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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Taxable $ 22,719 $ 19,766 $ 64,940 $ 56,760
Nontaxable 1,317 736 3,745 2,463
Interest-bearing deposits with financial institutions 216 60 1,032 212
Restricted investments in bank stock 88 59 244 240
Investment securities:        
U.S. government agency and corporations 1,423 1,461 4,372 4,456
States and political subdivisions (nontaxable) 1,093 1,152 3,301 3,529
States and political subdivisions (taxable) 443 444 1,329 1,335
Total interest income 27,299 23,678 78,963 68,995
Interest expense:        
Deposits 11,297 8,488 31,697 19,713
Secured borrowings 101 123 342 352
Other short-term borrowings 470 428 1,433 1,784
Total interest expense 11,868 9,039 33,472 21,849
Net interest income 15,431 14,639 45,491 47,146
Provision for credit losses on loans 675 525 1,075 1,380
Net provision (benefit) for credit losses on unfunded loan commitments 135 (275) 225 (100)
Net interest income after provision for credit losses 14,621 14,389 44,191 45,866
Other income:        
Earnings on bank-owned life insurance 394 335 1,100 980
Gain (loss) on write-down, sale or disposal of:        
Loans 281 315 752 721
Available-for-sale debt securities 0 0 0 (1)
Premises and equipment (4) (78) (1) (243)
Total other income 4,979 4,325 14,167 13,349
Other expenses:        
Salaries and employee benefits 7,173 6,258 21,233 19,203
Premises and equipment 2,224 2,276 6,555 6,653
Data processing and communication 707 765 2,164 2,141
Advertising and marketing 493 461 1,637 1,831
Professional services 1,032 950 3,286 2,949
Automated transaction processing 472 434 1,383 1,339
Office supplies and postage 162 165 555 543
PA shares tax 389 261 804 553
Loan collection 28 45 82 105
Other real estate owned 3 3 (10) 6
FDIC assessment 314 282 914 843
Other 843 884 2,543 2,900
Total other expenses 13,840 12,784 41,146 39,066
Income before income taxes 5,760 5,930 17,212 20,149
Provision for income taxes 793 590 2,252 2,407
Net income $ 4,967 $ 5,340 $ 14,960 $ 17,742
Per share data:        
Net income - basic (in dollars per share) $ 0.87 $ 0.94 $ 2.61 $ 3.13
Net income - diluted (in dollars per share) 0.86 0.93 2.59 3.11
Dividends (in dollars per share) $ 0.38 $ 0.36 $ 1.14 $ 1.08
Deposit Account [Member]        
Other income:        
Other Income $ 1,021 $ 1,039 $ 2,923 $ 2,962
Credit and Debit Card [Member]        
Other income:        
Other Income 1,202 1,169 3,691 3,588
Bank Servicing [Member]        
Other income:        
Other Income 392 244 977 826
Fiduciary and Trust [Member]        
Other income:        
Other Income 924 783 2,657 2,197
Investment Advisory, Management and Administrative Service [Member]        
Other income:        
Other Income 300 169 863 618
Financial Service, Other [Member]        
Other income:        
Other Income $ 469 $ 349 $ 1,205 $ 1,701