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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME:        
Interest and fees on loans $ 36,418 $ 35,858 $ 107,201 $ 106,058
Interest-bearing deposits with banks 119 190 394 695
Investment securities:        
Taxable 2,595 1,736 7,331 5,023
Nontaxable 684 517 1,815 1,569
Dividends 438 388 1,276 1,179
TOTAL INTEREST INCOME 40,254 38,689 118,017 114,524
INTEREST EXPENSE:        
Deposits 11,501 13,475 35,244 38,451
Borrowed funds 3,613 3,890 10,983 12,491
TOTAL INTEREST EXPENSE 15,114 17,365 46,227 50,942
NET INTEREST INCOME 25,140 21,324 71,790 63,582
Provision (recovery) for credit losses 500 (200) 1,875 2,587
PROVISION (RECOVERY) FOR CREDIT LOSSES 24,640 21,524 69,915 60,995
NON-INTEREST INCOME:        
Service charges 1,598 1,636 4,192 4,393
Trust 186 184 593 629
Brokerage and insurance 761 545 2,071 1,773
Gains on loans sold 709 752 1,720 1,648
Equity security gains, net 34 159 56 127
Gain on sale of Braavo division 0 0 0 1,102
Earnings on bank owned life insurance 363 338 1,064 1,334
Other 203 141 1,250 1,056
TOTAL NON-INTEREST INCOME 3,854 3,755 10,946 12,062
NON-INTEREST EXPENSES:        
Salaries and employee benefits 9,924 9,715 30,189 29,622
Occupancy 1,320 1,215 3,858 3,805
Furniture and equipment 273 260 856 791
Professional fees 493 620 1,535 2,021
FDIC insurance 395 555 1,340 1,589
Pennsylvania shares tax 430 226 1,054 866
Amortization of intangibles 113 136 367 432
Software expenses 457 500 1,342 1,508
Other real estate owned expenses 6 84 198 246
Other 2,723 2,718 7,970 8,038
TOTAL NON-INTEREST EXPENSES 16,134 16,029 48,709 48,918
Income before provision for income taxes 12,360 9,250 32,152 24,139
Provision for income taxes 2,355 1,714 6,063 4,304
NET INCOME $ 10,005 $ 7,536 $ 26,089 $ 19,835
Net Income - Basic (in Dollars per share) $ 2.09 $ 1.57 $ 5.44 $ 4.14
Net Income - Diluted (in Dollars per share) 2.09 1.57 5.44 4.13
Cash Dividends Paid (in Dollars per share) $ 0.5 $ 0.485 $ 1.48 $ 1.446
Number of shares used in computation - basic (in Shares) 4,796,946 4,796,752 4,797,335 4,796,061
Number of shares used in computation - diluted (in Shares) 4,798,051 4,798,297 4,799,466 4,801,000