Western New England Bancorp (WNEB) 10-Q 6 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 02, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
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	01086
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 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 Common Stock, Shares Outstanding		22,642,038

CONSOLIDATED BALANCE SHEETS - U

CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 16,983	$ 15,233
Federal funds sold	2,456	4,901
Interest-bearing deposits and other short-term investments	43,459	83,322
Cash and cash equivalents	62,898	103,456
Available-for-sale securities, at fair value	173,910	194,352
Held-to-maturity securities, at amortized cost (Fair value of $220,279 and $219,748 at March 31, 2022 and December 31, 2021, respectively)	237,575	222,272
Marketable equity securities, at fair value	11,643	11,896
Federal Home Loan Bank of Boston stock and other restricted stock, at cost	2,594	2,594
Loans, net of allowance for loan losses of $19,308 at March, 31, 2022 and $19,787 at December 31, 2021	1,906,977	1,844,929
Premises and equipment, net	25,686	26,162
Accrued interest receivable	7,723	7,775
Bank-owned life insurance	73,343	72,895
Deferred tax asset, net	14,981	12,092
Goodwill	12,487	12,487
Core deposit intangible	2,469	2,563
Other assets	23,152	24,952
TOTAL ASSETS	2,555,438	2,538,425
Deposits:
Non-interest-bearing	630,208	641,284
Interest-bearing	1,647,956	1,615,614
Total deposits	2,278,164	2,256,898
Federal Home Loan Bank advances	1,686	2,653
Subordinated debt	19,643	19,633
Securities pending settlement	146
Other liabilities	36,736	35,553
TOTAL LIABILITIES	2,336,375	2,314,737
SHAREHOLDERS' EQUITY:
Preferred stock - $0.01 par value, 5,000,000 shares authorized, none outstanding at March 31, 2022  and December 31, 2021
Common stock - $0.01 par value, 75,000,000 shares authorized, 22,742,189 shares issued and outstanding at March 31, 2022; 22,656,515 shares issued and outstanding at December 31, 2021	227	227
Additional paid-in capital	133,459	132,821
Unearned compensation – Employee Stock Ownership Plan	(3,307)	(3,441)
Unearned compensation - Equity Incentive Plan	(1,943)	(981)
Retained earnings	111,358	107,376
Accumulated other comprehensive loss	(20,731)	(12,314)
TOTAL SHAREHOLDERS’ EQUITY	219,063	223,688
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,555,438	$ 2,538,425

CONSOLIDATED BALANCE SHEETS -_2

CONSOLIDATED BALANCE SHEETS - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Held-to-maturity securities, fair value	$ 220,279	$ 219,748
Loans, allowance for loan losses	$ 19,308	$ 19,787
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	22,742,189	22,656,515
Common stock, outstanding	22,742,189	22,656,515

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET INCOME - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest and dividend income:
Residential and commercial real estate loans	$ 15,343	$ 14,509
Commercial and industrial loans	2,544	4,542
Consumer loans	60	69
Debt securities, taxable	1,923	824
Debt securities, tax-exempt	3	3
Marketable equity securities	24	27
Other investments	25	35
Short-term investments	21	24
Total interest and dividend income	19,943	20,033
Interest expense:
Deposits	992	1,734
Long-term debt		273
Subordinated debt	253
Total interest expense	1,245	2,007
Net interest and dividend income	18,698	18,026
(Credit) provision for loan losses	(425)	75
Net interest and dividend income after (credit) provision for loan losses	19,123	17,951
Non-interest income:
Service charges and fees	2,174	1,883
Income from bank-owned life insurance	448	441
Loss on available-for-sale securities, net	(4)	(62)
Net unrealized loss on marketable equity securities	(276)	(89)
Gain on sale of mortgages	2	227
Gain on non-marketable equity investments		546
Other income	4	58
Total non-interest income	2,348	3,004
Non-interest expense:
Salaries and employees benefits	8,239	7,682
Occupancy	1,363	1,289
Furniture and equipment	543	490
Data processing	723	721
Professional fees	577	544
FDIC insurance assessment	286	298
Advertising	399	338
Other expenses	2,326	1,965
Total non-interest expense	14,456	13,327
Income before income taxes	7,015	7,628
Income tax provision	1,696	1,837
Net income	$ 5,319	$ 5,791
Earnings per common share:
Basic earnings per share	$ 0.24	$ 0.24
Weighted average shares outstanding	22,100,076	24,486,146
Diluted earnings per share	$ 0.24	$ 0.24
Weighted average diluted shares outstanding	22,172,909	24,543,554
Dividends per share	$ 0.06	$ 0.05

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net income		$ 5,319	$ 5,791
Unrealized losses on available-for-sale securities:
Unrealized holding losses		(11,468)	(4,469)
Reclassification adjustment for net losses realized in income	[1]	4	62
Unrealized losses		(11,464)	(4,407)
Tax effect		2,934	1,081
Net-of-tax amount		(8,530)	(3,326)
Cash flow hedges:
Reclassification adjustment for termination fee realized in interest expense			140
Tax effect			(39)
Net-of-tax amount			101
Defined benefit pension plan:
Amortization of defined benefit plans actuarial loss		158	234
Tax effect		(45)	(66)
Net-of-tax amount		113	168
Other comprehensive loss		(8,417)	(3,057)
Comprehensive (loss) income		$ (3,098)	$ 2,734
[1]	Realized gains and losses on available-for-sale securities are recognized as a component of non-interest income. The tax effects applicable to net realized gains and losses were $(1,000) and $(14,000) for the three months ended March 31, 2022 and 2021, respectively.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Income tax effects applicable to net realized gains and losses on available-for-sale securities	$ (1)	$ (14)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - UNAUDITED - 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, 2020	$ 253	$ 154,549	$ (3,997)	$ (1,240)	$ 88,354	$ (11,279)	$ 226,640
Beginning balance, shares at Dec. 31, 2020	25,276,193
Comprehensive income					5,791	(3,057)	2,734
Common stock held by ESOP committed to be released		8	139				147
Share-based compensation - equity incentive plan				231			231
Forfeited equity incentive plan shares reissued		(212)		212
Common stock repurchased	$ (7)	(5,770)					(5,777)
Common stock repurchased (in shares)	(711,635)
Issuance of common stock in connection with stock option exercises		113					113
Issuance of common stock in connection with stock option exercises (in shares)	19,400
Issuance of common stock in connection with equity incentive plan		162		(162)
Cash dividends declared and paid on common stock					(1,232)		(1,232)
Ending balance, value at Mar. 31, 2021	$ 246	148,850	(3,858)	(959)	92,913	(14,336)	222,856
Ending balance, shares at Mar. 31, 2021	24,583,958
Beginning balance, value at Dec. 31, 2021	$ 227	132,821	(3,441)	(981)	107,376	(12,314)	223,688
Beginning balance, shares at Dec. 31, 2021	22,656,515
Comprehensive income					5,319	(8,417)	(3,098)
Common stock held by ESOP committed to be released		45	134				179
Share-based compensation - equity incentive plan				301			301
Forfeited equity incentive plan shares (6,651 shares)		(57)		57
Forfeited equity incentive plan shares reissued		71		(71)
Common stock repurchased	$ (2)	(1,178)					(1,180)
Common stock repurchased (in shares)	(132,358)
Issuance of common stock in connection with stock option exercises	$ 1	509					510
Issuance of common stock in connection with stock option exercises (in shares)	80,881
Issuance of common stock in connection with equity incentive plan	$ 1	1,248		(1,249)
Issuance of common stock in connection with equity incentive plan (in shares)	137,151
Cash dividends declared and paid on common stock					(1,337)		(1,337)
Ending balance, value at Mar. 31, 2022	$ 227	$ 133,459	$ (3,307)	$ (1,943)	$ 111,358	$ (20,731)	$ 219,063
Ending balance, shares at Mar. 31, 2022	22,742,189

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - UNAUDITED (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Common stock held by ESOP committed to be released (shares)	78,526	81,893
Forfeited equity incentive plan shares (in shares)	6,651
Forfeited equity incentive plan shares reissued (shares)	7,289	19,154
Issuance of common stock in connection with equity incentive plan (in shares)		19,827
Cash dividends declared and paid on common stock (per share)	$ 0.06	$ 0.05

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,319	$ 5,791
Adjustments to reconcile net income to net cash provided by operating activities:
(Credit) provision for loan losses	(425)	75
Depreciation and amortization of premises and equipment	584	584
(Accretion) amortization of purchase accounting adjustments, net	(29)	55
Amortization of core deposit intangible	94	93
Net amortization of premiums and discounts on securities and mortgage loans	441	670
Net amortization of premiums on subordinated debt	10
Share-based compensation expense	301	231
ESOP expense	179	147
Gain on sale of mortgages		(227)
Principal balance of loans originated for sale	(277)
Principal balance of loans sold	277
Net loss on available-for-sale securities	4	62
Net change in unrealized loss on marketable equity securities	276	89
Income from bank-owned life insurance	(448)	(441)
Net change in:
Accrued interest receivable	52	(6)
Other assets	(954)	2,603
Other liabilities	1,661	1,276
Net cash provided by operating activities	7,065	11,002
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of held-to-maturity securities	(20,627)	(63,973)
Proceeds from calls, maturities and principal collections of held-to-maturity securities	5,190
Purchases of available-for-sale securities		(15,821)
Proceeds from sales and redemption of available-for-sale securities	20	14
Proceeds from calls, maturities, and principal collections of available-for-sale securities	8,630	17,163
Loan originations and principal payments, net	(61,603)	(5,205)
Redemption of Federal Home Loan Bank of Boston stock		668
Proceeds from sale of portfolio mortgages		7,801
Purchases of premises and equipment	(118)	(907)
Proceeds from payout on bank-owned life insurance	2,435
Net cash used in investing activities	(66,073)	(60,260)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	21,275	116,012
Repayment of long-term debt	(964)	(15,170)
Cash dividends paid on common stock	(1,337)	(1,232)
Common stock repurchased	(1,034)	(5,785)
Issuance of common stock in connection with stock option exercises	510	113
Net cash provided by financing activities	18,450	93,938
NET CHANGE IN CASH AND CASH EQUIVALENTS:	(40,558)	44,680
Beginning of period	103,456	87,444
End of period	62,898	132,124
Supplemental cash flow information:
Interest paid	1,267	2,046
Taxes paid	1,020	828
Net change in cash due to broker for common stock repurchased	$ 146	$ (8)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
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 Basis of Presentation These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2021, included in our Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”). Reclassifications

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2022
Earnings per common share:
EARNINGS PER SHARE	2. EARNINGS PER SHARE Basic earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. If rights to dividends on unvested awards are non-forfeitable, these unvested awards are considered outstanding in the computation of basic earnings per share. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by us relate to stock options and certain performance-based restricted stock awards and are determined using the treasury stock method. Unallocated Employee Stock Ownership Plan (“ESOP”) shares are not deemed outstanding for earnings per share calculations. There were no anti-dilutive shares outstanding during the three months ended March 31, 2022 and 2021. Earnings per common share for the three months ended March 31, 2022 and 2021 have been computed based on the following: Three Months Ended March 31, 2022 2021 (In thousands, except per share data) Net income applicable to common stock $ 5,319 $ 5,791 Average number of common shares issued 22,705 25,118 Less: Average unallocated ESOP Shares (445 ) (527 ) Less: Average unvested equity incentive plan shares (160 ) (105 ) Average number of common shares outstanding used to calculate basic earnings per common share 22,100 24,486 Effect of dilutive equity incentive plan 41 28 Effect of dilutive stock options 32 30 Average number of common shares outstanding used to calculate diluted earnings per common share 22,173 24,544 Basic earnings per share $ 0.24 $ 0.24 Diluted earnings per share $ 0.24 $ 0.24

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
COMPREHENSIVE INCOME (LOSS)	3. 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: March 31, 2022 December 31, 2021 (In thousands) Net unrealized losses on available-for-sale securities $ (16,149 ) $ (4,685 ) Tax effect 4,094 1,160 Net-of-tax amount (12,055 ) (3,525 ) Unrecognized actuarial loss on the defined benefit plan (12,067 ) (12,225 ) Tax effect 3,391 3,436 Net-of-tax amount (8,676 ) (8,789 ) Accumulated other comprehensive loss $ (20,731 ) $ (12,314 )

