer Unallocated Total (In thousands) December 31, 2019 Amount of allowance for impaired loans $ — $ — $ — $ — $ — $ — Amount of allowance for non-impaired loans 6,807 3,920 3,183 203 (11 ) 14,102 Total allowance for loan losses $ 6,807 $ 3,920 $ 3,183 $ 203 $ (11 ) $ 14,102 Impaired loans $ 3,457 $ 3,575 $ 588 $ 42 $ — $ 7,662 Non-impaired loans 805,007 694,080 247,499 5,705 — 1,752,291 Impaired loans acquired with deteriorated credit quality 8,422 2,589 806 — — 11,817 Total loans $ 816,886 $ 700,244 $ 248,893 $ 5,747 $ — $ 1,771,770 Past Due and Non-accrual loans. The following tables present an age analysis of past due loans, excluding PPP loans, as of the dates indicated: Balance at December 31, 2020 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Total Current Loans Total Loans Non-Accrual Loans (In thousands) Commercial real estate $ 5,844 $ 3,144 $ 1,256 $ 10,244 $ 823,705 $ 833,949 $ 1,632 Residential real estate: Residential 1,684 360 707 2,751 601,968 604,719 5,353 Home equity 25 — — 25 103,880 103,905 124 Commercial and industrial 166 158 156 480 211,343 211,823 705 Consumer 22 — — 22 5,170 5,192 27 Total loans $ 7,741 $ 3,662 $ 2,119 $ 13,522 $ 1,746,066 $ 1,759,588 $ 7,841 Balance at December 31, 2019 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Total Current Loans Total Loans Non-Accrual Loans (In thousands) Commercial real estate $ 2,784 $ 1,234 $ 2,637 $ 6,655 $ 810,231 $ 816,886 $ 3,843 Residential real estate: Residential 2,574 683 1,433 4,690 593,037 597,727 4,548 Home equity 80 38 149 267 102,250 102,517 445 Commercial and industrial 1,356 645 148 2,149 246,744 248,893 1,003 Consumer 24 — 17 41 5,706 5,747 42 Total loans $ 6,818 $ 2,600 $ 4,384 $ 13,802 $ 1,757,968 $ 1,771,770 $ 9,881 At December 31, 2020 and December 31, 2019, all loans past due 90 days or more were carried as non-accrual. The ratio of non-accrual loans to total loans, excluding PPP loans, was 0.45 0.56 Impaired Loans. The following is a summary of impaired loans by class: Year Ended At December 31, 2020 December 31, 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Impaired Loans (1) (In thousands) Commercial real estate $ 17,543 $ 18,590 $ — $ 18,284 $ 516 Residential real estate 6,544 7,647 — 5,815 66 Home equity 165 207 — 371 5 Commercial and industrial 4,821 7,038 — 4,186 217 Consumer 27 39 — 35 — Total impaired loans $ 29,100 $ 33,521 $ — $ 28,691 $ 804 Year Ended At December 31, 2019 December 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Impaired Loans: (1) (In thousands) Commercial real estate $ 11,879 $ 13,914 $ — $ 15,678 $ 595 Residential real estate 5,695 6,383 — 6,550 104 Home equity 469 539 — 415 — Commercial and industrial 1,394 4,192 — 3,359 131 Consumer 42 56 — 48 — Total impaired loans $ 19,479 $ 25,084 $ — $ 26,050 $ 830 (1) Includes loans acquired with deteriorated credit quality and performing troubled debt restructurings. The majority of impaired loans are included within the non-accrual balances; however, not every loan on non-accrual status has been designated as impaired. Impaired loans include loans that have been modified in a TDR. Impaired loans are individually evaluated and exclude large groups of smaller-balance homogeneous loans, such as residential mortgage loans and consumer loans, which are collectively evaluated for impairment, and loans that are measured at fair value, unless the loan is amended in a TDR. All payments received on impaired loans in non-accrual status are applied to principal. There was no interest income recognized on non-accrual impaired loans during the years ended December 31, 2020 and December 31, 2019. The Company's obligation to fulfill the additional funding commitments on impaired loans is generally contingent on the borrower's compliance with the terms of the credit agreement. If the borrower is not in compliance, additional funding commitments may or may not be made at the Company's discretion. As of December 31, 2020, we have not committed to lend any additional funds for loans that are classified as impaired. Payments received on impaired loans in accrual status are recorded in accordance with the contractual terms of the loan. Troubled Debt Restructurings. Loans are designated as a TDR when, as part of an agreement to modify the original contractual terms of the loan as a result of financial difficulties of the borrower, the Bank grants the borrower a concession on the terms, that would not otherwise be considered. Typically, such concessions may consist of a reduction in interest rate to a below market rate, taking into account the credit quality of the note, extension of additional credit based on receipt of adequate collateral, or a deferment or reduction of payments (principal or interest) which materially alters the Bank's position or significantly extends the note's maturity date, such that the present value of cash flows to be received is materially less than those contractually established at the loan's origination. All loans that are modified are reviewed by the Company to identify if a TDR has occurred. All TDR loans are classified as impaired. When we modify loans in a TDR, we measure impairment similar to other impaired loans based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, or use the current fair value of the collateral, less selling costs for collateral dependent loans. If we determine that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through a specific allowance or a charge-off to the allowance. Non-performing TDRs are included in non-performing loans. Loans modifications classified as TDRs during the twelve months ended December 31, 2020 and 2019 are included in the table below. Twelve Months Ended Twelve Months Ended December 31, 2020 December 31, 2019 Number of Contracts Pre-Modification Post-Modification Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Commercial Real Estate 5 $ 4,576 $ 4,576 2 $ 2,032 $ 2,032 Commercial and Industrial 9 3,806 3,806 2 383 383 Total 14 $ 8,382 $ 8,382 4 $ 2,415 $ 2,415 During the years ended December 31, 2020 and 2019, no no 715,000 Loans Acquired with Deteriorated Credit Quality. The following is a summary of loans acquired with evidence of credit deterioration from Chicopee Savings Bank (“Chicopee”) as of December 31, 2020. Contractual Cash Expected Non- Accretable Accretable Yield Loans Receivable (In thousands) Balance at December 31, 2019 $ 20,689 $ 15,909 $ 4,780 $ 4,092 $ 11,817 Collections (5,339 ) (3,762 ) (1,577 ) (446 ) (3,316 ) Dispositions (1,053 ) (662 ) (391 ) (629 ) (33 ) Balance at December 31, 2020 $ 14,297 $ 11,485 $ 2,812 $ 3,017 $ 8,468 Credit Quality Information. The Company utilizes an eight-grade internal loan rating system for commercial real estate and commercial and industrial loans. Performing residential real estate, home equity and consumer loans are grouped with “Pass” rated loans. Non-performing residential real estate, home equity and consumer loans are monitored individually for impairment and risk rated as “Substandard.” Loans rated 1 – 4 Loans rated 5 Loans rated 6 Loans rated 7 Loans rated 8 On an annual basis, or more often if needed, we formally review the ratings on all commercial real estate and commercial and industrial loans. In addition, management utilizes delinquency reports, the criticized report and other loan reports to monitor credit quality. In addition, at least on an annual basis, the Company contracts with an external loan review company to review the internal credit ratings assigned to loans in the commercial loan portfolio on a pre-determined schedule, based on the type, size, rating, and overall risk of the loan. During the course of their review, the third party examines a sample of loans, including new loans, existing relationships over certain dollar amounts and classified assets. The following table presents our loans by risk rating for the periods indicated: Commercial Real Estate Residential 1-4 family Home Equity Commercial and Industrial Consumer Total (In thousands) December 31, 2020 Pass (Rated 1 – 4) $ 726,751 $ 598,250 $ 103,619 $ 345,967 $ 5,165 $ 1,779,752 Special Mention (Rated 5) 78,207 — — 13,871 — 92,078 Substandard (Rated 6) 28,991 6,469 286 19,243 27 55,016 Total $ 833,949 $ 604,719 $ 103,905 $ 379,081 $ 5,192 $ 1,926,846 Commercial Real Estate Residential 1-4 family Home Equity Commercial and Industrial Consumer Total December 31, 2019 (In thousands) Pass (Rated 1 – 4) $ 766,124 $ 591,911 $ 101,908 $ 222,847 $ 5,705 $ 1,688,495 Special Mention (Rated 5) 23,138 — — 2,796 — 25,934 Substandard (Rated 6) 27,624 5,816 609 23,250 42 57,341 Total $ 816,886 $ 597,727 $ 102,517 $ 248,893 $ 5,747 $ 1,771,770

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	4. PREMISES AND EQUIPMENT Premises and equipment are summarized as follows: Schedule of premises and equipment December 31, 2020 2019 (In thousands) Land $ 5,661 $ 5,651 Buildings 25,091 24,454 Leasehold improvements 3,112 2,424 Furniture and equipment 19,901 17,720 Total 53,764 50,249 Less: accumulated depreciation and amortization (28,661 ) (26,486 ) Premises and equipment, net $ 25,103 $ 23,763 Depreciation and amortization expense amounted to $ 2.1

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	5. GOODWILL AND OTHER INTANGIBLES At December 31, 2020 and December 31, 2019, the Company’s goodwill was related to the acquisition of Chicopee in October 2016. There was no goodwill impairment recorded during the years ended December 31, 2020 and 2019. Annually, or more frequently if events or changes in circumstances warrant such evaluation, the Company evaluates its goodwill for impairment. Core Deposit Intangibles In connection with the acquisition of Chicopee, the Bank recorded a core deposit intangible of $ 4.5 twelve years 375,000 376,000 375,000 375,000 1.1

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2020
Deposits:
DEPOSITS	6. DEPOSITS Deposit accounts, by type, are summarized as follows for the periods indicated: Schedule of deposits accounts by type At December 31, 2020 2019 (In thousands) Demand and interest-bearing checking: Interest-bearing checking accounts $ 94,936 $ 70,182 Demand deposits 541,759 393,303 Savings: Regular accounts 170,309 126,352 Money market accounts 640,790 435,396 Time deposits 590,336 652,631 Total deposits $ 2,038,130 $ 1,677,864 Brokered deposits, which are included within time deposits, totaled $ 55.3 21.5 Time deposits of $250,000 or more totaled $ 179.4 2.8 3.5 The scheduled maturities of time deposits for the periods indicated are as follows: Schedule of maturities of time deposits Years Ended December 31, 2020 2019 (In thousands) 2020 $ — $ 548,559 2021 503,187 73,394 2022 68,920 18,382 2023 12,927 10,996 2024 3,203 1,300 2025 2,099 — Total time deposits $ 590,336 $ 652,631 Interest expense on deposits for the years ended December 31, 2020, 2019 and 2018 is summarized as follows: Schedule of interest expense on deposits Years Ended December 31, 2020 2019 2018 (In thousands) Regular accounts $ 136 $ 146 $ 162 Money market accounts 2,838 2,532 1,911 Time deposits 10,139 14,152 9,270 Interest-bearing checking accounts 387 377 340 Total $ 13,500 $ 17,207 $ 11,683 Cash paid for interest on deposits totaled $ 13.6 17.2 11.7

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS	7. SHORT-TERM BORROWINGS Total borrowing capacity includes borrowing arrangements at the FHLB, the Federal Reserve Bank (“FRB”), and borrowing arrangements with correspondent banks. The Company is a member of the FHLB and uses borrowings as an additional source of funding to finance the Company’s lending and investing activities and to provide liquidity for daily operations. FHLB advances also provide more pricing and option alternatives for particular asset/liability needs. The FHLB provides a central credit facility primarily for member institutions. As an FHLB member, the Company is required to own capital stock of the FHLB, calculated periodically based primarily on its level of borrowings from the FHLB. FHLB borrowings are secured by certain securities from the Company’s investment portfolio not otherwise pledged as well as certain residential real estate and commercial real estate loans. Advances are made under several different credit programs with different lending standards, interest rates and range of maturities. This relationship is an integral component of the Company’s asset-liability management program. At December 31, 2020, the Bank had $ 476.8 The Company also has an overnight Ideal Way line of credit with the FHLB for $ 9.5 The Company has an available line of credit of $ 16.1 The Company also has pre-established, non-collateralized overnight borrowing arrangements with large national and regional correspondent banks to provide additional overnight and short-term borrowing capacity for the Company. The Company has a $ 15 50

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
LONG-TERM DEBT	8. LONG-TERM DEBT FHLB Advances. The following advances are collateralized by a blanket lien on our residential real estate loans and certain eligible commercial real estate loans. Amount Weighted Average Rate 2020 2019 2020 2019 (In thousands) Fixed-rate advances maturing: 2020 $ — $ 127,983 — % 2.1 % 2021 42,388 51,084 1.5 2.3 2022 14,284 23,596 0.4 1.9 2023 532 628 — 0.2 2024 646 2,224 — 0.9 Total long-term advances $ 57,850 $ 205,515 1.2 % 2.1 % Cash paid for interest on long-term debt totaled $ 3.6 4.4 4.2

STOCK PLANS AND EMPLOYEE STOCK

STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN	9. STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN Stock Options. Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2019 218,214 $ 6.42 2.62 $ 695 Exercised (7,239 ) 5.81 0.12 7 Outstanding at December 31, 2020 210,975 $ 6.46 1.67 $ 90 Exercisable at December 31, 2020 210,975 $ 6.46 1.67 $ 90 Cash received for options exercised during the years ended December 31, 2020, 2019 and 2018 was $ 43,000 106,000 114,000 Restricted Stock Awards. In May 2014, the Company’s shareholders approved the 2014 Omnibus Incentive Plan, a stock-based compensation plan (the “RSA Plan”). Under the RSA Plan, up to 516,000 In January 2015, there were 48,560 five years On an annual basis, the Compensation Committee (the “Committee”) approves long-term incentive awards out of the RSA Plan, whereby shares will be granted to eligible participants of the Company that are nominated by the Chief Executive Officer and approved by the Committee, with vesting over a three-year one-year In May 2017, there were 89,042 89,042 55,159 21,276 one year 33,883 three-year 33,883 three-year 50 100 150 As a result of the Tax Cuts and Jobs Act of 2017, the return on equity performance metrics were adjusted to incorporate the impact and benefits of the corporate tax rate reductions thereunder. The original and adjusted threshold, target and maximum metrics for 2019 under the 2017 grants are as follows: Return on Equity December 31, 2019 Threshold Target Maximum Original 6.50 % 7.20 % 7.90 % Adjusted 7.09 % 7.85 % 8.61 % As of December 31, 2019, the three-year performance period for the 2017 grants ended. Performance-based shares were earned based on the Company achieving the annual 2017 performance metrics adjusted threshold, target or maximum metrics at the end of each year of the three-year performance period. Of the original 33,883 15,898 16,803 In January 2018, there were 83,812 83,812 50,852 17,908 one year 32,944 three-year 32,960 three-year The threshold, target and stretch metrics under the 2018 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2018 6.30 % 6.80 % 7.20 % December 31, 2019 6.85 % 7.35 % 7.75 % December 31, 2020 7.40 % 7.90 % 8.30 % Eligible participants will be able to earn between 50 100 150 In February 2019, there were 108,718 108,718 64,496 20,262 one year 44,234 three-year 44,222 three-year The threshold, target and stretch metrics under the 2019 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2019 5.75 % 6.13 % 7.00 % December 31, 2020 6.00 % 6.75 % 7.75 % December 31, 2021 6.25 % 7.00 % 8.00 % Eligible participants will be able to earn between 50 100 150 In February 2020, there were 120,053 120,053 69,898 19,760 one year 50,138 three-year 50,155 50 three-year The threshold, target and stretch metrics under the 2020 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2020 5.00 % 5.48 % 6.00 % December 31, 2021 5.62 % 6.24 % 6.86 % December 31, 2022 6.29 % 6.99 % 7.69 % Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $ 1.50 $ 1.65 $ 1.80 Eligible participants will be able to earn between 50 100 150 The fair market value of shares awarded is based on the market price at the grant date, recorded as unearned compensation and amortized over the applicable vesting period. Performance-based metrics are monitored on a quarterly basis in order to compare actual results to the performance metric, with any necessary adjustments being recognized through share-based compensation expense and unearned compensation. In December 2020, there were 25,927 A summary of the status of restricted stock awards at December 31, 2020 and 2019 is presented below: Shares Weighted Average Balance at December 31, 2019 172,866 $ 10.07 Shares granted 145,980 8.69 Shares forfeited (30,193 ) 9.96 Shares vested (109,955 ) 9.00 Balance at December 31, 2020 178,698 $ 9.63 Shares Weighted Average Balance at December 31, 2018 155,712 $ 9.87 Shares granted 108,718 9.77 Shares vested (89,722 ) 9.36 Shares forfeited (1,842 ) 9.77 Balance at December 31, 2019 172,866 $ 10.07 We recorded total expense for restricted stock awards of $ 834,000 773,000 845,000 844,000 (23,000) 21,000 24,000 966,000 1.6 Employee Stock Ownership Plan (“ESOP”). 21 1,000 8 1,305,359 In January 2007, as part of the second-step stock conversion, we provided an additional loan to the ESOP Trust which was used to purchase 4.0 736,000 18,400,000 8.0 At December 31, 2020, the remaining principal balances are payable as follows: Years Ending December 31, Amount (In thousands) 2021 $ 447 2022 447 2023 447 2024 447 2025 447 Thereafter 2,795 Total $ 5,030 We have committed to make contributions to the ESOP sufficient to support the debt service of the loans. The loans are secured by the shares purchased, which are held in a suspense account for allocation among the participants as the loans are paid. Total compensation expense applicable to the ESOP amounted to $ 551,000 834,000 960,000 Shares held by the ESOP include the following at December 31, 2020 and 2019: 2020 2019 Allocated 1,078,109 989,258 Committed to be allocated 85,101 88,117 Unallocated 526,906 612,007 Total 1,690,116 1,689,382 Cash dividends declared and received on allocated shares are allocated to participants and charged to retained earnings. Cash dividends declared and received on unallocated shares are held in suspense and are applied to repay the outstanding debt of the ESOP. The fair value of unallocated shares was $ 3.6 million 5.9 million

RETIREMENT PLANS AND EMPLOYEE B

RETIREMENT PLANS AND EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
RETIREMENT PLANS AND EMPLOYEE BENEFITS	10. RETIREMENT PLANS AND EMPLOYEE BENEFITS Pension Plan 1,000 The following table provides information for the Plan Years Ended December 31, 2020 2019 2018 (In thousands) Change in benefit obligation: Benefit obligation at beginning of year $ 36,158 $ 27,309 $ 29,345 Service cost 1,396 1,095 1,269 Interest 1,162 1,134 1,012 Actuarial loss (gain) 9,690 7,074 (3,887 ) Benefits paid (814 ) (454 ) (430 ) Benefit obligation at end of year 47,592 36,158 27,309 Change in plan assets: Fair value of plan assets at beginning of year 22,787 18,393 19,215 Actual return (loss) on plan assets 3,191 3,923 (1,192 ) Employer contribution 1,100 925 800 Benefits paid (814 ) (454 ) (430 ) Fair value of plan assets at end of year 26,264 22,787 18,393 Funded status and accrued benefit at end of year $ (21,328 ) $ (13,371 ) $ (8,916 ) Accumulated benefit obligation at end of year $ 35,755 $ 27,634 $ 21,449 The following actuarial assumptions were used in determining the pension benefit obligation December 31, 2020 2019 Discount rate 2.50 % 3.25 % Rate of compensation increase 4.00 4.00 Net pension cost includes the following components 2020 2019 2018 (In thousands) Service cost $ 1,396 $ 1,095 $ 1,269 Interest cost 1,162 1,134 1,012 Expected return on assets (1,526 ) (1,233 ) (1,387 ) Amortization of actuarial loss 421 133 170 Net periodic pension cost $ 1,453 $ 1,129 $ 1,064 The following actuarial assumptions were used in determining the net periodic pension cost 2020 2019 2018 Discount rate 3.25 % 4.25 % 3.60 % Expected return on plan assets 7.00 7.00 7.50 Rate of compensation increase 4.00 4.00 4.00 The following is a summary of the Plan’s investments 2020 2019 (In thousands) Pooled separate investment accounts: Fixed income $ 13,332 $ 11,033 Large U.S. equity 6,763 5,458 International equity 3,960 3,528 Small/mid U.S. equity 1,131 975 Balanced/asset allocation — 457 Other 1,078 1,336 Total $ 26,264 $ 22,787 Pooled separate accounts are valued at the Net Asset Value (“NAV”) of units held by the Plan at year end. The NAV is used as a practical expedient to estimate fair value. This practical expedient would not be used if it was determined to be probable that the funds will sell the underlying investments for an amount different from the reported NAV. Participant transactions (purchases and sales) may occur daily. The preceding method described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan administrators believes the valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. The following table summarizes the investments for which fair value is measured using NAV per share as a practical expedient for the years ended December 31, 2020 and 2019. Fair Value Unfunded Redemption Redemption Notice Period (In thousands) December 31, 2020 $ 26,264 n/a Daily 1 day December 31, 2019 $ 22,787 n/a Daily 1 day The defined benefit plan offers a mixture of fixed income, equity and real assets as the underlying investment structure for its retirement structure for the pension plan. The target allocation mix for the pension plan for 2019 was an equity-based investment deployment of 50 50 We estimate that the benefits to be paid from the pension plan Year Benefit Payments to Participants (In thousands) 2021 $ 1,620 2022 1,955 2023 2,180 2024 2,497 2025 5,481 In aggregate for 2026 – 2030 16,900 We have not yet determined the amount of the contribution we expect to make to the plan during the fiscal year ending December 31, 2021. 401(k) Defined Contribution Plan. The Company has a 401(k) defined contribution employee benefit plan. The 401(k) plan allows eligible employees to contribute a percentage of their earnings to the plan. A portion of the employee contribution, as determined by the Compensation Committee of the Board of Directors, is matched by the Company. In 2020, 2019 and 2018, the Company’s percentage match was 50 6 The Company’s expense for the 401(k) plan match was $ 468,000 423,000 398,000

