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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and fees on loans:        
Taxable $ 14,126,000 $ 14,098,000 $ 28,587,000 $ 24,046,000
Tax-exempt 439,000 524,000 898,000 1,088,000
Interest on mortgages held for sale 15,000 6,000 21,000 9,000
Interest on balances with depository institutions 41,000 149,000 122,000 265,000
Income from available-for-sale debt securities:        
Taxable 1,380,000 1,826,000 2,968,000 3,660,000
Tax-exempt 507,000 531,000 944,000 1,125,000
Dividends on marketable equity security 5,000 5,000 10,000 11,000
Total interest and dividend income 16,513,000 17,139,000 33,550,000 30,204,000
INTEREST EXPENSE        
Interest on deposits 1,784,000 2,363,000 3,939,000 3,416,000
Interest on short-term borrowings 64,000 228,000 262,000 307,000
Interest on long-term borrowings 313,000 228,000 608,000 446,000
Interest on subordinated debt 106,000 115,000 213,000 115,000
Total interest expense 2,267,000 2,934,000 5,022,000 4,284,000
Net interest income 14,246,000 14,205,000 28,528,000 25,920,000
(Credit) provision for loan losses (176,000) (4,000) 1,352,000 (961,000)
Net interest income after (credit) provision for loan losses 14,422,000 14,209,000 27,176,000 26,881,000
NONINTEREST INCOME        
Brokerage revenue 343,000 361,000 676,000 668,000
Insurance commissions, fees and premiums 52,000 48,000 85,000 78,000
Net gains from sale of loans 1,564,000 221,000 1,879,000 308,000
Increase in cash surrender value of life insurance 98,000 99,000 202,000 191,000
Other noninterest income 431,000 437,000 1,418,000 967,000
Sub-total 5,528,000 4,849,000 10,809,000 9,255,000
Realized gains on available-for-sale debt securities, net 0 7,000 0 7,000
Total noninterest income 5,528,000 4,856,000 10,809,000 9,262,000
NONINTEREST EXPENSE        
Salaries and wages 5,364,000 5,276,000 10,704,000 9,769,000
Pensions and other employee benefits 1,619,000 1,225,000 3,657,000 2,843,000
Occupancy expense, net 664,000 665,000 1,409,000 1,322,000
Furniture and equipment expense 311,000 333,000 669,000 634,000
Data processing expenses 1,040,000 962,000 2,058,000 1,765,000
Automated teller machine and interchange expense 275,000 277,000 572,000 466,000
Pennsylvania shares tax 423,000 347,000 845,000 694,000
Professional fees 464,000 331,000 843,000 553,000
Telecommunications 213,000 176,000 419,000 340,000
Directors' fees 178,000 141,000 348,000 324,000
Merger-related expenses 983,000 3,301,000 1,124,000 3,612,000
Other noninterest expense 1,723,000 1,689,000 3,662,000 3,408,000
Total noninterest expense 13,257,000 14,723,000 26,310,000 25,730,000
Income before income tax provision 6,693,000 4,342,000 11,675,000 10,413,000
Income tax provision 1,255,000 693,000 2,071,000 1,674,000
NET INCOME $ 5,438,000 $ 3,649,000 $ 9,604,000 $ 8,739,000
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.39 $ 0.27 $ 0.70 $ 0.67
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 0.39 $ 0.27 $ 0.70 $ 0.67
Trust and Asset Management [Member]        
NONINTEREST INCOME        
Revenue $ 1,565,000 $ 1,583,000 $ 3,044,000 $ 2,943,000
Deposit Account [Member]        
NONINTEREST INCOME        
Revenue 831,000 1,277,000 2,081,000 2,527,000
Service Charges and Fees [Member]        
NONINTEREST INCOME        
Revenue 84,000 89,000 147,000 168,000
Debit Card [Member]        
NONINTEREST INCOME        
Revenue 718,000 699,000 1,449,000 1,342,000
Bank Servicing [Member]        
NONINTEREST INCOME        
Revenue $ (158,000) $ 35,000 $ (172,000) $ 63,000