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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Taxable $ 18,119 $ 14,367
Nontaxable 899 409
Interest-bearing deposits with financial institutions 31 33
Restricted investments in bank stock 106 31
Investment securities:    
U.S. government agency and corporations 1,520 1,508
States and political subdivisions (nontaxable) 1,217 1,381
States and political subdivisions (taxable) 446 449
Total interest income 22,338 18,178
Interest expense:    
Deposits 4,618 822
Secured borrowings 111 65
Other short-term borrowings 584 0
Total interest expense 5,313 887
Net interest income 17,025 17,291
Provision for credit losses on loans 180 525
Provision (credit) for credit losses on unfunded loan commitments 225 (11)
Net interest income after provision for credit losses 16,620 16,777
Other income:    
Earnings on bank-owned life insurance 321 319
Gain (loss) on write-down, sale or disposal of:    
Loans 164 712
Available-for-sale debt securities (1) 0
Premises and equipment (2) (157)
Total other income 4,489 4,554
Other expenses:    
Salaries and employee benefits 6,515 6,714
Premises and equipment 2,127 1,925
Data processing and communication 677 712
Advertising and marketing 893 781
Professional services 925 719
Automated transaction processing 429 369
Office supplies and postage 181 179
PA shares tax (32) 160
Loan collection 13 35
Other real estate owned 1 (25)
FDIC assessment 168 237
Other 960 859
Total other expenses 12,857 12,665
Income before income taxes 8,252 8,666
Provision for income taxes 1,212 1,144
Net income $ 7,040 $ 7,522
Per share data:    
Net income - basic (in dollars per share) $ 1.25 $ 1.33
Net income - diluted (in dollars per share) 1.24 1.32
Dividends (in dollars per share) $ 0.36 $ 0.33
Deposit Account [Member]    
Other income:    
Other Income $ 922 $ 799
Credit and Debit Card [Member]    
Other income:    
Other Income 1,251 1,176
Bank Servicing [Member]    
Other income:    
Other Income 298 441
Fiduciary and Trust [Member]    
Other income:    
Other Income 695 617
Investment Advisory, Management and Administrative Service [Member]    
Other income:    
Other Income 222 267
Financial Service, Other [Member]    
Other income:    
Other Income $ 619 $ 380