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Consolidated Statement of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST AND DIVIDEND INCOME        
Loans, Including Fees $ 7,459 $ 7,093 $ 21,830 $ 21,913
Federal Funds Sold 64 3 120 15
Taxable 386 287 1,133 918
Exempt From Federal Income Tax 229 261 665 787
Other Interest and Dividend Income 75 40 205 123
TOTAL INTEREST AND DIVIDEND INCOME 8,213 7,684 23,953 23,756
INTEREST EXPENSE        
Deposits 720 557 2,050 1,678
Federal Funds Purchased 1 2
Short-Term Borrowings 20 21 59 50
Other Borrowed Funds 120 129 361 383
TOTAL INTEREST EXPENSE 860 708 2,470 2,113
NET INTEREST INCOME 7,353 6,976 21,483 21,643
Provision For Loan Losses 300 450 1,020 1,600
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,053 6,526 20,463 20,043
NONINTEREST INCOME        
Service Fees on Deposit Accounts 630 619 1,839 1,811
Insurance Commissions 758 676 2,686 2,291
Other Commissions 125 112 336 341
Net Gains on Sales of Loans 137 249 389 559
Net Gains on Sales of Investments 10 22 132 80
Net Gains on Purchased Tax Credits 14 43
Income from Bank-Owned Life Insurance 116 123 348 362
Other 28 20 87 93
TOTAL NONINTEREST INCOME 1,818 1,821 5,860 5,537
Salaries and Employee Benefits 3,512 3,291 10,425 9,945
Occupancy 526 544 1,678 1,456
Equipment 464 463 1,376 1,317
FDIC Assessment 104 112 267 353
PA Shares Tax 186 138 562 543
Contracted Services 119 155 408 444
Legal and Professional Fees 81 140 324 395
Advertising 197 189 504 543
Bankcard Processing Expense 130 125 384 359
Other Real Estate Owned (Income) Expense (349) 4 (343) (531)
Amortization of Core Deposit Intangible 134 134 401 401
Other 793 870 2,432 2,542
TOTAL NONINTEREST EXPENSE 5,897 6,165 18,418 17,767
Income Before Income Taxes 2,974 2,182 7,905 7,813
Income Taxes 910 607 2,336 2,255
NET INCOME $ 2,064 $ 1,575 $ 5,569 $ 5,558
Earnings per share:        
Basic (in dollars per share) $ 0.50 $ 0.38 $ 1.36 $ 1.36
Diluted (in dollars per share) $ 0.50 $ 0.38 $ 1.36 $ 1.36
WEIGHTED AVERAGE SHARES OUTSTANDING        
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share (in shares) 4,088,025 4,081,017 4,087,783 4,081,017
Diluted (in shares) 4,108,723 4,087,337 4,104,157 4,084,730