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING ACTIVITIES	11. DERIVATIVES AND HEDGING ACTIVITIES Risk Management Objective of Using Derivatives. The Company is exposed to certain risks arising from both our business operations and economic conditions. We principally manage our exposures to a wide variety of business and operational risks through management of our core business activities. We manage economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of our assets and liabilities and the use of derivative financial instruments. Specifically, we entered into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our derivative financial instruments are used to manage differences in the amount, timing, and duration of our known or expected cash receipts and our known or expected cash payments principally related to certain variable rate loan assets and variable rate borrowings. The following table presents information about interest rate swaps at December 31, 2020 and December 31, 2019: December 31, 2020 Notional Weighted Average Weighted Average Rate Estimated Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Non-hedging derivatives: Loan-level swaps – dealer $ 13,554 12.5 1.97 % 3.74 % $ (1,440 ) Loan-level swaps – borrower 13,554 12.5 3.74 % 1.97 % 1,440 Forward starting loan-level swaps - dealer 22,390 11.5 114 Forward starting loan-level swaps - borrower 22,390 11.5 (114 ) Total $ 71,888 $ 0 December 31, 2019 Notional Weighted Average Weighted Average Rate Estimated Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Cash flow hedges: Interest rate swaps on FHLB borrowings $ 35,000 2.7 1.89 % 3.54 % $ (1,798 ) Non-hedging derivatives: Loan-level swaps – dealer 6,484 13.2 3.45 % 3.79 % (149 ) Loan-level swaps – borrower 6,484 13.2 3.79 % 3.45 % 149 Total $ 47,968 $ (1,798 ) At December 31, 2020, the Company had $ 71.9 13 35 Cash Flow Hedges of Interest Rate Risk. The Company’s objectives in using interest rate derivatives are to add stability to interest income and expense and to manage its exposure to interest rate movements. To accomplish this objective, we entered into interest rate swaps as part of our interest rate risk management strategy. These interest rate swaps are designated as cash flow hedges and involve the receipt of variable rate amounts from a counterparty in exchange for our making fixed payments. For derivatives designated as cash flow hedges, the changes in the fair value of the derivative is initially reported in other comprehensive income (outside of earnings), net of tax, and subsequently reclassified to earnings when the hedged transaction affects earnings. We are hedging our exposure to the variability in future cash flows for forecasted transactions over a maximum period of six years (excluding forecasted payment of variable interest on existing financial instruments). Non-hedging Derivatives. Derivatives not designated as hedges are not speculative but rather result from a service the Company provides to certain customers. The Company executes loan level derivative products such as interest-rate swap agreements with commercial banking customers to aid them in managing their interest-rate risk by converting floating-rate loan payments to fixed-rate loan payments. The Company concurrently enters into offsetting swaps with a third party financial institution, effectively minimizing its net risk exposure resulting from such transactions. The third-party financial institution exchanges the customer’s fixed-rate loan payments for floating-rate loan payments. As the interest-rate swap agreements associated with this program do not meet hedge accounting requirements, changes in the fair value are recognized directly in earnings. Fair Values of Derivative Instruments on the Balance Sheet. The table below presents the fair value of our derivative financial instruments designated as hedging instruments as well as our classification on the balance sheet as of December 31, 2020 and December 31, 2019. December 31, 2020 Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In thousands) Derivatives not designated as hedging instruments: Interest rate swap – with customers Other Assets $ 1,440 $ 114 Interest rate swap – with counterparties 114 Other Liabilities 1,440 Total derivatives not designated as hedging instruments $ 1,554 $ 1,554 December 31, 2019 Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In thousands) Derivatives designated as hedging instruments: Interest rate swaps – cash flow hedge Other Assets $ — Other Liabilities $ 1,798 Total derivatives designated as hedging instruments $ — $ 1,798 Derivatives not designated as hedging instruments: Interest rate swap – with customers Other Assets $ 149 $ — Interest rate swap – with counterparties — Other Liabilities 149 Total derivatives not designated as hedging instruments $ 149 $ 149 Effect of Derivative Instruments in the Consolidated Statements of Net Income and Changes in Shareholders’ Equity. The table below presents the pre-tax net gains (losses) of our cash flow hedges for the periods indicated: Amount of Gain (Loss) Recognized in OCI on Derivative Twelve Months Ended December 31, 2020 2019 2018 (In thousands) Interest rate swaps $ 1,099 $ (900 ) $ 442 Amounts reported in accumulated other comprehensive loss related to these derivatives are reclassified to interest expense as interest payments are made on our designated rate sensitive liabilities. The table below presents the amount reclassified from accumulated other comprehensive loss into net income for interest rate swaps and termination fees: Amount of Gain Reclassified from OCI into Expense (Effective Portion) Twelve Months Ended December 31, 2020 2019 2018 (In thousands) Interest rate swaps $ 1,516 $ 1,455 $ 1,520 During the next 12 months, we estimate that $ 569,000 Credit-risk-related Contingent Features By using derivative financial instruments, we expose ourselves to credit risk. Credit risk is the risk of failure by the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is positive, the counterparty owes us, which creates credit risk for us. When the fair value of a derivative is negative, we owe the counterparty and, therefore, it does not possess credit risk. The credit risk in derivative instruments is mitigated by entering into transactions with highly-rated counterparties that we believe to be creditworthy and by limiting the amount of exposure to each counterparty. We have agreements with our derivative counterparties that contain a provision where if we default on any of our indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then we could also be declared in default on our derivative obligations. We also have agreements with certain of our derivative counterparties that contain a provision where if we fail to maintain our status as well capitalized, then the counterparty could terminate the derivative positions and we would be required to settle our obligations under the agreements. Certain of our agreements with our derivative counterparties contain provisions where if a formal administrative action by a federal or state regulatory agency occurs that materially changes our creditworthiness in an adverse manner, we may be required to fully collateralize our obligations under the derivative instrument. At December 31, 2020 and December 31, 2019, we had a net liability position of $ 1.5 1.8 1.3

LEASES

LEASES	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
LEASES	12. LEASES The Company determines if an arrangement is a lease at inception. Effective in 2019, operating leases are included within other assets and other liabilities in our consolidated balance sheets. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. We have not elected the practical expedient to account for lease and non-lease components as one lease component. Additionally, the Company has elected the practical expedient whereby expired leases, existing operating lease classifications and initial direct costs will not be reassessed at inception. The Company has operating leases for certain of our banking offices and ATMs. Our leases have remaining lease terms of less than one year eighteen years five-year fifteen years The components of lease expense were as follows Twelve Months Ended December 31, 2020 2019 (In thousands) Amortization of ROU assets $ 1,191 $ 972 Interest on lease liabilities 269 244 Operating lease cost $ 1,460 $ 1,216 Supplemental cash flow information related to leases was as follows Twelve Months Ended December 31, 2020 2019 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,397 $ 1,172 ROU assets obtained in exchange for lease obligations: Operating leases 4,332 600 Supplemental balance sheet information related to leases was as follows December 31, 2020 December 31, 2019 (In thousands) Operating lease ROU assets $ 9,939 $ 6,795 Operating lease liabilities $ 10,047 $ 6,840 The weighted average remaining lease term for our operating leases was 10.7 2.82 Maturities of the Company’s operating lease liabilities were as follows Years Ending December 31, 2021 $ 1,482 2022 1,414 2023 1,172 2024 1,108 2025 1,024 Thereafter 5,629 Total lease payments 11,829 Less imputed interest (1,782 ) Total $ 10,047

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2020
Regulatory Capital
REGULATORY CAPITAL	13. REGULATORY CAPITAL The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on our consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to savings and loan holding companies. Federal banking regulations require the Company and the Bank to maintain minimum amounts and ratios of total, common equity Tier 1, Tier 1 and total capital to risk-weighted assets and Tier 1 capital to average assets, as set forth in the table below. Additionally, community banking institutions must maintain a capital conservation buffer of common equity Tier 1 capital in an amount greater than 2.5% of total risk-weighted assets to avoid being subject to limitations on capital distributions and discretionary bonuses. At December 31, 2020, we exceeded each of the applicable regulatory capital requirements including the capital conservation buffer. As of December 31, 2020, the most recent notification from the Office of Comptroller of the Currency categorized the Bank as “well-capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well-capitalized,” the Bank must maintain minimum total risk-based, Tier 1 risk-based, Common Equity Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since that notification that management believes would change our category. Our actual capital ratios of December 31, 2020 and December 31, 2019 are also presented in the following table Actual Minimum For Capital Adequacy Purpose Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2020 Total Capital (to Risk Weighted Assets): Consolidated $ 244,158 14.65 % $ 133,336 8.00 % N/A N/A Bank 231,531 13.91 133,149 8.00 $ 166,436 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated 223,320 13.40 100,002 6.00 N/A N/A Bank 210,722 12.66 99,862   6.00 133,149 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets): Consolidated 223,320 13.40 75,002 4.50 N/A N/A Bank 210,722 12.66 74,896 4.50 108,183 6.50 Tier 1 Leverage Ratio (to Adjusted Average Assets): Consolidated 223,320 9.34 95,606 4.00 N/A N/A Bank 210,722 8.83 95,409 4.00 119,261 5.00 December 31, 2019 Total Capital (to Risk Weighted Assets): Consolidated $ 240,226 13.93 % $ 137,934 8.00 % N/A N/A Bank 227,678 13.22 137,773 8.00 $ 172,217 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated 226,124 13.11 103,451 6.00 N/A N/A Bank 213,576 12.40 103,330 6.00 137,773 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets): Consolidated 226,124 13.11 77,588 4.50 N/A N/A Bank 213,576 12.40 77,498 4.50 111,941 6.50 Tier 1 Leverage Ratio (to Adjusted Average Assets): Consolidated 226,124 10.45 86,593 4.00 N/A N/A Bank 213,576 9.88 86,500 4.00 108,125 5.00 The following is a reconciliation of our GAAP capital to regulatory Tier 1, Common Equity Tier 1 and total capital December 31, 2020 2019 (In thousands) Consolidated GAAP capital $ 226,640 $ 232,024 Net unrealized (gains) losses on available-for-sale securities, net of tax (963 ) 322 Unrealized loss on defined benefit pension plan, net of tax 11,750 6,275 Accumulated net loss on cash flow hedges, net of tax 492 2,371 Goodwill (12,487 ) (12,487 ) Intangible assets, net of associated deferred tax liabilities (2,112 ) (2,381 ) Tier 1 and Common Equity Tier 1 capital 223,320 226,124 Allowance for loan losses 20,838 14,102 Total regulatory capital $ 244,158 $ 240,226 On January 29, 2019, the Board of Directors authorized an additional stock repurchase program (the “2019 Plan”) under which the Company may purchase up to 2,814,200 10 1.3 5 264,630 6.58 1,391,496 1,035,370 We are subject to dividend restrictions imposed by various regulators, including a limitation on the total of all dividends that the Bank may pay to the Company in any calendar year, to an amount that shall not exceed the Bank’s net income for the current year, plus its net income retained for the two previous years, without regulatory approval. At December 31, 2020 and 2019, the Bank had no retained earnings available for payment of dividends without prior regulatory approval. In addition, the Bank may not declare or pay dividends on, and we may not repurchase, any of our shares of common stock if the effect thereof would cause shareholders’ equity to be reduced below applicable regulatory capital maintenance requirements or if such declaration, payment or repurchase would otherwise violate regulatory requirements. The Bank will be prohibited from paying cash dividends to the Company to the extent that any such payment would reduce the Bank’s capital below required capital levels. Accordingly, $ 133.1 137.8

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	14. INCOME TAXES Income taxes consist of the following: Years Ended December 31, 2020 2019 2018 (In thousands) Current tax provision: Federal $ 3,793 $ 3,082 $ 3,910 State 1,579 1,450 1,586 Total 5,372 4,532 5,496 Deferred tax benefit: Federal (1,639 ) (348 ) (542 ) State (792 ) (332 ) (254 ) Total (2,431 ) (680 ) (796 ) Total $ 2,941 $ 3,852 $ 4,700 The differences between the statutory federal income tax and the effective tax are summarized below Years Ended December 31, 2020 2019 2018 (In thousands) Statutory federal income tax $ 2,973 $ 3,612 $ 4,433 Increase (decrease) resulting from: State taxes, net of federal tax benefit 622 883 1,052 Tax exempt income (337 ) (388 ) (370 ) Bank-owned life insurance (BOLI) (380 ) (378 ) (533 ) Option exercise tax shortfall (benefit) 1 (16 ) (11 ) Other, net 62 139 129 Effective tax $ 2,941 $ 3,852 $ 4,700 Cash paid for income taxes for the years ended December 31, 2020, 2019 and 2018 was $ 5.8 4.2 3.7 The tax effects of each item that gives rise to deferred taxes are as follows December 31, 2020 2019 (In thousands) Deferred tax assets: Allowance for loan losses $ 5,947 $ 3,964 Defined benefit plan 4,594 2,453 Lease liability 2,824 1,923 Employee benefit and share-based compensation plans 2,251 2,223 Non-accrual interest 224 348 Net unrealized loss on derivative and hedging activity 192 928 Net unrealized loss on securities available-for-sale — 71 Purchased mortgage servicing rights 191 242 Other 619 776 Gross deferred tax assets 16,842 12,928 Deferred tax liabilities: Lease right-of-use asset (2,794 ) (1,910 ) Fixed asset depreciation (502 ) (447 ) Purchase accounting adjustments, net (494 ) (283 ) Net unrealized gain on securities available-for-sale (339 ) - Deferred loan fees (121 ) (1,105 ) Other (4 ) (22 ) Gross deferred tax liabilities (4,254 ) (3,767 ) Net deferred tax asset $ 12,588 $ 9,161 The federal income tax reserve for loan losses at the Bank’s base year is $ 9.4 150 2.6 We do not have any uncertain tax positions at December 31, 2020 or 2019 which require accrual or disclosure. We record interest and penalties as part of income tax expense. No interest was recorded for the years ended December 31, 2020 and 2019, and no penalties were recorded for the years ended December 31, 2020, 2019 and 2018. Our income tax returns are subject to review and examination by federal and state tax authorities. We are currently open to audit under the applicable statutes of limitations by the Internal Revenue Service for the years ended December 31, 2017 through 2020. The years open to examination by state taxing authorities vary by jurisdiction; however, no years prior to 2017 are open.

TRANSACTIONS WITH DIRECTORS AND

TRANSACTIONS WITH DIRECTORS AND EXECUTIVE OFFICERS	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
TRANSACTIONS WITH DIRECTORS AND EXECUTIVE OFFICERS	15. TRANSACTIONS WITH DIRECTORS AND EXECUTIVE OFFICERS We have had, and expect to have in the future, loans with our directors and executive officers including their affiliates. Such loans, in our opinion, do not include more than the normal risk of collectability or other unfavorable features. Following is a summary of activity for such loan Years Ended December 31, 2020 2019 (In thousands) Balance at beginning of year $ 520 $ 955 Principal distributions 389 481 Repayments of principal (214 ) (620 ) Change in related party status — (296 ) Balance at end of year $ 695 $ 520

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	16. COMMITMENTS AND CONTINGENCIES In the normal course of business, various commitments and contingent liabilities are outstanding, such as standby letters of credit and commitments to extend credit with off-balance-sheet risk that are not reflected in the consolidated financial statements. Financial instruments with off-balance-sheet risk involve elements of credit, interest rate, liquidity and market risk. We do not anticipate any significant losses as a result of these transactions. The following summarizes these financial instruments and other commitments and contingent liabilities at their contract amounts: December 31, 2020 2019 (In thousands) Commitments to extend credit: Unused lines of credit $ 325,567 $ 264,224 Loan commitments 69,966 74,133 Existing construction loan agreements 44,088 32,037 Standby letters of credit 20,821 11,348 We use the same credit policies in making commitments and conditional obligations as for on balance sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some commitments expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. We evaluate each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by us upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Standby letters of credit are written conditional commitments issued by us that guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. At December 31, 2020, outstanding commitments to extend credit totaled $ 460.4 million 86.5 million 2.45 18.00 373.9 million 381.7 million 48.3 million 2.45 18.00 333.4 million We also have risk participation agreements (“RPAs”) with another financial institution. The RPAs are a guarantee to share credit risk associated with an interest rate swap on participation loans in the event of counterparty default. As such, we accept a portion of the credit risk in order to participate in the loans and we receive a one-time fee. The interest rate swap is collateralized (generally by real estate or business assets) by us and the third party, which limits the credit risk associated with the RPAs. Per the terms of the RPAs, we must pledge collateral equal to our exposure for the interest rate swap. We monitor overall collateral as part of our off-balance sheet liability analysis, and at December 31, 2020, believe sufficient collateral is available to cover potential swap losses. At December 31, 2020, we had no off-balance sheet exposure to RPAs. In the ordinary course of business, we are party to various legal proceedings, none of which, in our opinion, will have a material effect on our consolidated financial position or results of operations. Investment Commitments. The Bank is a limited partner in a Small Business Investment Company (“SBIC”) and committed to contribute capital of $ 3 2.4 million 600,000 Employment and change of control agreements. We have entered into employment and change of control agreements with certain senior officers. The initial term of the employment agreements is for three years subject to separate one-year extensions as approved by the Board of Directors at the end of each applicable fiscal year. Each employment agreement provides for minimum annual salaries, discretionary cash bonuses and other fringe benefits as well as severance benefits upon certain terminations of employment that are not for cause. The change of control agreements expire one year following a notice of non-extension and only provide for severance benefits upon certain terminations of employment that are not for cause and that are related to a change of control of the Company or the Bank.

FAIR VALUE OF ASSETS AND LIABLI

FAIR VALUE OF ASSETS AND LIABLITIES	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABLITIES	17. FAIR VALUE OF ASSETS AND LIABLITIES Determination of Fair Value. We use fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for our various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Methods and assumptions for valuing our financial instruments are set forth below. Estimated fair values are calculated based on the value without regard to any premium or discount that may result from concentrations of ownership of a financial instrument, possible tax ramifications or estimated transaction cost. Securities. Interest rate swaps. Assets and Liabilities Measured at Fair Value on a Recurring Basis. Assets and liabilities measured at fair value on a recurring basis are summarized below: December 31, 2020 Level 1 Level 2 Level 3 Total Assets: (In thousands) Securities available-for-sale $ — $ 201,880 $ — $ 201,880 Marketable equity securities 11,968 — — 11,968 Interest rate swaps — 1,554 — 1,554 Total assets $ 11,968 $ 203,434 $ — $ 215,402 Liabilities: Interest rate swaps $ — $ 1,554 $ — $ 1,554 December 31, 2019 Level 1 Level 2 Level 3 Total Assets: (In thousands) Securities available-for-sale $ — $ 227,708 $ — $ 227,708 Marketable equity securities 6,737 — — 6,737 Interest rate swaps — 149 — 149 Total assets $ 6,737 $ 227,857 $ — $ 234,594 Liabilities: Interest rate swaps $ — $ 1,947 $ — $ 1,947 There were no transfers to or from Level 1 and 2 for assets measured at fair value on a recurring basis during the years ended December 31, 2020 and 2019. Assets Measured at Fair Value on a Non-recurring Basis. We may also be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets. The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2020 and 2019. Year Ended At December 31, 2020 December 31, 2020 Total Level 1 Level 2 Level 3 Losses (In thousands) (In thousands) Impaired Loans $ — $ — $ 150 $ 13 Year Ended At December 31, 2019 December 31, 2019 Total Level 1 Level 2 Level 3 Losses (In thousands) (In thousands) Impaired Loans $ — $ — $ 1,836 $ 1,327 The amount of impaired loans represents the carrying value, and net of the related write-down or valuation allowance of impaired loans for which adjustments are based on the estimated fair value of the underlying collateral. The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on real estate appraisals performed by independent licensed or certified appraisers. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Management will discount appraisals as deemed necessary based on the date of the appraisal and new information deemed relevant to the valuation. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. The resulting losses were recognized in earnings through the provision for loan losses. There were no liabilities measured at fair value on a non-recurring basis at December 31, 2020 and 2019. Summary of Fair Values of Financial Instruments. The estimated fair values of our financial instruments are as follows: December 31, 2020 Carrying Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 87,444 $ 87,444 $ — $ — $ 87,444 Securities available-for-sale 201,880 — 201,880 — 201,880 Marketable equity securities 11,968 11,968 — — 11,968 Federal Home Loan Bank of Boston and other restricted stock 5,160 — — 5,160 5,160 Loans - net 1,906,226 — — 1,900,750 1,900,750 Accrued interest receivable 8,477 — — 8,477 8,477 Mortgage servicing rights 153 — 157 — 157 Derivative asset 1,554 — 1,554 — 1,554 Liabilities: Deposits 2,038,130 — — 2,040,293 2,040,293 Long-term debt 57,850 — 57,945 — 57,945 Accrued interest payable 124 — — 124 124 Derivative liabilities 1,554 — 1,554 — 1,554 December 31, 2019 Carrying Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 24,741 $ 24,741 $ — $ — $ 24,741 Securities available-for-sale 227,708 — 227,708 — 227,708 Marketable equity securities 6,737 6,737 — — 6,737 Federal Home Loan Bank of Boston and other restricted stock 14,477 — — 14,477 14,477 Loans - net 1,761,932 — — 1,729,150 1,729,150 Accrued interest receivable 5,313 — — 5,313 5,313 Mortgage servicing rights 219 — 345 — 345 Derivative asset 149 — 149 — 149 Liabilities: Deposits 1,677,864 — — 1,679,851 1,679,851 Short-term borrowings 35,000 — 35,004 — 35,004 Long-term debt 205,515 — 205,850 — 205,850 Accrued interest payable 525 — — 525 525 Derivative liabilities 1,947 — 1,947 — 1,947 Limitations

SEGMENT

SEGMENT	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
SEGMENT	18. SEGMENT The Company, through its bank subsidiary, provides a broad range of financial services to individuals and companies primarily in western Massachusetts and northern Connecticut. These services include commercial lending, residential lending and consumer lending, checking, savings and time deposits, cash management, and wealth management. Substantially all of the Company's revenues, profits, and assets are derived by the Bank from banking products and services. The Company did not have any reportable segments for the years ended December 31, 2020, 2019 or 2018.

