XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and fees on loans:    
Taxable $ 26,703 $ 22,431
Tax-exempt 545 571
Income from available-for-sale debt securities:    
Taxable 2,136 2,211
Tax-exempt 553 640
Other interest and dividend income 399 286
Total interest and dividend income 30,336 26,139
INTEREST EXPENSE    
Interest on deposits 8,891 3,230
Interest on short-term borrowings 597 1,097
Interest on long-term borrowings - FHLB advances 1,456 681
Interest on senior notes, net 120 120
Interest on subordinated debt, net 231 230
Total interest expense 11,295 5,358
Net interest income 19,041 20,781
Provision (credit) for credit losses 954 (352)
Net interest income after provision (credit) for credit losses 18,087 21,133
NONINTEREST INCOME    
Trust revenue 1,897 1,777
Brokerage and insurance revenue 539 430
Net gains from sale of loans 191 74
Increase in cash surrender value of life insurance 470 138
Other noninterest income 1,017 771
Realized gains on available-for-sale debt securities, net 0 7
Total noninterest income 6,675 5,616
NONINTEREST EXPENSE    
Salaries and employee benefits 11,562 11,427
Net occupancy and equipment expense 1,450 1,402
Data processing and telecommunications expense 1,992 1,936
Automated teller machine and interchange expense 487 475
Pennsylvania shares tax 433 403
Professional fees 518 937
Other noninterest expense 1,862 2,507
Total noninterest expense 18,304 19,087
Income before income tax provision 6,458 7,662
Income tax provision 1,152 1,409
NET INCOME $ 5,306 $ 6,253
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.35 $ 0.40
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 0.35 $ 0.40
Service charges on deposit accounts    
NONINTEREST INCOME    
Revenue $ 1,318 $ 1,290
Interchange revenue from debit card transactions    
NONINTEREST INCOME    
Revenue 1,013 1,007
Loan servicing fees, net    
NONINTEREST INCOME    
Revenue $ 230 $ 122