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Consolidated Statement of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST AND DIVIDEND INCOME    
Loans, Including Fees $ 10,764 $ 10,433
Investment Securities:    
Taxable 1,201 1,317
Tax-Exempt 106 208
Dividends 20 20
Other Interest and Dividend Income 238 318
TOTAL INTEREST AND DIVIDEND INCOME 12,329 12,296
INTEREST EXPENSE    
Deposits 1,681 1,719
Short-Term Borrowings 45 46
Other Borrowings 70 97
TOTAL INTEREST EXPENSE 1,796 1,862
NET INTEREST INCOME 10,533 10,434
Provision For Loan Losses 2,500 25
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 8,033 10,409
NONINTEREST INCOME    
Noninterest income 12,329 12,296
Net Gain on Sales of Loans 127 92
Net Loss on Sales of Investment Securities (60)
Change in Fair Value of Marketable Equity Securities (438) 20
Net Gain on Purchased Tax Credits 15 9
Net Gain (Loss) on Disposal of Fixed Assets 17 (6)
Income from Bank-Owned Life Insurance 139 132
Other Income 14 66
TOTAL NONINTEREST INCOME 1,870 2,113
NONINTEREST EXPENSE    
Salaries and Employee Benefits 4,731 4,937
Occupancy 733 759
Equipment 257 296
Data Processing 425 408
FDIC Assessment 158 188
PA Shares Tax 275 268
Contracted Services 378 272
Legal and Professional Fees 235 181
Advertising 183 117
Other Real Estate Owned (Income) (17) (63)
Amortization of Intangible Assets 532 532
Other 1,111 984
TOTAL NONINTEREST EXPENSE 9,001 8,879
Income Before Income Tax Expense 902 3,643
Income Tax Expense 129 718
NET INCOME $ 773 $ 2,925
EARNINGS PER SHARE    
Basic (in dollars per share) $ 0.14 $ 0.54
Diluted (in dollars per share) $ 0.14 $ 0.54
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 5,431,199 5,432,856
Diluted (in shares) 5,456,867 5,451,478
Deposit Account [Member]    
NONINTEREST INCOME    
Noninterest income $ 603 $ 592
Insurance Commissions [Member]    
NONINTEREST INCOME    
Noninterest income 1,283 1,151
Financial Service, Other [Member]    
NONINTEREST INCOME    
Noninterest income $ 110 $ 117