CONDENSED PARENT COMPANY FINANC

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
CONDENSED PARENT COMPANY FINANCIAL STATEMENTS	19. CONDENSED PARENT COMPANY FINANCIAL STATEMENTS The condensed balance sheets of the parent company are as follows: December 31, 2020 2019 (In thousands) ASSETS: Cash equivalents $ 31 $ 158 Investment in subsidiaries 214,042 219,476 ESOP loan receivable 5,030 5,717 Other assets 13,002 12,650 TOTAL ASSETS 232,105 238,001 LIABILITIES: ESOP loan payable 5,030 5,717 Other liabilities 435 260 EQUITY 226,640 232,024 TOTAL LIABILITIES AND EQUITY $ 232,105 $ 238,001 The condensed statements of net income for the parent company are as follows: Years Ended December 31, 2020 2019 2018 (In thousands) INCOME: Dividends from subsidiaries $ 15,812 $ 25,063 $ 28,712 ESOP loan interest income 457 514 571 Other income 1 1 1 Total income 16,270 25,578 29,284 OPERATING EXPENSE: Salaries and employee benefits 1,420 1,647 1,837 ESOP interest 457 514 571 Other expenses 406 352 286 Total operating expense 2,283 2,513 2,694 Income before equity in undistributed income of subsidiaries and income taxes 13,987 23,065 26,590 Equity in undistributed loss of subsidiaries (3,123 ) (10,203 ) (10,717 ) Net income before taxes 10,864 12,862 15,873 Income tax benefit (351 ) (487 ) (535 ) Net income $ 11,215 $ 13,349 $ 16,408 The condensed statements of cash flows of the parent company are as follows: Years Ended December 31, 2020 2019 2018 (In thousands) OPERATING ACTIVITIES: Net income $ 11,215 $ 13,349 $ 16,408 Equity in undistributed loss of subsidiaries 3,123 10,203 10,717 Change in other liabilities (672 ) (668 ) (610 ) Change in other assets 335 216 (919 ) Other, net 1,385 1,607 1,805 Net cash provided by operating activities 15,386 24,707 27,401 INVESTING ACTIVITIES: Purchase of securities (122 ) (140 ) (127 ) Sales of securities 122 140 127 Net cash provided by investing activities — — — FINANCING ACTIVITIES: Cash dividends paid (5,037 ) (5,274 ) (4,641 ) Common stock repurchased (10,519 ) (19,455 ) (22,920 ) Issuance of common stock in connection with stock option exercises 43 106 114 Net cash used in financing activities (15,513 ) (24,623 ) (27,447 ) NET CHANGE IN CASH AND CASH EQUIVALENTS (127 ) 84 (46 ) CASH AND CASH EQUIVALENTS Beginning of year 158 74 120 End of year $ 31 $ 158 $ 74 Supplemental cash flow information: Net change in due to broker for common stock repurchased $ 160 $ (221 ) $ (83 )

SUMMARY OF QUARTERLY FINANCIAL

SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	20. SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED) The following tables present a summary of our quarterly financial information for the periods indicated. 2020 First Quarter Second Quarter Third Quarter Fourth Quarter (Dollars in thousands, except per share amounts) Interest and dividend income $ 20,390 $ 20,330 $ 20,447 $ 21,708 Interest expense (1) 5,837 5,238 4,457 2,913 Net interest and dividend income 14,553 15,092 15,990 18,795 Provision for loan losses 2,100 2,450 2,725 500 Gain on available-for-sale securities, net 23 13 1,929 — Unrealized gains (losses) on marketable equity securities, net 102 35 (4 ) (24 ) Swap fee income 185 — 397 72 Loss on interest rate swap termination — — (2,353 ) — Other non-interest income 2,215 2,039 2,208 2,414 Non-interest income 2,525 2,087 2,177 2,462 Non-interest expense (2) 12,314 12,245 12,853 14,338 Income before income taxes 2,664 2,484 2,589 6,419 Income tax provision 584 463 488 1,406 Net income $ 2,080 $ 2,021 $ 2,101 $ 5,013 Basic earnings per share $ 0.08 $ 0.08 $ 0.08 $ 0.20 Diluted earnings per share $ 0.08 $ 0.08 $ 0.08 $ 0.20 2019 First Quarter Second Quarter Third Quarter Fourth Quarter (Dollars in thousands, except per share amounts) Interest and dividend income $ 20,060 $ 20,215 $ 20,804 $ 21,037 Interest expense 5,734 6,014 6,276 6,113 Net interest and dividend income 14,326 14,201 14,528 14,924 Provision for loan losses 50 350 1,275 1,000 Gain (loss) on available-for-sale securities, net 35 (96 ) 49 (85 ) Unrealized gains (losses) on marketable equity securities, net 70 79 45 (29 ) Swap fee income 8 206 55 205 Other non-interest income 2,058 2,328 2,462 2,315 Non-interest income 2,171 2,517 2,611 2,406 Non-interest expense 12,023 12,140 11,740 11,905 Income before income taxes 4,424 4,228 4,124 4,425 Income tax provision 994 971 899 988 Net income $ 3,430 $ 3,257 $ 3,225 $ 3,437 Basic earnings per share $ 0.13 $ 0.13 $ 0.12 $ 0.13 Diluted earnings per share $ 0.13 $ 0.12 $ 0.12 $ 0.13 (1) The decrease in interest expense for the three months ended December 31, 2020 was due to a decrease of $ 933,000 611,000 (2) The increase in non-interest expense for the three months ended December 31, 2020 was primarily driven by a $ 987,000 50 (1) The decrease in interest expense for the three months ended December 31, 2020 was due to a decrease of $933,000 in interest expense on deposits and $611,000 in interest expense on FHLB borrowings, both resulting from repricing liabilities in the continued low-rate environment as well as the pay down of high-rate FHLB borrowings. (2) The increase in non-interest expense for the three months ended December 31, 2020 was primarily driven by a $987,000 expense resulting from the early extinguishment of $50.0 million in FHLB borrowings.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation The Bank operates 25
Wholly-owned Subsidiaries of the Bank	Wholly-owned Subsidiaries of the Bank
Principles of Consolidation	Principles of Consolidation
Estimates	Estimates
Reclassifications	Reclassifications
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk
Cash and Cash Equivalents	Cash and Cash Equivalents
Securities and Mortgage-Backed Securities	Securities and Mortgage-Backed Securities Realized gains and losses on sales of securities and mortgage-backed securities are computed using the specific identification method and are included in non-interest income on the trade date. The amortization of premiums and accretion of discounts is determined by using the level yield method to the maturity date.
Derivatives	Derivatives
Other-than-Temporary Impairment of Securities	Other-than-Temporary Impairment of Securities
Fair Value Hierarchy	Fair Value Hierarchy Level 1: Level 2: Level 3:
Federal Home Loan Bank of Boston Stock	Federal Home Loan Bank of Boston Stock
Loans Held for Sale	Loans Held for Sale
Loans Receivable	Loans Receivable
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components, as further described below. General component The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate (includes one-to-four family and home equity), commercial real estate, commercial and industrial, and consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: trends in delinquencies and non-performing loans; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; and national and local economic trends and industry conditions. Beginning in March 2020, the Bank added a new qualitative factor category to the allowance calculation – “Economic Impact of COVID-19”. The allocation of additional reserves for the COVID-19 qualitative factor during the year was based upon continued analysis of the loan portfolio that included identifying borrowers sensitive to the shutdown (i.e. accommodation and food service, recreation, construction, manufacturing, and wholesale & retail trade) as well as a general allocation for the negative economic outlook given the record number of unemployment benefits claims during the period. In addition, on an ongoing basis, the Company has continually evaluated the loan portfolio acquired on October 24, 2016 from Chicopee Bancorp, Inc. (“Chicopee”). The acquired portfolio was initially recorded at fair value without a related allowance for loan losses. Subsequent to acquisition, there have been no indications that there has been any subsequent deterioration to the acquired portfolio. Due to the ongoing impacts and extended nature of the pandemic, during the year ended December 31, 2020, the Company determined that it was prudent to provide an allowance for loan losses related to the acquired portfolio. Excluding the COVID-19 qualitative factor category and the allowance for the acquired loan portfolio, there were no additional changes in our policies or methodology pertaining to the general component of the allowance for loan losses during the periods presented for disclosure. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each loan portfolio segment are as follows: Commercial real estate loans Residential real estate loans 80 Commercial and industrial loans In addition, as a Preferred Lender with the Small Business Administration (“SBA”), the Company offered Paycheck Protection Program (“PPP”) loans through the March 27, 2020 $ 2.2 2.5 10.0 1.0 100 60 40 Consumer loans Allocated component The allocated component relates to loans that are classified as impaired. Impaired loans are identified by analysis of loan performance, internal credit ratings and watch list loans that management believes are subject to a higher risk of loss. Impairment is measured on a loan by loan basis for commercial real estate and commercial and industrial loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, we do not separately identify individual consumer and residential real estate loans for impairment disclosures, unless such loans are non-performing or subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The extent to which COVID-19 impacts our borrower’s ability to repay and therefore the classification of a loan as impaired is highly uncertain and cannot be predicted with confidence as it is highly dependent upon the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures. We may periodically agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). All TDRs are classified as impaired. While we use our best judgment and information available, the ultimate appropriateness of the allowance is dependent upon a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. Unallocated component An unallocated component may be maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.
Loans Acquired with Deteriorated Credit Quality	Loans Acquired with Deteriorated Credit Quality
Bank-owned Life Insurance	Bank-owned Life Insurance
Transfers and Servicing of Financial Assets	Transfers and Servicing of Financial Assets
Premises and Equipment	Premises and Equipment The estimated useful lives of the assets are as follows: Schedule of estimated useful lives of assets Years Buildings 39 Leasehold Improvements 5 20 Furniture and Equipment 3 7 The cost of maintenance and repairs is charged to expense when incurred. Major expenditures for betterments are capitalized and depreciated.
Other Real Estate Owned	Other Real Estate Owned
Servicing	Servicing Servicing fee income is recorded for fees earned for servicing loans, which is included in service charges and fee income. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned.
Impairment of Long-lived Assets	Impairment of Long-lived Assets Goodwill is measured as the excess of the cost of a business combination over the sum of the amounts assigned to identifiable intangible assets acquired less liabilities assumed. Goodwill is not amortized but rather assessed for impairment annually or more frequently if circumstances warrant. Management has the option of first assessing qualitative factors, such as events and circumstances, to determine whether it is more likely than not, meaning a likelihood of more than 50%, the value of a reporting unit is less than its carrying amount. If, after considering all relevant events and circumstances, management determines it is not more likely than not the fair value of a reporting unit is less than its carrying amount, then performing an impairment test is unnecessary. For the year ended December 31, 2020, management determined that it was not more likely than not the fair value of the reporting unit (the consolidated Company, in our case) was less than its carrying amount. If management had determined otherwise, a fair value analysis would have been completed to determine the impairment and necessary write-down of goodwill.
Retirement Plans and Employee Benefits	Retirement Plans and Employee Benefits 50 6
Share-based Compensation Plans	Share-based Compensation Plans
Employee Stock Ownership Plan	Employee Stock Ownership Plan
Leases	Leases other liabilities
Advertising Costs	Advertising Costs
Income Taxes	Income Taxes
Earnings per Share	Earnings per Share Earnings per common share have been computed based on the following: Schedule of earrings per common share Years Ended December 31, 2020 2019 2018 (In thousands, except per share data) Net income applicable to common stock $ 11,215 $ 13,349 $ 16,408 Average number of common shares issued 25,751 26,959 29,734 Less: Average unallocated ESOP Shares (580 ) (667 ) (757 ) Less: Average unvested equity incentive plan shares (124 ) (107 ) (90 ) Average number of common shares outstanding used to calculate basic earnings per common share 25,047 26,185 28,887 Effect of dilutive equity incentive plan — 45 46 Effect of dilutive stock options 15 73 96 Average number of common shares outstanding used to calculate diluted earnings per common share 25,062 26,303 29,029 Basic earnings per share $ 0.45 $ 0.51 $ 0.57 Diluted earnings per share $ 0.45 $ 0.51 $ 0.57 Anti-dilutive shares (1) 259 — — (1) Shares outstanding but not included because the impact of these shares would be anti-dilutive to the earnings per share calculation for the periods presented.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income (loss). The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows: Schedule of accumulated other comprehensive loss included in shareholders equity December 31, 2020 December 31, 2019 (In thousands) Net unrealized gains (losses) on securities available-for-sale $ 1,302 $ (393 ) Tax effect (339 ) 71 Net-of-tax amount 963 (322 ) Fair value of derivatives used for cash flow hedges — (1,773 ) Termination fee on cancelled cash flow hedges (684 ) (1,526 ) Total derivatives (684 ) (3,299 ) Tax effect 192 928 Net-of-tax amount (492 ) (2,371 ) Unrecognized actuarial loss on the defined benefit plan (16,344 ) (8,728 ) Tax effect 4,594 2,453 Net-of-tax amount (11,750 ) (6,275 ) Accumulated other comprehensive loss $ (11,279 ) $ (8,968 ) With regard to the defined benefit plan, an actuarial loss of $ 934,000
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments—Credit Losses In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of estimated useful lives of assets	The estimated useful lives of the assets are as follows: Schedule of estimated useful lives of assets Years Buildings 39 Leasehold Improvements 5 20 Furniture and Equipment 3 7
Schedule of earrings per common share	Earnings per common share have been computed based on the following: Schedule of earrings per common share Years Ended December 31, 2020 2019 2018 (In thousands, except per share data) Net income applicable to common stock $ 11,215 $ 13,349 $ 16,408 Average number of common shares issued 25,751 26,959 29,734 Less: Average unallocated ESOP Shares (580 ) (667 ) (757 ) Less: Average unvested equity incentive plan shares (124 ) (107 ) (90 ) Average number of common shares outstanding used to calculate basic earnings per common share 25,047 26,185 28,887 Effect of dilutive equity incentive plan — 45 46 Effect of dilutive stock options 15 73 96 Average number of common shares outstanding used to calculate diluted earnings per common share 25,062 26,303 29,029 Basic earnings per share $ 0.45 $ 0.51 $ 0.57 Diluted earnings per share $ 0.45 $ 0.51 $ 0.57 Anti-dilutive shares (1) 259 — — (1) Shares outstanding but not included because the impact of these shares would be anti-dilutive to the earnings per share calculation for the periods presented.
Schedule of accumulated other comprehensive loss included in shareholders equity	The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows: Schedule of accumulated other comprehensive loss included in shareholders equity December 31, 2020 December 31, 2019 (In thousands) Net unrealized gains (losses) on securities available-for-sale $ 1,302 $ (393 ) Tax effect (339 ) 71 Net-of-tax amount 963 (322 ) Fair value of derivatives used for cash flow hedges — (1,773 ) Termination fee on cancelled cash flow hedges (684 ) (1,526 ) Total derivatives (684 ) (3,299 ) Tax effect 192 928 Net-of-tax amount (492 ) (2,371 ) Unrecognized actuarial loss on the defined benefit plan (16,344 ) (8,728 ) Tax effect 4,594 2,453 Net-of-tax amount (11,750 ) (6,275 ) Accumulated other comprehensive loss $ (11,279 ) $ (8,968 )

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
The amortized cost and fair values of available-for-sale investment securities at December 31, 2020 and 2019 are summarized as follows:	The amortized cost and fair values of available-for-sale investment securities at December 31, 2020 and 2019 are summarized as follows: December 31, 2020 Amortized Gross Gross Fair Value (In thousands) Available-for-sale securities: Debt securities: Government-sponsored enterprise obligations $ 14,871 $ 15 $ (111 ) $ 14,775 State and municipal bonds 405 1 — 406 Corporate bonds 3,039 36 — 3,075 Total debt securities 18,315 52 (111 ) 18,256 Mortgage-backed securities: Government-sponsored mortgage-backed securities 161,290 1,742 (303 ) 162,729 U.S. government guaranteed mortgage-backed securities 20,973 108 (186 ) 20,895 Total mortgage-backed securities 182,263 1,850 (489 ) 183,624 Total available-for-sale $ 200,578 $ 1,902 $ (600 ) $ 201,880 December 31, 2019 Amortized Gross Gross Fair Value (In thousands) Available-for-sale securities: Debt securities: Government-sponsored enterprise obligations $ 20,150 $ — $ (136 ) $ 20,014 State and municipal bonds 2,718 95 — 2,813 Corporate bonds 7,800 88 (22 ) 7,866 Total debt securities 30,668 183 (158 ) 30,693 Mortgage-backed securities: Government-sponsored mortgage-backed securities 186,236 780 (1,015 ) 186,001 U.S. government guaranteed mortgage-backed securities 11,197 33 (216 ) 11,014 Total mortgage-backed securities 197,433 813 (1,231 ) 197,015 Total available-for-sale $ 228,101 $ 996 $ (1,389 ) $ 227,708
The amortized cost and fair value of available-for-sale debt securities at December 31, 2020, by final maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers have the right to call or prepay obligations. Also, because mortgage-backed securities require periodic principal pay downs, they are not included in the maturity categories in the following summary.	The amortized cost and fair value of available-for-sale debt securities at December 31, 2020, by final maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers have the right to call or prepay obligations. Also, because mortgage-backed securities require periodic principal pay downs, they are not included in the maturity categories in the following summary. December 31, 2020 Amortized Cost Fair Value (In thousands) Available-for-sale securities: Debt securities: Due after one year through five years $ 3,444 $ 3,481 Due after five years through ten years 9,891 9,884 Due after ten years 4,980 4,891 Total debt securities 18,315 18,256 Mortgage-backed securities 182,263 183,624 Total available-for-sale securities $ 200,578 $ 201,880
Gross realized gains and losses on sales of securities available-for-sale for the years ended December 31, 2020, 2019 and 2018 are as follows:	Gross realized gains and losses on sales of securities available-for-sale for the years ended December 31, 2020, 2019 and 2018 are as follows: Years Ended December 31, 2020 2019 2018 (In thousands) Gross gains realized $ 2,188 $ 160 $ — Gross losses realized (223 ) (257 ) (281 ) Net gain (loss) realized $ 1,965 $ (97 ) $ (281 )
Information pertaining to securities with gross unrealized losses at December 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous loss position are as follows:	Information pertaining to securities with gross unrealized losses at December 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous loss position are as follows: December 31, 2020 Less Than Twelve Months Over Twelve Months Number of Fair Value Gross Depreciation from Amortized Cost Basis (%) Number of Fair Value Gross Depreciation from Amortized (Dollars in thousands) Government-sponsored mortgage-backed securities 16 $ 27,091 $ 225 0.8 % 2 $ 1,815 $ 78 4.1 % U.S. government guaranteed mortgage-backed securities 3 10,458 75 0.7 2 2,393 111 4.4 Government-sponsored enterprise obligations 2 9,868 111 1.1 — — — — $ 47,417 $ 411 $ 4,208 $ 189 December 31, 2019 Less Than Twelve Months Over Twelve Months Number of Fair Value Gross Depreciation from Amortized Cost Basis (%) Number of Fair Value Gross Depreciation from Amortized (Dollars in thousands) Government-sponsored mortgage-backed securities 17 $ 42,834 $ 122 0.3 % 43 $ 70,581 $ 893 1.2 % U.S. government guaranteed mortgage-backed securities 2 2,783 13 0.5 4 4,688 203 4.2 Corporate bonds 1 1,623 16 1.0 1 3,046 6 0.2 Government-sponsored enterprise obligations 5 14,524 126 0.9 1 1,490 10 0.7 $ 61,764 $ 277 $ 79,805 $ 1,112

