XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Loans and leases: Taxable $ 41,985 $ 32,364 $ 29,155
Loans and leases: Nontaxable 1,256 1,077 958
Interest-bearing deposits with financial institutions 121 47 104
Restricted investments in bank stock 162 417 194
Investment securities:      
U.S. government agency and corporations 3,197 3,633 3,314
States and political subdivisions (nontaxable) 2,374 1,731 1,594
States and political subdivisions (taxable) 398    
Other securities 3   11
Total interest income 49,496 39,269 35,330
Interest expense:      
Deposits 4,756 6,176 3,811
Securities sold under repurchase agreements     16
Other short-term borrowings and other 248 878 667
FHLB advances 307 500 379
Total interest expense 5,311 7,554 4,873
Net interest income 44,185 31,715 30,457
Provision for loan losses 5,250 1,085 1,450
Net interest income after provision for loan losses 38,935 30,630 29,007
Other income:      
Earnings on bank-owned life insurance 794 647 598
Gain (loss) on write-down, sale or disposal of:      
Loans 3,603 856 645
Available-for-sale debt securities 115 14 10
Equity securities     44
Premises and equipment (142) (13) (18)
Total other income 14,668 10,193 9,200
Other expenses:      
Salaries and employee benefits 19,831 14,761 13,678
Premises and equipment 5,623 4,124 3,775
Data processing and communication 2,246 1,765 1,470
Advertising and marketing 2,269 1,610 1,656
Professional services 2,869 1,362 1,606
Merger-related expenses 2,452 440  
Automated transaction processing 1,158 877 784
Office supplies and postage 541 413 399
PA shares tax 381 303 242
Loan collection 131 264 132
Other real estate owned 28 121 177
FDIC assessment 280 133 267
FHLB prepayment fee 481    
Other 29 748 886
Total other expenses 38,319 26,921 25,072
Income before income taxes 15,284 13,902 13,135
Provision for income taxes 2,249 2,326 2,129
Net income $ 13,035 $ 11,576 $ 11,006
Per share data:      
Net income - basic $ 2.84 $ 3.06 $ 2.93
Net income - diluted 2.82 3.03 2.90
Dividends $ 1.14 $ 1.06 $ 0.98
Service charges on deposit accounts [Member]      
Other income:      
Other income: revenues from contracts with customers $ 2,117 $ 2,286 $ 2,244
Interchange fees [Member]      
Other income:      
Other income: revenues from contracts with customers 3,153 2,208 2,051
Service charges on loans [Member]      
Other income:      
Other income: revenues from contracts with customers 1,681 1,054 579
Fees from trust fiduciary activities [Member]      
Other income:      
Other income: revenues from contracts with customers 1,785 1,350 1,319
Fees from financial services [Member]      
Other income:      
Other income: revenues from contracts with customers 749 946 759
Fees and other revenue [Member]      
Other income:      
Other income: revenues from contracts with customers $ 813 $ 845 $ 969