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	4. INVESTMENT SECURITIES Available-for-sale and held-to-maturity investment securities at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, 2022 Amortized Cost Gross Gross Fair Value (In thousands) Available-for-sale securities: Debt securities: Government-sponsored enterprise obligations $ 14,904 $ — $ (1,758 ) $ 13,146 State and municipal bonds 405 1 — 406 Corporate bonds 3,022 — (26 ) 2,996 Total debt securities 18,331 1 (1,784 ) 16,548 Mortgage-backed securities: Government-sponsored mortgage-backed securities 163,148 39 (13,489 ) 149,698 U.S. government guaranteed mortgage-backed securities 8,580 — (916 ) 7,664 Total mortgage-backed securities 171,728 39 (14,405 ) 157,362 Total available-for-sale 190,059 40 (16,189 ) 173,910 Held-to-maturity securities: Debt securities: U.S. Treasury securities 9,981 — (461 ) 9,520 Total debt securities 9,981 — (461 ) 9,520 Mortgage-backed securities: Government-sponsored mortgage-backed securities 227,594 — (16,835 ) 210,759 Total mortgage-backed securities 227,594 — (16,835 ) 210,759 Total held-to-maturity 237,575 — (17,296 ) 220,279 Total $ 427,634 $ 40 $ (33,485 ) $ 394,189 December 31, 2021 Amortized Cost Gross Gross Fair Value (In thousands) Available-for-sale securities: Debt securities: Government-sponsored enterprise obligations $ 14,902 $ — $ (676 ) $ 14,226 State and municipal bonds 405 1 — 406 Corporate bonds 3,026 86 — 3,112 Total debt securities 18,333 87 (676 ) 17,744 Mortgage-backed securities: Government-sponsored mortgage-backed securities 171,011 427 (3,929 ) 167,509 U.S. government guaranteed mortgage-backed securities 9,693 8 (602 ) 9,099 Total mortgage-backed securities 180,704 435 (4,531 ) 176,608 Total available-for-sale 199,037 522 (5,207 ) 194,352 Held-to-maturity securities: Debt securities: U.S. Treasury securities 9,979 — (6 ) 9,973 Total debt securities 9,979 — (6 ) 9,973 Mortgage-backed securities: Government-sponsored mortgage-backed securities 212,293 — (2,518 ) 209,775 Total mortgage-backed securities 212,293 — (2,518 ) 209,775 Total held-to-maturity 222,272 — (2,524 ) 219,748 Total $ 421,309 $ 522 $ (7,731 ) $ 414,100 At March 31, 2022, U.S. Treasury securities with a fair value of $ 4.7 8.8 55.4 The amortized cost and fair value of available-for-sale and held-to-maturity securities at March 31, 2022, by final maturity, are shown below. Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Debt securities: Due after one year through five years $ 3,427 $ 3,402 $ 9,981 $ 9,520 Due after five years through ten years 9,904 8,869 — — Due after ten years 5,000 4,277 — — Total debt securities 18,331 16,548 9,981 9,520 Mortgage-backed securities: Due after five years through ten years 1,901 1,823 — — Due after ten years 169,827 155,539 227,594 210,759 Total mortgage-backed securities 171,728 157,362 227,594 210,759 Total securities $ 190,059 $ 173,910 $ 237,575 $ 220,279 Gross realized gains and losses on sales of available-for-sale securities for the three months ended March 31, 2022 and 2021 are as follows: Three Months Ended March 31, 2022 2021 (In thousands) Gross gains realized $ — $ — Gross losses realized (4 ) (62 ) Net loss realized $ (4 ) $ (62 ) Proceeds from the sales and redemption of available-for-sale securities totaled $ 20,000 14,000 Information pertaining to securities with gross unrealized losses at March 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous loss position are as follows: March 31, 2022 Less Than Twelve Months Over Twelve Months Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) (Dollars in thousands) Available-for-sale: Government-sponsored mortgage-backed securities 39 $ 74,897 $ 5,877 7.3 % 27 $ 70,790 $ 7,612 9.7 % U.S. government guaranteed mortgage-backed securities 2 1,093 55 4.8 7 6,571 861 11.6 Government-sponsored enterprise obligations — — — — 3 13,146 1,758 11.8 Corporate Bonds 1 2,996 26 0.9 — — — Total available-for-sale 42 78,986 5,958 37 90,507 10,231 Held-to-maturity: U.S. Treasury securities 2 9,520 461 4.6 % — — — — % Government-sponsored mortgage-backed securities 33 198,246 15,523 7.3 2 12,513 1,312 9.5 Total held-to-maturity 35 207,766 15,984 2 12,513 1,312 Total 77 $ 286,752 $ 21,942 39 $ 103,020 $ 11,543 December 31, 2021 Less Than Twelve Months Over Twelve Months Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) (Dollars in thousands) Available-for-sale: Government-sponsored mortgage-backed securities 34 $ 105,221 $ 2,088 1.9 % 18 $ 42,506 $ 1,841 4.2 % U.S. government guaranteed mortgage-backed securities 2 2,426 142 5.5 5 5,107 460 8.3 Government-sponsored enterprise obligations — — — — 3 14,226 676 4.5 Total available-for-sale 36 107,647 2,230 26 61,839 2,977 Held-to-maturity: U.S. Treasury securities 2 9,973 6 0.1 % — — — — % Government-sponsored mortgage-backed securities 31 209,775 2,518 1.2 — — — — Total held-to-maturity 33 219,748 2,524 — — — Total 69 $ 327,395 $ 4,754 26 $ 61,839 $ 2,977 During the three months ended March 31, 2022 and year ended December 31, 2021, 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. Management attributed the unrealized losses at March 31, 2022 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. At March 31, 2022, the Company's corporate and municipal bond portfolios did not contain any securities rated below investment grade, as reported by major credit rating agencies.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	5. LOANS AND ALLOWANCE FOR LOAN LOSSES Major classifications of loans at the periods indicated were as follows: March 31, December 31, 2022 2021 (In thousands) Commercial real estate $ 1,039,487 $ 979,969 Residential real estate: Residential one-to-four family 564,339 552,332 Home equity 100,165 99,759 Total residential real estate 664,504 652,091 Commercial and industrial: Paycheck Protection Program (“PPP”) loans 6,052 25,329 Commercial and industrial 209,890 201,340 Total commercial and industrial 215,942 226,669 Consumer 4,252 4,250 Total gross loans 1,924,185 1,862,979 Unamortized PPP loan fees (255 ) (781 ) Unearned premiums and deferred loan fees and costs, net 2,355 2,518 Total loans, net 1,926,285 1,864,716 Allowance for loan losses (19,308 ) (19,787 ) Net loans $ 1,906,977 $ 1,844,929 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 with participating lenders, on a pro-rata basis, any gains or losses that may result from a borrower’s lack of compliance with contractual terms of the loan. At March 31, 2022 and December 31, 2021, the Company was servicing commercial loans participated out to various other institutions totaling $ 78.3 63.2 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 March 31, 2022, include weighted average prepayment speed for the portfolio using the Public Securities Association Standard Prepayment Model ( 122 9.02 0.25 83.63 277,000 7.6 2,000 227,000 At March 31, 2022 and December 31, 2021, the Company was servicing residential mortgage loans owned by investors totaling $ 85.5 88.2 53,000 24,000 A summary of the activity in the balances of mortgage servicing rights follows: Three Months Ended March 31, 2022 2021 (In thousands) Balance at the beginning of year: $ 693 $ 153 Capitalized mortgage servicing rights 2 48 Amortization (36 ) (15 ) Balance at the end of period $ 659 $ 186 Fair value at the end of period $ 813 $ 235 Loans are recorded at the principal amount outstanding, adjusted for charge-offs, unearned premiums and deferred loan fees and costs. Interest on loans is calculated using the effective yield method on daily balances of the principal amount outstanding and is credited to income on the accrual basis to the extent it is deemed collectable. Our general policy is to discontinue the accrual of interest when principal or interest payments are delinquent 90 days or more based on the contractual terms of the loan, or earlier if the loan is considered impaired. Any unpaid amounts previously accrued on these loans are reversed from income. Subsequent cash receipts are applied to the outstanding principal balance or to interest income if, in the judgment of management, collection of the principal balance is not in question. Loans are returned to accrual status when they become current as to both principal and interest and perform in accordance with contractual terms for a period of at least six months, reducing the concern as to the collectability of principal and interest. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income over the estimated average lives of the related loans. The allowance for loan losses is established through provisions for loan losses charged to expense. Loans are charged-off against the allowance when management believes that the collectability of the principal is unlikely. Subsequent recoveries, if any, are credited to the allowance. 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 nonperforming 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. There were no changes to the Company’s policies and procedures surrounding the allowance for loan losses during the three months ended March 31, 2022. In addition, during the year ended December 31, 2020, the Company determined that it was prudent to provide an allowance for loan losses related to the loan portfolio acquired on October 24, 2016 from Chicopee Bancorp, Inc. (“Chicopee”) due to the ongoing impacts and extended nature of the pandemic. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate 80 Commercial real estate . Commercial and industrial loans 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 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. 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, if any, reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. An analysis of changes in the allowance for loan losses by segment for the three months ended March 31, 2022 and 2021 is as follows: Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (In thousands) Balance at December 31, 2020 $ 13,020 $ 4,240 $ 3,630 $ 241 $ 26 $ 21,157 Provision (credit) 295 (135 ) (60 ) (13 ) (12 ) 75 Charge-offs — — (9 ) (24 ) — (33 ) Recoveries — 8 1 19 — 28 Balance at March 31, 2021 $ 13,315 $ 4,113 $ 3,562 $ 223 $ 14 $ 21,227 Balance at December 31, 2021 $ 12,970 $ 3,964 $ 2,643 $ 197 $ 13 $ 19,787 Provision (credit) (639 ) 90 89 27 8 (425 ) Charge-offs (37 ) (16 ) (7 ) (45 ) — (105 ) Recoveries — 30 1 20 — 51 Balance at March 31, 2022 $ 12,294 $ 4,068 $ 2,726 $ 199 $ 21 $ 19,308 The following table presents information pertaining to the allowance for loan losses by segment, excluding PPP loans, for the dates indicated: Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (In thousands) March 31, 2022 Amount of allowance for impaired loans $ — $ — $ — $ — $ — $ — Amount of allowance for non-impaired loans 12,294 4,068 2,726 199 21 19,308 Total allowance for loan losses $ 12,294 $ 4,068 $ 2,726 $ 199 $ 21 $ 19,308 Impaired loans $ 9,527 $ 2,976 $ 620 $ — $ — $ 13,123 Non-impaired loans 1,025,725 659,784 208,907 4,252 — 1,898,668 Impaired loans acquired with deteriorated credit quality 4,235 1,744 363 — — 6,342 Total loans $ 1,039,487 $ 664,504 $ 209,890 $ 4,252 $ — $ 1,918,133 December 31, 2021 Amount of allowance for impaired loans $ — $ — $ — $ — $ — $ — Amount of allowance for non-impaired loans 12,970 3,964 2,643 197 13 19,787 Total allowance for loan losses $ 12,970 $ 3,964 $ 2,643 $ 197 $ 13 $ 19,787 Impaired loans $ 9,601 $ 3,223 $ 699 $ 22 $ — $ 13,545 Non-impaired loans 965,577 647,098 200,271 4,228 — 1,817,174 Impaired loans acquired with deteriorated credit quality 4,791 1,770 370 — — 6,931 Total loans $ 979,969 $ 652,091 $ 201,340 $ 4,250 $ — $ 1,837,650 Past Due and Nonaccrual Loans. The following tables present an age analysis of past due loans, excluding PPP loans, as of the dates indicated: 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 Nonaccrual Loans (In thousands) March 31, 2022 Commercial real estate $ 301 $ — $ 436 $ 737 $ 1,038,750 $ 1,039,487 $ 660 Residential real estate: Residential 561 270 853 1,684 562,655 564,339 2,846 Home equity 230 — 88 318 99,847 100,165 112 Commercial and industrial 42 — 24 66 209,824 209,890 370 Consumer 3 — — 3 4,249 4,252 — Total loans $ 1,137 $ 270 $ 1,401 $ 2,808 $ 1,915,325 $ 1,918,133 $ 3,988 December 31, 2021 Commercial real estate $ 139 $ — $ 436 $ 575 $ 979,394 $ 979,969 $ 1,224 Residential real estate: Residential 787 41 507 1,335 550,997 552,332 3,214 Home equity 57 5 63 125 99,634 99,759 94 Commercial and industrial 58 10 22 90 201,250 201,340 410 Consumer 5 — 11 16 4,234 4,250 22 Total loans $ 1,046 $ 56 $ 1,039 $ 2,141 $ 1,835,509 $ 1,837,650 $ 4,964 Impaired Loans. The following is a summary of impaired loans by class: Three Months Ended At March 31, 2022 March 31, 2022 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized (In thousands) Impaired Loans (1) Commercial real estate $ 13,762 $ 14,907 $ — $ 14,078 $ 53 Residential real estate: Residential real estate 4,590 5,422 — 4,735 16 Home equity 130 153 — 121 1 Commercial and industrial 983 3,748 — 1,026 15 Consumer — — — 11 — Total impaired loans $ 19,465 $ 24,230 $ — $ 19,971 $ 85 Three Months Ended At December 31, 2021 March 31, 2021 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized (In thousands) Impaired Loans (1) Commercial real estate $ 14,392 $ 15,563 $ — $ 17,403 $ 108 Residential rea estate: Residential real estate 4,881 5,381 — 6,357 104 Home equity 112 136 — 143 4 Commercial and industrial 1,069 3,850 — 4,827 62 Consumer 22 37 — 26 — Total impaired loans $ 20,476 $ 24,967 $ — $ 28,756 $ 278 (1) Includes loans acquired with deteriorated credit quality and performing troubled debt restructurings. With the exception of loans acquired with deteriorated credit quality, the majority of impaired loans are included within the nonaccrual balances; however, not every loan on nonaccrual status has been designated as impaired. Impaired loans include loans that have been modified in a troubled debt restructuring (“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 nonaccrual status are applied to principal. There was no interest income recognized on nonaccrual impaired loans during the three months ended March 31, 2022 and March 31, 2021. 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. At March 31, 2022 and 2021, we had 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. Interest income recognized on impaired loans during the three months ended March 31, 2022 and 2021 pertained to performing TDRs and purchased impaired loans. 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. Nonperforming TDRs are included in nonperforming loans. There were no loan modifications classified as TDRs during the three months ended March 31, 2022 and 2021. During the three months ended March 31, 2022 and 2021, no TDRs defaulted (defined as 30 days or more past due) within 12 months of restructuring. There were no charge-offs on TDRs during the three months ended March 31, 2022 or 2021. Loans Acquired with Deteriorated Credit Quality. The following is a summary of loans acquired with deteriorated credit quality in the Chicopee acquisition. Contractual Required Payments Receivable Cash Expected To Be Collected Non- Accretable Discount Accretable Yield Loans Receivable (In thousands) Balance at December 31, 2021 $ 12,134 $ 9,430 $ 2,704 $ 2,499 $ 6,931 Collections (669 ) (639 ) (30 ) (50 ) (589 ) Dispositions (58 ) (58 ) — (58 ) — Balance at March 31, 2022 $ 11,407 $ 8,733 $ 2,674 $ 2,391 $ 6,342 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. Nonperforming 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 Special Mention Loans rated 6 Substandard Loans rated 7 Doubtful 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 loan 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 its 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) March 31, 2022 Pass (Rated 1 – 4) $ 973,892 $ 560,425 $ 99,891 $ 199,763 $ 4,232 $ 1,838,203 Special Mention (Rated 5) 47,729 — — 7,464 — 55,193 Substandard (Rated 6) 17,866 3,914 274 8,715 20 30,789 Total $ 1,039,487 $ 564,339 $ 100,165 $ 215,942 $ 4,252 $ 1,924,185 December 31, 2021 Pass (Rated 1 – 4) $ 913,063 $ 547,980 $ 99,503 $ 215,605 $ 4,228 $ 1,780,379 Special Mention (Rated 5) 48,765 — — 2,777 — 51,542 Substandard (Rated 6) 18,141 4,352 256 8,287 22 31,058 Total $ 979,969 $ 552,332 $ 99,759 $ 226,669 $ 4,250 $ 1,862,979

