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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income        
Interest and fees on loans $ 7,576 $ 7,098 $ 21,748 $ 20,984
Interest and dividends on securities:        
U.S. government agencies 816 848 2,566 2,678
State and political subdivisions, tax-free 7 9 42 30
State and political subdivisions, taxable 1,016 675 2,816 1,834
Other securities 166 127 409 432
Total interest and dividends on securities 2,005 1,659 5,833 4,974
Interest on interest-bearing deposits in other banks 24 8 146 14
Total interest income 9,605 8,765 27,727 25,972
Interest expense        
Interest on deposits 943 704 2,513 2,009
Interest on borrowed funds:        
Interest on Federal Home Loan Bank of Pittsburgh advances 163 157 424 472
Interest on subordinated debentures 97 162 323 480
Interest on junior subordinated debentures 77 62 219 180
Total interest on borrowed funds 337 381 966 1,132
Total interest expense 1,280 1,085 3,479 3,141
Net interest income before provision (credit) for loan and lease losses 8,325 7,680 24,248 22,831
Provision (credit) for loan and lease losses 543 (234) 486 858
Net interest income after provision (credit) for loan and lease losses 7,782 7,914 23,762 21,973
Non-interest income        
Deposit service charges 728 739 2,147 2,157
Net gain on the sale of available-for-sale securities 367 1,338 960
Net gain on the sale of mortgage loans held for sale 106 99 241 238
Net gain on the sale of SBA guaranteed loans 23 51 79 51
Net gain on the sale of other repossessed assets 47
Net gain on the sale of other real estate owned 32 57 29
Loan-related fees 96 85 252 287
Income from bank-owned life insurance 129 137 399 426
Other 265 237 747 657
Total non-interest income 1,714 1,380 5,307 4,805
Non-interest expense        
Salaries and employee benefits 3,247 3,263 10,069 10,366
Occupancy expense 394 479 1,567 1,301
Equipment expense 474 429 1,380 1,277
Advertising expense 119 157 424 422
Data processing expense 506 505 1,502 1,522
Regulatory assessments 160 199 497 629
Bank shares tax 252 253 762 746
Expense of other real estate owned 104 95 432 335
Legal expense 23 79 115 285
Professional fees 206 157 662 716
Insurance expense 132 131 385 384
Other losses 49 67 334 234
Other operating expenses 731 739 2,136 2,165
Total non-interest expense 6,397 6,553 20,265 20,382
Income before income tax expense 3,099 2,741 8,804 6,396
Income tax expense 827 724 2,543 1,611
Net income $ 2,272 $ 2,017 $ 6,261 $ 4,785
Earnings per share        
Basic (in dollars per share) $ 0.14 $ 0.12 $ 0.37 $ 0.29
Diluted (in dollars per share) 0.14 0.12 0.37 0.29
Cash dividends declared per common share (in dollars per share) $ 0.03 $ 0.02 $ 0.09 $ 0.06
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic (in shares) 16,757,963 16,593,811 16,711,172 16,554,391
Diluted (in shares) 16,777,671 16,593,811 16,728,852 16,556,154