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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Loans, including fees $ 11,184 $ 10,565 $ 33,318 $ 30,268
Interest and dividends on investments:        
Taxable interest 695 507 1,809 1,548
Tax exempt interest 200 293 819 862
Dividend income 5 4 21 15
Deposits and obligations of other banks 638 108 1,137 326
Total interest income 12,722 11,477 37,104 33,019
Interest expense        
Deposits 1,887 1,101 5,343 2,847
Short-term borrowings   21 36 24
Total interest expense 1,887 1,122 5,379 2,871
Net interest income 10,835 10,355 31,725 30,148
Provision for loan losses (162) 250 237 9,579
Net interest income after provision for loan losses 10,997 10,105 31,488 20,569
Noninterest income        
Investment and trust services fees 1,482 1,424 4,582 4,285
Loan service charges 238 191 670 640
Deposit service charges and fees 632 578 1,781 1,726
Other service charges and fees 401 357 1,135 1,043
Debit card income 469 422 1,335 1,224
Increase in cash surrender value of life insurance 127 129 383 386
Other real estate owned gains, net 9   9  
OTTI gains on securities     (48,900)  
Net gains on sales of debt securities 3 5 256 56
Change in fair value of equity securities (6) (20) 10 18
Other 123 34 181 111
Total noninterest income 3,478 3,120 10,342 9,489
Noninterest Expense        
Salaries and employee benefits 5,419 4,947 16,216 15,029
Net occupancy 831 780 2,545 2,383
Marketing and advertising 324 345 1,207 1,113
Legal and professional 409 436 1,310 1,207
Data processing 693 591 2,135 1,791
Pennsylvania bank shares tax 248 239 734 712
FDIC Insurance (76)      
FDIC Insurance   159 104 452
ATM/debit card processing 256 258 761 734
Foreclosed real estate 24 (8) 29 46
Telecommunications 106 95 318 327
Provision for credit losses on off-balance sheet exposures       2,361
Other 757 729 2,651 2,253
Total noninterest expense 8,991 8,571 28,010 28,408
Income before federal income taxes 5,484 4,654 13,820 1,650
Federal income tax expense (benefit) 985 654 2,100 (671)
Net income $ 4,499 $ 4,000 $ 11,720 $ 2,321
Per share        
Basic earnings per share $ 1.04 $ 0.91 $ 2.67 $ 0.53
Diluted earnings per share 1.03 0.91 2.66 0.53
Cash dividends declared $ 0.30 $ 0.27 $ 0.87 $ 0.78