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Major classifications of loans at the periods indicated were as follows:	Major classifications of loans at the periods indicated were as follows: December 31, December 31, 2020 2019 (In thousands) Commercial real estate $ 833,949 $ 816,886 Residential real estate: Residential 1-4 family 604,719 597,727 Home equity 103,905 102,517 Commercial and industrial Paycheck protection program (“PPP”) loans 167,258 — Commercial and industrial 211,823 248,893 Consumer 5,192 5,747 Total gross loans 1,926,846 1,771,770 Unamortized PPP loan fees (3,050 ) — Unearned premiums and deferred loan fees and costs, net 3,587 4,264 Allowance for loan losses (21,157 ) (14,102 ) Net loans $ 1,906,226 $ 1,761,932
The table below breaks out the remaining modifications granted under the CARES Act at December 31, 2020:	The table below breaks out the remaining modifications granted under the CARES Act at December 31, 2020: December 31, 2020 CARES Act Modifications Loan Segment (1)(2) Total Loan % of Total Modification # of Loans % of Balance ($ in millions) Commercial real estate $ 833.9 47.4 % $ 64.0 19 7.7 % Commercial and industrial 211.9 12.0 % 9.3 10 4.4 % Residential real estate 708.6 40.3 % 3.6 16 0.5 % Consumer 5.2 0.3 % 0.0 2 0.7 % Total $ 1,759.6 100.0 % $ 76.9 47 4.4 % The table below breaks out the status of the remaining modifications granted under the CARES Act as of December 31, 2020: Loans Under 1 st Loans Granted Subsequent Modification Total Remaining CARES Act Modifications Loan Segment (1)(2) Modification Balance # of Loans % of Balance Modification # of Loans % of Modification # of Loans % of ($ in millions) Commercial real estate $ 6.2 2 0.7 % $ 57.8 17 6.9 % $ 64.0 19 7.7 % Commercial and industrial 1.1 4 0.5 % 8.2 6 3.9 % 9.3 10 4.4 % Residential real estate 1.2 8 0.2 % 2.4 8 0.3 % 3.6 16 0.5 % Consumer 0.0 1 0.0 % 0.0 1 0.0 % 0.0 2 0.7 % Total $ 8.5 15 0.5 % $ 68.4 32 3.9 % $ 76.9 47 4.4 % (1) Excludes PPP loans and deferred fees (2) Residential includes home equity loans and lines of credit
The following table provides some insight into the composition of the Bank's loan portfolio and remaining loan modifications, excluding PPP loans, as of December 31, 2020:	The following table provides some insight into the composition of the Bank's loan portfolio and remaining loan modifications, excluding PPP loans, as of December 31, 2020: Commercial Real Estate % of Total % of % of Apartment 9.2 % 66.5 % — Office 8.4 % 60.3 % — Industrial 6.8 % 49.1 % 2.5 % Retail/Shopping 6.4 % 46.1 % — Hotel 3.2 % 23.0 % 90.5 % Residential non-owner 2.6 % 19.0 % — Auto sales 2.1 % 14.8 % — Mixed-use 2.1 % 15.1 % — Adult care/Assisted living 2.0 % 14.7 % 20.9 % College/school 1.6 % 11.3 % 0.5 % Other 1.2 % 8.3 % 7.6 % Auto service 0.6 % 4.1 % — Gas station/convenience store 0.6 % 4.5 % — Restaurant 0.6 % 4.1 % 7.9 % Total commercial real estate loans 47.4 % 7.7 % Commercial and Industrial Loans % of Total % of % of Manufacturing 2.9 % 20.6 % 0.3 % Wholesale trade 2.0 % 14.2 % — Specialty trade 0.6 % 4.5 % — Heavy and civil engineering construction 0.8 % 5.5 % 2.4 % Educational services 0.6 % 4.4 % 0.5 % Transportation and warehouse 0.7 % 5.0 % 55.3 % Healthcare and social assistance 0.4 % 3.0 % 15.4 % Auto sales 0.4 % 3.0 % — All other C&I (3) 3.6 % 25.5 % 1.3 % Total commercial and industrial loans 12.0 % 4.4 % Residential and Consumer Loans % of Total % of % of Residential real estate 40.3 % 289.8 % 0.5 % Consumer 0.3 % 2.1 % — Total residential and consumer loans 40.6 % 0.5 % Total Portfolio % of Total % of % of Commercial real estate 47.4 % 341.0 % 7.7 % Commercial and industrial 12.0 % 86.7 % 4.4 % Residential real estate 40.3 % 289.8 % 0.5 % Consumer 0.3 % 2.1 % 0.7 % Total 4.4 % (1) Excludes PPP loans of $ 167.3 (2) Modified balances as of December 31, 2020 (Commercial real estate loans $ 64.0 9.3 3.6 (3) Other consists of multiple industries.
A summary of the activity in the balances of mortgage servicing rights follows:	A summary of the activity in the balances of mortgage servicing rights follows: Years Ended December 31, 2020 2019 (In thousands) Balance at the beginning of year: $ 219 $ 286 Amortization (64 ) (67 ) Write-down of mortgage servicing asset to fair value (2 ) — Balance at the end of year $ 153 $ 219 Fair value at the end of year $ 157 $ 345
An analysis of changes in the allowance for loan losses by segment for the years ended December 31, 2020, 2019 and 2018 is as follows:	An analysis of changes in the allowance for loan losses by segment for the years ended December 31, 2020, 2019 and 2018 is as follows: Commercial Residential Commercial Consumer Unallocated Total (In thousands) Balance at December 31, 2017 $ 4,712 $ 3,311 $ 2,733 $ 71 $ 4 $ 10,831 Provision (credit) 214 863 660 179 (16 ) 1,900 Charge-offs (35 ) (645 ) (299 ) (171 ) — (1,150 ) Recoveries 369 27 20 56 — 472 Balance at December 31, 2018 $ 5,260 $ 3,556 $ 3,114 $ 135 $ (12 ) $ 12,053 Provision 1,343 618 509 204 1 2,675 Charge-offs (669 ) (320 ) (514 ) (197 ) — (1,700 ) Recoveries 873 66 74 61 — 1,074 Balance at December 31, 2019 $ 6,807 $ 3,920 $ 3,183 $ 203 $ (11 ) $ 14,102 Provision 6,262 408 939 129 37 7,775 Charge-offs (107 ) (177 ) (543 ) (136 ) — (963 ) Recoveries 58 89 51 45 — 243 Balance at December 31, 2020 $ 13,020 $ 4,240 $ 3,630 $ 241 $ 26 $ 21,157
The following table presents information pertaining to the allowance for loan losses by segment, excluding PPP loans, for the dates indicated:	The following table presents information pertaining to the allowance for loan losses by segment, excluding PPP loans, for the dates indicated: Commercial Residential Commercial Consumer Unallocated Total (In thousands) December 31, 2020 Amount of allowance for impaired loans $ — $ — $ — $ — $ — $ — Amount of allowance for non-impaired loans 13,020 4,240 3,630 241 26 21,157 Total allowance for loan losses $ 13,020 $ 4,240 $ 3,630 $ 241 $ 26 $ 21,157 Impaired loans $ 11,803 $ 4,363 $ 4,439 $ 27 $ — $ 20,632 Non-impaired loans 816,406 701,915 207,002 5,165 — 1,730,488 Impaired loans acquired with deteriorated credit quality 5,740 2,346 382 — — 8,468 Total loans $ 833,949 $ 708,624 $ 211,823 $ 5,192 $ — $ 1,759,588 Commercial Residential Commercial Consumer Unallocated Total (In thousands) December 31, 2019 Amount of allowance for impaired loans $ — $ — $ — $ — $ — $ — Amount of allowance for non-impaired loans 6,807 3,920 3,183 203 (11 ) 14,102 Total allowance for loan losses $ 6,807 $ 3,920 $ 3,183 $ 203 $ (11 ) $ 14,102 Impaired loans $ 3,457 $ 3,575 $ 588 $ 42 $ — $ 7,662 Non-impaired loans 805,007 694,080 247,499 5,705 — 1,752,291 Impaired loans acquired with deteriorated credit quality 8,422 2,589 806 — — 11,817 Total loans $ 816,886 $ 700,244 $ 248,893 $ 5,747 $ — $ 1,771,770
The following tables present an age analysis of past due loans, excluding PPP loans, as of the dates indicated:	The following tables present an age analysis of past due loans, excluding PPP loans, as of the dates indicated: Balance at December 31, 2020 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Total Current Loans Total Loans Non-Accrual Loans (In thousands) Commercial real estate $ 5,844 $ 3,144 $ 1,256 $ 10,244 $ 823,705 $ 833,949 $ 1,632 Residential real estate: Residential 1,684 360 707 2,751 601,968 604,719 5,353 Home equity 25 — — 25 103,880 103,905 124 Commercial and industrial 166 158 156 480 211,343 211,823 705 Consumer 22 — — 22 5,170 5,192 27 Total loans $ 7,741 $ 3,662 $ 2,119 $ 13,522 $ 1,746,066 $ 1,759,588 $ 7,841 Balance at December 31, 2019 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Total Current Loans Total Loans Non-Accrual Loans (In thousands) Commercial real estate $ 2,784 $ 1,234 $ 2,637 $ 6,655 $ 810,231 $ 816,886 $ 3,843 Residential real estate: Residential 2,574 683 1,433 4,690 593,037 597,727 4,548 Home equity 80 38 149 267 102,250 102,517 445 Commercial and industrial 1,356 645 148 2,149 246,744 248,893 1,003 Consumer 24 — 17 41 5,706 5,747 42 Total loans $ 6,818 $ 2,600 $ 4,384 $ 13,802 $ 1,757,968 $ 1,771,770 $ 9,881
The following is a summary of impaired loans by class:	The following is a summary of impaired loans by class: Year Ended At December 31, 2020 December 31, 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Impaired Loans (1) (In thousands) Commercial real estate $ 17,543 $ 18,590 $ — $ 18,284 $ 516 Residential real estate 6,544 7,647 — 5,815 66 Home equity 165 207 — 371 5 Commercial and industrial 4,821 7,038 — 4,186 217 Consumer 27 39 — 35 — Total impaired loans $ 29,100 $ 33,521 $ — $ 28,691 $ 804 Year Ended At December 31, 2019 December 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Impaired Loans: (1) (In thousands) Commercial real estate $ 11,879 $ 13,914 $ — $ 15,678 $ 595 Residential real estate 5,695 6,383 — 6,550 104 Home equity 469 539 — 415 — Commercial and industrial 1,394 4,192 — 3,359 131 Consumer 42 56 — 48 — Total impaired loans $ 19,479 $ 25,084 $ — $ 26,050 $ 830 (1) Includes loans acquired with deteriorated credit quality and performing troubled debt restructurings.
Loans modifications classified as TDRs during the twelve months ended December 31, 2020 and 2019 are included in the table below.	Loans modifications classified as TDRs during the twelve months ended December 31, 2020 and 2019 are included in the table below. Twelve Months Ended Twelve Months Ended December 31, 2020 December 31, 2019 Number of Contracts Pre-Modification Post-Modification Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Commercial Real Estate 5 $ 4,576 $ 4,576 2 $ 2,032 $ 2,032 Commercial and Industrial 9 3,806 3,806 2 383 383 Total 14 $ 8,382 $ 8,382 4 $ 2,415 $ 2,415
The following is a summary of loans acquired with evidence of credit deterioration from Chicopee Savings Bank (“Chicopee”) as of December 31, 2020.	The following is a summary of loans acquired with evidence of credit deterioration from Chicopee Savings Bank (“Chicopee”) as of December 31, 2020. Contractual Cash Expected Non- Accretable Accretable Yield Loans Receivable (In thousands) Balance at December 31, 2019 $ 20,689 $ 15,909 $ 4,780 $ 4,092 $ 11,817 Collections (5,339 ) (3,762 ) (1,577 ) (446 ) (3,316 ) Dispositions (1,053 ) (662 ) (391 ) (629 ) (33 ) Balance at December 31, 2020 $ 14,297 $ 11,485 $ 2,812 $ 3,017 $ 8,468
The following table presents our loans by risk rating for the periods indicated:	The following table presents our loans by risk rating for the periods indicated: Commercial Real Estate Residential 1-4 family Home Equity Commercial and Industrial Consumer Total (In thousands) December 31, 2020 Pass (Rated 1 – 4) $ 726,751 $ 598,250 $ 103,619 $ 345,967 $ 5,165 $ 1,779,752 Special Mention (Rated 5) 78,207 — — 13,871 — 92,078 Substandard (Rated 6) 28,991 6,469 286 19,243 27 55,016 Total $ 833,949 $ 604,719 $ 103,905 $ 379,081 $ 5,192 $ 1,926,846 Commercial Real Estate Residential 1-4 family Home Equity Commercial and Industrial Consumer Total December 31, 2019 (In thousands) Pass (Rated 1 – 4) $ 766,124 $ 591,911 $ 101,908 $ 222,847 $ 5,705 $ 1,688,495 Special Mention (Rated 5) 23,138 — — 2,796 — 25,934 Substandard (Rated 6) 27,624 5,816 609 23,250 42 57,341 Total $ 816,886 $ 597,727 $ 102,517 $ 248,893 $ 5,747 $ 1,771,770

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	Premises and equipment are summarized as follows: Schedule of premises and equipment December 31, 2020 2019 (In thousands) Land $ 5,661 $ 5,651 Buildings 25,091 24,454 Leasehold improvements 3,112 2,424 Furniture and equipment 19,901 17,720 Total 53,764 50,249 Less: accumulated depreciation and amortization (28,661 ) (26,486 ) Premises and equipment, net $ 25,103 $ 23,763

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2020
Deposits:
Schedule of deposits accounts by type	Deposit accounts, by type, are summarized as follows for the periods indicated: Schedule of deposits accounts by type At December 31, 2020 2019 (In thousands) Demand and interest-bearing checking: Interest-bearing checking accounts $ 94,936 $ 70,182 Demand deposits 541,759 393,303 Savings: Regular accounts 170,309 126,352 Money market accounts 640,790 435,396 Time deposits 590,336 652,631 Total deposits $ 2,038,130 $ 1,677,864
Schedule of maturities of time deposits	The scheduled maturities of time deposits for the periods indicated are as follows: Schedule of maturities of time deposits Years Ended December 31, 2020 2019 (In thousands) 2020 $ — $ 548,559 2021 503,187 73,394 2022 68,920 18,382 2023 12,927 10,996 2024 3,203 1,300 2025 2,099 — Total time deposits $ 590,336 $ 652,631
Schedule of interest expense on deposits	Interest expense on deposits for the years ended December 31, 2020, 2019 and 2018 is summarized as follows: Schedule of interest expense on deposits Years Ended December 31, 2020 2019 2018 (In thousands) Regular accounts $ 136 $ 146 $ 162 Money market accounts 2,838 2,532 1,911 Time deposits 10,139 14,152 9,270 Interest-bearing checking accounts 387 377 340 Total $ 13,500 $ 17,207 $ 11,683

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
The following advances are collateralized by a blanket lien on our residential real estate loans and certain eligible commercial real estate loans.	The following advances are collateralized by a blanket lien on our residential real estate loans and certain eligible commercial real estate loans. Amount Weighted Average Rate 2020 2019 2020 2019 (In thousands) Fixed-rate advances maturing: 2020 $ — $ 127,983 — % 2.1 % 2021 42,388 51,084 1.5 2.3 2022 14,284 23,596 0.4 1.9 2023 532 628 — 0.2 2024 646 2,224 — 0.9 Total long-term advances $ 57,850 $ 205,515 1.2 % 2.1 %

STOCK PLANS AND EMPLOYEE STOC_2

STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock Options. A summary of the status of our stock options at December 31, 2020 is presented below:	Stock Options. Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2019 218,214 $ 6.42 2.62 $ 695 Exercised (7,239 ) 5.81 0.12 7 Outstanding at December 31, 2020 210,975 $ 6.46 1.67 $ 90 Exercisable at December 31, 2020 210,975 $ 6.46 1.67 $ 90
The original and adjusted threshold, target and maximum metrics for 2019 under the 2017 grants are as follows:	As a result of the Tax Cuts and Jobs Act of 2017, the return on equity performance metrics were adjusted to incorporate the impact and benefits of the corporate tax rate reductions thereunder. The original and adjusted threshold, target and maximum metrics for 2019 under the 2017 grants are as follows: Return on Equity December 31, 2019 Threshold Target Maximum Original 6.50 % 7.20 % 7.90 % Adjusted 7.09 % 7.85 % 8.61 % As of December 31, 2019, the three-year performance period for the 2017 grants ended. Performance-based shares were earned based on the Company achieving the annual 2017 performance metrics adjusted threshold, target or maximum metrics at the end of each year of the three-year performance period. Of the original 33,883 15,898 16,803 In January 2018, there were 83,812 83,812 50,852 17,908 one year 32,944 three-year 32,960 three-year The threshold, target and stretch metrics under the 2018 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2018 6.30 % 6.80 % 7.20 % December 31, 2019 6.85 % 7.35 % 7.75 % December 31, 2020 7.40 % 7.90 % 8.30 % Eligible participants will be able to earn between 50 100 150 In February 2019, there were 108,718 108,718 64,496 20,262 one year 44,234 three-year 44,222 three-year The threshold, target and stretch metrics under the 2019 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2019 5.75 % 6.13 % 7.00 % December 31, 2020 6.00 % 6.75 % 7.75 % December 31, 2021 6.25 % 7.00 % 8.00 % Eligible participants will be able to earn between 50 100 150 In February 2020, there were 120,053 120,053 69,898 19,760 one year 50,138 three-year 50,155 50 three-year The threshold, target and stretch metrics under the 2020 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2020 5.00 % 5.48 % 6.00 % December 31, 2021 5.62 % 6.24 % 6.86 % December 31, 2022 6.29 % 6.99 % 7.69 % Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $ 1.50 $ 1.65 $ 1.80
A summary of the status of restricted stock awards at December 31, 2020 and 2019 is presented below:	A summary of the status of restricted stock awards at December 31, 2020 and 2019 is presented below: Shares Weighted Average Balance at December 31, 2019 172,866 $ 10.07 Shares granted 145,980 8.69 Shares forfeited (30,193 ) 9.96 Shares vested (109,955 ) 9.00 Balance at December 31, 2020 178,698 $ 9.63 Shares Weighted Average Balance at December 31, 2018 155,712 $ 9.87 Shares granted 108,718 9.77 Shares vested (89,722 ) 9.36 Shares forfeited (1,842 ) 9.77 Balance at December 31, 2019 172,866 $ 10.07
At December 31, 2020, the remaining principal balances are payable as follows:	At December 31, 2020, the remaining principal balances are payable as follows: Years Ending December 31, Amount (In thousands) 2021 $ 447 2022 447 2023 447 2024 447 2025 447 Thereafter 2,795 Total $ 5,030
Shares held by the ESOP include the following at December 31, 2020 and 2019:	Shares held by the ESOP include the following at December 31, 2020 and 2019: 2020 2019 Allocated 1,078,109 989,258 Committed to be allocated 85,101 88,117 Unallocated 526,906 612,007 Total 1,690,116 1,689,382

RETIREMENT PLANS AND EMPLOYEE_2

RETIREMENT PLANS AND EMPLOYEE BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
The following table provides information for the Plan	The following table provides information for the Plan Years Ended December 31, 2020 2019 2018 (In thousands) Change in benefit obligation: Benefit obligation at beginning of year $ 36,158 $ 27,309 $ 29,345 Service cost 1,396 1,095 1,269 Interest 1,162 1,134 1,012 Actuarial loss (gain) 9,690 7,074 (3,887 ) Benefits paid (814 ) (454 ) (430 ) Benefit obligation at end of year 47,592 36,158 27,309 Change in plan assets: Fair value of plan assets at beginning of year 22,787 18,393 19,215 Actual return (loss) on plan assets 3,191 3,923 (1,192 ) Employer contribution 1,100 925 800 Benefits paid (814 ) (454 ) (430 ) Fair value of plan assets at end of year 26,264 22,787 18,393 Funded status and accrued benefit at end of year $ (21,328 ) $ (13,371 ) $ (8,916 ) Accumulated benefit obligation at end of year $ 35,755 $ 27,634 $ 21,449
The following actuarial assumptions were used in determining the pension benefit obligation	The following actuarial assumptions were used in determining the pension benefit obligation December 31, 2020 2019 Discount rate 2.50 % 3.25 % Rate of compensation increase 4.00 4.00
Net pension cost includes the following components	Net pension cost includes the following components 2020 2019 2018 (In thousands) Service cost $ 1,396 $ 1,095 $ 1,269 Interest cost 1,162 1,134 1,012 Expected return on assets (1,526 ) (1,233 ) (1,387 ) Amortization of actuarial loss 421 133 170 Net periodic pension cost $ 1,453 $ 1,129 $ 1,064
The following actuarial assumptions were used in determining the net periodic pension cost	The following actuarial assumptions were used in determining the net periodic pension cost 2020 2019 2018 Discount rate 3.25 % 4.25 % 3.60 % Expected return on plan assets 7.00 7.00 7.50 Rate of compensation increase 4.00 4.00 4.00
The following is a summary of the Plan’s investments	The following is a summary of the Plan’s investments 2020 2019 (In thousands) Pooled separate investment accounts: Fixed income $ 13,332 $ 11,033 Large U.S. equity 6,763 5,458 International equity 3,960 3,528 Small/mid U.S. equity 1,131 975 Balanced/asset allocation — 457 Other 1,078 1,336 Total $ 26,264 $ 22,787
The following table summarizes the investments for which fair value is measured using NAV per share as a practical expedient for the years ended December 31, 2020 and 2019.	The following table summarizes the investments for which fair value is measured using NAV per share as a practical expedient for the years ended December 31, 2020 and 2019. Fair Value Unfunded Redemption Redemption Notice Period (In thousands) December 31, 2020 $ 26,264 n/a Daily 1 day December 31, 2019 $ 22,787 n/a Daily 1 day
We estimate that the benefits to be paid from the pension plan	We estimate that the benefits to be paid from the pension plan Year Benefit Payments to Participants (In thousands) 2021 $ 1,620 2022 1,955 2023 2,180 2024 2,497 2025 5,481 In aggregate for 2026 – 2030 16,900

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
The following table presents information about interest rate swaps at December 31, 2020 and December 31, 2019:	The following table presents information about interest rate swaps at December 31, 2020 and December 31, 2019: December 31, 2020 Notional Weighted Average Weighted Average Rate Estimated Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Non-hedging derivatives: Loan-level swaps – dealer $ 13,554 12.5 1.97 % 3.74 % $ (1,440 ) Loan-level swaps – borrower 13,554 12.5 3.74 % 1.97 % 1,440 Forward starting loan-level swaps - dealer 22,390 11.5 114 Forward starting loan-level swaps - borrower 22,390 11.5 (114 ) Total $ 71,888 $ 0 December 31, 2019 Notional Weighted Average Weighted Average Rate Estimated Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Cash flow hedges: Interest rate swaps on FHLB borrowings $ 35,000 2.7 1.89 % 3.54 % $ (1,798 ) Non-hedging derivatives: Loan-level swaps – dealer 6,484 13.2 3.45 % 3.79 % (149 ) Loan-level swaps – borrower 6,484 13.2 3.79 % 3.45 % 149 Total $ 47,968 $ (1,798 )
The table below presents the fair value of our derivative financial instruments designated as hedging instruments as well as our classification on the balance sheet as of December 31, 2020 and December 31, 2019.	The table below presents the fair value of our derivative financial instruments designated as hedging instruments as well as our classification on the balance sheet as of December 31, 2020 and December 31, 2019. December 31, 2020 Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In thousands) Derivatives not designated as hedging instruments: Interest rate swap – with customers Other Assets $ 1,440 $ 114 Interest rate swap – with counterparties 114 Other Liabilities 1,440 Total derivatives not designated as hedging instruments $ 1,554 $ 1,554 December 31, 2019 Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In thousands) Derivatives designated as hedging instruments: Interest rate swaps – cash flow hedge Other Assets $ — Other Liabilities $ 1,798 Total derivatives designated as hedging instruments $ — $ 1,798 Derivatives not designated as hedging instruments: Interest rate swap – with customers Other Assets $ 149 $ — Interest rate swap – with counterparties — Other Liabilities 149 Total derivatives not designated as hedging instruments $ 149 $ 149
The table below presents the pre-tax net gains (losses) of our cash flow hedges for the periods indicated:	The table below presents the pre-tax net gains (losses) of our cash flow hedges for the periods indicated: Amount of Gain (Loss) Recognized in OCI on Derivative Twelve Months Ended December 31, 2020 2019 2018 (In thousands) Interest rate swaps $ 1,099 $ (900 ) $ 442 Amounts reported in accumulated other comprehensive loss related to these derivatives are reclassified to interest expense as interest payments are made on our designated rate sensitive liabilities. The table below presents the amount reclassified from accumulated other comprehensive loss into net income for interest rate swaps and termination fees: Amount of Gain Reclassified from OCI into Expense (Effective Portion) Twelve Months Ended December 31, 2020 2019 2018 (In thousands) Interest rate swaps $ 1,516 $ 1,455 $ 1,520

