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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and fees on loans:        
Taxable $ 19,158,000 $ 14,400,000 $ 47,745,000 $ 38,446,000
Tax-exempt 450,000 509,000 1,348,000 1,597,000
Interest on mortgages held for sale 26,000 5,000 47,000 14,000
Interest on balances with depository institutions 69,000 159,000 191,000 424,000
Income from available-for-sale debt securities:        
Taxable 1,483,000 1,732,000 4,451,000 5,392,000
Tax-exempt 561,000 466,000 1,505,000 1,591,000
Dividends on marketable equity security 4,000 6,000 14,000 17,000
Total interest and dividend income 21,751,000 17,277,000 55,301,000 47,481,000
INTEREST EXPENSE        
Interest on deposits 1,787,000 2,461,000 5,726,000 5,877,000
Interest on short-term borrowings 73,000 146,000 335,000 453,000
Interest on long-term borrowings 362,000 277,000 970,000 723,000
Interest on subordinated debt 247,000 116,000 460,000 231,000
Total interest expense 2,469,000 3,000,000 7,491,000 7,284,000
Net interest income 19,282,000 14,277,000 47,810,000 40,197,000
Provision for loan losses 1,941,000 1,158,000 3,293,000 197,000
Net interest income after provision for loan losses 17,341,000 13,119,000 44,517,000 40,000,000
NONINTEREST INCOME        
Brokerage revenue 351,000 333,000 1,027,000 1,001,000
Insurance commissions, fees and premiums 41,000 71,000 126,000 149,000
Net gains from sale of loans 2,052,000 310,000 3,931,000 618,000
Increase in cash surrender value of life insurance 159,000 105,000 361,000 296,000
Other noninterest income 903,000 470,000 2,321,000 1,437,000
Sub-total 6,970,000 4,963,000 17,779,000 14,218,000
Realized gains on available-for-sale debt securities, net 25,000 13,000 25,000 20,000
Total noninterest income 6,995,000 4,976,000 17,804,000 14,238,000
NONINTEREST EXPENSE        
Salaries and wages 6,833,000 5,480,000 17,537,000 15,249,000
Pensions and other employee benefits 1,870,000 1,449,000 5,527,000 4,292,000
Occupancy expense, net 806,000 654,000 2,215,000 1,976,000
Furniture and equipment expense 383,000 333,000 1,052,000 967,000
Data processing expenses 1,251,000 802,000 3,309,000 2,567,000
Automated teller machine and interchange expense 340,000 297,000 912,000 763,000
Pennsylvania shares tax 422,000 341,000 1,267,000 1,035,000
Professional fees 422,000 242,000 1,265,000 795,000
Telecommunications 231,000 197,000 650,000 537,000
Directors' fees 175,000 162,000 523,000 486,000
Merger-related expenses 6,402,000 206,000 7,526,000 3,818,000
Other noninterest expense 1,915,000 1,529,000 5,577,000 4,937,000
Total noninterest expense 21,050,000 11,692,000 47,360,000 37,422,000
Income before income tax provision 3,286,000 6,403,000 14,961,000 16,816,000
Income tax provision 438,000 1,096,000 2,509,000 2,770,000
NET INCOME $ 2,848,000 $ 5,307,000 $ 12,452,000 $ 14,046,000
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.18 $ 0.39 $ 0.86 $ 1.06
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 0.18 $ 0.39 $ 0.86 $ 1.06
Trust and Asset Management [Member]        
NONINTEREST INCOME        
Revenue $ 1,595,000 $ 1,479,000 $ 4,639,000 $ 4,422,000
Deposit Account [Member]        
NONINTEREST INCOME        
Revenue 1,045,000 1,436,000 3,126,000 3,963,000
Service Charges and Fees [Member]        
NONINTEREST INCOME        
Revenue 83,000 91,000 230,000 259,000
Debit Card [Member]        
NONINTEREST INCOME        
Revenue 828,000 722,000 2,277,000 2,064,000
Bank Servicing [Member]        
NONINTEREST INCOME        
Revenue $ (87,000) $ (54,000) $ (259,000) $ 9,000