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	6. GOODWILL AND OTHER INTANGIBLES Goodwill. At March 31, 2022 and December 31, 2021, the Company’s goodwill was related to the acquisition of Chicopee in October 2016. There was no goodwill impairment recorded during the three months ended March 31, 2022 or the year ended December 31, 2021. Annually, or more frequently if events or changes in circumstances warrant such evaluation, the Company evaluates its goodwill for impairment. Core Deposit Intangible. In connection with the acquisition of Chicopee, the Bank recorded a core deposit intangible of $ 4.5 twelve years 94,000 93,000 375,000 594,000

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	7. SHARE-BASED COMPENSATION Stock Options. A summary of stock option activity for the three months ended March 31, 2022 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2021 177,881 $ 6.57 0.81 $ 388 Exercised (80,881 ) 6.29 0.43 211 Outstanding at March 31, 2022 97,000 $ 6.80 0.81 $ 206 Exercisable at March 31, 2022 97,000 $ 6.80 0.81 $ 206 Cash received for options exercised during the three months ended March 31, 2022 and 2021 was $ 510,000 113,000 Restricted Stock Awards. In May 2014, the Company’s shareholders approved the 2014 Omnibus Incentive Plan, a stock-based compensation plan (the “2014 RSA Plan”). Under the 2014 RSA Plan, up to 516,000 On an annual basis, the Compensation Committee (the “Committee”) approves long-term incentive awards out of the 2014 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 one In February 2019, 108,718 64,496 20,262 one year 44,234 three 44,222 three 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 44,222 40,003 60,009 In February 2020, 120,053 120,053 69,898 19,760 one year 50,138 three 50,155 50 three three 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 February 2021, 19,827 one In May 2021, the Company’s shareholders approved the 2021 Omnibus Incentive Plan, a stock-based compensation plan (the “2021 RSA Plan”). Under the 2021 RSA Plan, up to 700,000 In May 2021, 122,362 122,362 61,181 three 61,181 50 three three The threshold, target and stretch metrics under the 2021 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2021 5.63 % 6.25 % 7.50 % December 31, 2022 5.85 % 6.50 % 7.80 % December 31, 2023 6.08 % 6.75 % 8.10 % Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $ 1.58 $ 1.97 $ 2.36 In March 2022, 137,151 137,151 77,463 17,775 one year 59,688 three 59,688 50 three three The threshold, target and stretch metrics under the 2022 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2022 7.79 % 8.20 % 8.61 % December 31, 2023 7.93 % 8.35 % 8.77 % December 31, 2024 8.03 % 8.45 % 8.87 % Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $ 2.35 $ 2.61 $ 2.85 At March 31, 2022, there were 440,487 A summary of the status of restricted stock awards at March 31, 2022 and 2021 is presented below: Shares Weighted Average Grant Date Fair Value Balance at December 31, 2021 213,381 $ 8.91 Shares granted 144,440 9.14 Shares forfeited (6,651 ) 8.66 Shares vested (60,009 ) 9.77 Balance at March 31, 2022 291,161 $ 8.85 Shares Weighted Average Grant Date Fair Value Balance at December 31, 2020 178,766 $ 9.63 Shares granted 19,827 8.17 Shares forfeited (19,154 ) 11.05 Shares vested (27,727 ) 9.81 Balance at March 31, 2021 151,712 $ 9.23 We recorded total expense for restricted stock awards of $ 301,000 231,000

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS AND LONG-TERM DEBT	8. SHORT-TERM BORROWINGS AND LONG-TERM DEBT 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 March 31, 2022, the Bank had $ 464.1 The Company also has an available overnight Ideal Way line of credit with the FHLB of $ 9.5 The Company has an available line of credit of $ 5.7 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 consists of FHLB advances with an original maturity of one year or more. At March 31, 2022, we had $ 1.7 2.7

SUBORDINATED DEBT

SUBORDINATED DEBT	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
SUBORDINATED DEBT	9. SUBORDINATED DEBT On April 20, 2021, the Company completed an offering of $ 20 4.875 Unless earlier redeemed, the Notes mature on May 1, 2031 May 1, 2026 4.875 90-day average secured overnight financing rate 412 May 1, 2026 The Notes are presented net of issuance costs of $ 357,000 10,000

PENSION BENEFITS

PENSION BENEFITS	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
PENSION BENEFITS	10. PENSION BENEFITS We provide a defined benefit pension plan for eligible employees (the “Plan”). Employees must work a minimum of 1,000 The following table provides information regarding net pension benefit costs for the periods shown: Three Months Ended March 31, 2022 2021 (In thousands) Service cost $ 334 $ 454 Interest cost 313 295 Expected return on assets (427 ) (439 ) Amortization of actuarial loss 158 234 Net periodic pension cost $ 378 $ 544

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 and December 31, 2021: March 31, 2022 Notional Weighted Average Weighted Average Rate Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Non-hedging derivatives: Loan-level swaps – dealer counterparties $ 15,951 10.9 2.13 % 3.76 % $ 449 Loan-level swaps – borrower counterparties 15,951 10.9 3.76 % 2.13 % (449 ) Forward starting loan-level swaps - dealer counterparties 22,390 10.3 2,363 Forward starting loan-level swaps - borrower counterparties 22,390 10.3 (2,363 ) Total $ 76,682 $ 0 December 31, 2021 Notional Weighted Average Weighted Average Rate Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Non-hedging derivatives: Loan-level swaps – dealer counterparties $ 16,023 11.1 1.99 % 3.76 % $ (662 ) Loan-level swaps – borrower counterparties 16,023 11.1 3.76 % 1.99 % 662 Forward starting loan-level swaps - dealer counterparties 22,390 10.5 1,030 Forward starting loan-level swaps - borrower counterparties 22,390 10.5 (1,030 ) Total $ 76,826 $ 0 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 these objectives, 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 not designated as hedging instruments as well as our classification on the balance sheet as of March 31, 2022 and December 31, 2021. March 31, 2022 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 borrower counterparties $ 0 $ 2,812 Interest rate swap – with dealer counterparties 2,812 0 Total derivatives not designated as hedging instruments Other Assets $ 2,812 Other Liabilities $ 2,812 December 31, 2021 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 borrower counterparties $ 662 $ 1,030 Interest rate swap – with dealer counterparties 1,030 662 Total derivatives not designated as hedging instruments Other Assets $ 1,692 Other Liabilities $ 1,692 Effect of Derivative Instruments in the Consolidated Statements of Net Income and Changes in Shareholders’ Equity. There were gains or losses recognized in accumulated other comprehensive income during the three months ended March 31, 2021 or 2020. Amounts reported in accumulated other comprehensive loss related to cash flow hedge 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 Loss Reclassified from OCI into Expense (Effective Portion) Three Months Ended March 31, 2022 2021 Interest rate swaps $ 0 $ 140 As of December 31, 2021, the Company no longer has any outstanding cash flow hedges. 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 March 31, 2022, we had minimum collateral posting thresholds with certain of our derivative counterparties. As of March 31, 2022, we were not required to post collateral under these agreements because we did not have any derivatives in a liability position with those counterparties.