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
The components of lease expense were as follows	The components of lease expense were as follows Twelve Months Ended December 31, 2020 2019 (In thousands) Amortization of ROU assets $ 1,191 $ 972 Interest on lease liabilities 269 244 Operating lease cost $ 1,460 $ 1,216
Supplemental cash flow information related to leases was as follows	Supplemental cash flow information related to leases was as follows Twelve Months Ended December 31, 2020 2019 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,397 $ 1,172 ROU assets obtained in exchange for lease obligations: Operating leases 4,332 600
Supplemental balance sheet information related to leases was as follows	Supplemental balance sheet information related to leases was as follows December 31, 2020 December 31, 2019 (In thousands) Operating lease ROU assets $ 9,939 $ 6,795 Operating lease liabilities $ 10,047 $ 6,840
Maturities of the Company’s operating lease liabilities were as follows	Maturities of the Company’s operating lease liabilities were as follows Years Ending December 31, 2021 $ 1,482 2022 1,414 2023 1,172 2024 1,108 2025 1,024 Thereafter 5,629 Total lease payments 11,829 Less imputed interest (1,782 ) Total $ 10,047

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2020
Regulatory Capital
Our actual capital ratios of December 31, 2020 and December 31, 2019 are also presented in the following table	Our actual capital ratios of December 31, 2020 and December 31, 2019 are also presented in the following table Actual Minimum For Capital Adequacy Purpose Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2020 Total Capital (to Risk Weighted Assets): Consolidated $ 244,158 14.65 % $ 133,336 8.00 % N/A N/A Bank 231,531 13.91 133,149 8.00 $ 166,436 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated 223,320 13.40 100,002 6.00 N/A N/A Bank 210,722 12.66 99,862   6.00 133,149 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets): Consolidated 223,320 13.40 75,002 4.50 N/A N/A Bank 210,722 12.66 74,896 4.50 108,183 6.50 Tier 1 Leverage Ratio (to Adjusted Average Assets): Consolidated 223,320 9.34 95,606 4.00 N/A N/A Bank 210,722 8.83 95,409 4.00 119,261 5.00 December 31, 2019 Total Capital (to Risk Weighted Assets): Consolidated $ 240,226 13.93 % $ 137,934 8.00 % N/A N/A Bank 227,678 13.22 137,773 8.00 $ 172,217 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated 226,124 13.11 103,451 6.00 N/A N/A Bank 213,576 12.40 103,330 6.00 137,773 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets): Consolidated 226,124 13.11 77,588 4.50 N/A N/A Bank 213,576 12.40 77,498 4.50 111,941 6.50 Tier 1 Leverage Ratio (to Adjusted Average Assets): Consolidated 226,124 10.45 86,593 4.00 N/A N/A Bank 213,576 9.88 86,500 4.00 108,125 5.00
The following is a reconciliation of our GAAP capital to regulatory Tier 1, Common Equity Tier 1 and total capital	The following is a reconciliation of our GAAP capital to regulatory Tier 1, Common Equity Tier 1 and total capital December 31, 2020 2019 (In thousands) Consolidated GAAP capital $ 226,640 $ 232,024 Net unrealized (gains) losses on available-for-sale securities, net of tax (963 ) 322 Unrealized loss on defined benefit pension plan, net of tax 11,750 6,275 Accumulated net loss on cash flow hedges, net of tax 492 2,371 Goodwill (12,487 ) (12,487 ) Intangible assets, net of associated deferred tax liabilities (2,112 ) (2,381 ) Tier 1 and Common Equity Tier 1 capital 223,320 226,124 Allowance for loan losses 20,838 14,102 Total regulatory capital $ 244,158 $ 240,226

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income taxes consist of the following:	Income taxes consist of the following: Years Ended December 31, 2020 2019 2018 (In thousands) Current tax provision: Federal $ 3,793 $ 3,082 $ 3,910 State 1,579 1,450 1,586 Total 5,372 4,532 5,496 Deferred tax benefit: Federal (1,639 ) (348 ) (542 ) State (792 ) (332 ) (254 ) Total (2,431 ) (680 ) (796 ) Total $ 2,941 $ 3,852 $ 4,700
The differences between the statutory federal income tax and the effective tax are summarized below	The differences between the statutory federal income tax and the effective tax are summarized below Years Ended December 31, 2020 2019 2018 (In thousands) Statutory federal income tax $ 2,973 $ 3,612 $ 4,433 Increase (decrease) resulting from: State taxes, net of federal tax benefit 622 883 1,052 Tax exempt income (337 ) (388 ) (370 ) Bank-owned life insurance (BOLI) (380 ) (378 ) (533 ) Option exercise tax shortfall (benefit) 1 (16 ) (11 ) Other, net 62 139 129 Effective tax $ 2,941 $ 3,852 $ 4,700
The tax effects of each item that gives rise to deferred taxes are as follows	The tax effects of each item that gives rise to deferred taxes are as follows December 31, 2020 2019 (In thousands) Deferred tax assets: Allowance for loan losses $ 5,947 $ 3,964 Defined benefit plan 4,594 2,453 Lease liability 2,824 1,923 Employee benefit and share-based compensation plans 2,251 2,223 Non-accrual interest 224 348 Net unrealized loss on derivative and hedging activity 192 928 Net unrealized loss on securities available-for-sale — 71 Purchased mortgage servicing rights 191 242 Other 619 776 Gross deferred tax assets 16,842 12,928 Deferred tax liabilities: Lease right-of-use asset (2,794 ) (1,910 ) Fixed asset depreciation (502 ) (447 ) Purchase accounting adjustments, net (494 ) (283 ) Net unrealized gain on securities available-for-sale (339 ) - Deferred loan fees (121 ) (1,105 ) Other (4 ) (22 ) Gross deferred tax liabilities (4,254 ) (3,767 ) Net deferred tax asset $ 12,588 $ 9,161

TRANSACTIONS WITH DIRECTORS A_2

TRANSACTIONS WITH DIRECTORS AND EXECUTIVE OFFICERS (Tables)	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Following is a summary of activity for such loan	We have had, and expect to have in the future, loans with our directors and executive officers including their affiliates. Such loans, in our opinion, do not include more than the normal risk of collectability or other unfavorable features. Following is a summary of activity for such loan Years Ended December 31, 2020 2019 (In thousands) Balance at beginning of year $ 520 $ 955 Principal distributions 389 481 Repayments of principal (214 ) (620 ) Change in related party status — (296 ) Balance at end of year $ 695 $ 520

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
The following summarizes these financial instruments and other commitments and contingent liabilities at their contract amounts:	We do not anticipate any significant losses as a result of these transactions. The following summarizes these financial instruments and other commitments and contingent liabilities at their contract amounts: December 31, 2020 2019 (In thousands) Commitments to extend credit: Unused lines of credit $ 325,567 $ 264,224 Loan commitments 69,966 74,133 Existing construction loan agreements 44,088 32,037 Standby letters of credit 20,821 11,348

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABLITIES (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis are summarized below:	Assets and liabilities measured at fair value on a recurring basis are summarized below: December 31, 2020 Level 1 Level 2 Level 3 Total Assets: (In thousands) Securities available-for-sale $ — $ 201,880 $ — $ 201,880 Marketable equity securities 11,968 — — 11,968 Interest rate swaps — 1,554 — 1,554 Total assets $ 11,968 $ 203,434 $ — $ 215,402 Liabilities: Interest rate swaps $ — $ 1,554 $ — $ 1,554 December 31, 2019 Level 1 Level 2 Level 3 Total Assets: (In thousands) Securities available-for-sale $ — $ 227,708 $ — $ 227,708 Marketable equity securities 6,737 — — 6,737 Interest rate swaps — 149 — 149 Total assets $ 6,737 $ 227,857 $ — $ 234,594 Liabilities: Interest rate swaps $ — $ 1,947 $ — $ 1,947
The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2020 and 2019.	We may also be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets. The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2020 and 2019. Year Ended At December 31, 2020 December 31, 2020 Total Level 1 Level 2 Level 3 Losses (In thousands) (In thousands) Impaired Loans $ — $ — $ 150 $ 13 Year Ended At December 31, 2019 December 31, 2019 Total Level 1 Level 2 Level 3 Losses (In thousands) (In thousands) Impaired Loans $ — $ — $ 1,836 $ 1,327
The estimated fair values of our financial instruments are as follows:	The estimated fair values of our financial instruments are as follows: December 31, 2020 Carrying Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 87,444 $ 87,444 $ — $ — $ 87,444 Securities available-for-sale 201,880 — 201,880 — 201,880 Marketable equity securities 11,968 11,968 — — 11,968 Federal Home Loan Bank of Boston and other restricted stock 5,160 — — 5,160 5,160 Loans - net 1,906,226 — — 1,900,750 1,900,750 Accrued interest receivable 8,477 — — 8,477 8,477 Mortgage servicing rights 153 — 157 — 157 Derivative asset 1,554 — 1,554 — 1,554 Liabilities: Deposits 2,038,130 — — 2,040,293 2,040,293 Long-term debt 57,850 — 57,945 — 57,945 Accrued interest payable 124 — — 124 124 Derivative liabilities 1,554 — 1,554 — 1,554 December 31, 2019 Carrying Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 24,741 $ 24,741 $ — $ — $ 24,741 Securities available-for-sale 227,708 — 227,708 — 227,708 Marketable equity securities 6,737 6,737 — — 6,737 Federal Home Loan Bank of Boston and other restricted stock 14,477 — — 14,477 14,477 Loans - net 1,761,932 — — 1,729,150 1,729,150 Accrued interest receivable 5,313 — — 5,313 5,313 Mortgage servicing rights 219 — 345 — 345 Derivative asset 149 — 149 — 149 Liabilities: Deposits 1,677,864 — — 1,679,851 1,679,851 Short-term borrowings 35,000 — 35,004 — 35,004 Long-term debt 205,515 — 205,850 — 205,850 Accrued interest payable 525 — — 525 525 Derivative liabilities 1,947 — 1,947 — 1,947

CONDENSED PARENT COMPANY FINA_2

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
The condensed balance sheets of the parent company are as follows:	The condensed balance sheets of the parent company are as follows: December 31, 2020 2019 (In thousands) ASSETS: Cash equivalents $ 31 $ 158 Investment in subsidiaries 214,042 219,476 ESOP loan receivable 5,030 5,717 Other assets 13,002 12,650 TOTAL ASSETS 232,105 238,001 LIABILITIES: ESOP loan payable 5,030 5,717 Other liabilities 435 260 EQUITY 226,640 232,024 TOTAL LIABILITIES AND EQUITY $ 232,105 $ 238,001
The condensed statements of net income for the parent company are as follows:	The condensed statements of net income for the parent company are as follows: Years Ended December 31, 2020 2019 2018 (In thousands) INCOME: Dividends from subsidiaries $ 15,812 $ 25,063 $ 28,712 ESOP loan interest income 457 514 571 Other income 1 1 1 Total income 16,270 25,578 29,284 OPERATING EXPENSE: Salaries and employee benefits 1,420 1,647 1,837 ESOP interest 457 514 571 Other expenses 406 352 286 Total operating expense 2,283 2,513 2,694 Income before equity in undistributed income of subsidiaries and income taxes 13,987 23,065 26,590 Equity in undistributed loss of subsidiaries (3,123 ) (10,203 ) (10,717 ) Net income before taxes 10,864 12,862 15,873 Income tax benefit (351 ) (487 ) (535 ) Net income $ 11,215 $ 13,349 $ 16,408
The condensed statements of cash flows of the parent company are as follows:	The condensed statements of cash flows of the parent company are as follows: Years Ended December 31, 2020 2019 2018 (In thousands) OPERATING ACTIVITIES: Net income $ 11,215 $ 13,349 $ 16,408 Equity in undistributed loss of subsidiaries 3,123 10,203 10,717 Change in other liabilities (672 ) (668 ) (610 ) Change in other assets 335 216 (919 ) Other, net 1,385 1,607 1,805 Net cash provided by operating activities 15,386 24,707 27,401 INVESTING ACTIVITIES: Purchase of securities (122 ) (140 ) (127 ) Sales of securities 122 140 127 Net cash provided by investing activities — — — FINANCING ACTIVITIES: Cash dividends paid (5,037 ) (5,274 ) (4,641 ) Common stock repurchased (10,519 ) (19,455 ) (22,920 ) Issuance of common stock in connection with stock option exercises 43 106 114 Net cash used in financing activities (15,513 ) (24,623 ) (27,447 ) NET CHANGE IN CASH AND CASH EQUIVALENTS (127 ) 84 (46 ) CASH AND CASH EQUIVALENTS Beginning of year 158 74 120 End of year $ 31 $ 158 $ 74 Supplemental cash flow information: Net change in due to broker for common stock repurchased $ 160 $ (221 ) $ (83 )

SUMMARY OF QUARTERLY FINANCIA_2

SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
The following tables present a summary of our quarterly financial information for the periods indicated.	The following tables present a summary of our quarterly financial information for the periods indicated. 2020 First Quarter Second Quarter Third Quarter Fourth Quarter (Dollars in thousands, except per share amounts) Interest and dividend income $ 20,390 $ 20,330 $ 20,447 $ 21,708 Interest expense (1) 5,837 5,238 4,457 2,913 Net interest and dividend income 14,553 15,092 15,990 18,795 Provision for loan losses 2,100 2,450 2,725 500 Gain on available-for-sale securities, net 23 13 1,929 — Unrealized gains (losses) on marketable equity securities, net 102 35 (4 ) (24 ) Swap fee income 185 — 397 72 Loss on interest rate swap termination — — (2,353 ) — Other non-interest income 2,215 2,039 2,208 2,414 Non-interest income 2,525 2,087 2,177 2,462 Non-interest expense (2) 12,314 12,245 12,853 14,338 Income before income taxes 2,664 2,484 2,589 6,419 Income tax provision 584 463 488 1,406 Net income $ 2,080 $ 2,021 $ 2,101 $ 5,013 Basic earnings per share $ 0.08 $ 0.08 $ 0.08 $ 0.20 Diluted earnings per share $ 0.08 $ 0.08 $ 0.08 $ 0.20 2019 First Quarter Second Quarter Third Quarter Fourth Quarter (Dollars in thousands, except per share amounts) Interest and dividend income $ 20,060 $ 20,215 $ 20,804 $ 21,037 Interest expense 5,734 6,014 6,276 6,113 Net interest and dividend income 14,326 14,201 14,528 14,924 Provision for loan losses 50 350 1,275 1,000 Gain (loss) on available-for-sale securities, net 35 (96 ) 49 (85 ) Unrealized gains (losses) on marketable equity securities, net 70 79 45 (29 ) Swap fee income 8 206 55 205 Other non-interest income 2,058 2,328 2,462 2,315 Non-interest income 2,171 2,517 2,611 2,406 Non-interest expense 12,023 12,140 11,740 11,905 Income before income taxes 4,424 4,228 4,124 4,425 Income tax provision 994 971 899 988 Net income $ 3,430 $ 3,257 $ 3,225 $ 3,437 Basic earnings per share $ 0.13 $ 0.13 $ 0.12 $ 0.13 Diluted earnings per share $ 0.13 $ 0.12 $ 0.12 $ 0.13 (1) The decrease in interest expense for the three months ended December 31, 2020 was due to a decrease of $ 933,000 611,000 (2) The increase in non-interest expense for the three months ended December 31, 2020 was primarily driven by a $ 987,000 50 (1) The decrease in interest expense for the three months ended December 31, 2020 was due to a decrease of $933,000 in interest expense on deposits and $611,000 in interest expense on FHLB borrowings, both resulting from repricing liabilities in the continued low-rate environment as well as the pay down of high-rate FHLB borrowings. (2) The increase in non-interest expense for the three months ended December 31, 2020 was primarily driven by a $987,000 expense resulting from the early extinguishment of $50.0 million in FHLB borrowings.

Schedule of estimated useful li

Schedule of estimated useful lives of assets (Details)	12 Months Ended
	Dec. 31, 2020
Building [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	39 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years

Schedule of earrings per common

Schedule of earrings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Net income applicable to common stock		$ 5,013	$ 2,101	$ 2,021	$ 2,080	$ 3,437	$ 3,225	$ 3,257	$ 3,430	$ 11,215	$ 13,349	$ 16,408
Average number of common shares issued										25,751	26,959	29,734
Less: Average unallocated ESOP Shares										(580)	(667)	(757)
Less: Average unvested equity incentive plan shares										(124)	(107)	(90)
Average number of common shares outstanding used to calculate basic earnings per common share										25,047	26,185	28,887
Effect of dilutive equity incentive plan											45	46
Effect of dilutive stock options										15	73	96
Average number of common shares outstanding used to calculate diluted earnings per common share										25,062	26,303	29,029
Basic earnings per share		$ 0.20	$ 0.08	$ 0.08	$ 0.08	$ 0.13	$ 0.12	$ 0.13	$ 0.13	$ 0.45	$ 0.51	$ 0.57
Diluted earnings per share		$ 0.20	$ 0.08	$ 0.08	$ 0.08	$ 0.13	$ 0.12	$ 0.12	$ 0.13	$ 0.45	$ 0.51	$ 0.57
Anti-dilutive shares	[1]									259
[1]	Shares outstanding but not included because the impact of these shares would be anti-dilutive to the earnings per share calculation for the periods presented.

Schedule of accumulated other c

Schedule of accumulated other comprehensive loss included in shareholders equity (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (11,279)	$ (8,968)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) before tax	1,302	(393)
Tax effect	(339)	71
Accumulated other comprehensive loss	963	(322)
Accumulated Other Comprehensive Income (Loss), Derivative Qualifying as Hedge, Excluded Component, Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effect	192	928
Accumulated other comprehensive loss	(492)	(2,371)
Fair value of derivatives used for cash flow hedges		(1,773)
Termination fee on cancelled cash flow hedges	(684)	(1,526)
Total derivatives	(684)	(3,299)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) before tax	(16,344)	(8,728)
Tax effect	4,594	2,453
Accumulated other comprehensive loss	$ (11,750)	$ (6,275)

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ in Thousands	Mar. 27, 2020USD ($)	Dec. 31, 2020USD ($)Number	Dec. 31, 2019
Schedule of Capitalization, Long-term Debt [Line Items]
Number of banking offices in which bank operates | Number		25
Loan-to-value ratio requiring private mortgage insurance		80.00%
CARES Act Funding Amount	$ 2,200,000,000
Operating Lease, Liability, Statement of Financial Position [Extensible List]		Other liabilities	Other liabilities
Defined benefit plan actuarial loss recognized as a component of net periodic pension cost		$ 934
401 (k) [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Employer matching contribution for the first 6% of each participant's annual earnings		50.00%
Maximum percentage of participant's annual earnings subject to match by employer for 401(K) plan		6.00%
PPP Loan [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Monthly payroll costs multiplier for loan amount	2.5
Maximum amount available for loan	$ 10,000
Interest rate	1.00%
Percentage of loans guaranteed	100.00%
Percentage of loan proceeds for payroll expenses	60.00%
Percentage of loan proceeds for other expenses	40.00%

The amortized cost and fair val

The amortized cost and fair values of available-for-sale investment securities at December 31, 2020 and 2019 are summarized as follows: (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 200,578	$ 228,101
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	1,902	996
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(600)	(1,389)
Available-for-sale Securities	201,880	227,708
Government Sponsored Enterprise Obligations [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	14,871	20,150
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	15
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(111)	(136)
Available-for-sale Securities	14,775	20,014
State And Municipal Bonds [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	405	2,718
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	1	95
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax
Available-for-sale Securities	406	2,813
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	3,039	7,800
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	36	88
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax		(22)
Available-for-sale Securities	3,075	7,866
Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	18,315	30,668
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	52	183
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(111)	(158)
Available-for-sale Securities	18,256	30,693
US Government-sponsored Enterprises Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	161,290	186,236
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	1,742	780
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(303)	(1,015)
Available-for-sale Securities	162,729	186,001
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	20,973	11,197
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	108	33
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(186)	(216)
Available-for-sale Securities	20,895	11,014
Collateralized Mortgage Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	182,263	197,433
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	1,850	813
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(489)	(1,231)
Available-for-sale Securities	$ 183,624	$ 197,015

The amortized cost and fair v_2

The amortized cost and fair value of available-for-sale debt securities at December 31, 2020, by final maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers have the right to call or prepay obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Marketable Securities [Line Items]
Available for Sale Securities, Amortized Cost, Total	$ 200,578	$ 228,101
Available for Sale Securities, Fair Value, Total	201,880
Debt Security, Corporate, US [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Amortized Cost, Due after one year through five years	3,444
Available for Sale Securities, Fair Value, Due after one year through five years	3,481
Available for Sale Securities, Fair Value, Due after five year through ten years	9,891
Available for Sale Securities, Fair Value, Due after five years through ten years	9,884
Available for Sale Securities, Amortized Cost, Due after ten years	4,980
Available for Sale Securities, Fair Value, Due after ten years	4,891
Available for Sale Securities, Amortized Cost, Total	18,315
Available for Sale Securities, Fair Value, Total	18,256
Collateralized Mortgage Backed Securities [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Amortized Cost, Total	182,263	$ 197,433
Available for Sale Securities, Fair Value, Total	$ 183,624

