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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income        
Loans, including fees $ 14,069 $ 9,754 $ 26,405 $ 18,821
Interest and dividends on investments:        
Taxable interest 3,327 2,168 6,777 4,010
Tax exempt interest 313 524 679 1,049
Dividend income 11 8 19 9
Interesting-earnings deposits in other banks 791 421 1,214 520
Total interest income 18,511 12,875 35,094 24,409
Interest expense        
Deposits 4,378 504 7,808 967
Short-term borrowings 677   728  
Subordinate notes 261 260 526 523
Total interest expense 5,316 764 9,062 1,490
Net interest income 13,195 12,111 26,032 22,919
Provision for credit losses - loans 524   991  
Provision for credit losses - unfunded commitments 8   70  
Net interest income after credit loss expense 12,663 12,111 24,971 22,919
Noninterest income        
Investment and trust services fees 1,959 1,918 3,793 3,746
Loan service charges 120 240 422 356
Gain on sale of loans 45 255 118 509
Deposit service charges and fees 616 634 1,199 1,257
Other service charges and fees 430 437 862 849
Debit card income 547 438 1,050 896
Increase in cash surrender value of Bank owned life insurance 111 109 220 217
Net losses on sales of debt securities (517) (19) (1,119) (19)
Change in fair value of equity securities (8) 4 (32) 15
Other 226 75 241 150
Total noninterest income 3,529 4,091 6,754 7,976
Noninterest Expense        
Salaries and employee benefits 7,283 7,045 14,220 13,410
Net occupancy 1,112 979 2,222 1,952
Marketing and advertising 550 460 1,069 957
Legal and professional 454 484 1,005 999
Data processing 1,118 1,261 2,178 2,398
Pennsylvania bank shares tax 174 335 397 478
FDIC Insurance 198 170 380 353
ATM/debit card processing 307 360 601 706
Telecommunications 98 106 197 199
Nonservice pension (29) 69 (59) 138
Lease termination 495   495  
Other 888 760 1,962 1,706
Total noninterest expense 12,648 12,029 24,667 23,296
Income before federal income taxes 3,544 4,173 7,058 7,599
Federal income tax expense 568 595 790 1,009
Net income $ 2,976 $ 3,578 $ 6,268 $ 6,590
Per share        
Basic earnings per share $ 0.68 $ 0.80 $ 1.43 $ 1.48
Diluted earnings per share $ 0.68 $ 0.80 $ 1.42 $ 1.47