XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements Of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans, including fees $ 11,125 $ 10,126 $ 22,134 $ 19,703
Interest and dividends on investments:        
Taxable interest 575 528 1,114 1,041
Tax exempt interest 281 295 620 569
Dividend income 12 4 16 10
Deposits and obligations of other banks 403 100 499 218
Total interest income 12,396 11,053 24,383 21,541
Interest expense        
Deposits 1,833 952 3,457 1,747
Short-term borrowings   2 36 2
Total interest expense 1,833 954 3,493 1,749
Net interest income 10,563 10,099 20,890 19,792
Provision for loan losses   9,129 399 9,329
Net interest income after provision for loan losses 10,563 970 20,491 10,463
Noninterest income        
Investment and trust services fees 1,647 1,464 3,099 2,861
Loan service charges 228 217 431 449
Deposit service charges and fees 603 574 1,149 1,148
Other service charges and fees 381 353 734 686
Debit card income 464 417 866 802
Increase in cash surrender value of life insurance 128 129 255 257
OTTI gains on securities     (37,300)  
Net gains on sales of debt securities 229 52 253 52
Change in fair value of equity securities 13 (7) 16 38
Other 3 22 59 76
Total noninterest income 3,696 3,221 6,862 6,369
Noninterest Expense        
Salaries and employee benefits 5,355 5,096 10,797 10,082
Occupancy, furniture and equipment, net 858 787 1,715 1,602
Advertising 481 341 883 768
Legal and professional 471 442 901 771
Data processing 738 604 1,443 1,200
Pennsylvania bank shares tax 243 234 486 473
FDIC Insurance 115 164 180 293
ATM/debit card processing 247 237 505 476
Foreclosed real estate (12) 41 5 55
Telecommunications 107 124 211 232
Provision for credit losses on off-balance sheet exposures   2,361   2,361
Other 1,003 757 1,891 1,524
Total noninterest expense 9,606 11,188 19,017 19,837
Income (loss) before federal income taxes 4,653 (6,997) 8,336 (3,005)
Federal income tax expense (benefit) 669 (1,816) 1,115 (1,326)
Net income (loss) $ 3,984 $ (5,181) $ 7,221 $ (1,679)
Per share        
Basic earnings (loss) per share $ 0.91 $ (1.18) $ 1.64 $ (0.38)
Diluted earnings (loss) per share 0.90 (1.18) 1.63 (0.38)
Cash dividends declared $ 0.30 $ 0.27 $ 0.57 $ 0.51