Gross realized gains and losses

Gross realized gains and losses on sales of securities available-for-sale for the years ended December 31, 2020, 2019 and 2018 are as follows: (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Gross gains realized									$ 2,188	$ 160
Gross losses realized									(223)	(257)	(281)
Net gain (loss) realized		$ 1,929	$ 13	$ 23	$ (85)	$ 49	$ (96)	$ 35	$ 1,965	$ (97)	$ (281)

Information pertaining to secur

Information pertaining to securities with gross unrealized losses at December 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous loss position are as follows: (Details) $ in Thousands	Dec. 31, 2020USD ($)Number	Dec. 31, 2019USD ($)Number
Marketable Securities [Line Items]
Available for sale, Less Than 12 Months Fair Value	$ 47,417	$ 61,764
Available for sale, Less Than 12 Months Gross Unrealized Losses	411	277
Available for sale, Over 12 Months Fair Value	4,208	79,805
Available for sale, Over 12 Months Gross Unrealized Losses	$ 189	$ 1,112
US Government-sponsored Enterprises Debt Securities [Member]
Marketable Securities [Line Items]
Number of Securities - less than 12 months | Number | Number	16	17
Available for sale, Less Than 12 Months Fair Value	$ 27,091	$ 42,834
Available for sale, Less Than 12 Months Gross Unrealized Losses	$ 225	$ 122
Depreciation from Amortized Cost Basis (%) - less than 12 months	0.80%	0.30%
Number of Securities - Over 12 Months | Number | Number	2	43
Available for sale, Over 12 Months Fair Value	$ 1,815	$ 70,581
Available for sale, Over 12 Months Gross Unrealized Losses	$ 78	$ 893
Depreciation from Amortized Cost Basis (%) - Over 12 months	4.10%	1.20%
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Number of Securities - less than 12 months | Number | Number	3	2
Available for sale, Less Than 12 Months Fair Value	$ 10,458	$ 2,783
Available for sale, Less Than 12 Months Gross Unrealized Losses	$ 75	$ 13
Depreciation from Amortized Cost Basis (%) - less than 12 months	0.70%	0.50%
Number of Securities - Over 12 Months | Number | Number	2	4
Available for sale, Over 12 Months Fair Value	$ 2,393	$ 4,688
Available for sale, Over 12 Months Gross Unrealized Losses	$ 111	$ 203
Depreciation from Amortized Cost Basis (%) - Over 12 months	4.40%	4.20%
US government sponsored enterprises obligation securities
Marketable Securities [Line Items]
Number of Securities - less than 12 months | Number | Number	2	5
Available for sale, Less Than 12 Months Fair Value	$ 9,868	$ 14,524
Available for sale, Less Than 12 Months Gross Unrealized Losses	$ 111	$ 126
Depreciation from Amortized Cost Basis (%) - less than 12 months	1.10%	0.90%
Number of Securities - Over 12 Months | Number | Number		1
Available for sale, Over 12 Months Fair Value		$ 1,490
Available for sale, Over 12 Months Gross Unrealized Losses		$ 10
Depreciation from Amortized Cost Basis (%) - Over 12 months		0.70%
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Number of Securities - less than 12 months | Number | Number		1
Available for sale, Less Than 12 Months Fair Value		$ 1,623
Available for sale, Less Than 12 Months Gross Unrealized Losses		$ 16
Depreciation from Amortized Cost Basis (%) - less than 12 months		1.00%
Number of Securities - Over 12 Months | Number | Number		1
Available for sale, Over 12 Months Fair Value		$ 3,046
Available for sale, Over 12 Months Gross Unrealized Losses		$ 6
Depreciation from Amortized Cost Basis (%) - Over 12 months		0.20%

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Proceeds from redemptions and sales	$ 96.3	$ 72.2	$ 12.5
Collateralized Mortgage Backed Securities [Member]
Marketable Securities [Line Items]
Fair value of collateralized public deposits	$ 74.3

Major classifications of loans

Major classifications of loans at the periods indicated were as follows: (Details) - USD ($) $ in Thousands	Dec. 31, 2020		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Past Due [Line Items]
Total gross loans	$ 1,926,846		$ 1,771,770
Unamortized PPP loan fees	(3,050)
Unearned premiums and deferred loan fees and costs, net	3,587		4,264
Allowance for loan losses	(21,157)		(14,102)	$ (12,053)	$ (10,831)
Net loans	1,906,226		1,761,932
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans	833,949	[1],[2]	816,886
Allowance for loan losses	(13,020)		(6,807)	(5,260)	(4,712)
Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans	604,719		597,727
Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans	103,905		102,517
Commercial and Industrial Payment Protection Program [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans	167,258
Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans	211,823		248,893
Allowance for loan losses	(3,630)		(3,183)	(3,114)	(2,733)
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans	5,192	[1],[2]	5,747
Allowance for loan losses	$ (241)		$ (203)	$ (135)	$ (71)
[1]	Excludes PPP loans and deferred fees
[2]	Residential includes home equity loans and lines of credit

The table below breaks out the

The table below breaks out the remaining modifications granted under the CARES Act at December 31, 2020: (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2020USD ($)Number		Dec. 31, 2019USD ($)Number
Financing Receivable, Past Due [Line Items]
Total gross loans		$ 1,926,846		$ 1,771,770
Total Loans Non PPE [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans	[1],[2]	$ 1,759,588
Percentage of toal loans	[1],[2]	100.00%
CARES Act Modifications [Member]
Financing Receivable, Past Due [Line Items]
Modification balance		$ 76,900	[1],[2]	$ 261,000
Number of loans modified | Number		47	[1],[2]	525
Percentage of financing receivable modifications loans		4.40%	[1],[2]	15.00%
Loans Under 1st Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 8,500
Number of loans modified | Number	[1],[2]	15
Percentage of financing receivable modifications loans	[1],[2]	0.50%
Loans Granted Subsequent Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 68,400
Number of loans modified | Number	[1],[2]	32
Percentage of financing receivable modifications loans	[1],[2]	3.90%
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans		$ 833,949	[1],[2]	$ 816,886
Percentage of toal loans	[1],[2]	47.40%
Modification balance		$ 64,000
Commercial Real Estate [Member] | CARES Act Modifications [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 64,000
Number of loans modified | Number	[1],[2]	19
Percentage of financing receivable modifications loans	[1],[2]	7.70%
Commercial Real Estate [Member] | Loans Under 1st Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 6,200
Number of loans modified | Number	[1],[2]	2
Percentage of financing receivable modifications loans	[1],[2]	0.70%
Commercial Real Estate [Member] | Loans Granted Subsequent Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 57,800
Number of loans modified | Number	[1],[2]	17
Percentage of financing receivable modifications loans	[1],[2]	6.90%
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans	[1],[2]	$ 211,900
Percentage of toal loans	[1],[2]	12.00%
Commercial and Industrial [Member] | CARES Act Modifications [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 9,300
Number of loans modified | Number	[1],[2]	10
Percentage of financing receivable modifications loans	[1],[2]	4.40%
Commercial and Industrial [Member] | Loans Under 1st Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 1,100
Number of loans modified | Number	[1],[2]	4
Percentage of financing receivable modifications loans	[1],[2]	0.50%
Commercial and Industrial [Member] | Loans Granted Subsequent Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 8,200
Number of loans modified | Number	[1],[2]	6
Percentage of financing receivable modifications loans	[1],[2]	3.90%
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans		$ 708,624	[1],[2]	700,244
Percentage of toal loans	[1],[2]	40.30%
Residential Portfolio Segment [Member] | CARES Act Modifications [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 3,600
Number of loans modified | Number	[1],[2]	16
Percentage of financing receivable modifications loans	[1],[2]	0.50%
Residential Portfolio Segment [Member] | Loans Under 1st Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 1,200
Number of loans modified | Number	[1],[2]	8
Percentage of financing receivable modifications loans	[1],[2]	0.20%
Residential Portfolio Segment [Member] | Loans Granted Subsequent Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 2,400
Number of loans modified | Number	[1],[2]	8
Percentage of financing receivable modifications loans	[1],[2]	0.30%
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total gross loans		$ 5,192	[1],[2]	$ 5,747
Percentage of toal loans	[1],[2]	0.30%
Consumer Loan [Member] | CARES Act Modifications [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 0
Number of loans modified | Number	[1],[2]	2
Percentage of financing receivable modifications loans	[1],[2]	0.70%
Consumer Loan [Member] | Loans Under 1st Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 0
Number of loans modified | Number	[1],[2]	1
Percentage of financing receivable modifications loans	[1],[2]	0.00%
Consumer Loan [Member] | Loans Granted Subsequent Modification [Member]
Financing Receivable, Past Due [Line Items]
Modification balance	[1],[2]	$ 0
Number of loans modified | Number	[1],[2]	1
Percentage of financing receivable modifications loans	[1],[2]	0.00%
[1]	Excludes PPP loans and deferred fees
[2]	Residential includes home equity loans and lines of credit

The following table provides so

The following table provides some insight into the composition of the Bank's loan portfolio and remaining loan modifications, excluding PPP loans, as of December 31, 2020: (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Financing Receivable, Past Due [Line Items]
Percentage of Balance Modified	4.40%	[1]
PPP Loans	$ 167.3
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	47.40%	[2]
Percentage of Risk-Based Capital	341.00%
Percentage of Balance Modified	7.70%	[1]
Modified balance	$ 64
Commercial Real Estate [Member] | Apartment [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	9.20%	[2]
Percentage of Risk-Based Capital	66.50%
Commercial Real Estate [Member] | Office [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	8.40%	[2]
Percentage of Risk-Based Capital	60.30%
Commercial Real Estate [Member] | Industrial [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	6.80%	[2]
Percentage of Risk-Based Capital	49.10%
Percentage of Balance Modified	2.50%	[1]
Commercial Real Estate [Member] | Retail Shopping [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	6.40%	[2]
Percentage of Risk-Based Capital	46.10%
Commercial Real Estate [Member] | Hotel [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	3.20%	[2]
Percentage of Risk-Based Capital	23.00%
Percentage of Balance Modified	90.50%	[1]
Commercial Real Estate [Member] | Residential Non Owner [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	2.60%	[2]
Percentage of Risk-Based Capital	19.00%
Commercial Real Estate [Member] | Auto Sales [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	2.10%	[2]
Percentage of Risk-Based Capital	14.80%
Commercial Real Estate [Member] | Mixed-Use [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	2.10%	[2]
Percentage of Risk-Based Capital	15.10%
Commercial Real Estate [Member] | Adult care/Assisted living [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	2.00%	[2]
Percentage of Risk-Based Capital	14.70%
Percentage of Balance Modified	20.90%	[1]
Commercial Real Estate [Member] | College/school [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	1.60%	[2]
Percentage of Risk-Based Capital	11.30%
Percentage of Balance Modified	0.50%	[1]
Commercial Real Estate [Member] | Other [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	1.20%	[2]
Percentage of Risk-Based Capital	8.30%
Percentage of Balance Modified	7.60%	[1]
Commercial Real Estate [Member] | Auto service [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.60%	[2]
Percentage of Risk-Based Capital	4.10%
Commercial Real Estate [Member] | Gas station/convenience store [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.60%	[2]
Percentage of Risk-Based Capital	4.50%
Commercial Real Estate [Member] | Restaurant [Member
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.60%	[2]
Percentage of Risk-Based Capital	4.10%
Percentage of Balance Modified	7.90%	[1]
Commercial and Industrial Sector [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	12.00%	[2]
Percentage of Risk-Based Capital	86.70%	[3]
Percentage of Balance Modified	4.40%	[1]
Modified balance	$ 9.3
Commercial and Industrial Sector [Member] | Auto Sales [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.40%	[2]
Percentage of Risk-Based Capital	3.00%
Commercial and Industrial Sector [Member] | Manufacturing [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	2.90%	[2]
Percentage of Risk-Based Capital	20.60%
Percentage of Balance Modified	0.30%	[1]
Commercial and Industrial Sector [Member] | Wholesale Trade [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	2.00%	[2]
Percentage of Risk-Based Capital	14.20%
Commercial and Industrial Sector [Member] | Specialty Trade [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.60%	[2]
Percentage of Risk-Based Capital	4.50%
Commercial and Industrial Sector [Member] | Heavy and civil engineering construction [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.80%	[2]
Percentage of Risk-Based Capital	5.50%
Percentage of Balance Modified	2.40%	[1]
Commercial and Industrial Sector [Member] | Educational Services [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.60%	[2]
Percentage of Risk-Based Capital	4.40%
Percentage of Balance Modified	0.50%	[1]
Commercial and Industrial Sector [Member] | Transportation and Warehouse [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.70%	[2]
Percentage of Risk-Based Capital	5.00%
Percentage of Balance Modified	55.30%	[1]
Commercial and Industrial Sector [Member] | Healthcare and social assistance [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.40%	[2]
Percentage of Risk-Based Capital	3.00%
Percentage of Balance Modified	15.40%	[1]
Commercial and Industrial Sector [Member] | All other C&I [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	3.60%	[2],[3]
Percentage of Risk-Based Capital	25.50%	[3]
Percentage of Balance Modified	1.30%	[1],[3]
Residential and consumer loans [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	40.60%	[2]
Percentage of Balance Modified	0.50%	[1]
Residential and consumer loans [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	40.30%	[2]
Percentage of Risk-Based Capital	289.80%
Percentage of Balance Modified	0.50%	[1]
Modified balance	$ 3.6
Residential and consumer loans [Member] | Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans	0.30%	[2]
Percentage of Risk-Based Capital	2.10%
Percentage of Balance Modified	0.70%	[1]
[1]	Modified balances as of December 31, 2020 (Commercial real estate loans $ 64.0 9.3 3.6
[2]	Excludes PPP loans of $ 167.3
[3]	Other consists of multiple industries.

A summary of the activity in th

A summary of the activity in the balances of mortgage servicing rights follows: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Balance at the beginning of year:	$ 219	$ 286
Amortization	(64)	(67)
Write-down of mortgage servicing asset to fair value	(2)
Balance at the end of year	153	219
Fair value at the end of year	$ 157	$ 345

An analysis of changes in the a

An analysis of changes in the allowance for loan losses by segment for the years ended December 31, 2020, 2019 and 2018 is as follows: (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at beginning				$ 14,102				$ 12,053	$ 14,102	$ 12,053	$ 10,831
Provision (credit)	$ 500	$ 2,725	$ 2,450	2,100	$ 1,000	$ 1,275	$ 350	50	7,775	2,675	1,900
Charge-offs									(963)	(1,700)	(1,150)
Recoveries									243	1,074	472
Balance at end	21,157				14,102				21,157	14,102	12,053
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at beginning				6,807				5,260	6,807	5,260	4,712
Provision (credit)									6,262	1,343	214
Charge-offs									(107)	(669)	(35)
Recoveries									58	873	369
Balance at end	13,020				6,807				13,020	6,807	5,260
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at beginning				3,920				3,556	3,920	3,556	3,311
Provision (credit)									408	618	863
Charge-offs									(177)	(320)	(645)
Recoveries									89	66	27
Balance at end	4,240				3,920				4,240	3,920	3,556
Commercial And Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at beginning				3,183				3,114	3,183	3,114	2,733
Provision (credit)									939	509	660
Charge-offs									(543)	(514)	(299)
Recoveries									51	74	20
Balance at end	3,630				3,183				3,630	3,183	3,114
Consumer Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at beginning				203				135	203	135	71
Provision (credit)									129	204	179
Charge-offs									(136)	(197)	(171)
Recoveries									45	61	56
Balance at end	241				203				241	203	135
Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at beginning				$ (11)				$ (12)	(11)	(12)	4
Provision (credit)									37	1	(16)
Balance at end	$ 26				$ (11)				$ 26	$ (11)	$ (12)

The following table presents in

The following table presents information pertaining to the allowance for loan losses by segment, excluding PPP loans, for the dates indicated: (Details) - USD ($) $ in Thousands		Dec. 31, 2020		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for non-impaired loans		$ 21,157		$ 14,102
Total allowance for loan losses		21,157		14,102	$ 12,053	$ 10,831
Impaired loans		20,632		7,662
Non-impaired loans		1,730,488		1,752,291
Impaired loans acquired with deteriorated credit quality		8,468		11,817
Total loans		1,926,846		1,771,770
Total Loans Non PPE [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	[1],[2]	1,759,588
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for non-impaired loans		13,020		6,807
Total allowance for loan losses		13,020		6,807	5,260	4,712
Impaired loans		11,803		3,457
Non-impaired loans		816,406		805,007
Impaired loans acquired with deteriorated credit quality		5,740		8,422
Total loans		833,949	[1],[2]	816,886
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for non-impaired loans		4,240		3,920
Total allowance for loan losses		4,240		3,920	3,556	3,311
Impaired loans		4,363		3,575
Non-impaired loans		701,915		694,080
Impaired loans acquired with deteriorated credit quality		2,346		2,589
Total loans		708,624	[1],[2]	700,244
Commercial And Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for non-impaired loans		3,630		3,183
Total allowance for loan losses		3,630		3,183	3,114	2,733
Impaired loans		4,439		588
Non-impaired loans		207,002		247,499
Impaired loans acquired with deteriorated credit quality		382		806
Total loans		211,823		248,893
Consumer Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for non-impaired loans		241		203
Total allowance for loan losses		241		203	135	71
Impaired loans		27		42
Non-impaired loans		5,165		5,705
Total loans		5,192	[1],[2]	5,747
Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for non-impaired loans		26		(11)
Total allowance for loan losses		$ 26		$ (11)	$ (12)	$ 4
[1]	Excludes PPP loans and deferred fees
[2]	Residential includes home equity loans and lines of credit

The following tables present an

The following tables present an age analysis of past due loans, excluding PPP loans, as of the dates indicated: (Details) - USD ($) $ in Thousands		Dec. 31, 2020		Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		$ 13,522		$ 13,802
Total Current Loans		1,746,066		1,757,968
Total loans		1,926,846		1,771,770
Non-Accrual Loans		7,841		9,881
Total Loans Non PPE [Member]
Financing Receivable, Past Due [Line Items]
Total loans	[1],[2]	1,759,588
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		7,741		6,818
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		3,662		2,600
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		2,119		4,384
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		10,244		6,655
Total Current Loans		823,705		810,231
Total loans		833,949	[1],[2]	816,886
Non-Accrual Loans		1,632		3,843
Commercial Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		5,844		2,784
Commercial Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		3,144		1,234
Commercial Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		1,256		2,637
Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		2,751		4,690
Total Current Loans		601,968		593,037
Total loans		604,719		597,727
Non-Accrual Loans		5,353		4,548
Residential Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		1,684		2,574
Residential Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		360		683
Residential Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		707		1,433
Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		25		267
Total Current Loans		103,880		102,250
Total loans		103,905		102,517
Non-Accrual Loans		124		445
Home Equity Line of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		25		80
Home Equity Line of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans				38
Home Equity Line of Credit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans				149
Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		480		2,149
Total Current Loans		211,343		246,744
Total loans		211,823		248,893
Non-Accrual Loans		705		1,003
Commercial And Industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		166		1,356
Commercial And Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		158		645
Commercial And Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		156		148
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		22		41
Total Current Loans		5,170		5,706
Total loans		5,192	[1],[2]	5,747
Non-Accrual Loans		27		42
Consumer Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans		$ 22		24
Consumer Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans				$ 17
[1]	Excludes PPP loans and deferred fees
[2]	Residential includes home equity loans and lines of credit

The following is a summary of i

The following is a summary of impaired loans by class: (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Recorded Investment	[1]	$ 29,100	$ 19,479
Unpaid Principal Balance	[1]	33,521	25,084
Average Recorded Investment	[1]	28,691	26,050
Interest Income Recognized	[1]	804	830
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	[1]	17,543	11,879
Unpaid Principal Balance	[1]	18,590	13,914
Average Recorded Investment	[1]	18,284	15,678
Interest Income Recognized	[1]	516	595
Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	[1]	6,544	5,695
Unpaid Principal Balance	[1]	7,647	6,383
Average Recorded Investment	[1]	5,815	6,550
Interest Income Recognized	[1]	66	104
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	[1]	165	469
Unpaid Principal Balance	[1]	207	539
Average Recorded Investment	[1]	371	415
Interest Income Recognized	[1]	5
Commercial And Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	[1]	4,821	1,394
Unpaid Principal Balance	[1]	7,038	4,192
Average Recorded Investment	[1]	4,186	3,359
Interest Income Recognized	[1]	217	131
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	[1]	27	42
Unpaid Principal Balance	[1]	39	56
Average Recorded Investment	[1]	$ 35	$ 48
[1]	Includes loans acquired with deteriorated credit quality and performing troubled debt restructurings.

