XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME:        
Interest and fees on loans $ 13,776 $ 12,461 $ 27,090 $ 24,322
Interest-bearing deposits with banks 104 66 208 124
Investment securities:        
Taxable 1,128 916 2,236 1,716
Nontaxable 374 474 731 1,001
Dividends 120 111 254 248
TOTAL INTEREST INCOME 15,502 14,028 30,519 27,411
INTEREST EXPENSE:        
Deposits 2,398 1,585 4,712 2,901
Borrowed funds 768 692 1,556 1,339
TOTAL INTEREST EXPENSE 3,166 2,277 6,268 4,240
NET INTEREST INCOME 12,336 11,751 24,251 23,171
Provision for loan losses 350 325 750 825
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,986 11,426 23,501 22,346
NON-INTEREST INCOME:        
Revenue from customers 1,720 1,566 3,455 3,187
Gains on loans sold 64 60 163 132
Equity security gains, net 30 7 41 13
Earnings on bank owned life insurance 154 154 305 306
Other 135 133 283 273
TOTAL NON-INTEREST INCOME 2,027 1,842 4,060 3,748
NON-INTEREST EXPENSES:        
Salaries and employee benefits 5,004 4,737 10,033 9,572
Occupancy 517 514 1,109 1,106
Furniture and equipment 181 122 336 264
Professional fees 316 367 758 766
FDIC insurance 105 107 216 207
Pennsylvania shares tax 275 300 550 600
Amortization of intangibles 66 74 132 150
ORE expenses 109 52 216 86
Other 1,664 1,429 3,209 2,783
TOTAL NON-INTEREST EXPENSES 8,237 7,702 16,559 15,534
Income before provision for income taxes 5,776 5,566 11,002 10,560
Provision for income taxes 930 875 1,751 1,622
NET INCOME $ 4,846 $ 4,691 $ 9,251 $ 8,938
PER COMMON SHARE DATA:        
Net Income - Basic (in dollars per share) $ 1.38 $ 1.32 $ 2.62 $ 2.52
Net Income - Diluted (in dollars per share) $ 1.38 $ 1.32 $ 2.62 $ 2.52
Number of shares used in computation - basic (in shares) 3,523,135 3,541,703 3,525,788 3,544,343
Number of shares used in computation - diluted (in shares) 3,524,517 3,543,170 3,526,483 3,544,974
Service Charges [Member]        
NON-INTEREST INCOME:        
Revenue from customers $ 1,174 $ 1,170 $ 2,273 $ 2,274
Trust [Member]        
NON-INTEREST INCOME:        
Revenue from customers 209 150 441 401
Brokerage and Insurance [Member]        
NON-INTEREST INCOME:        
Revenue from customers $ 261 $ 168 $ 554 $ 349