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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income        
Interest and fees on loans $ 6,475 $ 6,612 $ 12,947 $ 13,106
Interest and dividends on securities:        
U.S. government agencies 1,012 860 1,983 1,603
State and political subdivisions, tax-free 22 560 72 1,270
State and political subdivisions, taxable 97 97 123 195
Other securities 82 76 239 132
Total interest and dividends on securities 1,213 1,593 2,417 3,200
Interest on interest-bearing deposits in other banks 11 13 32 36
Total interest income 7,699 8,218 15,396 16,342
Interest expense        
Interest on deposits 643 819 1,326 1,684
Interest on borrowed funds:        
Interest on Federal Home Loan Bank of Pittsburgh advances 119 113 239 209
Interest on subordinated debentures 565 568 1,128 1,131
Interest on junior subordinated debentures 51 50 100 99
Total interest on borrowed funds 735 731 1,467 1,439
Total interest expense 1,378 1,550 2,793 3,123
Net interest income before provision (credit) for loan and lease losses 6,321 6,668 12,603 13,219
Provision (credit) for loan and lease losses 345 (4,005) (149) (5,575)
Net interest income after provision (credit) for loan and lease losses 5,976 10,673 12,752 18,794
Non-interest income        
Deposit service charges 745 746 1,419 1,436
Net gain on the sale of securities 74 1,480 2,298 3,048
Net gain on the sale of mortgage loans held for sale 16 91 56 166
Net loss on the sale of education loans 0 0 0 (13)
Net gain on the sale of other real estate owned 11 39 16 68
Gain on branch divestitures 0 0 0 607
Loan-related fees 106 98 196 191
Income from bank-owned life insurance 135 164 270 331
Legal settlements 184 2,127 184 2,127
Other 274 217 525 454
Total non-interest income 1,545 4,962 4,964 8,415
Non-interest expense        
Salaries and employee benefits 3,203 3,093 6,342 6,493
Occupancy expense 532 472 1,165 1,116
Equipment expense 442 357 826 713
Advertising expense 159 136 249 244
Data processing expense 501 526 949 1,048
Regulatory assessments 99 450 508 1,123
Bank shares tax 218 175 435 351
Expense of other real estate owned 147 1,818 247 1,981
Legal expense 88 513 251 1,160
Professional fees 286 484 587 934
Insurance expenses 202 279 400 561
Other operating expenses 803 662 1,503 1,232
Total non-interest expense 6,680 8,965 13,462 16,956
Income before income taxes 841 6,670 4,254 10,253
Provision (credit) for income taxes 22 90 (40) 160
Net income $ 819 $ 6,580 $ 4,294 $ 10,093
Earnings per share        
Basic (in Dollars per share) $ 0.05 $ 0.40 $ 0.26 $ 0.61
Diluted (in Dollars per share) 0.05 0.40 0.26 0.61
Cash dividends declared per common share (in Dollars per share) $ 0 $ 0 $ 0 $ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic (in Shares) 16,500,945 16,471,569 16,495,558 16,471,569
Diluted (in Shares) 16,500,945 16,471,569 16,495,558 16,471,992