Loans modifications classified

Loans modifications classified as TDRs during the twelve months ended December 31, 2020 and 2019 are included in the table below. (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)Number	Dec. 31, 2019USD ($)Number
Troubled Debt Restructurings
Number of Contracts | Number	14	4
Pre-Modification Outstanding Recorded Investment	$ 8,382	$ 2,415
Post-Modification Outstanding Recorded Investment	$ 8,382	$ 2,415
Commercial Real Estate [Member]
Troubled Debt Restructurings
Number of Contracts | Number	5	2
Pre-Modification Outstanding Recorded Investment	$ 4,576	$ 2,032
Post-Modification Outstanding Recorded Investment	$ 4,576	$ 2,032
Commercial And Industrial [Member]
Troubled Debt Restructurings
Number of Contracts | Number	9	2
Pre-Modification Outstanding Recorded Investment	$ 3,806	$ 383
Post-Modification Outstanding Recorded Investment	$ 3,806	$ 383

The following is a summary of l

The following is a summary of loans acquired with evidence of credit deterioration from Chicopee Savings Bank (“Chicopee”) as of December 31, 2020. (Details) - Chicopee Bancorp Inc [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans receivable - Contractual Required Payments Receivable beginning	$ 20,689
Loans receivable - Cash Expected To Be Collected beginning	15,909
Loans receivable - Non-Accretable Discount beginning	4,780
Loans receivable - Accretable Yield beginning	4,092
Loans receivable - Outstanding beginning	11,817
Collections - Contractually Required Payments Receivable	(5,339)
Collections - Cash Expected to be Collected	(3,762)
Collections - Non-Accretable Discount	(1,577)
Collections - Accretable Yield	(446)
Collections	(3,316)
Dispositions - Contractually Required Payments Receivable	(1,053)
Dispositions - Cash Expected to be Collected	(662)
Dispositions - Non-Accretable Discount	(391)
Dispositions - Accretable Yield	(629)
Dispositions	(33)
Loans receivable - Contractual Required Payments Receivable ending	14,297
Loans receivable - Cash Expected To Be Collected ending	11,485
Loans receivable - Non-Accretable Discount ending	2,812
Loans receivable - Accretable Yield ending	3,017
Loans receivable - Outstanding ending	$ 8,468

The following table presents ou

The following table presents our loans by risk rating for the periods indicated: (Details) - USD ($) $ in Thousands	Dec. 31, 2020		Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 1,926,846		$ 1,771,770
Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,779,752		1,688,495
Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	92,078		25,934
Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	55,016		57,341
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	833,949	[1],[2]	816,886
Commercial Real Estate [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	726,751		766,124
Commercial Real Estate [Member] | Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	78,207		23,138
Commercial Real Estate [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	28,991		27,624
Residential Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	604,719		597,727
Residential Mortgage [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	598,250		591,911
Residential Mortgage [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,469		5,816
Home Equity Line of Credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	103,905		102,517
Home Equity Line of Credit [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	103,619		101,908
Home Equity Line of Credit [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	286		609
Commercial and Industrial Sector [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	379,081		248,893
Commercial and Industrial Sector [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	345,967		222,847
Commercial and Industrial Sector [Member] | Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	13,871		2,796
Commercial and Industrial Sector [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	19,243		23,250
Consumer Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	5,192	[1],[2]	5,747
Consumer Loan [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	5,165		5,705
Consumer Loan [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 27		$ 42
[1]	Excludes PPP loans and deferred fees
[2]	Residential includes home equity loans and lines of credit

LOANS (Details Narrative)

LOANS (Details Narrative)	12 Months Ended
	Dec. 31, 2020USD ($)Number$ / Loans		Dec. 31, 2019USD ($)Number	Dec. 31, 2018USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Serviced commercial loans for participants	$ 52,900,000		$ 24,200,000
Weighted average prepayment speed, PSA	307.00%
Weighted average internal rate of return	12.05%
Weighted average servicing fee percentage	0.25%
Net cost to service loans | $ / Loans	83.99
Mortgage loans serviced for others	$ 38,100,000		48,200,000
Net service fee income	$ 44,000		$ 67,000	$ 89,000
Percentage of non-accrual loans	0.45%		0.56%
Troubled debt restructuring, subsequent default	$ 0		$ 0
Troubled debt restructuring charge-offs	0		715,000
CARES Act Modifications [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modification balance	$ 76,900,000	[1],[2]	$ 261,000,000
Number of loans modified | Number	47	[1],[2]	525
Percentage of financing receivable modifications loans	4.40%	[1],[2]	15.00%
[1]	Excludes PPP loans and deferred fees
[2]	Residential includes home equity loans and lines of credit

Schedule of premises and equipm

Schedule of premises and equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 53,764	$ 50,249
Less: accumulated depreciation and amortization	(28,661)	(26,486)
Premises and equipment, net	25,103	23,763
Land [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	5,661	5,651
Building [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	25,091	24,454
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	3,112	2,424
Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 19,901	$ 17,720

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details Narrative) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 2.1	$ 2.1	$ 2.1

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization of core deposit intangible	$ 375,000	$ 376,000	$ 375,000
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired core deposit intangible	$ 4,500,000
Acquired core deposit intangible	12 years
Future amortization of core deposit intangible assets years 1-5	$ 375,000
Future amortization of core deposit intangible assets thereafter	$ 1,100,000

Schedule of deposits accounts b

Schedule of deposits accounts by type (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Demand and interest-bearing checking:
Interest-bearing checking accounts	$ 94,936	$ 70,182
Demand deposits	541,759	393,303
Savings:
Regular accounts	170,309	126,352
Money market accounts	640,790	435,396
Time deposits	590,336	652,631
Total deposits	$ 2,038,130	$ 1,677,864

Schedule of maturities of time

Schedule of maturities of time deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deposits:
2020		$ 548,559
2021	503,187	73,394
2022	68,920	18,382
2023	12,927	10,996
2024	3,203	1,300
2025	2,099
Total time deposits	$ 590,336	$ 652,631

Schedule of interest expense on

Schedule of interest expense on deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Deposits:
Regular accounts	$ 136	$ 146	$ 162
Money market accounts	2,838	2,532	1,911
Time deposits	10,139	14,152	9,270
Interest-bearing checking accounts	387	377	340
Total	$ 13,500	$ 17,207	$ 11,683

DEPOSITS (Details Narrative)

DEPOSITS (Details Narrative) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Deposits:
Brokered deposits	$ 55.3	$ 21.5
Time deposits over $250,000 or more	179.4
Interest expense on time deposits $250,000 or more	2.8	3.5
Cash paid for interest on deposits	$ 13.6	$ 17.2	$ 11.7

The following advances are coll

The following advances are collateralized by a blanket lien on our residential real estate loans and certain eligible commercial real estate loans. (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fixed-rate advances maturing:
2020		$ 127,983
2020		2.10%
2021	$ 42,388	$ 51,084
2021	1.50%	2.30%
2022	$ 14,284	$ 23,596
2022	0.40%	1.90%
2023	$ 532	$ 628
2023		0.20%
2024	646	$ 2,224
2024		0.90%
Total long-term advances	$ 57,850	$ 205,515
Weighted average rate	1.20%	2.10%

SHORT-TERM BORROWINGS (Details

SHORT-TERM BORROWINGS (Details Narrative) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Line of Credit [Member]
Short-term Debt [Line Items]
Line of credit available	$ 9.5	$ 9.5
FRB Discount Window [Member]
Short-term Debt [Line Items]
Line of credit available	16.1	16.1
Correspondent Bank 1 [Member]
Short-term Debt [Line Items]
Line of credit available	15	15
Correspondent Bank 2 [Member]
Short-term Debt [Line Items]
Line of credit available	50	$ 50
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | Maximum [Member]
Short-term Debt [Line Items]
Borrowing capacity	$ 476.8

LONG-TERM DEBT (Details Narrati

LONG-TERM DEBT (Details Narrative) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Cash paid for interest	$ 3.6	$ 4.4	$ 4.2

Stock Options. A summary of the

Stock Options. A summary of the status of our stock options at December 31, 2020 is presented below: (Details) - Share-based Payment Arrangement, Option [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of period | shares	218,214
Outstanding at beginning of period | $ / shares	$ 6.42
Outstanding at beginning of period	2 years 7 months 13 days
Outstanding at beginning of period | $	$ 695
Exercised | shares	(7,239)
Exercised | $ / shares	$ 5.81
Exercised	1 month 13 days
Exercised | $	$ 7
Outstanding at end of period | shares	210,975
Outstanding at end of period | $ / shares	$ 6.46
Outstanding at end of period	1 year 8 months 1 day
Outstanding at end of period | $	$ 90
Exercisable at end of period | shares	210,975
Exercisable at end of period | $ / shares	$ 6.46
Exercisable at end of period	1 year 8 months 1 day
Exercisable at end of period | $	$ 90

The original and adjusted thres

The original and adjusted threshold, target and maximum metrics for 2019 under the 2017 grants are as follows: (Details)	12 Months Ended
	Dec. 31, 2020$ / shares
LTI Plan for 2017 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2019	7.90%
LTI Plan for 2017 [Member] | Original Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2019	6.50%
LTI Plan for 2017 [Member] | Original Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2019	7.20%
LTI Plan for 2017 [Member] | Adjusted Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2019	7.09%
LTI Plan for 2017 [Member] | Adjusted Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2019	7.85%
LTI Plan for 2017 [Member] | Adjusted Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2019	8.61%
LTI Plan for 2018 [Member] | Original Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2018	6.30%
December 31, 2019	6.85%
December 31, 2020	7.40%
LTI Plan for 2018 [Member] | Original Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2018	6.80%
December 31, 2019	7.35%
December 31, 2020	7.90%
LTI Plan for 2018 [Member] | Stretch [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2018	7.20%
December 31, 2019	7.75%
December 31, 2020	8.30%
LTI Plan for 2019 [Member] [Default Label] | Original Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2019	5.75%
December 31, 2020	6.00%
December 31, 2021	6.25%
LTI Plan for 2019 [Member] [Default Label] | Original Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2019	6.13%
December 31, 2020	6.75%
December 31, 2021	7.00%
LTI Plan for 2019 [Member] [Default Label] | Stretch [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2019	7.00%
December 31, 2020	7.75%
December 31, 2021	8.00%
LTI Plan for 2020 [Member] | Original Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2020	5.00%
December 31, 2021	5.62%
December 31, 2022	6.29%
Three-year Cumulative Diluted Earnings Per Share	$ 1.50
LTI Plan for 2020 [Member] | Original Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2020	5.48%
December 31, 2021	6.24%
December 31, 2022	6.99%
Three-year Cumulative Diluted Earnings Per Share	$ 1.65
LTI Plan for 2020 [Member] | Stretch [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2020	6.00%
December 31, 2021	6.86%
December 31, 2022	7.69%
Three-year Cumulative Diluted Earnings Per Share	$ 1.80

A summary of the status of rest

A summary of the status of restricted stock awards at December 31, 2020 and 2019 is presented below: (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance	172,866	155,712
Beginning balance	$ 10.07	$ 9.87
Shares granted	145,980	108,718
Shares granted	$ 8.69	$ 9.77
Shares forfeited	(30,193)	(1,842)
Shares forfeited	$ 9.96	$ 9.77
Shares vested	(109,955)	(89,722)
Shares vested	$ 9	$ 9.36
Ending balance	178,698	172,866
Ending balance	$ 9.63	$ 10.07

At December 31, 2020, the remai

At December 31, 2020, the remaining principal balances are payable as follows: (Details) - Loan to Employee Stock Ownership Plan Trust [Member] $ in Thousands	Dec. 31, 2020USD ($)
Schedule of Capitalization, Long-term Debt [Line Items]
2021	$ 447
2022	447
2023	447
2024	447
2025	447
Thereafter	2,795
Total	$ 5,030

Shares held by the ESOP include

Shares held by the ESOP include the following at December 31, 2020 and 2019: (Details) - shares	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement [Abstract]
Allocated	1,078,109	989,258
Committed to be allocated	85,101	88,117	90,978
Unallocated	526,906	612,007
Total	1,690,116	1,689,382

STOCK PLANS AND EMPLOYEE STOC_3

STOCK PLANS AND EMPLOYEE STOCK OWNERSHIP PLAN (Details Narrative)

1 Months Ended

12 Months Ended

Dec. 31, 2020USD ($)shares

Feb. 29, 2020shares

Feb. 28, 2019shares

Jan. 31, 2018shares

May 31, 2017shares

Jan. 31, 2015shares

Jan. 31, 2007shares

Jan. 31, 2002Numbershares

Dec. 31, 2020USD ($)shares

Dec. 31, 2019USD ($)shares

Dec. 31, 2018USD ($)

May 14, 2014shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Proceeds from Stock Options Exercised | $

$ 43,000

$ 106,000

$ 114,000

Share-based Payment Arrangement, Expense | $

834,000

773,000

845,000

Tax (shortfall) benefits related to equity incentive plan expense | $

(23,000)

21,000

24,000

Unrecognized compensation cost | $

$ 966,000

$ 966,000

Unrecognized compensation cost term

1 year 7 months 6 days

Employee age required to qualify for ESOP benefit | Number

21

Minimum working hours needed for eligibility | Number

1,000

Purchase of common stock by ESOP Trust of IPO, percent

4.00%

8.00%

Purchase of common stock by ESOP Trust of IPO

736,000

1,305,359

Number of shares sold in IPO

18,400,000

Total ESOP compensation expense | $

$ 551,000

834,000

$ 960,000

Fair value of unallocated ESOP shares | $

$ 3,600,000

$ 3,600,000

$ 5,900,000

Loan to Employee Stock Ownership Plan Trust [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Interest rate

8.00%

8.00%

LTI Plan for 2017 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

83,812

89,042

89,042

LTI Plan for 2019 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

108,718

LTI Plan for 2020 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

120,053

RSA Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

25,927

Share-based Payment Arrangement [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares authorized

516,000

Shares granted

48,560

Vesting term

5 years

Share-based Payment Arrangement [Member] | Share-based Payment Arrangement, Employee [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting term

3 years

Share-based Payment Arrangement [Member] | Share-based Payment Arrangement, Nonemployee [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting term

1 year

Time Based Shares [Member] | LTI Plan for 2017 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

50,852

55,159

Time Based Shares [Member] | LTI Plan for 2017 [Member] | Share-based Payment Arrangement, Tranche One [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

17,908

21,276

Vesting term

1 year

1 year

Time Based Shares [Member] | LTI Plan for 2017 [Member] | Share-based Payment Arrangement, Tranche Two [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

32,944

33,883

Vesting term

3 years

3 years

Time Based Shares [Member] | LTI Plan for 2019 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

64,496

Time Based Shares [Member] | LTI Plan for 2019 [Member] | Share-based Payment Arrangement, Tranche One [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

20,262

Vesting term

1 year

Time Based Shares [Member] | LTI Plan for 2019 [Member] | Share-based Payment Arrangement, Tranche Two [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

44,234

Vesting term

3 years

Time Based Shares [Member] | LTI Plan for 2020 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

69,898

Time Based Shares [Member] | LTI Plan for 2020 [Member] | Share-based Payment Arrangement, Tranche One [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

19,760

Vesting term

1 year

Time Based Shares [Member] | LTI Plan for 2020 [Member] | Share-based Payment Arrangement, Tranche Two [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

50,138

Vesting term

3 years

Performance Shares [Member] | LTI Plan for 2017 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

33,883

Vesting term

3 years

Shares vested

15,898

Shares forfeited

16,803

Performance Shares [Member] | LTI Plan for 2017 [Member] | Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percent of awards participants may earn

150.00%

150.00%

Performance Shares [Member] | LTI Plan for 2017 [Member] | Original Threshold [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percent of awards participants may earn

50.00%

50.00%

Performance Shares [Member] | LTI Plan for 2017 [Member] | Original Target [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percent of awards participants may earn

100.00%

100.00%

Performance Shares [Member] | LTI Plan for 2018 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

32,960

Vesting term

3 years

Performance Shares [Member] | LTI Plan for 2019 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

44,222

Vesting term

3 years

Performance Shares [Member] | LTI Plan for 2019 [Member] | Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percent of awards participants may earn

150.00%

Performance Shares [Member] | LTI Plan for 2019 [Member] | Original Threshold [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percent of awards participants may earn

50.00%

Performance Shares [Member] | LTI Plan for 2019 [Member] | Original Target [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percent of awards participants may earn

100.00%

Performance Shares [Member] | LTI Plan for 2020 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

50,155

Vesting term

3 years

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

50.00%

Performance Shares [Member] | LTI Plan for 2020 [Member] | Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percent of awards participants may earn

150.00%

Performance Shares [Member] | LTI Plan for 2020 [Member] | Original Threshold [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percent of awards participants may earn

50.00%

Performance Shares [Member] | LTI Plan for 2020 [Member] | Original Target [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percent of awards participants may earn

100.00%

Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted

145,980

108,718

Shares vested

109,955

89,722

Shares forfeited

30,193

1,842

Fair value of restricted stock vested | $

$ 844,000

RETIREMENT PLANS AND EMPLOYEE_3

RETIREMENT PLANS AND EMPLOYEE BENEFITS (Details Narrative)	12 Months Ended
	Dec. 31, 2020USD ($)Number	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan target plan asset allocations	50.00%
Fixed Income Funds [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan target plan asset allocations	50.00%
Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Minimum working hours needed for eligibility | Number	1,000
401 (k) [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution for the first 6% of each participant's annual earnings	50.00%
Maximum percentage of participant's annual earnings subject to match by employer for 401(K) plan	6.00%
Employer contribution to plan | $	$ 468,000	$ 423,000	$ 398,000

The following table provides in

The following table provides information for the Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Change in benefit obligation:
Benefit obligation at beginning of year	$ 36,158	$ 27,309	$ 29,345
Service cost	1,396	1,095	1,269
Interest	1,162	1,134	1,012
Actuarial loss (gain)	9,690	7,074	(3,887)
Benefits paid	(814)	(454)	(430)
Benefit obligation at end of year	47,592	36,158	27,309
Change in plan assets:
Fair value of plan assets at beginning of year	22,787	18,393	19,215
Actual return (loss) on plan assets	3,191	3,923	(1,192)
Employer contribution	1,100	925	800
Benefits paid	(814)	(454)	(430)
Fair value of plan assets at end of year	26,264	22,787	18,393
Funded status and accrued benefit at end of year	(21,328)	(13,371)	(8,916)
Accumulated benefit obligation at end of year	$ 35,755	$ 27,634	$ 21,449

The following actuarial assumpt

The following actuarial assumptions were used in determining the pension benefit obligation (Details)	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Discount rate	2.50%	3.25%
Rate of compensation increase	4.00%	4.00%

Net pension cost includes the f

Net pension cost includes the following components (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Service cost	$ 1,396	$ 1,095	$ 1,269
Interest cost	1,162	1,134	1,012
Expected return on assets	(1,526)	(1,233)	(1,387)
Amortization of actuarial loss	421	133	170
Net periodic pension cost	$ 1,453	$ 1,129	$ 1,064

The following actuarial assum_2

The following actuarial assumptions were used in determining the net periodic pension cost (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Discount rate	3.25%	4.25%	3.60%
Expected return on plan assets	7.00%	7.00%	7.50%
Rate of compensation increase	4.00%	4.00%	4.00%

The following is a summary of t

The following is a summary of the Plan’s investments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	$ 26,264	$ 22,787	$ 18,393	$ 19,215
Fixed Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	13,332	11,033
United States Large Cap Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	6,763	5,458
International Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	3,960	3,528
US Small Mid Cap Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	1,131	975
Balanced/Asset Allocation [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset		457
Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan fair value of plan asset	$ 1,078	$ 1,336

The following table summarizes

The following table summarizes the investments for which fair value is measured using NAV per share as a practical expedient for the years ended December 31, 2020 and 2019. (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 26,264	$ 22,787	$ 18,393	$ 19,215
Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 26,264	$ 22,787
Unfunded Commitments	n/a	n/a
Redemption Frequency (if Currently Eligible)	Daily	Daily
Redemption Notice Period	1 day	1 day

We estimate that the benefits t

We estimate that the benefits to be paid from the pension plan (Details) $ in Thousands	Dec. 31, 2020USD ($)
Retirement Benefits [Abstract]
2021	$ 1,620
2022	1,955
2023	2,180
2024	2,497
2025	5,481
In aggregate for 2026-2030	$ 16,900

The following table presents _2

The following table presents information about interest rate swaps at December 31, 2020 and December 31, 2019: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Notional Amount	$ 71,888	$ 47,968
Estimated Fair Value	0	(1,798)
Interest Rate Swap Agreement [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Notional Amount		$ 35,000
Weighted Average Maturity		2 years 8 months 12 days
Derivative, Average Variable Interest Rate		1.89%
Derivative, Average Fixed Interest Rate		3.54%
Estimated Fair Value		$ (1,798)
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount		13,000
Not Designated as Hedging Instrument [Member] | Loan-Level Swaps - Dealer [Member]
Derivative [Line Items]
Notional Amount	$ 13,554	$ 6,484
Weighted Average Maturity	12 years 6 months	13 years 2 months 12 days
Derivative, Average Variable Interest Rate	1.97%	3.45%
Derivative, Average Fixed Interest Rate	3.74%	3.79%
Estimated Fair Value	$ (1,440)	$ (149)
Not Designated as Hedging Instrument [Member] | Loan-Level Swaps - Borrower [Member]
Derivative [Line Items]
Notional Amount	$ 13,554	$ 6,484
Weighted Average Maturity	12 years 6 months	13 years 2 months 12 days
Derivative, Average Variable Interest Rate	3.74%	3.79%
Derivative, Average Fixed Interest Rate	1.97%	3.45%
Estimated Fair Value	$ 1,440	$ 149
Not Designated as Hedging Instrument [Member] | Forward Starting Loan Level Swaps Dealer [Member]
Derivative [Line Items]
Notional Amount	$ 22,390
Weighted Average Maturity	11 years 6 months
Estimated Fair Value	$ 114
Not Designated as Hedging Instrument [Member] | Forward Starting Loan Level Swaps Borrower [Member]
Derivative [Line Items]
Notional Amount	$ 22,390
Weighted Average Maturity	11 years 6 months
Estimated Fair Value	$ (114)

The table below presents the fa

The table below presents the fair value of our derivative financial instruments designated as hedging instruments as well as our classification on the balance sheet as of December 31, 2020 and December 31, 2019. (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 1,554	$ 149
Derivative Liability, Fair Value, Gross Liability	1,554	149
Not Designated as Hedging Instrument [Member] | Interest Rate Swap Agreement [Member] | Customers [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	114
Not Designated as Hedging Instrument [Member] | Interest Rate Swap Agreement [Member] | Customers [Member] | Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1,440	149
Not Designated as Hedging Instrument [Member] | Interest Rate Swap Agreement [Member] | Counterparties [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	114
Not Designated as Hedging Instrument [Member] | Interest Rate Swap Agreement [Member] | Counterparties [Member] | Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 1,440	149
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability		1,798
Designated as Hedging Instrument [Member] | Interest Rate Swap Agreement [Member] | Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability		$ 1,798

