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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans $ 29,039 $ 28,324 $ 28,982
Interest-bearing deposits with banks 142 82 40
Investment securities:      
Taxable 3,102 3,337 3,721
Nontaxable 3,152 3,354 3,405
Dividends 218 194 86
TOTAL INTEREST AND DIVIDEND INCOME 35,653 35,291 36,234
INTEREST EXPENSE:      
Deposits 4,113 4,347 5,107
Borrowed funds 707 606 1,208
TOTAL INTEREST EXPENSE 4,820 4,953 6,315
NET INTEREST INCOME 30,833 30,338 29,919
Provision for loan losses 480 585 405
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 30,353 29,753 29,514
NON-INTEREST INCOME:      
Service charges 4,126 4,297 4,453
Trust 673 688 694
Brokerage and insurance 720 567 444
Investment securities gains, net 429 616 441
Gains on loans sold 404 236 443
Earnings on bank owned life insurance 628 507 502
Other 443 445 446
TOTAL NON-INTEREST INCOME 7,423 7,356 7,423
NON-INTEREST EXPENSES:      
Salaries and employee benefits 12,504 11,505 11,392
Occupancy 1,424 1,287 1,271
Furniture and equipment 506 362 492
Professional fees 846 820 781
Federal depository insurance 464 461 450
Pennsylvania shares tax 713 686 640
Merger and acquisition 1,103 237 55
ORE expenses 969 299 191
Other 4,900 4,508 4,538
TOTAL NON-INTEREST EXPENSES 23,429 20,165 19,810
Income before provision for income taxes 14,347 16,944 17,127
Provision for income taxes 2,721 3,559 3,752
NET INCOME $ 11,626 $ 13,385 $ 13,375
PER COMMON SHARE DATA:      
NET INCOME - BASIC (in dollars per share) $ 3.84 $ 4.41 $ 4.38
NET INCOME - DILUTED (in dollars per share) 3.83 4.40 4.38
CASH DIVIDENDS PER SHARE (in dollars per share) $ 1.73 $ 2.17 $ 1.21
Number of shares used in computation - basic (in shares) 3,031,282 3,038,298 3,055,034
Number of shares used in computation - diluted (in shares) 3,032,642 3,039,593 3,056,204