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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Interest and fees on loans and leases $ 17,715 $ 10,213 $ 41,125 $ 29,864
Interest on interest-bearing balances 26 5 52 12
Interest on federal funds sold 78 23 399 97
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 965 617 2,601 1,636
State and political subdivision obligations, tax-exempt 636 240 1,695 820
Other securities 163 52 411 159
Total Interest Income 19,583 11,150 46,283 32,588
INTEREST EXPENSE        
Interest on deposits 3,183 1,425 6,960 3,906
Interest on short-term borrowings 38 30 50 43
Interest on long-term and subordinated debt 451 179 1,070 538
Total Interest Expense 3,672 1,634 8,080 4,487
Net Interest Income 15,911 9,516 38,203 28,101
PROVISION FOR LOAN AND LEASE LOSSES 100   225 225
Net Interest Income After Provision for Loan and Lease Losses 15,811 9,516 37,978 27,876
NONINTEREST INCOME        
Net gain on sales of investment securities 30 22 132 42
Earnings from cash surrender value of life insurance 76 65 205 196
Net gain on sales of SBA loans 68 262 477 703
Other income 820 276 1,312 669
Total Noninterest Income 2,165 1,564 5,371 4,362
NONINTEREST EXPENSE        
Salaries and employee benefits 6,680 4,277 16,286 12,666
Occupancy expense, net 1,063 631 2,730 1,872
Equipment expense 579 398 1,531 1,149
Pennsylvania bank shares tax expense 131 170 473 500
FDIC Assessment 187 197 508 585
Legal and professional fees 272 218 752 584
Marketing and advertising expense 274 139 693 377
Software licensing 602 397 1,628 1,096
Telephone expense 177 120 480 379
Loss on sale or write-down of foreclosed assets 45   48 88
Intangible amortization 341 25 837 78
Merger and acquisition expense 3,039 243 4,955 467
Other expenses 1,874 1,145 5,268 3,479
Total Noninterest Expense 15,264 7,960 36,189 23,320
INCOME BEFORE PROVISION FOR INCOME TAXES 2,712 3,120 7,160 8,918
Provision for income taxes 548 871 1,213 2,330
NET INCOME 2,164 2,249 5,947 6,588
Series D preferred stock dividends 38   38  
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 2,126 $ 2,249 $ 5,909 $ 6,588
PER COMMON SHARE DATA:        
Basic and Diluted Earnings Per Common Share $ 0.28 $ 0.53 $ 0.89 $ 1.56
Cash Dividends Paid $ 0.15 $ 0.13 $ 0.55 $ 0.49
Income from Fiduciary Activities [Member]        
NONINTEREST INCOME        
Non-interest Income $ 325 $ 217 $ 851 $ 613
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Non-interest Income 242 175 667 554
Mortgage Banking Income [Member]        
NONINTEREST INCOME        
Non-interest Income 197 230 558 646
ATM Debit Card Interchange Income [Member]        
NONINTEREST INCOME        
Non-interest Income 317 233 908 689
Merchant Services Income [Member]        
NONINTEREST INCOME        
Non-interest Income $ 90 $ 84 $ 261 $ 250