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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Interest and fees on loans $ 9,407 $ 8,288
Interest and dividends on securities:    
U.S. government agencies 893 890
State and political subdivisions, tax free 37 20
State and political subdivisions, taxable 1,021 1,024
Other securities 205 195
Total interest and dividends on securities 2,156 2,129
Interest on interest-bearing deposits in other banks 46 23
Total interest income 11,609 10,440
Interest expense    
Interest on deposits 2,238 1,067
Interest on borrowed funds:    
Interest on Federal Home Loan Bank of Pittsburgh advances 287 352
Interest on subordinated debentures 24 56
Interest on junior subordinated debentures 114 87
Total interest on borrowed funds 425 495
Total interest expense 2,663 1,562
Net interest income before (credit) provision for loan and lease losses 8,946 8,878
(Credit) provision for loan and lease losses (154) 720
Net interest income after (credit) provision for loan and lease losses 9,100 8,158
Non-interest income    
Deposit service charges 685 702
Net gain on the sale of available-for-sale debt securities 160
Net gain (loss) on equity securities 12 (19)
Net gain on the sale of mortgage loans held for sale 56 49
Net gain on the sale of SBA guaranteed loans 251
Net gain on the sale of other real estate owned 38
Loan-related fees 79 84
Income from bank-owned life insurance 131 134
Other 392 280
Total non-interest income 1,515 1,519
Non-interest expense    
Salaries and employee benefits 3,899 3,666
Occupancy expense 550 603
Equipment expense 307 314
Advertising expense 197 113
Data processing expense 781 648
Regulatory assessments 168 201
Bank shares tax 278 267
Expense of other real estate owned 51 45
Professional fees 332 296
Insurance expense 126 135
Other losses 9 41
Other operating expenses 727 903
Total non-interest expense 7,425 7,232
Income before income tax expense 3,190 2,445
Income tax expense 555 426
Net income $ 2,635 $ 2,019
Earnings per share    
Basic (in dollars per share) $ 0.14 $ 0.12
Diluted (in dollars per share) 0.14 0.12
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.04
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:    
Basic (in shares) 18,720,502 16,763,401
Diluted (in shares) 18,733,652 16,789,336