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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans $ 42,127 $ 35,844 $ 29,039
Interest-bearing deposits with banks 186 221 142
Investment securities:      
Taxable 3,095 3,687 3,102
Nontaxable 2,414 2,970 3,152
Dividends 271 283 218
TOTAL INTEREST AND DIVIDEND INCOME 48,093 43,005 35,653
INTEREST EXPENSE:      
Deposits 4,625 4,247 4,113
Borrowed funds 1,214 794 707
TOTAL INTEREST EXPENSE 5,839 5,041 4,820
NET INTEREST INCOME 42,254 37,964 30,833
Provision for loan losses 2,540 1,520 480
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 39,714 36,444 30,353
NON-INTEREST INCOME:      
Service charges 4,456 4,461 4,126
Trust 755 693 673
Brokerage and insurance 635 766 720
Investment securities gains, net 1,035 255 429
Gains on loans sold 578 449 404
Earnings on bank owned life insurance 660 688 628
Other 537 587 443
TOTAL NON-INTEREST INCOME 8,656 7,899 7,423
NON-INTEREST EXPENSES:      
Salaries and employee benefits 17,456 16,410 12,504
Occupancy 1,988 1,900 1,424
Furniture and equipment 603 644 506
Professional fees 1,039 1,094 846
Federal depository insurance 385 572 464
Pennsylvania shares tax 705 690 713
Amortization of intangibles 297 327 0
Merger and acquisition 165 0 1,103
ORE expenses 655 389 969
Other 6,021 6,645 4,900
TOTAL NON-INTEREST EXPENSES 29,314 28,671 23,429
Income before provision for income taxes 19,056 15,672 14,347
Provision for income taxes 6,031 3,034 2,721
NET INCOME $ 13,025 $ 12,638 $ 11,626
PER COMMON SHARE DATA:      
NET INCOME - BASIC (in dollars per share) $ 3.74 $ 3.60 $ 3.60
NET INCOME - DILUTED (in dollars per share) 3.74 3.60 3.60
CASH DIVIDENDS PER SHARE (in dollars per share) $ 1.67 $ 1.58 $ 1.63
Number of shares used in computation - basic (in shares) 3,481,366 3,507,497 3,229,470
Number of shares used in computation - diluted (in shares) 3,483,090 3,509,053 3,230,830