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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME:    
Interest and fees on loans $ 11,861 $ 9,717
Interest-bearing deposits with banks 58 35
Investment securities:    
Taxable 800 804
Nontaxable 527 668
Dividends 137 76
TOTAL INTEREST INCOME 13,383 11,300
INTEREST EXPENSE:    
Deposits 1,316 1,045
Borrowed funds 647 258
TOTAL INTEREST EXPENSE 1,963 1,303
NET INTEREST INCOME 11,420 9,997
Provision for loan losses 500 615
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 10,920 9,382
NON-INTEREST INCOME:    
Revenue from customers 1,621  
Gains on loans sold 72 101
Equity security gains, net 6 0
Available for sale security gains, net 0 172
Earnings on bank owned life insurance 152 166
Other 140 126
TOTAL NON-INTEREST INCOME 1,906 2,035
NON-INTEREST EXPENSES:    
Salaries and employee benefits 4,835 4,366
Occupancy 592 527
Furniture and equipment 142 139
Professional fees 295 310
FDIC insurance 100 105
Pennsylvania shares tax 300 281
Amortization of intangibles 76 76
ORE expenses 138 90
Other 1,354 1,297
TOTAL NON-INTEREST EXPENSES 7,832 7,191
Income before provision for income taxes 4,994 4,226
Provision for income taxes 747 923
NET INCOME $ 4,247 $ 3,303
PER COMMON SHARE DATA:    
Net Income - Basic (in dollars per share) $ 1.22 $ 0.94
Net Income - Diluted (in dollars per share) 1.22 0.94
Cash Dividends Paid (in dollars per share) $ 0.435 $ 0.405
Number of shares used in computation - basic (in shares) 3,478,280 3,479,180
Number of shares used in computation - diluted (in shares) 3,478,643 3,479,200
Service Charges [Member]    
NON-INTEREST INCOME:    
Revenue from customers $ 1,104 $ 1,058
Trust [Member]    
NON-INTEREST INCOME:    
Revenue from customers 251 221
Brokerage and Insurance [Member]    
NON-INTEREST INCOME:    
Revenue from customers $ 181 $ 191