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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans $ 54,911 $ 50,458 $ 42,127
Interest-bearing deposits with banks 407 319 186
Investment securities:      
Taxable 4,673 3,790 3,095
Nontaxable 1,492 1,744 2,414
Dividends 497 447 271
TOTAL INTEREST AND DIVIDEND INCOME 61,980 56,758 48,093
INTEREST EXPENSE:      
Deposits 9,219 6,910 4,625
Borrowed funds 2,821 2,664 1,214
TOTAL INTEREST EXPENSE 12,040 9,574 5,839
NET INTEREST INCOME 49,940 47,184 42,254
Provision for loan losses 1,675 1,925 2,540
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 48,265 45,259 39,714
NON-INTEREST INCOME:      
Revenue from customers 6,926 6,512  
Equity security gains, net 120 0 0
Available for sale security gains (losses), net 24 (19) 1,035
Gains on loans sold 473 382 578
Earnings on bank owned life insurance 623 622 660
Other 568 588 537
TOTAL NON-INTEREST INCOME 8,386 7,735 8,656
NON-INTEREST EXPENSES:      
Salaries and employee benefits 20,456 19,094 17,655
Occupancy 2,174 2,126 1,988
Furniture and equipment 674 536 603
Professional fees 1,423 1,925 1,299
Federal depository insurance 75 417 385
Pennsylvania shares tax 808 835 705
Amortization of intangibles 259 296 297
Merger and acquisition 466 0 165
ORE expenses 376 158 395
Software expenses 948 876 795
Other 5,682 5,294 5,027
TOTAL NON-INTEREST EXPENSES 33,341 31,557 29,314
Income before provision for income taxes 23,310 21,437 19,056
Provision for income taxes 3,820 3,403 6,031
NET INCOME $ 19,490 $ 18,034 $ 13,025
PER COMMON SHARE DATA:      
NET INCOME - BASIC (in dollars per share) $ 5.54 $ 5.09 $ 3.67
NET INCOME - DILUTED (in dollars per share) 5.53 5.09 3.67
CASH DIVIDENDS PER SHARE (in dollars per share) $ 1.78 $ 1.73 $ 1.64
Number of shares used in computation - basic (in shares) 3,520,832 3,539,674 3,550,094
Number of shares used in computation - diluted (in shares) 3,522,928 3,541,662 3,551,818
Service Charges [Member]      
NON-INTEREST INCOME:      
Revenue from customers $ 4,687 $ 4,667 $ 4,456
Trust [Member]      
NON-INTEREST INCOME:      
Revenue from customers 750 705 755
Brokerage and Insurance [Member]      
NON-INTEREST INCOME:      
Revenue from customers $ 1,141 $ 790 $ 635