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	12. FAIR VALUE OF ASSETS AND LIABILITIES 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. Fair Value Hierarchy. We group our assets and liabilities that are measured at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. Level 1 Level 2 Level 3 Methods and assumptions for valuing our financial instruments measured at fair value on a recurring basis 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 Available-for-Sale. The securities measured at fair value in Level 1 are based on quoted market prices in an active exchange market. These securities include marketable equity securities and U.S. Treasury securities. All other securities are measured at fair value in Level 2 and are based on pricing models that consider standard input factors such as observable market data, benchmark yields, interest rate volatilities, broker/dealer quotes, credit spreads and new issue data. These securities include government-sponsored enterprise obligations, state and municipal obligations, residential mortgage-backed securities guaranteed and sponsored by the U.S. government or an agency thereof. Fair value measurements are obtained from a third-party pricing service and are not adjusted by management. Interest Rate Swaps. The valuation of our interest rate swaps is obtained from a third-party pricing service and is determined using a discounted cash flow analysis on the expected cash flows of each derivative. The pricing analysis is based on observable inputs for the contractual terms of the derivatives, including the period to maturity and interest rate curves. We have determined that the majority of the inputs used to value our interest rate derivatives fall within Level 2 of the fair value hierarchy. 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: March 31, 2022 Level 1 Level 2 Level 3 Total Assets: (In thousands) Securities available-for-sale $ — $ 173,910 $ — $ 173,910 Marketable equity securities 11,643 — — 11,643 Interest rate swaps — 2,812 — 2,812 Total assets $ 11,643 $ 176,722 $ — $ 188,365 Liabilities: Interest rate swaps $ — $ 2,812 $ — $ 2,812 December 31, 2021 Level 1 Level 2 Level 3 Total Assets: (In thousands) Securities available-for-sale $ — $ 194,352 $ — $ 194,352 Marketable equity securities 11,896 — — 11,896 Interest rate swaps — 1,692 — 1,692 Total assets $ 11,896 $ 196,044 $ — $ 207,940 Liabilities: Interest rate swaps $ — $ 1,692 $ — $ 1,692 Assets Measured at Fair Value on a Non-recurring Basis. We may also be required, from time to time, to measure certain other assets at fair value on a non-recurring basis in accordance with U.S. GAAP. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets. There were no assets measured at fair value on a non-recurring basis at March 31, 2022 or 2021. Summary of Fair Values of Financial Instruments. The estimated fair values of our financial instruments are as follows: March 31, 2022 Carrying Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 62,898 $ 62,898 $ — $ — $ 62,898 Securities held-to-maturity 237,575 9,520 210,759 — 220,279 Securities available-for-sale 173,910 — 173,910 — 173,910 Marketable equity securities 11,643 11,643 — — 11,643 Federal Home Loan Bank of Boston and other restricted stock 2,594 — — 2,594 2,594 Loans - net 1,906,977 — — 1,882,419 1,882,419 Accrued interest receivable 7,723 — — 7,723 7,723 Mortgage servicing rights 659 — 813 — 813 Derivative asset 2,812 — 2,812 — 2,812 Liabilities: Deposits 2,278,164 — — 2,275,572 2,275,572 Long-term debt 21,329 — 21,835 — 21,835 Accrued interest payable 168 — — 168 168 Derivative liabilities 2,812 — 2,812 — 2,812 December 31, 2021 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 103,456 $ 103,456 $ — $ — $ 103,456 Securities held-to-maturity 222,272 9,973 209,775 — 219,748 Securities available-for-sale 194,352 — 194,352 — 194,352 Marketable equity securities 11,896 11,896 — — 11,896 Federal Home Loan Bank of Boston and other restricted stock 2,594 — — 2,594 2,594 Loans - net 1,844,929 — — 1,838,045 1,838,045 Accrued interest receivable 7,775 — — 7,775 7,775 Mortgage servicing rights 693 — 739 — 739 Derivative asset 1,692 — 1,692 — 1,692 Liabilities: Deposits 2,256,898 — — 2,256,834 2,256,834 Long-term debt 22,286 — 23,099 — 23,099 Accrued interest payable 191 — — 191 191 Derivative liabilities 1,692 — 1,692 — 1,692

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2022
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	13. RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments—Credit Losses

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
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
Basis of Presentation	Basis of Presentation These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2021, included in our Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”).
Reclassifications	Reclassifications

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings per common share:
Earnings per common share for the three months ended March 31, 2022 and 2021 have been computed based on the following:	Earnings per common share for the three months ended March 31, 2022 and 2021 have been computed based on the following: Three Months Ended March 31, 2022 2021 (In thousands, except per share data) Net income applicable to common stock $ 5,319 $ 5,791 Average number of common shares issued 22,705 25,118 Less: Average unallocated ESOP Shares (445 ) (527 ) Less: Average unvested equity incentive plan shares (160 ) (105 ) Average number of common shares outstanding used to calculate basic earnings per common share 22,100 24,486 Effect of dilutive equity incentive plan 41 28 Effect of dilutive stock options 32 30 Average number of common shares outstanding used to calculate diluted earnings per common share 22,173 24,544 Basic earnings per share $ 0.24 $ 0.24 Diluted earnings per share $ 0.24 $ 0.24

COMPREHENSIVE INCOME (LOSS) (Ta

COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
The components of accumulated other comprehensive loss included in shareholders’ equity are as follows:	The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: March 31, 2022 December 31, 2021 (In thousands) Net unrealized losses on available-for-sale securities $ (16,149 ) $ (4,685 ) Tax effect 4,094 1,160 Net-of-tax amount (12,055 ) (3,525 ) Unrecognized actuarial loss on the defined benefit plan (12,067 ) (12,225 ) Tax effect 3,391 3,436 Net-of-tax amount (8,676 ) (8,789 ) Accumulated other comprehensive loss $ (20,731 ) $ (12,314 )

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Available-for-sale and held-to-maturity investment securities at March 31, 2022 and December 31, 2021 are summarized as follows:	Available-for-sale and held-to-maturity investment securities at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, 2022 Amortized Cost Gross Gross Fair Value (In thousands) Available-for-sale securities: Debt securities: Government-sponsored enterprise obligations $ 14,904 $ — $ (1,758 ) $ 13,146 State and municipal bonds 405 1 — 406 Corporate bonds 3,022 — (26 ) 2,996 Total debt securities 18,331 1 (1,784 ) 16,548 Mortgage-backed securities: Government-sponsored mortgage-backed securities 163,148 39 (13,489 ) 149,698 U.S. government guaranteed mortgage-backed securities 8,580 — (916 ) 7,664 Total mortgage-backed securities 171,728 39 (14,405 ) 157,362 Total available-for-sale 190,059 40 (16,189 ) 173,910 Held-to-maturity securities: Debt securities: U.S. Treasury securities 9,981 — (461 ) 9,520 Total debt securities 9,981 — (461 ) 9,520 Mortgage-backed securities: Government-sponsored mortgage-backed securities 227,594 — (16,835 ) 210,759 Total mortgage-backed securities 227,594 — (16,835 ) 210,759 Total held-to-maturity 237,575 — (17,296 ) 220,279 Total $ 427,634 $ 40 $ (33,485 ) $ 394,189 December 31, 2021 Amortized Cost Gross Gross Fair Value (In thousands) Available-for-sale securities: Debt securities: Government-sponsored enterprise obligations $ 14,902 $ — $ (676 ) $ 14,226 State and municipal bonds 405 1 — 406 Corporate bonds 3,026 86 — 3,112 Total debt securities 18,333 87 (676 ) 17,744 Mortgage-backed securities: Government-sponsored mortgage-backed securities 171,011 427 (3,929 ) 167,509 U.S. government guaranteed mortgage-backed securities 9,693 8 (602 ) 9,099 Total mortgage-backed securities 180,704 435 (4,531 ) 176,608 Total available-for-sale 199,037 522 (5,207 ) 194,352 Held-to-maturity securities: Debt securities: U.S. Treasury securities 9,979 — (6 ) 9,973 Total debt securities 9,979 — (6 ) 9,973 Mortgage-backed securities: Government-sponsored mortgage-backed securities 212,293 — (2,518 ) 209,775 Total mortgage-backed securities 212,293 — (2,518 ) 209,775 Total held-to-maturity 222,272 — (2,524 ) 219,748 Total $ 421,309 $ 522 $ (7,731 ) $ 414,100
The amortized cost and fair value of available-for-sale and held-to-maturity securities at March 31, 2022, by final maturity, are shown below.	The amortized cost and fair value of available-for-sale and held-to-maturity securities at March 31, 2022, by final maturity, are shown below. Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Debt securities: Due after one year through five years $ 3,427 $ 3,402 $ 9,981 $ 9,520 Due after five years through ten years 9,904 8,869 — — Due after ten years 5,000 4,277 — — Total debt securities 18,331 16,548 9,981 9,520 Mortgage-backed securities: Due after five years through ten years 1,901 1,823 — — Due after ten years 169,827 155,539 227,594 210,759 Total mortgage-backed securities 171,728 157,362 227,594 210,759 Total securities $ 190,059 $ 173,910 $ 237,575 $ 220,279
Gross realized gains and losses on sales of available-for-sale securities for the three months ended March 31, 2022 and 2021 are as follows:	Gross realized gains and losses on sales of available-for-sale securities for the three months ended March 31, 2022 and 2021 are as follows: Three Months Ended March 31, 2022 2021 (In thousands) Gross gains realized $ — $ — Gross losses realized (4 ) (62 ) Net loss realized $ (4 ) $ (62 )
Information pertaining to securities with gross unrealized losses at March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous loss position are as follows: March 31, 2022 Less Than Twelve Months Over Twelve Months Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) (Dollars in thousands) Available-for-sale: Government-sponsored mortgage-backed securities 39 $ 74,897 $ 5,877 7.3 % 27 $ 70,790 $ 7,612 9.7 % U.S. government guaranteed mortgage-backed securities 2 1,093 55 4.8 7 6,571 861 11.6 Government-sponsored enterprise obligations — — — — 3 13,146 1,758 11.8 Corporate Bonds 1 2,996 26 0.9 — — — Total available-for-sale 42 78,986 5,958 37 90,507 10,231 Held-to-maturity: U.S. Treasury securities 2 9,520 461 4.6 % — — — — % Government-sponsored mortgage-backed securities 33 198,246 15,523 7.3 2 12,513 1,312 9.5 Total held-to-maturity 35 207,766 15,984 2 12,513 1,312 Total 77 $ 286,752 $ 21,942 39 $ 103,020 $ 11,543 December 31, 2021 Less Than Twelve Months Over Twelve Months Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) (Dollars in thousands) Available-for-sale: Government-sponsored mortgage-backed securities 34 $ 105,221 $ 2,088 1.9 % 18 $ 42,506 $ 1,841 4.2 % U.S. government guaranteed mortgage-backed securities 2 2,426 142 5.5 5 5,107 460 8.3 Government-sponsored enterprise obligations — — — — 3 14,226 676 4.5 Total available-for-sale 36 107,647 2,230 26 61,839 2,977 Held-to-maturity: U.S. Treasury securities 2 9,973 6 0.1 % — — — — % Government-sponsored mortgage-backed securities 31 209,775 2,518 1.2 — — — — Total held-to-maturity 33 219,748 2,524 — — — Total 69 $ 327,395 $ 4,754 26 $ 61,839 $ 2,977

