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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest income    
Loans, including fees $ 58,277 $ 41,931
Interest and dividends on investments:    
Taxable interest 14,790 9,954
Tax exempt interest 1,232 2,060
Dividend income 56 21
Deposits and obligations of other banks 2,407 2,483
Total interest income 76,762 56,449
Interest expense    
Deposits 18,843 3,816
Federal Reserve Bank borrowings 2,374  
FHLB advances 857  
Subordinate notes 1,051 1,047
Total interest expense 23,125 4,863
Net interest income 53,637 51,586
Provision for credit losses 2,589 650
Provision for credit losses - unfunded commitments 135  
Net interest income after provision for credit losses 50,913 50,936
Noninterest income    
Wealth management fees 7,512 7,152
Loan service charges 811 724
Gain on sale of loans 199 770
Deposit service charges and fees 2,492 2,527
Other service charges and fees 1,852 1,724
Debit card income 2,157 1,868
Increase in cash surrender value of life insurance 448 436
Net (losses) gains on sales of debt securities (1,119) (91)
Change in fair value of equity securities 16 (69)
Other 483 209
Total noninterest income 14,851 15,250
Noninterest Expense    
Salaries and employee benefits 28,813 28,094
Net occupancy 4,398 4,069
Marketing and advertising 2,071 1,915
Legal and professional 2,301 2,202
Data processing 4,792 4,751
Pennsylvania bank shares tax 745 1,148
FDIC Insurance 851 736
ATM/debit card processing 1,235 1,428
Telecommunications 405 396
Nonservice pension (117) 567
Lease termination 495  
Other 4,022 3,385
Total noninterest expense 50,011 48,691
Income before federal income taxes 15,753 17,495
Federal income tax expense 2,155 2,557
Net income $ 13,598 $ 14,938
Per share    
Basic earnings per share $ 3.11 $ 3.38
Diluted earnings per share $ 3.10 $ 3.36