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CONSOLIDATED STATEMENT OF INCOME (LOSS) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST INCOME:        
Interest and fees on loans $ 24,117 $ 17,120 $ 46,666 $ 33,040
Interest-bearing deposits with banks 127 156 198 272
Investment securities:        
Taxable 1,683 1,424 3,239 2,536
Nontaxable 572 617 1,189 1,200
Dividends 311 90 625 174
TOTAL INTEREST INCOME 26,810 19,407 51,917 37,222
INTEREST EXPENSE:        
Deposits 5,480 1,356 9,419 2,631
Borrowed funds 3,409 322 6,497 600
TOTAL INTEREST EXPENSE 8,889 1,678 15,916 3,231
NET INTEREST INCOME 17,921 17,729 36,001 33,991
Provision for credit losses 262 450 262 700
Provision for credit losses - acquisition day 1 non-PCD 4,591 0 4,591 0
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 13,068 17,279 31,148 33,291
NON-INTEREST INCOME:        
Service charges 1,293 1,324 2,504 2,572
Trust 181 184 411 433
Brokerage and insurance 442 501 956 982
Gains on loans sold 169 41 214 146
Equity security losses, net (74) (134) (292) (179)
Available for sale security losses, net (51) 0 (51) 0
Earnings on bank owned life insurance 234 212 452 419
Other 86 176 260 362
TOTAL NON-INTEREST INCOME 2,280 2,304 4,454 4,735
NON-INTEREST EXPENSES:        
Salaries and employee benefits 7,916 7,117 15,593 14,030
Occupancy 814 754 1,649 1,548
Furniture and equipment 162 166 313 295
Professional fees 387 394 768 733
FDIC insurance 325 145 625 280
Pennsylvania shares tax 298 339 596 678
Amortization of intangibles 31 40 62 80
Merger and acquisition 8,402 0 8,646 0
Software expenses 372 358 723 699
ORE (recovery) expenses (11) 120 15 (247)
Other 1,984 1,767 3,468 3,335
TOTAL NON-INTEREST EXPENSES 20,680 11,200 32,458 21,431
Income (loss) before provision for income taxes (5,332) 8,383 3,144 16,595
Provision for income taxes (benefit) (1,188) 1,482 421 2,954
NET INCOME (LOSS) $ (4,144) $ 6,901 $ 2,723 $ 13,641
PER COMMON SHARE DATA:        
Net (Loss) Income - Basic (in dollars per share) $ (1.01) $ 1.72 $ 0.67 $ 3.4
Net (Loss) Income - Diluted (in dollars per share) (1.01) 1.72 0.67 3.4
Cash Dividends Paid (in dollars per share) $ 0.48 $ 0.466 $ 0.961 $ 0.93
Number of shares used in computation - basic (in shares) 4,113,377 4,012,611 4,059,416 4,008,830
Number of shares used in computation - diluted (in shares) 4,113,377 4,012,626 4,059,416 4,008,934