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Major classifications of loans at the periods indicated were as follows:	Major classifications of loans at the periods indicated were as follows: March 31, December 31, 2022 2021 (In thousands) Commercial real estate $ 1,039,487 $ 979,969 Residential real estate: Residential one-to-four family 564,339 552,332 Home equity 100,165 99,759 Total residential real estate 664,504 652,091 Commercial and industrial: Paycheck Protection Program (“PPP”) loans 6,052 25,329 Commercial and industrial 209,890 201,340 Total commercial and industrial 215,942 226,669 Consumer 4,252 4,250 Total gross loans 1,924,185 1,862,979 Unamortized PPP loan fees (255 ) (781 ) Unearned premiums and deferred loan fees and costs, net 2,355 2,518 Total loans, net 1,926,285 1,864,716 Allowance for loan losses (19,308 ) (19,787 ) Net loans $ 1,906,977 $ 1,844,929
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: Three Months Ended March 31, 2022 2021 (In thousands) Balance at the beginning of year: $ 693 $ 153 Capitalized mortgage servicing rights 2 48 Amortization (36 ) (15 ) Balance at the end of period $ 659 $ 186 Fair value at the end of period $ 813 $ 235
An analysis of changes in the allowance for loan losses by segment for the three months ended March 31, 2022 and 2021 is as follows:	An analysis of changes in the allowance for loan losses by segment for the three months ended March 31, 2022 and 2021 is as follows: Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (In thousands) Balance at December 31, 2020 $ 13,020 $ 4,240 $ 3,630 $ 241 $ 26 $ 21,157 Provision (credit) 295 (135 ) (60 ) (13 ) (12 ) 75 Charge-offs — — (9 ) (24 ) — (33 ) Recoveries — 8 1 19 — 28 Balance at March 31, 2021 $ 13,315 $ 4,113 $ 3,562 $ 223 $ 14 $ 21,227 Balance at December 31, 2021 $ 12,970 $ 3,964 $ 2,643 $ 197 $ 13 $ 19,787 Provision (credit) (639 ) 90 89 27 8 (425 ) Charge-offs (37 ) (16 ) (7 ) (45 ) — (105 ) Recoveries — 30 1 20 — 51 Balance at March 31, 2022 $ 12,294 $ 4,068 $ 2,726 $ 199 $ 21 $ 19,308
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 Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (In thousands) March 31, 2022 Amount of allowance for impaired loans $ — $ — $ — $ — $ — $ — Amount of allowance for non-impaired loans 12,294 4,068 2,726 199 21 19,308 Total allowance for loan losses $ 12,294 $ 4,068 $ 2,726 $ 199 $ 21 $ 19,308 Impaired loans $ 9,527 $ 2,976 $ 620 $ — $ — $ 13,123 Non-impaired loans 1,025,725 659,784 208,907 4,252 — 1,898,668 Impaired loans acquired with deteriorated credit quality 4,235 1,744 363 — — 6,342 Total loans $ 1,039,487 $ 664,504 $ 209,890 $ 4,252 $ — $ 1,918,133 December 31, 2021 Amount of allowance for impaired loans $ — $ — $ — $ — $ — $ — Amount of allowance for non-impaired loans 12,970 3,964 2,643 197 13 19,787 Total allowance for loan losses $ 12,970 $ 3,964 $ 2,643 $ 197 $ 13 $ 19,787 Impaired loans $ 9,601 $ 3,223 $ 699 $ 22 $ — $ 13,545 Non-impaired loans 965,577 647,098 200,271 4,228 — 1,817,174 Impaired loans acquired with deteriorated credit quality 4,791 1,770 370 — — 6,931 Total loans $ 979,969 $ 652,091 $ 201,340 $ 4,250 $ — $ 1,837,650
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: 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 Nonaccrual Loans (In thousands) March 31, 2022 Commercial real estate $ 301 $ — $ 436 $ 737 $ 1,038,750 $ 1,039,487 $ 660 Residential real estate: Residential 561 270 853 1,684 562,655 564,339 2,846 Home equity 230 — 88 318 99,847 100,165 112 Commercial and industrial 42 — 24 66 209,824 209,890 370 Consumer 3 — — 3 4,249 4,252 — Total loans $ 1,137 $ 270 $ 1,401 $ 2,808 $ 1,915,325 $ 1,918,133 $ 3,988 December 31, 2021 Commercial real estate $ 139 $ — $ 436 $ 575 $ 979,394 $ 979,969 $ 1,224 Residential real estate: Residential 787 41 507 1,335 550,997 552,332 3,214 Home equity 57 5 63 125 99,634 99,759 94 Commercial and industrial 58 10 22 90 201,250 201,340 410 Consumer 5 — 11 16 4,234 4,250 22 Total loans $ 1,046 $ 56 $ 1,039 $ 2,141 $ 1,835,509 $ 1,837,650 $ 4,964
The following is a summary of impaired loans by class:	The following is a summary of impaired loans by class: Three Months Ended At March 31, 2022 March 31, 2022 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized (In thousands) Impaired Loans (1) Commercial real estate $ 13,762 $ 14,907 $ — $ 14,078 $ 53 Residential real estate: Residential real estate 4,590 5,422 — 4,735 16 Home equity 130 153 — 121 1 Commercial and industrial 983 3,748 — 1,026 15 Consumer — — — 11 — Total impaired loans $ 19,465 $ 24,230 $ — $ 19,971 $ 85 Three Months Ended At December 31, 2021 March 31, 2021 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized (In thousands) Impaired Loans (1) Commercial real estate $ 14,392 $ 15,563 $ — $ 17,403 $ 108 Residential rea estate: Residential real estate 4,881 5,381 — 6,357 104 Home equity 112 136 — 143 4 Commercial and industrial 1,069 3,850 — 4,827 62 Consumer 22 37 — 26 — Total impaired loans $ 20,476 $ 24,967 $ — $ 28,756 $ 278 (1) Includes loans acquired with deteriorated credit quality and performing troubled debt restructurings.
The following is a summary of loans acquired with deteriorated credit quality in the Chicopee acquisition.	The following is a summary of loans acquired with deteriorated credit quality in the Chicopee acquisition. Contractual Required Payments Receivable Cash Expected To Be Collected Non- Accretable Discount Accretable Yield Loans Receivable (In thousands) Balance at December 31, 2021 $ 12,134 $ 9,430 $ 2,704 $ 2,499 $ 6,931 Collections (669 ) (639 ) (30 ) (50 ) (589 ) Dispositions (58 ) (58 ) — (58 ) — Balance at March 31, 2022 $ 11,407 $ 8,733 $ 2,674 $ 2,391 $ 6,342
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) March 31, 2022 Pass (Rated 1 – 4) $ 973,892 $ 560,425 $ 99,891 $ 199,763 $ 4,232 $ 1,838,203 Special Mention (Rated 5) 47,729 — — 7,464 — 55,193 Substandard (Rated 6) 17,866 3,914 274 8,715 20 30,789 Total $ 1,039,487 $ 564,339 $ 100,165 $ 215,942 $ 4,252 $ 1,924,185 December 31, 2021 Pass (Rated 1 – 4) $ 913,063 $ 547,980 $ 99,503 $ 215,605 $ 4,228 $ 1,780,379 Special Mention (Rated 5) 48,765 — — 2,777 — 51,542 Substandard (Rated 6) 18,141 4,352 256 8,287 22 31,058 Total $ 979,969 $ 552,332 $ 99,759 $ 226,669 $ 4,250 $ 1,862,979

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
A summary of stock option activity for the three months ended March 31, 2022 is presented below:	A summary of stock option activity for the three months ended March 31, 2022 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2021 177,881 $ 6.57 0.81 $ 388 Exercised (80,881 ) 6.29 0.43 211 Outstanding at March 31, 2022 97,000 $ 6.80 0.81 $ 206 Exercisable at March 31, 2022 97,000 $ 6.80 0.81 $ 206
The threshold, target and stretch metrics under the 2019 grants are as follows:	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 %
The threshold, target and stretch metrics under the 2020 grants are as follows:	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
The threshold, target and stretch metrics under the 2021 grants are as follows:	The threshold, target and stretch metrics under the 2021 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2021 5.63 % 6.25 % 7.50 % December 31, 2022 5.85 % 6.50 % 7.80 % December 31, 2023 6.08 % 6.75 % 8.10 % Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $ 1.58 $ 1.97 $ 2.36
The threshold, target and stretch metrics under the 2022 grants are as follows:	The threshold, target and stretch metrics under the 2022 grants are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2022 7.79 % 8.20 % 8.61 % December 31, 2023 7.93 % 8.35 % 8.77 % December 31, 2024 8.03 % 8.45 % 8.87 % Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $ 2.35 $ 2.61 $ 2.85
A summary of the status of restricted stock awards at March 31, 2022 and 2021 is presented below:	A summary of the status of restricted stock awards at March 31, 2022 and 2021 is presented below: Shares Weighted Average Grant Date Fair Value Balance at December 31, 2021 213,381 $ 8.91 Shares granted 144,440 9.14 Shares forfeited (6,651 ) 8.66 Shares vested (60,009 ) 9.77 Balance at March 31, 2022 291,161 $ 8.85 Shares Weighted Average Grant Date Fair Value Balance at December 31, 2020 178,766 $ 9.63 Shares granted 19,827 8.17 Shares forfeited (19,154 ) 11.05 Shares vested (27,727 ) 9.81 Balance at March 31, 2021 151,712 $ 9.23

PENSION BENEFITS (Tables)

PENSION BENEFITS (Tables)	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
The following table provides information regarding net pension benefit costs for the periods shown:	The following table provides information regarding net pension benefit costs for the periods shown: Three Months Ended March 31, 2022 2021 (In thousands) Service cost $ 334 $ 454 Interest cost 313 295 Expected return on assets (427 ) (439 ) Amortization of actuarial loss 158 234 Net periodic pension cost $ 378 $ 544

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
The following table presents information about interest rate swaps at March 31, 2022 and December 31, 2021:	The following table presents information about interest rate swaps at March 31, 2022 and December 31, 2021: March 31, 2022 Notional Weighted Average Weighted Average Rate Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Non-hedging derivatives: Loan-level swaps – dealer counterparties $ 15,951 10.9 2.13 % 3.76 % $ 449 Loan-level swaps – borrower counterparties 15,951 10.9 3.76 % 2.13 % (449 ) Forward starting loan-level swaps - dealer counterparties 22,390 10.3 2,363 Forward starting loan-level swaps - borrower counterparties 22,390 10.3 (2,363 ) Total $ 76,682 $ 0 December 31, 2021 Notional Weighted Average Weighted Average Rate Fair Amount Maturity Receive Pay Value (In thousands) (In years) (In thousands) Non-hedging derivatives: Loan-level swaps – dealer counterparties $ 16,023 11.1 1.99 % 3.76 % $ (662 ) Loan-level swaps – borrower counterparties 16,023 11.1 3.76 % 1.99 % 662 Forward starting loan-level swaps - dealer counterparties 22,390 10.5 1,030 Forward starting loan-level swaps - borrower counterparties 22,390 10.5 (1,030 ) Total $ 76,826 $ 0
The table below presents the fair value of our derivative financial instruments not designated as hedging instruments as well as our classification on the balance sheet as of March 31, 2022 and December 31, 2021.	The table below presents the fair value of our derivative financial instruments not designated as hedging instruments as well as our classification on the balance sheet as of March 31, 2022 and December 31, 2021. March 31, 2022 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 borrower counterparties $ 0 $ 2,812 Interest rate swap – with dealer counterparties 2,812 0 Total derivatives not designated as hedging instruments Other Assets $ 2,812 Other Liabilities $ 2,812 December 31, 2021 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 borrower counterparties $ 662 $ 1,030 Interest rate swap – with dealer counterparties 1,030 662 Total derivatives not designated as hedging instruments Other Assets $ 1,692 Other Liabilities $ 1,692
The table below presents the amount reclassified from accumulated other comprehensive loss into net income for interest rate swaps and termination fees:	Amounts reported in accumulated other comprehensive loss related to cash flow hedge 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 Loss Reclassified from OCI into Expense (Effective Portion) Three Months Ended March 31, 2022 2021 Interest rate swaps $ 0 $ 140

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2022
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: March 31, 2022 Level 1 Level 2 Level 3 Total Assets: (In thousands) Securities available-for-sale $ — $ 173,910 $ — $ 173,910 Marketable equity securities 11,643 — — 11,643 Interest rate swaps — 2,812 — 2,812 Total assets $ 11,643 $ 176,722 $ — $ 188,365 Liabilities: Interest rate swaps $ — $ 2,812 $ — $ 2,812 December 31, 2021 Level 1 Level 2 Level 3 Total Assets: (In thousands) Securities available-for-sale $ — $ 194,352 $ — $ 194,352 Marketable equity securities 11,896 — — 11,896 Interest rate swaps — 1,692 — 1,692 Total assets $ 11,896 $ 196,044 $ — $ 207,940 Liabilities: Interest rate swaps $ — $ 1,692 $ — $ 1,692
The estimated fair values of our financial instruments are as follows:	The estimated fair values of our financial instruments are as follows: March 31, 2022 Carrying Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 62,898 $ 62,898 $ — $ — $ 62,898 Securities held-to-maturity 237,575 9,520 210,759 — 220,279 Securities available-for-sale 173,910 — 173,910 — 173,910 Marketable equity securities 11,643 11,643 — — 11,643 Federal Home Loan Bank of Boston and other restricted stock 2,594 — — 2,594 2,594 Loans - net 1,906,977 — — 1,882,419 1,882,419 Accrued interest receivable 7,723 — — 7,723 7,723 Mortgage servicing rights 659 — 813 — 813 Derivative asset 2,812 — 2,812 — 2,812 Liabilities: Deposits 2,278,164 — — 2,275,572 2,275,572 Long-term debt 21,329 — 21,835 — 21,835 Accrued interest payable 168 — — 168 168 Derivative liabilities 2,812 — 2,812 — 2,812 December 31, 2021 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash and cash equivalents $ 103,456 $ 103,456 $ — $ — $ 103,456 Securities held-to-maturity 222,272 9,973 209,775 — 219,748 Securities available-for-sale 194,352 — 194,352 — 194,352 Marketable equity securities 11,896 11,896 — — 11,896 Federal Home Loan Bank of Boston and other restricted stock 2,594 — — 2,594 2,594 Loans - net 1,844,929 — — 1,838,045 1,838,045 Accrued interest receivable 7,775 — — 7,775 7,775 Mortgage servicing rights 693 — 739 — 739 Derivative asset 1,692 — 1,692 — 1,692 Liabilities: Deposits 2,256,898 — — 2,256,834 2,256,834 Long-term debt 22,286 — 23,099 — 23,099 Accrued interest payable 191 — — 191 191 Derivative liabilities 1,692 — 1,692 — 1,692

