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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and fees on loans:        
Taxable $ 17,927 $ 18,075 $ 36,476 $ 37,566
Tax-exempt 467 411 921 850
Income from available-for-sale debt securities:        
Taxable 2,036 1,187 4,005 2,300
Tax-exempt 768 663 1,490 1,305
Other interest and dividend income 111 92 190 161
Total interest and dividend income 21,309 20,428 43,082 42,182
INTEREST EXPENSE        
Interest on deposits 1,130 1,217 2,040 2,495
Interest on short-term borrowings 122 7 123 22
Interest on long-term borrowings - FHLB advances 55 109 104 243
Interest on senior notes, net 120 57 238 57
Interest on subordinated debt, net 257 357 620 601
Total interest expense 1,684 1,747 3,125 3,418
Net interest income 19,625 18,681 39,957 38,764
Provision for loan losses 308 744 1,199 1,003
Net interest income after provision for loan losses 19,317 17,937 38,758 37,761
NONINTEREST INCOME        
Brokerage and insurance revenue 566 506 1,088 832
Net gains from sale of loans 220 925 602 1,989
Increase in cash surrender value of life insurance 137 145 272 295
Other noninterest income 1,456 700 2,044 2,172
Realized (losses) gains on available-for-sale debt securities, net (1) 2 1 2
Total noninterest income 6,829 6,302 12,652 13,084
NONINTEREST EXPENSE        
Salaries and employee benefits 10,265 9,499 20,872 18,394
Net occupancy and equipment expense 1,308 1,219 2,719 2,523
Data processing and telecommunications expense 1,720 1,487 3,343 2,867
Automated teller machine and interchange expense 347 355 731 692
Pennsylvania shares tax 488 490 976 981
Professional fees 480 598 969 1,145
Other noninterest expense 2,431 1,751 4,315 4,506
Total noninterest expense 17,039 15,399 33,925 31,108
Income before income tax provision 9,107 8,840 17,485 19,737
Income tax provision 1,618 1,780 3,101 3,890
NET INCOME $ 7,489 $ 7,060 $ 14,384 $ 15,847
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.48 $ 0.44 $ 0.92 $ 0.99
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 0.48 $ 0.44 $ 0.92 $ 0.99
Trust revenue        
NONINTEREST INCOME        
Revenue $ 1,715 $ 1,807 $ 3,501 $ 3,433
Service charges on deposit accounts        
NONINTEREST INCOME        
Revenue 1,322 1,073 2,557 2,088
Interchange revenue from debit card transactions        
NONINTEREST INCOME        
Revenue 1,056 998 2,019 1,879
Loan servicing fees, net        
NONINTEREST INCOME        
Revenue $ 358 $ 146 $ 568 $ 394