XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Loans, including fees $ 9,499 $ 11,184 $ 29,346 $ 33,318
Interest and dividends on investments:        
Taxable interest 1,159 695 3,270 1,809
Tax exempt interest 504 200 1,028 819
Dividend income 3 5 12 21
Interesting-bearing deposits in other banks 72 638 412 1,137
Total interest income 11,237 12,722 34,068 37,104
Interest expense        
Deposits 687 1,887 2,933 5,343
Short-term borrowings       36
Subordinate notes 167   167  
Total interest expense 854 1,887 3,100 5,379
Net interest income 10,383 10,835 30,968 31,725
Provision for (recovery of) loan losses 375 (162) 5,350 237
Net interest income after provision for loan losses 10,008 10,997 25,618 31,488
Noninterest income        
Investment and trust services fees 1,433 1,482 4,469 4,582
Loan service charges 710 238 1,496 670
Deposit service charges and fees 497 632 1,459 1,781
Other service charges and fees 382 401 1,065 1,135
Debit card income 491 469 1,347 1,335
Increase in cash surrender value of life insurance 110 127 346 383
Bank owned life insurance gain   9 812 9
Net (losses) gains on sales of debt securities (16) 3 (26) 256
Change in fair value of equity securities (39) (6) (139) 10
Other 35 123 74 181
Total noninterest income 3,603 3,478 10,903 10,342
Noninterest Expense        
Salaries and employee benefits 5,421 5,419 16,337 16,216
Net occupancy 838 831 2,533 2,545
Marketing and advertising 384 324 1,303 1,207
Legal and professional 499 409 1,324 1,310
Data processing 871 693 2,511 2,135
Pennsylvania bank shares tax 263 248 701 734
FDIC Insurance   (76)    
FDIC Insurance 128   276 104
ATM/debit card processing 285 256 828 761
Telecommunications 110 106 323 318
Other 850 781 2,685 2,680
Total noninterest expense 9,649 8,991 28,821 28,010
Income before federal income taxes 3,962 5,484 7,700 13,820
Federal income tax expense (benefit) 500 985 (548) 2,100
Net income $ 3,462 $ 4,499 $ 8,248 $ 11,720
Per share        
Basic earnings per share $ 0.79 $ 1.04 $ 1.90 $ 2.67
Diluted earnings per share $ 0.79 $ 1.03 $ 1.89 $ 2.66