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Mar. 31, 2022N
Accounting Policies [Abstract]
Number of banking offices in which bank operates	25

Earnings per common share for t

Earnings per common share for the three months ended March 31, 2022 and 2021 have been computed based on the following: (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings per common share:
Net income applicable to common stock	$ 5,319	$ 5,791
Average number of common shares issued	22,705	25,118
Less: Average unallocated ESOP Shares	(445)	(527)
Less: Average unvested equity incentive plan shares	(160)	(105)
Average number of common shares outstanding used to calculate basic earnings per common share	22,100	24,486
Effect of dilutive equity incentive plan	41	28
Effect of dilutive stock options	32	30
Average number of common shares outstanding used to calculate diluted earnings per common share	22,173	24,544
Basic earnings per share	$ 0.24	$ 0.24
Diluted earnings per share	$ 0.24	$ 0.24

The components of accumulated o

The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax amount	$ (20,731)	$ (12,314)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, before tax	(16,149)	(4,685)
Tax effect	4,094	1,160
Accumulated other comprehensive loss, net of tax amount	(12,055)	(3,525)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, before tax	(12,067)	(12,225)
Tax effect	3,391	3,436
Accumulated other comprehensive loss, net of tax amount	$ (8,676)	$ (8,789)

Available-for-sale and held-to-

Available-for-sale and held-to-maturity investment securities at March 31, 2022 and December 31, 2021 are summarized as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	$ 190,059	$ 199,037
Available-for-sale securities, gross unrealized gains	40	522
Available-for-sale securities, gross unrealized losses	(16,189)	(5,207)
Available-for-sale securities, at fair value	173,910	194,352
Held-to-maturity securities, amortized cost	237,575	222,272
Held-to-maturity securities, gross unrealized losses	(17,296)	(2,524)
Held-to-maturity securities, fair value	220,279	219,748
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain
Total, amortized cost	427,634	421,309
Total, gross unrealized gains	40	522
Total, gross unrealized losses	(33,485)	(7,731)
Total, fair value	394,189	414,100
Government-sponsored enterprise obligations [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	14,904	14,902
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses	(1,758)	(676)
Available-for-sale securities, at fair value	13,146	14,226
State and Municipal Bonds [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	405	405
Available-for-sale securities, gross unrealized gains	1	1
Available-for-sale securities, gross unrealized losses
Available-for-sale securities, at fair value	406	406
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	3,022	3,026
Available-for-sale securities, gross unrealized gains		86
Available-for-sale securities, gross unrealized losses	(26)
Available-for-sale securities, at fair value	2,996	3,112
Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	18,331	18,333
Available-for-sale securities, gross unrealized gains	1	87
Available-for-sale securities, gross unrealized losses	(1,784)	(676)
Available-for-sale securities, at fair value	16,548	17,744
Held-to-maturity securities, amortized cost	9,981	9,979
Held-to-maturity securities, gross unrealized losses	(461)	(6)
Held-to-maturity securities, fair value	9,520	9,973
Government-sponsored mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	163,148	171,011
Available-for-sale securities, gross unrealized gains	39	427
Available-for-sale securities, gross unrealized losses	(13,489)	(3,929)
Available-for-sale securities, at fair value	149,698	167,509
Held-to-maturity securities, amortized cost	227,594	212,293
Held-to-maturity securities, gross unrealized losses	(16,835)	(2,518)
Held-to-maturity securities, fair value	210,759	209,775
U.S. government guaranteed mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	8,580	9,693
Available-for-sale securities, gross unrealized gains		8
Available-for-sale securities, gross unrealized losses	(916)	(602)
Available-for-sale securities, at fair value	7,664	9,099
Collateralized Mortgage Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	171,728	180,704
Available-for-sale securities, gross unrealized gains	39	435
Available-for-sale securities, gross unrealized losses	(14,405)	(4,531)
Available-for-sale securities, at fair value	157,362	176,608
Held-to-maturity securities, amortized cost	227,594	212,293
Held-to-maturity securities, gross unrealized losses	(16,835)	(2,518)
Held-to-maturity securities, fair value	210,759	209,775
US Treasury Securities [Member]
Marketable Securities [Line Items]
Held-to-maturity securities, amortized cost	9,981	9,979
Held-to-maturity securities, gross unrealized losses	(461)	(6)
Held-to-maturity securities, fair value	$ 9,520	$ 9,973

The amortized cost and fair val

The amortized cost and fair value of available-for-sale and held-to-maturity securities at March 31, 2022, by final maturity, are shown below. (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Amortized cost, available for sale	$ 190,059	$ 199,037
Fair value, available for sale	173,910	194,352
Amortized cost, held to maturity	237,575	222,272
Fair value, held to maturity	220,279	219,748
Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, due after one year through five years, amortized cost	3,427
Available-for-sale securities, due after one year through five years, fair value	3,402
Held-to-maturity securities, due after one year through five years, amortized cost	9,981
Held-to-maturity securities, due after one year through five years, fair value	9,520
Available-for-sale securities, due after five years through ten years, amortized cost	9,904
Available-for-sale securities, due after five years through ten years, fair value	8,869
Held-to-maturity securities, due after five years through ten years, amortized cost
Held-to-maturity securities, due after five years through ten years, fair value
Available-for-sale securities, due after ten years, amortized cost	5,000
Available-for-sale securities, due after ten years, fair value	4,277
Held-to-maturity securities, due after ten years, amortized cost
Held-to-maturity securities, due after ten years, fair value
Amortized cost, available for sale	18,331	18,333
Fair value, available for sale	16,548	17,744
Amortized cost, held to maturity	9,981	9,979
Fair value, held to maturity	9,520	9,973
Collateralized Mortgage Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, due after five years through ten years, amortized cost	1,901
Available-for-sale securities, due after five years through ten years, fair value	1,823
Held-to-maturity securities, due after five years through ten years, amortized cost
Held-to-maturity securities, due after five years through ten years, fair value
Available-for-sale securities, due after ten years, amortized cost	169,827
Available-for-sale securities, due after ten years, fair value	155,539
Held-to-maturity securities, due after ten years, amortized cost	227,594
Held-to-maturity securities, due after ten years, fair value	210,759
Amortized cost, available for sale	171,728	180,704
Fair value, available for sale	157,362	176,608
Amortized cost, held to maturity	227,594	212,293
Fair value, held to maturity	$ 210,759	$ 209,775

Gross realized gains and losses

Gross realized gains and losses on sales of available-for-sale securities for the three months ended March 31, 2022 and 2021 are as follows: (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Gross gains realized
Gross losses realized	(4)	(62)
Net loss realized	$ (4)	$ (62)

Information pertaining to secur

Information pertaining to securities with gross unrealized losses at March 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous loss position are as follows: (Details) $ in Thousands	Mar. 31, 2022USD ($)N	Dec. 31, 2021USD ($)N
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N	42	36
Available-for-sale, less than 12 months, fair value	$ 78,986	$ 107,647
Available-for-sale, less than 12 months, gross unrealized loss	$ 5,958	$ 2,230
Available-for-sale, over 12 months, number of securities | N	37	26
Available-for-sale, over 12 months, fair value	$ 90,507	$ 61,839
Available-for-sale, over 12 months, gross unrealized loss	$ 10,231	$ 2,977
Held-to-maturity, less than 12 months, number of securities | N	35	33
Held-to-maturity, less than 12 months, fair value	$ 207,766	$ 219,748
Available-for-sale, less than 12 months, gross unrealized loss	$ 15,984	$ 2,524
Held-to-maturity, over 12 months, number of securities | N	2
Held-to-maturity, over 12 months, fair value	$ 12,513
Held-to-maturity, over 12 months, gross unrealized loss	$ 1,312
Total, less than 12 months, number of securities | N	77	69
Total, less than 12 months, fair value	$ 286,752	$ 327,395
Total, less than 12 months, gross unrealized loss	$ 21,942	$ 4,754
Total, over 12 months, number of securities | N	39	26
Total, over 12 months, fair value	$ 103,020	$ 61,839
Total, over 12 months, gross unrealized loss	$ 11,543	$ 2,977
Government-sponsored mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N	39	34
Available-for-sale, less than 12 months, fair value	$ 74,897	$ 105,221
Available-for-sale, less than 12 months, gross unrealized loss	$ 5,877	$ 2,088
Available-for-sale, less than 12 months, depreciation from amortized cost basis (%)	7.30%	1.90%
Available-for-sale, over 12 months, number of securities | N	27	18
Available-for-sale, over 12 months, fair value	$ 70,790	$ 42,506
Available-for-sale, over 12 months, gross unrealized loss	$ 7,612	$ 1,841
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	9.70%	4.20%
Held-to-maturity, less than 12 months, number of securities | N	33	31
Held-to-maturity, less than 12 months, fair value	$ 198,246	$ 209,775
Available-for-sale, less than 12 months, gross unrealized loss	$ 15,523	$ 2,518
Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Depreciation From Amortized Cost Percentage	7.30%	1.20%
Held-to-maturity, over 12 months, number of securities | N	2
Held-to-maturity, over 12 months, fair value	$ 12,513
Held-to-maturity, over 12 months, gross unrealized loss	$ 1,312
Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months or Longer Depreciation From Amortized Cost Percentage	9.50%
U.S. government guaranteed mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N	2	2
Available-for-sale, less than 12 months, fair value	$ 1,093	$ 2,426
Available-for-sale, less than 12 months, gross unrealized loss	$ 55	$ 142
Available-for-sale, less than 12 months, depreciation from amortized cost basis (%)	4.80%	5.50%
Available-for-sale, over 12 months, number of securities | N	7	5
Available-for-sale, over 12 months, fair value	$ 6,571	$ 5,107
Available-for-sale, over 12 months, gross unrealized loss	$ 861	$ 460
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	11.60%	8.30%
Government-sponsored enterprise obligations [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N
Available-for-sale, less than 12 months, fair value
Available-for-sale, less than 12 months, gross unrealized loss
Available-for-sale, less than 12 months, depreciation from amortized cost basis (%)
Available-for-sale, over 12 months, number of securities | N	3	3
Available-for-sale, over 12 months, fair value	$ 13,146	$ 14,226
Available-for-sale, over 12 months, gross unrealized loss	$ 1,758	$ 676
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	11.80%	4.50%
Corporate Bonds [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N	1
Available-for-sale, less than 12 months, fair value	$ 2,996
Available-for-sale, less than 12 months, gross unrealized loss	$ 26
Available-for-sale, less than 12 months, depreciation from amortized cost basis (%)	0.90%
Available-for-sale, over 12 months, number of securities | N
Available-for-sale, over 12 months, fair value
Available-for-sale, over 12 months, gross unrealized loss
US Treasury Securities [Member]
Marketable Securities [Line Items]
Held-to-maturity, less than 12 months, number of securities | N	2	2
Held-to-maturity, less than 12 months, fair value	$ 9,520	$ 9,973
Available-for-sale, less than 12 months, gross unrealized loss	$ 461	$ 6
Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Depreciation From Amortized Cost Percentage	4.60%	0.10%
Held-to-maturity, over 12 months, number of securities | N
Held-to-maturity, over 12 months, fair value
Held-to-maturity, over 12 months, gross unrealized loss
Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months or Longer Depreciation From Amortized Cost Percentage

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Marketable Securities [Line Items]
Proceeds from the sales and redemptions of available-for-sale securities	$ 20	$ 14
US Treasury Securities [Member]
Marketable Securities [Line Items]
Fair value of collateralized public deposits	4,700
Government-sponsored enterprise obligations [Member]
Marketable Securities [Line Items]
Fair value of collateralized public deposits	8,800
Collateralized Mortgage Backed Securities [Member]
Marketable Securities [Line Items]
Fair value of collateralized public deposits	$ 55,400

