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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans $ 66,371 $ 63,538 $ 54,911
Interest-bearing deposits with banks 447 401 407
Investment securities:      
Taxable 3,820 4,090 4,673
Nontaxable 2,201 1,869 1,492
Dividends 378 398 497
TOTAL INTEREST AND DIVIDEND INCOME 73,217 70,296 61,980
INTEREST EXPENSE:      
Deposits 5,837 6,851 9,219
Borrowed funds 1,268 1,254 2,821
TOTAL INTEREST EXPENSE 7,105 8,105 12,040
NET INTEREST INCOME 66,112 62,191 49,940
Provision for loan losses 1,550 2,400 1,675
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 64,562 59,791 48,265
NON-INTEREST INCOME:      
Service charges 4,755 4,221 4,687
Trust 865 803 750
Brokerage and insurance 1,625 1,297 1,141
Equity security gains (losses), net 339 (41) 120
Available for sale security gains, net 212 305 24
Gains on loans sold 1,283 2,168 473
Earnings on bank owned life insurance 1,828 695 623
Other 1,398 1,974 568
TOTAL NON-INTEREST INCOME 12,305 11,422 8,386
NON-INTEREST EXPENSES:      
Salaries and employee benefits 25,902 24,190 20,456
Occupancy 2,966 2,557 2,174
Furniture and equipment 519 757 674
Professional fees 1,526 1,517 1,423
Federal depository insurance 522 476 75
Pennsylvania shares tax 880 868 808
Amortization of intangibles 192 216 259
Merger and acquisition 0 2,179 466
ORE expenses 439 451 376
Software expenses 1,321 1,155 948
Other 7,283 6,481 5,682
TOTAL NON-INTEREST EXPENSES 41,550 40,847 33,341
Income before provision for income taxes 35,317 30,366 23,310
Provision for income taxes 6,199 5,263 3,820
NET INCOME $ 29,118 $ 25,103 $ 19,490
PER COMMON SHARE DATA:      
EARNINGS PER SHARE - BASIC (in dollars per share) $ 7.38 $ 6.53 $ 5.42
EARNINGS PER SHARE - DILUTED (in dollars per share) 7.38 6.53 5.41
Cash Dividends Paid (in dollars per share) $ 1.86 $ 1.90 $ 1.74
Number of shares used in computation - basic (in shares) 3,945,299 3,844,241 3,597,709
Number of shares used in computation - diluted (in shares) 3,945,299 3,846,082 3,599,805