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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest income    
Interest and fees on loans and leases $ 47,193 $ 41,049
Interest and dividends on securities:    
Taxable 10,281 8,237
Tax-exempt 2,662 2,086
Dividends 549 239
Total interest and dividends on securities 13,492 10,562
Interest on interest-bearing deposits in other banks 91 88
Total interest income 60,776 51,699
Interest expense    
Interest on deposits 3,970 2,508
Interest on borrowed funds:    
Federal Reserve Bank Discount Window advances 3 0
Federal Home Loan Bank of Pittsburgh advances 2,401 6
Junior subordinated debentures 358 191
Total interest on borrowed funds 2,762 197
Total interest expense 6,732 2,705
Net interest income before provision for loan and lease losses 54,044 48,994
Provision for loan and lease losses 1,962 166
Net interest income after provision for loan and lease losses 52,082 48,828
Non-interest income    
Deposit service charges 4,415 3,877
Net (loss) gain on the sale of available-for-sale debt securities (223) 213
Net (loss) gain on equity securities (34) 701
Net gain on the sale of mortgage loans held for sale 205 352
Loan-related fees 243 390
Income from bank-owned life insurance 710 541
Bank-owned life insurance settlement 273 426
Merchant services revenue 712 593
Other 1,680 1,175
Total non-interest income 7,981 8,268
Non-interest expense    
Salaries and employee benefits 19,283 16,697
Occupancy expense 2,093 2,039
Equipment expense 1,295 1,338
Advertising expense 801 712
Data processing expense 4,027 3,689
Regulatory assessments 811 609
Bank shares tax 915 975
Professional fees 1,273 674
Other operating expenses 4,976 4,336
Total non-interest expense 35,474 31,069
Income before income tax expense 24,589 26,027
Income tax expense 4,144 4,656
Net income $ 20,445 $ 21,371
Earnings per share    
Basic (in dollars per share) $ 1.04 $ 1.06
Diluted (in dollars per share) 1.03 1.06
Cash dividends declared per common share (in dollars per share) $ 0.33 $ 0.27
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:    
Basic (in shares) 19,744,477 20,111,430
Diluted (in shares) 19,762,566 20,126,853