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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and fees on loans:    
Taxable $ 19,491 $ 14,461
Tax-exempt 439 459
Income from available-for-sale debt securities:    
Taxable 1,113 1,588
Tax-exempt 642 437
Other interest and dividend income 69 92
Total interest and dividend income 21,754 17,037
INTEREST EXPENSE    
Interest on deposits 1,278 2,155
Interest on short-term borrowings 15 198
Interest on long-term borrowings 134 295
Interest on subordinated debt 244 107
Total interest expense 1,671 2,755
Net interest income 20,083 14,282
Provision for loan losses 259 1,528
Net interest income after provision for loan losses 19,824 12,754
NONINTEREST INCOME    
Brokerage and insurance revenue 326 355
Net gains from sale of loans 1,064 315
Increase in cash surrender value of life insurance 150 104
Other noninterest income 1,472 1,061
Total noninterest income 6,782 5,281
NONINTEREST EXPENSE    
Salaries and employee benefits 8,895 7,378
Net occupancy and equipment expense 1,304 1,103
Data processing and telecommunications expense 1,380 1,224
Automated teller machine and interchange expense 337 297
Pennsylvania shares tax 491 422
Professional fees 547 379
Merger-related expenses 0 141
Other noninterest expense 2,755 2,109
Total noninterest expense 15,709 13,053
Income before income tax provision 10,897 4,982
Income tax provision 2,110 816
NET INCOME $ 8,787 $ 4,166
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.55 $ 0.30
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 0.55 $ 0.30
Trust and Asset Management    
NONINTEREST INCOME    
Revenue $ 1,626 $ 1,479
Deposit Account    
NONINTEREST INCOME    
Revenue 1,015 1,250
Debit Card    
NONINTEREST INCOME    
Revenue 881 731
Bank Servicing    
NONINTEREST INCOME    
Revenue $ 248 $ (14)