The table below presents the pr

The table below presents the pre-tax net gains (losses) of our cash flow hedges for the periods indicated: (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from OCI into Expense (Effective Portion)	$ 1,516	$ 1,455	$ 1,520
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ 1,099	$ (900)	$ 442

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative, Notional Amount	$ 71,888,000	$ 47,968,000
Estimated amount to be reclassified during the next 12 month period	569,000
Net liability position	1,500,000	1,800,000
Cash posted as collateral	1,300,000
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 71,900,000	35,000,000
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 13,000,000

LEASES (Details Narrative)

LEASES (Details Narrative)	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	10 years 8 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	2.82%
Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	1 year
Operating lease, renewal term	5 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	18 years
Operating lease, renewal term	15 years

The components of lease expense

The components of lease expense were as follows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Amortization of ROU assets	$ 1,191	$ 972
Interest on lease liabilities	269	244
Operating lease cost	$ 1,460	$ 1,216

Supplemental cash flow informat

Supplemental cash flow information related to leases was as follows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 1,397	$ 1,172
ROU assets obtained in exchange for lease obligations:
Operating leases	$ 4,332	$ 600

Supplemental balance sheet info

Supplemental balance sheet information related to leases was as follows (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease ROU assets	$ 9,939	$ 6,795
Operating lease liabilities	$ 10,047	$ 6,840

Maturities of the Company_s ope

Maturities of the Company’s operating lease liabilities were as follows (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Years Ending December 31,
2021	$ 1,482
2022	1,414
2023	1,172
2024	1,108
2025	1,024
Thereafter	5,629
Total lease payments	11,829
Less imputed interest	(1,782)
Total	$ 10,047	$ 6,840

Our actual capital ratios of De

Our actual capital ratios of December 31, 2020 and December 31, 2019 are also presented in the following table (Details)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Condensed Cash Flow Statements, Captions [Line Items]
Total Capital	$ 244,158,000	$ 240,226,000
Total Capital (to risk-weighted assets) ratio	0.1465	0.1393
Minimum amount of capital for adequacy purposes	$ 133,336,000	$ 137,934,000
Minimum amount of capital for adequacy purposes, ratio	0.0800	0.0800
Tier 1 Capital	$ 223,320,000	$ 226,124,000
Tier 1 Capital (to risk-weighted assets) ratio	0.1340	0.1311
Minimum amount of Tier 1 Capital for adequacy purposes	$ 100,002,000	$ 103,451,000
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	0.0600	0.0600
Common Equity Tier 1 Capital	$ 223,320,000	$ 226,124,000
Common Equity Tier 1 Capital (to risk-weighted assets) ratio	0.1340	0.1311
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes	$ 75,002,000	$ 77,588,000
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes, ratio	0.0450	0.0450
Tier 1 Leverage ratio	$ 223,320,000	$ 226,124,000
Tier 1 Leverage (to adjusted average assets) ratio	0.0934	0.1045
Minimum amount of Tier 1 Leverage for adequacy purposes	$ 95,606,000	$ 86,593,000
Minimum amount of Tier 1 Leverage for adequacy purposes, ratio	0.0400	0.0400
Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Total Capital	$ 231,531,000	$ 227,678,000
Total Capital (to risk-weighted assets) ratio	0.1391	0.1322
Minimum amount of capital for adequacy purposes	$ 133,149,000	$ 137,773,000
Minimum amount of capital for adequacy purposes, ratio	0.0800	0.0800
Minimum Capital required to be well-capitalized	$ 166,436,000	$ 172,217,000
Minimum Capital required to be well-capitalized, ratio	0.1000	0.1000
Tier 1 Capital	$ 210,722,000	$ 213,576,000
Tier 1 Capital (to risk-weighted assets) ratio	0.1266	0.1240
Minimum amount of Tier 1 Capital for adequacy purposes	$ 99,862,000	$ 103,330,000
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	0.0600	0.0600
Minimum Tier 1 Capital required to be well-capitalized	$ 133,149,000	$ 137,773,000
Minimum Tier 1 Capital required to be well-capitalized, ratio	0.0800	0.0800
Common Equity Tier 1 Capital	$ 210,722,000	$ 213,576,000
Common Equity Tier 1 Capital (to risk-weighted assets) ratio	0.1266	0.1240
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes	$ 74,896,000	$ 77,498,000
Minimum amount of Common Equity Tier 1 Capital for adequacy purposes, ratio	0.0450	0.0450
Minimum Common Equity Tier 1 Capital required to be well-capitalized	$ 108,183,000	$ 111,941,000
Minimum Common Equity Tier 1 Capital required to be well-capitalized, ratio	0.0650	0.0650
Tier 1 Leverage ratio	$ 210,722,000	$ 213,576,000
Tier 1 Leverage (to adjusted average assets) ratio	0.0883	0.0988
Minimum amount of Tier 1 Leverage for adequacy purposes	$ 95,409,000	$ 86,500,000
Minimum amount of Tier 1 Leverage for adequacy purposes, ratio	0.0400	0.0400
Minimum Tier 1 Capital required to be well-capitalized	$ 119,261,000	$ 108,125,000
Minimum Tier 1 Leverage required to be well-capitalized, ratio	0.0500	0.0500

The following is a reconciliati

The following is a reconciliation of our GAAP capital to regulatory Tier 1, Common Equity Tier 1 and total capital (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Regulatory Capital
Consolidated GAAP capital	$ 226,640	$ 232,024	$ 237,029	$ 247,281
Net unrealized (gains) losses on available-for-sale securities, net of tax	(963)	322
Unrealized loss on defined benefit pension plan, net of tax	11,750	6,275
Accumulated net loss on cash flow hedges, net of tax	492	2,371
Goodwill	(12,487)	(12,487)
Intangible assets, net of associated deferred tax liabilities	(2,112)	(2,381)
Tier 1 and Common Equity Tier 1 capital	223,320	226,124
Allowance for loan losses	20,838	14,102
Total regulatory capital	$ 244,158	$ 240,226

REGULATORY CAPITAL (Details Nar

REGULATORY CAPITAL (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2020	Oct. 19, 2020	Dec. 31, 2019	Jan. 29, 2019
Equity, Class of Treasury Stock [Line Items]
Restricted equity in net assets	$ 133,100,000	$ 133,100,000		$ 137,800,000
2019 Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased					2,814,200
Number of shares authorized to be repurchased as percentage of total outstanding shares of common stock					10.00%
2020 Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased			1,300,000
Number of shares authorized to be repurchased as percentage of total outstanding shares of common stock			5.00%
Common stock repurchased (in shares)	264,630
Common stock repurchased, average price per share	$ 6.58
Shares remaining under plan	1,035,370	1,035,370
2019 and 2020 Plans [Member]
Equity, Class of Treasury Stock [Line Items]
Common stock repurchased (in shares)		1,391,496

Income taxes consist of the fol

Income taxes consist of the following: (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current tax provision:
Federal									$ 3,793	$ 3,082	$ 3,910
State									1,579	1,450	1,586
Total									5,372	4,532	5,496
Deferred tax benefit:
Federal									(1,639)	(348)	(542)
State									(792)	(332)	(254)
Total									(2,431)	(680)	(796)
Total	$ 1,406	$ 488	$ 463	$ 584	$ 988	$ 899	$ 971	$ 994	$ 2,941	$ 3,852	$ 4,700

The differences between the sta

The differences between the statutory federal income tax and the effective tax are summarized below (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Statutory federal income tax									$ 2,973	$ 3,612	$ 4,433
Increase (decrease) resulting from:
State taxes, net of federal tax benefit									622	883	1,052
Tax exempt income									(337)	(388)	(370)
Bank-owned life insurance (BOLI)									(380)	(378)	(533)
Option exercise tax shortfall (benefit)									1	(16)	(11)
Other, net									62	139	129
Effective tax	$ 1,406	$ 488	$ 463	$ 584	$ 988	$ 899	$ 971	$ 994	$ 2,941	$ 3,852	$ 4,700

The tax effects of each item th

The tax effects of each item that gives rise to deferred taxes are as follows (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Allowance for loan losses	$ 5,947	$ 3,964
Defined benefit plan	4,594	2,453
Lease liability	2,824	1,923
Employee benefit and share-based compensation plans	2,251	2,223
Non-accrual interest	224	348
Net unrealized loss on derivative and hedging activity	192	928
Net unrealized loss on securities available-for-sale		71
Purchased mortgage servicing rights	191	242
Other	619	776
Gross deferred tax assets	16,842	12,928
Deferred tax liabilities:
Lease right-of-use asset	(2,794)	(1,910)
Fixed asset depreciation	(502)	(447)
Purchase accounting adjustments, net	(494)	(283)
Net unrealized gain on securities available-for-sale	(339)
Deferred loan fees	(121)	(1,105)
Other	(4)	(22)
Gross deferred tax liabilities	(4,254)	(3,767)
Net deferred tax asset	$ 12,588	$ 9,161

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Cash paid for income taxes	$ 5,800,000	$ 4,200,000	$ 3,700,000
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Income tax reserve for loan losses at Bank's base year	$ 9,400,000
Percentage of amount actually used net of reserve subject to taxation	150.00%
Deferred tax liability not recognized	$ 2,600,000

Following is a summary of activ

Following is a summary of activity for such loan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Balance at beginning of year	$ 520	$ 955
Principal distributions	389	481
Repayments of principal	(214)	(620)
Change in related party status		(296)
Balance at end of year	$ 695	$ 520

The following summarizes these

The following summarizes these financial instruments and other commitments and contingent liabilities at their contract amounts: (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Other Commitments [Line Items]
Commitments to extend credit	$ 460,400,000	$ 381,700,000
Unused lines of Credit [Member]
Other Commitments [Line Items]
Commitments to extend credit	325,567,000	264,224,000
Loan Commitments [Member]
Other Commitments [Line Items]
Commitments to extend credit	69,966,000	74,133,000
Existing Construction Loan Agreements [Member]
Other Commitments [Line Items]
Commitments to extend credit	44,088,000	32,037,000
Standby Letters of Credit [Member]
Other Commitments [Line Items]
Commitments to extend credit	$ 20,821,000	$ 11,348,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Loss Contingencies [Line Items]
Commitments to extend credit	$ 460,400,000	$ 381,700,000
Fixed rate commitments	86,500,000	48,300,000
Variable rate commitments	373,900,000	$ 333,400,000
General Partner [Member]
Loss Contingencies [Line Items]
Partners committed capital contrbution	3,000,000
Unfunded commitment	600,000
General Partner [Member] | Other Assets [Member]
Loss Contingencies [Line Items]
Partners committed book value	$ 2,400,000
Minimum [Member]
Loss Contingencies [Line Items]
Fixed rate commitments - interest rates	2.45%	2.45%
Maximum [Member]
Loss Contingencies [Line Items]
Fixed rate commitments - interest rates	18.00%	18.00%

Assets and liabilities measured

Assets and liabilities measured at fair value on a recurring basis are summarized below: (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 201,880
Marketable equity securities	11,968	$ 6,737
Interest rate swaps	1,554	149
Interest rate swaps	1,554	1,947
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities	11,968	6,737
Interest rate swaps
Interest rate swaps
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities
Interest rate swaps	1,554	149
Interest rate swaps	1,554	1,947
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities
Interest rate swaps
Interest rate swaps
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	201,880	227,708
Marketable equity securities	11,968	6,737
Interest rate swaps	1,554	149
Total assets	215,402	234,594
Interest rate swaps	1,554	1,947
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale
Marketable equity securities	11,968	6,737
Interest rate swaps
Total assets	11,968	6,737
Interest rate swaps
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	201,880	227,708
Marketable equity securities
Interest rate swaps	1,554	149
Total assets	203,434	227,857
Interest rate swaps	1,554	1,947
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale
Marketable equity securities
Interest rate swaps
Total assets
Interest rate swaps

The following table summarize_2

The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2020 and 2019. (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total losses	$ 13	$ 1,327
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 150	$ 1,836

The estimated fair values of ou

The estimated fair values of our financial instruments are as follows: (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets:
Cash and cash equivalents	$ 87,444	$ 24,741
Securities available-for-sale	201,880	227,708
Marketable equity securities	11,968	6,737
Federal Home Loan Bank of Boston and other restricted stock	5,160	14,477
Loans - net	1,900,750	1,729,150
Accrued interest receivable	8,477	5,313
Mortgage servicing rights	157	345
Derivative asset	1,554	149
Liabilities:
Deposits	2,040,293	1,679,851
Short-term borrowings		35,004
Long-term debt	57,945	205,850
Accrued interest payable	124	525
Derivative liabilities	1,554	1,947
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and cash equivalents	87,444	24,741
Securities available-for-sale
Marketable equity securities	11,968	6,737
Federal Home Loan Bank of Boston and other restricted stock
Loans - net
Accrued interest receivable
Mortgage servicing rights
Derivative asset
Liabilities:
Deposits
Short-term borrowings
Long-term debt
Accrued interest payable
Derivative liabilities
Fair Value, Inputs, Level 2 [Member]
Assets:
Cash and cash equivalents
Securities available-for-sale	201,880	227,708
Marketable equity securities
Federal Home Loan Bank of Boston and other restricted stock
Loans - net
Accrued interest receivable
Mortgage servicing rights	157	345
Derivative asset	1,554	149
Liabilities:
Deposits
Short-term borrowings		35,004
Long-term debt	57,945	205,850
Accrued interest payable
Derivative liabilities	1,554	1,947
Fair Value, Inputs, Level 3 [Member]
Assets:
Cash and cash equivalents
Securities available-for-sale
Marketable equity securities
Federal Home Loan Bank of Boston and other restricted stock	5,160	14,477
Loans - net	1,900,750	1,729,150
Accrued interest receivable	8,477	5,313
Mortgage servicing rights
Derivative asset
Liabilities:
Deposits	2,040,293	1,679,851
Short-term borrowings
Long-term debt
Accrued interest payable	124	525
Derivative liabilities
Reported Value Measurement [Member]
Assets:
Cash and cash equivalents	87,444	24,741
Securities available-for-sale	201,880	227,708
Marketable equity securities	11,968	6,737
Federal Home Loan Bank of Boston and other restricted stock	5,160	14,477
Loans - net	1,906,226	1,761,932
Accrued interest receivable	8,477	5,313
Mortgage servicing rights	153	219
Derivative asset	1,554	149
Liabilities:
Deposits	2,038,130	1,677,864
Short-term borrowings		35,000
Long-term debt	57,850	205,515
Accrued interest payable	124	525
Derivative liabilities	$ 1,554	$ 1,947

The condensed balance sheets of

The condensed balance sheets of the parent company are as follows: (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS:
Other assets	$ 18,756	$ 20,794
TOTAL ASSETS	2,365,886	2,181,476
LIABILITIES:
Other liabilities	43,106	31,073
EQUITY	226,640	232,024	$ 237,029	$ 247,281
TOTAL LIABILITIES AND EQUITY	2,365,886	2,181,476
Parent Company [Member]
ASSETS:
Cash equivalents	31	158
Investment in subsidiaries	214,042	219,476
ESOP loan receivable	5,030	5,717
Other assets	13,002	12,650
TOTAL ASSETS	232,105	238,001
LIABILITIES:
ESOP loan payable	5,030	5,717
Other liabilities	435	260
EQUITY	226,640	232,024
TOTAL LIABILITIES AND EQUITY	$ 232,105	$ 238,001

The condensed statements of net

The condensed statements of net income for the parent company are as follows: (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
OPERATING EXPENSE:
Salaries and employee benefits									$ 29,349	$ 27,654	$ 25,982
Income before equity in undistributed income of subsidiaries and income taxes	$ 6,419	$ 2,589	$ 2,484	$ 2,664	$ 4,425	$ 4,124	$ 4,228	$ 4,424	14,156	17,201	21,108
Income tax benefit	1,406	488	463	584	988	899	971	994	2,941	3,852	4,700
Net income	$ 5,013	$ 2,101	$ 2,021	$ 2,080	$ 3,437	$ 3,225	$ 3,257	$ 3,430	11,215	13,349	16,408
Parent Company [Member]
INCOME:
Dividends from subsidiaries									15,812	25,063	28,712
ESOP loan interest income									457	514	571
Other income									1	1	1
Total income									16,270	25,578	29,284
OPERATING EXPENSE:
Salaries and employee benefits									1,420	1,647	1,837
ESOP interest									457	514	571
Other expenses									406	352	286
Total operating expense									2,283	2,513	2,694
Income before equity in undistributed income of subsidiaries and income taxes									13,987	23,065	26,590
Equity in undistributed loss of subsidiaries									(3,123)	(10,203)	(10,717)
Net income before taxes									10,864	12,862	15,873
Income tax benefit									(351)	(487)	(535)
Net income									$ 11,215	$ 13,349	$ 16,408

The condensed statements of cas

The condensed statements of cash flows of the parent company are as follows: (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES:
Net income	$ 5,013	$ 2,101	$ 2,021	$ 2,080	$ 3,437	$ 3,225	$ 3,257	$ 3,430	$ 11,215	$ 13,349	$ 16,408
Change in other liabilities									3,887	2,310	1,811
Change in other assets									5,182	(7,204)	1,628
Net cash provided by operating activities									25,067	15,379	24,638
INVESTING ACTIVITIES:
Sales of securities									96,320	72,156	12,470
Net cash provided by investing activities									(123,557)	(48,080)	(45,745)
FINANCING ACTIVITIES:
Cash dividends paid									(5,037)	(5,274)	(4,641)
Common stock repurchased									(10,519)	(19,455)	(22,920)
Issuance of common stock in connection with stock option exercises									43	106	114
Net cash used in financing activities									161,193	30,653	20,764
Parent Company [Member]
OPERATING ACTIVITIES:
Net income									11,215	13,349	16,408
Equity in undistributed loss of subsidiaries									3,123	10,203	10,717
Change in other liabilities									(672)	(668)	(610)
Change in other assets									335	216	(919)
Other, net									1,385	1,607	1,805
Net cash provided by operating activities									15,386	24,707	27,401
INVESTING ACTIVITIES:
Purchase of securities									(122)	(140)	(127)
Sales of securities									122	140	127
Net cash provided by investing activities
FINANCING ACTIVITIES:
Cash dividends paid									(5,037)	(5,274)	(4,641)
Common stock repurchased									(10,519)	(19,455)	(22,920)
Issuance of common stock in connection with stock option exercises									43	106	114
Net cash used in financing activities									(15,513)	(24,623)	(27,447)
NET CHANGE IN CASH AND  CASH EQUIVALENTS									(127)	84	(46)
CASH AND CASH EQUIVALENTS
Beginning of year				$ 158				$ 74	158	74	120
End of year	$ 31				$ 158				31	158	74
Supplemental cash flow information:
Net change in due to broker for common stock repurchased									$ 160	$ (221)	$ (83)

The following tables present a

The following tables present a summary of our quarterly financial information for the periods indicated. (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2020		Sep. 30, 2020		Jun. 30, 2020		Mar. 31, 2020		Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Interest and dividend income	$ 21,708		$ 20,447		$ 20,330		$ 20,390		$ 21,037	$ 20,804	$ 20,215	$ 20,060	$ 82,875	$ 82,116	$ 78,990
Interest expense	2,913	[1]	4,457	[1]	5,238	[1]	5,837	[1]	6,113	6,276	6,014	5,734	18,445	24,137	18,978
Net interest and dividend income	18,795		15,990		15,092		14,553		14,924	14,528	14,201	14,326	64,430	57,979	60,012
Provision for loan losses	500		2,725		2,450		2,100		1,000	1,275	350	50	7,775	2,675	1,900
Gain (loss) on available-for-sale securities, net			1,929		13		23		(85)	49	(96)	35	1,965	(97)	(281)
Unrealized gains (losses) on marketable equity securities, net	(24)		(4)		35		102		(29)	45	79	70	109	165	(142)
Swap fee income	72		397				185		205	55	206	8
Other non-interest income	2,414		2,208		2,039		2,215		2,315	2,462	2,328	2,058
Non-interest income	2,462		2,177		2,087		2,525		2,406	2,611	2,517	2,171	9,251	9,705	9,233
Non-interest expense	14,338	[2]	12,853	[2]	12,245	[2]	12,314	[2]	11,905	11,740	12,140	12,023	51,750	47,808	46,237
Income before income taxes	6,419		2,589		2,484		2,664		4,425	4,124	4,228	4,424	14,156	17,201	21,108
Income tax provision	1,406		488		463		584		988	899	971	994	2,941	3,852	4,700
Net income	$ 5,013		$ 2,101		$ 2,021		$ 2,080		$ 3,437	$ 3,225	$ 3,257	$ 3,430	$ 11,215	$ 13,349	$ 16,408
Basic earnings per share	$ 0.20		$ 0.08		$ 0.08		$ 0.08		$ 0.13	$ 0.12	$ 0.13	$ 0.13	$ 0.45	$ 0.51	$ 0.57
Diluted earnings per share	$ 0.20		$ 0.08		$ 0.08		$ 0.08		$ 0.13	$ 0.12	$ 0.12	$ 0.13	$ 0.45	$ 0.51	$ 0.57
Decrease in interest expense on deposits	$ 933
Decrease in interest expense on FHLB Borrowings	611
Expense from early extinguishment of debt	987												$ 987
FHLB borrowings extinguished	$ 50,000
[1]	The decrease in interest expense for the three months ended December 31, 2020 was due to a decrease of $933,000 in interest expense on deposits and $611,000 in interest expense on FHLB borrowings, both resulting from repricing liabilities in the continued low-rate environment as well as the pay down of high-rate FHLB borrowings.
[2]	The increase in non-interest expense for the three months ended December 31, 2020 was primarily driven by a $987,000 expense resulting from the early extinguishment of $50.0 million in FHLB borrowings.