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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and fees on loans:    
Taxable $ 14,461,000 $ 9,948,000
Tax-exempt 459,000 564,000
Interest on mortgages held for sale 6,000 3,000
Interest on balances with depository institutions 81,000 116,000
Income from available-for-sale debt securities:    
Taxable 1,588,000 1,834,000
Tax-exempt 437,000 594,000
Dividends on marketable equity security 5,000 6,000
Total interest and dividend income 17,037,000 13,065,000
INTEREST EXPENSE    
Interest on deposits 2,155,000 1,053,000
Interest on short-term borrowings 198,000 79,000
Interest on long-term borrowings 295,000 218,000
Interest on subordinated debt 107,000 0
Total interest expense 2,755,000 1,350,000
Net interest income 14,282,000 11,715,000
Provision (credit) for loan losses 1,528,000 (957,000)
Net interest income after provision (credit) for loan losses 12,754,000 12,672,000
NONINTEREST INCOME    
Brokerage revenue 333,000 307,000
Insurance commissions, fees and premiums 33,000 30,000
Net gains from sale of loans 315,000 87,000
Increase in cash surrender value of life insurance 104,000 92,000
Other noninterest income 987,000 530,000
Total noninterest income 5,281,000 4,406,000
NONINTEREST EXPENSE    
Salaries and wages 5,340,000 4,493,000
Pensions and other employee benefits 2,038,000 1,618,000
Occupancy expense, net 745,000 657,000
Furniture and equipment expense 358,000 301,000
Data processing expenses 1,018,000 803,000
Automated teller machine and interchange expense 297,000 189,000
Pennsylvania shares tax 422,000 347,000
Professional fees 379,000 222,000
Telecommunications 206,000 164,000
Directors' fees 170,000 183,000
Merger-related expenses 141,000 311,000
Other noninterest expense 1,939,000 1,719,000
Total noninterest expense 13,053,000 11,007,000
Income before income tax provision 4,982,000 6,071,000
Income tax provision 816,000 981,000
NET INCOME $ 4,166,000 $ 5,090,000
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) [1] $ 0.30 $ 0.41
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) [1] $ 0.30 $ 0.41
Trust and Asset Management [Member]    
NONINTEREST INCOME    
Revenue $ 1,479,000 $ 1,360,000
Deposit Account [Member]    
NONINTEREST INCOME    
Revenue 1,250,000 1,250,000
Service Charges and Fees [Member]    
NONINTEREST INCOME    
Revenue 63,000 79,000
Debit Card [Member]    
NONINTEREST INCOME    
Revenue 731,000 643,000
Bank Servicing [Member]    
NONINTEREST INCOME    
Revenue $ (14,000) $ 28,000
[1] Basic and diluted earnings per share under the two-class method are determined on net income reported on the consolidated statements of income, less earnings allocated to non-vested restricted shares with nonforfeitable dividends (participating securities).