XML 73 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and fees on loans:    
Taxable $ 74,549 $ 67,384
Tax-exempt 1,770 1,768
Income from available-for-sale debt securities:    
Taxable 5,114 5,534
Tax-exempt 2,684 2,143
Other interest and dividend income 384 331
Total interest and dividend income 84,501 77,160
INTEREST EXPENSE    
Interest on deposits 4,538 7,231
Interest on short-term borrowings 23 367
Interest on long-term borrowings - FHLB advances 399 1,291
Interest on senior notes, net 293 0
Interest on subordinated debt, net 1,309 706
Total interest expense 6,562 9,595
Net interest income 77,939 67,565
Provision for loan losses 3,661 3,913
Net interest income after provision for loan losses 74,278 63,652
NONINTEREST INCOME    
Brokerage and insurance revenue 1,860 1,486
Net gains from sale of loans 3,428 5,403
Increase in cash surrender value of life insurance 573 515
Other noninterest income 3,580 3,355
Sub-total 25,857 24,344
Realized gains on available-for-sale debt securities, net 24 169
Total noninterest income 25,881 24,513
NONINTEREST EXPENSE    
Salaries and employee benefits 37,603 33,062
Net occupancy and equipment expense 4,984 4,461
Data processing and telecommunications expense 5,903 5,316
Automated teller machine and interchange expense 1,433 1,231
Pennsylvania shares tax 1,951 1,689
Professional fees 2,243 1,692
Loss on prepayment of borrowings 0 1,636
Merger-related expenses 0 7,708
Other noninterest expense 8,355 8,158
Total noninterest expense 62,472 64,953
Income before income tax provision 37,687 23,212
Income tax provision 7,133 3,990
NET INCOME $ 30,554 $ 19,222
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 1.92 $ 1.30
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 1.92 $ 1.30
Trust revenue    
NONINTEREST INCOME    
Revenue $ 7,234 $ 6,321
Service charges on deposit accounts    
NONINTEREST INCOME    
Revenue 4,633 4,231
Interchange revenue from debit card transactions    
NONINTEREST INCOME    
Revenue 3,855 3,094
Loan servicing fees, net    
NONINTEREST INCOME    
Revenue $ 694 $ (61)