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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Taxable $ 21,292 $ 18,875 $ 42,221 $ 36,994
Nontaxable 1,224 828 2,428 1,727
Interest-bearing deposits with financial institutions 440 121 816 152
Restricted investments in bank stock 75 75 156 181
Investment securities:        
U.S. government agency and corporations 1,460 1,475 2,949 2,995
States and political subdivisions (nontaxable) 1,103 1,160 2,208 2,377
States and political subdivisions (taxable) 445 445 887 891
Total interest income 26,039 22,979 51,665 45,317
Interest expense:        
Deposits 10,459 6,607 20,400 11,225
Secured borrowings 120 118 241 229
Other short-term borrowings 343 772 963 1,356
Total interest expense 10,922 7,497 21,604 12,810
Net interest income 15,117 15,482 30,061 32,507
Provision for credit losses on loans 275 675 400 855
Net provision (benefit) for credit losses on unfunded loan commitments 140 (50) 90 175
Net interest income after provision for credit losses 14,702 14,857 29,571 31,477
Other income:        
Earnings on bank-owned life insurance 358 324 706 645
Gain (loss) on write-down, sale or disposal of:        
Loans 268 242 471 406
Available-for-sale debt securities 0 0 0 (1)
Premises and equipment (1) (163) 3 (165)
Total other income 4,615 4,535 9,188 9,023
Other expenses:        
Salaries and employee benefits 6,928 6,430 14,060 12,945
Premises and equipment 2,172 2,250 4,331 4,377
Data processing and communication 714 699 1,457 1,376
Advertising and marketing 413 478 1,144 1,371
Professional services 1,191 1,074 2,254 1,999
Automated transaction processing 486 476 911 905
Office supplies and postage 190 197 393 378
PA shares tax 390 324 415 291
Loan collection 51 46 54 59
Other real estate owned (13) 1 (13) 2
FDIC assessment 302 393 600 561
Other 792 1,057 1,700 2,017
Total other expenses 13,616 13,425 27,306 26,281
Income before income taxes 5,701 5,967 11,453 14,219
Provision for income taxes 766 605 1,460 1,817
Net income $ 4,935 $ 5,362 $ 9,993 $ 12,402
Per share data:        
Net income - basic (in dollars per share) $ 0.86 $ 0.95 $ 1.74 $ 2.19
Net income - diluted (in dollars per share) 0.86 0.94 1.73 2.18
Dividends (in dollars per share) $ 0.38 $ 0.36 $ 0.76 $ 0.72
Deposit Account [Member]        
Other income:        
Other Income $ 945 $ 1,001 $ 1,902 $ 1,922
Credit and Debit Card [Member]        
Other income:        
Other Income 1,191 1,168 2,489 2,419
Bank Servicing [Member]        
Other income:        
Other Income 281 284 585 582
Fiduciary and Trust [Member]        
Other income:        
Other Income 884 718 1,733 1,413
Investment Advisory, Management and Administrative Service [Member]        
Other income:        
Other Income 295 227 563 450
Financial Service, Other [Member]        
Other income:        
Other Income $ 394 $ 734 $ 736 $ 1,352