Major classifications of loans

Major classifications of loans at the periods indicated were as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 1,924,185	$ 1,862,979
Unamortized PPP loan fees	(255)	(781)
Unearned premiums and deferred loan fees and costs, net	2,355	2,518
Total loans, net	1,926,285	1,864,716
Allowance for loan losses	(19,308)	(19,787)	$ (21,227)	$ (21,157)
Net loans	1,906,977	1,844,929
Commercial Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	1,039,487	979,969
Allowance for loan losses	(12,294)	(12,970)	(13,315)	(13,020)
Residential Mortgage [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	564,339	552,332
Home Equity Line of Credit [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	100,165	99,759
Residential Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	664,504	652,091
Allowance for loan losses	(4,068)	(3,964)	(4,113)	(4,240)
Commercial and Industrial Paycheck Protection Program [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	6,052	25,329
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	209,890	201,340
Allowance for loan losses	(2,726)	(2,643)	(3,562)	(3,630)
Commercial and Industrial Sector [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	215,942	226,669
Consumer Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	4,252	4,250
Allowance for loan losses	$ (199)	$ (197)	$ (223)	$ (241)

A summary of the activity in th

A summary of the activity in the balances of mortgage servicing rights follows: (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Receivables [Abstract]
Balance at the beginning of year:	$ 693	$ 153
Capitalized mortgage servicing rights	2	48
Amortization	(36)	(15)
Balance at the end of period	659	186
Fair value at the end of period	$ 813	$ 235

An analysis of changes in the a

An analysis of changes in the allowance for loan losses by segment for the three months ended March 31, 2022 and 2021 is as follows: (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at December 31, 2021	$ 19,787	$ 21,157
Provision (credit)	(425)	75
Charge-offs	(105)	(33)
Recoveries	51	28
Balance at March 31, 2022	19,308	21,227
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at December 31, 2021	12,970	13,020
Provision (credit)	(639)	295
Charge-offs	(37)
Recoveries
Balance at March 31, 2022	12,294	13,315
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at December 31, 2021	3,964	4,240
Provision (credit)	90	(135)
Charge-offs	(16)
Recoveries	30	8
Balance at March 31, 2022	4,068	4,113
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at December 31, 2021	2,643	3,630
Provision (credit)	89	(60)
Charge-offs	(7)	(9)
Recoveries	1	1
Balance at March 31, 2022	2,726	3,562
Consumer Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at December 31, 2021	197	241
Provision (credit)	27	(13)
Charge-offs	(45)	(24)
Recoveries	20	19
Balance at March 31, 2022	199	223
Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance at December 31, 2021	13	26
Provision (credit)	8	(12)
Charge-offs
Recoveries
Balance at March 31, 2022	$ 21	$ 14

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	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Total allowance for loan losses	$ 19,308	$ 19,787	$ 21,227	$ 21,157
Total loans	1,924,185	1,862,979
Total Loans Non PPE [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for impaired loans
Amount of allowance for non-impaired loans	19,308	19,787
Total allowance for loan losses	19,308	19,787
Impaired loans	13,123	13,545
Non-impaired loans	1,898,668	1,817,174
Impaired loans acquired with deteriorated credit quality	6,342	6,931
Total loans	1,918,133	1,837,650
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for impaired loans
Amount of allowance for non-impaired loans	12,294	12,970
Total allowance for loan losses	12,294	12,970	13,315	13,020
Impaired loans	9,527	9,601
Non-impaired loans	1,025,725	965,577
Impaired loans acquired with deteriorated credit quality	4,235	4,791
Total loans	1,039,487	979,969
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for impaired loans
Amount of allowance for non-impaired loans	4,068	3,964
Total allowance for loan losses	4,068	3,964	4,113	4,240
Impaired loans	2,976	3,223
Non-impaired loans	659,784	647,098
Impaired loans acquired with deteriorated credit quality	1,744	1,770
Total loans	664,504	652,091
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for impaired loans
Amount of allowance for non-impaired loans	2,726	2,643
Total allowance for loan losses	2,726	2,643	3,562	3,630
Impaired loans	620	699
Non-impaired loans	208,907	200,271
Impaired loans acquired with deteriorated credit quality	363	370
Total loans	209,890	201,340
Consumer Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for impaired loans
Amount of allowance for non-impaired loans	199	197
Total allowance for loan losses	199	197	223	241
Impaired loans		22
Non-impaired loans	4,252	4,228
Impaired loans acquired with deteriorated credit quality
Total loans	4,252	4,250
Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amount of allowance for impaired loans
Amount of allowance for non-impaired loans	21	13
Total allowance for loan losses	21	13	$ 14	$ 26
Impaired loans
Non-impaired loans
Impaired loans acquired with deteriorated credit quality
Total loans

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	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total loans	$ 1,924,185	$ 1,862,979
Non-Accrual Loans	3,988	4,964
Total Loans Non PPE [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,918,133	1,837,650
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,137	1,046
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	270	56
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,401	1,039
Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,808	2,141
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,915,325	1,835,509
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,039,487	979,969
Non-Accrual Loans	660	1,224
Commercial Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	301	139
Commercial Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans
Commercial Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	436	436
Commercial Real Estate [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	737	575
Commercial Real Estate [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,038,750	979,394
Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Total loans	564,339	552,332
Non-Accrual Loans	2,846	3,214
Residential Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	561	787
Residential Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	270	41
Residential Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	853	507
Residential Mortgage [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,684	1,335
Residential Mortgage [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	562,655	550,997
Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Total loans	100,165	99,759
Non-Accrual Loans	112	94
Home Equity Line of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	230	57
Home Equity Line of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans		5
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 loans	88	63
Home Equity Line of Credit [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	318	125
Home Equity Line of Credit [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	99,847	99,634
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total loans	209,890	201,340
Non-Accrual Loans	370	410
Commercial and Industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	42	58
Commercial and Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans		10
Commercial and Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	24	22
Commercial and Industrial [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	66	90
Commercial and Industrial [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	209,824	201,250
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total loans	4,252	4,250
Non-Accrual Loans		22
Consumer Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	3	5
Consumer Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans
Consumer Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans		11
Consumer Loan [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	3	16
Consumer Loan [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	$ 4,249	$ 4,234

The following is a summary of i

The following is a summary of impaired loans by class: (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Recorded Investment	[1]	$ 19,465		$ 20,476
Impaired Financing Receivable, Unpaid Principal Balance	[1]	24,230		24,967
Impaired Financing Receivable, Average Recorded Investment	[1]	19,971	$ 28,756
Impaired Financing Receivable, Interest Income, Accrual Method	[1]	85	278
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Recorded Investment	[1]	13,762		14,392
Impaired Financing Receivable, Unpaid Principal Balance	[1]	14,907		15,563
Impaired Financing Receivable, Average Recorded Investment	[1]	14,078	17,403
Impaired Financing Receivable, Interest Income, Accrual Method	[1]	53	108
Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Recorded Investment	[1]	4,590		4,881
Impaired Financing Receivable, Unpaid Principal Balance	[1]	5,422		5,381
Impaired Financing Receivable, Average Recorded Investment	[1]	4,735	6,357
Impaired Financing Receivable, Interest Income, Accrual Method	[1]	16	104
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Recorded Investment	[1]	130		112
Impaired Financing Receivable, Unpaid Principal Balance	[1]	153		136
Impaired Financing Receivable, Average Recorded Investment	[1]	121	143
Impaired Financing Receivable, Interest Income, Accrual Method	[1]	1	4
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Recorded Investment	[1]	983		1,069
Impaired Financing Receivable, Unpaid Principal Balance	[1]	3,748		3,850
Impaired Financing Receivable, Average Recorded Investment	[1]	1,026	4,827
Impaired Financing Receivable, Interest Income, Accrual Method	[1]	15	62
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Recorded Investment	[1]			22
Impaired Financing Receivable, Unpaid Principal Balance	[1]			$ 37
Impaired Financing Receivable, Average Recorded Investment	[1]	11	$ 26
Impaired Financing Receivable, Interest Income, Accrual Method	[1]
[1]	Includes loans acquired with deteriorated credit quality and performing troubled debt restructurings.

The following is a summary of l

The following is a summary of loans acquired with deteriorated credit quality in the Chicopee acquisition. (Details) - Chicopee Bancorp Inc [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans receivable - Contractual Required Payments Receivable beginning	$ 12,134
Loans receivable - Cash Expected To Be Collected beginning	9,430
Loans receivable - Non-Accretable Discount beginning	2,704
Loans receivable - Accretable Yield beginning	2,499
Loans receivable - Outstanding beginning	6,931
Collections - Contractually Required Payments Receivable	(669)
Collections - Cash Expected to be Collected	(639)
Collections - Non-Accretable Discount	(30)
Collections - Accretable Yield	(50)
Collections	(589)
Dispositions - Contractually Required Payments Receivable	(58)
Dispositions - Cash Expected to be Collected	(58)
Dispositions - Non-Accretable Discount
Dispositions - Accretable Yield	(58)
Dispositions
Loans receivable - Contractual Required Payments Receivable ending	11,407
Loans receivable - Cash Expected To Be Collected ending	8,733
Loans receivable - Non-Accretable Discount ending	2,674
Loans receivable - Accretable Yield ending	2,391
Loans receivable - Outstanding ending	$ 6,342

The following table presents ou

The following table presents our loans by risk rating for the periods indicated: (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,924,185	$ 1,862,979
Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,838,203	1,780,379
Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	55,193	51,542
Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	30,789	31,058
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,039,487	979,969
Commercial Real Estate [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	973,892	913,063
Commercial Real Estate [Member] | Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	47,729	48,765
Commercial Real Estate [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	17,866	18,141
Residential Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	564,339	552,332
Residential Mortgage [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	560,425	547,980
Residential Mortgage [Member] | Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total
Residential Mortgage [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,914	4,352
Home Equity Line of Credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	100,165	99,759
Home Equity Line of Credit [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	99,891	99,503
Home Equity Line of Credit [Member] | Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total
Home Equity Line of Credit [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	274	256
Commercial and Industrial Sector [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	215,942	226,669
Commercial and Industrial Sector [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	199,763	215,605
Commercial and Industrial Sector [Member] | Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	7,464	2,777
Commercial and Industrial Sector [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	8,715	8,287
Consumer Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,252	4,250
Consumer Loan [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,232	4,228
Consumer Loan [Member] | Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total
Consumer Loan [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 20	$ 22

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details Narrative)	3 Months Ended
	Mar. 31, 2022USD ($)$ / Loan	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Receivables [Abstract]
Serviced commercial loans for participants	$ 78,300,000		$ 63,200,000
Weighted average prepayment speed, PSA	122.00%
Weighted average internal rate of return	9.02%
Weighted average servicing fee percentage	0.25%
Net cost to service loans | $ / Loan	83.63
Sale of residential real estate mortgages	$ 277,000	$ 7,600,000
Gain on sale of mortgages	2,000	227,000
Mortgage loans serviced for others	85,500,000		$ 88,200,000
Servicing fee income	$ 53,000	$ 24,000
Loan-to-value ratio requiring private mortgage insurance	80.00%

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of core deposit intangible	$ 94	$ 93
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired core deposit intangible	$ 4,500
Amortization period of core deposit intangible	12 years
Future amortization of core deposit intangible assets years 1-5	$ 375
Future amortization of core deposit intangible assets thereafter	$ 594

A summary of stock option activ

A summary of stock option activity for the three months ended March 31, 2022 is presented below: (Details) - Share-based Payment Arrangement, Option [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of period | shares	177,881
Outstanding at beginning of period | $ / shares	$ 6.57
Outstanding at beginning of period	9 months 21 days
Outstanding at beginning of period | $	$ 388
Exercised | shares	(80,881)
Exercised | $ / shares	$ 6.29
Exercised	5 months 4 days
Exercised | $	$ 211
Outstanding at end of period | shares	97,000
Outstanding at end of period | $ / shares	$ 6.80
Outstanding at end of period	9 months 21 days
Outstanding at end of period | $	$ 206
Exercisable at end of period | shares	97,000
Exercisable at end of period | $ / shares	$ 6.80
Exercisable at end of period	9 months 21 days
Exercisable at end of period | $	$ 206

The threshold, target and stret

The threshold, target and stretch metrics under the 2019 grants are as follows: (Details) - LTI Plan for 2019 [Member]	12 Months Ended
	Dec. 31, 2019
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%
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%
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%

The threshold, target and str_2

The threshold, target and stretch metrics under the 2020 grants are as follows: (Details) - LTI Plan for 2020 [Member]	12 Months Ended
	Dec. 31, 2020$ / shares
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
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
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

