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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Interest and fees on loans $ 9,501 $ 7,576 $ 26,820 $ 21,748
Interest and dividends on securities:        
U.S. government agencies 899 816 2,675 2,566
State and political subdivisions, tax-free 37 7 95 42
State and political subdivisions, taxable 1,028 1,016 3,079 2,816
Other securities 211 166 646 409
Total interest and dividends on securities 2,175 2,005 6,495 5,833
Interest on interest-bearing deposits in other banks 17 24 52 146
Total interest income 11,693 9,605 33,367 27,727
Interest expense        
Interest on deposits 1,559 943 3,760 2,513
Interest on borrowed funds:        
Federal Home Loan Bank of Pittsburgh advances 715 163 1,774 424
Subordinated debentures 58 97 171 323
Junior subordinated debentures 106 77 292 219
Total interest on borrowed funds 879 337 2,237 966
Total interest expense 2,438 1,280 5,997 3,479
Net interest income before provision for loan and lease losses 9,255 8,325 27,370 24,248
Provision for loan and lease losses 1,149 543 2,749 486
Net interest income after provision for loan and lease losses 8,106 7,782 24,621 23,762
Non-interest income        
Net gain (loss) on the sale of available-for-sale securities 367 (4) 1,338
Net loss on equity securities (8) (34)
Net gain on the sale of mortgage loans held for sale 71 106 171 241
Net gain on the sale of SBA guaranteed loans 23 322 79
Net gain on the sale of other repossessed assets 47
Net gain on the sale of other real estate owned 31 57
Loan-related fees 85 96 245 252
Income from bank-owned life insurance 141 129 413 399
Merchant services revenue 135 108 365 307
Other 185 157 699 440
Total non-interest income 1,320 1,714 4,368 5,307
Non-interest expense        
Salaries and employee benefits 3,581 3,247 10,732 10,069
Occupancy expense 500 394 1,629 1,567
Equipment expense 299 474 936 1,380
Advertising expense 193 119 519 424
Data processing expense 745 506 2,040 1,502
Regulatory assessments 251 160 648 497
Bank shares tax 278 252 767 762
Expense of other real estate owned 91 104 191 432
Professional fees 241 206 733 662
Insurance expense 130 132 398 385
Other losses 28 49 155 334
Other operating expenses 851 754 2,638 2,251
Total non-interest expense 7,188 6,397 21,386 20,265
Income before income tax expense 2,238 3,099 7,603 8,804
Income tax expense 388 827 1,322 2,543
Net income $ 1,850 $ 2,272 $ 6,281 $ 6,261
Earnings per share        
Basic (in dollars per share) $ 0.11 $ 0.14 $ 0.37 $ 0.37
Diluted (in dollars per share) 0.11 0.14 0.37 0.37
Cash dividends declared per common share (in dollars per share) $ 0.04 $ 0.03 $ 0.12 $ 0.09
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic (in shares) 16,818,625 16,757,963 16,791,815 16,711,172
Diluted (in shares) 16,838,547 16,777,671 16,813,948 16,728,852
Financial Service [Member]        
Non-interest income        
Deposit service charges $ 711 $ 728 $ 2,160 $ 2,147