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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Loans, including fees $ 9,805 $ 9,499 $ 28,373 $ 29,346
Interest and dividends on investments:        
Taxable interest 1,906 1,159 5,284 3,270
Tax exempt interest 526 504 1,588 1,028
Dividend income 1 3 17 12
Interesting-bearing deposits in other banks 66 72 178 412
Total interest income 12,304 11,237 35,440 34,068
Interest expense        
Deposits 447 687 1,390 2,933
Subordinate notes 263 167 788 167
Total interest expense 710 854 2,178 3,100
Net interest income 11,594 10,383 33,262 30,968
Provision for (recovery of) loan losses   375 (1,900) 5,350
Net interest income after provision for loan losses 11,594 10,008 35,162 25,618
Noninterest income        
Investment and trust services fees 1,740 1,433 5,282 4,469
Loan service charges 224 206 647 620
Gain on sale of loans 529 504 1,866 876
Deposit service charges and fees 674 497 1,613 1,459
Other service charges and fees 397 382 1,214 1,065
Debit card income 550 491 1,642 1,347
Increase in cash surrender value of Bank owned life insurance 109 110 336 346
Bank owned life insurance gain 147   147 812
Gains (losses) on sales of debt securities   (16) 91 (26)
Change in fair value of equity securities (9) (39) 83 (139)
Gain on sale of premises 1,776   1,776  
Other 45 35 202 74
Total noninterest income 6,182 3,603 14,899 10,903
Noninterest Expense        
Salaries and employee benefits 5,958 5,421 17,861 16,337
Net occupancy 908 838 2,675 2,533
Marketing and advertising 413 384 1,153 1,303
Legal and professional 579 499 1,552 1,324
Data processing 1,040 871 2,857 2,511
Pennsylvania bank shares tax 308 263 708 701
FDIC Insurance 181 128 563 276
ATM/debit card processing 342 285 967 828
Telecommunications 101 110 314 323
Nonservice pension 257 88 651 176
Other 899 762 1,964 2,509
Total noninterest expense 10,986 9,649 31,265 28,821
Income before federal income taxes 6,790 3,962 18,796 7,700
Federal income tax expense (benefit) 928 500 2,833 (548)
Net income $ 5,862 $ 3,462 $ 15,963 $ 8,248
Per share        
Basic earnings per share $ 1.32 $ 0.79 $ 3.61 $ 1.90
Diluted earnings per share $ 1.31 $ 0.79 $ 3.60 $ 1.89