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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Interest income    
Interest and fees on loans $ 37,818 $ 36,381
Interest and dividends on securities:    
U.S. government agencies 3,545 3,565
State and political subdivisions, tax-free 149 133
State and political subdivisions, taxable 3,263 4,105
Other securities 1,093 813
Total interest and dividends on securities 8,050 8,616
Interest on interest-bearing deposits in other banks 188 88
Total interest income 46,056 45,085
Interest expense    
Interest on deposits 8,101 5,925
Federal Home Loan Bank of Pittsburgh advances 1,241 2,025
Subordinated debentures 24 228
Junior subordinated debentures 430 400
Total interest on borrowed funds 1,695 2,653
Total interest expense 9,796 8,578
Net interest income before provision for loan and lease losses 36,260 36,507
Provision for loan and lease losses 797 2,550
Net interest income after provision for loan and lease losses 35,463 33,957
Non-interest income    
Deposit service charges 3,035 2,885
Net gain (loss) on the sale of available-for-sale securities 1,227 (4)
Net gain (loss) on equity securities 29 (27)
Net gain on the sale of mortgage loans held for sale 253 210
Net gain on the sale of SBA guaranteed loans 322
Net gain on the sale of other real estate owned 20 31
Loan-related fees 378 390
Income from bank-owned life insurance 520 555
Insurance recovery 6,027
Loan referral fees 703
Other 1,455 1,401
Total non-interest income 7,620 11,790
Non-interest expense    
Salaries and employee benefits 15,518 14,780
Occupancy expense 1,948 2,191
Equipment expense 1,319 1,254
Advertising expense 738 699
Data processing expense 3,113 2,799
Regulatory assessments 306 861
Bank shares tax 566 636
Professional fees 1,056 1,028
Other losses 156 598
Other operating expenses 4,962 4,481
Total non-interest expense 29,682 29,327
Income before income tax expense 13,401 16,420
Income tax expense 2,326 3,071
Net income $ 11,075 $ 13,349
Earnings per share    
Basic (in dollars per share) $ 0.56 $ 0.79
Diluted (in dollars per share) 0.56 0.79
Cash dividends declared per common share (in dollars per share) $ 0.20 $ 0.17
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:    
Basic (in shares) 19,802,095 16,799,004
Diluted (in shares) 19,807,592 16,820,753