The threshold, target and str_3

The threshold, target and stretch metrics under the 2021 grants are as follows: (Details) - LTI Plan for 2021 [Member]	12 Months Ended
	Dec. 31, 2021$ / shares
Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2021	5.63%
December 31, 2022	5.85%
December 31, 2023	6.08%
Three-year Cumulative Diluted Earnings Per Share	$ 1.58
Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2021	6.25%
December 31, 2022	6.50%
December 31, 2023	6.75%
Three-year Cumulative Diluted Earnings Per Share	$ 1.97
Stretch [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2021	7.50%
December 31, 2022	7.80%
December 31, 2023	8.10%
Three-year Cumulative Diluted Earnings Per Share	$ 2.36

The threshold, target and str_4

The threshold, target and stretch metrics under the 2022 grants are as follows: (Details) - LTI Plan for 2022 [Member]	3 Months Ended
	Mar. 31, 2022$ / shares
Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2022	7.79%
December 31, 2023	7.93%
December 31, 2024	8.03%
Three-year Cumulative Diluted Earnings Per Share	$ 2.35
Target [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2022	8.20%
December 31, 2023	8.35%
December 31, 2024	8.45%
Three-year Cumulative Diluted Earnings Per Share	$ 2.61
Stretch [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
December 31, 2022	8.61%
December 31, 2023	8.77%
December 31, 2024	8.87%
Three-year Cumulative Diluted Earnings Per Share	$ 2.85

A summary of the status of rest

A summary of the status of restricted stock awards at March 31, 2022 and 2021 is presented below: (Details) - Restricted Stock [Member] - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance	213,381	178,766
Beginning balance	$ 8.91	$ 9.63
Shares granted	144,440	19,827
Shares granted	$ 9.14	$ 8.17
Shares forfeited	(6,651)	(19,154)
Shares forfeited	$ 8.66	$ 11.05
Shares vested	(60,009)	(27,727)
Shares vested	$ 9.77	$ 9.81
Ending balance	291,161	151,712
Ending balance	$ 8.85	$ 9.23

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	1 Months Ended						3 Months Ended
	Mar. 31, 2022	Feb. 28, 2022	May 31, 2021	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2019	Mar. 31, 2022	Mar. 31, 2021	May 14, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received for options exercised							$ 510,000	$ 113,000
Restricted stock expense							$ 301,000	$ 231,000
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
LTI Plan for 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted			122,362
LTI Plan for 2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	137,151
2021 RSA Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	440,487						440,487
Director [Member] | LTI Plan for 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				1 year
Shares granted				19,827
Share-based Payment Arrangement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized									516,000
Share-based Payment Arrangement [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							1 year
Share-based Payment Arrangement [Member] | Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							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]
Vesting period						1 year
Shares granted						20,262
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]
Vesting period						3 years
Shares granted						44,234
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]
Vesting period					1 year
Shares granted					19,760
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]
Vesting period					3 years
Shares granted					50,138
Time Based Shares [Member] | LTI Plan for 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Shares granted			61,181
Time Based Shares [Member] | LTI Plan for 2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	77,463
Time Based Shares [Member] | LTI Plan for 2022 [Member] | Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Shares granted	17,775
Time Based Shares [Member] | LTI Plan for 2022 [Member] | Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Shares granted	59,688
Performance Shares [Member] | LTI Plan for 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						3 years
Shares granted						44,222
Number of shares eligible for vesting		40,003
Number of shares vested		60,009
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] | 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] | 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]
Vesting period					3 years
Shares granted					50,155
Vesting 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] | 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] | 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 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Shares granted			61,181
Vesting percentage			50.00%
Performance Shares [Member] | LTI Plan for 2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Shares granted	59,688
Vesting percentage	50.00%
2021 RSA Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized			700,000

SHORT-TERM BORROWINGS AND LON_2

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Details Narrative) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Long-term debt	$ 1,700,000	$ 2,700,000
Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit available	9,500,000	9,500,000
FRB Discount Window [Member]
Debt Instrument [Line Items]
Line of credit available	5,700,000	5,700,000
Correspondent Banks [Member]
Debt Instrument [Line Items]
Line of credit available	15,000,000	15,000,000
Bank [Member]
Debt Instrument [Line Items]
Line of credit available	50,000,000	$ 50,000,000
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Borrowing capacity	$ 464,100,000

SUBORDINATED DEBT (Details Narr

SUBORDINATED DEBT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Apr. 20, 2021
Debt Instrument [Line Items]
Amortization of subordinated debt issuance costs	$ 10,000
Subordinated Debt [Member]
Debt Instrument [Line Items]
Principal amount			$ 20,000,000
Maturity Date	May 1, 2031
Earliest redemption date	May 1, 2026
Issuance costs	$ 357,000
Amortization of subordinated debt issuance costs	$ 10,000
Subordinated Debt [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Interest rate	4.875%
Subordinated Debt [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Benchmark rate	90-day average secured overnight financing rate
Interest rate basis spread	4.12%

The following table provides in

The following table provides information regarding net pension benefit costs for the periods shown: (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Retirement Benefits [Abstract]
Service cost	$ 334	$ 454
Interest cost	313	295
Expected return on assets	(427)	(439)
Amortization of actuarial loss	158	234
Net periodic pension cost	$ 378	$ 544

PENSION BENEFITS (Details Narra

PENSION BENEFITS (Details Narrative)	3 Months Ended
	Mar. 31, 2022N
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Minimum working hours needed for eligibility	1,000

The following table presents _2

The following table presents information about interest rate swaps at March 31, 2022 and December 31, 2021: (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Notional Amount	$ 76,682	$ 76,826
Estimated Fair Value	0	0
Not Designated as Hedging Instrument [Member] | Loan-Level Swaps - Dealer [Member]
Derivative [Line Items]
Notional Amount	$ 15,951	$ 16,023
Weighted Average Maturity	10 years 10 months 24 days	11 years 1 month 6 days
Weighted Average Rate Received	2.13%	1.99%
Weighted Average Rate Paid	3.76%	3.76%
Estimated Fair Value	$ 449	$ (662)
Not Designated as Hedging Instrument [Member] | Loan-Level Swaps - Borrower [Member]
Derivative [Line Items]
Notional Amount	$ 15,951	$ 16,023
Weighted Average Maturity	10 years 10 months 24 days	11 years 1 month 6 days
Weighted Average Rate Received	3.76%	3.76%
Weighted Average Rate Paid	2.13%	1.99%
Estimated Fair Value	$ (449)	$ 662
Not Designated as Hedging Instrument [Member] | Forward Starting Loan Level Swaps Dealer [Member]
Derivative [Line Items]
Notional Amount	$ 22,390	$ 22,390
Weighted Average Maturity	10 years 3 months 18 days	10 years 6 months
Estimated Fair Value	$ 2,363	$ 1,030
Not Designated as Hedging Instrument [Member] | Forward Starting Loan Level Swaps Borrower [Member]
Derivative [Line Items]
Notional Amount	$ 22,390	$ 22,390
Weighted Average Maturity	10 years 3 months 18 days	10 years 6 months
Estimated Fair Value	$ (2,363)	$ (1,030)

The table below presents the fa

The table below presents the fair value of our derivative financial instruments not designated as hedging instruments as well as our classification on the balance sheet as of March 31, 2022 and December 31, 2021. (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Other Assets [Member]
Derivative [Line Items]
Fair value of derivative assets	$ 2,812	$ 1,692
Other Liabilities [Member]
Derivative [Line Items]
Fair value of derivative liability	2,812	1,692
Interest Rate Swap Agreement [Member] | Customers [Member]
Derivative [Line Items]
Fair value of derivative assets	0	662
Fair value of derivative liability	2,812	1,030
Interest Rate Swap Agreement [Member] | Counterparties [Member]
Derivative [Line Items]
Fair value of derivative assets	2,812	1,030
Fair value of derivative liability	$ 0	$ 662

The table below presents the am

The table below presents the amount reclassified from accumulated other comprehensive loss into net income for interest rate swaps and termination fees: (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from OCI into Expense (Effective Portion)	$ 0	$ 140

Assets and liabilities measured

Assets and liabilities measured at fair value on a recurring basis are summarized below: (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets:
Securities available-for-sale	$ 173,910	$ 194,352
Marketable equity securities	11,643	11,896
Interest rate swaps	2,812	1,692
Liabilities:
Interest rate swaps	2,812	1,692
Fair Value, Inputs, Level 1 [Member]
Assets:
Securities available-for-sale
Marketable equity securities	11,643	11,896
Interest rate swaps
Liabilities:
Interest rate swaps
Fair Value, Inputs, Level 2 [Member]
Assets:
Securities available-for-sale	173,910	194,352
Marketable equity securities
Interest rate swaps	2,812	1,692
Liabilities:
Interest rate swaps	2,812	1,692
Fair Value, Inputs, Level 3 [Member]
Assets:
Securities available-for-sale
Marketable equity securities
Interest rate swaps
Liabilities:
Interest rate swaps
Fair Value, Recurring [Member]
Assets:
Securities available-for-sale	173,910	194,352
Marketable equity securities	11,643	11,896
Interest rate swaps	2,812	1,692
Total assets	188,365	207,940
Liabilities:
Interest rate swaps	2,812	1,692
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets:
Securities available-for-sale
Marketable equity securities	11,643	11,896
Interest rate swaps
Total assets	11,643	11,896
Liabilities:
Interest rate swaps
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Securities available-for-sale	173,910	194,352
Marketable equity securities
Interest rate swaps	2,812	1,692
Total assets	176,722	196,044
Liabilities:
Interest rate swaps	2,812	1,692
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Securities available-for-sale
Marketable equity securities
Interest rate swaps
Total assets
Liabilities:
Interest rate swaps

The estimated fair values of ou

The estimated fair values of our financial instruments are as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets:
Cash and cash equivalents	$ 62,898	$ 103,456
Securities held-to-maturity	220,279	219,748
Securities available-for-sale	173,910	194,352
Marketable equity securities	11,643	11,896
Federal Home Loan Bank of Boston and other restricted stock	2,594	2,594
Loans - net	1,882,419	1,838,045
Accrued interest receivable	7,723	7,775
Mortgage servicing rights	813	739
Derivative asset	2,812	1,692
Liabilities:
Deposits	2,275,572	2,256,834
Long-term debt	21,835	23,099
Accrued interest payable	168	191
Derivative liabilities	2,812	1,692
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and cash equivalents	62,898	103,456
Securities held-to-maturity	9,520	9,973
Securities available-for-sale
Marketable equity securities	11,643	11,896
Federal Home Loan Bank of Boston and other restricted stock
Loans - net
Accrued interest receivable
Mortgage servicing rights
Derivative asset
Liabilities:
Deposits
Long-term debt
Accrued interest payable
Derivative liabilities
Fair Value, Inputs, Level 2 [Member]
Assets:
Cash and cash equivalents
Securities held-to-maturity	210,759	209,775
Securities available-for-sale	173,910	194,352
Marketable equity securities
Federal Home Loan Bank of Boston and other restricted stock
Loans - net
Accrued interest receivable
Mortgage servicing rights	813	739
Derivative asset	2,812	1,692
Liabilities:
Deposits
Long-term debt	21,835	23,099
Accrued interest payable
Derivative liabilities	2,812	1,692
Fair Value, Inputs, Level 3 [Member]
Assets:
Cash and cash equivalents
Securities held-to-maturity
Securities available-for-sale
Marketable equity securities
Federal Home Loan Bank of Boston and other restricted stock	2,594	2,594
Loans - net	1,882,419	1,838,045
Accrued interest receivable	7,723	7,775
Mortgage servicing rights
Derivative asset
Liabilities:
Deposits	2,275,572	2,256,834
Long-term debt
Accrued interest payable	168	191
Derivative liabilities
Reported Value Measurement [Member]
Assets:
Cash and cash equivalents	62,898	103,456
Securities held-to-maturity	237,575	222,272
Securities available-for-sale	173,910	194,352
Marketable equity securities	11,643	11,896
Federal Home Loan Bank of Boston and other restricted stock	2,594	2,594
Loans - net	1,906,977	1,844,929
Accrued interest receivable	7,723	7,775
Mortgage servicing rights	659	693
Derivative asset	2,812	1,692
Liabilities:
Deposits	2,278,164	2,256,898
Long-term debt	21,329	22,286
Accrued interest payable	168	191
Derivative liabilities	$ 2,812	$ 1,692